Top Crypto Gainers March 25: Livepeer, Pendle & Merlin Chain Performance Insights

5 min read

Pendle

The crypto landscape is characterized by its relentless pace of innovation, with new projects consistently emerging and reshaping the market. One day, attention might be on meme coins, while the next, developments in AI-driven blockchain applications and enhanced decentralized finance (DeFi) strategies take the spotlight. Currently, notable cryptocurrencies such as Story, Livepeer, Pendle, and Merlin Chain are not only rising in value but are also redefining industry standards. These projects are innovating in areas like intellectual property monetization and novel on-chain earning methods, demonstrating that their successes extend beyond mere market speculation. As market dynamics change and adoption accelerates, it becomes evident that these tokens offer substantial value, making blockchain technology increasingly efficient and rewarding for creators, traders, and developers alike. Regardless of whether participants are drawn by potential profits or technological advancements, these initiatives represent the forefront of crypto evolution.

### Major Crypto Standouts Today – A Closer Look

The Story project is at the forefront of tokenizing intellectual property on a Layer 1 blockchain, granting creators the ability to maintain control over and monetize their creations. Livepeer is revolutionizing decentralized video streaming by incentivizing users to offer computing resources for video transcoding. Meanwhile, Pendle allows users to trade future yield tokens for immediate earnings, and Merlin Chain is enhancing Bitcoin’s capabilities through Layer 2 scalability solutions like ZK-Rollups. Let’s explore the reasons behind the recent successes of these cryptocurrencies.

### 1. Story (IP)

The Story Foundation has developed a Layer 1 blockchain aimed at tokenizing intellectual property (IP), turning it into a programmable asset in our increasingly AI-centric world. As the significance of digital content and AI-generated materials rises, Story offers a decentralized platform that enables creators and AI entities to own, trade, and monetize their work securely. The platform employs programmable licensing to ensure that all contributions are tracked and compensated via automated smart contracts, facilitating transparent royalty distributions and secure IP transactions without the need for intermediaries. By integrating blockchain with AI technologies, Story aims to create a more efficient and equitable system for managing digital assets in today’s economy. Currently, Story (IP) is priced at $6.233, reflecting a remarkable 11.09% increase in just 24 hours, a 12.88% rise over the past week, and an impressive 115% over three months, signaling robust market interest and promising long-term growth potential. Nevertheless, future performance will hinge on market conditions and demand.

The upcoming launch of the IP Portal Open Beta is highly anticipated, promising users an easy way to protect, license, and monetize their intellectual property online with a single click. This platform seeks to empower creators by providing them with total control over their digital assets, ensuring that their IP is protected and utilized according to their preferences. This innovation not only enhances digital ownership value but also simplifies IP management, making revenue generation more accessible for creators and businesses alike. As the need for digital rights solutions escalates, this launch positions Story as a significant player in the evolving intellectual property landscape.

### 2. Livepeer (LPT)

Livepeer operates as a decentralized video streaming network on the Ethereum blockchain, designed to reduce infrastructure costs for developers and creators. It serves as an open-source alternative to traditional streaming platforms, enabling users to share content without incurring excessive fees or facing limitations. Livepeer supports both Web2 and Web3 streaming solutions, making video sharing more accessible. The network relies on orchestrators who contribute computing power for video transcoding, rewarded in LPT tokens. Users can stake LPT to earn rewards as delegators or run nodes as orchestrators, which secures the network and encourages active participation, fostering a scalable and decentralized streaming environment. Currently, Livepeer (LPT) is valued at $5.849, having increased by 7.72% in the last 24 hours and 1.86% over the week. Its $62.48M trading volume indicates strong market engagement, while its 0.01% market dominance shows a small, but consistent presence. A notable spike in network fees paid to node operators last week indicates strong demand for AI-enhanced video processing.

Livepeer’s recent surge in value is attributed to a record high in network fees, suggesting rising interest in its AI-powered video processing capabilities, as more developers adopt its decentralized infrastructure. As the demand for Livepeer’s services grows, the network’s utility expands, bolstering its value proposition. This trend may lead to further growth, increasing earnings for node operators and ensuring long-term viability for the platform.

