MERL Price today

Merlin Chain serves as a Layer 2 solution for Bitcoin, incorporating essential components like ZK-Rollup networks, decentralized oracle networks, and fraud proofs within the Bitcoin chain. Its primary objective is to empower the native assets, protocols, and application ecosystem of Bitcoin Layer 1, facilitating ongoing innovation and maximizing asset potential on Layer 2 networks.

Merlin Chainis a subsidiary product line of Bitmap Tech, a premier OG team boasting an overall market cap exceeding $500 million. Merlin Chain has garnered attention and secured support from leading cryptocurrency investment funds such as Kucoin, OKX Ventures, ABCED, and many others.

The project stands out with its key features:

• Low fees and high scalability: Merlin Chain offers low fees and high scalability, just like an Ethereum Virtual Machine (EVM) compatible chain, ensuring fast transaction processing and enhanced liquidity.
• Bitcoin Support: Merlin Chain integrates Bitcoin protocols such as BRC-20, BRC-420, Bitmap, Atomicals, Pipe, and Stamp.
• ZK-Rollups Implementation: Merlin Chain employs ZK-Rollups to enhance performance and scalability. Merlin Chain utilizes nodes to manage data transmission through a decentralized oracle network, ensuring transparency and security for the project.

MERL is a native coin of the Merlin Chain ecosystem, operating on Merlin Chain and can be used to:

• Stake MERL to contribute to the overall security of Merlin Chain.
• Merlin L3 has the option to use MERL to pay transaction fees.
• MERL token can be used in the Merlin ecosystem to serve as native liquidity and collateral.

Specifications

• Name: Merlin Chain
• Symbol: MERL
• Platform: Merlin Chain
• Type: Utility, Governance
• Smart Contract Address: 0x5c46bFF4B38dc1EAE09C5BAc65872a1D8bc87378
• Total supply: 2,100,000,000 MERL