5 months ago
33 ARTICLE AD
MerlinSwap presents a new AMM model set to propel Bitcoin DeFi growth.
Decentralized exchange (DEX) MerlinSwap raised $480 million in its Initial DEX Offering (IDO) from over 52,000 participants, according to an April 5 announcement. This significant fundraising comes as MerlinSwap establishes itself as the top DEX in the Bitcoin ecosystem with more than $100 million in Total Value Locked (TVL) and $70 million in transaction volume.
MerlinSwap utilizes a new automated market maker (AMM) model, backed by Merlin Chain and iZUMi Finance’s technical support, and the team behind the protocol says it offers more secure and efficient trading.
Moreover, MerlinSwap introduces the DEX-as-a-Service function to Bitcoin decentralized finance (DeFi) ecosystem, in collaboration with Particle Network and other Account Abstraction solutions providers. The service combines its Discretized Liquidity AMM with Account Abstraction and multi-signature wallet features.
“The success of the IDO reflects not only the strength of our protocol and our vision but also the profound trust and support we’ve received from the Bitcoin community. As we forge ahead in shaping the future of DeFi within the Bitcoin ecosystem, our dedication is absolute: to drive innovation, empower our users, and deliver rewards at every milestone,” stated a spokesperson at MerlinSwap.
Merlin Chain shows $3.8 billion TVL, and is approaching Solana’s $4.6 billion. With Bitcoin’s DeFi TVL at $700 million and Ethereum’s at $52.2 billion, the growth prospects for Bitcoin’s DeFi ecosystem are significant, potentially triggering a DeFi boom similar to Ethereum’s.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.
Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.
