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Author: Admin | 2025-04-28
In August 2024. With the significant development of Ethereum L2s, interoperability solutions have also gained traction, with ZKsync Elastic Chain, Optimism Superchain, and Polygon AggLayer as the notable players. The table below shows the major Ethereum L2 players we covered in 2024:All major Ethereum L2 super chain tokens in our coverage saw price losses in 2024, with Polygon (POL) facing the biggest decline (-53%).We have seen many key developments in L2s in 2024, including Ethereum’s successful Dencun upgrade, Arbitrum’s cross-chain functionality, and ZK rollup advancements. Additionally, TVL for Ethereum L2s soared to a record of $54 billion. L2s are expected to see more development in 2025, including the improvement on decentralisation and network performance after the upcoming Ethereum Pectra upgrade. Furthermore, DeFi projects are expected to adopt fee-sharing mechanisms. (For more on L2 developments, read 2024 Year Review and 2025 Year Ahead.)Read more in our reports Ethereum L2 Interoperability — The Super Chains and Ethereum Pectra Upgrade.2.9 Bitcoin Layer-2s (L2s)Bitcoin Layer-2 (L2) tokens experienced an average log return of -98% in 2024, along with one-month and three-month price changes of -28% and -50%, respectively, since our initial mention in April 2024.The table below shows the new development of the Bitcoin L2s we covered in 2024.ProtocolKey FeaturesMAP Protocol (MAPO)MAP Protocol is a blockchain interoperability solution that aims to enable seamless asset and information transfer across different blockchain networks.BEVMBEVM is a decentralised EVM-compatible Bitcoin L2 that uses BTC as gas and allows for dapps, which can run in the Ethereum ecosystem, to operate on Bitcoin L2s.Babylon Chain (BABI)Babylon Chain is a project that aims to integrate Bitcoin staking capabilities into the broader Cosmos network, which is known for its Proof of Stake (PoS) blockchains.BounceBit (BB)BounceBit is a BTC restaking infrastructure aiming to serve as a foundational layer for various restaking products.Merlin Chain (MERL)Merlin Chain is a Bitcoin L2 that integrates the ZK rollup network, decentralised oracle network, data availability, and on-chain BTC fraud proof modules.Syscoin (SYS)Syscoin is a Bitcoin L2 solution that employs a merged-mining approach with the Bitcoin network.NubitNubit is a scalable, cost-efficient, data availability layer secured by Bitcoin for its
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