Merlin Chain Reports Significant Growth and Future Plans

According to Foresight News, Bitcoin Layer 2 network Merlin Chain has released its semi-annual report, highlighting substantial growth and future plans. The report reveals that the network's cross-chain volume reached $16 billion, with 1.9 million on-chain addresses and 12.7 million transactions. Within 50 days of its mainnet launch, the Total Value Locked (TVL) surpassed $3.9 billion, with 88% comprising native assets like BTC and Ordinals. The market value of M-BTC in the first half of the year reached $1.2 billion. Additionally, $16 billion worth of Bitcoin was cross-chained, spot trading amounted to $1.6 billion, and perpetual contract trading reached $1.4 billion. The asset trading volume exceeded $3 billion, and DEX liquidity surpassed $78 million. Merlin Chain has also introduced a comprehensive security framework and on-chain architecture, collaborating with industry leaders such as Celestia, Cobo, and SlowMist to create a secure and transparent on-chain environment. The release rate of MERL tokens will significantly slow down in the second half of the year, with only 0.4% being released over the next 12 months. Merlin Chain plans to continue its efforts in technology, ecosystem, and community development in the second half of the year to further advance the Bitcoin ecosystem.