Bitcoin Ecosystem Enters Value Revaluation Cycle, ML Token Emerges

The Bitcoin ecosystem is undergoing significant changes as it enters a value revaluation cycle. With the scarcity of Bitcoin consolidating after the halving, demand from sovereign and institutional investors is increasing, and the tokenization of real-world assets (RWA) along with AI and blockchain integration is moving into the implementation phase.

According to authoritative data, the total global on-chain RWA scale has exceeded $40 billion as of May 2026, growing more than sixfold since the beginning of 2025. The locked value of infrastructure related to the Bitcoin ecosystem has surged over 120% within six months, and the cumulative net inflow into U.S. spot Bitcoin ETFs has surpassed $150 billion with institutional holdings rising to over 38%.

MERRILL Crypto's ML token is emerging as a core focus of attention among institutions and analysts due to its solid technology and compliance foundations. Unlike other public blockchains, ML abandoned the 'universal public chain' positioning from the outset and focused on becoming a dedicated expansion layer and governance vehicle for the Bitcoin ecosystem.