- Merlin Chain (MERL) price jumped sharply after Binance announced the launch of MERL perpetual futures.
- The MERL token, native to a Bitcoin layer-2 solution, climbed to about $0.13 and could eye $0.20.
- Altcoins commonly surge after similar Binance announcements.
Merlin Chain (MERL), a Bitcoin layer-2 solution, experienced a notable price increase following a major announcement from Binance.
On May 28, 2025, Binance announced the launch of USD-margined MERL perpetual contracts, a development that renewed market interest in the token.
The announcement pushed MERL higher amid rising trading volume, with momentum likely to push the token past the $0.14 level.
Binance Futures adds MERL perpetual contracts with 50x leverage
Binance Futures, the derivatives arm of the global cryptocurrency exchange, revealed the addition of MERL perpetual contracts on May 28, 2025.
According to the official notice, the USDⓈ-margined MERLUSDT perpetual contract went live on May 29, 2025, at 08:30 UTC and offers traders up to 50x leverage.
This high-leverage product aims to attract professional traders as well as retail participants seeking to capitalize on MERL’s momentum.
The perpetual contract listing follows Binance’s earlier spot listing of MERL on its Binance Alpha platform on May 20, 2025, which introduced the token to a broader audience.
Perpetual contract listings on Binance Futures often increase a token’s visibility and liquidity, and the addition of MERL contracts highlights growing confidence in the project’s trading potential.
Merlin Chain (MERL) price surges
The market responded quickly to the Binance Futures announcement.
Data from CoinMarketCap showed Merlin Chain rising to around $0.1346, representing an increase of more than 10% in the previous 24 hours.
Trading volume also climbed significantly, with MERL recording a roughly 17% daily volume increase to over $803 million.
The token’s market capitalization reached approximately $95.5 million during the surge.
These gains reflect growing interest in Merlin Chain’s ecosystem, which focuses on expanding Bitcoin’s layer-2 capabilities.
Merlin Chain supports popular Bitcoin protocol tokens such as BRC-20 and BRC-420 and integrates technologies like zk-rollups and decentralized oracle networks, positioning it as a notable project within decentralized finance built on Bitcoin.
Although the current price remains well below the all-time high of $1.55 reached in April 2024, the Binance Futures perpetual contract listing could act as a catalyst for further appreciation.
Analysts and traders looking at current momentum suggest MERL could target $0.20 in the near term, with higher levels potentially in view if the uptrend continues and broader market conditions remain favorable.