|
In a recent TechFlow update, Muneeb.btc, co-founder of Stacks, shared on the X platform that programmable Layer 2 will fully unleash the asset potential of Bitcoin:
BitVM is changing the game, as it effectively moves trustless BTC to Layer 2.
The market size of Bitcoin Layer 2 could reach 100 billion USD.
Founders of some Bitcoin applications and protocols struggled to raise funds just six months ago, but now they are oversubscribed, with venture capital flowing into seed-stage investments in Bitcoin Layer 2 and applications.
Entities in the Stacks Layer 2 ecosystem have vested interests in the work of Layer 2 bridging based on BitVM. Millions of funds are expected to be invested in BitVM development in the future.
With the entry of new developers and capital, Bitcoin Layer 2 might quickly become the top vertical in the next cycle, with the anticipation of 3-5 new Layer 2 launches in the next 6 months and over 10 in the next 12-18 months.
As Layer 2 rises, Bitcoin's dominant position in the industry may further strengthen. |
|