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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    OKX Explorer Now Supports DuckChain

    2024-09-19T05:05:30Z

    SINGAPORE, Sept. 19, 2024 (GLOBE NEWSWIRE) -- OKX Explorer, a leading blockchain search engine and Web3 analytics platform, has issued updates for September 19, 2024.

    OKX Explorer Now Supports DuckChain

    OKX Explorer now supports DuckChain, the first EVM-compatible TON Layer 2 solution. This integration aligns with OKX Explorer's commitment to providing comprehensive coverage and advanced tools for the onchain community and developers, particularly in emerging blockchain ecosystems.

    Key highlights of this integration:

    • Enhanced multi-chain interoperability: DuckChain connects multiple blockchain ecosystems, including TON, EVM, and Bitcoin, aiming to be at the forefront of driving large-scale Web3 adoption, further enhanced by OKX Explorer’s robust multi-chain support. This synergy provides users with seamless access to detailed, real-time data insights across various blockchains, enhancing both user and developer experiences.
    • Innovative explorer-as-a-service model: The collaboration introduces an explorer-as-a-service model, making blockchain exploration tools more accessible and cost-effective. OKX Explorer's comprehensive data indexing capabilities support this model, enabling users to access detailed transaction data and analytics across different ecosystems effortlessly.
    • Facilitating liquidity and user adoption: DuckChain's goal of bringing billions in liquidity and real users to the TON ecosystem is supported by OKX Explorer's advanced tracking capabilities. This integration ensures that users can easily monitor and interact with DuckChain, fostering growth and innovation within the TON ecosystem.
    • User-centric features and developer tools: The collaboration focuses on providing intuitive features for users and advanced tools for developers. OKX Explorer's comprehensive data insights and support for multiple blockchains empower developers to build and deploy applications efficiently, while users benefit from a seamless and informative experience.

    DuckChain's integration with OKX Explorer marks a significant step in enhancing blockchain interoperability and user experience. By leveraging OKX Explorer's robust infrastructure and multi-chain support, DuckChain users can now access detailed transaction data and analytics across different ecosystems seamlessly, eliminating the need for multiple blockchain explorer solutions.

    To learn more, visit OKX's Support Center.

    For further information, please contact:
    Media@okx.com

    About OKX

    OKX is a technology company with a mission to organize the world's blockchains and make them more accessible and useful.

    We want to create a future that makes our world more efficient, transparent and connected.

    OKX began as a crypto exchange giving millions of people access to trading and over time became among the largest platforms in the world. In recent years, we have developed one of the most connected onchain wallets used by millions to access decentralized applications (dApps).

    OKX is a brand trusted by hundreds of large institutions seeking access to crypto markets on a reliable platform that seamlessly connects with global banking and payments.

    OKX is committed to transparency and security, and publishes its Proof of Reserves monthly to build trust. OKX also regularly publishes educational articles, accessible via OKX Learn. These articles provide readers with in-depth analyses of all cryptocurrencies, including factors influencing Bitcoin prices and Ethereum prices.

    Our most well-known products include: The OKX Exchange, OKX Wallet, OKX Marketplace, OKX Explorer, OKX Chain and OS for developers, OKX Ventures and OKX Institutional Services. To learn more about OKX, download our app or visit: okx.com

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