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Merlin Chain: Revolutionizing Bitcoin Layer 2 with Unprecedented Growth

Discover how Merlin Chain is transforming the Bitcoin Layer 2 ecosystem with innovative technologies, strong liquidity, and a thriving community.
Published on 2024-09-09

Unprecedented Milestones in Bitcoin Layer 2

Merlin Chain, a groundbreaking Bitcoin Layer 2 platform, has achieved significant milestones within six months of its launch in early 2024. Surpassing a Total Value Locked (TVL) of $1.2 billion and facilitating over $16 billion in bridge transactions, it has become the largest Layer 2 in the Bitcoin ecosystem. This rapid growth underscores its role in empowering native assets and fostering innovative ecosystem developments.

Adoption and Network Expansion

Merlin Chain has experienced remarkable adoption, boasting 1.9 million unique addresses and processing over 12.7 million transactions. Its rapid TVL growth reached $3.9 billion within 50 days of the mainnet launch, solidifying its leadership in the Bitcoin Layer 2 space. The platform currently hosts over 80% of all Bitcoin-native asset holders, further cementing its dominance.

Strengthening Liquidity

Facilitating over $16 billion in BTC bridged volume, Merlin Chain has emerged as a key player in Bitcoin liquidity. It has achieved $1 billion in spot trading and $1 billion in perpetual trading, ensuring robust liquidity solutions for its users.

A Thriving Ecosystem

Supporting more than 200 decentralized applications (dApps) across various sectors like DeFi, BTCFi, gaming, and NFTs, Merlin Chain has cultivated a vibrant ecosystem. Platforms such as UniCross, Solv Protocol, Avalon Labs, and MerlinSwap have significantly contributed to its growth, providing innovative services and solutions.

Fair Token Distribution and Expansion

Merlin Chain's fair token distribution strategy has resulted in a slowed $MERL inflation rate of just 0.4% over the next year. To further accelerate expansion, the platform launched a 210M $MERL Ecosystem Grant Program in June, aimed at enhancing user experience, fostering innovation, and empowering developers.

Technical Advancements and Security

Merlin Chain's cutting-edge technical architecture includes ZK-Rollup technology and multi-token staking Oracle nodes, enhancing security and scalability. Partnerships with leading security firms ensure robust data integrity and asset protection. The establishment of the Merlin Security Council further strengthens its security infrastructure.

Future Outlook

As Merlin Chain continues to lead in Bitcoin Layer 2 innovation, plans for the second half of 2024 include integrating Bitcoin’s latest protocol updates and expanding its ecosystem. With a focus on interoperability across multiple chains, it aims to dominate the Bitcoin-native assets and liquidity landscape.

Merlin Chain remains committed to pushing the boundaries of Bitcoin Layer 2 capabilities, with support from its vibrant community and innovative partners.

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