Singapore, Singapore, September 9, 2024, Chainwire
Marilyn ChenThe revolutionary Bitcoin Layer 2 platform has achieved unprecedented milestones in simply six months, solidifying its place as the most important Layer 2 within the Bitcoin ecosystem. With a Complete Worth Locked (TVL) of over $1.2 billion and bridge transactions exceeding $16 billion, Merlin Chain has redefined the best way customers work together with Bitcoin, empowering native belongings, boosting liquidity and driving revolutionary ecosystem improvement.
Since its launch in early 2024, Merlin Chain has grown into the most important Bitcoin-native community, with 1.9 million on-chain addresses and over 12.7 million transactions processed. The platform has additionally turn out to be the main hub for Bitcoin-native belongings, internet hosting over 80% of all Bitcoin-native asset holders.
Marilyn Chen’s notable accomplishments within the first half of 2024 embrace:
- Adoption and community progressWith speedy TVL progress of $3.9 billion and 1.9 million distinctive addresses inside 50 days of mainnet launch, Merlin Chain continues to be a frontrunner within the Bitcoin Layer 2 area.
- Power in liquidity: Merlin Chain has facilitated over $16 billion in BTC bridged quantity, together with $1 billion in spot buying and selling and $1 billion in steady buying and selling, securing its place as a serious participant in Bitcoin liquidity.
- Thriving Ecosystem: Merlin Chain now helps over 200 decentralized functions (dApps) throughout DeFi, BTCFi, gaming, NFTs and different areas. Main platforms resembling UniCross, Solv Protocol, Avalon Labs and MerlinSwap have contributed to the expansion of this strong ecosystem, bringing revolutionary companies and liquidity options to the neighborhood.
- Honest token distributionThe tokens have been distributed pretty among the many neighborhood. Over the following 12 months, $MERL inflation slowed considerably to only 0.4%.
$210 million MERL ecosystem grant to speed up enlargement
To additional solidify her management, Marilyn Chen launched her 210M $MERL Ecosystem Grants Program In June, the main target might be on bettering consumer expertise, Bitcoin-native asset innovation, ecosystem engagement, and developer instruments. The grants goal to develop the platform’s ecosystem by empowering builders and innovators to contribute to the way forward for Bitcoin Layer 2.
Technological development and safety
Merlin Chain’s dedication to innovation is supported by its superior technical structure. The platform has carried out ZK-Rollup Expertise And Multi-token staking oracle nodes To reinforce safety, scalability, and transparency. By integrating options resembling Babylon And BTC Staking/RestakingMerlin Chain is pioneering new methods to optimize bitcoin-native asset yields.
Merlin Chen has additionally partnered with main safety companies resembling Celestia for information integrity and Kobo for the superior MPC pockets, guaranteeing customers have entry to cutting-edge expertise to guard their belongings. Moreover, Merlin Chain has Merlin Safety Councilwhich incorporates famend companions resembling Slowmist And BlockSecIt would additional strengthen its safety construction.
Looking forward to 2024
As Merlin Chain continues to be a frontrunner in Bitcoin Layer 2 innovation, it’s getting ready for even larger enlargement within the second half of 2024. With plans to combine Bitcoin’s newest protocol updates and foster additional progress in its ecosystem, Merlin Chain goals to turn out to be the dominant power in Bitcoin-native belongings, liquidity, and interoperability throughout a number of chains, together with EVM, Solana, and TON.
“We’re extraordinarily happy with the progress we’ve made in such a short while,” mentioned Jeff, founding father of Merlin Chain. “Our success wouldn’t have been potential with out the assist of our neighborhood and our revolutionary companions. As we glance forward, we’re excited to proceed pushing the boundaries of what’s potential for Bitcoin and its Layer 2 ecosystem.”
Customers can learn Marilyn Chen’s full report right here: https://drive.google.com/file/d/1PtDSlqIHxAC1eiQXI2vB7DRTSXI-NQR_/view?usp=share_link
About Marilyn Chen
Marilyn Chen is a Bitcoin Layer 2 that integrates the ZK-Rollup community, decentralized oracle community, and on-chain BTC fraud-proof module. Merlin Chain is dedicated to empowering Bitcoin’s unique belongings, protocols, and merchandise on Layer 1 by way of its Layer 2 community to make Bitcoin enjoyable once more. Merlin Chain is a subsidiary product line of Bitmap Tech, a number one OG staff with a complete market capitalization of over $500 million. The BRC-420 “Blue Field” assortment beneath Bitmap Tech has turn out to be one of many hottest belongings on Ordinals.
For extra data, customers can go to Marilyn Chen’s web site. Website , Twitter , Discord
Contact
BD & Partnership Head
Jonathan
Marilyn Chen
(email protected)
