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Enzyme Price
Enzyme price

Enzyme priceMLN

Listed
Buy
$3.64USD
+1.11%1D
The price of Enzyme (MLN) in United States Dollar is $3.64 USD.

Enzyme (MLN) has been listed on Bitget futures trading market, you can quickly long or short MLN. Trading Link: MLNUSDT.

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Enzyme/USD live price chart (MLN/USD)
Last updated as of 2026-02-08 13:10:04(UTC+0)

Enzyme market info

Price performance (24h)
24h
24h low $3.5524h high $3.68
All-time high (ATH):
$270.05
Price change (24h):
+1.11%
Price change (7D):
-6.46%
Price change (1Y):
-72.03%
Market ranking:
#905
Market cap:
$10,827,865.57
Fully diluted market cap:
$10,827,865.57
Volume (24h):
$4,024,724.03
Circulating supply:
2.98M MLN
Max supply:
--
Total supply:
2.98M MLN
Circulation rate:
99%
Contracts:
0xec67...7c91892(Ethereum)
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Links:
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Live Enzyme price today in USD

The live Enzyme price today is $3.64 USD, with a current market cap of $10.83M. The Enzyme price is up by 1.11% in the last 24 hours, and the 24-hour trading volume is $4.02M. The MLN/USD (Enzyme to USD) conversion rate is updated in real time.
How much is 1 Enzyme worth in United States Dollar?
As of now, the Enzyme (MLN) price in United States Dollar is valued at $3.64 USD. You can buy 1MLN for $3.64 now, you can buy 2.75 MLN for $10 now. In the last 24 hours, the highest MLN to USD price is $3.68 USD, and the lowest MLN to USD price is $3.55 USD.
AI analysis
Today's hot spots in the crypto market

The cryptocurrency market is currently navigating a period of significant turbulence, with February 8, 2026, marking a continuation of a broad downturn that has sent ripples across the digital asset landscape. Investor sentiment is dominated by 'Extreme Fear,' as major cryptocurrencies experience substantial price corrections.

Bitcoin's Significant Price Correction Sparks Market-Wide Concern

Bitcoin (BTC), the market's leading cryptocurrency, has seen a dramatic plunge, trading around $69,122 as of February 8, 2026. This comes after BTC breached the critical $70,000 psychological barrier, and even dipped below $65,000 on February 6, 2026. The initial sharp decline saw Bitcoin's price fall to $69,122, reflecting a 3.31% drop in just 24 hours. This downturn is not an isolated event but rather a wake-up call for investors, signaling heightened volatility and widespread panic selling. The total cryptocurrency market capitalization, which stood at a staggering $2.44 trillion, with Bitcoin alone accounting for 56.65% of that dominance, has been significantly impacted by these movements.

Analysts are pointing to several factors contributing to this market-wide sell-off. A broader retreat in speculative investments, influenced by the Federal Reserve's cautious stance on future interest rate reductions, has dampened market enthusiasm. Furthermore, fragile market liquidity is amplifying price swings, making the market more susceptible to significant movements. Some observers suggest that the very institutional adoption, once celebrated, might be contributing to a new set of market dynamics, highlighting metrics like the Coinbase premium, stablecoin market cap, and basis trade yields as underlying indicators. This period is being characterized by some as a "severe Crypto Winter transition."

Altcoins Bleed as Ethereum and XRP Face Declines

The bearish sentiment has not spared altcoins. Ethereum (ETH), the second-largest cryptocurrency by market cap, has also seen its value dip by 1.85% to $2,073.89. XRP experienced an even harder hit with a 4.53% decline. Many altcoins are reporting significant losses, with some experiencing drops of 25% to 30% or more over the past week, indicating a broad-based market correction.

