$MERL The recent increase is the result of technical advantages, ecological expansion, institutional support, and market enthusiasm resonance.
As a native Layer2 token of Bitcoin, it achieves a block time of 1.2 seconds through ZK-Rollup technology, significantly improving transaction efficiency and reducing costs, while also being compatible with EVM, allowing Ethereum developers to easily migrate applications, and supports various Bitcoin native protocols, with its technical strength recognized by the market.
Ecologically, after integrating with Sui Network in August, M-BTC's bridging has expanded the DeFi application scenarios of Bitcoin, and the network upgrade in November further optimized scalability.
Its launch on top platforms like OKX and Binance has also attracted investment from 20 institutions, including OKX Ventures, and subsequent collaborations and BTC deployments have further enriched liquidity.
With the resurgence of Bitcoin's ecological enthusiasm this year, the MERL mainnet's initial TVL reached 3.6 billion USD, and the FOMO sentiment among retail investors drove a surge in trading volume, where in September there was a single-day increase of 99%. Following that, after breaking through resistance levels technically, the upward trend continued to accelerate.
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