FM Terminal · Financial Move
Merlin Chain logoBybit · spot · perp

Merlin Chain (MERL)

FM on-chain score
-46bearish
proprietary read · up to 24h delayedlive score in the terminal →
  • buzz social otimista (85/100)
  • 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
$0.02941
24h
-2.71%
Market cap
$52.24M
24h turnover (Bybit)
$1.40M

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.
+11.65%
Taker buy pressure
47.8%
CVD (cum. delta)
−$4.07M
Open interest
$13.27M
OI Δ 24h
-2.14%
OI / market cap
25.4%
Net flow 24h
−$579,898

Funding by exchange

Annual
  • Bitunix+5.47%
  • Binance+10.95%
  • OKX+10.95%
  • Bybit+10.95%
  • KuCoin+10.95%
  • MEXC+10.95%

Open interest by exchange

share
  • MEXC$3.39M 25.6%
  • Binance$2.11M 15.9%
  • Bitget$1.73M 13.1%
  • OKX$1.42M 10.7%
  • Bybit$1.32M 9.9%

Social radar

LunarCrush · up to 24h delayed
Galaxy Score
50.5
AltRank
#517
Mood
85/100
Mentions 24h
52
Interactions 24h
23,529
Spam
25%
+36.5% mentions 24h 7d+1650.3% interactions 24h 7d+13.3 mood 7d

Token unlocks

data up to 24h delayed
Locked
33.4%
FDV
$61.43M
Next unlock
Oct 19, 2026
Impact on float
+1.82%