Cryptocurrency Market Update: Layer-2 Solutions Surge with $7.72B in TVL and Rising Prices

The cryptocurrency market is showing notable activity today, with the total value locked (TVL) on L2 Beat reaching $7.72 billion, an increase from $7.63 billion yesterday. This upward trend reflects a growing interest in layer-2 solutions.

Among the top five layer-2 networks, Arbitrum leads with a TVL of $2.55 billion, marking a 1.17% increase from the previous day. Base follows with a TVL of $1.44 billion, up by 1.08%. Meanwhile, Blast has a TVL of $741.24 million, experiencing a slight dip of 0.14%. Scroll continues to gain traction, now at $715.64 million, with a notable increase of 3.28%. Optimism rounds out the top five with a TVL of $595.39 million, rising by 1.45%.

In terms of market prices, Bitcoin (BTC) is currently trading at $58,091, up from $57,414 yesterday. Ethereum (ETH) is also on the rise, priced at $2,350, compared to $2,342 the day before. These price movements indicate a positive sentiment in the crypto market.

Today's fundraising efforts have yielded a total of $48.50 million. The largest round comes from Huma Finance, which raised $38 million. Castile secured $8 million, while Hyperbridge raised $2.50 million. Cumulatively, the fundraising for the week stands at $89.85 million, showcasing robust interest and investment in the crypto space.