PANews reported on May 29 that according to official news, in the past 45 days, the number of BTCs that have been transferred across the Bitcoin second-layer network Merlin Chain has exceeded 190,000, with a total value of US$12.9 billion, second only to Binance and Coinbase, and exceeding leading centralized exchanges such as OKX and Bybit.

BTC will be converted into the second-layer mapping token M-BTC through Merlin Chain, and part of it will be converted into the multi-chain interest-bearing token SolvBTC. At present, more than 5,275 M-BTC and 4,009 SolvBTC (with a total value of approximately US$630 million) have flowed into more than 10 public chains including Ethereum, BNB Chain, Arbitrum, Manta, Mode, Linea, B^2, and Zk.link, and will be expanded to more public chains in the future to provide a wider range of liquidity.