Merlin Chain
MERL Rank #405Price chart
What is Merlin Chain?
Origins and execution
Bitmap Technology, founded by Jeff Yin, announced Merlin Chain in January 2024. Its mainnet went live on February 8, 2024. MERL entered public trading in April of the same year. The network extends Bitcoin assets into an environment where developers can deploy Ethereum-style applications. Its zkEVM executes transactions and produces proofs of state changes. Sequencers collect transactions and organize them into batches.
Bitcoin asset infrastructure
Merlin's architecture combines a ZK-rollup network, an oracle network and data-availability infrastructure. The oracle design retains transaction data while posting state commitments to Bitcoin. Bridges connect Bitcoin assets and other supported tokens to the execution network. Merlin_BTC is the primary transaction-fee asset. Account-abstraction wallets also support paying fees with MERL.
Distribution and utility
MERL has a total supply of 2.1 billion tokens. The allocation includes 20% for Merlin's Seal participants and 40% for ecosystem development. Other portions cover community programs, investors, the team, advisers and a public sale. Distribution schedules extend across four years from the token generation event. MERL supports voting on ecosystem proposals and staking or delegation within the network's security design. Applications can also use it as liquidity or collateral.
Where to trade MERL
23 exchanges · top 10
Live spot quotes from connected exchanges
MERL funding rates
Live perpetual funding on every connected exchange. Positive = longs pay shorts.
Contracts & chains
Exact contract or mint per network — the identity layer used for DEX routing.
On-chain routes
Networks with a connected DEX routing adapter.