jakiro
Author: Climber, Bitchain Vision Realm
Recently, multiple Bitcoin Layer 2 projects have announced the main online online, including Ainn Layer2, Bevm, Taproot Chain, Satoshivm, Merlin Chain.Previously, Jademont founder Jademont, founder of WaterDrip Capital, said that at least 10 Bitcoin Layer 2 web online this year.
At the beginning of the year, nearly half of this type of project has been launched in the main network. It is no wonder that this year is the “Bitcoin Layer 2nd year” this year.The Bitcoin ecosystem has more valued capital since the outbreak of the inscription sector last year. If the underlying chain project party carrying data and applications can seize the leading advantages, it is likely that the wind is coming to occupy more market share.
On the occasion of this Bitcoin L2 group chain, we may wish to do observation first to understand the basic information and progress of each project, but also have a deep reason for the deep reasons behind the rise of the Bitcoin ecosystem.Understand the logic of capital entry.
1. Bitcoin Layer 2 of the main online
In February this year, “Bitcoin Magazine” listed the standard for Bitcoin L2, mainly including the following three points:
1. Use Bitcoin as native assets.2. Use Bitcoin as a settlement mechanism to force the transaction: users of L2 must be able to return a mechanism for its asset control on the first layer of assets.3. Show the functional dependence of Bitcoin: If the Bitcoin network fails but the relevant system can still be maintained, the system is not the L2 of Bitcoin.
The official labeling of the L2 project that has been launched at present is Bitcoin L2. This article is listed as follows in the order of the launch time from the distance:
1, Ainn Layer2The
On April 1, the main network of Ainn Layer2 was officially launched.At the same time, the Ainn Layer2 DataSet pledge activity will be opened and will support the rune agreement.
As of the writing, the TVL of Ainn Layer2 was US $ 620 million, with a total pledge of more than 135,700.
Ainn Layer2 (ANVM) is focused onWeb3+AIThe application Bitcoin Layer2 solution focuses on the modular structure of artificial intelligence -driven.Ainn Layer2 also uses mining incentives to run AI training shared computing platforms. It aims to continue to support the development of Web3 and AI in order to create the infrastructure of Web3 AI.
In March of this year, Ainn Layer2 obtainedMillions of dollarsFinancing, WaterDrip Capital and Satoshi Lab participated in the investment.
Recently, Ainn Layer2 signed a memorandum of cooperation with the Digital Development Department of the Republic of Gilgis at the Hong Kong Web3 Spring Summit.
2, BevmThe
On March 28, BEVM announced the main online online and opened the Genesis Box Free Mint program at the same time.Later, Bevm and Binance Web3 wallet launched a joint airdrop.
BEVM is the first basedTaproot consensusThe BTC Layer2, which is constructed with BTC as GAS and compatible with EVM, allows all DAPPs that can run in the Ethereum ecosystem on the Bitcoin L2.Its core goal is to expand BitcoinSmart contractScenes, help BTC break through the Bitcoin blockchain non -Turing complete and do not support the shackles of smart contracts, so that BTC can build a decentralized application with BTC as the native GAS on the Layer2.
The BEVM team has been explored in Bitcoin Layer 2 since 2017.In 2018, the BEVM team’s BTC Layer 2 Chainx achieved 100,000+ BTC cross -chain.BEVM Pioneer.com was launched in July 2023. As of now, it has 100,000+ users, handling more than 6 million transactions, and 30+ ecological projects have been deployed on its advance network.
At the end of March this year, BEVM announced the completion of the seed wheel and some roundsDollarsFinancing, the participants include nearly 20 institutions such as Rocktree Capital, WaterDrip Capital, Arkstream Capita, with a valuation of US $ 200 million after investment.
In January, BEVM released the entire node plan of the test network.
3, Taproot ChainThe
On March 28, the main network of Taprootchain was officially launched and opened the inscription’s cross -chain function.In addition, the three BRC-20s tokens will be listed, namely ORDI, SATS, and BTCS.At the same time, the platform will start points activities.
Taproot Chain is the first bitcoin Layer2 network that supports Taproot’s assets issuing and transactions to the Taproot Labs incubation. It is based on OP STACK technology and builds Layer2 ecological platforms for BTC native assets and smart contract DAPP applications.
Taproot chain is also specially designed for the encryption industryApplication layerThe Bitcoin Layer2 created combined with Bitcoin Taproot Assets Protocol, EVM smart contracts, and crypto asset cross -chain technology, aiming to create a financial ecosystem that can release nearly trillions of dollars worth of nearly trillion US dollars.
On the same day, Taproot Chain announced that it has received a new round of millions of dollars in financing led by Negentropy Capital.
On March 2nd, Taproot Labs launched the Taproot Chain test network.
4, SatoshipmmThe
On March 15th, Satoshivm was online, and then the project launched the SAVM token pledge function.
