Merlin Chain

Merlin Chain is a Layer 2 scaling network built on top of Bitcoin, designed to extend Bitcoin's capabilities by supporting smart contracts, decentralized applications, and a broader token ecosystem that Bitcoin's base layer does not natively accommodate. It targets developers and users who want access to the Bitcoin asset base while working within a faster, more programmable environment. The project frames itself as a bridge between Bitcoin's security and the richer functionality typically associated with other smart-contract platforms.

Merlin Chain uses a ZK-Rollup architecture combined with decentralized oracle networks and fraud-proof mechanisms, batching transactions off-chain and settling proofs back to the Bitcoin base layer. The MERL token functions as the native asset within this ecosystem, appearing across the BNB Chain and Ethereum ecosystems as well as the Merlin Chain's own application layer. The block time recorded in the data is zero minutes, indicating near-instant block production on the Layer 2 side, though the settlement finality ultimately depends on Bitcoin's underlying chain.

Merlin Chain generated fees of $95 over the most recent 24-hour period and $531 over the trailing seven days, with $2,097 collected over the trailing 30 days and $307,564 over the trailing 12 months. Fee growth over the last 30 days was 46.15 percent relative to the prior period. Annualizing the trailing 30-day fee figure produces $25,513.50, which, set against a market capitalization of $62,149,874, yields a fee yield of approximately 0.04 percent and a market-cap-to-annualized-fees ratio of about 2,431. The data does not specify how collected fees are distributed between the protocol, sequencers, or token holders.