Merlin Chain (MERL) is a Layer 2 scaling solution for Bitcoin, integrating ZK-Rollup, decentralized oracles. More
| Fully Diluted Valuation | $246.74M |
|---|---|
| 24H Trading Volume | $13.43M |
| 24H Low / High | $0.11 / $ 0.12 |
| Circulating Supply | 942.40 M |
| Total Supply | 2.10 B |
| Max Supply | 2.10 B |
| Categories | Layer 2 (L2) 7 more |
|---|---|
| Founder | Jeff Merlin |
| Website | scan.merlinchain.io Whitepaper |
| Socials | 2 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Etherscan 8 more |
| Contracts | 0xa0c....107f9 2 more |
| Name | Pair | OG Score |
|---|
Merlin Chain emerges as a transformative force in the Bitcoin ecosystem, aiming to enhance scalability and functionality through advanced Layer 2 solutions. At its core, Merlin Chain integrates key technologies such as ZK-Rollup networks, decentralized oracle networks, and on-chain fraud proofs, all designed to bolster the capabilities of Bitcoin's Layer 1.
Founded under Bitmap Tech, Merlin Chain builds upon years of expertise in the Bitcoin space, previously known for products like Bitmap Explorer and BRC-420. Bitmap Tech's commitment to Bitcoin's advancement is embodied in Merlin Chain's mission to facilitate innovation and maximize asset potential on Layer 2 networks.
Key Features and Functionality
Merlin Chain's native token, MERL, plays a pivotal role within its ecosystem. It serves multiple functions, including:
Staking: Holders can stake MERL to contribute to network security, either through direct staking or collator delegation.
Transaction Fees: MERL can be used to pay network transaction fees, providing utility and fostering network participation.
Liquidity and Collateral: Within the Merlin ecosystem, MERL functions as native liquidity and collateral, enhancing its utility beyond traditional staking mechanisms.
Tokenomics and Distribution
Upon its genesis, Merlin Chain will have a total supply of 2,100,000,000 MERL tokens. These tokens will be distributed among the public, early supporters, Merlin Eco participants, and initial core contributors, ensuring a broad base of participation and engagement within the community.
Market Presence and Accessibility
MERL is currently available for trading on major exchanges such as OKX, Bybit, Gate, Kucoin, and Bitget, offering trading pairs with various cryptocurrencies and stablecoins. This accessibility enhances liquidity and facilitates broader market participation for MERL holders and investors alike.
Conclusion
Merlin Chain stands as a testament to innovation within the Bitcoin ecosystem, leveraging Layer 2 solutions to address scalability while enhancing functionality and utility for its native token, MERL. As it continues to evolve, Merlin Chain remains dedicated to advancing the capabilities of Bitcoin, ushering in a new era of interoperability and efficiency through decentralized finance and beyond.
Merlin Chain stands out for integrating advanced ZK-Rollup networks, decentralized oracles, and fraud proofs to enhance scalability and functionality on Bitcoin's Layer 2, empowering its ecosystem with native asset support and efficient transaction processing.
Merlin Chain is a product line of Bitmap Tech, founded by Jeff, who has a background as a successful entrepreneur in the Web2 industry and a strong commitment to advancing the Bitcoin ecosystem through innovative technologies.
Merlin Chain has garnered support from prominent investors including Sequoia Capital, IDG Capital, BAI Capital, 5Y Capital, and Vitalbridge, reflecting confidence in its mission to enhance Bitcoin's infrastructure and functionality through Layer 2 solutions.
You can buy Merlin Chain (MERL) on Bitget, Gate.io, MEXC, Bybit, OKX cryptocurrency exchanges.
