This token isn’t available on the OKX TR Exchange. You can trade it on OKX DEX instead.
MERL
MERL

MERL price

0xa0c5...07f9
₺3.0238
-₺0.00091
(-0.03%)
Price change for the last 24 hours
TRYTRY
How are you feeling about MERL today?
Share your sentiments here by giving a thumbs up if you’re feeling bullish about the coin or a thumbs down if you’re feeling bearish.
Vote to view results
Start your crypto journey
Start your crypto journey
Faster, better, stronger than your average crypto exchange.

MERL market info

Market cap
Market cap is calculated by multiplying the circulating supply of a coin with its latest price.
Market cap = Circulating supply × Last price
Network
Underlying blockchain that supports secure, decentralized transactions.
Circulating supply
Total amount of a coin that is publicly available on the market.
Liquidity
Liquidity is the ease of buying/selling a coin on DEX. The higher the liquidity, the easier it is to complete a transaction.
Market cap
₺153.83M
Network
BNB Chain
Circulating supply
50,873,534 MERL
Token holders
13122
Liquidity
₺55.79M
1h volume
₺574,794.20
4h volume
₺3.61M
24h volume
₺44.17M
The following content is sourced from .
Merlin Chain
Merlin Chain
Merlin Chain Mainnet Upgrade Announcement Upgrade Time Window: 📅2025-06-26 · 02:00–14:00 UTC Notice: ❗️To avoid potential loss, please refrain from conducting any on-chain transactions during the upgrade. This upgrade moves Merlin from Fork 9 to Fork 12, which is a major leap in performance, reliability, and infrastructure. 🛠 What’s New in This Upgrade: 🔸 New Sequencer Architecture - Replaces legacy systems with zkEVM-optimized transaction sequencing and customizable components (consensus, state management). - Enables higher throughput and tailored chain configurations for Merlin Chain. 🔸 RPC Infrastructure Upgrade - Migration to CDK-Erigon RPC - Smoother on-chain experience & improved node stability 🔸 Smart Contract Enhancements - New rollbackBatches feature for greater protocol flexibility ⚡️ Performance Boost - Significantly higher TPS - Faster & more efficient ZK proof generation
597
0
Kuang Ren 狂人说趋势
Kuang Ren 狂人说趋势
Merlin Chain's recently launched Bitcoin Staking Vault has attracted widespread attention in the market, with its offered 8%-21% APR high returns quickly drawing in substantial funds, as the initial allocation of 50 BTC was sold out in a short time. This move not only represents an important advancement in the Bitcoin Layer2 ecosystem but also reflects the rapid evolution of the BTCFi (Bitcoin Finance) sector. The significance and potential impact of this event can be analyzed from the following perspectives: --- 1. The Staking Revolution of Bitcoin Layer2: From Idle Assets to Income-Generating Tools Merlin Chain's Bitcoin Staking Vault allows users to directly stake BTC to participate in the PoS (Proof of Stake) mechanism without cross-chain operations, thus obtaining stable returns. This model is similar to Ethereum's liquid staking (like Lido's stETH) but optimized for the Bitcoin ecosystem: No need to trust third-party custody: User assets are still managed by smart contracts, aligning with the spirit of decentralization. High APR attractiveness: Current stable return opportunities in the Bitcoin ecosystem are scarce, with 8%-21% annualized rates far exceeding traditional CeFi lending (like BlockFi's former 4-6%), even surpassing some DeFi protocols. Synergy with the Merlin ecosystem: Staked BTC can be further used in DeFi protocols on Merlin Chain (like lending and liquidity mining), achieving multiple benefits. Market response: The initial 50 BTC was quickly filled, indicating strong market demand for Bitcoin income-generating products, especially among long-term holders (HODLers) who wish to earn additional income without selling BTC. --- 2. Sources of Returns and Sustainability: How to Support 21% APR? High returns inevitably raise questions: How does Merlin pay 21% APR? Possible sources include: Protocol revenue sharing: As a Layer2, Merlin Chain generates income through transaction fees, cross-chain bridge fees, etc., with a portion returned to stakers. Ecosystem subsidies: Early project teams may attract users through token incentives (like MERL), similar to Ethereum's restaking mechanics. Leveraged yield strategies: Staked BTC may be used for neutral arbitrage (like perpetual contract funding rate arbitrage) or lending markets, akin to Ethena's USDe model. Risk points: If returns primarily rely on token subsidies, long-term sustainability is questionable; if dependent on market arbitrage, it is significantly affected by crypto market volatility. --- 3. Driving the BTCFi Sector: Staking-as-a-Service Merlin's Bitcoin Staking Vault can be seen as the Bitcoin version of Lido, but with a greater focus on Layer2 native yields. This model may drive the following trends: More Bitcoin Layer2s launching similar products: Projects like Babylon and StakeStone are already exploring Bitcoin staking security models. The rise of liquid staking derivatives (LSD): In the future, users may stake BTC to obtain liquidity certificates (like stBTC) and reuse them in DeFi. Institutional capital entry: Highly compliant BTC staking products may attract traditional capital, similar to Grayscale's GBTC but with yield attributes. --- 4. Competitive Landscape: How Can Merlin Break Through in Bitcoin Layer2? Currently, competition in Bitcoin Layer2 is fierce, and Merlin builds a moat through high-yield staking and ecosystem integration: Collaborating with Solv Protocol, Avalon Finance, etc., to provide multi-layered BTCFi services. Backed by ZK-Rollup technology: Built on Polygon CDK, emphasizing security and EVM compatibility. Community-driven growth: Attracting early users through Fair Launch and airdrop incentives (like Solv points). Challenges: If other Layer2s (like Stacks, BitLayer) launch higher-yield products, Merlin must continue to innovate to maintain competitiveness. --- 5. Potential Risks and Controversies Smart contract security: Bitcoin Layer2 is still in its early stages, and cross-chain bridges and staking contracts may face hacking risks (referencing historical events like Poly Network and Wormhole). Regulatory uncertainty: Some jurisdictions may view BTC staking as a securities activity, especially when involving token rewards. Market volatility impact: If Bitcoin's price plummets, high APR may not cover principal losses, leading to user withdrawals. --- Conclusion: A Key Step in Bitcoin Financialization Merlin Chain's Bitcoin Staking Vault is not only a technical experiment but also an important milestone in Bitcoin's transformation from "digital gold" to "income-generating asset." If successful, it will: ✅ Enhance Bitcoin's capital efficiency, reducing "sleeping assets" ✅ Encourage more developers to enter BTCFi, enriching ecosystem applications ✅ Provide compliant yield channels for institutional investors However, high returns come with high risks, and users need to assess smart contract security, market volatility, and long-term sustainability. As the second phase of allocations opens, the success or failure of this experiment will soon be revealed.
Show original
69.54K
1
Merlin Chain
Merlin Chain
🧙‍♂️ Something powerful is bubbling in the cauldron… stay tuned.
2.59K
6
Merlin Chain
Merlin Chain
🧙‍♂️ GMerlin! Like Bitcoin, $MERL is hard capped. Only 2.1 billion will ever exist. That number is final. 🔶
9.74K
66
Merlin Chain
Merlin Chain
The community has already staked over 108.3 million $MERL in open‑access flexible vaults and nearly 18.9 million $MERL in fixed‑term bonded vaults. The earlier you stake, the stronger your spell. 🧙‍♂️ Stake now🔗
9.1K
43

