Merlin Chain Emerges as Bitcoin’s Largest L2, Surpassing $1.2B TVL in Simply Six Monthss

Singapore, Singapore, September ninth, 2024, Chainwire

Merlin Chain, a revolutionary Bitcoin Layer 2 platform, has achieved unprecedented milestones in simply six months, solidifying its place as the biggest Layer 2 within the Bitcoin ecosystem. With a Complete Worth Locked (TVL) surpassing $1.2 billion and bridge transactions exceeding $16 billion, Merlin Chain has redefined how customers work together with Bitcoin, empowering native belongings, fostering liquidity, and driving progressive ecosystem developments.

Since its launch in early 2024, Merlin Chain has grown into the biggest Bitcoin-native community, with 1.9 million on-chain addresses and over 12.7 million transactions processed. The platform has additionally develop into the main hub for Bitcoin-native belongings, internet hosting over 80% of all Bitcoin-native asset holders.

Merlin Chain’s outstanding achievements within the first half of 2024 embrace:

• Adoption and Community Development: With speedy TVL progress of $3.9 billion inside 50 days of the mainnet launch and 1.9 million distinctive addresses, Merlin Chain continues to steer the Bitcoin Layer 2 house.
• Energy in Liquidity: Merlin Chain has facilitated over $16 billion in BTC bridged quantity, with $1 billion in spot buying and selling and $1 billion in perpetual buying and selling, securing its place as a key participant in Bitcoin liquidity.
• Thriving Ecosystem: Merlin Chain now helps greater than 200 decentralized purposes (dApps) throughout DeFi, BTCFi, gaming, NFTs, and extra. Main platforms reminiscent of UniCross, Solv Protocol, Avalon Labs, and MerlinSwap have contributed to this strong ecosystem progress, offering the group with progressive providers and liquidity options.
• Truthful Token Distribution: Token pretty distributed to the group. $MERL’s inflation slowed considerably, to solely 0.4% within the subsequent 12 months.

210M $MERL Ecosystem Grant to Speed up Enlargement

To additional solidify its management, Merlin Chain launched its 210M $MERL Ecosystem Grant Program in June, specializing in enhancing consumer expertise, Bitcoin-native asset innovation, ecosystem engagement, and developer instruments. The grant is geared toward increasing the platform’s ecosystem by empowering builders and innovators to contribute to the way forward for Bitcoin Layer 2.

Technical Developments and Safety

Merlin Chain’s dedication to innovation is supported by its superior technical structure. The platform has applied ZK-Rollup expertise and multi-token staking Oracle nodes to reinforce safety, scalability, and transparency. By integrating options like Babylon and BTC Staking/Restaking, Merlin Chain is pioneering new methods to optimize Bitcoin-native asset yields.

Merlin Chain has additionally partnered with main safety companies reminiscent of Celestia for information integrity and Cobo for superior MPC wallets, making certain that customers have entry to cutting-edge expertise to safeguard their belongings. Moreover, Merlin Chain established the Merlin Safety Council, which incorporates famend companions like Slowmist and BlockSec, additional fortifying its safety infrastructure.

Wanting Forward to 2024

As Merlin Chain continues to steer in Bitcoin Layer 2 innovation, it’s getting ready for even higher enlargement within the second half of 2024. With plans to combine Bitcoin’s newest protocol updates and drive additional progress in its ecosystem, Merlin Chain goals to develop into the dominant drive in Bitcoin-native belongings, liquidity, and interoperability throughout a number of chains, together with EVM, Solana, and TON.

“We’re extremely happy with the strides we’ve made in such a short while,” mentioned Jeff, Founding father of Merlin Chain. “Our success wouldn’t be potential with out the assist of our group and our progressive companions. As we glance forward, we’re excited to proceed pushing the boundaries of what’s potential for Bitcoin and its Layer 2 ecosystem.”

Customers can learn Merlin Chain’s full report right here: https://drive.google.com/file/d/1PtDSlqIHxAC1eiQXI2vB7DRTSXI-NQR_/view?usp=share_link

About Merlin Chain

Merlin Chain is a Bitcoin Layer 2 that integrates the ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud-proof modules. Merlin Chain is dedicated to empowering Bitcoin’s native belongings, protocols, and merchandise on Layer1 by its Layer 2 community to Make Bitcoin Enjoyable Once more. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG workforce boasting an total market cap exceeding $500 million. The BRC-420 “Blue Field” assortment underneath Bitmap Tech has develop into one of many hottest belongings on Ordinals.

For extra data, customers can go to Merlin Chain’s Web site | Twitter | Discord

Contact

Head of BD and Partnership
Jonathan
Merlin Chain
[email protected]