About
MERL
Ended--
Last price (USDT)
741.79K
24h total (USDT)
1.73M
Total vol (USDT)
2024-04-12 04:00:00 ~ 2024-04-19 09:30:00
Trading time (UTC+0)
2024-04-19 11:00:00
Delivery time (UTC+0)
Total supply2.10B
Resources
Introduction
Merlin Chain is a native Bitcoin Layer 2 solution dedicated to enhancing Bitcoin's native assets, protocols, and products on Layer 1 through its Layer 2 network. Its underlying infrastructure is built on Polygon's ZK technology, featuring a decentralized Oracle network for data availability and powered by Lumoz's decentralized ZK computing power network for ZKP computation. It enables challengers to present fraud proofs for disputed matters, leveraging Bitcoin's robust consensus mechanism to ensure the security of the Merlin Chain network.
Did The 22% Merlin Chain (MERL) Price Rally Just Confirm A Bull Trap?
Merlin Chain (MERL) is a Bitcoin Layer-2 project designed to enable faster, cheaper transactions on the Bitcoin network. The token is up about 22.5% in the past 24 hours and trades near $0.31. Over three months, the Merlin Chain price is still up about 171%. But the past month tells a different story. In that window, MERL is down about 15%, even after the latest spike. So the question is simple. Did this sharp move up strengthen the trend, or was it more of an outlier? The charts suggest that the 24-hour window rally only strengthened its trend reversal theory. And not in a good way! Rally Looks Strong, But The Underlying Signals Do Not Earlier in Merlin Chain’s long uptrend, starting around late June, the price and the Relative Strength Index (RSI) moved together. RSI measures buying and selling strength, and both the price highs and RSI highs kept rising. That is how a healthy rally behaves. The past month breaks that pattern. Between October 26 and November 26, the Merlin Chain price made a higher high. RSI produced a lower high. That is standard bearish divergence. It often appears near the end of an uptrend, signaling that the next leg may turn down. MERL Trend Reversal Coming: TradingView Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Chaikin Money Flow (CMF), which tracks whether big buyers are supporting the move, adds more pressure. From September 21 to November 26, the MERL price made higher highs again. CMF made lower highs and has now fallen under the zero line. A drop under zero, while forming bearish divergence against the price, means large-money inflows have weakened even while the chart pushed to new highs. Big Money Slows Down: TradingView The 22% spike did not fix this. In fact, the candle right after the jump turned red, showing that sellers used the strength to exit instead of joining. When both RSI and CMF weaken while price hits new highs, the setup often hints at a bull trap — a fast move up that lures buyers in before the trend reverses. Key Merlin Chain Price Levels Now Decide If The Uptrend Survives Now, the existing Merlin Chain price levels decide everything. The first major resistance sits at $0.38. A clean daily close above $0.38 would weaken the divergence setup and let MERL aim for $0.48 and then $0.57, the near-term peak. That would be the signal that the broader rally from June still holds. However, the move would still need CMF support. If MERL fails to clear $0.38 and falls under $0.28, the reversal setup grows stronger. The line that confirms the downtrend sits near $0.21. A daily close below $0.21 would complete a clear top and flip the whole three-month structure into a confirmed trend reversal. Merlin Chain Price Analysis: TradingView Right now, the message is straightforward. MERL’s 22% rally saved the short-term chart, but it also revealed that momentum and big-wallet demand are fading. If the key levels fail, this spike will be remembered not as a breakout, but as the move that confirmed the start of the downtrend. And it might even look like a “bull trap” for those who entered at $0.57 or nearby levels. Read the article at BeInCrypto
Coin Terminal Boosts IDO Engagement With Refund-Backed Participation and Monthly Crypto Lottery
Every Coin Terminal sale participant has been automatically put into the platform’s monthly on-chain $10,000 cryptocurrency lottery since its introduction. Winners are publicly chosen using Chainlink VRF, a provably fair and verifiable random number generator, to guarantee equity and openness. Coin Terminal, the first open-access Web3 launchpad with refund rights in the market, is offering free lottery tickets to customers as an additional incentive. Yurii Ovsii, a 44-year-old Ukrainian who escaped his war-torn nation and now lives in Florida, was the most recent fortunate contender to collect the reward. Every Coin Terminal sale participant has been automatically put into the platform’s monthly on-chain $10,000 cryptocurrency lottery since its introduction last summer, even if they subsequently want a refund for their purchase. Winners are publicly chosen using Chainlink VRF, a provably fair and verifiable random number generator, to guarantee equity and openness. Ovsii, a DeFi enthusiast who has a knack for spotting excellent early-ventures, has pledged $14,000 to Project Merlin, a decentralized Web3 environment designed to support the expansion of entrepreneurs. Coin Terminal, the sole launchpad that grants 100% refund rights to participants in the Merlin sale, complied with Ovsii’s later request for a refund after Binance’s decision to revoke the project’s Alpha listing. Yurii was thrilled to get his investment returned, but he was even more shocked to discover that he had won $10,000 in the lottery. “I couldn’t believe it when Coin Terminal contacted me to let me know that I’d won, I thought that I was dreaming,” shared Yurii. “I am going to use this money to enter more launches at Coin Terminal and, most importantly, pay for a holiday in order to spend some quality time with my family. I feel so blessed to have won this lottery, even though I had refunded my entry.” Even if they subsequently get a refund, each user who contributes $250 or more to a Coin Terminal sale is automatically eligible to win the grand prize and enter the monthly lottery. There were 1,200 entries in the lottery that Yurii won. Along with offering consumers a free lottery ticket, Coin Terminal’s dedication to accessibility ensures that anybody may participate without having to stake tokens and enjoy an unwavering money-back guarantee in the event that the project doesn’t work out. The launchpad offers customers the opportunity to co-invest with some of the largest venture capital organizations in the market, having completed sales supported by many well-known VC firms, including Coinbase Ventures, Animoca Brands, DCG, OKX Ventures, and Binance Labs. With an emphasis on authenticity, inclusion, and trust, Coin Terminal has launched more than 80 projects since its 2024 inception, including as the AIT protocol, StarHeroes, and K9 Finance. Along with investors like Binance Labs, Samsung NEXT, Arthur Hayes, and many more, Coin Terminal is a prominent Web3 launchpad.
