I just took a glance, and the on-chain staking amount of MERL has increased again, now accounting for almost a quarter of the total circulation. There are only 91.84 million coins left in CEX, and the circulation is getting tighter, which feels like it's preparing for the next wave of market activity.
At the beginning of the month, there was a partnership between a listed company and @MerlinLayer2 to create an on-chain BTC treasury. If this model really works, it would set a precedent for the combination of BTCfi and DAT, and more companies might follow suit in the future.
Moreover, to be honest, Merlin is currently the only one that has really emerged in the BTC L2 space, so it should drive the MERL ecosystem to grow rapidly.
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