Galaxy: Number of Bitcoin L2 Projects Increases ~7x from 10 to 75 by 2021

Galaxy disclosed data on the X platform that the number of Bitcoin L2 projects has increased about 7x since 2021, from 10 to 75. Since 2018, Bitcoin L2 has received $447 million in investments, a trend that is changing the utility of BTC. Additionally, Bitcoin L2 projects have seen unprecedented growth, receiving 36% of venture capital funding in 2024 alone. It is projected that by 2030, more than $47 billion worth of BTC could be accessing L2 to power DeFi, homogenised tokens, payments, and more.