The heat is coming! The Merlin project has become the brightest pearl of the Bitcoin L2 ecosystem, TVL has soared past 2 billion US dollars, and B2 has a beautiful trend approaching 500 million US dollars! Merlin’s meme token $voya has skyrocketed, triggering a FOMO frenzy in the market! Strike while the iron is hot, today we will explore the Merlin chain
Latest project consultation
The Merlin Chain Council officially launched the Dapp application channel to help the Merlin Chain ecosystem flourish and bring more innovative marketing and diverse gameplay designs to users! Now, you can still perform cross-chain operations and pledge Merlin Chain assets and easily get 20% of the tokens!
Project Description
Merlin Chain integrates key modules such as ZK-Rollup network, decentralized oracle network and fraud proof on the Bitcoin chain, aiming to inject new vitality into the native assets, protocols and application ecosystem on BTC Layer 1 through Layer 2 technology, allowing Bitcoin is coming to life again!
Merlin Chain is strongly supported by 24 top institutions including OKX Ventures, ABCDE, Foresight Ventures, Arkstream Capital, etc. The team is from Bitmap Tech, formerly the driving force behind the Blue Box project, and its total market value has exceeded US$500 million. The experience and background of founders such as Jeff prove the team’s deep accumulation and innovation capabilities in the Bitcoin ecosystem, making Merlin Chain the mainstay leading the development of the Bitcoin ecosystem!
Token distribution
Total number of MERL tokens: 2,100, 000,000
Launch price: 0.00004762 USDT
Merlin Chain's governance tokens will release most of the tokens to users and the community based on the pledges and activities of users on the chain.
Pledge assets to Merlin. The currently supported assets are
Bitcoin Ecology: BRC-20, Bitmap, BTC-420, BTC Ecology NFT
Tokens: BTC, ETH, USDC, ZKF, USDC
Currently cross-chain assets to Merlin's through BTC, ETH, Arbitrum, Manta, ZKFair, and Tron
How to join Merlin Chain
Method 1: Targeting large investors - Merlin Seal event brings huge rewards!
In the Merlin Seal event, which runs from February to April, you can earn MERL tokens by staking your assets and accumulating M points. You will be rewarded with 20% MERL tokens from DeFi earnings. Supported assets include BTC, ETH, USDT, USDC, BRC-20 and BRC-420.
Step 1: Create your Unisat wallet.
Step 2: Connect your wallet at http://merlinchain.io/bridge/staking.
Step 3: Select the network to transfer assets through Merlin Chain.
Step 4: Select "Mortgage". Step 5: Check your M-Points.
Method 2: For small investors - Explore Merlin Chain ecological gems!
Although Merlin Chain’s TVL reaches US$3 billion, the current ecosystem is relatively scarce and only a small amount of funds will flow into old projects to achieve substantial growth.
Step 1: Use Meta wallet to connect to https://merlinswap.org/trade/swap and add Merlin network.
Step 2: Use http://meson.fi to bridge USDT BEP20 into the Merlin network and then convert it to the Bitcoin Merlin network.
Step 3: Return to https://merlinswap.org/trade/swap and withdraw your preferred token on the exchange.
remind:
For small blockchain ecosystems with huge potential, such as Merlin (Bitcoin L2), you should focus on the top 1 to 2 meme coins with the highest transaction volume and liquidity providers.
This is the most basic investment principle, because the first currency to take off is usually the one with the most potential.
Outlook for well-known Layer 2 projects in 2024
Dencun’s upgrade will benefit all Layer 2 projects, whether they are Layer 2 developed using Optimistic Rollup or ZK Rollup.
As the co-founder of Ethereum stated in the blog post "The Three Transitions", Ethereum needs to go through three major technology transitions: the transition to Layer 2, where everyone moves to Rollup; the transition to wallet security, where everyone uses smart contracts Wallet; transition to privacy, ensuring privacy-preserving fund transfers are feasible.
After the Dencun upgrade is completed, we can continue to pay close attention to the dynamics of these popular Layer 2 networks except Merlin:
Aribitrum and Optimism:
As the two Layer 2 networks with the largest number of users and the largest cumulative market value (TVL) in the current blockchain world, they have sufficient first-mover advantages. After the upgrade, Dencun may become the preferred network for new users and new funds to enter the Layer 2 field.
Polygon zkEVM：
Polygon zkEVM, which has shifted from the public chain market to embracing Ethereum Layer 2, has a natural market impetus compared to other Layer 2 projects. According to news on February 26, 2024, the 10-day time lock for the Polygon zkEVM mainnet Beta upgrade has been activated. Transaction information including the Elderberry proposal and upgrade contract has been released on GitHub and Etherscan, and is expected to be released in early March 2024. About to go online on the mainnet.
Put:
It will be launched in 2021 and developed using Optimistic Rollup. Metis in 2024 will be upgraded to Hybrid Rollup that combines the Optimistic Rollup architecture with Zero-Knowledge Proof (ZK). At present, Metis's sequencer has been launched on the Holesky test network on January 3, 2024 and opened for community testing. It also plans to launch a liquid staking application to allow community users to participate in node staking and obtain corresponding benefits.
Base：
Base's development focus in 2024 is to accelerate decentralization, while improving network availability, comprehensively reducing network fees, and bringing Coinbase's existing and new users, assets, and products to the chain. In the 2024 roadmap, Base mentioned the realization of communication between OP chains, continuous refinement and improvement of chain rules and optimistic RPGF, and is committed to establishing an innovative and dynamic decentralized on-chain economic ecology.
Line:
Although Linea, developed based on ZK Rollup and launched in July 2023, has a lower cumulative market value (TVL) than other Layer 2 projects, its strong development team background, rapidly growing number of transactions after launch, and sufficient funds, Many industry insiders believe that it may become one of the largest airdrop projects in 2024.
Summarize:
As the most popular public chain in the BTC ecosystem, Merlin Chain will have a huge follow-up space, and it will also drive the entire BTC ecosystem towards a better future, so you can pay more attention to it.