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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    2024 iFX Asia Expo Concludes Successfully, TradingLink’s Cross-Broker and Cross-Platform Social Trading Model Draws Attention

    2024-09-20T18:00:00Z

    Denver, CO, Sept. 20, 2024 (GLOBE NEWSWIRE) -- From September 16 to 18, 2024, the three-day iFX Asia Expo in Bangkok, Thailand, came to a successful close. This global fintech event brought together top companies and experts in the industry to showcase the latest cutting-edge trading technologies and innovative results. As a global leader in online trading technology and trader incubation platforms, TradingLink stood out with its cross-broker, cross-platform open-source social trading model, garnering widespread attention and high praise.

    Open-Source Social Trading Model: A Perfect Blend of Innovation and Transparency

    The cross-broker, cross-platform social trading model displayed by TradingLink marked a new era in user experience. This model not only broke the boundaries of traditional platforms, enabling broad interaction and collaboration among traders, but also improved transparency in trading through systematic innovation. By providing investors with a more open and fair trading environment, this breakthrough technology solution was highly recognized by attendees, especially against the backdrop of growing demand for transparent trading in the fintech space. TradingLink has set a new industry standard.

    Technological Innovation and Market Strategy Win Industry Accolades

    At the expo, TradingLink showcased not only its leading trading tools but also detailed its strategic layout in global markets. Through continuous technological innovation, TradingLink has further enhanced the platform’s stability and efficiency, providing investors worldwide with an efficient, transparent, and secure trading experience. The platform's focus on user experience and its ongoing technological breakthroughs became a major highlight at the expo.


    TradingLink: Innovation Driving the Future

    Since its inception, TradingLink has been committed to offering advanced trading platforms and professional support services to global investors. By integrating cutting-edge tools and a unique trader incubation system, TradingLink has become a leader in the global trading market, earning the trust of users and high recognition from the industry. At this year’s expo, TradingLink also introduced new trading solutions, including intelligent trading tools, innovative algorithms, and comprehensive risk management systems, helping investors gain a competitive edge in fast-changing markets.

    Leading Technological Innovation and Exploring Global Markets

    At the event, TradingLink highlighted its outstanding global market presence and innovative achievements. As an efficient and secure online trading platform, TradingLink not only provides investors with a seamless trading experience but also continuously improves platform performance through technological innovations, ensuring that every user enjoys a top-tier trading service.

    Throughout the expo, TradingLink engaged with industry leaders, technology experts, and investors from around the world, sharing unique insights into the future of fintech and showcasing its irreplaceable role in the global market. Whether from a technological standpoint or a strategic perspective, TradingLink has consistently upheld a spirit of innovation, striving to drive progress and change in the industry.


    Summary and Future Outlook

    On the stage of the 2024 iFX Asia Expo, TradingLink garnered widespread acclaim with its powerful technology and open-source social trading model. Whether in terms of technological innovation or market strategy, the company demonstrated its immense potential to advance the global trading industry. The successful conclusion of the expo marks another leap for TradingLink in the fintech sector. Looking forward, TradingLink will continue to lead the industry’s development, eagerly anticipating collaborations with more global partners to jointly promote the transformation and innovation of fintech.

    http://linktr.ee/tradinglink2024

    https://asia2024.ifxexpo.com/meet/sponsors-exhibitors


    Media contact

    Contact: Marco Po

    Company Name: TradingLink Ltd

    Website: https://tradinglink.pro

    Email: contact@tradinglink.pro

    Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.


    CONTACT:  Marco Po

TradingLink Ltd

contact at tradinglink.pro

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