In a significant development, Merlin Chain, a native Bitcoin Layer 2 blockchain, has announced its support for Bitcoin. This move will enable holders of the world's most valuable cryptocurrency to start leveraging DeFi (Decentralized Finance) capabilities.

Merlin Chain's support for Bitcoin is a significant step towards integrating traditional cryptocurrencies with the rapidly evolving DeFi sector. This integration will provide Bitcoin holders with access to a wide range of financial services, including lending, borrowing, and yield farming, which were previously inaccessible in the traditional financial system.

This development further underscores the growing influence of DeFi in the blockchain and cryptocurrency space. It also highlights the potential of Layer 2 solutions in enhancing the functionality and scalability of established cryptocurrencies like Bitcoin.

In conclusion, the support of Bitcoin by Merlin Chain is a noteworthy development in the blockchain industry, potentially opening up new opportunities for Bitcoin holders and the broader DeFi ecosystem.