Haedal Protocol vs Merlin Chain — how do they compare? Haedal Protocol trades at Rp301.57 (market cap Rp141,54M, Rp30,88M 24h volume), while Merlin Chain trades at Rp314.64 (market cap Rp427,4M, Rp25,77M 24h volume). The key difference: Merlin Chain is far larger — about 3× Haedal Protocol's market cap, and Haedal Protocol's circulating supply is 483,3M / 1B HAEDAL (49%) versus 1,4B / 2,1B MERL (65%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold Haedal Protocol for 15 Days and Merlin Chain for 10 Days on average.
| HAEDAL | MERL | |
|---|---|---|
Market Cap | Rp141,54M | Rp427,4M |
Volume (24h) | Rp30,88M | Rp25,77M |
Circulating Supply | 483,3M / 1B HAEDAL (49%) | 1,4B / 2,1B MERL (65%) |
Typical Hold Time | 15 Days | 10 Days |
Signals from Pluang's Aura AI — not financial advice
Haedal Protocol currently trades at Rp288.18 with a market cap of Rp139.43M, showing bearish technical signals from moving averages while oscillators remain neutral. The token has 49% circulating supply with an average hold time of 15 days. Current price sits near the pivot point of Rp288, with immediate support at Rp283 and resistance at Rp292. No major protocol updates or ecosystem developments were identified in recent analysis.
Overall outlook remains cautious with bearish technical momentum outweighing neutral oscillators. Key opportunity lies in potential bounce from support levels, while major risks include low liquidity and limited market depth. Investors should monitor for any protocol developments that could drive adoption.
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.
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Haedal is a leading liquid staking protocol built specifically on the Sui blockchain. It provides a reliable infrastructure that enables users to stake their SUI and Walrus tokens with validators, allowing them to earn ongoing consensus rewards. Additionally, users can unlock liquidity in the form of liquid staking tokens (LST), which can be utilized across decentralized finance (DeFi) applications. Haedal's goal is to become the primary platform for staking and earning within the Sui ecosystem.
Read more on HAEDAL →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 →