MERL is the native token of the Merlin Chain ecosystem. It connects governance, network security, and certain economic activities in the ecosystem; it is not company equity or a fixed-income instrument.

Merlin Chain Price Today, Live Market & Historical Trend Chart

Q: What governance can MERL participate in?

Holding MERL allows participation in governance voting on important ecosystem proposals. Voting lets token holders express views on relevant decisions, but does not represent equity in or dividend rights from the project entity.

Q: What are MERL staking and delegation for?

MERL can be staked or delegated to consensus nodes to support network operations. The staking mechanism includes penalties for malicious behavior, so participants should understand node selection, lockups, and potential penalties.

Q: Can MERL be used to pay on-chain fees?

Merlin_BTC is Merlin Chain's primary transaction gas token. MERL can currently be selected as the token to pay transaction gas fees in AA wallets (account abstraction wallets), but this does not apply equally to every wallet or transaction.

Q: How are MERL supply and allocations arranged?

MERL has a total supply of 2.1 billion tokens. The ecosystem receives 40%, Merlin’s Seal participants receive 20%, and the remainder is allocated to the community, private investors, team, advisors, and public sale.

Q: Will all MERL enter circulation at once?

MERL supply is released progressively over four years from the token generation event, with different initial unlock ratios and release periods for each allocation category. Changes in later available supply may affect the token's market circulation structure.

Q: What else can MERL do in ecosystem applications?

MERL can serve as liquidity and collateral in the Merlin ecosystem, for example as funding or loan backing for related financial applications. Specific availability depends on whether an application supports it and on its own rules.

Q: What happens when paying with MERL in an AA wallet?

When MERL is selected for gas payment, the wallet uses MERL to pay the relevant transaction cost; Merlin_BTC remains the network's primary gas token. Before submitting a transaction, users should confirm that their wallet offers this option and check the fee amount.

Q: What is the difference between self-staking and delegating to a node?

MERL holders may stake themselves or delegate to consensus nodes. Both approaches support consensus and network security; operating a node directly involves greater technical and operational responsibility.

Q: How are tokens released for Merlin’s Seal participants?

Early Merlin’s Seal participants receive 20% of total supply, with 50% unlocked at the token generation event and the remainder released in set proportions over the following five months. This arrangement applies only to that allocation category.

Rank 532

$0.02677

+$0.00053(+2.04%)

Market Cap

$39.25M

24h High

$0.02839

24h Low

$0.02621

24h Turnover

$12.91K

Total Supply

2.10B

Market Sentiment

Neutral

Merlin Chain (MERL) Price Performance

View Merlin Chain (MERL) Price Prediction

Merlin Chain (MERL) has a Last Price of $0.02677, with a 24h change of +2.04%. The 24h low is $0.02621, the 24h high is $0.02839, and the 24h turnover is $12.91K. The current market cap is approximately $39.25M, ranking 532 by market cap and accounting for 0.001% of the total crypto market cap. The All-Time High is $1.88800 (⁦2024-04-19⁩), with a change from the All-Time High of -98.58%.

7 Days
-5.18%
Low
$0.02413
High
$0.02913
30 Days
-2.25%
Low
$0.02413
High
$0.03402
90 Days
+56.85%
Low
$0.01648
High
$0.03402
1 Year
-92.55%
Low
$0.01570
High
$0.58420

Fear & Greed Index

0 Extreme Fear100 Extreme Greed

Yesterday: 55; Normal
Last Week: 62; Greed
Last Month: 70; Greed

The Fear & Greed Index is currently 63/100, in the Greed zone; change from yesterday: +8, from last week: +1, and from last month: -7. Lower values indicate more fearful sentiment, while higher values indicate more greedy sentiment. This does not represent price change.

Why Did Merlin Chain (MERL) Rise in the Last 24 Hours?

No clear MERL-related event in the report window provides an identifiable catalyst for the rise. The bid-to-ask depth ratio across the top five levels was 1.06, indicating a relatively balanced book. However, bids were concentrated at 0.02672, accounting for about 45.7% of top-five bid volume, which could provide brief support but does not reveal the order placer’s intent. A larger sell order near 0.02701 was close to the window high and could pose near-term resistance; overall book depth was limited, so relatively small amounts of capital could move the price. The candle at 12:00Z on 2026-10-21 closed slightly lower; its volume unit was unspecified. Technical signals were neutral overall: 15-minute indicators were stronger, moving averages were neutral on the 1-hour and 4-hour intervals, and bearish on the daily interval, where the trend was weak. RSI was neutral across intervals, and MACD gave no signal.

About Merlin Chain (MERL)

Merlin Chain is a native Bitcoin Layer2 that is committed to empowering Bitcoin’s native assets, protocols, and products on Layer1 through its Layer2 network, to Make Bitcoin Fun Again. Merlin Chain integrates ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud proof modules.Merlin Chain has locked over 3.5 billion TVL within 30 days after its mainnet launch. The team behind Merlin, Bitmap Tech, is a premier OG team boasting an overall market cap exceeding $500 million. The BRC-420 “Blue Box” collection under Bitmap Tech has become one of the hottest assets on Ordinals.

Use Cases and Features

MERL is the native token of the Merlin Chain ecosystem. It can be used for governance voting, staking to support network security, and delegation to consensus nodes. It can also serve as liquidity and collateral within the ecosystem; Merlin_BTC is the network’s primary transaction gas token, while MERL can currently be used in AA wallets to pay transaction gas fees.

Supply and Issuance Mechanism

MERL has a total supply of 2.1 billion tokens, released gradually over four years from the token generation event (TGE). Allocations include 40% for the ecosystem, 20% for Merlin’s Seal participants, 16.57% for the community, 15.23% for private investors, 4.2% for the team, 3% for advisors, and 1% for the public sale; different categories have different initial unlocks and subsequent release schedules.

Layer2

USDT

Startup

Margin

Website

Explorers

How to Buy and Use Merlin Chain (MERL)

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Buy in just four steps (Log in -> Verify -> Purchase -> Receive crypto)

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Est.30-Day APR

0.15%

Merlin Chain (MERL) Basics & Market Insights

Fundamentals

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Market Analysis

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Frequently Asked Questions About Merlin Chain (MERL)

What is MERL?

What governance can MERL participate in?

What are MERL staking and delegation for?

Can MERL be used to pay on-chain fees?

How are MERL supply and allocations arranged?

Will all MERL enter circulation at once?

What else can MERL do in ecosystem applications?

What happens when paying with MERL in an AA wallet?

What is the difference between self-staking and delegating to a node?

How are tokens released for Merlin’s Seal participants?

Do all MERL allocation categories have the same release schedule?

What is the difference between MERL's main uses?

Risk Disclosure

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