The analysis company Messari has published a new research report on Merlin Chain (MERL). The report draws attention to Merlin Chain’s leading position in the industry as an EVM-compatible Bitcoin Layer 2 solution. It is emphasized that this network, which provides strong integration with Bitcoin’s native assets, has gained an important place in the cryptocurrency world.
Merlin Chain’s Growth Strategy and Technical Infrastructure
Messari’s research noted that the total value of assets locked in Merlin Chain (TVL) reached $3.5 billion in March 2024. This rapid growth indicates that the network is rapidly being adopted and has a strong position in the market.
Merlin Chain is built on Polygon’s CDK framework. It also announced that it plans to switch to a zero-knowledge solution on Bitcoin Layer 2 in the future. This move shows that the network is not only innovative but also wants to expand its future use cases. Thanks to technological innovations, Merlin Chain is becoming an attractive option for both developers and users.
The report also touched on the network’s ecosystem around Bitcoin-based assets. These assets include important products such as Ordinals, BRC-20, and Runes. With these products, Merlin Chain offers innovative solutions in various areas such as DeFi, gaming, artificial intelligence, and social finance (SocialFi).
Future Goals of Merlin Chain
Merlin Chain’s ecosystem stands out not only for its technical infrastructure but also for its wide range of uses. The blockchain network is working to expand Bitcoin’s role in the Web3 ecosystem.
It aims to host more projects in areas such as DeFi applications, gaming, and SocialFi. All these developments are seen as part of Merlin Chain’s long-term strategies. Messari’s research reinforces Merlin Chain’s leadership in the cryptocurrency world. It is noticeable that the network strengthens its position in the sector by using innovative technologies and offers an attractive option for users and investors.
