PANews reported on October 18 that investment research firm Messari analyzed Merlin Chain in detail in its latest research report, pointing out that as the leading EVM-compatible Bitcoin Layer 2, the platform is at the forefront of the market in terms of integrating Bitcoin native assets.
The report highlights that Merlin Chainâs total locked value (TVL) has reached $3.5 billion in March 2024, demonstrating its strong growth and widespread adoption in the market.
Merlin Chain is built using Polygon CDK and plans to transition to Bitcoin's second-layer zero-knowledge solution, demonstrating its foresight in blockchain technology innovation and practicality.
The report also specifically mentioned that Merlin Chainâs ecosystem revolves around Bitcoin native assets (such as Ordinals, BRC-20s, and Runes), and its applications cover DeFi, games, AI, and SocialFi, demonstrating its leadership in expanding the role of Bitcoin in the broader Web3 ecosystem.
