Merlin Chain Alternatives: Similar L2 Protocols Compared

Merlin Chain carries a risk grade of C+ (40/100) and ranks #27 of 41 rated L2 protocols. Below are 40 L2 protocols ranked by safety — from safest to riskiest. 26 of these protocols score lower (safer) than Merlin Chain, and 14 score higher (riskier).

The single safest alternative is Stacks (B, 21/100 — 19 points safer than Merlin Chain). See the Merlin Chain vs Stacks comparison to weigh the tradeoffs.

Current Protocol

L2

Risk

C+

Value

D-

TVL

$100M

Safety analysis →Investment analysis →

AlternativeRiskValueTVL

1

B

C+

$86M

2

B

C-

$3.2B

3

CeloSafer

B

D+

$200M

4

B

D+

—

5

XaiSafer

B

D-

$75,000

6

Abstract ChainSafer

B-

C

$22M

7

Astar NetworkSafer

B-

D-

$30M

8

B-

C-

—

9

KintoSafer

B-

C

$672,000

10

Lightning NetworkSafer

B-

B+

$283M

11

Mode NetworkSafer

B-

D-

$5M

12

Corn NetworkSafer

B-

C

$100M

13

MezoSafer

B-

D

$14M

14

B-

D+

$7,000

15

TaikoSafer

B-

C-

$20,000

16

BaseSafer

B-

C+

$2.8B

17

Hemi NetworkSafer

B-

C-

$617,000

18

Immutable XSafer

C+

D

$470,000

19

LineaSafer

C+

D+

$267M

20

C+

D+

$567M

21

ZoraSafer

C+

C-

—

22

Aztec NetworkSafer

C+

D-

—

23

Manta NetworkSafer

C+

D-

$50M

24

C+

C-

$24,000

25

C+

C

$142M

26

C+

D-

$50M

27

C+

C+

$180,000

28

C+

D-

$4M

29

C+

D+

$100M

30

C+

C+

$45M

31

C+

C-

$473M

32

C+

C

—

33

C+

C+

$13M

34

C+

C-

$6M

35

C+

C

$157M

36

C

C-

$51M

37

C

B

$3M

38

BOB (Build on Bitcoin)

C

C

$180M

39

C

C

$8M

40

C-

D-

—

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