Merlin Chain: A Leading Bitcoin Layer 2 Platform

Merlin Chain, a groundbreaking Bitcoin Layer 2 platform, has achieved remarkable milestones in just six months, establishing itself as the largest Layer 2 in the Bitcoin ecosystem. With a Total Value Locked (TVL) exceeding $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.

Rapid Growth and Network Expansion

Since its launch in early 2024, Merlin Chain has grown into the largest Bitcoin-native network, boasting 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.

• Merlin Chain's TVL grew by an impressive $3.9 billion within 50 days of the mainnet launch.
• The platform now has 1.9 million unique addresses, showcasing significant user adoption.

Strengthening Bitcoin Liquidity

Merlin Chain has played a crucial role in enhancing Bitcoin liquidity. It has facilitated over $16 billion in BTC bridged volume, with $1 billion in spot trading and $1 billion in perpetual trading, making it a key player in the Bitcoin liquidity market.

A Thriving Bitcoin Ecosystem

Merlin Chain's robust ecosystem currently supports over 200 decentralized applications (dApps) across various sectors, including DeFi, BTCFi, gaming, NFTs, and more. This thriving ecosystem has been fueled by the contributions of leading platforms like UniCross, Solv Protocol, Avalon Labs, and MerlinSwap, which provide innovative services and liquidity solutions to the community.

Fair Token Distribution and Ecosystem Grant

Merlin Chain's $MERL token has been fairly distributed to the community. To accelerate its expansion, Merlin Chain launched its 210M $MERL Ecosystem Grant Program in June, focusing on enhancing user experience, Bitcoin-native asset innovation, ecosystem engagement, and developer tools.

Advanced Technology and Security Measures

Merlin Chain's commitment to innovation is reflected in its advanced technical architecture. The platform leverages ZK-Rollup technology and multi-token staking Oracle nodes to enhance security, scalability, and transparency. By integrating solutions like Babylon and BTC Staking/Restaking, Merlin Chain is pioneering new ways to optimize Bitcoin-native asset yields.

• Merlin Chain has partnered with leading security firms like Celestia for data integrity and Cobo for advanced MPC wallets, providing users with cutting-edge technology to protect their assets.
• The platform has established the Merlin Security Council, which includes renowned partners like Slowmist and BlockSec, further strengthening its security infrastructure.

Looking Towards the Future of Bitcoin Layer 2

Merlin Chain is poised for even greater expansion in the second half of 2024. With plans to integrate Bitcoin's 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.

"We are incredibly proud of the strides we’ve made in such a short time," said Jeff, Founder of Merlin Chain. "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."

About Merlin Chain

Merlin Chain is a Bitcoin Layer 2 that combines the ZK-Rollup network, a decentralized oracle network, and on-chain BTC fraud-proof modules. Merlin Chain is dedicated to empowering Bitcoin's native assets, protocols, and products on Layer 1 through its Layer 2 network. Merlin Chain is a subsidiary product line of Bitmap Tech, a leading team with an overall market cap exceeding $500 million.