Ethereum

Core

2024

Value

Bitcoin

<p>With the explosion of Layer 2 solutions, competition between blockchains is intensifying. Ethereum has long dominated this scene, but Bitcoin is entering the fray. Layer 2 solutions offer ways to improve scalability and interoperability. In this intense landscape, Bitcoin seems determined to catch up, especially with the incredible growth of networks like Core and Bitlayer, which today capture over 56% of the total value locked.</p>
<h2 id="h-bitcoin-boosted-by-its-layer-2s">Bitcoin boosted by its Layer 2s</h2>
<p>The Bitcoin ecosystem, <a href="https://www.cointribune.com/pow-proof-of-work-le-mecanisme-derriere-la-securite-de-la-blockchain-bitcoin/" target="_blank" rel="noopener noreferrer nofollow">driven by the Proof-of-Work (PoW) mechanism</a>, is witnessing a <strong>spectacular rise</strong> with the emergence of Layer 2 (L2) solutions. In 2024, <a href="https://defillama.com/chains/Bitcoin%20Sidechains" target="_blank" rel="noopener noreferrer nofollow">these networks</a> have garnered attention, accumulating <strong>$1.31 billion in Total Value Locked (TVL)</strong>.</p>
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<p>Among these networks, <strong>Core and Bitlayer dominate</strong>, capturing over <strong>56%</strong> of this wealth. Core, in particular, has seen a <strong>tremendous 1,032% growth in the second quarter</strong>, reaching $387.94 million, or 29.46% of the total. Bitlayer follows closely with $358.75 million (27.24%).</p>
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="431" src="https://www.cointribune.com/app/uploads/2024/09/TVL-CHAINS-BITCOIN-1024x431.png" alt="TVL-chaines-bitcoin" class="wp-image-728395" srcset="https://www.cointribune.com/app/uploads/2024/09/TVL-CHAINS-BITCOIN-1024x431.png 1024w, https://www.cointribune.com/app/uploads/2024/09/TVL-CHAINS-BITCOIN-300x126.png 300w, https://www.cointribune.com/app/uploads/2024/09/TVL-CHAINS-BITCOIN-768x323.png 768w, https://www.cointribune.com/app/uploads/2024/09/TVL-CHAINS-BITCOIN.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Total locked values for chains on Bitcoin – Source: DefiLlama
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<p>The figures for 2024 illustrate this revolution:</p>
<ul>
 <li>Core: $387.94 million in TVL;</li>
 <li>Bitlayer: $358.75 million;</li>
 <li>Rootstock: $158.18 million.</li>
</ul>
<p>This rush towards L2s shows a <strong>growing demand for more efficient networks</strong>, especially in the face of Bitcoin’s (BTC) scalability challenges.</p> 
<div class="tradingview-widget-container tradingview--mini-chart">
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"light"}</script>
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 <div class="tradingview-widget-copyright"><a href="https://fr.tradingview.com/symbols/BTCUSD/?exchange=BINANCE" rel="noopener noreferrer nofollow" target="_blank"><span class="text-primary-color">BTCUSD chart</span></a> by TradingView
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<h2 id="h-blockchain-the-race-to-billions">Blockchain: the race to billions</h2>
<p>The boom of Layer 2s is not limited to Bitcoin. The phenomenon extends to the entire blockchain. Besides Core and Bitlayer, other projects are making their mark.</p>
<p><strong>Rootstock</strong>, for example, although having seen <strong>its TVL drop from $163.75 million to $158.18 million</strong>, remains a major player. The same goes for <strong>Stacks</strong>, which has decreased from $141.93 million to $87.9 million.</p>
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<p>Yet, L2s continue to evolve with <strong>a multitude of new options</strong>, now numbering 17, compared to just 9 at the start of the year.</p>
<p>This diversification indicates a clear trend: blockchain, constantly seeking solutions to its technical challenges, sees its protocols evolving at a rapid pace.</p>
<p>Furthermore, with the <a href="https://fr.cointelegraph.com/news/blockchain-layer-2s-explode-but-what-for" target="_blank" rel="noopener noreferrer nofollow">explosion of Layer 2s on Ethereum</a> and the advancement of Bitcoin protocols, blockchain is experiencing a renaissance, raising concerns among some experts about the risks of fragmentation.</p>
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Bitcoin Asserts Itself On Layer 2: The Billions Are Piling Up!

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