🧙‍♂️The holiday is over, and I bring you the familiar summary of the Merlin Monday live broadcast organized by @OrdRevolution. The boss (@BitmapTech) talked about the three development directions of Merlin (@MerlinLayer2), the application direction of combining with Telegram, and the second chance of Bitcoin.

1. Three development directions of Merlin Chain

I think with Merlin, we have been determined to move in two directions, one is BTCFi, one is Bitcoin native assets, and the other is mass adoption.

First of all, when BTCFi happens this year, I mean, in two days, Babylon is going into their second phase. I think this time they're definitely going to have over a billion dollars worth of Bitcoin, you know, for phase two. I mean, it's good for everybody, even if you're not involved, because more Bitcoin is locked up, which is good for Bitcoin. It's good for the entire Bitcoin narrative, whether it's lending, whether it's decentralized exchanges, whether it's decentralized finance, or whatever. It's also going to bring more attention to the Bitcoin ecosystem because for real outsiders, I mean, if they're playing Solana or Ethereum, they really don't care about Bitcoin. So I think that's BTCFi. We've got a lot of things going on there. Basically every major partner is playing a huge role in BTCFi. We have about $2 to $3 billion worth of Bitcoin value from burning to Babylon to all these staking and re-staking solutions. Yeah, but that part is a little boring.

The second part is the native assets. In October, sure, we talked about BTC FUN before, they contacted us and they're going to have this pump fun-like experience, but very different. So I think, they're going to release their main features this week. So if you follow Twitter, they're releasing some features there. They talked to us today, and I think they're trying to build something big, they're going to have a big airdrop in the next few days, you know I don't want to reveal too much about other users, but yeah, they're going to airdrop real money to users, not their altcoins or anything like that. They're going to airdrop real money to users, and they're also going to help a lot of charity work and animals around the world. So I think, just keep an eye on them, I think it's going to be really cool. They're only native to Bitcoin layer one, so you don't need to use any other wallets or other chains, just hold your address on layer one, and you'll receive real money, and you'll also receive, whatever they're trying to build.

The third path that we're trying to go down, and we've spent a lot of time on it over the last two or three months, and I think I talked about it a little bit before, is mass adoption, getting mass adoption of Bitcoin assets. So we're continuing, continuing to support all of these Telegram apps, like Surf. I think Surf is also going all in on Telegram, even though they may not have seen anything here yet. But I mean, I'd love to reveal all of that stuff for them. I think Unicross is also coming to Telegram, so, yeah, like they're still using their old UI product, they're still embracing their old community, but they're trying to attract more users, you know, because right now, if we stick with all of these Bitcoin layer one users, right now the growth just isn't there, and to be honest, we have to face that fact, the growth just isn't there, so we have to get more users to understand what's going on in the Bitcoin ecosystem. So I think those three directions are the three big things that Merlin is going to do in the future. BTCFi, Bitcoin native assets, and mass adoption.

2. Merlin supports developers in using Telegram

It depends on what kind of decentralized finance you want to use. First of all, if you have a Unisat or Xverse wallet, joining Telegram is actually seamless. Why? Because there are some in-app wallets for Telegram, like OKX and Ton, and we've invested in a lot of those. You can copy and paste your private key into their wallet. I mean, don't worry, they're not going to steal your money because they're very, very well-known builders that Binance Labs, Polychain, Pantera, and all these guys have invested in. So it's like, you can use your Xverse or Unisat wallet, private key, whatever. Go there and create a wallet, connect to your Telegram account, and then you'll have a multichain OKX, but this time it's Telegram-branded, and you can do whatever decentralized finance you want to do, trade. If you're trading with Spot, of course you're connected to Bitcoin Layer 1 and Merlin Chain. If you're trading perpetual contracts, you may not be connected to any chain. If you're doing play-and-earn games, fighting, social trading, whatever it is, it depends on the situation. But what we support is, because if you're a builder and you're building in a track, you know, yeah. So for example, Surf, you're building perpetual contracts, or Unicross, you're building Spot and bridging Runes and Bitcoin. It's going to be hard for you to compete with everybody else on day one because every other builder is so great. So what we support is, we provide liquidity, we bring users, we bring marketing campaigns to these builders so that it's easier for them to get to market, they can have a smoother launch on day one. And of course, when they have users, they'll prioritize, they'll prioritize Bitcoin assets, make sure people go there first to try Bitcoin assets, understand what's going on here. So I don't think it's something that can be done in a month or a quarter, but I definitely think mass adoption is the key narrative for this forum.

