The essence of Layer 2: a carnival of interests between VCs and exchanges
Bitlayer's $25 million financing and its partnership with Binance expose the truth about L2:
Typical case:
Bitlayer's 'Booster Airdrop' is essentially user data collection, with Binance using this to target financial product promotions;
The economic model of BTR tokens has not been disclosed, and institutions like Polychain may monopolize over 30% of the share, replicating the Celestia launch crash scenario.
A new scheme emerges, allowing people to create value for BTC. The initial excitement around BTC inscriptions was fueled by miners; now, without miner support, there isn't much funding, so what else can it rely on to rise?
