MERLMarket cap rank 443
Merlin Chain (MERL) price and heat score
$0.0261107
24h +4.0% · 7d +17.4% · 30d +20.6%
33
Smart Contract PlatformBNB Chain EcosystemEthereum EcosystemLayer 2 (L2)Merlin Chain EcosystemBitcoin Sidechains
Merlin Chain (MERL) trades at $0.0261107, up 20.6% over the past 30 days. Its market cap — supply times price — is $54.8M, the 443-largest in crypto. Over a year it is -87% (down), and it sits -98% from its all-time high. Total value locked on this chain is $9.7M, or 0.18x its market cap. On tradability, the book is thin, so incoming money moves the price easily. Taken together, the overall heat score is 33 (COOL). A higher number means more of the conditions for a rally are in place — it is not a price forecast.
One-year chart (daily close; hover for the price)
Price
$0.0261107
Market cap
$54.8M
FDV
$54.8M
24h volume
$3.0M
24h / 7d / 30d
+4.0% / +17.4% / +20.6%
From ATH
-98.2%
Chain TVL
$9.7M
Circulating / total
100%
Profile What kind of asset is Merlin Chain?
A mechanical read on Merlin Chain (MERL) from market data — a first impression to start from, not a verdict.
Market size
Small cap
A small-cap asset in the middle to lower part of the market (ranked #443)
Price swings
Wide (24h range 8.9%)
A somewhat wider daily range than usual
Liquidity (24h volume)
Somewhat thin
Volume is on the small side, so inflows move the price easily
Dilution risk
Mostly done (100% circulating)
Nearly the entire supply cap is already circulating, so little dilution pressure remains
Long-term trend
Down sharply over 1 year (-87%)
The direction on a longer time frame
A qualitative summary based on market data. This is not investment advice.
Overview What is Merlin Chain
Merlin Chain serves as a Layer 2 solution for Bitcoin, incorporating essential components like ZK-Rollup networks, decentralized oracle networks, and fraud proofs within the Bitcoin chain. Its primary objective is to empower the native assets, protocols, and application ecosystem of Bitcoin Layer 1, facilitating ongoing innovation and maximizing asset potential on Layer 2 networks.
The description is based on public information from CoinGecko.This is information, not investment advice.
Basics How Merlin Chain started, and its basic data
Watchlists
10K
How many people track this asset on CoinGecko — a gauge of attention
Official documents
Launch date, technical design and follower counts come from CoinGecko's public data.
Price detail Price levels for Merlin Chain
Key price levels for Merlin Chain (MERL). Crypto is divisible, so you can buy well under a whole coin.
Current price
$0.0261107
as of 2026-09-21
24h range
$0.0240961 – $0.0264221
Low to high over the past 24 hours
All-time high
$1.45
The highest price on record (2024-04-19)
Distance from ATH
-98.2%
A new high would take about 55.5x the current price
All-time low
$0.0157184
The lowest price on record (2026-06-26)
Distance from ATL
+66%
Trading near its all-time low
Where it sits in today's range
Low $0Near the top of today's rangeHigh $0
Signals Catalysts currently in play (auto-extracted)
📈
Uptrend continuing
+17.4% over 7 days, +20.6% over 30. Both the short and medium term point up, and momentum is behind the move.
🏔️
Far below its all-time high
Trading -98% from its all-time high. Recovering that ground would take a substantial return of demand — and a discount this large usually has a reason worth checking.
🪫
Public repository is quiet
No public commits in the past four weeks (development may be happening in private). Worth confirming the project's continuity separately.
These signals are extracted automatically by deterministic rules from the data on this page — price, volume, unlocks, development activity and chain usage. They do not forecast prices, and they contain no social-media rumour or speculation.This is not investment advice.
Returns Performance by period
Returns over each period, so you can compare short-term momentum against the longer-term trend at a glance. Positive is a gain, negative a loss.
1 hour
-0.1%
24 hours
+4.0%
1 week
+17.4%
2 weeks
+12.8%
1 month
+20.6%
200 days
-50.3%
1 year
-86.8%
Over the past 30 days it has run about 17 points ahead of Bitcoin (+3.4%), the market's benchmark. (MERL: +20.6%)
Past performance, which does not guarantee future results.
Supply Who controls the supply
Of the current total supply of 2,100,000,000 MERL, 100% is on the market today. Practically all of it circulates. This asset publishes no maximum supply, so the figures above are measured against current total supply.
Circulating 100%
Project Project information and governance
Official links
Category & ecosystem
Smart Contract Platform BNB Chain Ecosystem Ethereum Ecosystem Layer 2 (L2) Merlin Chain Ecosystem Bitcoin Sidechains SideChain OKX Ventures Portfolio
Major venues
OKX, Bitget, BitKan, Bybit, LBank, Hibt, OrangeX, Gate
External links point to each project's own official pages.We do not vouch for what those pages contain.
Exchanges Where is Merlin Chain traded?
The venues where Merlin Chain (MERL) trades most, by 24-hour volume in USD. Deeper volume generally means orders fill more easily and the price holds steadier.
HTX$868,273
OKX$561,619
BitMart$514,553
Bithumb$259,855
LBank$204,190
Bybit$199,266
Hibt$165,550
OrangeX$156,431
Ranked by converted volume, highest first.Which venues you can use depends on where you live, so check what is licensed in your own jurisdiction.This is not a recommendation of any particular exchange.
