Blockchain

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

on

    More in Blockchain:

    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

    PostAd_coinrule_banner728x90

    Leave a Comment

    Your email address will not be published. Required fields are marked *

    *

    KYN Capital Group's KOINFOLD Integrates USDT on Polygon, Ethereum, and Tron Blockchains and Artificial Intelligence Into Cryptocurrency App

    2024-09-17T12:30:00Z

    RANCHO CORDOVA, CA, Sept. 17, 2024 (GLOBE NEWSWIRE) -- KYN Capital Group (OTC: KYNC), a leading innovator in the fintech sector, is thrilled to update our customers on the new updates for KOINFOLD.

    At the beginning of the year, KYNC laid out a bold vision for the future of commerce – a future that’s more personalized and rewarding than ever. Our teams are moving with urgency, relentlessly innovating, and focused on execution to deliver this vision.
 KOINFOLD is a go-to cryptocurrency app with a secure payment option through Moonpay. We recently added USDT on Polygon, Ethereum, and Tron Blockchains for our customers to have a richer and more user-friendly experience. 


    For our users there’s never been a better time to be part of the KOINFOLD community. We’re constantly adding and building up our end-to-end platform that spans the full spectrum of cryptocurrency offerings with better customer experiences and tools. We have positioned our app to benefit from the consumer volume we expect in the years to come.
Take advantage of this momentum by downloading the new version of the KOINFOLD app. It gives you access to innovations like, What’s hot, Losers and Gainers in the cryptocurrency world. Our goal is to drive customer loyalty.

    KYNC has incorporated AI-powered trading bots into the KOINFOLD crypto app. These bots utilize sophisticated artificial intelligence algorithms to automate trading processes, analyze market trends, and execute trades autonomously based on predefined parameters and current market conditions.

    “With these new AI features and more being added, KOINFOLD is seeing more downloads and transactions that will gain revenue for the company in a steady and consistent way. It has been a long process with all of the changing data in the AI platforms and cryptocurrency regulation landscape, but with new executive orders from the president of the United States supporting the use of digital assets we are in the right position and evolution,” stated Rick Wilson, CEO of KYNC.

    KYN Capital Group remains committed to growing the fintech industry. The company remains dedicated to offering cutting-edge solutions that empower users to navigate the digital economy with ease and confidence.

    Download KOINFOLD here:

    KOINFOLD on Google Play

    KOINFOLD on the App Store

    Follow KYN Capital Group, Inc. (KYNC) on Twitter and Instagram.

    Visit the new KOINFOLD website for more information.

    https://KOINFOLD.com

    https://twitter.com/kyncap

    https://www.twitter.com/koinfold

    https://www.instagram.com/kyncapital/

    About KYN Capital Group, Inc. (KYNC)

    KYN Capital Group, Inc. (KYNC), a Nevada Corporation, is a leading holding company dedicated to being at the vanguard of its industry working on acquisitions in the entertainment, blockchain, cryptocurrency and touchless payment verticals. KYNC leverages the expertise of its highly skilled team & developers to create a cohesive force in formulating market and business strategies, ensuring that they remain ahead of the curve to carry the company forward in the marketplace.

    Safe Harbor Statement:

    Certain statements made in this press release constitute forward-looking statements that are based on management's expectations, estimates, projections and assumptions. Words such as expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation

    Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. All forward-looking statements speak only as of the date of this press release and the company does not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.

    Contact:
    KYN Capital Group, Inc. (KYNC)
    info@kyncap.com


    GlobeNewsWire News

    Recent Comments