Satoshipm is decentralized BitcoinZk rollupLayer 2 solution is compatible with Ethereum virtual machine (EVM) ecosystem, using native BTC as GAS fees.SatoshivM connects the EVM ecosystem to Bitcoin, enabling the Bitcoin ecosystem to issue assets and develop applications.
The action before launch is:
In February, SatoshiVM access to OKX Web3 wallet.
On January 26, Satoshivm launched a non -interactive zero -knowledge certificate package -SVMZK, but SVMZK and Bitcoin Taproot Integration are still under development.
On January 18th, Satoshivm completed the IDO on the decentralized auction platform Bounce Brand. The price was 0.05 USDT, but the launch rose nearly 300 times, the highest is close to 15 USDT, and the current currency price is $ 7.7.
At the same time, SatoshivM announced the basic information and distribution details of its token SAVM.The total supply of SAVM tokens is 21 million, and the distribution ratio includes: 36.5%ecosystems, 30%of liquidity, 15%of the contributors, 15%of Bootstrapping, Boundce Finance ID 2%, Ape Terminal IDO 1%, MUBI mining pool, MUBI mining pool0.4%, BSSB mining pool 0.1%.
5, Merlin ChainThe
On February 8th, Merlin Chain’s main network was launched and opened the pledged activity Merlin’s Seal.
As a star project, the project activity is hot, and even the Merlin network has a phenomenon of congestion and high cost of GAS.As of writing, Merlin Seal TVL has exceeded $ 3.63 billion.
Merlin Chain is developed by the team behind Bitmap Tech (formerly recursiverse) and integratedZK-RollupNetwork, decentralized prophecy network, and Bitcoin Layer2 solution for BTC anti -fraud modules on the chain.Its core goal is to activate native assets, agreements and products on the Layer1 Layer1 via Layer2 network, thereby enriching the Bitcoin ecosystem.
In February of this year, Merlin Chain announced the completion of financing, and 24 institutions including OKX Ventures, ABCDE, ForeSight Ventures, and Arkstream Capital participated in the investment, but the specific amount was not disclosed.
Before and after its main online online, Merlin Chain also has a number of big moves:
In March, Merlin Chain announced that the m-Token M-TOKEN was launched.During the same period, Merlin Chain’s first rune asset RUFI started fairly on Unicross.
In February, TRON announced a strategic cooperation with Merlin Chain, and OKX Web3 wallets also announced the access to the Merlin Chain network.
In addition, Merlin Chain announced that it will use the total amount of token (that is, 21 million MERL, tokens is 2.1 billion). The initial price is 0.00004762 USDT.PEOPLE ’s Launchpad is a token launch (distribution) platform established by the PeOPLE’ s Alliance.
On January 19, Merlin Chain announced the start. One week later, Merlin Chain tested online.
Other Bitcoin L2dynamic:
In April, the Bitcoin L2 network Mezo developer Thesis completed a $ 1 million Series A financing led by 2Pantera Capital.Bitcoin L2 Development Company Alpen Labs completed $ 10.6 million in financing, led by Ribbit Capital.
In March, the first modular L2 Tunachain on Bitcoin announced that it would launch Tuna Ocean to govern the token TUNA through the LBP platform; Mirror L2 announced the completion of the first round of financing and opened the test network.
In January, Mintlayer’s main web is online.B²network online “Haven”.
2. Bitcoin L2Behind it: Technology+Capital two -wheel drive
It was called “Bitcoin Layer 2nd Narrow” in 2024. In the first quarter of this year, several Bitcoin Layer 2 was established. Recently, at least 5 of the main online projects are online, which shows that the narrative has gradually become a trend.Behind this, there are many factors induced.Capital is always profitable, but at the same time, technological progress also plays an underlying support.
1, Level of Technology and Fund
At present, the Bitcoin L2 solutions on the market are diverse. From the perspective of technology, it can be roughly divided into: Bitcoin side chain, UTXO+client verification, TAPROOT CONSENSUS, multi -sign+EVM, Roullp.
But the above stems from the development of the Bitcoin network itself. Since its birth, the BTC has experienced three revolutionary technology iterations:
2009: BTC was born, and the first time the blockchain structure opened the decentralized currency application.
2017: BTC isolation testimony upgrades support the maximum 4MB storage, and solve the problem of storage on the BTC chain.This also provides a basis for the currently explosive Ordinals protocol (issuance assets).
2021: The BTC Taproot upgrade has supported the BTC retail signature algorithm, which also provides underlying support for the fully decentralized Bitcoin Layer2 technology.
According to the “Bitcoin Ecosystem: Open the Mantra of the Financial Age of Financial,” shows that as of the fourth quarter of 2023, the Bitcoin layer development has made significant progress, and the L2 solution has made significant progress.The ecosystem has expanded to including side chain, DriveChain, combined mining chain and POS chain.This period also marks the emergence of various protocols, tokens, cross -chain bridges, ROLLUP, and other innovative solutions.
