CoinVoice has learned that according to Cointelegraph, Galaxy Research analyzed the rise of the BTC L2 ecosystem in its latest report, pointing out that the number of projects has risen 7 times. As of now, the amount of venture capital has reached about 447 million US dollars. Galaxy estimates that by 2030, about 47 billion US dollars of Bitcoin liquidity may be accessed on the BTC L2 network.

Researchers emphasize that the venture capital in the BTC L2 field has reached $447 million, with 39% of the investment occurring in the first three quarters of 2024. From January to September 2024, BTC L2 projects raised $174 million in funding. Among them, $105 million went to Sidechain projects, while $63 million went to rollups projects.

Researchers also pointed out that there was a significant change in the second quarter of 2024, with BTC L2 projects accounting for 44% of the total venture capital investment in the entire cryptocurrency industry L2 networks. Compared to the first quarter, investment in the second quarter rose by 159%.

Galaxy explained that the rise in venture capital indicates that traditional encryption venture capital firms (excluding funds focused on BTC) will have less involvement in the BTC ecosystem by 2024. Galaxy believes that as the ecosystem matures, encryption venture capital firms will continue to deploy funds to BTC L2 projects.