Layer3 vs Merlin Chain — how do they compare? Layer3 trades at Rp88.93 (market cap Rp109,38M, Rp73,64M 24h volume), while Merlin Chain trades at Rp311 (market cap Rp407,89M, Rp50,87M 24h volume). The key difference: Merlin Chain is far larger — about 3.7× Layer3's market cap, and Layer3's circulating supply is 1,2B / 3,3B L3 (37%) versus 1,3B / 2,1B MERL (63%) for Merlin Chain. Which is the better fit depends on your goals — on Pluang, investors hold Layer3 for 8 Days and Merlin Chain for 9 Days on average.
| L3 | MERL | |
|---|---|---|
Market Cap | Rp109,38M | Rp407,89M |
Volume (24h) | Rp73,64M | Rp50,87M |
Circulating Supply | 1,2B / 3,3B L3 (37%) | 1,3B / 2,1B MERL (63%) |
Typical Hold Time | 8 Days | 9 Days |
Signals from Pluang's Aura AI — not financial advice
Layer3 (L3) is currently trading at Rp94.896 with a market cap of Rp116.15M, showing bearish technical signals across moving averages and overall market sentiment. The token trades near key support levels with neutral oscillators suggesting potential consolidation. With only 37% of the maximum 3.3M supply in circulation and an average hold time of 8 days, the asset shows moderate network participation but limited fundamental developments recently.
Overall outlook remains cautious with bearish technical indicators dominating. Key opportunities include the low circulating supply providing potential upside if adoption increases, while major risks include the strong sell signals from technical analysis and limited liquidity depth. Investors should monitor support levels at Rp90-94 for potential entry points while being aware of the prevailing bearish momentum.
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
Layer3 is a multi-utility token with a total supply of 3,333,333,333 tokens, designed to support a staking ecosystem with layered rewards and burn mechanisms. Users can stake L3 to earn passive income and unlock additional governance tokens (e.g., OP, ARB) through active participation. Burning L3 tokens grants access to the Layer3 network, allows for quest posting, and facilitates the use of CUBE credentials—unique identifiers for omnichain achievements. Burned tokens also provide perks across partner ecosystems, such as early access, fee discounts, exclusive NFTs, and more.
Read more on L3 →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 →