3. A very interesting application angle of Telegram and contracts (the class representative thinks this just solves the so-called problem of low user value of ton)

The problem is right now, if you go to Telegram first, you're facing Web 2 or Web 2.5 users, or some free users. So you have to make sure these users don't deposit much money, $10, $20 to get started. Of course, like Robit (I saw it before and I forgot the name), I don't know if you have tried Robit before, they do 1,000 times the perpetual contract trading for retail investors. They have billions of dollars in trading volume every day, they are the largest. Yeah, billions of dollars in trading volume is crazy. Wow, so these users, they can access thousands of meme coins across different chains, so you don't need to be listed on Binance, you don't need to be listed on OKX, it can be Solana, it can be Merlin, it can be Bitcoin, it can be a variety of assets. Everyone can do this small but highly leveraged perpetual contract trading. And the whole experience will be very, very like, entertaining and exciting, like TikTok. So you go there, you find a coin, and then you're like you go long or short, and 5 seconds later, 10 seconds later, you know you made some money or you lost some money. And then you switch, you switch to the next coin. So the whole experience, you don't feel like you're trading, if you go to Binance now, if you go to Coinbase now, you feel like you're trading, and those interfaces actually scare me. Like I don't want to go to Binance every day to do perpetual contracts trading, it scares me. But if you give me an interface like Tinder or TikTok, I'm doing $1, $5 per second, if I go to take a bus or subway, I can do some perpetual contracts trading. If I go to the bathroom, I can do perpetual contracts trading. So it can be very, very, entertaining and fluid. And of course, this is perfect for everyday users because you guys don't go to a decentralized exchange every day, it's too complicated, and of course you're like, you're playing a game with the best players in the world, which means there's a good chance you're going to lose. So, so Telegram is something completely different. That's why, TikTok can actually get more users than Facebook, because users are getting more and more depraved and impatient.

4. How to attract users with Telegram

We've been trying out a few ideas. Telegram has its advantages, for sure, it does have a large user base. So we're thinking about how we can leverage our infrastructure on Merlin to really tap into that user base. One way we see that is through a very gamified way of attracting new users and giving them their first experience with Bitcoin, or even their first experience with the Bitcoin native asset.

It's a lot of work to come up with a very comprehensive plan. It's still in the very early planning stages, to be honest. I wish I could share more with you guys, but we can't reveal too much until things are finalized. All I can say is that with Telegram and the mini-program ecosystem, there are a lot of aspects that have not been explored beyond your kind of click, click, click game, in terms of how you can use it to do things. So we're really looking into that. There's a lot of discussions. And yes, we'll talk more about it as the plan matures.

5. Sharing of speeches on Bitcoin at the conference

It's not easy to talk to people who are not convinced right now. Most of the time I'm talking to people who are in the native ecosystem, and then you have to think outside the box and talk to people who either don't understand Bitcoin or don't understand the entire Bitcoin ecosystem or don't even know the entire Bitcoin ecosystem. So this is refreshing. I will definitely be more active in offline events in Malaysia because there are a lot of Bitcoin OGs there, there are a lot of developers to attract to the Bitcoin ecosystem and the Bitcoin layer 2 ecosystem. So this will be, I'll make it one of my top priorities here, to continue to expand it. I'm very excited, I'm very, very excited to share this with people who are much younger than me and much more talented than me.

In my talk at the Bitcoin Malaysia conference, I was actually talking about, comparing it to gold. A gold bar might be worth $50,000, jewelry is worth about $75,000. When you're talking about gold used in semiconductors, you can take that gold bar from $50,000 to $150,000. When you're talking about things like space travel, where you need gold as a reflector, the value of a gold bar becomes astronomical, so it's the same thing. Bitcoin was once a currency, and then it was a store of value. Runes, with Ordinals, Bitcoin was a store of data. And then with tokens on top of Bitcoin, that added a whole new value to the Satoshi that you actually hold. So that value keeps increasing, and increasing, and increasing. And then when you get to the point where we have layer two, like Merlin, Bitlayer, Babylon, all these different layer twos, it just increases the value of the Satoshi exponentially. So that's a very natural trajectory that we're going to see. BTCFi is going to explode into the market in a very, very violent way. You may not see it right now because we're all building, but the time is coming, guys, now is truly the best time to explore Bitcoin, the best time to buy Bitcoin assets at the best price, the best time to participate in the ecosystem because now is the time, if you missed out on $5 Bitcoin, this is your second chance, really.

The above is a personal note, for sharing only, and does not constitute investment advice. If there are any errors, please correct them. $MERL