Merlin Chain's Market Growth and Technological Advancements Highlighted in Messari Report

According to PANews, research firm Messari has released a detailed report analyzing Merlin Chain, highlighting its position as a leading EVM-compatible Bitcoin Layer 2 platform in integrating native Bitcoin assets. The report emphasizes that Merlin Chain's total value locked (TVL) reached $3.5 billion by March 2024, showcasing its strong market growth and widespread adoption. Built using Polygon CDK, Merlin Chain plans to transition to Bitcoin's second-layer zero-knowledge solution, demonstrating its forward-thinking approach in blockchain technology innovation and practicality. Additionally, the report notes that Merlin Chain's ecosystem revolves around native Bitcoin assets such as Ordinals, BRC-20s, and Runes. Its applications span across DeFi, gaming, AI, and SocialFi sectors, underscoring its leadership in expanding Bitcoin's role within the broader Web3 ecosystem.