According to PANews, Merlin Chain, a Bitcoin second-layer network, announced that within 14 days of launching its mainnet staking event, the total value locked (TVL) has exceeded $1.97 billion. This figure includes $1.18 billion in BTC, $270 million in BRC-20 and other native Bitcoin assets, as well as $170 million in Ethereum and stablecoins.
The Ordinals ecosystem has shown high participation in Merlin Chain, with SATS, ORDI, and Bitmap accounting for 12.5%, 5.1%, and 26% of their total supply, respectively. Additionally, Merlin Chain's BRC-20 token, VOYA, has become the number one Altcoin in terms of the total number of network transaction addresses.