According to official sources, on March 2nd, the mainnet staking activity of Bitcoin layer 2 network Merlin Chain has lasted for 23 days, with TVL exceeding 3 billion US dollars. Among them, Bitcoin ecological assets accounted for as much as 91%, including BTC worth 1.75 billion US dollars and BRC-20 assets worth 980 million US dollars.

Merlin Chain announced that it has established a strategic partnership with TRON DAO to expand the interoperability, practicality, and financial accessibility of Bitcoin.

The all-round cryptocurrency trading platform BIT reached a cooperation with Merlin Chain, as the official custody cooperation to support ETHS pledge, becoming the exclusive channel for users to pledge ETHS and accumulate airdrop M points. Users can deposit ETHS into the Merlin pledge area of the BIT trading platform, click on Merlin pledge and select the pledge amount. BIT will synchronize the M points of the pledging users every day, and lock the airdrop of Merlin Chain governance token MERL. This function is expected to be launched at the end of February.

The mainnet staking activity of Bitcoin's Layer 2 network, Merlin Chain, has exceeded a total TVL of $1.97 billion within 14 days of its launch, surpassing Ethereum's Layer 2 network Blast, which was launched in November last year. This includes Bitcoin network native assets worth $1.18 billion, $270 million in BRC-20, and Ethereum, stablecoins, and other assets worth $170 million. It is reported that the participation of the Ordinals ecosystem in Merlin Chain is extremely high. Currently, SATS staked in Merlin Chain accounts for 12.5% of its total supply, ranking second, surpassing OKX (7.3%) and second only to Binance (30%); ORDI accounts for 5.1% of the total supply, ranking third; Bitmap accounts for 26% of the total supply. In addition, the BRC-20 token VOYA, which was fairly launched by Merlin Chain, became the number one Altcoin in terms of the number of trading addresses on the entire network yesterday.

On-chain data shows that BRC-420 assets worth over $176 million have entered the Merlin Chain staking activity, equivalent to 3,825 BTC. These include 3,150 BRC-420 (Blue Box), 20,099 This Song About NFTs (Music Box), and 15,853 Mineral.