The price of Merlin Chain (MERL) surged following Binance’s announcement of perpetual futures contracts for the token. With significant trading interest, the native token of this Bitcoin layer-2 solution has seen notable price increases, prompting speculation about its future trajectory in the crypto market.
Binance Futures Introduces MERL Perpetual Contracts with 50x Leverage
On May 28, 2025, Binance Futures, the derivatives arm of the leading cryptocurrency exchange, revealed the upcoming launch of USD-margined MERL perpetual contracts. This announcement has sparked considerable interest among traders, bolstered by the potential for leverage up to 50x.
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
The formal launch is set for May 29, 2025, at 08:30 UTC, allowing traders to capitalize on MERL’s recent momentum. This development comes on the heels of the earlier listing of MERL on Binance’s Alpha platform, which occurred on May 20, 2025, and marked a pivotal moment in enhancing MERL’s visibility.
Merlin Chain (MERL) Sees Notable Price Gains
The market’s response to Binance Futures’ announcement has been swift and favorable. According to CoinMarketCap, the price of Merlin Chain surged to $0.1346, representing an increase of over 10% within a 24-hour window. This price hike was accompanied by a notable uptick in trading volume, with daily trading exceeding $803 million—a 17% increase.
Currently, the market capitalization of MERL stands at approximately $95.5 million. This surge reflects growing investor interest in the ecosystem surrounding Merlin Chain, which focuses on enhancing Bitcoin’s layer-2 capabilities.
Merlin Chain supports widely-used Bitcoin protocol tokens such as BRC20 and BRC420 and integrates ZK-Rollups alongside decentralized oracle networks, establishing it as a significant player in the decentralized finance (DeFi) space.
While the current price remains well below its all-time high of $1.55 from April 2024, the new perpetual contracts on Binance Futures may serve as a crucial catalyst for further price appreciation. Analysts speculate that the price could potentially reach $0.20, aiming for previous peaks of $0.48 observed in December 2024.
