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Merlin Chain Price

(merl)

USD($)

$0.0206
0.00%(5m)

1m5m15m1h8h1d1W
Merlin Chain (MERL) Live Price Chart

    Merlin Chain Live Price Data

    Merlin Chain is currently trading at $0.0206, with a 24-hour trading volume of $ 19,670. Over the past 24 hours, the price of Merlin Chain changed by -2.59%, and over the past week, its value in USD rose by +4.88%. The circulating supply of Merlin Chain is 1.39B merl, with a market cap of 28.77M USD, down -2.59% in the last 24 hours. Merlin Chain is ranked #520 by market cap.

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    Note: This data is for reference only.
    pk

    merl(merl) Profile

    altRank520
    rate--
    Expand
    $0.02039
    $0.02189
    ATH
    $1.54
    Price Change (1h)
    -0.09%
    Price Change (24h)
    -2.59%
    Price Change (7d)
    +4.88%
    Market Cap
    24h Volume
    Circulating Supply
    1.39B
    Max Supply
    2.1B

    About Merlin Chain

    • What Is Merlin Chain (MERL) Crypto?

      Merlin Chain (MERL) is a Layer-2 solution built on the Bitcoin network to enhance the scalability, efficiency, and functionality of Bitcoin transactions. It leverages Zero-Knowledge Proofs (ZKPs), specifically ZK-Rollups, to aggregate multiple transaction proofs into a single batch, significantly reducing network congestion and processing times. This allows Merlin Chain to process transactions faster and more cost-effectively than traditional Bitcoin transactions while maintaining the network's security and decentralization​.

      Merlin Chain also incorporates a decentralized oracle network and on-chain fraud-proof modules to enhance security and verify transactions. This ensures robust and trustworthy interactions between the Bitcoin layer-1 and Merlin Chain's layer-2. It's designed to support a wide range of decentralized applications (dApps) and smart contracts and is compatible with Ethereum's Virtual Machine (EVM), which facilitates interoperability and easier integration with existing blockchain ecosystems​.

      The native token of Merlin Chain, MERL, serves various purposes within its ecosystem. It is used as a governance token, allowing holders to vote on key proposals, pay transaction fees, and stake for network security. MERL tokens also facilitate liquidity and are used as collateral within the platform. Additionally, Merlin Chain employs a detailed token allocation strategy to ensure the platform's long-term sustainability and development. MERL tokens are allocated for community rewards, team and advisors, public and private sales, and staking incentives​.

    • How Does Merlin Chain Work?

      Merlin Chain (MERL) operates as a Bitcoin Layer-2 solution, focusing on improving the scalability, efficiency, and interoperability of Bitcoin transactions. It integrates several technologies and features to achieve these goals:

      ZK-Rollup Technology

      Merlin Chain uses ZK-Rollup to batch multiple transactions together and process them off-chain. This significantly reduces the congestion on the Bitcoin blockchain, enabling higher transaction throughput and lower fees than traditional on-chain processes.

      Decentralized Oracles and Data Availability

      The platform employs decentralized oracle nodes that compile transaction data and upload it to the Bitcoin mainnet. This mechanism ensures that transaction data is publicly accessible and verifiable, enhancing the network's transparency and trust.

      On-Chain Fraud Proofs

      To enhance security, Merlin Chain incorporates on-chain fraud-proof modules that allow users to challenge and verify the legitimacy of transactions using Bitcoin's robust Proof of Work (PoW) consensus mechanism.

      EVM Compatibility

      Merlin Chain is EVM compatible, which allows developers to quickly deploy smart contracts and build dApps that are interoperable with Ethereum-based projects.

      These components collectively enhance the utility of the Bitcoin network by enabling faster, cost-effective transactions and supporting the development of new products and services on its blockchain.

    • History of Merlin Chain and MERL Coin

      Merlin Chain was officially launched in February 2024 with its mainnet debut, while its native token, $MERL, was introduced on April 19, 2024. The development and launch of Merlin Chain were led by the team at Bitmap Tech, a group noted for their experience and significant contributions to the blockchain industry.


      The team behind Bitmap Tech has been instrumental in Merlin Chain's rapid growth and development, positioning it as a major Bitcoin Layer 2 protocol that significantly enhances the Bitcoin network by facilitating the growth of decentralized applications across various sectors such as DeFi, gaming, and social platforms​.

    • What Is MERL Token Used for?

      The MERL token, native to the Merlin Chain, serves multiple vital functions within its ecosystem:

      Decentralized Governance of Merlin Chain

      MERL token holders can participate in governance by voting on various proposals that influence the direction and operation of the Merlin Chain.

      MERL Staking

      Users can stake their MERL tokens to contribute to the security and efficiency of the network. Staking also allows holders to earn rewards, adding an incentive to support the network's operation.

      Pay Transaction Fees on Merlin Chain Network

      MERL tokens are used to pay for transaction fees within the network, facilitating the operations of Merlin Chain's Layer 2 enhancements.

      Collator Delegation

      Holders can delegate MERL tokens to collators who run the network nodes, or they can operate their own collators if they have sufficient MERL tokens.

      Native Liquidity and Collateral

      In the Merlin Chain ecosystem, MERL serves as native liquidity and collateral, essential for various transactions and financial mechanisms within the network.

      Interoperability and Asset Transfers

      Through its EVM compatibility, MERL enables seamless interaction with Ethereum-based applications, broadening its use case beyond the Bitcoin network.

