🔥🔥 🔥 Overview of Merlin Chain - The first Layer 2 on Bitcoin!!!

➡️ Merlin Layer2 is currently a protocol that promises to explode strongly at this time, you need to pay attention.

➡️ Merlin Chain is a Layer 2 on Bitcoin that aims to overcome the core weakness of the Bitcoin network which is scalability. Merlin Chain is also compatible with the Ethereum virtual machine - EVM, powered by Polygon and Lumoz allowing developers to easily build DApps and BTC ecosystem assets (BRC20, Ordinals, BRC420).

- Let's take a look at some of Merlin's important milestones:

1️⃣ Merlin's parameters achieved:

- Merlin's TVL has reached 1 billion $ (~$3 billion including Merlin Seal), this protocol has become the largest protocol of Bitcoin L2s in just 1 month.

- More than 50 projects have been released and there are more than 150 projects in development.

- $MERL token will be listed on CEX exchanges such as OKX, Hashkey, WOO, Bitget,... on April 19, 2024.

2️⃣ Merlin Chain has gradually improved and developed its ecosystem:

– DEX: MerlinSwap & izumi_Finance

– Bridge: Mesonfi & PolyhedraZK

– Launchpad: Merlin Starter

– BRC-420 DeFi application: Mner Club

3️⃣ Merlin is showing the power and potential of BTC-fi when collaborating with big names:

– Cobo Global: MPC bridge.

– Stake Stone: Restaking.

– Bitsmiley: Bitcoin's original stablecoin (BitUSD).

– Trondao: Enhancing Bitcoin interoperability and financial access.

Although it has not been officially listed, OTC has priced #MERL at $1.78 (with a total supply of 2.1 billion), FDV reached $3.7 billion.