New spot margin trading pairs — SKY/USDT, ALGO/USDT, MERL/USDT!
We are thrilled to announce that Bitget has launched isolated spot margin trading for SKY/USDT, ALGO/USDT, MERL/USDT. New listing promotion: To celebrate the listing of new coins, Bitget will randomly distribute spot margin interest vouchers or position vouchers to users. Spot margin interest vouchers can be used to offset part or all of the borrowing interest in margin trades. Position vouchers allow users to open margin trade positions without using their own funds. You can claim vouchers in the Coupons Center . References: Three steps to complete Bitget spot margin trading Disclaimer Cryptocurrencies are subject to high market risk and volatility despite high growth potential. Users should conduct their own research and invest at their own discretion. Bitget shall not be liable for any investment losses. Join Bitget, the World's Leading Crypto Exchange and Web3 Company Sign up on Bitget now >>> Follow us on X >>> Join our Community >>>
Bitcoin tests $116K resistance ahead of Fed decision; new token launches stir market
Bitcoin stalls near $116K as Fed’s policy decision draws focus. Major altcoins trade sideways amid low volumes and uncertainty. Velora (VLR) and Project Merlin (MRLN) set to redefine DeFi ecosystems. Bitcoin is once again testing the nerves of crypto market participants as its price hovers near $1,16,000, battling a stubborn resistance just as the global spotlight turns to the US Federal Reserve’s mid-September policy meeting. In the early hours of September 16, Bitcoin traded at $1,15,200, trimming modest overnight gains amid lower trading volumes and a cautious risk mood. The benchmark cryptocurrency’s market cap stands at a robust $2.29 trillion, with 24-hour volumes just over $52 billion, evidence that, while enthusiasm has tempered, the appetite for digital gold remains very much alive. The shadow of the Fed’s upcoming decision has left broader markets listless, and crypto is no exception. Investors remain on high alert for clues around possible rate adjustments after a string of resilient US inflation data. Any shift in policy or surprise rhetoric could produce short, sharp moves across all risk assets, with Bitcoin particularly sensitive given its recent struggle to clear the $1,16,000 threshold. Bullish momentum still elusive Ethereum, the second-largest digital asset by market cap, followed suit, changing hands at $4,522. Ether has struggled to regain bullish momentum since its recent spike to $4,609 and is now trading in a narrow band with tepid demand from larger holders. Despite a record high in stablecoin activity on its chain last week, ETH appears tethered to macro narratives, quietly mirroring Bitcoin’s cautious trajectory. XRP, meanwhile, steadied at $2.99 after pulling back from recent local highs. Recent treasury movements from notable digital asset management firms have steadied sentiment but haven’t sparked breakout momentum, as regulatory debates around the token continue to play out in key jurisdictions. Solana is also in the spotlight, with its price down slightly to $233.67 following last week’s rally. The token, known for its fast and low-cost transaction capabilities, has seen volatility creep back in, as short-term traders wade in to capture swings on the back of the broader market’s uncertainty. Technical analysts note the next major support levels sit close to $220, underscoring the need for positive catalysts to maintain current valuations. Dogecoin, always the wildcard, is trading at $0.2677 after a 24-hour spell that saw the meme coin flirt with both $0.26 support and $0.28 resistance. While DOGE’s narrative is often ruled by social media and celebrity hype, the current environment has left even seasoned “shibes” trading cautiously, awaiting clearer signals from both the Fed and broader risk markets. With key resistance levels drawing closer across major coins, market eyes will remain glued to the outcome of the Fed meeting. Until then, expect crypto prices to oscillate around their current bands, with Bitcoin eyeing that crucial $1,16,000 break as the catalyst for renewed bullish conviction or yet another test of market resolve. New launches fuel crypto buzz Several major crypto launches and ecosystem upgrades are about to shake up the market, promising to unleash a new spark of trading action. On Tuesday, all eyes are on Velora (VLR) and Project Merlin (MRLN) as they make their much-anticipated debuts. Velora’s launch signals a push into the next generation of DeFi, with its $VLR token powering intent-based cross-chain trading and unlocking gasless staking and community rewards. Meanwhile, Project Merlin steps onto the scene offering an all-in-one Web3 ecosystem that connects blockchain entrepreneurs, communities, and investors, complete with a robust launchpad, crowdfunding, and freelance ecosystem, all tied together by the $MRLN token and launching with airdrops across major exchanges. These releases are more than just hype; they reflect how the industry is charging ahead with technical innovation and shifting toward tailored, ecosystem-first infrastructure. But it’s not just token launches grabbing investor attention. On the regulatory front, Hong Kong just locked in fresh banking capital guidelines for digital assets, set to take effect in January 2026. The big shift? Banks are facing a 1:1 capital provision for any exposure to “permissionless” blockchains. The move is expected to bolster confidence for institutional players looking for a safer entry into crypto markets. Added to that, Ripple is making headlines via a new partnership in Japan that brings its RLUSD stablecoin further into the nation’s payments rails, underscoring digital assets’ climb toward mainstream financial integration.
