Merlin Chain Emerges as Bitcoin's Largest Layer 2, Surpassing $1.2 Billion TVL in Simply Six Months

Singapore, Singapore, September ninth, 2024, Chainwire

Merlin Chain, a revolutionary Layer 2 platform, has achieved unprecedented milestones in simply six months, solidifying its place as the most important Layer 2 within the Bitcoin ecosystem. With a Whole 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 property, fostering liquidity, and driving progressive ecosystem developments.

Since its launch in early 2024, Merlin Chain has grown into the most important 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 property, internet hosting over 80% of all Bitcoin-native asset holders.

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

• Adoption and Community Progress: With speedy TVL development 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.
• Power 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 sturdy ecosystem development, offering the group with progressive providers and liquidity options.
• Honest 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 person expertise, Bitcoin-native asset innovation, ecosystem engagement, and developer instruments. The grant is aimed 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 know-how and multi-token staking Oracle (NYSE:) nodes to boost 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 knowledge integrity and Cobo for superior MPC wallets, making certain that customers have entry to cutting-edge know-how to safeguard their property. Moreover, Merlin Chain established the Merlin Safety Council, which incorporates famend companions like Slowmist and BlockSec, additional fortifying its safety infrastructure.

Trying Forward to 2024

As Merlin Chain continues to steer in Bitcoin Layer 2 innovation, it’s making ready for even larger growth within the second half of 2024. With plans to combine Bitcoin’s newest protocol updates and drive additional development in its ecosystem, Merlin Chain goals to develop into the dominant pressure in Bitcoin-native property, liquidity, and interoperability throughout a number of chains, together with EVM, , 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 doable 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 doable 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 property, protocols, and merchandise on Layer1 by means of its Layer 2 community to Make Bitcoin Enjoyable Once more. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG crew boasting an general market cap exceeding $500 million. The BRC-420 “Blue Field” assortment underneath Bitmap Tech has develop into one of many hottest property on Ordinals.

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

ContactHead of BD and PartnershipJonathanMerlin Chaincontact@merlinchain.com

This text was initially printed on Chainwire