| General information | |
|---|---|
| Global rank: | 160 |
| Name: |
Merlin Chain |
| Symbol: | MERL |
| Current coin price (PHP): | 9.93 ₱ |
| Last hour: | arrow_downward-2.27 % |
| Last 24 hours: | arrow_downward-20.98 % |
| Last 7 days: | -33.85 %trending_down |
| Capitalisation (PHP): | 11 169 584 479.40 ₱ |
| Volume 24h (PHP): | 2 614 522 075.98 ₱ |
| Available supply: | 1 124 996 258.00 MERL |
| Total coin supply: | -1 MERL |
| Start date: | 2024-02-02 |
Merlin Chain/Philippine Peso (MERL/PHP) price chart
Merlin Chain/Philippine Peso (MERL/PHP) capitalisation and volume charts
Merlin Chain (MERL) is a Bitcoin Layer 2 network that incorporates technologies such as ZK-Rollup, decentralised oracle networks, Data Availability, and on-chain BTC fraud proof mechanisms. Its main goal is to improve the capabilities of Bitcoin's native assets, protocols, and products through its Layer 2 network.
Merlin Chain is used to extend Bitcoin's functionality into Layer 2, supporting various Bitcoin Layer 1 assets and enabling the development of decentralised applications (dApps) with a focus on maintaining the decentralised ethos of Bitcoin. It serves as an EVM-compatible chain for Bitcoin, aimed at unlocking new potential for Bitcoin and Ordinals through enhanced security and practical application in a robust network environment.