Two whales have withdrawn 98.24 million MERL, worth approximately $14.9 million, from exchanges over the past 6 days.
Foresight News reported, according to monitoring by Lookonchain, in the past 6 days, two whale addresses (starting with 0x7Dac and 0xB5eE) have withdrawn 98.24 million MERL from exchanges, worth approximately $14.9 million.
SWIFT executive defends banks' role in the blockchain era
Banks seek their own governance rather than external blockchains SWIFT sees public blockchains as an execution layer only. Cryptocurrencies spark debates on neutrality and institutional trust SWIFT's Chief Innovation Officer, Tom Zschach, stated that traditional banks are unlikely to fully transfer transaction settlement to external blockchains or distributed systems. According to him, open source code and the transparency of public networks alone do not guarantee the trust required by financial institutions. For the executive, governance, compliance, and legal enforceability must be under the internal control of the entities themselves. Zschach emphasized that while distributed ledgers offer programmability, financial institutions don't want to "live on a competitor's tracks." He classified public blockchains, such as Bitcoin and Ethereum, as a "substrate," a useful technological foundation, but insufficient to meet the requirements of trusted settlement in the banking sector. "Public blockchains are the baseline environment for execution. The transformation occurs when you add the layer of trust that makes the results legally enforceable, compliant, and safe to scale," the executive wrote in a LinkedIn post. According to Zschach, the next stage of integration will not be crypto networks replacing the financial system, but rather the financial sector absorbing the best of public blockchains on its own terms. The SWIFT executive also refuted the idea that tokens like XRP would be the ideal option for banks simply because they survive regulatory processes. In a comment that was later removed, he stated that "surviving lawsuits is not resilience," reinforcing that institutional trust depends on neutral and shared governance, not on a single company. He added that neutrality in finance isn't defined by the number of nodes or simply being open source. He believes billion-dollar disputes can't be resolved by validators alone, but rather by solid legal frameworks, noting that SWIFT acts as a neutral intermediary between more than 11.000 global institutions. Cryptocurrency entrepreneurs, however, disagreed. Evgeny Yurtaev, CEO of Zerion, argued that true neutrality comes from open protocols that ensure fairness through code. Similarly, Merlin Egalite, co-founder of Morpho, argued that DeFi infrastructure should have immutable code, minimal governance, and no bias, unlike the model adopted by SWIFT. The discussion reinforces the gap between the vision of traditional finance and the proposal of cryptocurrencies, where decentralization is seen as the way to ensure equity and resilience. Tags: SWIFT
CIMG Inc. Completes $55M Bitcoin Purchase via Share Sale
Key Takeaways: CIMG Inc. completes $55M Bitcoin acquisition. 500 BTC purchased through share sale, strategic focus noted. Stock sees slight decline, long-term holding plans emphasized. CIMG Inc. Completes $55M Bitcoin Purchase via Share Sale CIMG Inc. completed a $55 million Bitcoin acquisition through a share sale, purchasing 500 BTC to enhance its digital asset reserve strategy. This purchase signals a growing trend among companies adopting Bitcoin as a treasury asset, influencing market dynamics and showcasing institutional interest in digital currencies. CIMG Inc. finalized a $55 million Bitcoin purchase by issuing 220 million shares priced at $0.25 each. This acquisition aligns with their long-term digital asset strategy, acquiring 500 BTC to strengthen their position in the crypto market. Company leadership, including CEO Wang Jianshuang and the corporate board, endorsed the move. CIMG positions itself within blockchain and AI sectors. They emphasize expanding digital asset holdings, collaborating with entities like Merlin Chain . This transaction shows CIMG’s commitment to increasing its crypto reserves. The strategy impacts investor perspectives as part of broader blockchain interest. CIMG’s stock fell 3.53%, marking a market response to their announcement. Financial implications include diversification into crypto assets, echoing corporate treasury trends seen with firms like MicroStrategy. Market dynamics reflect shifting interest toward Bitcoin-based assets within corporate finance sectors. Potentially influential, CIMG’s strategy could prompt similar actions among firms. The approach may affect crypto asset valuations, instigating broader market actions. Compounded by sector pressures, long-term effects remain to be seen. The move aligns with historical Bitcoin treasury expansions by other corporations. Industry trends evidence increasing crypto adaptation within financial ecosystems, suggesting possible regulatory focus shifts, especially regarding corporate digital asset management strategies. “The Company intends to continue to increase its digital asset reserves and pursue collaborations across AI and crypto ecosystems, such as Merlin Chain.” – Wang Jianshuang, Chairman & CEO, CIMG Inc.
