# BSquared Network (B2) — crypto price, market cap and strength versus Bitcoin > BSquared Network trades at $0.4728 with a market capitalisation of $22.6M (rank 765). Over 90 days it is -5.3% against Bitcoin and sits below its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks. Price readings run through 2026-07-31. ## Agent research brief - What this coin is: BSquared Network (B2), a Layer 2 token of $22.6M at market-cap rank 765. On-chain activity is sourced from protocol + chain TVL. - What the tape says: -5.3% versus Bitcoin over 90 days; below its 200-day average. Layer 2 as a theme is -11.4% against Bitcoin over 13 weeks. - What the evidence supports: 47.8/100 inside Layer 2 on 55% evidence (10% of it native activity). Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. - What is missing: There is no valuation band for any coin on this site: historical market capitalisation is not held, so no PE-style range can be built. BSquared Network does publish total value locked. Theme: Layer 2 (/mla/crypto/sector/layer-2). Price 2026-07-31; market-cap snapshot 2026-07-04. ## Price, returns and risk BSquared Network is +20.8% over one year, -23.6% over 90 days and -8.1% over 30 days. Annualised 30-day volatility is 154%. Its deepest fall from a high inside the last 90 days is 53%. It trades below its 200-day average, which is falling. - Price: $0.4728 - Market cap: $22.6M (rank 765) - Returns: 7d +11%; 30d -8.1%; 90d -24%; 180d -43%; 1y +21% - RS versus Bitcoin, 90d: -5.3% - 30-day volatility: 154% annualised; deepest 90-day fall 53% - 200-day average: $0.6280, trading below it ## Protocol economics BSquared Network publishes 1 of the six network-economics series this site tracks: total value locked. Total value locked at the latest complete quarter is $2M. Network activity is evidence about the protocol, not earnings owed to the token. Readings run to the Q2 2026 quarter. - Total value locked: latest quarter $2.0M; change -93%; covered 10/20 quarters ## Research score BSquared Network: 47.8/100 — Tape-led · on-chain proof incomplete; 16.0 + 13.0 + 10.0 + 8.8 = 47.8; evidence 55%; native evidence 10%; rank 13 of 33 rated Layer 2 coins Decision use: Treat this as a tape-led lead. Require native activity confirmation before upgrading research priority. This weakens if: The read weakens if 90-day RS versus BTC falls below zero with two weekly closes below the 200-DMA, or native activity contracts for two complete calendar quarters. No valuation band exists for any coin on this site: historical market capitalisation is not held, so no company-style valuation range can be built. ## Layer 2 scorecard BSquared Network is one of 48 Layer 2 coins here, 33 of which carry enough evidence to be rated and ranked. BSquared Network ranks 13 of those 33 on 55% evidence. The table below is the theme's own scorecard, in its own order, with this coin marked. - 1. POL (ex-MATIC) (POL): score 69.5; evidence 62%; Illiquid · research only - 2. COTI (COTI): score 64.1; evidence 55%; Illiquid · research only - 3. Capx AI (CAPX): score 56.2; evidence 50%; Illiquid · research only - 4. Prom (PROM): score 55.6; evidence 55%; Illiquid · research only - 5. Celo (CELO): score 53.4; evidence 90%; Illiquid · research only - 6. Aztec (AZTEC): score 52.2; evidence 43%; Illiquid · research only - 7. Linea (LINEA): score 51.2; evidence 100%; Mixed · market gate closed - 8. MegaETH (MEGA): score 49.9; evidence 12%; Illiquid · research only - 9. Sophon (SOPH): score 48.5; evidence 55%; Illiquid · research only - 10. AltLayer (ALT): score 48.2; evidence 12%; Illiquid · research only - 11. Immutable (IMX): score 48; evidence 17%; Illiquid · research only - 12. OpenLedger (OPEN): score 47.9; evidence 12%; Illiquid · research only - 13. BSquared Network (B2) [this coin]: score 47.8; evidence 55%; Tape-led · on-chain proof incomplete - 14. Stacks (STX): score 47.5; evidence 17%; Illiquid · research only - 15. Treasure (MAGIC): score 47.3; evidence 12%; Illiquid · research only - 16. Aevo (AEVO): score 46.6; evidence 50%; Illiquid · research only - 17. Optimism (OP): score 45.7; evidence 100%; Mixed · market gate closed - 18. Metal DAO (MTL): score 43.9; evidence 50%; Illiquid · research only - 19. Mantle (MNT): score 41.7; evidence 64%; Illiquid · research only - 20. Cartesi (CTSI): score 41.2; evidence 50%; Illiquid · research only - 21. ZKsync (ZK): score 41.1; evidence 62%; Illiquid · research only - 22. Loopring (LRC): score 40.7; evidence 55%; Illiquid · research only - 23. PHALA (PHA): score 39.1; evidence 50%; Tape-led · on-chain proof incomplete - 24. Status (SNT): score 37.4; evidence 50%; Illiquid · research only - 25. Nervos Network (CKB): score 37.2; evidence 50%; Illiquid · research only - 26. Lumia (LUMIA): score 36.3; evidence 50%; Illiquid · research only - 27. Orderly (ORDER): score 36; evidence 55%; Illiquid · research only - 28. Manta Network (MANTA): score 35.9; evidence 100%; Lagging · market gate closed - 29. Merlin Chain (MERL): score 34.1; evidence 55%; Illiquid · research only - 30. Taiko (TAIKO): score 33.1; evidence 94%; Lagging · market gate closed - 31. Metis (METIS): score 31.5; evidence 84%; Illiquid · research only - 32. Islamic Coin (ISLM): score 24.1; evidence 55%; Illiquid · research only - 33. Lisk (LSK): score 20.9; evidence 100%; Illiquid · research only ## Limitations - Crypto network activity is not company earnings. Protocol revenue does not automatically accrue to token holders. - Market capitalisation is a dated snapshot, not a point-in-time historical supply series, so yields computed against it inherit that lag. - No valuation band exists for any coin: historical market capitalisation is not held at all. - Funding rates, open interest, liquidations, exchange flows, unlock schedules and developer activity are not held and are not inferred. - The research score is relative to this coin's own theme only. It is not comparable across themes and is not an entry signal. ## FAQs ### What is BSquared Network (B2)? BSquared Network is a Layer 2 cryptocurrency tracked here by price, market capitalisation and strength against Bitcoin, with on-chain activity from protocol + chain TVL. It is one of 48 Layer 2 coins on this site. Readings are as of 2026-07-31. ### What is the market cap of BSquared Network? BSquared Network's market capitalisation is $22.6M, ranking it 765 in the top-1,000 crypto universe. That figure is a dated snapshot from 2026-07-04, refreshed separately from the daily price series, so it can lag the price shown above. ### Is BSquared Network beating Bitcoin? BSquared Network is -5.3% against Bitcoin over 90 days, and its own theme, Layer 2, is -11.4% over 13 weeks. It trades below its 200-day average as of 2026-07-31. ### Does BSquared Network have a P/E ratio? No. There is no company-style P/E or PEG for a crypto token, and no valuation band is shown on this page because the data to build one honestly does not exist: historical market capitalisation is not held, only a current snapshot. Where a protocol publishes fees or revenue, this page shows the yield against that dated snapshot instead. ### What is BSquared Network's research score? 47.8/100 within Layer 2, ranked 13 of 33 rated Layer 2 coins, on 55% evidence: 16.0 + 13.0 + 10.0 + 8.8 = 47.8. It is labelled “Tape-led · on-chain proof incomplete”. The score ranks research attention inside one theme, never portfolio action. ### How much BSquared Network history does this page show? Five years of weekly closes where they exist, plus 20 complete calendar quarters of on-chain activity for the metrics BSquared Network actually publishes. Here that is total value locked. ### Does BSquared Network generate total value locked? BSquared Network's latest quarter total value locked is $2M, down 93.4% on the year-earlier period. Network activity is not token-holder earnings: whether it accrues to the token depends on the protocol's own burn, buyback and distribution rules.