The total TVL on the Bitlayer chain exceeds US$500 million, and the second first mining festival is about to go online

Odaily News According to the official website of Bitlayer, the native second-layer network of Bitcoin, the total TVL on the Bitlayer chain has exceeded US$500 million and is now US$532 million, with an increase of more than 40% in the past 30 days. The top five ecological protocols in Bitlayer TVL are Avalon, Pell Network, bitCow, bitSmiley and Macaron. According to official data, nearly 100 ecological projects have been deployed to Bitlayer, and the number of active transactions on its chain has exceeded 1 million, making it the fastest growing Bitcoin Layer 2. According to previous news, the first Bitlayer mining festival officially ended on June 11, and Bitlayer TVL increased by more than US$300 million during the event.