MERL price performance in TRY

The current price of merl is ₺3.0238. Over the last 24 hours, merl has decreased by -0.03%. It currently has a circulating supply of 50,873,534 MERL and a maximum supply of 50,873,534 MERL, giving it a fully diluted market cap of ₺153.83M. The merl/TRY price is updated in real-time.
5m
+0.10%
1h
+0.13%
4h
+0.73%
24h
-0.03%

About MERL (MERL)

MERL (MERL) is a decentralized digital currency leveraging blockchain technology for secure transactions.

Why invest in MERL (MERL)?

As a decentralized currency, free from government or financial institution control, MERL is definitely an alternative to traditional fiat currencies. However, investing, trading or buying MERL involves complexity and volatility. Thorough research and risk awareness are essential before investing. Find out more about MERL (MERL) prices and information here on OKX TR today.

How to buy and store MERL?

To buy and store MERL, you can purchase it on a cryptocurrency exchange or through a peer-to-peer marketplace. After buying MERL, it’s important to securely store it in a crypto wallet, which comes in two forms: hot wallets (software-based, stored on your physical devices) and cold wallets (hardware-based, stored offline).

Show more
Show less
Trade popular crypto with low fees and powerful APIs
Trade popular crypto with low fees and powerful APIs
Get started

MERL FAQ

What’s the current price of MERL?
The current price of 1 MERL is ₺3.0238, experiencing a -0.03% change in the past 24 hours.
Can I buy MERL on OKX TR?
No, currently MERL is unavailable on OKX TR. To stay updated on when MERL becomes available, sign up for notifications or follow us on social media. We’ll announce new cryptocurrency additions as soon as they’re listed.
Why does the price of MERL fluctuate?
The price of MERL fluctuates due to the global supply and demand dynamics typical of cryptocurrencies. Its short-term volatility can be attributed to significant shifts in these market forces.
How much is 1 MERL worth today?
Currently, one MERL is worth ₺3.0238. For answers and insight into MERL's price action, you're in the right place. Explore the latest MERL charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as MERL, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX TR and their different attributes, which includes live prices and real-time charts.
When was cryptocurrency invented?
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as MERL have been created as well.

Monitor crypto prices on an exchange

Watch this video to learn about what happens when you move your money to a crypto exchange.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX TR does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX TR. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

OKX TR does not provide investment or asset recommendations. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition. Please consult your legal/tax/investment professional for questions about your specific circumstances. For further details, please refer to our Terms of Use and Risk Warning. By using the third-party website ("TPW"), you accept that any use of the TPW will be subject to and governed by the terms of the TPW. Unless expressly stated in writing, OKX TR and its affiliates (“OKX TR”) are not in any way associated with the owner or operator of the TPW. You agree that OKX TR is not responsible or liable for any loss, damage and any other consequences arising from your use of the TPW. Please be aware that using a TPW may result in a loss or diminution of your assets. Product may not be available in all jurisdictions.
Start your crypto journey
Start your crypto journey
Faster, better, stronger than your average crypto exchange.