Enzyme (MLN) — price, funding and open interest
MLN/USDT perpetual on Coinbase · Kraken: price 1.2892, 24h turnover $51K. Updated in real time.
What this is
Decentralised financeEnzyme (formerly Melon) is a fund constructor on-chain: a manager sets the rules, investors deposit, and a smart contract makes sure the money cannot be taken and the strategy stays within limits. The project has run since 2017 and outlived several fashion cycles. What this shows: the tool solves a real problem of trusting a manager, but demand for it is limited — most people want fast growth rather than a transparent fund. The coin is about 98% below its 2021 peak. Here it trades on BingX and Kraken spot.
Chart
Chart built from data of Kraken
What the data shows
MLN trades at 1.2892. Over 365 days it ranged between 1.2100 and 17.08; the price now sits in the lower third of that range — 0% of the way from the yearly low to the high.
24-hour turnover is $51K — the 1th percentile for the year: trading is quiet.
The daily range is 4.3% and five-minute NATR is 0.32%. That range is in the 21th percentile for the year — an ordinary day for it.
MLN correlation with Bitcoin over 24 hours is -0.25 — it goes its own way, barely looking at Bitcoin.
Traded on 2 venues: Coinbase, Kraken — the price is cross-checked across several sources.
Over the day -0.58%, over the hour +0.37%, over the last five minutes -0.05% — the pace is steady.
By turnover it ranks 1576 of 1901 instruments in the screener.
By daily range it ranks 1218 of 1901.
NATR is 0.17% on the minute and 0.93% on the hour — the move is even, without sharp excursions inside the hour.
Built from current numbers and the coin's own year of history. Updates with the data.
How MLN behaved before
Tracked since February 2021 — 66 full months. 28 of 66 closed higher, median month -5.4%.
In August the instrument rose 1 times out of 5, median -9.6%.
Best month — March 2021: +181.5%. Worst — May 2022: -46.6%.
Computed from our own minute history, month by month. The past promises nothing — but it shows what is ordinary for this instrument and what is not.
Our observations
KairoRight now MLN is within its usual range: volume, funding and open interest are all unremarkable.
Computed from our own minute history for this coin over a year. Percentile is the share of days the value was below today's. Description only, no forecasts.
What we noticed earlier
Similar instruments
From the same group — decentralised finance. They open the same way, with a chart and a breakdown.
Price and movement
Turnover and activity
How to read this
- Funding is a payment between longs and shorts. A positive rate means longs pay shorts: the market is crowded long.
- The rate rank shows how unusual that rate is for this particular coin: 97 means above 97% of the last month, a rare skew. Without the rank the bare number says nothing — every coin has its own normal.
- Open interest is the money sitting in positions that are still open. Rising alongside price means new money entering; rising while price falls means shorts building up.
- The OI rank is measured in contracts rather than dollars: otherwise it would drift up with price alone and claim a record where nothing changed.
- NATR shows how much a coin moves relative to its own price. High NATR with high turnover is where today's action is.