Bitcoin

Stacks

<ul><li>STX leads the market with a 20% increase as Layer 2 tokens significantly outperform Bitcoin following the network&#39;s scheduled halving, which reduced mining rewards.</li><li>The recent Bitcoin halving has resulted in a sharp increase in transaction fees, reaching the highest rate since early 2018, spurred by the introduction of the Runes protocol.</li><li>Other Bitcoin Layer 2 tokens, including ELA and SAVM, have also shown robust performance gains, enhancing transaction scalability and speed.</li></ul>Bitcoin Layer 2 tokens have demonstrated remarkable performance following the latest Bitcoin halving event, which took place early on Saturday. The halving, a scheduled reduction in the mining reward, decreased the number of Bitcoins generated per block from 6.25 BTC to 3.125 BTC.Per data from CoinGecko, <a href="https://www.coingecko.com/en/coins/stacks" rel="noopener noreferrer nofollow">STX</a>, the primary token of the Stacks network—a prominent Bitcoin Layer 2 solution—has seen a significant increase of nearly 20% to $2.87. This surge positions STX as one of the top performers among the leading 25 cryptocurrencies over the past 24 hours, according to <a href="https://velodata.app/" rel="noopener noreferrer nofollow">Velo Data</a>. Other tokens associated with Bitcoin’s Layer 2 solutions, including Elastos’ ELA and SatoshiVM’s SAVM, also posted gains of 11% and 5%, respectively.These projects are designed to enhance the scalability and speed of transactions on the Bitcoin blockchain by processing transactions off the main chain. In comparison to these layer 2 solutions, Bitcoin only saw a surge of just over 4.7% to a value of $66,300<a href="https://cryptotale.org/layer-2-tokens-surge-following-bitcoin-halving-stx-up-by-nearly-20/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Layer 2 Tokens Surge Following Bitcoin Halving; STX Up by Nearly 20%

CryptoTale

2024년 4월 22일에 게재된 다른 기사

Latest Market Overview 4th March: SPX, DXY, BTC, ETH, BNB, SOL, XRP, ADA, DOGE, AVAX

Twelve million dollars was raised by the Shiba Inu team.

Bitcoin-Linked Canaan Stock Is Moving Higher Monday: What's Going On?

Justin Sun Bags over $405 Million in Ethereum (ETH) in Days

Bitcoin halving shows new users that ‘code is ultimately the law’ in crypto

Shiba Inu Capitalizes on Bitcoin Halving

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!