The Phoenix Group has revealed the leading cryptocurrency performers for November 16, 2024, with Sologenic ($SOLO) leading the pack with an impressive 200.5% price increase. The report highlights significant market movements and showcases a diverse range of tokens across major exchanges.
Sologenic Soars 200% as Clover, Altura, and Altcoins Shine Sologenic ($SOLO) dominated the daily gainer chart, soaring by 200.5% to a current price of $0.30 and a market capitalization of $132.1 million. This explosive growth was primarily driven by increased trading volumes on Binance, suggesting heightened investor interest and a potential catalyst for further gains.
Clover Finance ($CLV) recorded the second-highest gain of the day with an 85.3% price increase, pushing its current value to $0.072 and a market cap of $71.6 million. Altura ($ALU) came in third, surging by 54.3% to a price of $0.051 and a market cap of $50.4 million. Both tokens saw significant trading activity on centralized exchanges, indicating strong market sentiment.
According to the Phoenix group, Other notable gainers include Usual ($USUAL), which climbed by 51.7% to reach a price of $0.51 with a market cap of $253.2 million, and OM ($OM) from the Mantra network, which rose by 41.9% to $2.29. The Flare Network’s $FLR token also posted a notable gain of 34.7%, driven by growing adoption and network activity.
DeAI, Algorand Lead as XRP, Hedera Rally and Exchanges Boost Volumes DeAI ($DEAI), a token associated with Zero1 Labs, advanced by 31.4%, while Algorand ($ALGO) gained 31.1% to a price of $0.70, backed by positive ecosystem developments and partnerships. Both tokens demonstrated strong resilience in a volatile market, capturing investor attention.
XRP ($XRP) and Hedera ($HBAR) rounded out the top gainers, posting increases of 26.7% and 26.0%, respectively. XRP’s rally to $1.02 and Hedera’s rise to $0.086 were underpinned by positive sentiment surrounding their institutional adoption and use case expansions. With a market cap of $58.2 billion, XRP remains one of the most influential assets in the crypto space.
All of the top-performing tokens are listed on leading exchanges such as Binance, OKX, and Gate.io, underscoring the importance of liquidity and accessibility in driving price movements. The high trading activity on these platforms reflects strong retail and institutional participation.
The gains across these cryptocurrencies signal growing confidence in the broader crypto market despite recent market challenges. The diverse range of projects gaining traction highlights the continued innovation and adoption across blockchain ecosystems.
Investors and market participants will be watching these assets closely as they attempt to sustain their upward momentum in the coming days. However, as with all markets, caution is advised, given cryptocurrencies’ inherent volatility.
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Kester is an experienced freelance content writer. His focus is primarily on blockchain technology and cryptocurrency. One might even refer to him as a "blockchain enthusiast." He has been following advancements in the crypto and blockchain area for several years, researching and writing his insights in the media. In addition to being a skilled content writer, Mushumir is also knowledgeable in SEO and digital marketing. He aspires to succeed as a content creator in the digital realm, dealing with customers in the finance and tech industries to generate traffic through engaging taglines and content. Mushumir enjoys traveling, reading, and playing cricket when he is not writing. He now works as a news and article writer for BlockchainReporter.
PANews reported on December 1st that, according to Decrypt, on-chain yield platform Altura has completed a $4 million funding round, led by Ascension, with participation from European private equity firms Moonfare and InnoFinCon. The platform aims to provide transparent, risk-controlled, and stable on-chain returns for ordinary users and institutions through professional quantitative strategies.
Altura employs a single-chain vault structure and generates returns through market-neutral strategies such as capturing cross-exchange price spreads, obtaining funding rates for hedging positions, and allocating interest-bearing assets, aiming to achieve an annualized return of 20%-30% in normal markets.
On December 1, on-chain yield platform Altura closed a $4 million funding round, per Decrypt. The round was led by Ascension, with participation from European private equity leader Moonfare, InnoFinCon, and other investors. Altura runs a single on-chain vault that uses a market-neutral strategy to generate stable yields. Users deposit stablecoins, and the vault drives protocol revenue via strategies including capturing exchange spreads, earning funding fees through position hedging, and rotating collateral into low-risk yield-bearing assets.
