Singapore, Singapore, September 9, 2024, Chainwire
Merlin Chain, the revolutionary Bitcoin Layer 2 platform, has achieved unprecedented milestones in simply six months, cementing its place as the biggest Layer 2 within the Bitcoin ecosystem. With a Complete Worth Locked (TVL) exceeding $1.2 billion and bridging transactions exceeding $16 billion, Merlin Chain has redefined the way in which customers work together with Bitcoin, empowering native property, selling liquidity, and supporting modern ecosystem improvement.
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 processed transactions. The platform has additionally turn into the main hub for Bitcoin native property, internet hosting greater than 80% of all Bitcoin native asset holders.
Merlin Chain's notable achievements within the first half of 2024 embody:
- Community adoption and development: With fast TVL development of $3.9 billion inside 50 days of mainnet launch and 1.9 million distinctive addresses, Merlin Chain continues to steer Bitcoin's Tier 2.
- Power in liquidity: Merlin Chain has brokered greater than USD 16 billion in BTC bridged quantity, with USD 1 billion in spot buying and selling and USD 1 billion in persistent buying and selling, securing its place as a key participant in Bitcoin liquidity.
- A thriving ecosystem: Merlin Chain now helps over 200 decentralized functions (dApps) throughout DeFi, BTCFi, gaming, NFT and extra. Main platforms similar to UniCross, Solv Protocol, Avalon Labs and MerlinSwap have contributed to this sturdy ecosystem development, offering modern providers and liquidity options to the neighborhood.
- Truthful token distribution: Token pretty distributed to the neighborhood. $MERL inflation has slowed considerably to simply 0.4% over the subsequent 12 months.
$210 million grant to MERL ecosystem to speed up growth
To additional cement his lead, Merlin Chain began his MERL's $210M Ecosystem Grant Program in June with a deal with enhancing the consumer expertise, innovating Bitcoin native property, participating with the ecosystem and developer instruments. The grant is aimed toward increasing the platform's ecosystem by enabling builders and innovators to contribute to the way forward for Bitcoin's Layer 2.
Technical progress and security
Merlin Chain's dedication to innovation is supported by its superior technical structure. The platform has been carried out ZK-Rollup expertise and multi-token staking Oracle nodes improve safety, scalability and transparency. By integrating options like Babylon and BTC bets/re-betsMerlin Chain is pioneering new methods to optimize returns on Bitcoin native property.
Merlin Chain has additionally partnered with main safety companies similar to Celestia for information integrity and What for superior MPC wallets to make sure customers have entry to the newest expertise to guard their property. As well as, Merlin Chain based Merlin Security Boardwhich incorporates famend companions like Slowmist and BlockSecadditional strengthens its safety infrastructure.
Outlook to 2024
As Merlin Chain continues to steer in Bitcoin Layer 2 innovation, it’s gearing up for even higher growth within the second half of 2024. With plans to combine the newest Bitcoin protocol updates and additional development in its ecosystem, Merlin Chain goals to turn into a dominant pressure in Bitcoin native property, liquidity and interoperability throughout varied chains, together with EVM, Solana and TON.
“We're extremely happy with the progress 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 neighborhood and our modern companions. Wanting forward, we're excited to proceed pushing the boundaries of what's potential for Bitcoin and its Layer 2 ecosystem.”
Customers can learn the complete Merlin Chain 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, the Oracle Decentralized Community and on-chain fraud-resistant BTC modules. Merlin Chain is dedicated to empowering Bitcoin's native Layer 1 property, protocols and merchandise by means of the Layer 2 community to make Bitcoin enjoyable once more. Merlin Chain is a subsidiary product line of Bitmap Tech, a number one OG workforce that boasts a complete market capitalization of over $500 million. The BRC-420 “Blue Field” assortment beneath Bitmap Tech has turn into one of many hottest property on Ordinals.
For extra info, customers can go to the Merlin Chain web site | Twitter | Rivalry
Contact
Head of BD and Partnerships
Jonathan
Merlin's chain
(e-mail protected)
