THEDEFIPLUG
2024/10/09 22:55
.@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! 🫵
Mentor004
2024/09/05 19:57
Objectives and Implications for Users
By launching HMSTRBG, Bitget aims to provide its users with an edge in the evolving GameFi landscape. This initiative allows investors to participate in the market before the token becomes widely available, potentially securing favorable pricing and positioning.
The Hamster Kombat game, which backs HMSTR, is a popular multiplayer clicker game on Telegram with over 60 million players. The game allows players to earn in-game coins, which can be converted into HMSTR tokens, thus bridging virtual achievements with real-world value.
About Bidget
Bitget has become one of the top 10 crypto spot trading platforms, offering over 900 coins and more than 1000 trading pairs. It also remains a leader in the crypto derivatives market, with its Open Interest (OI) surpassing $6 billion on May 4, capturing a significant 25% share of the total market. In the past month, Bitget recorded the highest monthly inflow among all centralized exchanges, with $975.4 million in new capital, further solidifying its position as an industry leader.
Since its launch in April 2024, Bitget’s Pre-market has provided users with early access to various projects, including EigenLayer (EIGEN), Merlin Chain (MERL), Renzo (REZ), BounceBit (BB), Meson Network (MSN), Zerolend (ZERO), Notcoin (NOT), ZeroLayer (ZRO), ZkSync (ZKSYNC), and most recently, Hamster Combat (HMSTR).
🎉🎉💞 fundamental analysis of the Merl project learn crypto lover guys 🎯🎉
Here's a fundamental analysis of the Merl project:
_Project Overview_
- Merl is a decentralized platform for social media, online communities, and influencer marketing.
- MERL coin is the native cryptocurrency of the Merl ecosystem.
_Market Analysis_
- Target Market: Social media users, online communities, and influencer marketers.
- Market Size: Growing demand for decentralized social media and influencer marketing solutions.
- Competitive Advantage: Decentralized, secure, and transparent social media and influencer marketing platform.
_Tokenomics_
- Token Supply: 1,000,000,000 MERL tokens.
- Token Distribution: 40% for community development, 20% for founders, 15% for partners, and 25% for future development.
- Token Economics: Designed to incentivize user engagement, content creation, and influencer marketing.
_Technology and Security_
- Built on Ethereum, utilizing smart contracts.
- Decentralized, open-source, and community-driven development.
- Security measures: Audited smart contracts, bug bounty programs.
_Team and Development_
- Experienced team with a strong background in blockchain development, entrepreneurship, and marketing.
- Active development, regular updates, and community engagement.
_Partnerships and Adoption_
- Partnerships with social media platforms, influencer marketing agencies, and blockchain companies.
- Growing adoption, with increasing user base and community engagement.
_Financials_
- Market Capitalization: Around $50 million.
- Trading Volume: Moderate, around $200,000.
- Price Movement: Volatile, with a 52-week high of around $0.20 and a low of around $0.05.
_Roadmap and Development Progress_
- Achieved milestones: Mainnet launch, MERL coin listing, social media platform integration.
- Upcoming milestones: DeFi integration, community management platform development, cross-chain interoperability.
_Community and Support_
- Active community on social media platforms, forums, and GitHub.
- Developer support through documentation, tutorials, and community forums.
_Regulatory Environment_
- Compliance with regulatory requirements, with a focus on AML and KYC.
Please note that this analysis is subject to change and might not be comprehensive. Always verify information through multiple sources and conduct your own research before making investment decisions.