Bitcoin Layer 2 tokens have outperformed BTC in the aftermath of the recent halving event, with gains ranging from 5% to 20%. Stacks (STX) emerged as a standout, witnessing a nearly 20% increase in its value. The overall market cap for Bitcoin Layer 2 solutions has risen to $4.3 billion, with a notable surge in trading volume. In contrast, Bitcoin itself saw a modest increase of over 4.5% since the halving, experiencing significant volatility in the process. Other Layer 2 tokens like Elastos' ELA and SatoshiVM's SAVM also saw gains. The halving event led to a spike in Bitcoin transaction fees, reaching over six times the average rate the day before, attributed to the launch of the Runes Protocol and increased trading activity. However, fees have since decreased.