- Prices for Merlin Chain (Merl) rose sharply as Binance announced the launch of Merl Perpetual Futures.
- Growing native to Bitcoin Layer-2 solution, Merl Token reached a high of $0.13 and managed to target $0.20.
- Altcoins have often spiked prices after such an announcement by Binance.
The Merlin Chain (MERL), a Bitcoin Layer-2 solution, has witnessed a substantial price surge following a massive announcement from Binance.
On May 28, 2025, Binance revealed the initiation of a permanent contract for Merl compared to USD. This is a move that sparked a new interest in tokens.
The news saw that the price of the Merlin chain rose amid the rise in volume, and that traction likely exceeded Merul’s $0.14.
Binance Futures adds permanent Merl contracts with 50x leverage
Binance Futures, the derivatives of one of the world’s leading cryptocurrency exchanges, announced on May 28, 2025 that it added a permanent contract for Merl.
Binance en: Binance Futures launches a permanent contract for USDⓢmarginedMerlusdt
Time: 2025-05-29 08:30 (UTC): Merlusdt (up to 50x leverage) https://t.co/S7r8epnpld
– Merlin Chain (@merlinlayer2) May 28, 2025
According to the official announcement, the USD-M Meruru permanent contract will be published at 08:30 UTC on May 29, 2025, giving traders access to leverage up to 50x.
This highly leveraged product is designed to attract both veteran traders and traders looking to capitalize on Meruru’s momentum.
This announcement follows Binance’s Merl’s previous list of Binance Alpha, which occurred on May 20, 2025.
This was a move that introduced Mel to a larger audience, and the addition of permanent contracts has augmented its appeal in the derivatives space.
Binance Futures has a history of increasing the visibility and liquidity of tokens through such listings, as seen in previous launches of other perpetual contracts.
For Merl, the move highlights Binance’s confidence in the potential to promote trading activities for the project.
Surge in Merlin Chain (Merlu) prices
The market’s response to the Binance futures list is fast and positive.
According to data from CoinmarketCap, the price of the Merlin chain has risen to $0.1346, with an upward flip of over 10% over the last 24 hours.
The surge comes with a decent surge in trading volume, with Merl recording a 17% spike in daily volumes to over $803 million.
The token’s market capitalization reached $95.5 million.
The rising prices of the Merlin chain highlights a growing interest in an ecosystem focused on enhancing Bitcoin’s Layer 2 capabilities.
The project supports popular Bitcoin protocol tokens such as the BRC20 and BRC420, and has become a standout in the decentralized financial space thanks to the integration of ZK-Rollups and the decentralized Oracle network.
In April 2024, the price was a record-high $1.55 hit, but the Binance Futures list could be a key catalyst.
In this case, the token value could jump to $0.2, targeting the December 2024 high and targeting $0.48 over the next few weeks.
