Bitlayer’s on-chain TVL exceeds $500 million, and the second first mining festival is about to go online

BlockBeats reported that on June 25, according to the official website of Bitlayer, the native second-layer network of Bitcoin, the current total locked value (TVL) on the Bitlayer chain has exceeded US$500 million, now US$534 million, with an increase of more than 40% in the past 30 days.

The top five ecological protocols in Bitlayer TVL are Avalon, Pell Network, bitCow, bitSmiley and Macaron. According to official data, nearly 100 ecological projects have been deployed to Bitlayer, and the number of active transactions on its chain has exceeded 1 million, making it the fastest growing Bitcoin Layer 2.