Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide
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1% through historical range
41.80% above ATL and 98.05% below ATH
Showing 10 spot markets sorted by CoinMarketCap exchange rank. Markets excluded from CMC price or volume calculations are hidden.
| Pair | |||||
|---|---|---|---|---|---|
| 1 | Binance Alpha | MERL/USDT | $0.03 | $9.99K | 221 |
| 2 | Binance Alpha | MERL/USDC | $0.03 Best price | $510 | 1 |
| 3 | MERL/USDT | $0.03 | $950.35K | 469 | |
| 4 | MERL/TRY | $0.03 | $2.83K | 407 | |
| 5 | MERL/USDT | $0.03 | $279.42K | 331 | |
| 6 | MERL/USDT | $0.03 | $200.29K | 390 | |
| 7 | MERL/USDT | $0.03 | $42.66K | 427 | |
| 8 | MERL/USDT | $0.03 | $10.81K | 262 | |
| 9 | PancakeSwap v3 (BSC) | USDC/MERL | $1.00 | $132.08K | 319 |
| 10 | PancakeSwap v3 (BSC) | MERL/WBNB | $0.03 | $1 | 75 |
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Merlin Chain operates as a Layer 2 solution for Bitcoin, integrating key elements such as ZK-Rollup networks, decentralized oracle networks, and fraud proofs within the Bitcoin chain. Its core aim is to enhance the native assets, protocols, and application ecosystem of Bitcoin Layer 1, fostering continuous innovation and maximizing asset potential on Layer 2 networks. The native token of Merlin Chain, MERL, serves various purposes:
Staking MERL contributes to the overall security of Merlin Chain.
MERL holders can choose to delegate their holdings to collators or stake MERL to operate their collators and secure the network.
MERL can be utilized within Merlin L3 to pay transaction fees.
MERL tokens are integral to the Merlin ecosystem, providing native liquidity and collateral.
Merlin Chain will have a total supply of 2,100,000,000 MERL at genesis, distributed among the public, Merlin Eco, early supporters, and initial core contributors.
Merlin Chain is a product line of Bitmap Tech (formerly RCSV), founded by Jeff. Prior to Bitmap Tech, Jeff was an entrepreneur in the Web2 industry, securing funding from prominent entities like Sequoia Capital, IDG Capital, BAI Capital, 5Y Capital, and Vitalbridge. His foray into the Web3 domain began in 2023, inspired by Ordinals and the BTC ecosystem.
As of May 21, 2026, Merlin Chain trades at $0.03.
Merlin Chain has a market capitalization of $38,471,318.96.
Merlin Chain has a 24-hour trading volume of $5,270,203.21.
Merlin Chain reached an all-time high of $1.55, recorded on Apr 19, 2024. It is currently 98.05% below its all-time high.
Merlin Chain recorded an all-time low of $0.021, recorded on Apr 3, 2026. It is currently 41.80% above its all-time low.