Sat 22 Mar 2025 ▪
5
min read ▪ by
Last year, some dreamed of perverting Bitcoin with flashy NFTs, magical layers 2, and convoluted re-staking. Purists were outraged, arguing that BTC should be left alone. Should we have waited? Clearly yes: today, these crypto whims are almost extinguished. While the fires of innovation crackled, the hype has subsided. But what remains of these promises now vanished?
Bitcoin loses its sparkle: the vanished promises of layers 2 and NFT
In the crypto universe, certain concepts have a habit of dancing and then taking their bow. Such is the case of Ordinals, these Bitcoin NFTs that made wallets vibrate. In 2024, their volume reached 1.4 billion dollars. In 2025? Barely 280 million. A free fall of 80%.
The same fate for Bitcoin’s layers 2: at the…
