2024: 48,000 Additional BTC Supplied on Layers
BTC on Bitcoin Layers increased by about $4.7B
Hi Bitcoin Builders,
Happy New Year! We set out to pick one statistic to summarize 2024 in the Bitcoin Builder world.
We landed on the following metric, supported by Bitcoin Layers: 48,000 New BTC were supplied on Layers in 2024.
2024 started with about 227,000 BTC supplied on Bitcoin Layers. We ended the year with about 275,000 BTC supplied. At current prices, this is about 4.7 billion dollars.
Looking further into the data, things get more interesting.
Bitcoin holders supplied more BTC to BTC layers, AND it was spread over far more players than at the beginning of the year. Most notably, BitGO WBTC started the year with about 158,000 BTC, and it ended the year with 132,0000 BTC.
While WBTC decreased, other Bitcoin Layers increased.
Will this trend continue in 2025?
News
Here’s a collection of 2024 summaries from various Bitcoin Layers, h/t to CryptoMemento’s article.
Core DAO shares a 2024 summary, noting over 6,500 BTC staked.
Bitlayer shares a 2024 summary, noting $725M+ total value locked.
BOB’s founder, Alexei, shares a summary of Bitcoin DeFi and BOB.
Stacks’ founder, Muneeb, shares a 2024 summary and 2025 priorities, including the launch of sBTC.
Rootstock shares its 2025 Roadmap.
Blockspace Media highlights one of its top stories for 2024: “OP_CTV re-emerges as popular frontrunner in soft fork discussion.”
More News
Avalon Labs announces the launch of USDa on BOB.
Bitcoin Layers reviews Corn, “a permissioned rollup that leverages a derivative of BTC as its gas token.”
Other
Bitcoin hashrate hits an all-time high.
There is a lot of speculation on a Bitcoin Strategic Reserve. Polymarket gives it a 23% chance.