PANews reported on April 17 that according to The Block, Bitcoin Layer 2 solution Merlin Chain announced the completion of a new round of financing jointly led by Spartan Group and Hailstone Labs, with participation from Amber Group, Presto Labs and IOBC Ventures.
Merlin Chain is a Bitcoin Layer2 that integrates the ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud prevention module. Since the last round of financing, the Merlin Chain mainnet has been successfully launched. The platform has facilitated more than 9 million transactions and hosted more than 70 live projects with a total locked value (TVL) of more than $4 billion.