The new upgrade focuses on enhancing Bitcoin's utility and liquidity by facilitating multi-chain interactions and lowering entry barriers for users.
Merlin Chain's founder Jeff announced the release of the Merlin 2.0 upgrade, which aims to enhance Bitcoin's utility and liquidity as a chain currency. The update will focus on multi-chain interactions and lowering barriers for retail and institutional entry into the BTC ecosystem. This initiative follows the mainnet launch in February 2024, which has already facilitated over $3.8 billion in staked Bitcoin, contributing to the ecosystem's Total Value Locked (TVL) of approximately $2 billion, representing over 20% of the market.