Blockchain

Merlin Chain Emerges as Bitcoin’s Largest Layer 2, Surpassing $1.2 Billion TVL in Just Six Months

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    Singapore, Singapore, September 9th, 2024, Chainwire

     

    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 how users interact with Bitcoin, empowering native assets, fostering liquidity, and driving innovative ecosystem developments.

    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.

    Merlin Chain’s remarkable achievements in the first half of 2024 include:

    • Adoption and Network Growth: 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.
    • Strength in Liquidity: 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.
    • Thriving Ecosystem: 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.
    • Fair Token Distribution: Token fairly distributed to the community. $MERL’s inflation slowed significantly, to only 0.4% in the next 12 months.

    210M $MERL Ecosystem Grant to Accelerate Expansion

    To further solidify its leadership, 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. The grant is aimed at expanding the platform’s ecosystem by empowering builders and innovators to contribute to the future of Bitcoin Layer 2.

    Technical Advancements and Security

    Merlin Chain’s commitment to innovation is supported by its advanced technical architecture. The platform has implemented 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 also partnered with leading security firms such as Celestia for data integrity and Cobo 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, which includes renowned partners like Slowmist and BlockSec, further fortifying its security infrastructure.

    Looking Ahead to 2024

    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’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.”

    Users can read Merlin Chain’s full report here: https://drive.google.com/file/d/1PtDSlqIHxAC1eiQXI2vB7DRTSXI-NQR_/view?usp=share_link

    About Merlin Chain

    Merlin Chain 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’s 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 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.

    For more information, users can visit Merlin Chain’s Website | Twitter | Discord

     

    Contact

    Head of BD and Partnership
    Jonathan
    Merlin Chain
    contact@merlinchain.com

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    ForwardLane Appoints Industry Leader as New President

    2024-09-17T11:30:00Z

    Ares Wealth, Black Creek, and OppenheimerFunds Veteran Joins During AI Inflection Point

    NEW YORK, Sept. 17, 2024 (GLOBE NEWSWIRE) -- ForwardLane, the premier data analytics and AI platform tailored for wealth and asset managers, proudly announces the appointment of Eric Johnson as its new president, effective immediately. Johnson, a highly esteemed industry leader, brings over three decades of unparalleled expertise in technology, data, and sales leadership.

    “Eric is a visionary with a stellar track record in technology innovation, business development, and profound industry knowledge,” said Nathan Stevenson, CEO of ForwardLane. “As AI tools and services gain widespread adoption—a field we’ve been pioneering since 2015—Eric’s extensive experience in technology and sales is exactly what we need to propel ForwardLane to new heights. We are confident that Eric, alongside our leadership team, will drive the execution of our strategy and capitalize on the growing demand for AI-driven sales and marketing solutions.”

    Johnson’s career is marked by his versatility and success in leading large sales, technology, and data teams within asset management firms. Most recently, he served as the Head of Technology, Data, and Innovation at Ares Wealth Management, where he spearheaded the modernization of their sales and marketing platform. Prior to that, he was the CTO at Black Creek Group and spent two decades at OppenheimerFunds, holding senior roles in both sales and technology, and playing a pivotal role in the company’s transformation.

    “I am excited to join ForwardLane at such a pivotal moment,” said Johnson. “Having admired both Nathan and ForwardLane’s innovative approach for many years, it is an honor to step into this leadership role. ForwardLane’s history of pioneering technologies has revolutionized client engagement in the financial services industry, and I am eager to work with this exceptional team to accelerate our growth and deliver value to our customers and shareholders.”

    Johnson holds a BA in Political Science from the University of California Berkeley and an MBA from the University of Southern California.

    About ForwardLane
    ForwardLane's mission is to enable deeper human connections with machine intelligence. Used by leading wealth asset management and insurance firms, the patent-pending AI Decision Intelligence Platform and Next Best Action engine aggregates, orchestrates and activates enterprise data, proactively prioritizing clients, and distilling personalized insights to drive growth, and deepen client relationships.

    Visit www.ForwardLane.com for more or follow us on LinkedIn and X @Forward_Lane.

    MEDIA INQUIRIES

    Khaner Walker
    khanerw@arcsenseconsulting.com
    1-919-412-1566

    A photo accompanying this announcement is available at: 
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b8a13d91-c979-4a3c-8faf-42c0e85ccd64


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