Merlin Chain vs Waves — how do they compare? Merlin Chain trades at Rp319.46 (market cap Rp431,89M, Rp24,16M 24h volume), while Waves trades at Rp3,521 (market cap Rp542,7M, Rp54,88M 24h volume). The key difference: Waves is the larger of the two by market cap, and Merlin Chain's supply is capped (1,4B / 2,1B MERL (65%)) while Waves's keeps growing. Which is the better fit depends on your goals — on Pluang, investors hold Merlin Chain for 10 Days and Waves for 74 Days on average.
| MERL | WAVES | |
|---|---|---|
Market Cap | Rp431,89M | Rp542,7M |
Volume (24h) | Rp24,16M | Rp54,88M |
Circulating Supply | 1,4B / 2,1B MERL (65%) | 133,5M WAVES |
Typical Hold Time | 10 Days | 74 Days |
What Pluang investors did over the last 30 days
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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 →Waves is a versatile blockchain platform that supports decentralized applications (DApps) and smart contracts. Launched in June 2016 after one of the earliest ICOs, Waves aimed to enhance speed, utility, and user-friendliness compared to earlier blockchain platforms. The platform has evolved with various updates and features over time. Its native token, WAVES, has an uncapped supply and is used for payments like block rewards.
Read more on WAVES →