Bitcoin Revolution: Merlin Chain Breaks Records, Rapid Growth Reaches $1.2B TVL in Six Months
The ground-breaking Bitcoin Layer 2 platform Merlin Chain has established itself as the biggest Layer 2 in the ecosystem by achieving remarkable milestones in a mere half-year. Driven by unique ecosystem advancements, native asset empowerment, and liquidity, Merlin Chain has revolutionized the way users interact with Bitcoin, with a total value locked (TVL) reaching $1.2 billion and bridge transactions exceeding $16 billion.
- With 1.9 million on-chain addresses and more than 12.7 million executed transactions since its introduction in early 2024, Merlin Chain has expanded to become the largest network built entirely of Bitcoin.
- More than 80% of all holders of Bitcoin-native assets are hosted on the platform, which has emerged as the primary hub for these assets.
$210M Merlin Chain Grant to Boost Bitcoin-native Innovation and Expand Ecosystem
The 210 million $MERL Ecosystem Grant Program, which focuses on improving user experience, Bitcoin-native asset innovation, ecosystem engagement, and developer tools, was introduced by Merlin Chain in June in an effort to establish its leadership further. The funding is intended to enable creators and innovators to contribute to the development of Bitcoin Layer 2, thereby broadening the platform’s ecosystem. Among the outstanding accomplishments of Merlin Chain in the first half of 2024 are:
- Adoption and the Expanding Network
- Strength in Liquidity
- Strong Ecosystem
- Equitable Distribution of Tokens
Merlin Chain’s cutting-edge technical architecture bolsters its dedication to innovation. To improve security, scalability, and transparency, the platform has multi-token staking Oracle nodes, and ZK-Rollup technology has been applied. Additionally, the site has worked with top security companies, such as Cobo for sophisticated MPC wallets and Celestia for data integrity, to guarantee that customers have access to cutting-edge technology to protect their funds. To further strengthen its security architecture, Merlin Chain also formed the Merlin Security Council, which consists of well-known partners including Slowmist and BlockSec.
We are incredibly proud of the strides we’ve made in such a short time. Our success wouldn’t be possible without the support of our community and our innovative partners. As we look ahead, we’re excited to continue pushing the boundaries of what’s possible for Bitcoin and its Layer 2 ecosystem.
Jeff, Founder of Merlin Chain
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