      Trade MERL on KuCoin

      Trade Merlin Chain token on the KuCoin Spot Market against other listed cryptos to profit from changing market conditions and volatility. Buy or sell $MERL or HODL if you believe in the future potential of Merlin Chain, Bitcoin L2 networks, and the overall Bitcoin ecosystem. Ensure you perform your own research (DYOR) before trading MERL crypto.

    FAQ

    How much is 1 Merlin Chain (MERL) worth?
    KuCoin provides real-time USD price updates for Merlin Chain (MERL). Merlin Chain price is affected by supply and demand, as well as market sentiment. Use the KuCoin Calculator to obtain real-time MERL to USD exchange rates.
    Is Merlin Chain (MERL) a Good Investment?

    Investing in Merlin Chain (MERL) offers several potential advantages due to its innovative approach to enhancing Bitcoin's functionality through Layer-2 solutions:

    Scalability and Efficiency

    Merlin Chain uses ZK-Rollup technology to process transactions more quickly and efficiently. This technology reduces congestion on the Bitcoin blockchain by batching multiple transactions and processing them off-chain, which can lead to lower transaction fees and faster processing times​.

    Enhanced Security

    The platform includes on-chain fraud-proof modules that ensure only valid transactions are processed, enhancing the security and integrity of transactions​.

    Interoperability

    Through its EVM compatibility, Merlin Chain allows developers to deploy smart contracts and build dApps that can interact seamlessly with Ethereum-based projects, expanding its ecosystem​.

    Governance and Community Involvement

    MERL token holders can participate in the governance of the network, influencing decisions about the platform's development and future direction. This participatory approach fosters a sense of community and allows investors to have a say in the project's evolution​.

    Innovation Potential

    Merlin Chain is designed to unlock new possibilities for Bitcoin and the broader crypto ecosystem by supporting continuous innovation and optimizing the potential of assets on its Layer 2 network. This could lead to new applications and use cases that enhance Bitcoin’s utility and market reach​.

    What Is Merlin Chain Price Prediction?

    Although we cannot provide an accurate MERL price prediction due to crypto’s volatile nature, monitoring the following factors could help you better understand the price trends in Merlin Chain token:

    Market Adoption and Utility of Merlin Chain L2

    The extent to which Merlin Chain is adopted and utilized in the crypto community can significantly impact the $MERL price. Increased adoption for its Layer-2 solutions and successful integration of its technologies (like ZK-Rollup and EVM compatibility) can drive demand for MERL tokens, supporting the Merlin Chain price​.

    Overall Crypto Market Trends

    General trends in the cryptocurrency market also affect the MERL price. Like many digital assets, the MERL to USD price can be influenced by broader market movements, including changes in Bitcoin and Ethereum prices, as these are major players in the space​.

    Future Developments in the Merlin Chain Roadmap

    Developments within the Merlin Chain platform, such as updates on its Layer-2 solutions or enhancements in its ZK-Rollup technology, could positively influence investor sentiment and the MERL token price.

    Merlin Chain’s Partnerships and Collaborations

    Strategic partnerships that expand the platform's usability or enhance its technological stack can also play a crucial role in the MERL crypto price. Collaborations that bring in new users or expand the token's utility within the blockchain ecosystem are particularly impactful​.

    Merlin Chain’s Tokenomics and Distribution

    The supply mechanics, including the total supply of MERL tokens, distribution schedules, and any changes to these elements, can directly impact the MERL coin price. For example, a large release of tokens to the market could potentially lower the price of Merlin Chain temporarily.​

    Who Are Merlin Chain’s Partners?

    Merlin Chain (MERL) has partnered with notable entities to enhance its platform's capabilities and reach. One significant partnership is with the Tron network, aimed at boosting interoperability between the Bitcoin and Tron networks. This partnership is designed to enable cross-chain accessibility and functionality, expanding the use cases of Merlin Chain by integrating with the Tron ecosystem to leverage both networks' strengths.


    Other partners supporting the Merlin Chain project include Particle Network, Lumoz, and Polygon.

    How to Claim MERL Airdrop on Merlin Chain

    How to Claim MERL Airdrop on Merlin Chain

    To claim the MERL airdrop on Merlin Chain, you must participate in their fair launch event called "Merlin's Seal." Here’s how you can go about it:

    1. Staking Assets

    Participate by staking your digital assets on the platform. Merlin Chain supports various cryptocurrencies for this purpose, including Bitcoin (BTC), Ethereum (ETH), USDT, and USDC.

    2. Earning M-Points

    Your staked assets will generate M-points based on their value over time. The amount of M-points you earn determines the quantity of MERL tokens you will receive.

    3. Claiming MERL Tokens

    After accumulating M-points, you can claim your MERL tokens proportionally. The exact mechanics and timing of the claims depend on specific milestones or phases outlined by the Merlin Chain event.

    What is the all-time high price of Merlin Chain (MERL)?

    The all-time high price of Merlin Chain (MERL) is $1.54. The current price of MERL is down 98.67% from its all-time high.

    What is the all-time low price of Merlin Chain (MERL)?

    The all-time low price of Merlin Chain (MERL) is $0.01583. The current price of MERL is up 30.14% from its all-time low.

    How much Merlin Chain (MERL) is there in circulation?

    As of 8 30, 2026, there is currently 1.39B MERL in circulation. MERL has a maximum supply of 2.1B.

    How do I store Merlin Chain (MERL)?

    You can securely store your Merlin Chain in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your MERL include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.