Compare CoW Protocol (COW) vs Merlin Chain (MERL) Price & Performance
Price performance (Past 24H)
Key statistics
Key statistics
CoW Protocol vs Merlin Chain — how do they compare? CoW Protocol trades at Rp2,455 (market cap Rp1,42T, Rp55,53M 24h volume), while Merlin Chain trades at Rp302.88 (market cap Rp398,41M, Rp50,8M 24h volume). The key difference: CoW Protocol is far larger — about 3564.2× Merlin Chain's market cap, and CoW Protocol's circulating supply is 578,4M / 1B COW (58%) versus 1,3B / 2,1B MERL (63%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold CoW Protocol for 20 Days and Merlin Chain for 9 Days on average.
| COW | MERL | |
|---|---|---|
Market Cap | Rp1,42T | Rp398,41M |
Volume (24h) | Rp55,53M | Rp50,8M |
Circulating Supply | 578,4M / 1B COW (58%) | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 20 Days | 9 Days |
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
Aura AI Summary
Signals from Pluang's Aura AI — not financial advice
CoW Protocol is currently trading at Rp2,499 with a market cap of Rp1.44T, showing bearish technical signals across moving averages while oscillators remain neutral. The token is trading near immediate support at Rp2,497 with RSI_6 at 27.52 suggesting potential oversold conditions. With 58% of the maximum 1M COW supply in circulation and average hold time of 20 days, the protocol maintains steady tokenomics.
Overall outlook remains cautious due to bearish technical momentum, though oversold RSI levels may present short-term opportunities. Key risks include market volatility and limited recent ecosystem developments. Investors should monitor support levels and trading volume patterns for potential trend reversals.
Merlin Chain (MERL) is currently trading at Rp311.48 with a market cap of Rp405.88 million, showing a bearish technical signal overall. The asset is near its pivot point of Rp310, with immediate support at Rp300 and resistance at Rp317. With 63% of its max supply in circulation and a short average hold time of 9 days, the token exhibits high turnover. No major protocol updates or ecosystem news are reported recently, keeping fundamental developments quiet.
Outlook remains cautious due to strong bearish momentum in moving averages, though oversold RSI hints at potential near-term rebounds. Key risks include low liquidity, high volatility, and limited network activity. Opportunities may arise if it holds above key supports, but investors should monitor for any ecosystem growth or exchange listings to gauge recovery potential.
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
Investor sentiment on Pluang
What Pluang investors did over the last 30 days
About CoW Protocol
CoW Protocol is an innovative decentralized finance (DeFi) platform operating on the Ethereum Mainnet. It aims to optimize trading outcomes for its users through a unique combination of strategies. At its core, the protocol employs batch auction mechanisms alongside peer-to-peer trades to secure the best possible trade prices. Additionally, it utilizes a fully permissionless structure, enabling seamless and inclusive participation for all users.
Read more on COW →About Merlin Chain
Merlin Chain is a Layer 2 solution for Bitcoin that incorporates ZK-Rollup networks, decentralized oracle networks, and fraud proofs. Its goal is to enhance Bitcoin's Layer 1 assets, protocols, and applications, fostering innovation and maximizing asset potential on Layer 2. The native token, MERL, is used for staking, which contributes to the security of the Merlin Chain.
Read more on MERL →
