cryptonist

DeFi protocols

Merlins Seal

Data as of 3 October 2026 · Official site

Merlins Seal is a protocol DefiLlama files under Bridge, deployed on 4 chains. On 3 October 2026 it held $453.3M in total value locked, up 9.8% over 30 days, placing it 84th of 225 protocols in this set. TVL is deposits at current prices, not revenue and not users. The note below says what it leaves out.

Total value locked, over time

Total value locked, USD: $275.3M at the start of the series, $453.3M at the end. $0 $1.0B $2.0B $3.0B $4.0B $5.0B Feb 24Oct 24Jun 25Feb 26Oct 26
Total value locked, USD. Weekly points for the last two years, monthly before. Source: DefiLlama, retrieved 3 October 2026.

Among protocols

Total value locked by protocol, 225 tracked: top 24, and Merlins Seal at 84. Source: DefiLlama, 3 October 2026.
#ProtocolTotal value locked
1 Lido $26.4B
2 Aave V3 $18.1B
3 SSV Network $14.0B
4 LayerZero V2 $11.7B
5 Morpho Blue $11.3B
6 Binance staked ETH $10.0B
7 WBTC $9.9B
8 Coinbase Bridge $8.4B
9 Hyperliquid Bridge $7.1B
10 EigenCloud $7.0B
11 Sky Lending $5.9B
12 Binance Bitcoin $5.8B
13 SparkLend $5.5B
14 ether.fi Stake $5.2B
15 Ethena USDe $4.9B
16 JustLend V1 $3.9B
17 Arbitrum Bridge $3.7B
18 Babylon Protocol $3.4B
19 USDT0 $3.4B
20 JustLend sTRX $3.3B
21 Base Bridge $3.2B
22 Maple $3.0B
23 Polygon Bridge $2.9B
24 JustCryptos $2.8B
84 Merlins Seal $453.3M

See all 225 protocols

TVL by chain

TVL by chain, Merlins Seal, 3 October 2026. Source: DefiLlama.
ChainUSD
Bitcoin $453.3M

About Merlins Seal

Category: Bridge. Deployed on 4 chains. Listed by DefiLlama on 2024-02-09.

Merlin's Seal is an event associated with the Merlin Chain, focusing on the fair launch of its governance token, $MERL. Users stake assets to earn M-points, which are then used to determine the distribution of $MERL rewards (DefiLlama's listing text.)

Source: DefiLlama, retrieved 3 October 2026, under its open methodology. Figures are a dated snapshot, not a live feed.