Within 14 days of the mainnet launch, Merlin Chain's TVL reached nearly $2 billion, surpassing Blast.

According to official sources, the mainnet staking activity for Merlin Chain, a Bitcoin Layer 2 network, has surpassed $1.97 billion in total value locked (TVL) within the first 14 days of launch, overtaking Blast, the Ethereum Layer 2 network launched in November last year. This includes $1.18 billion worth of BTC, $270 million worth of BRC-20 and other native assets of the Bitcoin network, as well as $170 million worth of Ethereum, stablecoins and other assets. It is reported that the participation of Ordinals ecosystem in Merlin Chain is extremely high, with SATS staked on Merlin Chain accounting for 12.5% of its total supply, ranking second only to Binance (30%) and surpassing OKX (7.3%). ORDI ranks third with 5.1% of the total supply, while Bitmap accounts for 26% of the total supply. In addition, VOYA, the BRC-20 token fairly launched on Merlin Chain, has become the top altcoin in terms of total trading addresses on the network.