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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    Asia-Pacific Artificial Intelligence (AI) Chipsets Market 2024-2031: Identify and Capitalize on the Countries Showcasing the Highest Growth Potential

    2024-09-18T08:30:44Z

    Dublin, Sept. 18, 2024 (GLOBE NEWSWIRE) -- The "Asia-Pacific Artificial Intelligence (AI) Chipsets Market Size, Share & Trends Analysis, 2024-2031" report has been added to ResearchAndMarkets.com's offering.

    The Asia Pacific Artificial Intelligence (AI) Chipsets Market should witness market growth of 30.3% CAGR during the forecast period, 2024-2031.

    The China market dominated the Asia Pacific Artificial Intelligence (AI) Chipsets Market by country in 2023, and should continue to be a dominant market till 2031; thereby, achieving a market value of $21.51 billion by 2031. The Japanese market is registering a CAGR of 29.7% during 2024-2031. Additionally, the Indian market should showcase a CAGR of 31.2% during 2024-2031.

    The adoption of AI chipsets is rapidly increasing across various industries and sectors due to their ability to accelerate AI tasks, enhance performance, and enable intelligent applications. Businesses increasingly leverage AI-driven solutions to gain insights from data, automate processes, improve decision-making, and enhance customer experiences. AI chipsets facilitate the execution of complex AI algorithms and machine learning models, driving applications like NLP, computer vision, predictive analytics, and autonomous systems.

    Moreover, the continuous advancements in AI algorithms, deep learning models, and neural network architectures drive the need for high-performance hardware solutions capable of handling massive datasets and complex computations. AI chipsets provide the computational power and efficiency to effectively train and deploy AI models. The proliferation of edge computing architectures, wherein AI processing tasks are performed locally on edge devices, drives the adoption of AI chipsets with edge computing capabilities.

    The fintech industry in India has experienced rapid growth driven by increasing smartphone penetration, digital payment adoption, and government initiatives promoting financial inclusion. The Fintech business in India is expanding at one of the quickest rates in the world, according to the National Investment Promotion and Facilitation Agency. The market for fintech in India is expected to reach $150 billion by 2025, from $50 billion in 2021. By 2030, the fintech business is expected to generate $2.1 trillion in opportunity. In 2022, fintech startups in India raised $5.65 billion. Between 2021 and 2022, the number of distinct institutional investors in Indian fintech nearly doubled, from 535 to 1019, respectively.

    Additionally, as businesses and government agencies in Australia invest in AI technologies to drive innovation and efficiency, there is a growing demand for AI chipsets to power AI-driven applications and services. According to the Australian Government, digital innovations, including AI, could contribute $315 billion to Australia's GDP by 2030. Australian spending on AI systems will grow to over $3.6 billion by 2025, at a compounding annual growth rate of 24.4% between 2020 and 2025. Therefore, the rising fintech industry and increasing expenditure on AI technology in the region drive the market's growth.

    List of Key Companies Profiled

    • Intel Corporation
    • NVIDIA Corporation
    • IBM Corporation
    • Micron Technology, Inc.
    • Qualcomm Incorporated (Qualcomm Technologies, Inc.)
    • Samsung Electronics Co. Ltd. (Samsung Group)
    • Apple, Inc.
    • Huawei Technologies Co. Ltd. (Huawei Investment & Holding Co. Ltd.)
    • Texas Instruments, Inc.
    • NXP Semiconductors N.V.

    Market Segmentation

    By Computing Technology

    • Cloud Computing
    • Edge Computing

    By Function

    • Inference
    • Training

    By Chipset Type

    • GPU
    • CPU
    • FPGA
    • ASIC
    • Others

    By Vertical

    • Consumer Electronics
    • Automotive
    • Healthcare
    • Manufacturing
    • Retail & E-Commerce
    • BFSI
    • Marketing
    • Others

    By Country

    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Malaysia
    • Rest of Asia Pacific

    For more information about this report visit https://www.researchandmarkets.com/r/9spj10

    About ResearchAndMarkets.com
    ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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