November 2024 Chains Report: Historic Bitcoin Rally Leads Market-Wide Surge

November 2024 saw Bitcoin surge 39.0% to $96,427 and Ethereum gain 47.8% to $3,711, lifting total blockchain market cap 41.1% to $2.8 trillion. Bitcoin Layer 2s reached $2.4 billion TVL (up 34.6%), with Core hitting $894.5 million and expanding to 37.4% market share after its Dual Staking upgrade. Ethereum Layer 2 TVL reached $27.5 billion, with Arbitrum leading at $11.3 billion and Base surpassing Optimism at $5.1 billion.