Merlin Chain vs Orderly Network — how do they compare? Merlin Chain trades at Rp313.49 (market cap Rp422,5M, Rp22,43M 24h volume), while Orderly Network trades at Rp487.93 (market cap Rp194,61M, Rp38,6M 24h volume). The key difference: Merlin Chain is far larger — about 2.2× Orderly Network's market cap, and Merlin Chain's circulating supply is 1,4B / 2,1B MERL (65%) versus 400,3M / 1B ORDER (41%) for Orderly Network. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 10 Days and Orderly Network for 13 Days on average.
| MERL | ORDER | |
|---|---|---|
Market Cap | Rp422,5M | Rp194,61M |
Volume (24h) | Rp22,43M | Rp38,6M |
Circulating Supply | 1,4B / 2,1B MERL (65%) | 400,3M / 1B ORDER (41%) |
Typical Hold Time | 10 Days | 13 Days |
Signals from Pluang's Aura AI — not financial advice
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.
Orderly Network is currently trading at Rp498 with a market cap of Rp199.32 million, showing bearish technical signals with 15 sell signals versus 1 buy. The token trades near its pivot point of Rp498, with immediate support at Rp492 and resistance at Rp505. With only 41% of the maximum 1 million tokens in circulation and an average hold time of 13 days, the asset shows limited distribution but short-term holding patterns.
Overall outlook remains cautious due to strong bearish technical indicators and neutral oscillators. Key opportunities include potential bounce from support levels, while major risks involve low liquidity, high volatility, and the token's early circulation stage. Investors should monitor trading volume changes and network adoption developments closely.
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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 →Orderly is the infrastructure that enables people to trade anything, anywhere, through a permissionless liquidity layer. It provides deep, unified liquidity across all blockchains via a single order book. Orderly ensures strong liquidity on major chains, including Solana, Sonic, Arbitrum, Base, Mantle, Ethereum Mainnet, Optimism, and Polygon. It offers traders and exchanges access to over 100 markets through its unified trading infrastructure.
Read more on ORDER →