### 3. Meme Index (MEMEX)

Meme Index ($MEMEX) is innovating within the meme coin sector by addressing issues like portfolio fragmentation, trust deficits, and the lack of community involvement. Through curated baskets of meme coins, investors can diversify their holdings while benefiting from community-driven governance and secure, audited smart contracts. This structured approach makes meme coin investing more systematic and accessible, tapping into the vast $120 billion market.

Getting started with $MEMEX is straightforward. Investors need to establish a compatible wallet such as Metamask, fund it with cryptocurrency, and purchase $MEMEX tokens. Holders can choose from various meme coin baskets, ranging from stable options like DOGE and SHIB to higher-risk categories such as Moonshot, MidCap, and Frenzy. This flexibility allows investors to tailor their risk exposure while exploring the full potential of the meme coin market. The staking rewards for $MEMEX are significant, offering an annual percentage yield (APY) of 548%, making it an attractive investment. Staking is accessible both during the presale and post-launch, enabling holders to earn passive income while supporting the platform’s expansion. Currently, $MEMEX is priced at $0.0166883, with over $4.2 million raised in presale, indicating strong investor confidence. As the inaugural decentralized meme coin index, Meme Index redefines investing strategies for meme coin enthusiasts, providing a secure and diversified method to benefit from the meme coin phenomenon.

### 4. Pendle (PENDLE)

Pendle is a DeFi protocol that facilitates the trading of tokenized future yields via an automated market maker (AMM) system. This platform allows holders of yield-generating assets to either earn additional returns or access future yields upfront, while also enabling traders to engage with yield streams without possessing the underlying assets. Built upon established lending protocols like Aave and Compound, Pendle enhances DeFi opportunities by unlocking liquidity from yield-bearing assets. As more platforms integrate with Pendle, it aims to improve the efficiency and flexibility of decentralized yield trading. Currently, Pendle (PENDLE) is valued at $2.90, reflecting a 9.64% increase in the last 24 hours and a 26.90% rise over the past week, showcasing strong growth. Its trading volume of $102.38M and market capitalization of $473.56M indicate robust liquidity and investor interest, with a 0.02% market dominance, suggesting a small but expanding market presence.

Pendle Finance is further broadening its ecosystem with the introduction of PT-clisBNB-APR25 on the Venus Protocol. This maturity-based asset, set to unlock in April 2025, enables users to explore fixed-yield strategies while retaining exposure to Binance Launchpool rewards and HODLer airdrops. Additionally, users can earn staking yields without directly holding slisBNB. The availability of PT-clisBNB-APR25 as collateral on Venus allows DeFi participants to unlock liquidity, borrow against their holdings, and compound their earnings while securing a fixed APY. This advancement reinforces Pendle’s position as a leader in yield tokenization, offering innovative methods to optimize passive income within the BNB Chain ecosystem.

### 5. Merlin Chain (MERL)

Merlin Chain serves as a Layer 2 solution for Bitcoin, incorporating ZK-Rollups, decentralized oracles, data availability, and on-chain fraud-proof modules to bolster Bitcoin’s ecosystem. By utilizing zero-knowledge proofs for commitment verification and facilitating fraud-proof challenges, the network enhances security while maintaining efficiency and decentralization. Merlin Chain broadens Bitcoin Layer 1 innovation by supporting native assets, enabling fully on-chain decentralized applications (dApps), and facilitating community-driven asset launches. With compatibility with Ethereum Virtual Machine (EVM), Merlin Chain seeks to unlock Bitcoin’s full potential by integrating smart contract capabilities and connecting with the Ordinals ecosystem. Currently, Merlin Chain (MERL) is trading at $0.1234, having risen by 6.64% in the past 24 hours and by 18.63% over the last month, indicating strong market momentum. Its trading volume of $17.38M reflects healthy market activity and investor enthusiasm. The consistent price growth suggests increasing confidence in the project, and if trends continue, MERL may draw even more attention from investors.

Merlin Chain has also introduced Wizard 0.1, an AI-powered assistant designed to enhance user experience by simplifying navigation and engagement within the ecosystem. Acting as an intelligent guide, Wizard is set to help users more effectively explore Merlin Chain. Future updates will include real-time access to on-chain data and transaction execution capabilities. By incorporating AI-driven support, Merlin Chain aims to make its ecosystem more accessible and efficient, facilitating interaction with decentralized applications for both new and experienced users. This innovation not only boosts adoption potential but also positions Merlin Chain as a forward-thinking blockchain that prioritizes user engagement.