Merlin Chain priceMERL
Quote currency:
USD
Merlin Chain price live data summary
The live price of Merlin Chain is -- per (MERL / USD) today with a current market cap of -- USD. The 24-hour trading volume is $0.00 USD. MERL to USD price is updated in real time. Merlin Chain is -- in the last 24 hours. It has a circulating supply of -- .
What is the highest price of MERL?
MERL has an all-time high (ATH) of --, recorded on .
What is the lowest price of MERL?
MERL has an all-time low (ATL) of --, recorded on .
Merlin Chain price prediction
Set your predictionWhat will the price of MERL be in 2025?
Based on MERL's historical price performance prediction model, the price of MERL is projected to reach -- in 2025.
What will the price of MERL be in 2030?
In 2030, the MERL price is expected to rise by +38.00%. By the end of 2030, the MERL price is projected to reach --, with a cumulative ROI of 0.00%.
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Merlin Chain price performance in USD
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Merlin Chain price history in USD
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Merlin Chain market information
Market cap
--
--
Fully diluted market cap
--
--
Volume (24h)
--
--
Market rankings
Circulation rate
--
24h volume / market cap
Circulating supply
-- MERL
Total supply / Max supply
-- MERL
-- MERL
Merlin Chain ratings
Average ratings from the community
4.6
This content is for informational purposes only.
About Merlin Chain(MERL)
What Is Merlin Chain?
Merlin Chain is a Bitcoin Layer 2 solution that enhances the capabilities of Bitcoin by leveraging blockchain technology. This platform integrates several advanced features, such as Zero-Knowledge Rollups (ZK-Rollups), a decentralized oracle network, and data availability layers, providing a robust infrastructure for Bitcoin transactions. Aimed at "Making Bitcoin Fun Again," Merlin Chain is designed to support Bitcoin’s native assets and expand the blockchain’s utility without compromising its foundational principles.
Operating as an EVM-compatible chain, Merlin Chain facilitates seamless interaction and interoperability with Ethereum-based tools and applications. This compatibility is crucial for developers who seek to leverage the vast Ethereum ecosystem while benefiting from the unmatched security and decentralization of Bitcoin. Through its unique architecture, Merlin Chain aims to make Bitcoin more accessible and functional, promoting wider adoption across various sectors within the cryptocurrency market.
Resources
Official Documents:
https://docs.merlinchain.io/merlin-docs
Official Website:
https://merlinchain.io/
How Does Merlin Chain Work?
At the core of Merlin Chain's functionality is its use of ZK-Rollup technology, which bundles numerous transactions into a single proof that is verified on the Bitcoin blockchain. This method significantly reduces the data needed for each transaction, thereby increasing throughput and reducing costs without compromising the security inherent to Bitcoin’s blockchain. Sequencer nodes within the network manage the aggregation and submission of these proofs, ensuring efficient data handling and transaction processing.
Merlin Chain also incorporates a decentralized oracle network that plays a pivotal role in bridging Layer 2 data with the Bitcoin mainnet. This network is responsible for compiling and verifying transaction data, state roots, and cryptographic proofs before they are anchored onto the Bitcoin blockchain. The integration of these oracles enhances the transparency and reliability of data, pivotal for maintaining the integrity and security of decentralized financial transactions on the network.
Another innovative aspect of Merlin Chain is its decentralized prover network, which uses the computational power of a global pool of nodes to generate zero-knowledge proofs. This system not only democratizes the computational process but also ensures that the network remains robust and can scale effectively. By leveraging community resources, Merlin Chain can sustain high transaction volumes and complex applications, fostering a dynamic and resilient ecosystem.
What Is MERL Token?
MERL is the native token of the Merlin Chain ecosystem. It plays a central role in network governance, transaction fee payment, and rewarding users and developers who contribute to the ecosystem. MERL tokens are used to incentivize behavior that secures and enhances the platform, such as staking for network validators or funding community-selected projects through grants. Token holders can participate in the governance of Merlin Chain by voting on various proposals that dictate the future development of the platform, such as protocol upgrades, feature implementations, and the integration of new tools and services. MERL has a total supply of 2.1 billion tokens.
What Determines Merlin Chain’s Price?
The price of Merlin Chain is influenced by a combination of supply and demand dynamics, market volatility, and the broader cryptocurrency trends that shape the Web3 landscape. As with other blockchain assets, the adoption rate of Merlin Chain significantly impacts its valuation. Increased adoption by users and integration into existing financial systems can lead to higher demand, whereas any regulatory changes or security concerns might cause fluctuations. Additionally, Merlin Chain's position as potentially the best crypto investment for 2024 and beyond is often discussed in cryptocurrency analysis circles, which can also affect investor sentiment and market prices.
Furthermore, the latest news and developments within the Merlin Chain ecosystem play crucial roles in its market performance. Significant updates, such as enhancements in its Layer 2 solutions or partnerships with major blockchain networks, can trigger positive price movements. Conversely, the inherent cryptocurrency risks associated with the technology, including technical vulnerabilities or market saturation, might negatively impact prices. Keeping an eye on cryptocurrency charts and Merlin Chain price predictions can provide investors and users with insights into its short-term movements and long-term viability in the ever-evolving cryptocurrency market.
For those interested in investing or trading Merlin Chain, one might wonder: Where to buy MERL? You can purchase MERL on leading exchanges, such as Bitget, which offers a secure and user-friendly platform for cryptocurrency enthusiasts.
Related Articles about Merlin Chain:
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Last updated 2024-05-08 22:04:12（UTC+0）
How to buy Merlin Chain (MERL)
Buying Merlin Chain on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to
How to buy Merlin Chain (MERL)
.
Trade MERL perpetual futures
After having successfully signed up on Bitget and purchased USDT or MERL tokens, you can start trading derivatives, including MERL futures and margin trading to increase your income.
The current price of MERL is --, with a 24h price change of --. Traders can profit by either going long or short onMERL futures.
Join MERL copy trading by following elite traders.
After signing up on Bitget and successfully buying USDT or MERL tokens, you can also start copy trading by following elite traders.
Merlin Chain news
See more
BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals
Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.
Coindesk•2023/12/18 21:31
Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain
The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.
Coindesk•2023/11/16 08:00
Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
Coindesk•2023/07/25 12:47
People are also inquiring about the price of Merlin Chain.
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MERL resources
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