.@MerlinLayer2 is a core project within the Bitcoin ecosystem, and their H1 2024 stats proves this:

> $1.2B TVL

> 12.7M transactions and $16B bridge volume

> 1.9M unique addresses

> 80% of Bitcoin native asset holders are Merlin Chain users

And the best part? These numbers are about to double with Merlin's latest partnership with Ethereum!

This collaboration is birthing a cross-chain bridge that will enable users to quickly transfer $MERL and $mBTC (wrapped $BTC ) between the Merlin chain and Ethereum chain.

I’m particularly impressed by this development, as it aligns with the DeFi ecosystem broader trend towards enhanced interoperability.

◢ The cross-chain bridge provides two options for asset transfers:

1️⃣ For small transfers (less than 1 mBTC or 100,000 $MERL), utilize the Merlin Fast Cross-Chain App for transactions processed in just 1-3 minutes.

2️⃣ For larger transfers (over 1 mBTC or 100,000 $MERL), the Merlin mBTC Bridge is recommended. While it may take up to 72 hours, it ensures greater security.

PS: The Merlin Foundation will distribute incentives to users interact with the protocol's cross-chain bridges. So get to work anon! 🫵