The latest research report from Messari, an investment research institution, analyzes Merlin Chain in detail, pointing out that as the leading EVM-compatible Bitcoin Layer 2, the platform is at the forefront of the market in integrating Bitcoin native assets.
The report emphasizes that Merlin Chain's total locked value (TVL) has reached US$3.5 billion in March 2024, showing its strong growth and widespread adoption in the market.
Merlin Chain is built with Polygon CDK and plans to transition to Bitcoin's second-layer zero-knowledge solution, demonstrating its forward-looking approach to blockchain technology innovation and practicality.
The report also specifically mentioned that Merlin Chain's ecosystem revolves around Bitcoin native assets (such as Ordinals, BRC-20s and Runes), and its applications cover DeFi, games, AI and SocialFi, showing its leadership in expanding Bitcoin's role in the broader Web3 ecosystem.