Major Exchange Mishap Briefly Rattles South Korean Market

In a notable event, South Korean cryptocurrency exchange Bithumb issued an apology after accidentally transferring over $40 billion worth of Bitcoin to users. This error, which occurred on Friday, February 7, 2026, briefly triggered a selloff on the platform. Bithumb stated that it inadvertently sent 620,000 bitcoins and quickly blocked trading and withdrawals for the 695 affected users within 35 minutes. The exchange reported that 99.7% of the mistakenly sent bitcoins were recovered, and it committed to using its own assets to cover any remaining losses. The incident briefly caused "sharp volatility" in Bitcoin prices on the platform as some recipients engaged in panic selling.

Resilient Altcoins and Upcoming Industry Events

Despite the prevailing market downturn, a few altcoins are demonstrating resilience. Hyperliquid (HYPE) has notably risen by 30% since the beginning of the year, driven by the imminent launch of new products for crypto traders. Monero (XMR), a privacy-focused cryptocurrency, is also being watched for a potential recovery, benefiting from renewed interest in privacy coins.

The crypto community is also looking ahead to a series of significant industry conferences and events scheduled for February and throughout 2026. These include the Consensus Hong Kong (February 10-12), NFT Paris (February 5-6), Digital Assets Forum (February 5-6), and ETHDenver (February 17-21). These gatherings are crucial for discussing institutional adoption, regulatory developments, and technological breakthroughs, offering potential catalysts for future market sentiment and innovation.

While the market currently faces headwinds, the long-term outlook from some experts earlier in late 2025 predicted a bullish year for 2026, with Bitcoin, Ethereum, and Solana potentially reaching new all-time highs driven by sustained institutional demand and regulatory clarity. The present volatility underscores the dynamic and unpredictable nature of the cryptocurrency market, urging investors to remain vigilant and informed.

The AI-summarized content may not be fully accurate. Please verify the information from multiple sources. The above does not constitute investment advice.
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The following information is included:Enzyme price prediction, Enzyme project introduction, development history, and more. Keep reading to gain a deeper understanding of Enzyme.

Enzyme price prediction

When is a good time to buy MLN? Should I buy or sell MLN now?

When deciding whether to buy or sell MLN, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget MLN technical analysis can provide you with a reference for trading.
According to the MLN 4h technical analysis, the trading signal is Neutral.
According to the MLN 1d technical analysis, the trading signal is Strong sell.
According to the MLN 1w technical analysis, the trading signal is Sell.

About Enzyme (MLN)

What Is Enzyme?

Enzyme, formerly known as Melon Protocol, is an asset management protocol built on the Ethereum blockchain. Originating in July 2016 from Melonport AG, a company based in Zug, Switzerland, Enzyme represents a significant shift in the world of digital asset management. It was designed to democratize the field of asset management, traditionally dominated by professional financial advisors and firms. By leveraging the power of blockchain technology, Enzyme lowers the barriers to entry, making it possible for a broader range of investors to participate in asset management.

The rebranding from Melon Protocol to Enzyme signified a commitment to innovation, resilience, and a user-friendly approach. The platform's goal is to enable participants to create, manage, and invest in digital asset funds in an open, competitive, transparent, and decentralized manner. This approach not only simplifies the process of asset management but also injects a level of accessibility previously unseen in the traditional finance sector.

Resources

Official Documents: https://docs.enzyme.finance/

Official Website: https://enzyme.finance/

How Does Enzyme Work?

At its core, Enzyme's functionality is driven by smart contracts on the Ethereum blockchain, ensuring a high degree of automation and minimal human intervention. The platform's architecture is divided into two primary layers: the Fund Layer and the Infrastructure Layer. The Fund Layer is responsible for the creation and management of funds within the protocol. It consists of the Hub, which monitors Enzyme funds, and Spokes, which use smart contracts to define and provide services to these funds. This layer is where users interact with the Enzyme blockchain, utilizing tools for managing their funds or vaults.

