Bitcoin Layer 2 solution Merlin Chain completed a new round of financing, led by Spartan Group and others

PANews reported on April 17 that according to The Block, Bitcoin Layer 2 solution Merlin Chain announced the completion of a new round of financing co-led by Spartan Group and Hailstone Labs, with participation from Amber Group, Presto Labs and IOBC Ventures.

According to reports, Merlin Chain is Bitcoin Layer 2 that integrates the ZK-Rollup network, a decentralized oracle network and an on-chain BTC fraud prevention module. Since the last round of financing, the Merlin Chain mainnet has been successfully launched. The platform has facilitated over 9 million transactions and hosts over 70 live projects with a total value locked (TVL) of over $4 billion.