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Market
Will total value locked in Bitcoin Layer 2 and sidechain networks reach $2 billion by March 31, 2025?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Data from blockchain analytics platforms like DeFi Pulse or DappRadar
Story
Bitcoin Market Dominance Hits Three-Year High, Surges to 58.47% and 54.2% 5-Month High
Sep 18, 2024, 02:46 PM
Bitcoin's market dominance has surged to its highest level in three years, reaching a market cap of 58.47% of the total cryptocurrency market. This increase is attributed to positive cumulative volume delta (CVD) on US exchanges during sell-offs and the launch of spot ETFs. Additionally, Bitcoin's dominance over the top fifty altcoins by market cap has reached its highest level since prices last approached all-time highs in March. Bitcoin dominance also hit a 5-month high of 54.2%. The total value locked in Bitcoin Layer 2 and sidechain networks has surged to $1.31 billion, with Core and Bitlayer Labs holding 56% of this value. Over $500M in total value has been bridged to Bitlayer Labs.
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Yes • 50%
No • 50%
Less than $10 million • 25%
$10 million to $50 million • 25%
$50 million to $100 million • 25%
More than $100 million • 25%
