Merlin Chain has quickly developed into a comprehensive ecosystem with numerous projects utilizing its Layer 2 technology. These projects span various fields, including decentralized finance (DeFi), gaming, NFT, etc., and all are built on top of the Bitcoin base layer using Merlin's innovative architecture.

DeFi projects on Merlin Chain

Decentralized finance (DeFi) remains a key focus in the Merlin Chain ecosystem. By integrating the Bitcoin native protocol with DeFi services, users can use new financial tools while enjoying the security of Bitcoin.

Several important DeFi platforms have emerged on Merlin Chain:

MerlinSwap

MerlinSwap is a decentralized exchange (DEX), which provides low-cost, high-speed trading services for assets on the Merlin Chain. The platform supports various token standards, including BRC20 and BRC420, enabling users to trade among a wide range of assets at extremely low fees. The liquidity pools of MerlinSwap are crucial for maintaining the efficiency of the exchange, and users are rewarded through the liquidity provision mechanism, with rewards distributed in the form of the MERL token to incentivize user participation in liquidity provision.

StakeStone

StakeStone is a staking platform that allows users to stake assets on Merlin Chain and earn rewards. StakeStone integrates with other DeFi applications on the network, providing users with more opportunities to maximize returns. Through the staking mechanism, users are incentivized to lock up their assets within the network, thereby contributing to the overall security of Merlin Chain.

Games and NFTs

The gaming industry of Merlin Chain has seen significant growth, with multiple projects integrating NFTs into games to create unique in-game assets and experiences. These projects leverage the low transaction costs and high scalability of Merlin Chain to provide more interactive and rewarding gameplay.

Merlin Metaverse Project

Multiple metaverse projects are being developed on Merlin Chain, providing immersive virtual worlds where users can own and trade virtual land, assets, and identities, all managed as NFTs. These projects aim to expand the use cases of NFTs, not only limited to traditional collectibles, but also driving social interactions and business activities in the digital environment.

Ecosystem Support Program

Merlin Chain has established multiple plans to support the development of new projects in its ecosystem. The most famous of which is Merlin's AdventureThis is a funding program for a scale of 210 million MERL tokens, aimed at providing financial support, technical resources, investor networks, and marketing assistance to innovative projects that contribute to network growth. Selected projects participating in Merlin's Adventure, whether in DeFi, games, or other applications, are expected to enhance the functionality and user adoption of Merlin Chain.

Highlights

• DeFi projects such as MerlinSwap and StakeStone are the core of financial activities on Merlin Chain, providing trading, staking, and lending services.
• Games and NFT projects such as Bitmap.Game are expanding the use of digital assets, creating new interactive experiences.
• The Merlin's Adventure funding program provides funding for innovative projects through 210 million MERL tokens to support ecosystem growth.
• Strategic cooperation with technology providers such as Polygon and Celestia has enhanced the capabilities and ecosystem development of Merlin Chain.
• The diversified projects showcased on Merlin Chain demonstrate its potential to support various decentralized applications.