Fluid vs Merlin Chain — how do they compare? Fluid trades at Rp18,604 (market cap Rp1,47T, Rp32,15M 24h volume), while Merlin Chain trades at Rp309.73 (market cap Rp408,89M, Rp56,07M 24h volume). The key difference: Fluid is far larger — about 3595.1× Merlin Chain's market cap, and Merlin Chain's supply is capped (1,3B / 2,1B MERL (63%)) while Fluid's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Fluid for 9 Days and Merlin Chain for 9 Days on average.
| FLUID | MERL | |
|---|---|---|
Market Cap | Rp1,47T | Rp408,89M |
Volume (24h) | Rp32,15M | Rp56,07M |
Circulating Supply | 78,7M FLUID | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 9 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
Fluid (FLUID) trades at Rp18,757 with a market cap of Rp1.47T, showing a bullish technical signal overall despite bearish moving averages. Key indicators like ADX suggest strong trend momentum, while RSI remains neutral. Support and resistance levels indicate potential price zones, with no major protocol updates noted recently.
The outlook is cautiously optimistic due to bullish signals, but risks include typical crypto volatility and limited liquidity. Investors should monitor trading volume and regulatory developments, as the asset lacks significant fundamental catalysts at present.
Merlin Chain is currently trading at Rp309.87 with a market cap of Rp408.14 million, exhibiting a bearish technical signal driven by moving averages. The token's circulating supply is 1.3 million out of a maximum 2.1 million, with a circulation rate of 63%. Key technical indicators show oversold conditions on the RSI_6 but sell signals from ADX, with immediate support at Rp299 and resistance at Rp321. No major protocol updates or ecosystem news were identified recently.
Overall outlook remains cautious due to strong bearish momentum and limited fundamental catalysts. Key opportunities include potential rebounds from oversold levels, while major risks involve low liquidity, high volatility, and the absence of recent development activity. Investors should monitor for any network updates or shifts in trading volume.
What Pluang investors did over the last 30 days
Fluid Protocol (formerly known as Instadapp) is a next-generation DeFi platform that reDeFined capital efficiency through its seamless integration of smart collateral management, innovative Vault borrowing, and an embedded DEX. Recently rebranded to align with its vision of being the “Liquidity Layer of DeFi,” Fluid is launching a strategic growth initiative powered by restructured tokenomics, algorithmic buybacks, and a one-time allocation from its treasury to fuel expansion. With a smooth 1:1 token migration from INST to FLUID and zero dilution for holders, the protocol is poised to scale rapidly. Fluid aims to become the leading DEX on Ethereum by volume and achieve a market footprint of $10 billion.
Read more on FLUID →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 →