Merlin Chain is a Bitcoin-native layer-2 solution that has evolved into a prominent scaling platform by 2025. With a market cap of $840 million and $3.5 billion TVL, it leverages enhanced ZK-rollup technology for 15x faster transactions. The ecosystem now supports 150+ dApps, including MerlinSwap with $450M daily volume. Strategic partnerships with Arbitrum, Circle, and Chainlink have strengthened its position while maintaining Bitcoin's security guarantees through its decentralized oracle network and on-chain fraud-proofs.