Merlin Chain

The fees figures across the 24-hour, 7-day, and 30-day windows are worth tracking together because the recent 11.29 percent decline in 30-day fees signals a direction in network usage that, if it continues or reverses, would change the market-cap-to-fees ratio meaningfully. Total value locked, currently 9,017,509 USD, is another figure to monitor because the market-cap-to-TVL ratio of approximately 4.19 reflects how much capital the market cap implies relative to assets actually secured on the chain. Supply dynamics are also informative: 68.09 percent of the maximum supply of 2,100,000,000 MERL is already circulating, but 46.87 percent of the maximum supply has yet to enter circulation, and the pace at which that remaining supply is released would affect the relationship between circulating and fully diluted measures. Finally, the price is 98.12 percent below its all-time high recorded 915 days ago, which provides historical context for where current activity levels sit relative to the network's peak.

Ditulis oleh model bahasa AI dari angka-angka yang tercantum di bawah, pada 21 Oct 2026 17:21 UTC.