Zanyar_98
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    @zanyar_98

    🎯 Bitcoin Ecosystem: Core vs. Sidechains/L2s in Q1 2025

    hexagon

    Flipside AI

    Bitcoin Layer 2 Ecosystem Analysis - Q1 2025

    Transaction Volume Landscape

    Core Blockchain emerges as the clear leader in the Bitcoin Layer 2 ecosystem, with an impressive 36,277,949 total transactions. B² Network follows closely behind with 27,650,259 transactions, demonstrating strong network activity.

    Total Value Locked (TVL) Insights

    The TVL metrics reveal a concentrated market structure:

    • Core Network: $531.6M (Market Leader)
    • B² Network: $302.8M (Strong Second Place)
    • Bitlayer: $239.35M
    • Rootstock: $180.9M (Lowest TVL, Potential Growth Opportunity)

    User Adoption Trends

    Unique Addresses Growth:

    • Core Blockchain: 11,000,172 new addresses
    • BounceBit: 623,713 addresses
    • Emerging chains like Merlin and Rootstock show modest but steady growth

    Key Observations

    The Bitcoin Layer 2 landscape in Q1 2025 is characterized by:

    • Concentrated market leadership
    • Significant transaction volume variations
    • Emerging ecosystem with rapid user onboarding
    • High volatility in Total Value Locked

    Standout Performers

    1. Core Blockchain: Dominates across transactions, TVL, and unique addresses
    2. B² Network: Consistent performer with strong metrics
    3. Bitlayer: Shows potential with significant transaction volumes and user activity

    TVL Comparison
    Transactions Comparison
    Addresses Comparison
    Chains Overview
    Disclaimer: Flipside AI is here to help but it can make mistakes. Always review outputs and use the upvote/downvote buttons to help us improve. This content is not financial advice.