Merlin Chain (MERL), a Bitcoin Layer 2 solution, saw a significant price increase following a major announcement from Binance.
On May 28, 2025, Binance revealed plans to launch USD‑margined MERL perpetual contracts, sparking renewed interest in the token.
The announcement coincided with rising trading volumes and momentum that likely pushed MERL above the $0.14 level.
Binance Futures Adds MERL Perpetual Contracts with Up to 50x Leverage
Binance Futures, the derivatives arm of the global crypto exchange, announced the addition of MERL perpetual contracts on May 28, 2025.
Binance EN: Binance Futures Will Launch USDⓈ-Margined MERLUSDT Perpetual Contract
Time: 2025-05-29 08:30 (UTC): MERLUSDT (up to 50x leverage)
— Merlin Chain (@MerlinLayer2) May 28, 2025
According to the official notice, the USD‑M MERL perpetual contract went live on May 29, 2025 at 08:30 UTC, enabling traders to access up to 50x leverage.
The high-leverage offering is designed to attract both experienced traders and those seeking to capitalize on MERL’s momentum.
This announcement followed MERL’s earlier listing on Binance Alpha on May 20, 2025, which introduced the token to a broader audience. Adding perpetual contracts further enhances its appeal within the derivatives market.
Binance Futures has a track record of increasing a token’s visibility and liquidity through such listings, as evidenced by prior perpetual contract launches. For MERL, this move signals Binance’s confidence in the project’s ability to stimulate trading activity.
Sharp Price Rally for Merlin Chain (MERL)
The market reacted quickly and positively to the Binance Futures listing.
According to CoinMarketCap data, Merlin Chain’s price rose to $0.1346, marking an increase of more than 10% over the past 24 hours.
The surge was accompanied by a notable jump in trading volume: MERL’s daily volume increased by 17% to more than $803 million.
The token’s market capitalization reached $95.5 million.
The price uptick highlights growing interest in Merlin Chain’s ecosystem, which focuses on expanding Bitcoin Layer 2 capabilities.
The project supports widely used Bitcoin protocol tokens like BRC20 and BRC420, and its integration of ZK‑Rollups and decentralized oracle networks has helped it stand out in the decentralized finance space.
While the current price remains well below its all-time high of $1.55 reached in April 2024, the Binance Futures listing could act as a key catalyst.
In this scenario, the token could climb toward $0.20 and potentially revisit its December 2024 peak of $0.48 in the coming weeks.