Bitcoin Layer-2 Networks Thrive After Halving: Stacks, Elastos, SatoshiVM Outperform
Monday, 22 April 2024, 20:30
Bitcoin Layer-2 Networks Thrive After Halving: Stacks, Elastos, SatoshiVM Outperform
Post-April 20 Bitcoin halving witnessed Layer-2 networks such as Stacks, Elastos, and SatoshiVM outperforming Bitcoin, indicating substantial scalability upgrades.
Key Points:
- Performance Surge: Stacks' STX token surged over 21.36% post-halving, reaching $2.95.
- Layer-2 Tokens: Elastos' ELA and SatoshiVM's SAVM also saw upticks in prices, highlighting the importance of Layer-2 projects in enhancing network efficiency.
- Transaction Fees Spike: Bitcoin's transaction fees soared after the halving due to increased activity associated with the launch of the Runes token standard.
The rise of Layer-2 solutions like Stacks, Elastos, and SatoshiVM underscores the significant potential to revolutionize Bitcoin transactions and scalability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.