Weekly Dose of Bitcoin L2 #March 26, 2024
Hi friends,
After a period of adjustment, the price of Bitcoin has gradually increased. The current BTC price is $71,362.
This week, let’s continue to monitor the developments in the Bitcoin Layer 2s ecosystem. Enjoy!
Top Stories
There are many new updates you can follow this week:
Taproot chain to launch the mainnet on March 28th.
Yala released its roadmap, unpacking from a beta launch in May 2024 to Mainnet in September 2024, before eventually transitioning to a DAO in June 2025.
Core Chain to release Non-custodial Bitcoin Staking soon, and the Core Ignition, a 6-month incentive program for the BTCfi ecosystem, has launched.
Bool Network to launch Alpha Testnet on 3.28.
BounceBit reintroduces the concept of #CeDeFi
Here is a funding list for Bitcoin Layer 2 solutions this week: Yala, Satoshi Protocol, Nubit, BEVM, AINN Layer2 (AIL2) , OpenStamp.
Satoshi Protocol is the CDP protocol built on BEVM, facilitating users to deposit BTC and mint stablecoin SAT.
Nubit is a scalable Bitcoin-native data availability layer, secured by Bitcoin.
BEVM is a decentralized EVM-compatible Bitcoin L2 that uses BTC as Gas.
AINN Layer2 (AIL2) is an EVM-compatible Bitcoin Layer2 with inscription as gas.
OpenStamp is a marketplace for BTC Stamps(SRC20, STAMPS, SRC721). The platform also offer minting services.
Top Opinion
Grayscale Chief Legal Officer: The SEC has not conducted an in-depth discussion on the Ethereum spot ETF because related issues have reached a consensus on the Bitcoin ETF.
Bitcoin L2s is one of the most hottest crypto narrative of 2024
DWF: how do the Bitcoin layer 2s differ under the hood?
In this thread, we will dive deeper into how we classify these Layer 2s, and walk through Bitcoin’s scalability journey to highlight how they aim to leverage Bitcoin as a base layer.
Valuable Research
解析当下最热的五类BTC L2解决方案，谁最具比特币原生性和落地性？
This article focuses on five categories of projects: Bitcoin sidechains, UTXO+ client verification, Taproot Consensus, multi-signature + EVM, and Rollup. It analyzes the strengths and weaknesses of current Bitcoin Layer 2 (L2) solutions based on three indicators: Bitcoin’s native characteristics, degree of decentralization, and level of implementation.
From Glassnode insights: Adjusting Trading Strategies to the Upcoming Bitcoin Halving: Is This Cycle Different?
This article explores how the upcoming Bitcoin halving, combined with the significant demand from ETFs, reshapes traditional trading strategies, emphasizing the need for traders to adapt to this new trading landscape.
From Franklin Templeton Digital Assets: Stacks: The Nakamoto Upgrade
We have mentioned on our previous weekly dose before, Spartan Group’s latest research: Towards a Trustless Financial System on Bitcoin (4 of 4).
You can find the previous research here: weekly-dose-of-bitcoin-l2-march-12-2024
New Tool or Website
The state of all Bitcoin Layer2 ecosystem
Jobs in the space
OK, that’s all for this week.
Questions or more feedback? Get in touch with us here. DM always open for everyone!
