Singapore, Singapore, September 9, 2024, Chainwire

In simply six months, Merlin Chain, the revolutionary Bitcoin Layer 2 platform, has achieved unprecedented milestones, solidifying its place because the Bitcoin ecosystem's largest Layer 2. With over $1.2 billion in Whole Worth Locked (TVL) and greater than $16 billion in bridge transactions, Merlin Chain is redefining how customers work together with Bitcoin, enhancing native property, facilitating liquidity, and driving progressive ecosystem improvement.

Since launching in early 2024, Merlin Chain has grown to turn out to be the biggest Bitcoin-native community, boasting 1.9 million on-chain addresses and processing over 12.7 million transactions. The platform has additionally turn out to be the main hub for Bitcoin-native property, internet hosting over 80% of Bitcoin-native asset holders.

Merlin Chain's notable achievements within the first half of 2024 embrace:

• Recruitment and community developmentWith a fast development of $3.9 billion in TVL and 1.9 million distinctive addresses inside 50 days of mainnet launch, Merlin Chain continues to guide the Bitcoin Layer 2 area.
• Liquidity Power: Merlin Chain has established itself as a significant participant in Bitcoin liquidity, facilitating over $16 billion in BTC bridge transactions, together with $1 billion in spot buying and selling and $1 billion in perpetual buying and selling.
• A Thriving Ecosystem: Merlin Chain presently helps over 200 decentralized functions (dApps) throughout DeFi, BTCFi, gaming, NFTs, and many others. Main platforms comparable to UniCross, Solv Protocol, Avalon Labs, and MerlinSwap are contributing to the expansion of this highly effective ecosystem, offering progressive companies and liquidity options to the neighborhood.
• Honest Token Distribution: Tokens have been distributed pretty to the neighborhood. $MERL inflation has slowed considerably to only 0.4% over the following 12 months.

$210 Million MERL Ecosystem Grant to Speed up Growth

To additional strengthen its management, the Merlin Chain $210 Million MERL Ecosystem Grant Program The grant, which was introduced in June, focuses on consumer expertise, innovation for Bitcoin native property, ecosystem engagement and strengthening developer instruments. The grant goals to develop the platform's ecosystem by enabling builders and innovators to contribute to the way forward for Bitcoin Layer 2.

Technological advances and safety

MerlinChain's dedication to innovation is underpinned by its superior know-how structure. The platform: ZK Rollup Know-how and Multi-token Staking Oracle Node Improve safety, scalability and transparency. Babylon and BTC Staking/Re-StakingMerlin Chain is growing new methods to optimize yields on Bitcoin-specific property.

Merlin Chain additionally companions with main safety firms comparable to: Celestia Information Integrity and Kobo It offers options for superior MPC wallets, giving customers entry to cutting-edge know-how to guard their property. Merlin Safety Counciltogether with well-known companions Gradual Mist and Blocksecadditional strengthening your safety infrastructure.

In the direction of 2024

Merlin Chain continues to guide Bitcoin Layer 2 innovation and is gearing up for even larger growth within the second half of 2024. With plans to combine Bitcoin's newest protocol updates and drive additional development of the ecosystem, Merlin Chain goals to turn out to be a frontrunner in Bitcoin-native property, liquidity, and interoperability throughout a number of chains, together with EVM, Solana, and TON.

“We're extremely pleased with the progress we've made in such a brief period of time,” stated Merlin Chain founder Jeff. “Our success wouldn't have been doable with out the assist of our neighborhood and progressive companions, and we're excited to proceed pushing the boundaries of what's doable for Bitcoin and its Layer 2 ecosystem sooner or later.”

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 a ZK-Rollup community, a decentralized oracle community, and an on-chain BTC anti-fraud module. Merlin Chain is dedicated to powering Bitcoin's native property, protocols, and merchandise on Layer 1 via a Layer 2 community to make Bitcoin enjoyable once more. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG crew with a complete market cap of over $500 million. Bitmap Tech's BRC-420 “Blue Field” assortment has turn out to be one of the crucial common property on Ordinals.

For extra data, go to the Merlin Chain web site. | Twitter | Discord

contact

Head of Enterprise Improvement and Partnerships
Jonathan
Marlin Chain
(e mail handle protected)