Tokens related to Bitcoin layer 2 options have outperformed bitcoin (BTC) because the Bitcoin blockchain’s highly-anticipated mining reward halving took impact early Saturday. STX, the native token of main Bitcoin layer 2 community Stacks, has risen practically 20% to $2.87 since quadrennial halving diminished the per block coin emission to three.125 BTC from 6.25 BTC, in accordance with information supply CoinGecko. Bitcoin, in the meantime, has gained simply over 4.7% to $66,300. STX is among the best-performing high 25 cryptocurrencies of the previous 24 hours, per Velo Information. Different layer 2 cash, like Elastos’ ELA token and SatoshiVM’s SAVM, have risen 11% and 5%, respectively, since halving. Bitcoin layer 2 options are tasks that tackle scalability and transaction velocity limitations on the Bitcoin blockchain. They’re constructed on high of the Bitcoin blockchain and produce scalability by processing transactions off the primary chain.
