TL;DR
- High-Leverage Catalyst: Binance’s launch of MERL perpetual contracts, offering up to 50x leverage, has reignited interest in Merlin Chain.
- Strong Market Performance: MERL is trading around $0.1269 per token with a nearly 7% increase in the last 24 hours, bolstered by a market cap of $92 million and robust trading volume.
- Bullish Future Outlook: Analysts anticipate that the renewed trading momentum and deeper market integration could push Merlin Chain to new price levels.
Merlin Chain (MERL), a cutting-edge Bitcoin layer-2 solution, is gaining new momentum after Binance recently introduced MERL perpetual contracts. This new futures product allows traders to utilize up to 50x leverage, sparking renewed interest in the token and significantly increasing its trading volume.
Binance EN: Binance Futures Will Launch USDⓈ-Margined MERLUSDT Perpetual Contract
Time: 2025-05-29 08:30 (UTC): MERLUSDT (up to 50x leverage)https://t.co/S7r8ePNplD
— Merlin Chain (@MerlinLayer2) May 28, 2025
Binance Listing Sparks Renewed Trading Momentum
On May 28, 2025, Binance Futures announced the introduction of USD-margined MERL perpetual contracts, marking a key milestone for Merlin Chain. This high-leverage product is aimed at both seasoned traders and newcomers looking to capitalize on the token’s recent price gains.
The listing has not only expanded MERL’s exposure to a broader audience but has also enhanced liquidity across major exchanges. Historically, similar Binance initiatives have led to notable price spikes, and MERL appears to be benefiting from this trend.
Many market participants view this move as an endorsement of Merlin Chain’s unique approach to enhancing Bitcoin’s layer-2 capabilities through integrations like ZK-Rollups and decentralized Oracle networks.
Merlin Chain Price Report and Market Overview
As of the latest update, Merlin Chain is trading at around $0.1269 per token, increasing nearly 7% in the last 24 hours, according to data from CoinMarketCap. The token now boasts a market capitalization of roughly $92 million, with a 24-hour trading volume in excess of $750 million.
Out of a total supply of 2.1 billion MERL, about 725 million tokens remain in circulation. This impressive performance underscores the growing investor appetite for projects that innovate within the Bitcoin ecosystem and signals robust confidence in Merlin Chain’s potential to reshape on-chain financial interactions.
Future Prospects for Merlin’s Bitcoin Layer-2 Ecosystem
Merlin Chain’s recent upward trajectory, coupled with the excitement generated by Binance’s contract listing, positions the project for further gains. The introduction of perpetual contracts is anticipated to drive additional trading volume and foster deeper market integration.
Analysts suggest that sustained trading activity could see MERL targeting new price levels, potentially paving the way for renewed bullish sentiment in the coming weeks.
