{"id":4755,"date":"2024-09-09T08:40:36","date_gmt":"2024-09-09T08:40:36","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=4755"},"modified":"2024-09-09T08:40:36","modified_gmt":"2024-09-09T08:40:36","slug":"merlin-chain-emerges-as-bitcoins-largest-layer-2-surpassing-1-2-billion-tvl-in-just-six-months","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=4755","title":{"rendered":"Merlin Chain Emerges as Bitcoin\u2019s Largest Layer 2, Surpassing $1.2 Billion TVL in Just Six Months"},"content":{"rendered":"

[PRESS RELEASE \u2013 Singapore, Singapore, September 9th, 2024]<\/strong><\/p>\n

Merlin Chain<\/a>, a revolutionary Bitcoin Layer 2 platform, has achieved unprecedented milestones in just six months, solidifying its position as the largest Layer 2 in the Bitcoin ecosystem. With a Total Value Locked (TVL) surpassing $1.2 billion and bridge transactions exceeding $16 billion, Merlin Chain has redefined how users interact with Bitcoin, empowering native assets, fostering liquidity, and driving innovative ecosystem developments.<\/p>\n

Since its launch in early 2024, Merlin Chain has grown into the largest Bitcoin-native network, with 1.9 million on-chain addresses and over 12.7 million transactions processed. The platform has also become the leading hub for Bitcoin-native assets, hosting over 80% of all Bitcoin-native asset holders.<\/p>\n

Merlin Chain\u2019s remarkable achievements in the first half of 2024 include:<\/p>\n

Adoption and Network Growth<\/strong>: With rapid TVL growth of $3.9 billion within 50 days of the mainnet launch and 1.9 million unique addresses, Merlin Chain continues to lead the Bitcoin Layer 2 space.
\nStrength in Liquidity<\/strong>: Merlin Chain has facilitated over $16 billion in BTC bridged volume, with $1 billion in spot trading and $1 billion in perpetual trading, securing its position as a key player in Bitcoin liquidity.
\nThriving Ecosystem<\/strong>: Merlin Chain now supports more than 200 decentralized applications (dApps) across DeFi, BTCFi, gaming, NFTs, and more. Leading platforms such as UniCross, Solv Protocol, Avalon Labs, and MerlinSwap have contributed to this robust ecosystem growth, providing the community with innovative services and liquidity solutions.
\nFair Token Distribution<\/strong>: Token fairly distributed to the community. $MERL\u2019s inflation slowed significantly, to only 0.4% in the next 12 months.<\/p>\n

210M $MERL Ecosystem Grant to Accelerate Expansion<\/strong><\/p>\n

To further solidify its leadership, Merlin Chain launched its 210M $MERL Ecosystem Grant Program<\/strong> in June, focusing on enhancing user experience, Bitcoin-native asset innovation, ecosystem engagement, and developer tools. The grant is aimed at expanding the platform\u2019s ecosystem by empowering builders and innovators to contribute to the future of Bitcoin Layer 2.<\/p>\n

Technical Advancements and Security<\/strong><\/p>\n

Merlin Chain\u2019s commitment to innovation is supported by its advanced technical architecture. The platform has implemented ZK-Rollup technology<\/strong> and multi-token staking Oracle nodes<\/strong> to enhance security, scalability, and transparency. By integrating solutions like Babylon<\/strong> and BTC Staking\/Restaking<\/strong>, Merlin Chain is pioneering new ways to optimize Bitcoin-native asset yields.<\/p>\n

Merlin Chain has also partnered with leading security firms such as Celestia<\/strong> for data integrity and Cobo<\/strong> for advanced MPC wallets, ensuring that users have access to cutting-edge technology to safeguard their assets. Additionally, Merlin Chain established the Merlin Security Council<\/strong>, which includes renowned partners like Slowmist<\/strong> and BlockSec<\/strong>, further fortifying its security infrastructure.<\/p>\n

Looking Ahead to 2024<\/strong><\/p>\n

As Merlin Chain continues to lead in Bitcoin Layer 2 innovation, it is preparing for even greater expansion in the second half of 2024. With plans to integrate Bitcoin\u2019s latest protocol updates and drive further growth in its ecosystem, Merlin Chain aims to become the dominant force in Bitcoin-native assets, liquidity, and interoperability across multiple chains, including EVM, Solana, and TON.<\/p>\n

\u201cWe are incredibly proud of the strides we\u2019ve made in such a short time,\u201d said Jeff, Founder of Merlin Chain. \u201cOur success wouldn\u2019t be possible without the support of our community and our innovative partners. As we look ahead, we\u2019re excited to continue pushing the boundaries of what\u2019s possible for Bitcoin and its Layer 2 ecosystem.\u201d<\/p>\n

Users can read Merlin Chain\u2019s full report here: https:\/\/drive.google.com\/file\/d\/1PtDSlqIHxAC1eiQXI2vB7DRTSXI-NQR_\/view?usp=share_link<\/a><\/p>\n

About Merlin Chain<\/h2>\n

Merlin Chain<\/a> is a Bitcoin Layer 2 that integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules. Merlin Chain is committed to empowering Bitcoin\u2019s native assets, protocols, and products on Layer1 through its Layer 2 network to Make Bitcoin Fun Again. Merlin Chain is a subsidiary product line of Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 \u201cBlue Box\u201d collection under Bitmap Tech has become one of the hottest assets on Ordinals.<\/p>\n

For more information, users can visit Merlin Chain\u2019s Website<\/a> | Twitter<\/a> | Discord<\/a><\/p>\n

The post Merlin Chain Emerges as Bitcoin\u2019s Largest Layer 2, Surpassing $1.2 Billion TVL in Just Six Months<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

[PRESS RELEASE \u2013 Singapore, Singapore, September 9th, 2024] Merlin Chain, a revolutionary Bitcoin Layer 2 platform, has achieved unprecedented milestones in just six months, solidifying its position as the largest Layer 2 in the Bitcoin ecosystem. With a Total Value Locked (TVL) surpassing $1.2 billion and bridge transactions exceeding $16 billion, Merlin Chain has redefined […]<\/p>\n","protected":false},"author":0,"featured_media":4756,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4755"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4755"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/4755\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/4756"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}