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Altura has officially launched its Mainnet, with a flagship Vault and made it operational at 3PM UTC. The launch is also a landmark to the protocol because it presents a base 20% APY that will be sustainable under varying market conditions. A long-term performance and transparent implementation make the strategy of Altura contrast with the short-term incentives-oriented yield models.
Addressing DeFi’s Sustainability Challenge The majority of the yield provided throughout DeFi currently is dependent on the emissions or temporary incentives that dissipate once market conditions change. With token rewards exhausted or strategies crashing, advertised APYs tend to fall apart, placing users in the dark. Altura provides its Vault as a solution to this ongoing problem whereby yield generation has been designed to do well irrespective of whether the markets are bullish, bearish, or sideways.
The Vault itself is built based on a range of institutional-quality strategies which execute on-chain in a transparent manner. The purpose of this structure is to eliminate the use of non-sustainable incentives and offer steady returns with verifiable activity.
Transition From Pre-Deposit to Live Vault Altura provided a pre-deposit period before the start of the mainnet to quell initial capital and enable the ecosystem. Those that invested initially were given preAVLT tokens, an initial vault share, and Nest Points as a result of Nest Boxs.
PreAVLT tokens have been implemented with the Vault functioning, and it transforms one-to-one into AVLT, the official vault share token. Nest Points are automatically converted to Altura Points which are a component of the overall rewards system of protocol. AVLT is proportional ownership of the Vault, and it starts to accrue yield upon claim and continues to do so automatically, without its holder needing to take any manual action.
How Altura Generates Sustainable Yield The yield model of Altura is based on a diversified portfolio of on-chain strategies that are expected to work in various market conditions. These are market-neutral trading and funding approaches that accumulate pricing inefficiency, as well as staking and restaking yields obtained by underpinning established networks and charges obtained through on-chain liquidity supply.
The Vault does not rely on any single strategy since it incorporates several independent sources of returns. In case of underperformance of one source, the others would carry on with yield. Notably, the interest rate earned on the Vault goes straight to depositors, and there is no inflation-related emission of artificial returns.
Return is automatically compounded by increasing the price per share of the Vault and compounding user positions. All balances, asset flows, strategy execution, and updates in PPS are verifiable, on-chain.
The Altura Points System Explained Along with the base yield, Altura is launching the Altura Points system, which is a layer of rewards that is expected to make it worthwhile to contribute over the long term instead of a speculative investment. The number of points earned depends on the size of the capital deposited and time in the Vault, which is more convenient and persuasive.
Weekly distribution of points is done during the pre-TGE phase. There are also other sources of earnings such as the referral system or the Cookie Leaderboard which compensates users due to their contribution to the visibility and activity of Altura on X.
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With over five years of experience in crypto, blockchain, and tech content, Ishtiyaq makes complex topics easy to understand. He simplifies blockchain and digital currency concepts for a wide audience, ensuring that beginners and experts alike can grasp key ideas. His clear and engaging writing helps readers stay informed about the latest trends, developments, and innovations in the crypto space. Whether explaining blockchain technology, digital assets, or DeFi, Ishtiyaq breaks down complicated ideas into simple, digestible content. His goal is to help people navigate the fast-changing world of cryptocurrency with confidence, clarity, and a deeper understanding.
On March 4, Decrypt reported that Bitcoin’s ongoing rally pushed it above $71,000 for the first time in three weeks. Still, its upward momentum hinges on the broader liquidity environment and geopolitical risks. Altura co-founder and CEO Ranveer Arora noted: “ETF inflows keep providing structural buying support, but more direct drivers appear to be position adjustments, reduced post-halving supply elasticity, and improved liquidity expectations. In crypto, once selling pressure eases and positions rotate, leverage and derivative flows often speed up price discovery.” Arora added Bitcoin’s trend remains tightly linked to global liquidity—calling it a “high-beta proxy for global liquidity, not a traditional defensive asset.” LetsExchange Chief Product Officer Alex J. said Bitcoin’s climb to $71,000 was “largely fueled by rising geopolitical tensions and growing uncertainty.” When asked if the rebound will last, Alex J. replied: “Unlikely—but we don’t expect a sharp drop either.” He explained that when global financial markets face severe turbulence and disrupt cross-asset liquidity flows, Bitcoin can’t compete with safe-havens like gold.
