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Merlin Chain released its mid-year report: TVL exceeded 3.9 billion USD, and the on-chain transaction volume reached 3 billion USD

Merlin Chain released its mid-year report: TVL exceeded 3.9 billion USD, and the on-chain transaction volume reached 3 billion USD

Bitget2024/09/09 09:45

Foresight News reports that the Bitcoin L2 network, Merlin Chain, has released its semi-annual report. It includes: a cross-chain volume of 16 billion USD on the network, with a total of 1.9 million addresses on the chain and 12.7 million transactions; within 50 days of mainnet launch, TVL broke through to 3.9 billion USD (88% being BTC and native assets like Ordinals), M-BTC's market value reached 1.2 billion USD in the first half of the year; cross-chained 16 billion USD worth of Bitcoin, spot trading reached 1.6 billion USD, perpetual contract trading reached to be around 1.4 billion USD; asset transaction volume exceeded over $30 Billion dollars and DEX liquidity surpassed $78 Million dollars; launched comprehensive security framework and on-chain architecture in collaboration with industry leaders Celestia, Cobo and SlowMist to create a secure transparent on-chain environment; The release speed of MERL tokens will significantly slow down in the second half of this year with only releasing about .4% for next twelve months.

Merlin Chain plans to continue focusing on technology development, ecosystem building and community engagement in order to promote sustainable development within Bitcoin's ecosystem during second half this year.

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