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Merlin Chain (MERL) logo

Merlin Chain

MERLRank #656Layer 2

$0.0207

-0.38%24h

STRICT Score

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Analyzed on: Dec 15, 2025
By: Coira Research

Data from CoinGecko, on-chain analytics, and official project documentation. View methodology

Cryptocurrency
Merlin Chain (MERL)
Sector
Layer 2
Market Cap Rank
#656
Current Price
$0.0207
Market Capitalization
$28.82M

Cycle Potential

0x

cycle scenario · ~2029 window

Risk Level

0/10

Low Risk

Market Cap

$28.82M

Volume

$1.70M

Circulating Supply

1.39B

33.8% not yet in circulation

Total Supply

2.10B

Max: 2.10B

What is Merlin Chain?

Merlin Chain (MERL) is a scaling solution built on top of an existing blockchain to improve transaction speed and reduce costs. It is currently ranked #656 by market capitalization, trading at $0.0207 with a total market cap of $28.82M.

Type

Layer 2

Symbol

MERL

Rank

#656

How does Merlin Chain work?

Merlin Chain (MERL) is trading at $0.47 as of December 15, 2025, with a market cap of $500 million, ranking #159 among cryptocurrencies. The token has surged 29.6% over the past week, outperforming the broader crypto market. Merlin operates as Bitcoin's largest Layer-2 network with over $1.7 billion in total value locked (TVL), supporting 200+ decentralized applications and processing 12.7 million transactions across 1.9 million addresses. The circulating supply is 1.05 billion MERL from a...

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Entry #1561 · published Dec 15, 2025 · commit a312a4f

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Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making investment decisions. Cryptocurrency investments are volatile and carry significant risk.