Cryptocurrency Market Soars: TVL on L2 Networks and BTC, ETH Prices Surge

The cryptocurrency market is experiencing a dynamic shift, with notable changes in Total Value Locked (TVL) across Layer 2 (L2) networks and significant movements in Bitcoin (BTC) and Ethereum (ETH) prices.

As of today, the total TVL on L2 Beat stands at $9.58 billion, up from $9.39 billion yesterday. This increase reflects the growing confidence and activity within the L2 ecosystem.

Among the top L2 networks, Arbitrum leads with a TVL of $2.93 billion, showing a slight increase from yesterday's 1.76%. Blast follows at $2.08 billion, with a minor dip from yesterday's 2.17%. Base holds $1.60 billion, down from yesterday's 2.11%. Optimism and Linea also show fluctuations, with TVLs of $711.24 million and $673.81 million, respectively, compared to yesterday's 3.20% and 1.97%.

In the broader market, Bitcoin's price has risen to $65,080 from $64,671 yesterday. Ethereum has also seen an uptick, now priced at $3,535 compared to $3,427 the previous day.

Today's fundraising activities have been robust, with a total of $29.00 million raised. The largest rounds include Renzo securing $17.00 million and Sonic raising $12.00 million. This brings the cumulative fundraising for the current week to $96.20 million.