MerlinSwap raises nearly $500 million to set new IDO record! TVL exceeded US$100 million in the past 24 hours

This site: The community that has recently paid attention to the Bitcoin ecosystem is all aware of the first IDO project of the Launchpad platform MerlinStarter (the first Launchpad platform of the Bitcoin L2 Merlin Chain ecosystem) - decentralization On the exchange MerlinSwap, the subscription ended yesterday (28th). More than 52,000 addresses participated and the amount was raised 400 times. The amount raised reached US$480 million, breaking the historical record of IDO. The platform token $MP also rose 10 times in a short period of time after opening, which obviously shows that MerlinSwap has received great attention from the market.

MerlinSwap will launch the second round of airdrops

In response to the support of the community, MerlinSwap announced that it will conduct a second round of airdrop rewards, with a total of 2% (420 million) of $MP distributed. For IDO participants and users who trade and provide liquidity for $MP, specific details will be announced next week.

According to the official statement, the total supply of $MP is 21 billion, 6% for public sale, 20% for airdrop, 24% for trading rewards, 33% for Merlinswap vault and LP, and 9% for initial liquidity market creation. 2% marketing, 6% Merlinswap team.

TVL breaks US$100 million, total transaction volume hits US$70 million

MerlinSwap officially stated today that its platform’s 24-hour trading volume reached an astonishing US$70 million, and its TVL reached US$109 million. , which makes MerlinSwap the largest DEX in the Bitcoin ecosystem in terms of TVL, transaction volume and number of active users.

In the past 24 hours, $MP trading volume has exceeded $21 million, even surpassing the trading volume of the Bitcoin pair (M-BTC/WBTC), and the market participation Extremely enthusiastic.

The current price of the token is US$0.0083056, which is still more than 8 times higher than the price of US$0.001 during IDO.

However, because the Merlin chain ecology and the project are still in their early stages, whether it is transaction slippage or cross-chain time (it takes more than 3 days to use the official cross-chain bridge community response, but it is very fast using meson) There is still a lot of room for improvement. Whether the project can continue its current trend remains to be tested by time.

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