Merlin Chain
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Open interest
Funding rate
Active traders

Trade Merlin Chain (MERL)

Treat this as your Merlin Chain trading checklist: read the chart, scan market activity, choose spot, long, or short exposure, set size, and open the terminal when you are ready. New to Hyperdash? Create an account or log in, deposit funds from a wallet, card, bank/ACH where available, or exchange deposit, then use the chart and docs to check liquidity, risk, and order flow before opening a trade. · · Read the onboarding docs · Open the terminal

Key Trades

Biggest PNLs

Trader
Direction
Notional
PNL

Biggest open positions

Trader
Direction
Notional
UPNL

Frequently asked questions

Market information on Hyperdash is informational only and is not financial, investment, legal, or tax advice. Trading Merlin Chain (MERL) involves market risk and may not be suitable for every trader. MethodologyTerms

Crypto perpetual market

Merlin Chain (MERL) market page

Trade Merlin Chain (MERL) long or short 24/7 on Hyperdash. Live orderbook, real-time funding, on-chain settlement. The advanced trading terminal for Hyperliquid.

Ticker
MERL
Display name
Merlin Chain
Market class
Crypto perpetual market
Canonical URL
https://hyperdash.com/asset/trade-merl
Instrument
MERL
Market
MERL

Trade Merlin Chain (MERL)

Treat this as your Merlin Chain trading checklist: read the chart, scan market activity, choose spot, long, or short exposure, set size, and open the terminal when you are ready. New to Hyperdash? Create an account or log in, deposit funds from a wallet, card, bank/ACH where available, or exchange deposit, then use the chart and docs to check liquidity, risk, and order flow before opening a trade. Create account or log in · Deposit funds · Read the onboarding docs · Open the terminal

Frequently asked questions

How do I trade Merlin Chain perps on Hyperdash?

Connect a wallet, deposit USDC, and place a long or short order on Merlin Chain (MERL) from the Hyperdash terminal. Funding settles every hour and the orderbook is fully on-chain on Hyperliquid. Trade Merlin Chain on Hyperdash.

Should I long or short Merlin Chain?

Long or short Merlin Chain is your call. Review the chart, funding rate, open interest, and recent price action before opening a position. Hyperdash does not provide investment advice.

How do I buy Merlin Chain?

On Hyperdash you can take long Merlin Chain (MERL) exposure through the Hyperliquid perpetual market. Connect a wallet, deposit USDC, and place a buy order. Hyperdash does not custody the underlying asset. Trade Merlin Chain on Hyperdash.

Where does Merlin Chain rank by market cap?

Merlin Chain is currently ranked #706 by total market capitalization across all cryptocurrencies.

What is Merlin Chain's circulating supply?

Approximately 1.35B MERL are in circulation. The maximum supply is 2.1B.

How is smart money positioned on Merlin Chain?

The most profitable wallets on Hyperdash are net short Merlin Chain: about 56% of their notional sits on the short side of the trade. View extremely profitable cohort.

How do I trade Merlin Chain on Hyperliquid?

Trade Merlin Chain (MERL) on Hyperdash, the most advanced trading terminal for Hyperliquid pro traders. Hyperdash gives you live order books, real-time funding and open interest, on-chain cohort analysis, and one-click execution on every Hyperliquid market. Trade Merlin Chain on Hyperdash.

What is the maximum leverage available on MERL perps?

Hyperdash supports up to 3x leverage on Merlin Chain (MERL) perpetual contracts.

What is Merlin Chain's market cap?

Merlin Chain's circulating market cap is approximately $24.49M, calculated as circulating supply × current price.

What is Merlin Chain's fully diluted valuation?

Merlin Chain's fully diluted valuation is approximately $38.02M, calculated against the maximum eventual token supply.

What is Merlin Chain's all-time high price?

Merlin Chain's all-time high is $1.45, recorded on April 19, 2024.