MERL
MERL

Merlin Chain price

$0.47180
-$0.01380
(-2.85%)
Price change from 00:00 UTC until now
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Merlin Chain 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
Circulating supply
Total amount of a coin that is publicly available on the market.
Market cap ranking
A coin's ranking in terms of market cap value.
All-time high
Highest price a coin has reached in its trading history.
Market cap
$229.99M
Circulating supply
487,477,554 MERL
Market cap ranking
177
24h high
$0.50530
24h low
$0.46810
All-time high
$1.7800

Merlin Chain price performance in USD

The current price of Merlin Chain is $0.47180. Since 00:00 UTC, Merlin Chain has decreased by -2.84%. It currently has a circulating supply of 487,477,554 MERL and a maximum supply of 2,100,000,000 MERL, giving it a fully diluted market cap of $229.99M. At present, the Merlin Chain coin holds the 177 position in market cap rankings. The Merlin Chain/USD price is updated in real-time.
Today
-$0.01380
-2.85%
7 days
$0.098600
+26.42%
30 days
$0.17660
+59.82%
3 months
$0.24590
+108.85%

About Merlin Chain (MERL)

4.1/5
Certik
3.7
11/05/2024
CyberScope
4.4
11/06/2024
The rating provided is an aggregated rating collected by OKX TR from the sources provided and is for informational purpose only. OKX TR does not guarantee the quality or accuracy of the ratings. 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, and can even become worthless. The price and performance of the digital assets are not guaranteed and may change without notice. Your digital assets are not covered by insurance against potential losses. Historical returns are not indicative of future returns. OKX TR does not guarantee any return, repayment of principal or interest. 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.
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Merlin Chain represents a Layer 2 network developed to extend the capabilities of Bitcoin by incorporating advanced technologies such as ZK-Rollup, decentralized oracle networks, Data Availability, and BTC fraud proof modules. This platform is dedicated to boosting Bitcoin’s utility and interaction by enhancing assets, protocols, and products originally established on Bitcoin’s Layer 1.

Merlin Chain uses zero-knowledge proofs to verify commitments on the Bitcoin blockchain, facilitating a mechanism where disputes are resolved securely and transparently. This approach not only strengthens the security but also increases the efficiency of the network, making it a reliable environment for its users.

The vision of Merlin Chain is to bridge the innovations of Bitcoin from Layer 1 to Layer 2. This encompasses backing a variety of Bitcoin Layer 1 assets, developing decentralized applications that embody the ’fully on-chain’ ethos of Bitcoin. Additionally, it focuses on a community-driven approach to asset launches and is working towards compatibility with Ethereum Virtual Machine (EVM) to broaden Bitcoin’s application scope.

Launched in February 2024, Merlin Chain has quickly established itself as a leading Layer 2 network with over $3.6 billion Total value locked (TVL) and a diverse range of DApps spanning DeFi, gaming, and social platforms. The network also introduces $MERL, a native token integral to governing and securing the ecosystem, marking a significant step in its evolution.

How does Merlin work?

Merlin Chain leverages advanced blockchain technologies, rooted in Polygon’s ZK technology, to enhance Bitcoin’s functionality and scalability. This Layer 2 solution integrates a decentralized oracle network for data availability, supported by Celestia, and utilizes Lumoz’s decentralized computing for zero-knowledge proof (ZKP) computations. Merlin’s architecture allows for the processing of transactions via ZK Rollups, offering benefits such as heightened security by inheriting Bitcoin’s robust consensus mechanism while improving scalability through batch processing on Layer 2. The system supports EVM-compatible smart contracts, enhancing interoperability with existing blockchain ecosystems.

Additionally, Merlin Chain optimizes transaction costs by employing ZK proofs and zkSNARKs to minimize data storage on Layer 1, leading to lower fees and higher throughput. The zkProver component within Merlin executes complex mathematical operations, ensuring all transactions are verified under stringent security standards before being confirmed on the network, promoting a secure, efficient, and economically scalable blockchain environment.

MERL Prices and Tokenomics

Merlin Chain’s native token is MERL, a BRC-20 token with a fixed supply of 2.1 billion units, underpinning the network’s transactional and governance activities. As a vital cog in the ecosystem, $MERL grants holders participatory power in crucial network decisions and development through a structured governance model.

Engagement in the Merlin ecosystem is multifaceted—holders can stake MERL to bolster the security layer or use the token for transactional purposes across the network. Moreover, MERL facilitates a delegated staking system, empowering token holders to contribute to the network’s operational efficiency. Within the ecosystem, MERL also serves as a key liquidity provider and a form of collateral, ensuring the seamless execution of transactions and supporting the network’s various financial mechanisms.

Token allocation for $MERL is meticulously planned. This involves a phased release strategy designed to maintain a steady flow into the market, fostering growth while managing inflation. The allocation caters to diverse ecosystem needs—from developmental funds to community incentives—encouraging long-term engagement and stability. By integrating these strategic tokenomics with user-centric features, Merlin Chain is geared toward fostering a sustainable and participatory blockchain environment.

Merlin Highlights

  • EVM Compatibility & Efficiency: Merlin Chain excels in providing low transaction fees and enhanced scalability, compatible with Ethereum Virtual Machines (EVMs) for fast and efficient transaction processing.
  • BTC Protocol Support: Supports a range of Bitcoin protocols including BRC20 and BRC420, along with innovative solutions like Bitmap, Atomicals, Pipe, and Stamp, broadening its reach across Bitcoin’s Layer 2.
  • ZK Rollup Implementation: Incorporates ZK-Rollup technology, advancing the efficiency and scalability of the network, with sequencer nodes orchestrating data transfer through decentralized Oracles to promote transparency and bolster security.
  • Layer 2 Native Innovations: Upholds a dedication to equitable launches and community-led developments, ensuring Merlin Chain is at the forefront of introducing native, user-focused solutions on Bitcoin’s Layer 2.
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MERL FAQ

How much is Merlin Chain worth today?
Currently, one Merlin Chain is worth $0.47180. For answers and insight into Merlin Chain's price action, you're in the right place. Explore the latest Merlin Chain charts and trade responsibly with OKX TR.
What is cryptocurrency?
Cryptocurrencies, such as Merlin Chain, 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 Merlin Chain have been created as well.