Melon was rebranded and is now known as Enzyme Finance. It is a blockchain protocol for digital asset management built on the Ethereum platform.
Enzyme
Trading Activity Trading Activity is a 0–100 price-reliability indicator combining reported 24-hour volume with market-cap turnover, cached valid-market liquidity, active exchange breadth, and quote freshness when those inputs are available. It assesses whether the displayed market price is supported by meaningful trading; it does not assess project development, reserves, or solvency.
Supported
$20.23K traded Price signal supported
Trading Activity price-reliability indicator with 100 percent data coverage. Low activity replaces price-derived sentiment because the displayed market price may not be supported by meaningful trading. Peg Health Peg Health is a price-stability 0–100 indicator for stablecoins. It measures the asset’s current distance from its target, reconstructed 24-hour to 90-day reference-price snapshots, and whether rising 24-hour volume accompanies a deviation. It measures observed market pricing, not reserve quality or redemption safety.
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Target
Peg Health price-stability indicator with 0 percent data coverage. It measures observed market pricing, not reserve quality or redemption safety. Market Signal Market Signal is a price-based 0–100 indicator combining 24-hour to one-year momentum, logarithmic position between the all-time low and high, recency of those milestones, and whether 24-hour volume change confirms the latest price move. It describes current market conditions, not a price forecast.
Bearish
30D -14.4% 99.5% below ATH
Price-based current market conditions indicator with 100 percent data coverage. This is not a price forecast. $1.37
Updated Data via CoinMarketCap
- Market cap The current market value of coins already in circulation.
- $4.49M
- Token Dominance This asset's share of the Token category's total market capitalization, calculated by dividing its market cap by the combined market cap of assets in its primary CryptoSlate category.
- 0.0%
- Volume (24h) The estimated total value traded across exchanges over the past 24 hours.
- $20.23K
- Supply The circulating supply currently reported for this asset.
- 3.28M
- FDV Fully diluted valuation estimates the market value if the project's fully diluted token supply were circulating at the current price.
- $4.5M
Enzyme price chart
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Why trading activity is supported
Supported 43 100% data coverage Trading Activity explains whether the displayed price is supported by meaningful trading. It is a price-reliability indicator, not a project rating.
Price signal unreliable $20,225.72 traded over the last 24 hours. The available activity evidence is sufficient to retain the asset’s price-derived signal.
Price support evidence
Measured factors support the displayed price; unavailable factors are shown explicitly and reduce data coverage. Reported volume45% weight 43 / 100
Valid-pair liquidity25% weight 11 / 100
Market-cap turnover15% weight 53 / 100
Exchange breadth10% weight 81 / 100
Quote freshness5% weight 100 / 100
Reliability decision
Price-derived interpretation begins at 40 out of 100; readings below that threshold are withheld. 43 40 / 100 minimum
Price signal supported Trading evidence supports price-derived interpretation.
Activity evidence
These observed market values underpin the Trading Activity score and its coverage.- 24h volume
- $20,225.72
- Turnover
- 0.45%
- Valid markets
- 7
- Active exchanges
- 6
Low activity can make the displayed price sensitive to a handful of trades. Trading Activity assesses price reliability—not project development, legal status, reserves, or solvency.
Price movement Not interpreted while trading support is below the reliability threshold.
Market context
Supporting only Supporting market context is shown for orientation but is not treated as a reliable price signal.- Displayed price The latest displayed USD price. Low trading support can make this value sensitive to a small number of trades.
- $1.37
- Market cap The current market value of coins already in circulation.
- $4.49M
- Reported pairs The number of market pairs reported for this asset.
- 161
How Trading Activity is calculated
What it measures
The model combines reported 24-hour volume, market-cap turnover, valid-pair liquidity, active exchange breadth, and quote freshness. Missing optional evidence lowers coverage; missing volume or a known-stale quote suppresses price-derived interpretation.
Configured model weights
- Reported volume
- 45% weight
- Valid-pair liquidity
- 25% weight
- Market-cap turnover
- 15% weight
- Exchange breadth
- 10% weight
- Quote freshness
- 5% weight
When inputs are missing, these configured weights are renormalized across the available evidence; data coverage records what is missing.
How to read it
Scores of 0–19 are dormant, 20–39 are thin, 40–69 are supported, and 70–100 are active. Scores below 40 withhold price-derived interpretation.
Why Enzyme is bearish
Bearish 29 100% data coverage Market Signal explains the weighted evidence behind the current price-based label. It describes current conditions and is not a price forecast.
