Merlin Chain

MERL

Layer 2, network protocol weightsMarket-cap rank 536, CoinGecko 23 Oct 2026

STRICT score withheld.Score opens with Pro

Sustainabilitywithheld×0.20–

Transparencywithheld×0.14–

Revenuewithheld×0.10–

Innovationwithheld×0.24–

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Tokenomicswithheld×0.14–

Weights are public.

The full report. Score, pillars, arithmetic, risk, scenario, signal and notes.

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About Merlin Chain

Analysis of 15 Dec 2025

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.

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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 maximum supply of 2.1 billion tokens.

Trading volume stands at $43.6 million daily, with staking participation reaching 52% of circulating supply at 12-18% APY.

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