Bitcoin L2 Market

Categorization and characteristic use cases

Good morning.
This is mitsui from web3researcher.

Today's report is on the Bitcoin L2 Market.

"Table of Contents"
📕TL;DR
1️⃣Base Chain
2️⃣Rollup
3️⃣DA
4️⃣Others
🧵Summary and Discussion｜BTC ecosystem is growing rapidly, taking over ETH's evolution

📕TL;DR

The chaos map created by Coin98 Analytics was the most comprehensive and is posted here.

A large number of projects have already been created, more than we could have imagined. I was going to summarize them all, but it would take too long to explain them one by one, so I will do so another time and focus on four characteristic categories in this article. (The classification is not based on MECE, but rather on the order of interesting use cases.)

1. Basic Chain

2. rollup

3. DA

4. Other

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1️⃣ base chain

-1)BVMecosystem

The BVM, Bitcoin's L2 creation kit, and the chains built on it.

• Summary: The first modular blockchain meta-protocol that allows you to launch your own Bitcoin L2 blockchain protocol with a few clicks, providing a foundation for building your own blockchain as L2 as a Service.

• Category: Infrastructure

• Sub Category: Development Kits / L2 as a Service

• Tokens: $BVM, $SHARD

• TGE: February 2024

• EVM compatible: ○

○ETERNALAI

• Summary: On-chain AI-focused chain built on BVM, with powerful infrastructure for building AI-powered smart contracts.

• Category: L2 (Optimistic Rollup)

• Subcategory: Domain-specific chains

• Main Net Launch: April 2024

• Token: $EAI

• TGE: March 2024

• EVM compatible: ○

○NakaChain

• Summary: DeFi specialized chain built on BVM. All kinds of DeFi transactions are possible, including swaps, staking, launchpads, etc.

• Category: L2 (Optimistic Rollup)

• Subcategory: Domain-specific chains

• Main Net Launch: January 2024

• Token: $NAKA

• TGE: June 2024

• EVM compatible: ○

BitcoinArcade

• Summary: GameFi specialized chain built on BVM. The first ever fully on-chain game blockchain on Bitcoin.

• Category: L2 (Optimistic Rollup)

• Subcategory: Domain-specific chains

• Main Net Launch: 2024.03

• Token: $ARCA

• TGE: 2024.06

• EVM compatible: ○

○Alpha

• Summary: A decentralized social networking Dapp chain built on BVM and called Alpha. Earn daily airdrops for exchanges and games.

• Category: Dapp Chain

• Type：Optimistic Rollup

• Main Net Launch: June 2023

• Token: ?

• TGE:?

• EVM compatible: ?

-2)BitVMecosystem