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MERL Rank 657 Layer 2 / scaling

Merlin Chain

$0.0208 -0.15% 24H +2.00% 7D
live quote, delayed and indicative CoinGecko observed 03 Sep 2026 07:47 UTC
Market cap Market cap $28.97M 0.00% of the market
Fully diluted Fully diluted $43.73M +50.95% above market cap
Volume, 24h Volume, 24h $1.63M 5.61% of market cap
Circulating Circulating 1.39B MERL of 2.10B maximum
From all-time high From all-time high -98.56% high on 19 Apr 2024
Volatility, 30d Volatility, 30d annualized from daily moves
01

Research notes

What to watch

Total value locked, currently 7,206,550.35 dollars, is worth monitoring because it reflects how much economic activity is being conducted on the chain and whether developers and users are actively deploying assets there. The 30-day fee figure and its growth rate of 77.42 percent are worth tracking over successive periods to see whether the recent uptick in fee generation is sustained or reverting. The dilution overhang stands at 50.95 percent, meaning roughly half of the maximum supply of 2,100,000,000 tokens has yet to enter circulation from the current 1,391,178,548 circulating supply, so changes in circulating supply over time would be informative about how that remaining supply enters the market. The price is currently 98.59 percent below its all-time high, recorded 866 days ago, which sets a useful historical reference point for observing how current activity metrics compare to conditions at peak.

Written by an AI language model from the figures listed below, on 02 Sep 2026 17:26 UTC.

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