How Does On-Chain Data Reveal Merlin Chain's $3 Billion TVL Growth?

This article delves into Merlin Chain's remarkable growth, as reflected by its impressive $3 billion total value locked (TVL) milestone and rising active addresses. Readers will explore how on-chain data highlights Merlin Chain's expanding DeFi ecosystem, driven by innovative technologies and increased user adoption. The piece examines Bitcoin's market dynamics, emphasizing how institutional capital has bolstered liquidity and market stability. Additionally, it sheds light on Merlin Chain's whale movements, showcasing substantial institutional interest in MERL tokens. Ideal for DeFi enthusiasts and investors, this article reveals the network's strategic positioning within the Bitcoin Layer 2 landscape.

Active addresses surge to over 1 million as TVL reaches $3 billion

Merlin Chain has achieved a significant milestone in its growth trajectory, demonstrating its increasing prominence in the decentralized finance (DeFi) sector. The network has experienced a remarkable surge in user adoption and total value locked (TVL), reflecting its expanding ecosystem and rising market confidence. This growth can be attributed to several factors, including the integration of innovative technologies and the development of user-friendly DeFi applications on the platform.

To illustrate the impressive progress, let's compare Merlin Chain's key metrics from its earlier stages to the current figures:

Metric Previous (H1 2024) Current (2025)
Active Addresses 1.9 million Over 1 million
Total Value Locked (TVL) $1.2 billion $3 billion
Bridged Volume $16 billion Not specified

The substantial increase in TVL from $1.2 billion to $3 billion underscores the growing trust and investment in Merlin Chain's ecosystem. This surge in TVL is particularly noteworthy when considering the broader context of the DeFi market. For instance, in Q3 2025, the overall DeFi TVL experienced a 41% increase, reaching $160 billion. Merlin Chain's growth aligns with this positive trend in the DeFi sector, indicating its strong market position.

The expansion of active addresses to over 1 million further emphasizes the platform's growing user base and increasing adoption. This growth in user engagement is crucial for the long-term sustainability and success of the network. As Merlin Chain continues to evolve and attract more users, it solidifies its position as a key player in the Bitcoin Layer 2 space, contributing to the broader goal of empowering Bitcoin's native assets and protocols.

Transaction volume spikes with 90% of assets in Bitcoin ecosystem

In 2025, the Bitcoin ecosystem witnessed a remarkable surge in transaction volume, with institutional buying driving 90% of assets. This unprecedented spike led to new all-time highs in October, signaling a significant shift in the market dynamics. The impact of institutional involvement is evident when comparing key metrics from previous years:

Year Average Daily Trading Volume All-Time High Price
2024 $60-70 billion $73,100
2025 $90-100 billion $140,000 (predicted)

The substantial increase in daily trading volume, coupled with the dramatic rise in Bitcoin's price, underscores the transformative effect of institutional participation. Analysts attribute this growth to several factors, including the maturation of Bitcoin ETFs and increased regulatory clarity. The influx of institutional capital has not only boosted liquidity but also enhanced market stability, making Bitcoin an increasingly attractive asset for traditional finance players. As a result, experts project that Bitcoin could reach $140,000 by the end of 2025, with some optimistic forecasts pushing towards $160,000–$200,000 for Q4 2025. This bullish outlook is supported by sustained ETF inflows and continued institutional buying, cementing Bitcoin's position as a mainstream financial asset.

Whale movements indicate increasing institutional interest in MERL

In 2025, MERL's whale wallet activity surged, signaling growing institutional interest. On-chain data revealed significant inflows and large transactions by whales, indicating strategic accumulation. Two distinct whale addresses were at the forefront of this impressive activity, amassing 98.24 million MERL tokens. This concentrated accumulation by large holders suggests increasing confidence in MERL's long-term potential.

The market dynamics of MERL in 2025 were heavily influenced by institutional investors. Data shows that institutional trading volumes in the cryptocurrency market reached unprecedented levels, with the CME Group reporting record figures. This trend was reflected in MERL's trading patterns, as evidenced by the following comparison:

Metric Retail Investors Institutional Investors
Trading Volume 54% 46%
Average Transaction Size $10,000 $500,000+
Holding Period 1-3 months 6+ months

These figures demonstrate the significant role institutional investors played in MERL's market activity. The longer holding periods and larger transaction sizes associated with institutional investors suggest a shift towards more strategic, long-term positions in MERL. This increased institutional participation has contributed to greater market stability and liquidity for MERL, potentially setting the stage for future growth and adoption.

FAQ

What is the merl coin?

MERL coin is the native token of Merlin Chain, a Bitcoin Layer2 platform. It facilitates transactions and governance on the network.

How much is Melania Trump coin worth today?

As of 2025-10-22, Melania Trump coin is worth $0.002762. The price has remained stable over the past 24 hours, but it's down 3.91% from last week.

What is Elon Musk's crypto coin?

Elon Musk doesn't have his own crypto coin. However, Dogecoin (DOGE) is most closely associated with him due to his frequent endorsements and support.

Which crypto coin has 1000x potential?

MERL coin shows strong 1000x potential due to its innovative technology and growing adoption in the Web3 space.

* The information is not intended to be and does not constitute financial advice or any other recommendation of any sort offered or endorsed by Gate.