All of the above laid the technical foundation for the emergence of Bitcoin L2.
However, the biggest incentive to truly allow all parties to decide to enter the Bitcoin ecosystem is the rise of the inscription market last year.The outbreak of the inscription directly ignites the Bitcoin ecosystem, and also allows the capital to see the huge investment potential contained in it.
The Bitget Research Institute pointed out that with the market expected consensus consensus of the BTC spot ETF, the advent of the BTC halving incident, and the triple favorable stimulus of the Federal Reserve’s interest rate cuts, the Bitcoin ecosystem continued to influx into a large amount of funds, creating a continuous wealth effect.
Although the wealth effect begins with the BRC20 of the Ordinals protocol, it will not be limited to the segment area, but will be fully expanded to other innovative protocols and sectors.The continuous wealth effect will further attract the continuous inflow of funds, making the Bitcoin ecosystem is expected to become a new engine of the next round of bull market.
The report also pointed out that, in addition to innovative asset issuance agreements such as Ordinals and Atomicals, another focus of the Bitcoin ecosystem is the expansion plan, including Lightning, Rootstock, Stacks, RBG and other expansion solutions.More prosperous ecology.
In February this year, Pantera Capital is expected to have a total value of Bitcoin ecological DEFI up to 450 billion US dollars, and this is only a sector in the Bitcoin ecosystem.
2, Institutional admission
The Bitcoin Layer 2 project continues to emerge and can concentrate on the main network in the short period of time. It is inseparable from the support of major institutions.
On April 5th, ABCDE Lianchuang BMAN predicts that with Bitcoin from interest -free assets to interest -interest assets, the $ trillion Bitcoin will enter the DEFI world on the chain. The total market value of the TVL and L2 of the Bitcoin ecosystem will exceed more$ 100 billion.
In February this year, OKX Ventures joined ABCDE to host the second season of Bitcoin Ecological DEMO Day, covering Bitcoin infrastructure construction projects such as BTC second -level network, second -layer service solution, Bitcoin pledge, Launchpad, DA, etc.
OKX Ventures has been in the BTC ecology and has invested in projects such as B^2 Network, Bitmap Tech, BABYLON, Bitsmiley, Alexgo, Portal Defi and other items.In addition, OKX Ventures will also take out entrepreneurs who continue to invest 10 million US dollars and support the BTC ecology, and will also provide services and resources.
In January, the media disclosed the good news of multiple Bitcoin L2, which were:
The digital asset research team of the asset management giant Franklin Templeton posted a statement saying that it should not ignore the Ordinals and two -layer solutions of the Bitcoin ecosystem.important.
EGO Death Capital announced the launch of a new round of financing “Fund II”, which aims to raise $ 100 million to promote the growth of the Bitcoin ecosystem.Previously, Fund i raised a total of $ 25.2 million.
ABCDE Lianchuang Du Jun stated on his social platform that it is preparing to participate in the Bitcoin ecological construction in depth, and the optimal track is Layer2.At the same time, Du Jun said, “On the date of launch of the project, 50 million U or equivalent Bitcoin addresses will be announced for development and use of this project.”
The venture capital institution SATX Labs announced the start of the first Bitcoin Ecological Investment Fund. The fund will focus on the Bitcoin 2nd floor agreement and ecological construction to ensure the security of the main network and promote the sustainable development of Bitcoin ecology.
Smart Bitcoin Labs announced on the X platform that UTXO Fund and UTXO Fund Ⅱ have now been established, with the fund size of 5 million US dollars, focusing on investment in Bitcoin inscriptions, Layer2, DEFI and other fields.
In November last year, AC Capital, the web3 venture capital institution, announced the launch of a $ 20 million fund, which is the fund’s strategic investment focus at BTC ecological assets.
However, the earliest large Bitcoin ecological fund was Bitcoin Magazine Ventures managed by David Bailey and Tyler Evans in early June last year.According to internal news, this venture capital fund dedicated to investing in the Bitcoin ecosystem raised 30 million US dollars, and it has surpassed $ 90 million.
Summarize
Earlier this year, major institutions, compared with the Bitcoin ecology and its L2 projects, have increased their betting efforts, and the Bitcoin L2 network also launched one after another in the Q1 quarter. At the same time, pledge activities also attracted funds and popularity.Compared with the Ethereum L2 network, most of the Bitcoin L2 project parties are mostly in the east and have progressing rapidly.
Bitcoin is halved in April, and it is difficult to protect a wave of Bitcoin ecosystem.The early online launch is undoubtedly conducive to the project influence of the Bitcoin L2 that has been launched.The timing of the time is obviously shortened by the early capital for profit.
However, it is worth noting that the above -mentioned many Bitcoin L2 projects have not announced the specific amount of financing, and the time from the project online test network to the main network is relatively short.Cyber security, project ecology, developer, user experience, etc. still need time inspection.
