Research firm Messari recently published a report on Merlin Chain (MERL), emphasizing its leading position as an EVM-compatible Bitcoin 
$92,643 Layer 2 solution. The report pointed out that this network has carved out a significant place in the cryptocurrency world, notably through its strong integration with Bitcoin’s native assets.
Merlin Chain’s Growth Strategy and Technical Infrastructure
Messari’s findings indicated that 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‘s CDK structure and plans to transition to a zero-knowledge solution in its Bitcoin Layer 2 framework in the future. This move not only reflects the network’s innovative spirit but also its intention to expand future use cases. Through technological advancements, Merlin Chain is becoming an attractive option for both developers and users.
Merlin Chain’s Future Goals
The ecosystem of Merlin Chain draws attention not only for its technical infrastructure but also for its wide range of application areas. The blockchain network aims to broaden Bitcoin’s role in the Web3 ecosystem.
It targets hosting more projects in areas like DeFi applications, gaming, and SocialFi. These developments are seen as part of Merlin Chain’s long-term strategies, reinforcing its leadership in the cryptocurrency world. The network’s utilization of innovative technologies strengthens its position in the sector, making it an appealing option for users.
