According to Merlin Chain on the X platform, 1 million Bitmap tokens have been airdropped to addresses that changed their social media platform name to X in February.

MerlinSwap, the leading DEX platform for Merlin Chain and the Bitcoin ecosystem, announced that it will support the growth of Rune assets on Bitcoin L2 and launch a $1 million incentive plan.MerlinSwap believes that Bitcoin L2 has significant potential to increase the value of Rune assets, reduce user transaction costs, encourage trading activity, and enhance the overall narrative of the Rune ecosystem.It is reported that this incentive plan will reward developers, liquidity providers, and community users of Runes and the Merlin Chain ecosystem. Cross-chain service provider UniCross and on-chain data analysis platform GeniiData will join the program as infrastructure providers and provide support.

Bitmap Tech officials stated on X platform that approximately 20% of airdrops failed due to the sudden rise in Gas, and the officials are resubmitting the airdrops to be sent to users' wallets as soon as possible.

Merlin Chain has announced the completion of a new round of financing, led by Spartan Group and Hailstone Labs, with participation from Amber Group, Presto Labs, and IOBC Ventures. The specific amount has not been disclosed yet.

MerlinStarter stated that due to a sudden surge in on-chain transaction volume, the Merlinchain RPC is experiencing congestion, and a large number of purchase, claim, and transfer requests are currently being processed. If DEX transactions are unsuccessful, please be patient. MerlinStarter stated that they are currently communicating with the Merlin technical team and expect to resume normal operations soon.

Merlin Chain's lending protocol Avalon Finance TVL exceeded $100 million and had over 7,000 users. In addition, Avalon Finance will launch a community airdrop program with a 20% airdrop ratio. Previously, Avalon Finance completed a $1.5 million seed round of financing in March, with SNZ Capital, Summer Capital, Matrixport Ventures, ViaBTC, Spark Digital Capital, and Web3Port Foundation among the participants.

According to official announcements, the first phase of the joint beta testing activity named "The Trumeme Show" by bitSmiley and bitCow officially commenced on April 8th, 11:00 (UTC). However, the Merlin Testnet experienced overload due to high visitor traffic. It is reported that the team behind bitSmiley is actively coordinating with the Merlin Testnet officials to expand capacity support, aiming to provide a better testing experience for all participants.

On April 7th, at the Hong Kong Web3 event co-hosted by Solv and Merlin, the two announced a partnership aimed at making SolvBTC an important entry point for Merlin Chain PoS staking. This collaboration is committed to providing users with secure and efficient staking services, further promoting the decentralization and security of the Merlin network. According to the latest data, 2000 M-BTC have already participated in staking for SolvBTC. Currently, the Solv Protocol's Bitcoin asset management volume has exceeded 2750 BTC, and the total TVL has exceeded $260 million.

The Merlin ecosystem gaming project BitRealms announced the completion of its Pre-Seed round of funding, with Comma 3 Ventures leading the investment, and Bitvalue Capital, Big Brain Holdings, Negentropy Capital, Bscstation, and Cogitent Ventures participating. The specific amount has not been disclosed yet. Currently, BitRealms is building an open metaverse and social game on the Merlin Chain, and enhancing the community gaming experience through the creation of inscriptions and BRC-420 NFTs. It is reported that the project has joined the NVIDIA Developer Program by NVIDIA.

The Bitcoin ecosystem's 10K Yin Yang Inscription NFT collection xMonkes officially launched its third staking period on Merlin Chain on March 1st. The first day's staking amount reached 1200 coins, and the staking rate exceeded 12%. The current floor price of xMonkes is 0.013BTC, and the number of holder addresses is 4850.