Tiger Research: Citrea has proven its tech, user acquisition is next

Asian Web3 research and consulting firm Tiger Research has concluded that Bitcoin Layer 2 project Citrea has successfully proven its technical capabilities and must now focus on user acquisition. In a new report, the firm stated that Citrea has validated its Zero-Knowledge (ZK) technology by launching a live mainnet. The analysis highlighted that unlike most Bitcoin L2s, Citrea utilizes BitVM to enable direct verification by the Bitcoin mainnet. According to the report, this technical strength was the reason it secured investment from Founders Fund, a firm led by PayPal co-founder Peter Thiel. While Citrea is still in its early stages, the report argued that an ecosystem requires users, comparing the situation to a well-paved road that is nothing more than empty asphalt without cars. "Citrea now needs to find drivers to take to the road," the analysis concluded.