AI-powered governance protocol Quack AI raises $3.6 million in funding with participation from Animoca Brands and others
Foresight News reports that the AI-driven governance protocol Quack AI has completed a $3.6 million funding round, with participation from Animoca Brands, 071labs, Skyland Ventures, Kenetic, Scaling Labs, Carv, and Merlin Chain, among others. Quack AI utilizes autonomous AI agents to read, analyze, and execute DAO proposals across multiple blockchains.
Quack AI secures $3.6 million in funding from Animoca Brands, Kenetic Capital, and other institutions to advance AI governance infrastructure
ChainCatcher reports that Quack AI has successfully completed a $3.6 million funding round, with notable investors including Animoca Brands, Kenetic Capital, Skyland Ventures, 071Labs, Scaling Labs, CARV Labs, and Merlin Chain. This funding will accelerate Quack AI’s efforts to build a comprehensive AI governance infrastructure, further advancing decentralized decision-making within the Web3 ecosystem. Quack AI is a modular governance layer capable of automating proposal generation, risk scoring, voting, and execution, making it widely applicable for cross-chain governance and providing AI-driven governance solutions for blockchain projects. To date, Quack AI has partnered with several public chains such as BNB Chain, Linea, Metis, and Taiko, with over 40 projects adopting its AI governance solutions. More than 660,000 users have minted the Quack AI Passport, driving the practical implementation and adoption of its AI governance solutions.
Merlin Chain Launches Merlin 2.0 - “Hold, Earn, Invest” Redefining BTC
Odaily Planet Daily reports that Merlin Chain has unveiled the new Merlin 2.0, introducing the development direction of "Reinvent Bitcoin: Hold, Earn, Invest," aiming to expand Bitcoin from a "store of value" to a "yield-generating, deployable core asset." Merlin 2.0 focuses on three main areas: BTCFi expansion, chain abstraction technology, and AI applications (such as Merlin Wizard), further enhancing BTC's liquidity and utility within the multi-chain ecosystem. At the same time, it lowers the threshold for BTC usage, allowing users to participate in various cross-chain investment opportunities without converting to other assets, making it easy to hold BTC, earn yields, and engage in liquidity activities. According to previous reports, since the mainnet launch in February 2024, Merlin Chain has driven the rise of BTCFi, giving birth to several representative projects including Solv, Bedrock, Avalon, and Babylon, with on-chain BTC staking once exceeding $3.8 billion. Currently, the Merlin ecosystem contributes approximately $2 billion in BTCFi TVL, accounting for over 20% of the total.
Merlin Chain launches BTC staking feature with annual yields up to 21%
Odaily Planet Daily reports that Bitcoin Layer2 network Merlin Chain has officially launched its BTC staking feature, allowing users to participate in the PoS mechanism with BTC, with current annualized returns reaching up to 21%. The first phase of the staking vault is now open, with a capacity limit of 50 BTC. Reward settlement is expected to take place in early October 2025, and the capacity will be gradually expanded based on market demand. This update marks Merlin Chain's official entry into the Bitcoin PoS phase, enabling users to participate in network security and earn rewards with BTC without off-chain operations. Merlin Chain founder Jeff stated that the team will continue to promote the standardization of the BTC staking mechanism in the future, build a cross-chain BTC liquidity network, and provide composable and yield-generating infrastructure support for BTC. Previously, Merlin Chain's Layer2 mapped asset M-BTC was deployed on more than 20 major blockchains, including Ethereum, Solana, Kaito, and Sui, with active TVL exceeding $4 billion. On the ecosystem front, Merlin Chain has partnered with several BTCFi projects such as Babylon and Zerolend to advance scenarios like staking, lending, and restaking, and has provided early support to long-term BTCFi participants including Solv Protocol and Avalon Labs.
