BITCOIN LAYER 2 REPORT | Q2 2024

Summary from the TLDR Crypto newsletter

This report analyzes 12 L2s and sidechains. CORE had almost 9x more unique addresses (19.2M) than second-place BounceBit. BSquared, CORE, and BOB had the most transactions. Merlin and Bitlayer are tied for the highest TVL at slightly below $400M. These chains are still in their infancy and actively developing their ecosystems.