Haedal Protocol vs Merlin Chain — how do they compare? Haedal Protocol trades at Rp295.67 (market cap Rp133,25M, Rp20,72M 24h volume), while Merlin Chain trades at Rp311.89 (market cap Rp406,23M, Rp49,79M 24h volume). The key difference: Merlin Chain is far larger — about 3× Haedal Protocol's market cap, and Haedal Protocol's circulating supply is 454,2M / 1B HAEDAL (46%) versus 1,3B / 2,1B MERL (63%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold Haedal Protocol for 14 Days and Merlin Chain for 9 Days on average.
| HAEDAL | MERL | |
|---|---|---|
Market Cap | Rp133,25M | Rp406,23M |
Volume (24h) | Rp20,72M | Rp49,79M |
Circulating Supply | 454,2M / 1B HAEDAL (46%) | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 14 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
Haedal Protocol currently trades at Rp294.53 with a market cap of Rp133.55M, showing bearish technical signals overall. The asset sits near its pivot point of Rp295, with immediate support at Rp286 and resistance at Rp306. With 46% of the 1M max supply in circulation and average hold time of 14 days, the token displays moderate distribution. No recent protocol updates or major ecosystem developments were identified.
The outlook remains cautious with bearish technical indicators outweighing neutral oscillators. Key opportunities include potential bounce from support levels, while risks include limited liquidity and the dominant bearish trend. Investors should monitor for protocol developments and increased trading volume to confirm any trend reversal.
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
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 →