According to Odaily Planet Daily, on April 12, Bitcoin's second-layer network Merlin Chain announced the Merlin's Phantom plan. The plan aims to enable free, instant, and barrier-free "exchanges" of Bitcoin assets in different ecosystems, and to obtain multiple empowerments through various forms, thereby retaining liquidity in the native community without issuing new assets. The main use cases of Merlin's Phantom include: currency exchange, migration of assets between different protocols, and interoperability of assets between multiple chains.