Merlin Chain Staking Offers Astounding 45% APR Fixed Term
Exciting news for cryptocurrency enthusiasts and holders of the MERL token! Merlin Chain , a prominent Bitcoin Layer 2 protocol, has just announced a significant development set to capture the attention of those seeking yield in the digital asset space. The protocol is launching a new fixed-term Merlin Chain Staking program, offering a highly competitive annual percentage rate (APR) for participants. What is Merlin Chain and Why Does Staking Matter? Before diving into the specifics of the new program, it’s essential to understand what Merlin Chain is. It operates as a Bitcoin Layer 2 solution, aiming to enhance the scalability, efficiency, and functionality of the Bitcoin network. By building on top of Bitcoin, Merlin Chain seeks to unlock new possibilities for decentralized applications (dApps), DeFi protocols, and more, leveraging Bitcoin’s robust security while offering faster and cheaper transactions. Crypto Staking is a fundamental mechanism in many blockchain networks, allowing participants to lock up their tokens to support network operations, such as validating transactions or securing the chain. In return for their participation and commitment, stakers receive rewards, typically in the form of additional tokens. For users, staking represents a way to earn passive income on their digital assets, contributing to the network’s health while potentially growing their holdings. Merlin Chain’s introduction of a formal staking program for its native MERL token is a natural step in fostering ecosystem participation and providing utility for token holders. It aligns MERL holders’ incentives with the long-term success and stability of the Merlin Chain network. Details of the MERL Staking Program: A Look at the 45% APR The core of Merlin Chain’s announcement revolves around the specifics of the upcoming MERL Staking program. Here’s what has been revealed so far: Token Involved: The staking program utilizes the native MERL token. Staking Type: It’s a fixed-term staking program, meaning tokens are locked for a specific duration. Lock-up Period: The announced lock-up period is six months. This requires participants to commit their MERL tokens for half a year to earn the advertised rate. Advertised APR: The headline figure is a remarkable 45% APR. This represents the potential annual return on the staked MERL tokens, calculated before compounding effects or fluctuations in the token’s price. Rewards Claimability: A user-friendly feature mentioned is that rewards will be claimable at any time, even though the principal is locked for the six-month term. This provides participants with flexibility regarding their earned yield. A 45% APR in the current crypto landscape is notably high and is likely designed to incentivize significant participation and lock up a substantial amount of MERL tokens, thereby reducing circulating supply and potentially adding price support. Why Choose Fixed-Term MERL Staking? Benefits and Considerations Fixed-term staking, like the one offered by Merlin Chain, comes with its own set of advantages and disadvantages compared to flexible staking options. Benefits for Stakers: Potentially Higher Yield: Fixed terms often offer higher APRs than flexible options as a reward for the commitment and reduced liquidity. The 45% APR offered here is a prime example. Predictable Income Stream (in tokens): While the USD value fluctuates with the MERL price, the rate at which you earn MERL tokens is fixed for the period, offering predictability in token accumulation. Encourages Long-Term Holding: The lock-up period can help stakers resist the urge to sell during short-term market volatility, aligning their strategy with the protocol’s long-term vision. Supporting the Network: By staking, users contribute to the stability and health of the Merlin Chain network. Considerations (Challenges/Risks): Illiquidity: The most significant factor is the six-month lock-up. Staked MERL cannot be accessed or traded during this period, regardless of market movements or personal financial needs. Market Price Risk: While you earn a high APR in MERL tokens, the USD value of your stake and rewards is entirely dependent on the market price of MERL. If the price drops significantly over the six months, the value of your total holdings (principal + rewards) might be less than your initial investment, even with the high yield. Smart Contract Risk: As with any DeFi protocol, there’s a risk associated with the smart contracts governing the staking program. Although audits are common, vulnerabilities can potentially lead to loss of funds. Protocol Risk: The success and sustainability of the 45% APR depend on the overall health and growth of the Merlin Chain ecosystem. How Does This Staking Program Impact the Bitcoin Layer 2 Landscape? The introduction of attractive Merlin Chain Staking with a high yield like 45% APR could draw significant attention and capital to the Merlin Chain ecosystem. For the broader Bitcoin Layer 2 space, this highlights the increasing sophistication and yield-generating opportunities emerging on these scaling solutions. It signals Merlin Chain’s commitment to building a vibrant economy around its token and protocol. By offering competitive staking rewards, they aim to attract users, secure the network (if staking is tied to consensus or validation), and create demand for the MERL token. This move also puts pressure on other Layer 2 protocols to offer compelling incentives for token holders, potentially leading to increased innovation and competition in the space, ultimately benefiting users looking for yield opportunities. Is a 45% APR Sustainable? Actionable Insights for Potential Stakers When encountering a high APR like 45% APR, it’s natural to question its sustainability. Such high yields are often funded through various mechanisms, including: Token emissions (minting new MERL tokens as rewards). Protocol revenue (if applicable). Incentive programs designed for bootstrapping liquidity and participation. If the yield is primarily funded through token emissions, it’s important to consider the potential inflationary pressure this might put on the MERL token price, especially after the fixed staking period ends and staked tokens are unlocked. Actionable Insights: Do Your Own Research (DYOR): Before committing funds, thoroughly research Merlin Chain, the MERL token, the specifics of the staking contract, and the team behind it. Understand the Risks: Be fully aware of the illiquidity risk for six months and the price volatility risk of MERL. Only stake funds you can afford to have locked and potentially see decrease in USD value. Evaluate the Source of Yield: Try to understand how the 45% APR is generated. Is it sustainable long-term, or is it primarily a short-term incentive? Assess Your Goals: Does a six-month fixed term align with your investment strategy and liquidity needs? Start Small (Optional): If you’re unsure, consider staking a smaller amount first to understand the process and monitor the program’s performance. Conclusion: Weighing the High Yield Opportunity Merlin Chain’s announcement of a fixed six-month MERL Staking program with a potential 45% APR presents an enticing opportunity for those looking to earn significant yield on their crypto assets within the Bitcoin Layer 2 ecosystem. The high rate is designed to attract users and strengthen the protocol by locking up tokens. However, potential participants must carefully weigh the attractive yield against the inherent risks, particularly the six-month illiquidity period and the price volatility of the MERL token. While the promise of earning a 45% APR is compelling, a prudent approach involves thorough research and a clear understanding of the terms and risks involved in any Crypto Staking venture. As the program rolls out, the crypto community will be watching to see the level of participation and its impact on the Merlin Chain ecosystem and the MERL token. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action . Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
How PancakeSwap Is Thriving in DeFi While CAKE Struggles to Keep Up
While PancakeSwap leads in the DeFi market, CAKE’s price has yet to catch up with the platform’s momentum. With current technical advancements and strategies, PancakeSwap has the potential to continue growing, but the road ahead remains fraught with challenges. PancakeSwap’s Rise in the DeFi Market PancakeSwap, one of the decentralized exchanges (DEX) on BNB Chain, is solidifying its strong position in decentralized finance (DeFi). According to the latest data from Dune Analytics, PancakeSwap led in trading volume market share over the past seven days, with an impressive 66.9%. PancakeSwap’s monthly volume. Source: DefiLlama Not stopping there, DefiLlama reports that the exchange recorded a monthly trading volume of up to $149 billion. This figure surpasses its major competitor on Ethereum, Uniswap, which recorded $86 billion. Moreover, PancakeSwap’s fees have reached over $120 million over the past 30 days. This has placed the platform in the top 3 and even surpassed Pump.fun, a prominent name in the DeFi space. PancakeSwap’s fees. Source: DefiLlama This remarkable growth can be attributed to recent technical improvements made by PancakeSwap. A post on X from PancakeSwap’s official account on May 22 stated that the team optimized its data acquisition mechanism using an internal indexer. This addressed the issue of delayed TVL (Total Value Locked) data from external providers, which lasted over two weeks and affected optimal trade routing on Binance Wallet Swap. After implementing this solution, PancakeSwap restored optimal routing functionality and collaborated with external providers to build a stronger platform, preventing similar issues in the future. These technical enhancements improved performance but also strengthened user confidence in the platform. Additionally, the launch of the Infinity upgrade (formerly PancakeSwap v4) in late April 2025 significantly contributed to its current success. This upgrade introduced capital-efficient liquidity pools, hooks, and customizable fees, creating more favorable conditions for liquidity providers on BNB Chain. These factors have helped PancakeSwap attract many users and transactions, particularly with the MERL token of Merlin Chain, which recorded a trading volume of over $409 million in just 24 hours, according to CoinGecko. Trading volume on PancakeSwap accounts for 59%. Merlin Chain’s trading volume. Source: CoinGecko CAKE Price: A Journey Contrasting with the Platform’s Achievements Despite PancakeSwap’s remarkable achievements, the price of its native token, CAKE, paints a less interesting picture. According to CoinGecko data, CAKE’s price dropped 9% in the past 24 hours, while only rising slightly by 1.6% over the last 7 days. CAKE’s price. Source: BeInCrypto Currently, CAKE is trading at $2.53, down 93.9% from its all-time high. Although CAKE’s market capitalization still ranks 114th on CoinGecko, this price decline has left many investors questioning the token’s long-term potential. However, some traders remain confident in CAKE’s long-term potential. Trader huahuayjy commented, “As long as Binance Alpha continues to thrive, cake will be discovered for its value, and all the transaction fees from Alpha’s volume will see cake take 30%. Cake will soon become the most profitable protocol,” a trader commented.
Merlin Chain maintenance completed
according to the official X account of Merlin Chain, Merlin Chain has completed maintenance and is back online. Previously, Merlin Chain underwent maintenance in preparation for the upcoming major update (Fork 12). Merlin Chain is a second-layer blockchain solution, and this maintenance and the launch of new trading pairs will further enhance the liquidity and functionality of its ecosystem.
