On July 21, according to the official announcement, Merlin Chain unveiled Merlin 2.0, proposing the development direction of "Reinvent Bitcoin: Hold, Earn, Invest", dedicated to expanding Bitcoin from a "value storage" to a "yield-generating and deployable core asset". Merlin 2.0 focuses on three major directions: BTCFi expansion, chain abstraction technology, and AI applications (such as Merlin Wizard), further enhancing BTC's liquidity and utility in multi-chain ecosystems, while lowering the usage threshold, allowing users to participate in various investment opportunities across chains without exchanging other assets, and conveniently achieving BTC holding, earnings generation, and liquidity participation.
As previously reported, since the mainnet launch in February 2024, Merlin Chain has driven the rise of BTCFi, giving birth to multiple representative projects including Solv, Bedrock, Avalon, and Babylon, with a cumulative BTC staking of over $3.8 billion on-chain. Currently, the Merlin-related ecosystem has contributed approximately $2 billion in BTCFi TVL, accounting for over 20%.
