Bitlayer's Total Value Locked Surpasses $500 Million, Showing Over 40% Growth in Last 30 Days

According to BlockBeats, Bitlayer, a native second-layer network for Bitcoin, has reported that its total value locked (TVL) has exceeded $500 million, currently standing at $534 million. This represents a growth of over 40% in the past 30 days.

The top five protocols in the Bitlayer TVL rankings are Avalon, Pell Network, bitCow, bitSmiley, and Macaron. Official data shows that nearly a hundred ecological projects have been deployed to Bitlayer, with the number of active transactions on the chain exceeding one million. This makes Bitlayer the fastest-growing Bitcoin Layer 2 in terms of ecosystem growth.