Merlin Chain (MERL) research overview
Merlin Chain (MERL) is tracked by YearBull under the source identifier merlin-chain. Source categories place the asset in the Layer 1 Cryptocurrencies universe, with additional labels including Smart Contract Platform, BNB Chain Ecosystem, Ethereum Ecosystem. Category labels describe market context; they do not prove project activity, adoption, or investment quality.
Historical market behavior
The local YearBull series runs from 2025-12-20 through 2026-09-12 with 254 daily observations. Measured returns are 30 day +30.1%, 90 day +15.7%. Both the 30 day and 90 day observations are positive, so recent and medium term direction are aligned in the stored history.
Median absolute day to day movement was 3.03%, while the latest price is -94.3% from the highest local daily price in the measured window. These observations separate typical daily movement from the distance to a local peak.
YearBull signal interpretation
At the 2026-09-12 review, Merlin Chain (MERL) recorded YearBull Rank #534, Bull Score 65/100, Risk Low, and Cycle Mid. The asset improved by 1,410 places from its closest 30 day rank observation. Bull Score averaged 36.2 across the stored window and was at least 50 on 22.4% of observations.
Market structure and supply
Observed market capitalization is about $32.86 million and reported 24 hour volume is about $1.84 million. That volume equals 5.61% of market capitalization in the dated snapshot. Current circulating supply is 1,391,178,548. The recorded maximum supply is 2,100,000,000. Circulating supply changed +27.8% across the available historical window. Reported volume and supply fields can change through source revisions, issuance, burns, migrations, or venue coverage.
Key risks and limits
Validator or miner concentration, client faults, network outages, token issuance, ecosystem activity, bridges, and governance are material dependencies. Historical metrics describe the available YearBull record; they do not predict future returns. Contract addresses, network support, custody, and venue availability should be verified before use.
Primary sources and review scope
YearBull methodology | Official project website | Technical documentation or whitepaper | Source repository. Identity, categories, supply, and historical market fields were reviewed from locally stored source records on 2026-09-12. The live analytical snapshot may be newer than this editorial review.
YearBull Rank on this page
Most recent YearBull Rank reading for merlin-chain is #291.
Rank change (daily snapshots).
Reading rule: smaller rank numbers are better.
- 7d window (2026-09-05): #108 → #291 (down by 183).
- 30d window (2026-08-13): #1944 → #291 (up by 1653).
YearBull Rank is a comparative index on YearBull that helps contextualize a coin’s position versus others over time. Lower rank numbers indicate stronger placement in the current snapshot.
Market access: If the line range narrows, access may be stabilizing.
Risk placement: Read it as "how stable is the position" rather than "how exciting is today".
Cycle angle: Compare the 30d move with the 7d move to see if momentum is accelerating or fading.
Liquidity framing: If the curve jumps, check whether the cohort moved too (relative effects).
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