Is the Merlin Chain Still Active? Here's The Update!

Is Merlin Chain still alive? Explore the latest update on Merlin, its Bitcoin integration, price analysis, and what may affect MERL’s future in this article!

For information, Merlin Chain is a Layer 2 network that promises to expand Bitcoin’s reach beyond simple transactions. 

With recent upgrades, exchange listings, and a surge in price performance, investors are asking the same question: Is the Merlin Chain still active, and where is it heading next? Check out here.

What is Merlin Chain?

Merlin Chain is a Bitcoin Layer 2 solution developed by Bitmap Technology, a company founded by Jeff Yin. Launched in January 2024, it aims to improve Bitcoin’s functionality without replacing it. 

The project integrates advanced tools such as ZK-Rollups, decentralized oracles, and fraud-proof modules, all designed to make Bitcoin transactions faster, safer, and more useful.

The vision behind Merlin is simple: to “Make Bitcoin Fun Again.” By offering access to decentralized finance (DeFi), non-fungible tokens (NFTs), and other blockchain-based products, Merlin Chain hopes to transform Bitcoin into more than just a store of value.

Read also: What is Merlin AI and How Can You Use It Today?

Merlin Chain Price Analysis: Why is it Up Today?

In recent weeks, MERL, the native token of Merlin Chain, has attracted attention after surging 42.4% in just 24 hours, significantly outperforming the broader crypto market, which saw a slight decline. Several key factors are driving this upward movement:

1. Sui Network Integration – On August 21, Merlin introduced M-BTC, a Bitcoin-backed token that allows BTC to flow into the Sui Network’s DeFi ecosystem. This unlocks yield opportunities for Bitcoin holders and positions Merlin as a critical bridge for Bitcoin’s $1.3 trillion liquidity.

2. Bithumb Listing – On July 24, South Korea’s major exchange Bithumb listed MERL against the Korean won (KRW). This move triggered a 20.5% price surge and opened MERL to one of the world’s most active retail crypto markets.

3. Technical Breakout – MERL recently broke above its 200-day moving average, signaling renewed momentum. However, indicators such as the Relative Strength Index (RSI) suggest that the token could face short-term corrections after its rapid rise.

Read also: Merlin Chain (MERL) Price Prediction 2025-2030: A Full Analysis

What Could Affect MERL’s Future Price

While the current outlook appears strong, several factors could shape Merlin Chain’s future performance:

• Protocol Upgrades and Partnerships – Ongoing technical improvements, such as chain abstraction and AI-powered transaction routing, could enhance adoption by making cross-chain activities simpler.

• Token Unlocks – Less than half of the total MERL supply is currently in circulation. Large upcoming token releases for investors and the community may increase selling pressure.

• Competition in Bitcoin Layer 2s – Projects like Stacks and B² Network are also expanding Bitcoin’s Layer 2 ecosystem. To maintain its position, Merlin will need to continue attracting developers and users.

Read also: What is Avantis? A Complete Guide

Is the Merlin Chain Still Active?

Yes, the Merlin Chain remains highly active. In fact, its activity level has intensified in 2025, marked by:

• The Merlin 2.0 upgrade in July, which revamped Bitcoin’s role in DeFi.

• The launch of M-BTC on Sui, extending cross-chain yield opportunities.

• A steady rise in total value locked (TVL) and trading volume, particularly from Asian markets.

Rather than fading into the background, Merlin appears to be positioning itself as one of the leading Bitcoin Layer 2 infrastructures, pushing BTC deeper into the world of decentralized applications.

Read also: Ethena to Activate Fee Switch! What Does This Mean for ENA?

Conclusion

The question of whether Merlin Chain is still active can be answered with a clear yes. Not only is it active, but it is also expanding through new integrations, exchange listings, and a growing user base. 

However, its future depends on whether it can sustain this momentum in the face of competition and token unlock pressures.

For now, Merlin Chain remains a project worth watching, especially for those interested in how Bitcoin can move beyond simple payments into the wider DeFi ecosystem.

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FAQ

What is the Merlin Chain?

Merlin Chain is a Layer 2 scaling solution built on the Bitcoin network. It aims to improve the scalability and security of Bitcoin by enabling faster transactions, and supporting decentralized applications (dApps) and expanded uses for Bitcoin through technologies like ZK-Rollups.

Who is the owner of Merlin Chain?

The founder and CEO of Merlin Chain is Jeff Yin. He is also the founder of Bitmap Tech, the company that developed Merlin Chain.

What's the future of Merlin crypto?

Based on a predicted 5% yearly price change, the price of Merlin Chain (MERL) could be approximately $0.16 by 2026, and increase to $0.31 by 2040.

What is Merlin crypto used for?

Merlin Chain is used to enhance the native assets, protocols, and applications on Bitcoin's Layer 1. Its main goal is to promote innovation and maximize the potential of Bitcoin's assets on Layer 2 networks, supporting things like DeFi, gaming, and cross-chain interactions.

What blockchain is Merlin crypto on?

Merlin crypto is on the Bitcoin blockchain. It integrates a zero-knowledge rollup, a decentralized oracle network, and on-chain fraud proofs into the Bitcoin network to reduce congestion and improve transaction speed.