Bybit has announced it will support the Merlin Chain (MERL) network upgrade scheduled for November 7, 2025, highlighting the platform’s commitment to network advancements.
The upgrade could boost MERL’s market presence, enhance Bitcoin-native protocol integrations, and strengthen overall security and scalability in the crypto ecosystem.
Bybit is supporting a Merlin Chain network upgrade scheduled for November 7, 2025. The Merlin Chain was founded by Jeff Yin and launched its mainnet in February 2024.
The upgrade leverages Zero-Knowledge (ZK) rollups for scalability and security, anchoring onto the Bitcoin base layer. Bybit has not released direct statements from its leadership regarding this upgrade.
MERL Token Utility and Governance to Evolve
The upgrade impacts utility and governance of the MERL token, potentially increasing transaction throughput for Bitcoin-native protocols.
Financial metrics reveal a $331.93M market cap for MERL, with a significant TVL growth post-mainnet launch. Historical trends indicate developer interest in Layer 2 solutions.
Historical Upgrades Boost Merlin Chain TVL
Previous upgrades of Merlin Chain, including mainnet and ZK-proof optimizations, resulted in TVL jumps. This historical growth provides a reference for the current upgrade’s potential impact.
Experts from Kanalcoin suggest that similar upgrades led to developer activity upticks, impacting network security and transaction efficiency. Historic trends suggest an optimistic outlook despite sectoral pressures.
Bybit’s support of the Merlin Chain upgrade signals growing institutional trust in Bitcoin L2 innovation.
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