Merlin Chain announced a strategic partnership with TRON DAO. The objectives of the partnership are to expand the interoperability of Bitcoin, diversify utilities, and push financial accessibility. Expressing their pride over the development, Merlin Chain said that the move would benefit over 210 million users of the ecosystem across the world. Further, Merlin Chain is known to host more than 50 billion stablecoins and 7+ billion transactions.
Members of the Tron community expressed their optimism about the strategic partnership. Most of them congratulated the team, while others said the partnership was indeed impressive.
Tron has confirmed the development on X by stating that Bitcoin was finally coming to the Tron Network via L2 integration to unlock insane potential. The trading value of TRON, the native token of the ecosystem, has reflected these sentiments, with a surge of 1.68% in the last 24 hours. It further reflects a rise of 3.13% and 27.18% in the previous seven days and 30 days, respectively. Moreover, its 24-hour volume was up by 12.74% at the time of articulating this piece.
Merlin Chain previously announced a partnership with GeniiData, enabling it to upgrade the real-time data service for all Bitcoin L2 solutions. This includes, with no limitation whatsoever, dApp, user data, and total value locked. GeniiData confirmed the development, also announcing how users earn exclusive loyalty badges and points.
All they have to do is follow both platforms on X, paste their X profit URL, and claim the reward. However, the URL has to be pasted only in the designated section.
Merlin Chain previously joined hands with bitSmiley. The idea was to deploy the bitUSD protocol on the Merlin Chain. This gives them a chance to create more native yields for users. As for the holders of bitUSD, they gain access to more liquidity and use cases in the BTC ecosystem.
That said, BTC can be seen exchanging hands at $59,301.24, with a surge of 4.86% in the last 24 hours. It could soon begin testing the new resistance level of $60,000 if the bullish trend continues at the current pace.
TRON DAO has previously joined hands with Ankr to host the TRON DAO Hackathon. It allows users to demonstrate their projects in front of some of the most influential venture capitalists in the industry. If selected, developers stand a chance to secure funding from VCs – TDV and HTX Ventures. This would be the sixth edition of the hackathon, backed by three Diamond Sponsors: Ankr, ChainGPT, and AITECH.
TRON DAO is fresh from achieving a major milestone. The ecosystem recently bagged 214,207,094 accounts. That means that TRON has more than 214 million accounts in the ecosystem, marking rapid development and constant efforts to decentralize the web.
Moving forward, all the members are waiting to see how the partnership between Merlin Chain and TRON DAO rolls out.
