What about the other Bitcoin L2s doing the same thing such as BOB and BounceBit? Are you concerned that TVL dropped by such a significant amount after the airdrop? Gas is pretty high on Merlin compared to ETH L2s.

What are your thoughts about most TVL being points chasers? What happens when top projects like Solv and Avalon drop their tokens?

I think the BTC/EVM idea is interesting. However, right now I don’t see a purpose in using it.