On September 9, Bitcoin's second-layer network Merlin Chain released its semi-annual report, reviewing its growth trajectory in the first half of 2024, as well as milestones in public chains, growth, ecology, and technology - record-breaking mainnet TVL, the most prosperous application ecology, and the most solid user community, setting an industry benchmark for Bitcoin Layer2. Including:
$200 million TVL, $16 billion bridge volume, 1.9 million on-chain addresses, 12.7 million transactions;
· 50 days after the mainnet was launched, TVL exceeded 3.9 billion US dollars (88% of which were native assets such as BTC and Ordinals), and the market value of M-BTC reached 1.2 billion US dollars in the first half of the year;
Bridging $16 billion in Bitcoin, $1.6 billion in spot transactions, $1.4 billion in perpetual contract transactions, and more than $1 billion in cross-chain assets, becoming a mainstream Bitcoin hub;
· Asset trading volume exceeded 3 billion US dollars, and DEX liquidity exceeded 78 million US dollars;
Incubate No.1 industry-leading applications in DEX, cross-chain bridges, lending, infrastructure, entertainment, etc. (UniCross, Solv Protocol, Surf Protocol, Avalon Labs, MerlinSwap, MerlinStarter, etc.);
Launch a comprehensive security framework and on-chain architecture, and join forces with industry leaders such as Celestia, Cobo, Slowmist, etc. to jointly create a secure and transparent on-chain environment;
The release rate of MERL will slow down significantly in the second half of the year, with only 0.4% released in the next 12 months.
It is reported that Merlin Chain plans to continue to make efforts in technology, ecology and community in the second half of the year to further lead industry standards and promote the sustainable development of the Bitcoin ecosystem.