Merlin Chain Expands Bitcoin Yield Opportunities in Partnership with Hemi Network
Merlin Chain, a popular L2 solution for the Bitcoin ecosystem, has announced an exclusive collaboration with Hemi Network, the layer-2 chain merging the strengths of Ethereum and Bitcoin. The partnership focuses on improving the yield opportunities and liquidity within the Bitcoin ecosystem. The platform disclosed this mutual endeavor in a recent X thread. 🚀 Merlin Chain x @hemi_xyz 🚀 We're thrilled to announce a strategic collaboration between Hemi and @MerlinLayer2 to bring M-BTC to the Hemi Network! 💧By bringing M-BTC to Hemi, we’re unlocking expanded yield and liquidity opportunities for Bitcoin holders on both networks.… pic.twitter.com/benP0wv3vE — Merlin Chain (@MerlinLayer2) March 23, 2025 Merlin Chain Joins Forces with Hemi Network to Expand Yield and Liquidity for Bitcoin According to Merlin Chain, the partnership with Hemi Network takes into account the development of relatively interlinked blockchain ecosystem. In this respect, the partnership leverages the efficiencies of the Ethereum and Bitcoin ecosystems. Additionally, M-BTC’s introduction to the Hemi Network serves as a crucial move in enhancing Bitcoin’s utility and functionality within the DeFi sector. The integration between Merlin Chain and Hemi Network permits the $BTC holders to reach the comprehensive yield opportunities throughout the Hemi and Merlin Chain platforms. Hence, the collaboration efficiently expands the financial prospects of the Bitcoin holders while guaranteeing wider market liquidity and depth. M-BTC, after its deployment on the Hemi Network, will operate as a bridge connecting Bitcoin as well as he wider DeFi world. This will strengthen the consumers by offering a relatively accessible and flexible way to use $BTC holdings. Simultaneously, they can also benefit from the improved efficiency and scalability that the L2 solutions provide. The Hemi Network is supported by well-known players, such as Big Brain VC, Breyer Capital, and Binance Labs. It facilitates greater interoperability, security, and scalability between Ethereum and Bitcoin. It also unlocks unique levels of financial potential, probability, and programmability for blockchain consumers. The integration will let consumers seamlessly shift assets between diverse networks while using the cutting-edge financial tools for improved liquidity and yield. Delivering Unparalleled Scalability and Interconnectivity within Financial Landscape As per Merlin Chain, its partnership with Hemi Network denotes an important landmark in raising the role of Bitcoin within the DeFi world. Both the firms intend to deliver $BTC holders with more financial opportunities along with enabling unparalleled interactions between Ethereum and Bitcoin. As a result of this, the users can anticipate more cross-chain compatibility in the evolving blockchain sector. Overall, this partnership is an important contribution to establishing a relatively scalable, interconnected, and resilient financial landscape.
Merlin Chain launches AI assistant Merlin Wizard 0.1, focusing on natural language interaction and real-time user assistance
Odaily Planet Daily reports that Bitcoin Layer2 Merlin Chain has officially launched the AI assistant, Merlin Wizard 0.1 version. This integrates a comprehensive knowledge base of Merlin Chain's basic introduction, on-chain operations, ecological layout, developer guides and more. It aims to provide users with 7x24 support through natural language dialogue and knowledge base retrieval, further reducing the threshold for participation in the Bitcoin Layer2 ecosystem. It is reported that Merlin Chain aims to protect AI models and on-chain data availability by leveraging Bitcoin's decentralized characteristics through Merlin Wizard. Future versions of Merlin Wizard will continue to promote interaction between modules such as AI Agent, MCP protocol, smart contracts and on-chain data; gradually opening up functions like automated asset management driven by AI and cross-chain operations. As iterations of Merlin Wizard continue, Merlin Chain will further explore deep integration between the Bitcoin ecosystem and AI Agents; promoting large-scale adoption within the BTC ecosystem.
