BTC Transfers Exceed $12.9 Billion!

Most important points:

• Merlin Chain sees more than 190,000 BTC transferred, totaling $12.9 billion, and competes with top exchanges like Binance and Coinbase.
• BTC converts to M-BTC and SolvBTC, with $630 million already flowing to more than 10 public chains, increasing liquidity and return opportunities.
• With plans to integrate more public chains, Merlin Chain offers broader liquidity options and redefines the accessibility of DeFi.

Merlin Chain has witnessed an unprecedented surge in BTC transfers over the past 45 days.

With more than 190,000 BTCs traded, worth a total of $12.9 billion, Merlin Chain has become a formidable player in the crypto landscape, trailing only industry giants Binance and Coinbase.

Merlin Chain’s meteoric rise underlines its increasing prominence among cryptocurrency enthusiasts looking for efficient and cost-effective solutions for BTC transactions. Merlin Chain’s decentralized infrastructure surpasses leading centralized exchanges such as OKX and Bybit, offering users an attractive alternative for managing their digital assets.

Innovative tokenization strategy drives liquidity increase

See also  'Tends to Happen on Wall Street' – Morgan Creek's Mark Yusko Explains How Bitcoin ETFs Contribute to BTC Chop

Central to Merlin Chain’s appeal is its innovative approach to tokenization. BTC transferred over the network is converted into the second-layer mapping token M-BTC, a process that improves liquidity and increases utility. Additionally, a portion of M-BTC will be further converted into SolvBTC, an interest-bearing multi-chain token, increasing the potential returns for investors.

The network has over 5,275 M-BTC and 4,009 SolvBTC, collectively valued at approximately $630 million. These assets have flowed seamlessly to more than 10 public chains, including Ethereum, BNB Chain, Arbitrum, Manta, Mode, Linea, B^2, and Zk.link. This strategic diversification provides enhanced liquidity across multiple ecosystems while meeting the diverse needs of users.

Merlin Chain aims to expand its footprint by integrating with additional public chains, expanding the reach of its liquidity pool. By offering seamless interoperability and robust liquidity facilities, Merlin is poised to redefine the decentralized finance (DeFi) landscape, giving users greater financial autonomy and flexibility.