Merlin Chain releases 2024 first half review: $1.2 billion TVL, $16 billion bridge inflow, $3 billion on-chain transaction volume
ChainCatcher news, Bitcoin Layer 2 network Merlin Chain releases its semi-annual report, reviewing its growth trajectory in the first half of 2024, as well as milestones in various aspects such as public chain, growth, ecology, and technology------breaking records for mainnet TVL, the most prosperous application ecosystem, and the most solid user community, setting an industry benchmark for Bitcoin Layer 2. This includes:$200 million TVL, $16 billion in bridging volume, 1.9 million on-chain addresses, 12.7 million transactions;TVL on the mainnet exceeded $3.9 billion in 50 days (88% from native assets like BTC, Ordinals), with M-BTC's market cap reaching $1.2 billion in the first half of the year;Bridged $16 billion in Bitcoin, $1.6 billion in spot trading, $1.4 billion in perpetual contract trading, and over $1 billion in cross-chain assets, becoming a mainstream Bitcoin hub;Asset trading volume exceeded $3 billion, with DEX liquidity surpassing $78 million;Incubated No. 1 industry-leading applications in DEX, cross-chain bridges, lending, infrastructure, entertainment, etc. (UniCross, Solv Protocol, Surf Protocol, Avalon Labs, MerlinSwap, MerlinStarter, etc.);Launched a comprehensive security framework and on-chain architecture, collaborating with industry leaders Celestia, Cobo, Slowmist, etc., to create a secure and transparent on-chain environment;The release rate of MERL will significantly slow down in the second half of the year, with only 0.4% released over the next 12 months.It is reported that Merlin Chain plans to continue its efforts in technology, ecology, and community in the second half of the year, further leading industry standards and promoting the sustainable development of the Bitcoin ecosystem.