MERL
$0.02
Merlin Chain (MERL) Price
$0.02
Today's Price
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Merlin Chain (MERL) Price Today
The live price of MERL is 0.02 USD. In the past 24 hours, the trading volume of MERL was 16,800,965.33 USD, down by -0.35%. The current price has decreased by 1.17% from its 7-day high of 0.02 USD, and increased by 19.45% from its 7-day low of 0.02 USD. With a circulating supply of 2,100,000,000.00 Merlin Chain, the market cap of MERL is currently 30,409,697.00 USD, down by 0% in the last 24 hours. MERL currently ranks #- by market capitalization among cryptocurrencies.
Merlin Chain (MERL) Market Data
Market Cap
$31.4M
24h Volume
$16.8M
Circulating Supply
1.1B MERL
Maximum Supply
2.1B MERL
Fully Diluted Market Cap
$55.1M
Liquidity Indicator
53.44%
About Merlin Chain (MERL)
How can I buy Merlin Chain (MERL)?
Buying Merlin Chain (MERL) on BingX is simple and secure. Create an account, deposit USDT or another supported asset, and purchase Merlin Chain (MERL) directly in the Spot Market. The tokens will then appear in your BingX Spot Wallet, ready for trading or transfer at anytime. Discover How to Buy MERL Guide for more information.
What Is Merlin Chain (MERL) and How Does It Work?
Merlin Chain (MERL) is the native governance and utility token of Merlin Chain, a Bitcoin Layer 2 scaling solution designed to enhance Bitcoin's capabilities by enabling faster, cheaper transactions and smart contract functionality while preserving Bitcoin's security. Built with ZK-Rollups, a decentralized oracle network, and EVM compatibility, Merlin Chain supports Bitcoin-native assets and protocols such as Ordinals, BRC-20, Runes, and Bitmap. It empowers developers to build DeFi, gaming, social, and infrastructure dApps on Bitcoin, making the network more programmable and fun through high throughput and seamless interoperability.
When Did Merlin Chain Launch?
Merlin Chain was announced in January 2024 by Bitmap Technology, with its testnet launching shortly after and mainnet going live in February 2024. The MERL token launched in April 2024 following a fair launch event called Merlin’s Seal. The network rapidly achieved over $3 billion in TVL within weeks, expanded dApp support to over 200 projects, and continued ecosystem growth with interoperability upgrades through 2025.
What Are the Key Features of Merlin Chain?
Merlin Chain features Bitcoin-native Layer 2 scaling with ZK-Rollups for efficiency, EVM compatibility for smart contracts, support for Bitcoin protocols including BRC-20 and Ordinals, decentralized oracle network for real-world data, on-chain fraud proofs, high throughput and low fees, staking and governance via MERL, and a vibrant ecosystem of DeFi, gaming, and social dApps secured by Bitcoin's settlement layer.
What Is MERL Used For?
MERL is used for staking to secure the network and earn rewards, delegating to collators or validators, governance voting on protocol upgrades and treasury allocation, paying transaction fees on the Layer 2, providing liquidity for yields, and participating in ecosystem incentives and dApp interactions.
What Is the MERL Token Utility?
MERL serves as the governance token empowering holders to influence network decisions and development while securing the protocol through staking and delegation. It facilitates fee payments, captures value from growing TVL and dApp activity, incentivizes participation in the Bitcoin L2 ecosystem, and supports long-term sustainability with a structured release schedule over multiple years.
What Blockchain Does Merlin Chain Operate On?
Merlin Chain operates as a native Bitcoin Layer 2 with EVM compatibility and BRC-20 token standard support, settling on Bitcoin while providing enhanced scalability.
What Are MERL Tokenomics?
MERL has a total supply of 2.1 billion tokens released gradually over four years from the TGE. Allocations include ecosystem incentives, community and staking rewards, team vesting with cliffs, liquidity, and private sales. Circulation reached around 1.2 billion as of late 2025 with mechanisms focused on security and development without excessive inflation.
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Disclaimer:
Price analysis and valuation are influenced by multiple factors, and theoretical projections do not guarantee that a token will reach a specific price level. The information provided is for informational purposes only and does not constitute investment advice. Investors should conduct their own research before making any financial decisions.
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