On September 9th, Merlin Chain, a second-layer network of Bitcoin, released its semi-annual report, reviewing its growth trajectory in the first half of 2024, as well as milestones in public chain, growth, ecology, and technology - the record-breaking mainnet TVL, the most prosperous application ecosystem, and the most solid user community, setting the industry benchmark for Bitcoin Layer2. Including: 200 million USD TVL, 16 billion USD bridge volume, 1.90 million on-chain address, 12.70 million transactions; · TVL broke through $3.90 billion in 50 days after the mainnet was launched (88% for BTC, Ordinals and other native assets), and the market value of M-BTC reached $1.20 billion in the first half of the year; Bridge 16 billion USD Bitcoin, 1.60 billion USD spot trading, 1.40 billion USD perpetual contract trading, more than 1 billion USD cross-chain assets, become the mainstream Bitcoin hub; Asset trading volume exceeds $3 billion and DEX liquidity exceeds $78 million; Incubate the No. 1 industry-leading application (UniCross, Solv Protocol, Surf Protocol, Avalon Labs, MerlinSwap, MerlinStarter, etc.) in DEX, cross-chain bridge, lending, infrastructure, entertainment, etc. Launched a comprehensive security framework and on-chain architecture, joining industry leaders Celestia, Cobo, Slowmist, etc. to jointly create a safe and transparent on-chain environment. The release rate of MERL will slow down significantly in the second half of the year, with only 0.4% released over the next 12 months. It is reported that Merlin Chain plans to continue its efforts in technology, ecology and community in the second half of the year to further lead the industry standard and promote the sustainable development of the Bitcoin ecosystem.