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Messari Report: Merlin Chain is at the forefront of integrating Bitcoin native assets in the market

Messari Report: Merlin Chain is at the forefront of integrating Bitcoin native assets in the market

Bitget2024/10/18 06:33

The research institution Messari has conducted a detailed analysis of Merlin Chain in its latest report, pointing out that the platform is a leading Bitcoin Layer 2 compatible with EVM and is at the forefront of integrating native Bitcoin assets.

The report emphasizes that the total value locked (TVL) in Merlin Chain had reached $3.5 billion by March 2024, demonstrating its strong growth and widespread adoption in the market.

Merlin Chain was built using Polygon CDK and plans to transition to Bitcoin's second-layer zero-knowledge solution, showcasing its foresight in blockchain technology innovation and practicality.

The report also specifically mentions that Merlin Chain's ecosystem revolves around native Bitcoin assets (such as Ordinals, BRC-20s, and Runes), with applications covering DeFi, gaming, AI, and SocialFi sectors. This demonstrates its leadership role in expanding Bitcoin's role within a broader Web3 ecosystem.

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