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 Bitcoin L2s set to explode as Runes congest BTC network

Bitcoin L2s set to explode as Runes congest BTC network


Published: 2024-05-01


1. Bitcoin's Layer 2 solutions: The article delves into the rise of Bitcoin's Layer 2 solutions,such as the Lightning Network and Liquid,as a means to address scalability issues and enhance transaction speed and cost efficiency. Layer 2 solutions are becoming increasingly popular due to their ability to relieve congestion on the main Bitcoin network and offer quicker and cheaper transactions.

2. Thorchain's integration of Bitcoin: The article highlights Thorchain's recent integration of Bitcoin onto its decentralized exchange platform,allowing users to swap BTC for other cryptocurrencies across different blockchains. This integration not only expands the usability of Bitcoin as a form of digital currency but also demonstrates the growing trend of interoperability between blockchain networks.

3. DeFi on Bitcoin: The article also discusses the growing presence of decentralized finance (DeFi) applications on the Bitcoin network,enabling users to access a range of financial services without relying on traditional financial institutions. The rise of DeFi on Bitcoin showcases the network's potential beyond just being a store of value,opening up new avenues for innovation and financial inclusion.


Reference: cointelegraph.com

The most traded coin


(Update every 1 hour)
at from is ($US) turnover ($)
1 BTC title=BTC 65,968.00 2,678,029,681.07
2 ARS title=ARS 1,089.60 1,999,932,458.60
3 ETH title=ETH 3,017.73 952,399,329.32
4 PEPE title=PEPE <0.01 795,274,863.88
5 SOL title=SOL 156.17 682,972,217.54
6 FLOKI title=FLOKI <0.01 294,274,260.11
7 WIF title=WIF 3.03 285,747,732.56
8 DOGE title=DOGE 0.16 268,515,685.46
9 PEOPLE title=PEOPLE 0.05 183,464,820.46
10 BOME title=BOME 0.01 176,328,744.00
11 NEAR title=NEAR 7.97 174,020,263.51
12 XRP title=XRP 0.52 163,985,581.69
13 RNDR title=RNDR 10.74 163,268,732.54
14 ENA title=ENA 0.73 144,121,729.18
15 AEVO title=AEVO 0.82 136,087,650.16
16 WLD title=WLD 5.06 135,161,539.47
17 RUNE title=RUNE 6.27 132,703,663.91
18 BONK title=BONK <0.01 92,848,719.02
19 AVAX title=AVAX 34.50 71,436,265.63
20 FTM title=FTM 0.75 67,505,092.85
21 AR title=AR 44.63 65,207,623.94
22 OP title=OP 2.49 58,605,047.95
23 ORDI title=ORDI 38.87 58,115,732.49
24 SUI title=SUI 1.00 52,612,296.77
25 JTO title=JTO 4.28 46,724,910.88
26 ARKM title=ARKM 2.42 45,451,316.48
27 PENDLE title=PENDLE 4.44 42,028,484.09
28 ICP title=ICP 12.51 42,021,082.77

Coins with rapidly rising prices


(Update every 1 minute)
at from is ($US) more (%)
1 ConstitutionDAO title=PEOPLE 0.05 +43.86
2 Immutable title=IMX 2.40 +18.04
3 Axelar title=AXL 1.07 +17.90
4 Fantom title=FTM 0.75 +16.78
5 Sei title=SEI 0.53 +16.45
6 Bittensor title=TAO 395.80 +15.53
7 GMX title=GMX 31.73 +15.42
8 BEAMX title=BEAMX 0.02 +13.78
9 Jito title=JTO 4.28 +13.56
10 JOE title=JOE 0.48 +13.51
11 Pendle title=PENDLE 4.44 +13.50
12 NEAR Protocol title=NEAR 7.97 +13.42
13 THORChain title=RUNE 6.27 +13.18
14 Stacks title=STX 2.18 +13.16
15 Sushi title=SUSHI 1.13 +12.77
16 FLOKI title=FLOKI <0.01 +12.75
17 Yield Guild Games title=YGG 0.82 +12.50
18 Arweave title=AR 44.63 +12.48
19 Numeraire title=NMR 27.52 +12.46
20 iExec RLC title=RLC 3.30 +11.88
21 Theta Fuel title=TFUEL 0.10 +11.83
22 Chromia title=CHR 0.32 +11.71
23 Dock title=DOCK 0.03 +11.50
24 Pyth Network title=PYTH 0.45 +11.50
25 Biconomy title=BICO 0.46 +11.35
26 Reserve Rights title=RSR <0.01 +11.32
27 Stafi title=FIS 0.49 +10.85
28 Raydium title=RAY 1.68 +10.78
29 SingularityNET title=AGIX 0.93 +10.66
30 Sui title=SUI 1.00 +10.63

Bitcoin's Greed and Fear Index.

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64
Greed

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US news that has a significant impact on the market

at news day date time
1 FOMC Member Bowman Speaks Wednesday 15-05-2024 20:20
2 TIC Long-Term Purchases Wednesday 15-05-2024 21:00
3 Unemployment Claims Thursday 16-05-2024 13:30
4 Building Permits Thursday 16-05-2024 13:30
5 Philly Fed Manufacturing Index Thursday 16-05-2024 13:30
6 Housing Starts Thursday 16-05-2024 13:30
7 Import Prices m/m Thursday 16-05-2024 13:30
8 Industrial Production m/m Thursday 16-05-2024 14:15
9 Capacity Utilization Rate Thursday 16-05-2024 14:15
10 FOMC Member Barr Speaks Thursday 16-05-2024 15:00
11 Mortgage Delinquencies Thursday 16-05-2024 15:10
12 Natural Gas Storage Thursday 16-05-2024 15:30
13 FOMC Member Mester Speaks Thursday 16-05-2024 17:00
14 FOMC Member Bostic Speaks Thursday 16-05-2024 20:50
15 CB Leading Index m/m Friday 17-05-2024 15:00
16 FOMC Member Waller Speaks Friday 17-05-2024 15:15
17 FOMC Member Daly Speaks Friday 17-05-2024 17:15
18 FOMC Member Kugler Speaks Saturday 18-05-2024 22:45

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