According to the Odaily Planet Daily report, the Bitcoin second-layer network Merlin Chain announced that M-Token has been officially launched, with no gas required and completely free of charge. M-Token is a mapped asset generated by users pledging tokens in Merlin Chain. It is used to experience products and interactive protocols in the Merlin Chain ecosystem, improve asset utilization and witness ecological development. Merlin Chain will first start minting M-BTC within 24 hours, and other M-Tokens including M-SATS and M-ORDI will gradually start minting subsequently. It is reported that since the launch of the mainnet staking activity, Merlin Chain’s TVL has exceeded US$3.2 billion within 30 days, including BTC worth US$1.95 billion, US$870 million of native Bitcoin network assets such as BRC-20 and Bitmap, and US$4.2 billion in Ethereum, stablecoins and other assets. With the launch of M-Token, more than $3.2 billion in liquidity will be released.