Price momentum across the scored timeframes weighs on the reading, while short-term volume confirms the stronger move. Together these inputs produce a bearish reading rather than a price forecast.
Score drivers
Each bar shows how a formula-weighted input pulls the composite reading below or above its neutral midpoint. Momentum 55% weight −10 pts
Historical position 20% weight −9 pts
Milestone recency 15% weight −3 pts
Volume confirmation 10% weight +2 pts
Historical position
The current price is placed between the all-time low and high on a logarithmic scale, matching the formula input. 3% of log range
Log scale · formula input Logarithmic placement gives equivalent percentage moves comparable visual distance across the full historical range. A complete ATL and ATH range is not available for this asset.
Momentum evidence
These are the price-change horizons used by the Market Signal momentum component.- 24H
- Down 2.40%
- 7D
- Down 5.59%
- 30D
- Down 14.35%
- 90D
- Up 5.86%
- 1Y
- Down 83.16%
Market context
Not directly scored These supporting values provide context and are not directly included in the displayed signal score.- CEX volume (24h) The estimated centralized-exchange trading volume over the past 24 hours.
- $20.23K
- DEX volume (24h) The estimated decentralized-exchange trading volume over the past 24 hours.
- —
- Total supply The total number of tokens that currently exist, excluding any that have been verifiably burned.
- 3.28M
How this score is calculated
What it measures
The model converts price momentum, logarithmic historical position, milestone recency, and short-term volume confirmation into one 0–100 score. Missing evidence lowers data coverage instead of counting as neutral.
Configured model weights
- Momentum
- 55% weight
- Historical position
- 20% weight
- Milestone recency
- 15% weight
- Volume confirmation
- 10% weight
When inputs are missing, these configured weights are renormalized across the available evidence; data coverage records what is missing.
How to read it
50 is the neutral midpoint. Scores of 60 or higher are bullish, 40 or lower are bearish, and 41–59 are neutral.
Enzyme Markets
Showing 10 spot markets sorted by CoinMarketCap exchange rank. Markets excluded from CMC price or volume calculations are hidden.
| Pair | |||||
|---|---|---|---|---|---|
| 1 | MLN/USD | $1.41 | $18.78K | 287 | |
| 2 | MLN/USDT | $1.41 | $676 | 77 | |
| 3 | Uniswap v2 | WETH/MLN | $2,439.03 | $1.74K | 255 |
| 4 | MLN/USD | $1.40 | $8.46K | 150 | |
| 5 | MLN/EUR | $1.39 Best price | $1.85K | 1 | |
| 6 | MLN/USDT | $1.49 | $0 | 1 | |
| 7 | MLN/EUR | $1.41 | $6.76K | 35 | |
| 8 | LATOKEN | MLN/USDT | $1.40 | $0 | 1 |
| 9 | MLN/BTC | $1.82 | $0 | 1 | |
| 10 | CoinDCX | MLN/INR | $1.52 | $113 | 1 |
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About Enzyme
Enzyme Links & Resources
- Website
- enzyme.finance
- Whitepaper
- Whitepaper
- Explorer
- etherscan.io
- Wallets
- Exchanges
Enzyme Technical Details
Circulating Supply 3,276,108
Total Supply 3,276,727
Enzyme Organization and Team
Team members
6 profilesReto Trinkler
Chairman & Co-FounderMona El Isa
CEO & Co-FounderSimon E. Schmid
Head of UX/Front-EndAhmad S. Afandi
Head of DesignJenna Zenk
Front-End DeveloperTravis Jacobs
Blockchain DeveloperEnzyme FAQs
What is the price of Enzyme today?
As of Oct 23, 2026, Enzyme trades at $1.37.
What is the market cap of Enzyme?
Enzyme has a market capitalization of $4,494,875.42.
What is the 24-hour trading volume of Enzyme?
Enzyme has a 24-hour trading volume of $20,225.72.
What is the all-time high of Enzyme?
Enzyme reached an all-time high of $270.05, recorded on Jan 4, 2018. It is currently 99.49% below its all-time high.
What is the all-time low of Enzyme?
Enzyme recorded an all-time low of $1.19, recorded on Jun 24, 2026. It is currently 14.94% above its all-time low.
What is the TVL of Enzyme?
Enzyme has a total value locked of $123,885,017.
What is the market cap to TVL ratio of Enzyme?
Enzyme has a market cap to TVL ratio of 0.04x.
