The latest L2 headlines and newsmakers rolled-up and served fresh!

📌 May 2024

Updated: @May 20, 2024

Price Tracker (Updated on May 20)

⚡️ Headlines

• OKX has announced a strategic investment in Bitlayer, an L2 based on BitVM
• Internet Computer-Based 'Bitfinity EVM' Launches as Bitcoin L2, Supports Runes - CoinDesk
• Botanix Labs’ Spiderchain raises $8.5M from polychain capital, others - CoinDesk

✨ New Projects Spotlight

• Nubit entered our radar with the extremely promising sneak preview of their demo on UniSat wallet - Source

🔥 Top Explainers

1. Understand Snarks on Bitcoin by @sxddnt

S·ddant on Twitter / X

SNARKnado: ELI5 & Why It’s Important to BitcoinLast week, @AlpenLabs announced SNARKnado — a new paradigm for verifying “SNARKs” on bitcoin (based on BitVM). A thread on what all of that means and the wonderful things it unlocks on bitcoin 🧵 pic.twitter.com/o4pyEBNI3w— S·ddant (@sxddnt) May 14, 2024



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2. OPCAT breakdown by @neil_xbt

NeilXbt on Twitter / X

Originally part of Bitcoin's scripting arsenal, this operation code has sparked new discussions on its potential revival.Here's the breakdown on $OPCAT 🧵👇 pic.twitter.com/isARwbkYYY— NeilXbt (@neil_xbt) May 3, 2024



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