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In the past 14 days since the launch of Merlin Chain's mainnet, its TVL (Total Value Locked) has nearly reached 2 billion USD, surpassing Blast

In the past 14 days since the launch of Merlin Chain's mainnet, its TVL (Total Value Locked) has nearly reached 2 billion USD, surpassing Blast

2024/02/23 03:29

According to official news, the mainnet staking event of Bitcoin's second-layer network, Merlin Chain, has broken through $1.97 billion in total TVL within 14 days of its launch, surpassing Ethereum's second-layer network Blast that went live last November. This includes $1.18 billion worth of BTC and BRC-20 native assets from the Bitcoin network as well as $170 million worth of Ethereum and stablecoin assets. It is reported that Ordinals ecosystem has a high level of participation in Merlin Chain. Currently, SATS staked on Merlin Chain account for 12.5% of its total supply, ranking second; ORDI accounts for 5.1% of the total supply, ranking third; Bitmap accounts for 26% of the total supply. In addition, VOYA - a BRC-20 token fairly launched on Merlin Chain - became yesterday the Altcoin with the highest number of transaction addresses across all networks.

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