Galaxy Research: By 2030, approximately $47 billion in Bitcoin liquidity may be integrated into the Bitcoin L2 network

According to Cointelegraph, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in 2024 in its latest report, pointing out that the number of projects has increased sevenfold and venture capital has reached approximately $447 million so far. Galaxy estimates that by 2030, about $47 billion in Bitcoin liquidity could be integrated into the Bitcoin L2 network.

Researchers emphasized that venture capital in the Bitcoin L2 field has reached $447 million, with 39% of investments occurring in the first three quarters of 2024. From January to September 2024, Bitcoin L2 projects received financing of $174 million. Of this amount, $105 million went towards sidechain projects while rollups projects received $63 million.

The researchers also noted a significant change occurred during Q2 2024 when Bitcoin L2 projects accounted for 44% of all risk investment obtained by Layer-2 networks within cryptocurrency industry. Compared to Q1, investment volume grew by 159% during Q2. Galaxy explained that this increase indicates traditional crypto venture firms (excluding those focused on bitcoin) had less involvement with bitcoin's ecosystem prior to 2024. As per Galaxy's view, as this ecosystem matures further these firms will continue deploying funds into bitcoin layer-2 ventures.