Merlin Chain Partners With BNB Chain to Boost Cross-Chain Liquidity
Merlin Chain partners with BNB Chain to introduce a cross-chain bridge, enhancing token mobility and liquidity incentives for seamless integration. BNB Chain prepares for the Pascal hard fork, boosting EVM compatibility, gasless transactions, and near-instant finality to support DeFi and AI applications. Merlin Chain has announced a cooperation with BNB Chain, which will have a significant impact on the crypto ecosystem. Through the Merlin Chain Foundation, the cooperation seeks to create a cross-chain bridge enabling more effective token transfers and offers further incentives to boost liquidity. This move is part of a greater plan to create communication among blockchain networks, not only a technological one. Merlin Chain is officially teaming up with the BNB Chain network! 🔗 You can now securely bridge $MERL and $MBTC straight from Merlin Chain to the @BNBCHAIN Mainnet. 🌉Plus, the @MerlinLayer2 Foundation will provide additional incentives to bootstrap liquidity. Get ready for… pic.twitter.com/dPrkaK0YHZ — Merlin Chain (@MerlinLayer2) March 18, 2025 Enhancing Connectivity: Merlin Chain’s New Bridge and Incentives Users of the cross-chain bridge can now effortlessly bridge MERL and MBTC tokens from Merlin Chain to BNB Chain. This implies that formerly limited resources from one ecosystem can now be exploited more creatively over a larger network. In the sector of DeFi, market expansion is more likely the more freely movable assets are present. Merlin Chain also offers further incentives to inspire users to generate liquidity. The project seeks to guarantee that users maximize the integration and that the change between the networks is seamless with financing from the Merlin Chain Foundation. New Passive Income Paths for Bitcoin Investors Merlin Chain has been presenting a staking platform since June 2024 whereby Bitcoin investors may profit via more creative DeFi prospects. Many investors who until solely saw Bitcoin as a store of value have drawn interest in this program. Now, thanks to this cooperation, consumers will probably have even more choices to maximize their holding in the BNB Chain ecosystem. Imagine if someone who has been holding Bitcoin for a long time suddenly got a new approach to generate passive income free from selling their holdings. Such a possibility is now a reality because of the combination of Merlin Chain staking and the always-expanding BNB Chain ecosystem. BNB Chain Prepares for Pascal Hard Fork and Future Upgrades Apart from offering a cross-chain link, this cooperation helps BNB Chain be ready to introduce the Pascal hard fork on March 20, 2025. According to CNF , along with better user experience and gasless transactions, this version will increase compatibility with the EVM. Moreover, in April, BNB Chain will speed up block timings; in June, the network will include near-instant transaction finality. The expanding DeFi and AI uses in the ecosystem would much benefit from these advances. Against this background, the link between Merlin Chain and BNB Chain is not only a minor addition but also part of a bigger endeavor to raise blockchain efficiency and user experience. Fighting Blockchain Threats with BNB Good Will Alliance Threats also rise as innovation keeps developing. In order to combat this, BNB Chain started the BNB Good Will Alliance, an effort meant to lower harmful activity connected to Maximum Extractable Value (MEV), including frequent sandwich attacks on many blockchain networks. As of press time, MERL is swapped hands at about $0.1295, up 5.59% over the last 24 hours. Meanwhile, BNB is trading at about $617.43, down 2.94% in the same period.
Merlin Chain PoS Prestage Staking Surpasses 100M $MERL
According to official sources, Merlin Chain’s PoS Prestage staking has exceeded 100 million $MERL, reflecting strong community participation and support for the project. 📌 PoS Staking Details: Users can stake $MERL through the official platform to earn rewards. The earlier the stake, the longer the reward accumulation period. For more details, visit the official staking page: merlinchain.io/stake.
AI agents set to enhance Bitcoin through Merlin Chain and ElizaOS
Merlin Chain has announced a strategic partnership with ElizaOS to integrate AI agents into its Bitcoin (CRYPTO:BTC) layer 2 network. This collaboration aims to enable the deployment of AI agents capable of facilitating cross-chain activities, enhancing asset discovery, and streamlining transactions. According to the announcement, developers will utilise ElizaOS’s multi-agent simulation technology to create more effective AI agents on the Merlin Chain. These AI agents will be able to issue bitcoin-native assets and initiate transactions seamlessly across both the Merlin and Bitcoin networks. The integration is expected to leverage Merlin Chain’s open-source architecture and deep liquidity, fostering innovation within the Bitcoin finance ecosystem. Over the past ten months, Merlin Chain has reportedly facilitated over $24 billion in cross-chain bitcoin assets while maintaining a total liquidity pool of $46.5 million across various decentralised exchanges. A recent report by Franklin Templeton highlights the potential of AI agents to significantly impact the crypto ecosystem due to their combination of technical innovation and market influence. The findings suggest that AI agents could play a vital role in transforming how transactions are executed in the cryptocurrency space. ElizaOS's framework allows developers to create multifunctional AI agents that can automatically perform transactions, governance tasks, and analysis within decentralised networks. Shaw, the founder of Eliza, emphasised that the focus is not solely on autonomy but on establishing social agents as a new application layer. “If we have agents sending links to verify credit cards and addresses, we can complete the entire order process on Twitter,” he stated. At the time of reporting, the Bitcoin (BTC) price was $100,984.
Merlin Chain integrates ElizaOS to build Bitcoin AI Agent ecosystem
On January 16th, Merlin Chain, a Bitcoin layer 2 network, announced a strategic partnership with the AI Agent project ElizaOS. Through this partnership, developers can use ElizaOS's multi-agent simulation technology and RAG (Retrieval-Augmented Generation) system to deploy AI Agents with conversation memory capabilities on Merlin Chain, enabling more efficient cross-chain transactions and asset discovery functions. Merlin Chain has facilitated over $24 billion in Bitcoin asset cross-chain transactions in the past 10 months, accumulated liquidity pools of $46.5 million in fields such as BRC20, Runes, and NFTs, and attracted over 2.4 million wallet addresses worldwide.
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