Bitcoin Layer2 ecosystem welcomes significant breakthroughs
After the Bitcoin halving, market attention has shifted to the development of its Layer2 ecosystem. The Stacks network's TVL surpassed $150 million, reaching an all-time high; the Merlin Chain mainnet has locked up $2 billion in just one month. Lightning Network payment volume increased by 400% year-on-year, with the number of supported merchants exceeding 150,000. In terms of technological innovation, the RGB++ protocol has implemented Bitcoin smart contract functionality, and BitVM has proposed a minimized trust cross-chain solution for Bitcoin. However, Bitcoin L2 still faces challenges such as insufficient decentralization and poor user experience. Analysts predict that over $500 million in venture capital will flow into Bitcoin ecosystem construction in the next six months.