Merlins Seal

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Staking tokens via BitStable counts as TVL

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.

1. Feb 9, 2024
   Listed on DeFiLlama

Merlins Seal is a Bridge protocol that moves assets and messages between blockchains, locking value on the source chain and minting or releasing a representation on the destination. It is deployed across 4 chains, including Bitcoin, Ethereum, Arbitrum, Zkfair. No public audit reports are listed on DeFiLlama for this protocol.

Merlins Seal operates on 4 networks (Bitcoin, Ethereum, Arbitrum, Zkfair), keeping its surface area narrower than chain-agnostic peers. No public audit reports are linked from DeFiLlama for this protocol despite a non-trivial TVL — treat any deposit as carrying material smart-contract risk.

Verified external resources for Merlins Seal — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Merlins Seal is one of 7 Bridge protocols Mantapex tracks in this category. Direct peers ranked by total value locked include WBTC, Coinbase Bridge, Binance Bitcoin, and 3 more. These peer protocols collectively secure $30.4B in deposits, giving you a frame of reference for whether Merlins Seal's own TVL is at the top, middle, or tail of the category.

WBTC

TVL $8.7B · 24h +0.07%

Coinbase Bridge

TVL $5.4B · 24h +0.61%

Binance Bitcoin

TVL $5.1B · 24h +0.14%

Hyperliquid Bridge

TVL $4.5B · 24h +0.55%

USDT0

TVL $4.2B · 24h +1.96%

JustCryptos

TVL $2.4B · 24h +0.44%