The Bitcoin Layer-2 manager explained how Bitcoin narratives that were “exaggerated” have now completely disappeared when the ecosystem is developing.
In the interview with Cointelegraph, Bitlayer co -founder Charlie Hu presented three Bitcoin narratives, which in his opinion were exaggerated. This included narratives surrounding cleaning, layer-2 and re-stop.
According to HU, one of the excessive narratives in Bitcoins were non -financial tokens (NFTS). The manager told Cointelegraph that while the inscriptions could “on the moon”, Hu said that the era “completely disappeared”.
Kryptozala data can be seen That in the first quarter of 2024 Bitcoin NFTS was $ 1.4 billion. In 2025, the volume is only $ 280 million, which shows a decrease in 80%. The manager believes that 1000 times Bitcoin NFT days may end and that people can no longer expect similar “crazy” price results.
Does the Bitcoin-2s layer end up the couples?
In addition to Bitcoin NFT, Hu told Cointelegraph that the noise around the Bitcoin layer-2 layer and Bitcoin’s re-shot also fell among Venture Capital investors.
Hu told Cointelegraph that at least 80 layer networks were aimed at financing at the beginning of 2024, when the narrative of layer 2 was robust. The manager said that many projects gave their ideas to investors, media and various communities. Hu said that when there was a buzz, “it ended definitely.”
Many other cryptographic managers and entrepreneurs resonate with the HU point of view about the dying noise around the ecosystems of the layer 2. February 20 co -founder Stacks Maneeb Ali said that the “phase of the Honeymoon” for the Bitcoin layer 2S is over. The management said that most projects would cease to exist when their initial excitement disappears.
Meanwhile, Hu also told Cointelegraph that the third “exaggerated” narrative was to stop Bitcoins again. Hu told Cointelegraph that there are only 2 to 3 projects at the moment that survived at the top of the narrative noise phase in 2024.
While some of the captured narratives began to disappear, Hu believes that there are many things that can be expected in the growing Bitcoins ecosystem. The management said that although layer-2 is a great narrative, they perceive it more as an engine that powers the Bitcoin (DEFI) financial ecosystem, which can allow owners to examine the possibilities. Hu said CointeLgraph:
“Bitcoin-ferry-2 layer provides architecture as a programmable type of infrastructure that could ensure the profitability to owners of whales or institutions.
Related: Bitcoins variability will reach 3.6% among increased market uncertainty
Bitcoin DEFI has not yet started
Meanwhile, Dominik Harz, a co -founder of the hybrid layer 2, is built on Bitcoin (Bob), said Cointelegraph that the bitcoin layer should be seen as a long -term game.
“Looking at the Bitcoin-2 layer through a short-term lens, it doesn’t make sense. The noise cycles come and go, but indefinite achievements in cryptography, like Bitcoin himself, are by nature long-term art,” Harz said.
The manager also believes that Bitcoin Defi has not yet reached full potential. “Bitcoin DEFI has not really started. We are very early. Only 0.3% of Bitcoin market capitalization is currently lively in DEFI compared to 30% for Ethereum,” said Harz Cointelegraph.
Harz noticed that it was a 100 -time discrepancy, saying that it would fall violently as Bitcoin Defi exploded. The management also said that layer-2 are necessary technological progress for DEFI bitcoins to hit the market.
Max Sanchez, director of the Layer-2 HEMI Labs technology technology, also believes that the bitcoin layer does not lose their pair.
The manager told Cointelegraph that the space enters the maturation phase in which the basics matter. Sanchez said that many early projects in the Bitcoin Layer-2 space brought technology from Ethereum without adapting it to the unique Bitcoin architecture “in a way that really expands Bitcoin.”
Sanchez, who is working on a hybrid project connecting to Ethereum, also said that building a layer 2 in one silo and resignation with interoperability with protocols based on Ethereum is a “false concept”.
https://www.youtube.com/watch?v=fwo0HW_94A4
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