Research firm Messari published a report on Merlin Chain, highlighting its leading position as an EVM-compatible Bitcoin Layer 2 solution.

Merlin Chain’s Growth Strategy and Technical Infrastructure

According to Messari's report, the total value locked (TVL) in Merlin Chain reached 3.5 billion dollars by March 2024. This rapid growth is a sign of the network’s swift adoption and strong positioning in the market. Merlin Chain is built on the Polygon CDK structure and plans to transition to a zero-knowledge solution. This move reflects the network’s innovative spirit and its intent to expand future use cases.

Merlin Chain’s Future Goals

The ecosystem of Merlin Chain garners attention not only for its technical makeup but also for its wide range of applications. The blockchain network aims to broaden Bitcoin's role in the Web3 ecosystem, targeting more projects in areas such as DeFi applications, gaming, and SocialFi. These developments are part of Merlin Chain’s long-term strategies, reinforcing its leadership in the cryptocurrency world.

Conclusion

Merlin Chain is strengthening its position in the cryptocurrency sector through technological innovations and strategic growth plans, making it an appealing choice for both developers and users.

Merlin Chain is solidifying its role in the cryptocurrency industry by supporting innovation and expanding application areas.