According to Foresight News, MerlinSwap, a decentralized exchange (DEX) project within the Merlin Chain ecosystem, has reached a total value locked (TVL) of over $100 million, with a peak daily trading volume of $70 million. This achievement makes MerlinSwap the largest DEX in the Bitcoin ecosystem.
MerlinSwap is a DEX featuring discrete concentrated liquidity automated market maker (AMM), allowing users to complete limit order transactions in a decentralized manner. Previously, MerlinSwap completed a community initial DEX offering (IDO), raising a total of $480 million in funds, with the aim of providing efficient liquidity services for the Bitcoin ecosystem.
