Performances
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.04% | 3.17% | 14.34% | 20.15% | 43.54% | 27.68% |
Comparison
Fundraising not disclosed
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Details
This content is generated by RD AI and is for reference only
Merlin Chain is a Bitcoin-based Layer 2 solution that leverages ZK-Rollup technology to improve network scalability while maintaining the security of the Bitcoin mainnet. It supports the transfer of Bitcoin-native assets such as BRC20 tokens and NFTs on the Layer 2 network, and provides an official bridge for moving assets between the Bitcoin mainnet and Merlin Chain. Its technical architecture includes nodes, a zkProver, and a database, which handle transaction processing, zero-knowledge proof generation, and data storage. The network aims to offer more efficient transaction processing and smart contract capabilities for the Bitcoin ecosystem without altering the Bitcoin mainnet itself.
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About Merlin Chain
Merlin Chain, a native Bitcoin Layer2, has achieved several milestones with long-term significance. Its mainnet upgrade, with a 12-hour downtime, marked a key technical evolution for scalability and user experience. The token MERL saw a spot price surge above $0.6, with futures trading at a ~48% premium, reflecting strong market confidence. Binance Alpha launched a second round of MERL airdrops, expanding its ecosystem reach. A notable institutional move was NASDAQ-listed CIMG partnering with Merlin Chain to launch a $55 million Bitcoin treasury, signaling mainstream adoption. Additionally, the project committed to using 50% of BTCFi profits for MERL buybacks, a sustainable value-capture mechanism. Binance also listed MERL for U-based perpetual contracts, enhancing liquidity and trading accessibility. These events underscore Merlin Chain's focus on technical robustness, ecosystem growth, and institutional integration, positioning it as a significant player in the Bitcoin Layer2 space.
Positive: ①BitVM 2.0 security integration announced on 2026-05-27, enhancing BTC L2 contract security ; ②Official statement that >50% revenue is used for continuous MERL buybacks, already in execution ; ③PoS transition and Layer 3 ecosystem planned.
Negative: ①Team token cliff expired on 2026-04-19, 88.2M MERL linear release over 24 months; ②DeFi TVL only $15M, down 98.5% from peak $980M; ③Hit all-time low $0.01815 on 2026-06-10; ④Ecosystem/community/private B releasing ~1M MERL daily until 2028; ⑤Mainnet TPS ~1/sec, quasi-zombie characteristics .
Jeff (Founder)
Jeff is the founder of Merlin Chain, a Bitcoin Layer2 solution. He was born in 1992, studied at Nanjing Foreign Languages School, then attended a private high school in the US. He was admitted to Bentley Business School with a full scholarship but dropped out after sophomore year to return to China and start his first business, founding "Sing Together". In 2018, he launched his second venture, the metaverse social product "Oasis". He entered the Web3 space with Merlin Chain, focusing on Bitcoin ecosystem innovations.