Heat score Heat factor breakdown
33
How the overall score is built: market gate 45 (applied to everything) × geometric mean of the four factors 74 (momentum, liquidity, fundamentals and supply, multiplied together) → 33. It is not a simple average: a weak market holds the whole score down, and a single weak factor drags the rest with it.
Heat scoreMarket gate (shared by all assets)
2026-07-19dashed line = 502026-09-21
→ Over these 65 days heat peaked at 61 (2026-09-04) and bottomed at 25 (2026-08-19); it now stands at 33.
→ Over the same period the market gate moved between 42 and 80. The gate applies to every asset alike, so that much of the movement is not specific to this one.
The history is not a log of past scores. Each day is recomputed from that day's raw data using the current formula, so a change to the formula moves the whole line rather than creating a break in it. Collection began on 19 July 2026; nothing earlier can be reconstructed.
Factor breakdown (0–100; higher means more conditions are in place)
Regime (market gate) gate
45
→ The market gate is neutral. Asset-specific factors decide this one.
Momentum
96
→ An uptrend is holding. Momentum is on this asset's side.
Liquidity (traded volume depth)
89
→ Volume is deep enough that a move is one you could actually participate in.
Fundamentals (TVL / market cap)
35
→ Little capital is locked relative to market cap, or the asset is outside TVL coverage.
Supply lightness
100
→ Most of the supply already circulates, so unlock pressure is light.
Development activity → No public code updates in the last four weeks. Development may have stalled, or it may be happening in private repositories.
Standard-score profile, compared against every asset on the site (50 is the mean). It shows where this asset sits in the population on each metric; higher is always the better direction.
Overall standard score
54.5 #737 of 4384 assetsStandard-score ranking →
54.5 #737 of 4384 assetsStandard-score ranking →
60
64
64
49
56
49
43
50
A relative position within the assets covered here, not an absolute rating.
Related Structurally similar assets (shared categories)
BOB (Build on Bitcoin) BOBHEAT 30
BNB Chain Ecosystem · Bitcoin Sidechains
Coinweb CWEBHEAT 20
Bitcoin Sidechains · Ethereum Ecosystem
Singularity Finance SFIHEAT 19
BNB Chain Ecosystem · Ethereum Ecosystem
GOAT Network GOATEDHEAT 16
BNB Chain Ecosystem · Bitcoin Sidechains
Mintlayer MLHEAT 22
Bitcoin Sidechains · Ethereum Ecosystem
Cellframe CELLHEAT 28
BNB Chain Ecosystem · Ethereum Ecosystem
Similarity computed from shared CoinGecko categories rather than an industry taxonomy. Assets in the same L1 ecosystem or with the same use case tend to share capital flows and market conditions.
FAQ Merlin Chain — frequently asked questions
What is Merlin Chain (MERL)?
Merlin Chain serves as a Layer 2 solution for Bitcoin, incorporating essential components like ZK-Rollup networks, decentralized oracle networks, and fraud proofs within the Bitcoin chain. Read more →
What is the current price of Merlin Chain (MERL)?
$0.0261107 as of 2026-09-21. The price moves daily, and this page is rebuilt every day.
What is the market cap of Merlin Chain (MERL)?
About $54.8M as of 2026-09-21, which ranks #443 across all crypto assets.
What is Merlin Chain's heat score, and what does it mean?
The heat score is 33 (COOL) as of 2026-09-21. It is our own 0–100 measure of how many of the conditions a rally needs — momentum, tradable volume, light supply and a supportive market — are currently in place. It is not a price forecast. The model multiplies its factors, so a single missing condition holds the whole score down.
What is the supply of Merlin Chain (MERL)?
As of 2026-09-21, 2,100,000,000 MERL is in circulation out of a total supply of 2,100,000,000 MERL — about 100%. The remainder may reach the market through future unlocks.
What is the all-time high for Merlin Chain (MERL)?
The all-time high on record as of 2026-09-21 is $1.45.The price is $0.0261107 today, -98.2% from that high.
How much Merlin Chain (MERL) can I buy with $100?
At the 2026-09-21 price ($0.0261107), $100 buys roughly 3,829.85 MERL before fees and spread. Crypto is divisible, so you do not need to buy a whole coin.
Will Merlin Chain (MERL) go up? What are its prospects?
We do not forecast prices or give investment advice. What this page does is track Merlin Chain every day through factual data — the heat score, supply structure, charts and development activity. Use it as material for your own judgement; the decision is yours.
Where can I buy or trade Merlin Chain (MERL)?
It trades on major crypto exchanges. Which venues you can use depends on where you live, so check what is licensed in your own jurisdiction. This is information, not a recommendation of any asset or exchange.
The prices, market caps and heat scores above are as of 2026-09-21 and change daily.This is information, not investment advice.
Machine-readable data: JSON
Updated 2026-09-21 · rebuilt daily
This site provides information based on public data. It is not investment advice or a solicitation to buy or sell. The heat score is a deterministic, relative indicator computed by a fixed formula; it does not predict future prices. Trading crypto assets involves risk, including price volatility. Make your own decisions.
Data provided by CoinGecko · TVL / fees / stablecoins: DefiLlama · Fear & Greed: alternative.me
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