Data sourced from TVL aggregator DefiLlama shows that as of July 1st, 2024, the total value locked (TVL) for Bitcoin L2s sits over $1 billion. Also, according to DeFiLlama data, Bitlayer has surged to the top of the leaderboard with a monthly increase of over 57%, now accounting for 31.09% of the TVL in this sector. Merlin follows in second place with a 28.96% share, while Rootstock secures the third spot with a 14.31% share. Additionally, BSquared, CORE, and Stacks are hot on their heels, each holding a significant share of 6.75%, 6.34%, and 6.31% respectively.