Merlin Chain, the Bitcoin second-layer network, released its semi-annual report, reviewing its growth trajectory in the first half of 2024, as well as milestones in public chains, growth, ecology, and technology - record-breaking mainnet TVL, the most prosperous application ecology, and the most solid user community, setting an industry benchmark for Bitcoin Layer2. Including:
- $1.2 billion TVL, $16 billion in bridge volume, 1.9 million on-chain addresses, and 12.7 million transactions.
-50 days after the mainnet was launched, TVL exceeded $3.9 billion (88% of which was native assets such as BTC and Ordinals), and M-BTC's market value reached $1.2 billion in the first half of the year.
-Bridging $16 billion in Bitcoin, $1.6 billion in spot transactions, $1.4 billion in perpetual contract transactions, and more than $1 billion in cross-chain assets, becoming a mainstream Bitcoin hub.
-Asset trading volume exceeded $3 billion, and DEX liquidity exceeded $78 million.
-Incubate No.1 industry-leading applications in DEX, cross-chain bridges, lending, infrastructure, entertainment and other tracks (UniCross, Solv Protocol, Surf Protocol, Avalon Labs, MerlinSwap, MerlinStarter, etc.)
-Introduce a comprehensive security framework and on-chain architecture, and work with industry leaders Celestia, Cobo, Slowmist, etc. to jointly create a safe and transparent on-chain environment.
-The release rate of MERL will slow down significantly in the second half of the year, with only 0.4% released in the next 12 months
It is reported that Merlin Chain plans to continue to work hard in the three aspects of technology, ecology and community in the second half of the year to further lead industry standards and promote the sustainable development of the Bitcoin ecosystem.