Summary
TLDR: Tokens associated with Bitcoin layer 2 solutions, like STX, have outperformed Bitcoin since the recent mining reward halving. STX has risen nearly 20% while Bitcoin has gained just over 4.7%. Other layer 2 coins, like ELA and SAVM, have also seen gains. Layer 2 solutions address scalability and transaction speed limitations on the Bitcoin blockchain by processing transactions off the main chain.
Key Points
1. Tokens associated with Bitcoin layer 2 solutions, such as STX, have outperformed Bitcoin (BTC) since the Bitcoin blockchain’s mining reward halving.
2. STX, the native token of leading Bitcoin layer 2 network Stacks, has risen nearly 20% to $2.87 following the reduction in block coin emission to 3.125 BTC.
3. Other layer 2 coins, like Elastos’ ELA token and SatoshiVM’s SAVM, have also seen price increases since the halving event, showcasing the growing interest in scalability solutions for the Bitcoin blockchain.