Merlin Chain (MERL) Listing on BTSE

Merlin Chain, a Bitcoin Layer 2 solution leveraging ZK-Rollups, will launch its native token $MERL on BTSE with the MERL/USDT pair. Deposits open on April 24 at 4 PM (UTC+8), with trading starting the next day at the same time. This listing aims to boost $MERL’s liquidity and visibility, potentially attracting new investors and developers to Merlin’s scalable, secure ecosystem (BTSE Official X Post, 2025-04-23).

Recent News

Merlin Chain has been gaining traction in 2025. In February, the project showcased its tech at TOKEN2049, drawing attention from investors and developers for its focus on Bitcoin-native dApps (merlinchain.io). The team also reported a 50% increase in Total Value Locked (TVL) since January, signaling growing adoption in the DeFi space (CoinMarketCap, 2025).

Future Plans

Looking ahead, Merlin Chain aims to expand its ecosystem with new dApps and integrations by Q3 2025. The roadmap includes launching Merlin L3, where $MERL will be used for transaction fees, further enhancing utility. The project also plans to incentivize developers with grants to build on its network, fostering innovation (merlinchain.io).

Onchain Data

As of early April 2025, Merlin Chain’s 24-hour trading volume hit $13.7M, reflecting strong market interest. However, specific staking metrics for $MERL are not yet publicly available via platforms like Glassnode or Dune Analytics (CoinMarketCap, 2025).

Community Sentiment

X is buzzing with excitement for this listing! Users are optimistic about $MERL’s potential, with some predicting a price surge due to increased exposure. However, sentiment remains mixed, as technical indicators show a bearish outlook, with the Fear & Greed Index at 49 (Neutral) (CoinCodex, 2025).

Market Insights

Layer 2 solutions like Merlin Chain are critical as Bitcoin faces scalability challenges. With competitors like Polygon and Arbitrum dominating Ethereum’s L2 space, Merlin’s focus on Bitcoin could carve out a unique niche, especially for DeFi and NFT projects.

Risk Disclaimer

New listings can lead to price volatility. Investors should research thoroughly and avoid FOMO-driven decisions.