DeepBook Protocol vs Merlin Chain — how do they compare? DeepBook Protocol trades at Rp245.63 (market cap Rp1,39T, Rp32,41M 24h volume), while Merlin Chain trades at Rp313.68 (market cap Rp425,44M, Rp23,37M 24h volume). The key difference: DeepBook Protocol is far larger — about 3267.2× Merlin Chain's market cap, and DeepBook Protocol's circulating supply is 5,6B / 10B DEEP (57%) versus 1,4B / 2,1B MERL (65%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold DeepBook Protocol for 14 Days and Merlin Chain for 10 Days on average.
| DEEP | MERL | |
|---|---|---|
Market Cap | Rp1,39T | Rp425,44M |
Volume (24h) | Rp32,41M | Rp23,37M |
Circulating Supply | 5,6B / 10B DEEP (57%) | 1,4B / 2,1B MERL (65%) |
Typical Hold Time | 14 Days | 10 Days |
Signals from Pluang's Aura AI — not financial advice
DeepBook Protocol (DEEP) is currently trading at Rp250.02 with a market cap of Rp1.4T, showing bearish technical signals across moving averages and key indicators. The token faces selling pressure with 18 sell signals versus 3 buy signals, though oscillators remain neutral. Support levels are established at Rp236, Rp241, and Rp246, while resistance sits at Rp256, Rp260, and Rp265. With 57% of the 10M max supply in circulation and an average hold time of 14 days, the token shows moderate network participation.
Overall outlook remains cautious with bearish momentum dominating. Key opportunities include potential bounce from support levels if buying interest emerges. Major risks include continued selling pressure, low liquidity depth, and the token's proximity to critical support zones that could trigger further declines if breached.
Merlin Chain is currently trading at Rp318.44 with a market cap of Rp430M, showing bearish technical signals as it trades below the pivot point of Rp323. The token has 65% of its maximum 2.1M supply in circulation with an average hold time of 10 days. Technical indicators show mixed signals with bearish moving averages but neutral oscillators, while the asset trades near key support at Rp315.
Overall outlook remains cautious with bearish technical pressure, though neutral oscillators suggest potential consolidation. Key opportunities include proximity to support levels for potential rebounds, while risks include limited liquidity and the bearish trend continuation. Investors should monitor volume patterns and network developments closely.
What Pluang investors did over the last 30 days
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 →