According to Cointelegraph, GAL Research's latest report analyzed the growth of the Bitcoin L2 ecosystem in 2024, noting that the number of projects has grown 7-fold, with venture capital investment reaching approximately $447 million.
GAL estimates that by 2030, approximately $47 billion in Bitcoin liquidity may be integrated into the Bitcoin L2 network. Between January and September 2024, Bitcoin L2 projects received $174 million in funding.
The researchers also noted that significant changes occurred in the second quarter of 2024, with Bitcoin L2 projects accounting for 44% of the venture capital investment in the entire cryptocurrency industry's L2 networks.
Investment increased by 159% compared to the first quarter. GAL believes that as the ecosystem matures, cryptocurrency venture capital firms will continue to deploy funds to Bitcoin L2 projects.