The Infrastructure Layer, governed by the Enzyme Council DAO, is the backbone of the protocol. It includes essential contracts for asset price management, MLN to ETH conversions for computational payments, and more. This layer ensures the smooth operation of the entire blockchain and adheres to the rules set by the Enzyme Council. The Enzyme platform allows for the creation of various types of vaults, including public, private, and hybrid, catering to different investor needs and preferences.

What Is MLN Token?

MLN is the native cryptocurrency of the Enzyme platform. Its primary function is to serve as a compensation token for network participants, including developers and maintainers. The tokenomics of MLN involve a controlled inflationary model, where up to 300,600 new MLN tokens can be minted each year to fund protocol development and growth. This approach ensures that the ecosystem continues to evolve and improve over time.

MLN tokens are also used for paying asset management fees within the platform, including fund creation, investment requests, and asset redemption. Additionally, projects seeking integration with the Enzyme network require MLN tokens to enable necessary features. The token's value is intrinsically linked to its utility and the overall usage within the network, making it a vital component of the Enzyme ecosystem.

What Determines Enzyme’s Price?

The price of Enzyme (MLN), like any cryptocurrency, is influenced by a complex interplay of various factors, pivotal in the volatile and dynamic world of blockchain and digital assets. One of the primary determinants is market demand, which is significantly influenced by the utility and adoption of the Enzyme platform. As Enzyme facilitates decentralized asset management on the Ethereum blockchain, its attractiveness to investors, asset managers, and DeFi enthusiasts directly impacts MLN's demand. The more users and projects engage with Enzyme for managing digital assets, the higher the potential demand for MLN tokens. This demand is further fueled by the unique features of Enzyme, such as its ability to create and manage diverse investment strategies and its integration with leading DeFi projects, which can attract a broader user base and increase token utility.

Another critical factor in determining Enzyme's price is its tokenomics, a term that combines 'token' and 'economics.' The MLN token has a controlled inflationary model, where a fixed number of tokens are minted annually to support network development and growth. This approach to token supply can influence its scarcity and value. Furthermore, the activities of the Enzyme Council DAO, which governs the protocol, also play a significant role. Decisions regarding protocol upgrades, feature additions, and partnerships can significantly impact investor perception and confidence, thereby affecting the price. Additionally, broader market trends in the cryptocurrency sector, regulatory changes, and technological advancements in blockchain also contribute to the fluctuations in Enzyme's price, making it a dynamic asset in the ever-evolving crypto landscape.

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MLN/USD price calculator

MLN
USD
1 MLN = 3.64 USD. The current price of converting 1 Enzyme (MLN) to USD is 3.64. This rate is for reference only.
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MLN resources

Enzyme rating
4.4
102 ratings
Contracts:
0xec67...7c91892(Ethereum)
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Links:

What can you do with cryptos like Enzyme (MLN)?

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How do I buy Enzyme?

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How do I sell Enzyme?

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What is Enzyme and how does Enzyme work?

Enzyme is a popular cryptocurrency. As a peer-to-peer decentralized currency, anyone can store, send, and receive Enzyme without the need for centralized authority like banks, financial institutions, or other intermediaries.
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FAQ

What is the current price of Enzyme?

The live price of Enzyme is $3.64 per (MLN/USD) with a current market cap of $10,827,865.57 USD. Enzyme's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Enzyme's current price in real-time and its historical data is available on Bitget.

What is the 24 hour trading volume of Enzyme?

Over the last 24 hours, the trading volume of Enzyme is $4.02M.

What is the all-time high of Enzyme?

The all-time high of Enzyme is $270.05. This all-time high is highest price for Enzyme since it was launched.

Can I buy Enzyme on Bitget?

Yes, Enzyme is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy enzyme guide.

Can I get a steady income from investing in Enzyme?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Enzyme with the lowest fee?

Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders. You can trade on the Bitget exchange.

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Cryptocurrency investments, including buying Enzyme online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Enzyme, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Enzyme purchase. This page and any information included are not an endorsement of any particular cryptocurrency. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.
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