Crypto Market Update: Arbitrum Leads TVL Gains, Bitcoin Hits $66,842, Bitlayer Raises $11M

The cryptocurrency market continues to show dynamic movements with notable changes in both TVL and asset prices. The total TVL on L2 Beat has seen a slight uptick, currently standing at $10.25B compared to $10.23B yesterday.

Among the top Layer 2 networks, Arbitrum leads with a TVL of $3.22B, marking a 0.50% increase from yesterday. Base follows with $1.76B, up by 0.99%. Blast, on the other hand, experienced a slight dip, currently at $1.29B, down by 0.63%. Scroll and Optimism recorded minimal changes, with TVLs of $773.74M (0.01%) and $763.03M (-0.54%), respectively.

In the broader crypto market, Bitcoin (BTC) is trading at $66,842, up from $65,968 yesterday. Ethereum (ETH) shows a slight decrease, currently priced at $3,436 compared to $3,490 yesterday.

Today's fundraising activity has been significant, with a total of $11.00M raised. The biggest round was secured by Bitlayer, which raised the entire $11.00M. This brings the cumulative fundraising for the current week to $35.00M.