Major Layer-2 tokens may have reached the bottom this week following the bear sentiment in the broader crypto market, as CoinMarketCap’s Fear-and-Greed Index has just slipped to “extreme fear.” The dedicated Layer-2 category is worth about $14.1 billion and is down roughly 2% over the last 24 hours, underperforming blue-chip coins.
This pullback comes after a strong Q3 where total crypto market cap briefly touched the $4 trillion mark, before cooling in Q4 as traders took profits and rotated back into Bitcoin and stablecoins. That reset has left many infrastructure plays, including Layer-2s, trading well below recent highs even as on-chain usage trends remain healthy.
But rotations shortly prior to the latest global crypto bear swing could mean the L2 sector is undervalued. A clear catalyst for a fresh Layer-2 leg higher could be a decisive Bitcoin rebound combined with continued growth in real-world DeFi, stablecoins, and tokenized assets on networks like Mantle, Arbitrum, and Polygon. If BTC regains momentum, high-beta L2s typically move first.
Despite the price weakness, presales tied to this infrastructure narrative keep attracting capital. Among the campaigns raising eight figures, Bitcoin Hyper (HYPER) , a Bitcoin-focused Layer-2, is already nearing $28 million. With its mainnet launch window approaching and a strong Layer-2 story around Bitcoin itself, could the analysts who now see Bitcoin Hyper as the next 100x crypto be right?
Layer-2 Market Stays Bearish, but Usage Metrics Tell a Different Story
The latest data paints a split picture. The total crypto market cap is down about 0.6% on the day, while the Layer-2 basket has slipped around 2%, with daily trading volume near $2.1 billion across leading L2 tokens. Risk appetite is clearly constrained, yet on-chain activity is not collapsing in the same way prices are.
Mantle (MNT) shows this dynamic well. The token trades around $1.20, after dropping more than 7% over the last week, and has broken below key moving averages around $1.25 to $1.45. Traders now watch resistance in the high $1.20s as a potential trigger for a short-squeeze if broader conditions improve.
Polygon data from CoinMarketCap also paints a clear picture of the disconnect between price and usage. Monthly peer-to-peer transfer volume on Polygon recently hit about $5.06 billion, with year-to-date P2P volume up roughly 130%. That is a huge jump in real money moving across the network, not just speculative token churn.
Low fees, deep liquidity, and integrations across FinTech and DeFi rails help explain why users keep choosing solutions like Polygon for payments. If this kind of fundamental growth persists while prices stay compressed, it sets the stage for a powerful catch-up move in Layer-2 valuations, which is exactly the backdrop Bitcoin Hyper’s Layer-2 narrative is tapping into.
Bitcoin Hyper Layer-2: High-Speed BTC Scaling Meets Meme Energy
Bitcoin Hyper (HYPER) is pitched as a Bitcoin Layer-2 that brings Solana-style speed to the Bitcoin ecosystem without compromising on security. It uses a Solana Virtual Machine (SVM) execution layer combined with a canonical BTC bridge and zero-knowledge proofs to deliver fast, low-fee transactions and full smart contract support on top of Bitcoin.
On Bitcoin Hyper’s next-gen chain, users can send and receive BTC with near-instant finality, trade on DEXs, stake, or interact with DeFi apps, before eventually settling back to Bitcoin Layer 1 through a trustless withdrawal process. On every step of the journey, the solution is powered by the HYPER token, which covers gas fees, while also being the basis for staking rewards and granting holders governance rights.
The project is a refreshing blend of meme coin culture and serious infrastructure, with tokenomics that allocate sizeable chunks to development, rewards, and listings to support long-term ecosystem growth. While its meme-design drives vitality, the development remains focused on the network, tooling, observability, and rollup infrastructure, which are often overlooked but critical for a working L2.
In a recent YouTube review of HYPER , analyst Alessandro De Crypto walked through the latest website upgrade, presale metrics, and architecture, arguing that the combination of a Bitcoin-settled SVM rollup, strong community traction, and a crowded launch window could result in an “insane” debut. He points to prior narrative-aligned launches and suggests that, if liquidity cooperates, Bitcoin Hyper has a realistic path to 100x upside after listing.
Why Bitcoin Hyper’s $27.8M Raise Fuels 100x Talk
According to fresh presale reports dated November 17, Bitcoin Hyper has raised over $27.8 million , with the current token price at $0.013285. That puts it among the largest active crypto presales in 2025 and signals sustained demand even as the broader market chops sideways. Articles from less than a week ago still referenced totals around $26.9–27.0 million, highlighting how quickly the raise has accelerated.
The project’s staking program is another pillar of the bullish thesis. Recent coverage cites staking yields of up to 41% APY during the current phase, still far above most established Layer-2 rewards. That combination of high but moderating APY and a growing staked base supports the idea of committed holders going into launch.
On-chain data backs up the “smart money is circling” narrative. An Ethereum transaction tracked on Etherscan shows a single whale purchase of roughly $500,000 worth of HYPER. Meanwhile, the project’s own dashboard displays hundreds of new buyers joining the presale every day.
All this is playing out while Layer-2 valuations look reset after sharp drawdowns, and analysts map out scenarios in which a revived BTC uptrend supercharges scalable infrastructure tied directly to Bitcoin. Against that backdrop, a Bitcoin-native Layer-2 with $27.8 million already committed could have a credible claim to the “next 100x crypto” label ahead of launch.
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