#688Bybit · spot · perp

Merlin Chain (MERL)

FM on-chain score

-27bearish

proprietary read · up to 24h delayedlive score in the terminal →

buzz social otimista (100/100)
74% long (multidão muito comprada)

A synthesis of derivatives, on-chain flow, smart money and social into one number from −100 to +100. Not financial advice — see the methodology.

Market

Daily snapshot · data up to 24h delayed

Price

$0.01928

24h

+12.75%

24h turnover (Bybit)

$1.90M

Trade MERL/USDT · perpétuo on Bybit →

Fundamental analysis

on the Financial Move blog · in Portuguese

Merlin Chain (MERL): Vale a Pena? Análise

Merlin Chain (MERL) é uma das principais Layer 2 do Bitcoin, construída pela Bitmap Tech e posicionada no epicentro do movimento BTCFi — o esforço de trazer DeFi, NFTs e smart contracts para o Bitcoin. Lançada em fevereiro de 2024, rapidamente emergiu como a maior Bitcoin L2 por TVL (chegou a US$ 3,6B, atualmente ~US$…

Tasso Lagoupdated May 01, 2026Read the full analysis →

Derivatives

data up to 24h delayed

Funding APR · 14 exch.

+29.72%

Taker buy pressure

43.0%

CVD (cum. delta)

−$917,271.347

Open interest

$11.58M

OI Δ 24h

+25.85%

Net flow 24h

+$17,723

Funding by exchange

Annual

Bitunix+5.47%
Binance+10.95%
OKX+10.95%
KuCoin+10.95%
MEXC+10.95%
Gate+10.95%

Open interest by exchange

Binance$1.85M 16.0%
BingX$1.82M 15.7%
MEXC$1.61M 13.9%
Bitget$1.43M 12.4%
OKX$1.22M 10.5%

Social radar

LunarCrush · up to 24h delayed

Galaxy Score

85.6

AltRank

#273

Mood

100/100

Mentions 24h

Interactions 24h

4,730

Spam

27.8%

-53.8% mentions 24h 7d-75.9% interactions 24h 7d+8.1 mood 7d

Token unlocks

data up to 24h delayed

Locked

37%

FDV

$41.44M

Next unlock

Aug 19, 2026

Impact on float

+2.82%