B2 (BSquared Network) rose 30.32% in 24 hours

Gate News Bot news, on October 24, according to CoinMarketCap, as of the time of writing, B2 (BSquared Network) is currently priced at $2.06, with a 30.32% rise in the last 24 hours, reaching a high of $2.06 and a low of $1.55. The current market capitalization is approximately $96.8 million, which is an increase of $2.25 million compared to yesterday.

B2 is a leading Bitcoin scaling network with 10.85 million addresses and a total locked value of $732 million. The core infrastructure of the B2 network includes B2 Rollup and B2 Hub. B2 Rollup is a fast, low-cost Bitcoin Layer 2 network that is fully EVM-compatible, protected by ZK proofs and Taproot. B2 Hub is a Bitcoin 1.5 layer, featuring modular application sharding and signal proofs (PoSg). The platform provides top Bitcoin mining and DeFi services that automatically convert computing power into earnings for BTC holders and miners, boasting over 5000 BTC and 580,000 users, with an annual yield of 3-10%.

Important news about B2 recently:

1️⃣ Technical upgrades drive network performance improvements The B2 network has recently completed an important technical upgrade, further optimizing its performance as a Bitcoin scaling network. This upgrade mainly focuses on two core infrastructures: B2 Rollup and B2 Hub, improving transaction processing speed and network throughput while reducing transaction costs. This technological advancement is expected to attract more developers and users to join the B2 ecosystem.

2️⃣ The DeFi ecosystem continues to expand The decentralized finance (DeFi) ecosystem of the B2 platform is rapidly developing. The platform has attracted a large number of BTC holders and miners to participate, with a total locked value (TVL) reaching $732 million and the number of users exceeding 580,000. The annual yield provided by the platform ranges from 3% to 10%, and this attractive yield level helps to continuously attract new users and capital inflow.

3️⃣ Increase in Market Recognition With the continuous advancements in technology and applications of the B2 network, its recognition in the cryptocurrency market is significantly increasing. Currently, B2 has 10,850,000 addresses, indicating a rapidly expanding user base. This rise trend reflects the market's confidence in B2 as a Bitcoin scaling solution, which may be one of the important factors driving the recent price pump.

From a technical perspective, after the B2 price broke through the 2 dollar threshold, it continues to maintain a strong pump momentum, and may face some profit-taking pressure in the short term. However, considering the ongoing improvement in its fundamentals, the medium to long-term trend is still worth paying attention to.

This message is not intended as investment advice; investors should be aware of market volatility risks.