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    Bitcoin Layer 2 Report: Bitcoin Layer 2s Set to Boom as Bitcoin Continues to Outperform

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    Crypto Insights
    May 8, 2024
    15 min read
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    Key Takeaways:

    • Bitcoin’s outperformance and popularity heighten the development of Bitcoin Layer 2.

    • Bitcoin Layer 2s are booming, with sidechains dominant at the moment and ZK-rollups playing catch-up.

    • A few first movers might take up more market shares faster than newcomers.

    • Bitcoin Layer 2s are lagging behind Ethereum Layer 2s, but their community and ecosystem have been more vibrant since the introduction of Bitcoin-related protocols and Layer 2s.

    Bitcoin Outperformance Leads to the Popularity of Bitcoin Layer 2

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