DeepBook Protocol vs Merlin Chain — how do they compare? DeepBook Protocol trades at Rp325.43 (market cap Rp1,76T, Rp72,18M 24h volume), while Merlin Chain trades at Rp309.69 (market cap Rp406,59M, Rp47,1M 24h volume). The key difference: DeepBook Protocol is far larger — about 4328.7× Merlin Chain's market cap, and DeepBook Protocol's circulating supply is 5,5B / 10B DEEP (55%) versus 1,3B / 2,1B MERL (63%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold DeepBook Protocol for 13 Days and Merlin Chain for 9 Days on average.
| DEEP | MERL | |
|---|---|---|
Market Cap | Rp1,76T | Rp406,59M |
Volume (24h) | Rp72,18M | Rp47,1M |
Circulating Supply | 5,5B / 10B DEEP (55%) | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 13 Days | 9 Days |
What Pluang investors did over the last 30 days
Latest headlines on both assets
DeepBook is a decentralized central limit order book (CLOB) on the Sui blockchain, offering high performance and low latency. It operates entirely on-chain, enhancing programmability and liquidity in the DeFi ecosystem. By providing tighter liquidity and greater control for liquidity providers compared to traditional models, DeepBook serves as the key wholesale liquidity venue for diverse financial services.
Read more on DEEP →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 →