TechFlow reports that Merlin Chain, a Bitcoin Layer 2 platform, has surpassed $1.2 billion in total value locked (TVL) and recorded over $16 billion in bridging volume just six months after launch, making it the largest Layer 2 platform in the Bitcoin ecosystem.
Since its launch at the beginning of 2024, Merlin Chain has accumulated 1.9 million on-chain addresses and processed more than 12.7 million transactions. The platform now supports over 200 decentralized applications (dApps) across DeFi, BTCFi, gaming, and NFT sectors.
In June, Merlin Chain launched an ecosystem grant program allocating 210 million $MERL tokens.
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