Merlin Chain Alternatives: Similar L2 Protocols Compared

Merlin Chain carries a risk grade of C (43/100) and ranks #29 of 38 rated L2 protocols. Below are 37 L2 protocols ranked by safety — from safest to riskiest. 28 of these protocols score lower (safer) than Merlin Chain, and 9 score higher (riskier).

The single safest alternative is Xai (B, 24/100 — 19 points safer than Merlin Chain). See the Merlin Chain vs Xai comparison to weigh the tradeoffs.

Current Protocol

L2

Risk

C

Value

D-

TVL

$100M

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

XaiSafer

B

D-

$77,000

2

B

C+

$86M

3

B

D+

—

4

B

C-

$3.2B

5

Abstract ChainSafer

B-

C

$33M

6

CeloSafer

B-

D+

$200M

7

B-

C-

—

8

KintoSafer

B-

C

$672,000

9

Mode NetworkSafer

B-

D-

$6M

10

TaikoSafer

B-

C-

$4M

11

MezoSafer

B-

D

$20M

12

Astar NetworkSafer

B-

D-

$30M

13

BaseSafer

B-

C+

$2.8B

14

B-

D+

$7,000

15

Hemi NetworkSafer

B-

C-

$1M

16

Immutable XSafer

B-

D

$498,000

17

Corn NetworkSafer

C+

C

$100M

18

LineaSafer

C+

D+

$349M

19

C+

D+

$533M

20

C+

C-

$24,000

21

Aztec NetworkSafer

C+

D-

—

22

C+

C

$216M

23

C+

C+

$246,000

24

ZoraSafer

C+

C-

—

25

Manta NetworkSafer

C+

D-

$50M

26

C+

C+

$79M

27

C+

C

$198M

28

C+

B

$30M

29

C

C-

$59M

30

C

C

—

31

C

D-

$5M

32

C

D+

$100M

33

C

C-

$473M

34

C

D-

$50M

35

C

C+

$45M

36

BOB (Build on Bitcoin)

C

C

$180M

37

C

D-

—

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