PANews reported on July 21 that Merlin Chain announced the brand new Merlin 2.0, proposing the development direction of 'Reinvent Bitcoin: Hold, Earn, Invest', aiming to expand Bitcoin from a 'store of value' to a 'yield-generating, deployable core asset'. Merlin 2.0 focuses on three main directions: BTCFi expansion, chain abstraction technology, and AI applications (such as Merlin Wizard), further enhancing the liquidity and usability of BTC in the multi-chain ecosystem, while lowering the entry barrier for BTC usage, allowing users to participate in various investment opportunities across chains without needing to exchange for other assets, conveniently achieving BTC holding, earning, and liquidity participation.
According to previous reports, since the mainnet launch in February 2024, Merlin Chain has driven the rise of BTCFi, giving birth to several representative projects including Solv, Bedrock, Avalon, and Babylon, with over $3.8 billion in BTC staked on-chain. Currently, the Merlin-related ecosystem contributes approximately $2 billion in BTCFi TVL, accounting for over 20%.
