Merkle Trade MKL

What MKL actually is on-chain

Merkle Trade is a contract-issued token at address 0x5ae6789dd2fec1a9ec9cccfb3acaf12e93d432f0a3a42c92fe1a9d490b7bbc06::mkl_token::mkl, recorded on aptoscan.com. We do not have a verified chain label for that explorer in our dataset, so we will not name the network here — check aptoscan.com directly and confirm the address matches before interacting with it.

For MKL the project publishes an active account as @Merkle_Trade. That is a partial paper trail — enough to check claims against, not enough to audit. None of it is a quality judgement about the asset; it is simply what can be independently checked before the chart is worth looking at.

Where MKL sits in the market

Merkle Trade sits at #1565, inside the middle of the small-cap band. Depth here is shallow enough that one large order walks the book several percent and the print mean-reverts within the same session — which is why a single fixed price level is a fragile trigger, and a condition that tolerates one wick is the more useful construction. Listings are concentrated across a small number of venues, so volume-driven delisting is an active risk here rather than a hypothetical one.

We are not currently receiving a live MKL order book from any of the exchanges connected to this site, so no real-time quote is shown above. That is itself information: it usually means the pair is unlisted on the venues we track, or trading has been halted.

MKL against its all-time high

Merkle Trade's record high is $0.4666, set on 2024-12-20. That high sits in a range where whole-cent and whole-unit levels are genuinely traded, which makes them usable as alert thresholds if a quote returns. It was set roughly 2 years ago, so it belongs to the current cycle but not to current conditions. We are not quoting a drawdown from it because no tracked venue is giving us a live MKL price — a stale or single-pool number would make that percentage look precise when it is not.

MKL across its historical range

The recorded range runs 42.0x, from $0.0111 to $0.4666 — wide by the standards of traditional assets, moderate for this one's class.

The record low of $0.0111 was printed on 2026-02-12 — about a year ago. We have no live quote to measure the current distance from it.

MKL supply and valuation data

Supply figures for MKL are self-reported at this rank rather than reconciled against the chain, so we publish the valuation we have and not a circulating-supply number we cannot check. What we do have is a fully diluted valuation of $6.0 million as of 2026-05-12. That is in the upper quartile of tracked assets by fully diluted value.

That valuation is a point-in-time snapshot, not a live figure, so we deliberately avoid dividing it back into a token count — the price has moved since, and the arithmetic would yield a precise-looking supply number that is simply wrong. Read the current supply from the project's own explorer before relying on any per-token valuation. The authoritative figure is the one aptoscan.com reports for this contract.

What kind of asset MKL is

Merkle Trade is a decentralised exchange token. The economics are unusually legible for crypto: the protocol generates fees from trading volume, and the token's value proposition rests on whether it captures any of them. Volume on the underlying venue, the fee switch status and competitive pressure from other venues are the variables that actually matter — and DEX volume is itself highly cyclical, so revenue is not a stable base.

CoinGecko files MKL under 4 categories, including Decentralized Finance (DeFi), Derivatives, Perpetuals, Aptos Ecosystem.

How to set a Merkle Trade alert that is worth receiving

Merkle Trade (MKL) — high dated 2024-12-20 — rank #1565. On this profile the condition that carries signal is a two-sided price threshold beyond the recent band plus a 4-hour or daily RSI condition.

Full alert-design method: thresholds, RSI/MACD and volume conditions →