Crypto Derivatives Trading Briskly

Posted on 11/28/2023

Bitcoin and some other cryptocurrencies come in layers. Layer 2 is an off-chain network built on a layer 1 network that helps extend the underlying base layer network. Higher transaction throughputs are one benefit. Tokens that have layer 2 projects exceed a market size of US$ 14 billion. These layer 2 projects are increasing in value, some doubling in a month. They generally trade for a low price, and are naturally below the highs of 2021. However, layer 2 tokens provide another data point from which the popularity of a cryptocurrency can be gauged.

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