According to Wu, Merlin Seal's full range of assets has now been unpledged, and the flow of funds in each protocol has attracted attention. On-chain data shows that as of May 9, the total value locked (TVL) of BTCFi protocol Solv Protocol reached $620 million, with 35,000 active addresses. The number of active addresses of native infrastructure Unicross reached 200,000. The TVL of derivatives protocol Surf Protocol reached $29.96 million, the total cumulative trading volume was $220 million, and the number of active addresses was 11,000. The total cumulative trading volume of chain game Dragonverse Neo was $27.63 million, and the number of active addresses was 6.6k. The TVL of lending protocol Avalon Finance reached $230 million, and the number of active addresses was 13,000. The TVL of Merlin asset interest-bearing protocol Maga Financce reached $83.53 million, and the number of active addresses was 4.9k. The TVL of native DEX Merlin Swap reached $93.72 million, the total cumulative trading volume was $790 million, and the number of active addresses was 320,000. The total transaction volume of IDO platform Merlin Starter has accumulated to 880 million US dollars, and the number of active addresses is 52,000.
