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A startup named BOB has secured $10 million in seed funding to advance its hybrid Layer 2 (L2) blockchain that bridges Bitcoin and Ethereum. BOB aims to combine liquidity from both cryptocurrencies, enhancing Bitcoin's utility and scalability. Bitcoin's role is expanding with L2 solutions, attracting significant interest and investments in the L2 space.
Only a couple days in and $50M in TVL. BTC L2s are one of the hottest narratives at the moment. If you remember what happened with ETH L2s in 2021... https://t.co/cXhwiLVMfk
Is interest regarding Bitcoin L2s truly picking up? @signal21btc charts clearly show @Stacks growth in terms of network activity and active participants. It will become even more interesting as the Nakamoto upgrade and sBTC activates the Bitcoin economy. https://t.co/sRHqY88WZY
Bitcoin's role is expanding beyond digital gold with L2 solutions and projects like Ordinals and BitVM. The race to enhance Bitcoin’s utility and scalability is intensifying, but how does it compare to Ethereum's L2 ecosystems? Read the full report ⬇️ https://t.co/Pofd6jAWOB https://t.co/Qbai1tg7Qe