Merlin Chain has launched Merlin 2.0, a strategic upgrade targeting enhanced Bitcoin utility via BTCFi ecosystem growth, chain abstraction technology, and AI-powered applications. The initiative aims to lower accessibility barriers for Bitcoin holders while boosting liquidity participation in multi-chain environments.
Focusing on three core pillars, Merlin 2.0 prioritizes BTCFi expansion, chain abstraction for seamless cross-chain asset swaps, and AI-driven tools like Merlin Wizard to facilitate yield generation opportunities. This integrated approach seeks to transform Bitcoin from a passive asset into an active participant in decentralized ecosystems.
Supporting over $3.8 billion in Bitcoin assets since its February 2024 mainnet deployment, Merlin Chain has enabled projects including Solv, Bedrock, Avalon, and Babylon. The ecosystem now commands approximately $2 billion in Bitcoin-native Total Value Locked, representing more than 20% of the BTCFi market segment.
The advancement positions Merlin as a foundational layer for Bitcoin-centric financial products, expanding use cases beyond traditional storage through decentralized infrastructure tailored for new generation applications.