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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    Darwinium Hires Fintech Industry Standouts Peng Leong and Paul Cloutier as CFO and VP of Sales, Americas

    2024-09-19T14:46:04Z

    Executive growth reinforces expansion of Darwinium’s leading-edge cyberfraud prevention platform across American and global markets

    SAN FRANCISCO, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Darwinium, a leader in next-generation digital security and fraud prevention, today announces the appointment of Peng Leong as Chief Financial Officer and Paul Cloutier as Vice President of Sales, Americas. These strategic additions to Darwinum’s leadership team highlight the company’s consistent growth and commitment to delivering dynamic account security and fraud prevention to organizations worldwide, across every digital touchpoint.

    "Darwinium is on an exciting growth trajectory, delivering much-needed innovation to the unsolved problem of account security,” said Alisdair Faulkner, CEO and co-founder of Darwinium. “Peng's international financial acumen, combined with Paul's proven track record in scaling sales organizations, positions Darwinium for even greater success as we continue to grow our market share in the cyberfraud prevention sector."

    Peng Leong brings over three decades of technical experience in accounting, business operations and finance to his new role as CFO. His multi-faceted approach to leadership has resulted in high-performance financial strategies and success in the SaaS, data and risk analytics industries. Peng began his career at Deloitte before holding senior roles at prominent firms including Rev Inc., IDAnalytics (Symantec) and CoreLogic.

    “It’s a privilege to join Darwinium’s deeply knowledgeable and innovative team. I look forward to working alongside them to optimize the company’s financial strategies, enhance operational efficiency and unlock new avenues for revenue growth,” said Leong. “Today’s digital fraud landscape is a new frontier compounded by the explosive growth of AI tools that are changing the face of online scams. Darwinium’s cutting-edge platform is putting power back into the hands of businesses by not only minimizing advanced fraud but also delivering real-time, edge-based protection and full visibility into customer interactions. It’s a cause I am proud to support.”

    Paul Cloutier will also play a critical role in Darwinium’s long-term growth plans as Vice President of Sales, Americas. With a more than 30-year career spanning key technological revolutions, Cloutier has a passion for driving transformation across industries, from manufacturing automation to the digital identities landscape. Through previous roles at ThreatMetrix and Arkestro, he has assisted in advancing B2B eCommerce, biometric and procurement solutions.

    At Darwinium, Cloutier will be at the helm of the company's expansion efforts in the Americas. This includes increasing the company's footprint in the region, and bringing its innovative technologies to financial services, eCommerce and fintech organizations looking to better protect their account security strategies.

    “I am very excited to join Darwinium, a transformative company with a team known for its deep expertise in cyberfraud prevention and a proven track record of success,” said Cloutier. “The platform has customer protection at its heart, ensuring end users are not caught in the net of complex, evolving fraud, or the controls designed to detect it.”

    These key executive appointments underpin the company's growth trajectory, driving forward its mission to deliver essential innovations for more effective detection and prevention of complex fraud in a rapidly evolving digital world.

    About Darwinium   
    Darwinium's pioneering approach to continuous customer protection takes security and fraud prevention to the edge, removing the operational burden of implementing and maintaining API-based solutions. Darwinium provides complete visibility and control of every digital interaction - across web, apps and APIs - to separate good and bad behavior, in real-time. Businesses can make more accurate, real-time decisions, and take dynamic, tailored remediation that favors the customer and not the fraudster.  For more information, visit www.darwinium.com.

    Contact        
    Sherlyn Rijos-Altman      
    Montner Tech PR        
    203-226-9290        
    srijos@montner.com 


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