Worldcoin [WLD] Expands to a Layer-2 Blockchain, Promises New Opportunities

Following the upgrade of Worldcoin [WLD] to a Layer-2 blockchain on Ethereum [ETH] mainnet, the chain slowly started to gain momentum.

The Layer-2 scaling solution powered by the Worldcoin (WLD) ecosystem has been slowly gaining momentum following the upgrade of Worldcoin to an Layer-2 blockchain on Ethereum (ETH) mainnet.

As the token slowly started to climb, new developments on the World Chain, and the impact on WLD price and liquidity were discussed.

What happened: The issuer of USDC, Circle, brought its stablecoin rails and CCTP V2 to the Layer-2 scaling solution based on the Worldcoin ecosystem.

This integration will mean USDC can be used on World Chain as a native token.

This might facilitate liquidity and transferring stable-value more easily between dApps running on the chain.

Moreover, Worldcoin’s Total Value Locked (TVL) saw a sharp increase. From a low of $3 million in early May, the protocol’s TVL reached nearly $50 million by June.

The increase showed stronger usage or investment into the protocol, likely supported by stablecoin integration and broader ecosystem participation.

Source: DefiLlama

Additionally, WLD’s DEX volume saw a huge spike since the start of June.

As long as the token remains in the center of the governance or staking models, a rise in TVL could provide mid-term price support; otherwise, the impact could be minimal.

What’s next for WLD price

AMBCrypto’s analysis revealed that WLD failed to stay strong above $1.00, as it broke its rising trendline that had provided a solid support since April.

Trading at $1.094 at press time, WLD’s structure showed it was weak, and bears were in charge unless a powerful rebound took place to regain the trendline.

In the event that $1 could not hold, the next major support area would be around $0.785. This price could become a key demand area, based on the past areas of consolidation.

Additionally, the MACD indicator was in agreement with the bearish momentum, as it was at -0.014, below the signal line, which was -0.003. The histogram was printing red bars, affirming that bears were in control.

This could define death of bullish momentum and a capacity for more downside continuation.

To reverse control back to the bulls, they would need to rise back above the ascending trendline support to nullify the bearish breakdown.

With price testing the psychological support levels, capital inflows related to the ecosystem developments could stabilise the price. However, the technical structure remains cautious unless the $1 level is defended.