Data: Bitcoin L2 projects have received $447 million in funding so far

Foresight News reported that Galaxy Research, in its latest report, analyzed the growth of the Bitcoin L2 ecosystem in 2024, stating that to date, venture capital investment in the Bitcoin L2 field has reached $447 million, with 39% of the investment occurring in the first three quarters of 2024. From January to September 2024, Bitcoin L2 projects received $174 million in funding, with $105 million going to sidechain projects and $63 million to rollups projects. GAL estimates that by 2030, approximately $47 billion in Bitcoin liquidity may be integrated into the Bitcoin L2 network. The institution believes that before 2024, traditional crypto venture capital firms (excluding Bitcoin-focused funds) have had limited involvement in the Bitcoin ecosystem. As the ecosystem matures, crypto venture capital firms will continue to deploy funds to Bitcoin L2 projects.