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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    ibex Continues to Grow in the Philippines; Set to Open New Site in Davao

    2024-09-17T13:00:00Z

    Award-Winning BPO Focuses on Employee Experience to Deliver World-Class Customer and Brand Interactions

    DAVAO CITY, Philippines, Sept. 17, 2024 (GLOBE NEWSWIRE) -- ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and AI-powered customer engagement technology solutions, today announced that it will open its second customer experience (CX) service center in Davao City, located at Felcris Centrale, 40-D Quimpo Blvd., Talomo. This will bring ibex’s total number of sites in the Philippines to nine.

    “ibex is delighted to expand our operations in the Philippines and build on the amazing team and culture we have established here,” said ibex CEO Bob Dechant. “We continue to see strong demand globally from new and existing clients, which include industry leaders in healthcare, technology, retail, E-commerce, fintech, insurance, shipping and logistics. Combining the best talent, training, and employee experience with our next-generation AI-enabled ibex Wave iX solution suite allows us to deliver amazing customer experiences for the world’s top brands.”

    ibex operates CX service centers across the Philippines, including – Quezon City, City of Mandaluyong, Pasig City, City of Parañaque, City of Muntinlupa, Davao City, and Tagbilaran City. Last year, ibex celebrated the 10th anniversary of its first site in Davao City, which launched with 50 agents. ibex Davao has grown to more than 1,700 agents today.

    “The Philippines is the global hub for BPO services, and we continue to raise the bar for exceptional CX,” said Potski Alvarez, President of ibex Philippines. “Providing an engaging and rewarding employee experience is the key to delivering amazing CX. Our recent employee satisfaction score of 83 in the Philippines underscores our commitment to offering our team members the best workplace, training, tools, rewards, recognition, and opportunities to succeed and advance their careers.”

    ibex’s award-winning culture and unparalleled employee experience features a full range of fun activities and engagement events for employees year-round, including annual employee VIP events, ibex Idol global talent competition, ibex Sirens beauty pageant celebrating LGBTQIA+ employees, Customer Service Week, and ongoing employee health and wellness programs.

    ibex has been recognized globally for its agent-first culture and outstanding employee experience. Recent awards include Philippines’ Best Employers 2024 by the Philippine Daily Inquirer and the 2023 Philippines Best Employer Brand Award by the Philippines Leadership Congress and Awards. Other notable awards are America’s Greatest Workplaces for Diversity 2023 by Newsweek; Best Places to Work for Women 2022 in Central America and Caribbean by Great Place to Work; and Customer Service Outsourcing Provider of the Year in 2023 by the Stevie Awards. 

    ibex offers highly competitive compensation and best-in-class benefits. New hires have access to industry-leading training and development programs to help them succeed and build their skills to advance in their careers.

    If you would like to join the winning ibex team, go to ibex.co to apply online. Follow us on Facebook at https://www.facebook.com/ibexphilippines/.

    About ibex

    ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of approximately 30 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

    ibex leverages its diverse global team of over 30,000 employees together with industry-leading technology, including the AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

    Media Contact:

    Dan Burris
    ibex
    Daniel.Burris@ibex.co

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/334e37aa-fff3-41e2-8f1f-0b880a4ef2a3


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