MERL (Merlin Chain) rose 8.06% in the last 24 hours.

Gate News Bot news, on September 1st, according to CoinMarketCap, as of the time of writing, MERL (Merlin Chain) is currently reported at $0.12, with a rise of 8.06% in the last 24 hours, reaching a high of $0.13 and a low of $0.11. The current market capitalization is approximately $115 million, an increase of $8.57 million compared to yesterday.

Merlin Chain is a Layer2 network native to Bitcoin, aimed at unlocking the potential of Bitcoin by supporting native L1 assets, users, and protocols. As an EVM-compatible chain, Merlin Chain offers low fees and high scalability, ensuring fast transaction processing and enhanced transaction liquidity. The chain supports various Bitcoin protocols such as BRC20, BRC420, Bitmap, Atomicals, Pipe, and Stamp, allowing a wider range of users to interact on Bitcoin Layer2. Merlin Chain implements ZK-Rollup technology to enhance efficiency and scalability, managing data transmission through decentralized oracles to ensure transparency and security. The project is committed to fair launches and community-driven native innovation, providing unique solutions for the Bitcoin network and its users.

Recent important news about MERL:

1️⃣ Merlin Chain launches a $210 million ecosystem incentive program Merlin Chain announced on June 20, 2024, the launch of an ecosystem incentive program named "Merlin's Adventure" with a total of up to $210 million in MERL tokens. The program aims to attract developers and projects to join the Merlin Chain ecosystem, promoting the network's growth and innovation. This large-scale investment highlights the commitment of the project team to the development of the ecosystem and is expected to attract more high-quality projects and talent, driving an increase in MERL token demand.

2️⃣ Merlin Chain becomes the largest Layer 2 network for Bitcoin In just six months, the total locked value (TVL) of Merlin Chain has surpassed $12 billion, making it the largest Layer 2 network in the Bitcoin ecosystem. This rapid rise reflects the strong demand and confidence in Merlin Chain's solutions in the market, while also proving its important role in enhancing the scalability and usability of the Bitcoin network. The significant increase in TVL may have a positive impact on the price of MER.

3️⃣ MERL token officially launched, marking a significant advancement in Bitcoin Layer 2 solutions The official release of the MERL token marks significant progress in Bitcoin Layer 2 solutions. Merlin Chain, as an EVM-compatible Bitcoin Layer 2 network, greatly enhances the transaction processing capacity and efficiency of the Bitcoin network through the integration of ZK-Rollup technology. The launch of the MERL token provides users with the opportunity to participate in network governance and ecosystem development, which may attract more investors and user attention.

The continuous innovation and ecosystem expansion of Merlin Chain are driving the rise of the MERL token price. As more developers and projects join the ecosystem, the demand for MERL may further increase. However, investors need to carefully consider the high volatility and potential risks of the cryptocurrency market.

This message is not intended as investment advice; investors should be aware of market volatility risks.