Data: Bitcoin L2 projects have raised $447 million in funding to date

2024-11-21 21:23:03

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ChainCatcher news, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in its latest report for 2024, pointing out that as of now, venture capital in the Bitcoin L2 space has reached $447 million, with 39% of the investments occurring in the first three quarters of 2024. From January to September 2024, Bitcoin L2 projects secured $174 million in funding. Of this, $105 million went to sidechain projects, while $63 million went to rollups projects.

Galaxy estimates that by 2030, approximately $47 billion in Bitcoin liquidity could flow into the Bitcoin L2 network. The agency believes that before 2024, traditional crypto venture capital firms (excluding those focused on Bitcoin) had limited involvement in the Bitcoin ecosystem. As the ecosystem matures, crypto venture capital firms will continue to deploy funds into Bitcoin L2 projects.

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