Bitcoin Layer 2 concept currency skyrocketed! STX, RIF, and CKB ranked among the top in terms of gains

Bitcoin continued yesterday's rise today, reaching $52,500 around 8 a.m., setting its highest price since the end of November 2021.

The strong rise of Bitcoin has attracted market attention to the development of the Bitcoin ecosystem, especially the topic of Bitcoin L2. Recently, leading projects such as Stacks ($STX) and Nervos Network ($CKB) have been discussed by the market and community, while projects such as MerlinChain (Merlin Chain) and B Square have also attracted much attention because they provide opportunities for ambush airdrops.

Stacks($STX) has risen nearly 27% in the past 24 hours

CoinGecko data shows that Stacks($STX) has risen 26.9% in the past 24 hours and has risen 62.3% in the past week. The price before publication is US$2.67, and the total market value has reached US$3.843 billion.

Stacks is a second-layer network that supports the deployment of decentralized applications (DApps) and smart contracts on Bitcoin. The mainnet will be launched in 2021, using the Clarity smart contract language. Its unique PoX (Proof of Transfer) consensus mechanism allows users participating in the consensus to earn Bitcoin rewards by locking their native token STX. STX is the first cryptocurrency to be recognized by the SEC in the United States.

Stacks’ ecosystem is constantly growing, with new projects emerging such as Alex (DEX), Arkadiko (CDP, debt-collateralized positions), and StackingDAO (liquidity staking). According to the official announcement, the number of Stacks wallets increased by 20% in just 2 months. Additionally, Stacks’ total value locked (TVL) has also increased significantly recently. According to data from DefiLlama, Stacks’ TVL increased by 17.68% in the past 24 hours, reaching $8.811 million. This shows the recent popularity of the project.

Nervos Network ($CKB) soared 63% in the past 24 hours

According to data from CoinGecko, Nervos Network’s rise is very violent. In the past 24 hours, the price of $CKB has surged 63%, doubling for two weeks in a row. The price of $CKB has increased by 316.8% in the past month. Before the deadline, the price of $CKB was temporarily quoted at 0.01377 US dollars, with a total market value of nearly 600 million US dollars, and it has also successfully squeezed into the top 125 major currencies.

Nervos Network was founded by a Chinese team in 2018. It insists on making Bitcoin L2 with PoW consensus mechanism and UTXO model (which is improved to Cell model, which can realize smart contract functions), which is consistent with the infrastructure of Bitcoin. Helps maintain compatibility and security with the Bitcoin ecosystem.

Officially released the RGB protocol on the 13th, which is an extension protocol based on RGB (Really Good Bitcoin) and aims to improve the scalability and flexibility of Bitcoin without compromising its security.

The official released last year’s annual report at the end of last month, and more detailed information can be obtained.

$RIF has soared nearly 52% in the past 24 hours

Also experiencing a surge is Rootstock Infrastructure Framework ($RIF). CoinGecko data shows that $RIF has soared 51.8% in the past 24 hours. It rose 75.2% in 7 days and was temporarily trading at US$0.2309 at the time of writing, with a total market value of US$230 million.

Rootstock Infrastructure Framework is the third layer on top of Bitcoin, providing a set of open standards and developer tools to facilitate faster and easier building and deployment of decentralization in the Bitcoin ecosystem Applications (dApps).

The native token $RIF is used to pay for services on the platform, such as domain name system (RNS), storage, communication and other services. These services are designed to provide developers with the necessary infrastructure to operate on the Bitcoin network. Create other applications on.

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