The development of Merlin Chain is due to strategic cooperation with key participants in the blockchain field, providing necessary technical infrastructure and support for the operation and growth of the network. For example, Merlin Chain collaborates with well-known technology providers to enhance data availability, optimize ZK-Rollup performance, and ensure secure integration with the Bitcoin underlying layer.
These partnerships are not limited to technical support. By partnering with well-known entities in the crypto space, Merlin Chain has gained access to a wider user base and stronger development resources. This is critical to building the credibility of the network and has attracted many developers to take advantage of Merlin's capabilities.
The growth of the Merlin Chain ecosystem is closely linked to its community-driven development initiatives. One of the core elements is Ecosystem Grant Program, where 40% of the total MERL token supply is allocated to support developers building projects on Merlin Chain. The program funds innovative applications in decentralized finance (DeFi), gaming, social platforms, and more. By providing funding and technical support, Merlin Chain incentivizes developers to create new tools and services that extend the functionality and reach of the network.
Merlin Chain also actively engages with the community by hosting events, hackathons, and educational programs. These efforts are aimed at building a strong community of developers committed to the long-term success of the web.
Since the launch of the autonomous network, Merlin Chain's application ecosystem has grown rapidly, with more than 200 decentralized applications (dApps) in operation. Spanning multiple domains, from DeFi protocols to gaming and social platforms, these dApps take full advantage of the scalability and low transaction costs offered by Merlin's Layer 2 architecture.
Decentralized finance remains the main focus, with many DeFi projects leveraging Merlin Chain for activities such as lending, liquidity provisioning, and more. This is further enhanced by Merlin Chain's EVM compatibility, making it easy to port Ethereum-based dApps to Merlin, enabling cross-chain functionality and expanding the range of financial products available.
In the gaming field, Merlin Chain supports multiple blockchain-based games, which benefit from faster transaction speeds and lower fees. Many games combine non-fungible tokens (NFTs) and other digital assets, providing users with new ways to participate in and monetize gaming experiences.
Going forward, the development team has laid out a clear roadmap for Merlin Chain, which includes continued enhancements to the network's scalability, security, and functionality. The roadmap also prioritizes expanding the ecosystem through new partnerships, integrations with other blockchain networks, and the introduction of more advanced features like Layer 3 enhancements.
The current governance structure relies on a set of orderers, but the goal in the future is to transition to a fully decentralized model that gives the community more control. This shift is expected to enhance the resilience of the network and further align its development with the principles of decentralization, supporting the broad development of the blockchain space.
bright spot
The development of Merlin Chain is due to strategic cooperation with key participants in the blockchain field, providing necessary technical infrastructure and support for the operation and growth of the network. For example, Merlin Chain collaborates with well-known technology providers to enhance data availability, optimize ZK-Rollup performance, and ensure secure integration with the Bitcoin underlying layer.
These partnerships are not limited to technical support. By partnering with well-known entities in the crypto space, Merlin Chain has gained access to a wider user base and stronger development resources. This is critical to building the credibility of the network and has attracted many developers to take advantage of Merlin's capabilities.
The growth of the Merlin Chain ecosystem is closely linked to its community-driven development initiatives. One of the core elements is Ecosystem Grant Program, where 40% of the total MERL token supply is allocated to support developers building projects on Merlin Chain. The program funds innovative applications in decentralized finance (DeFi), gaming, social platforms, and more. By providing funding and technical support, Merlin Chain incentivizes developers to create new tools and services that extend the functionality and reach of the network.
Merlin Chain also actively engages with the community by hosting events, hackathons, and educational programs. These efforts are aimed at building a strong community of developers committed to the long-term success of the web.
Since the launch of the autonomous network, Merlin Chain's application ecosystem has grown rapidly, with more than 200 decentralized applications (dApps) in operation. Spanning multiple domains, from DeFi protocols to gaming and social platforms, these dApps take full advantage of the scalability and low transaction costs offered by Merlin's Layer 2 architecture.
Decentralized finance remains the main focus, with many DeFi projects leveraging Merlin Chain for activities such as lending, liquidity provisioning, and more. This is further enhanced by Merlin Chain's EVM compatibility, making it easy to port Ethereum-based dApps to Merlin, enabling cross-chain functionality and expanding the range of financial products available.
In the gaming field, Merlin Chain supports multiple blockchain-based games, which benefit from faster transaction speeds and lower fees. Many games combine non-fungible tokens (NFTs) and other digital assets, providing users with new ways to participate in and monetize gaming experiences.
Going forward, the development team has laid out a clear roadmap for Merlin Chain, which includes continued enhancements to the network's scalability, security, and functionality. The roadmap also prioritizes expanding the ecosystem through new partnerships, integrations with other blockchain networks, and the introduction of more advanced features like Layer 3 enhancements.
The current governance structure relies on a set of orderers, but the goal in the future is to transition to a fully decentralized model that gives the community more control. This shift is expected to enhance the resilience of the network and further align its development with the principles of decentralization, supporting the broad development of the blockchain space.
bright spot