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Altura, a decentralized finance protocol founded by former Fidelity and PwC staff is launching an onchain gold arbitrage strategy aimed at retail investors, targeting 20% annualized returns, according to a Thursday release shared with Cointelegraph.
According to Altura, the product pools user deposits into a vault that recycles capital through short-duration physical gold trades. Unlike platforms like Robinhood or Revolut that offer passive gold price exposure, Altura claims to be tokenizing the underlying arbitrage process itself.
The company says it has raised $4 million in funding and has already facilitated the movement of about 185 kilograms of gold, representing roughly $28.5 million in cumulative transaction volume, per the release.
Matthew Pinnock, co-founder and chief operating officer of Altura, told Cointelegraph the goal is to “bring an institutional-style gold strategy onchain in a way that retail investors can actually access.”
The launch comes as spot gold trades near record levels after surging to an all-time high above $5,300 an ounce in January, though it has since pulled back sharply. Altura’s launch points to a new phase in tokenized real-world assets, where projects are no longer just offering passive exposure to commodities but are trying to package institutional trading strategies as onchain DeFi yield products for retail users.
A strategy typically reserved for institutional tradersPinnock said Altura’s “revenue-generating trading strategy” was historically used by institutional commodities desks, and that high capital requirements, legal complexity and counterparty risk in traditional bullion arbitrage have effectively kept smaller investors out of this type of trade.
Gold price over the last 12 months. Source: Trading Economics
Gold purchased on behalf of Altura by its trading partner Inessa is tokenized at acquisition, Pinnock said, with those tokens escrowed through each trade and custody transitions recorded via dual cryptographic signatures. Depositors do not hold direct title to bullion but gain exposure to returns generated by the trade flow, he added.
Altura’s setup depends on a network of offchain actors. The company says it is working with Aurellion Labs and Inessa, which in turn partners with air-cargo specialist Zeal Global, to execute and verify trades.
On the targeted 20% yields, Pinnock said the strategy is structured to be “close to delta-neutral,” with trade terms agreed before logistics execution begins so that returns come from price discrepancies between counterparties rather than directional bets on the gold price.
Each arbitrage cycle typically completes within one to two days, allowing capital to be recycled multiple times and limiting exposure to spot moves, he said, while acknowledging that yields would compress if pricing inefficiencies narrow.
Rising interest in real-world yieldsThe launch comes amid rising interest in “real-world” DeFi yields, as tokenized asset and RWA protocols grew to roughly $17 billion in total value locked in December 2025, according to DefiLlama data.
However, a joint report by RWA.io and Veritas Protocol in that same month found that losses from onchain operational failures in tokenized RWA markets rose to $14.6 million in the first half of 2025, a 143% increase from the previous year, highlighting how complex offchain structures can still translate into user losses.
Magazine: Bitcoin’s ‘biggest bull catalyst’ would be Saylor’s liquidation — Santiment founder
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
London, United Kingdom, April 29th, 2026, Chainwire
Altura, the institutional yield strategies vault built on HyperEVM and led by an ex-Fidelity and PwC team, today announced the launch of an AVLT / USDT0 lending market on Morpho.
The integration marks the first time AVLT vault shares can be used directly as collateral to borrow stablecoins within a permissionless lending protocol, allowing holders to access USDT0 liquidity without exiting their yield position.
"AVLT was designed to put institutional yield strategies within reach of every investor. This integration with Morpho takes that a step further -- holders can now borrow against their position without sacrificing the yield working underneath it. That is a level of capital efficiency that simply did not exist for this type of asset before,” said Ranveer Arora - Co-Founder & CEO at Altura DeFi.
Indicative rates at launch are approximately 12.25% APY for lending and approximately 14.25% on borrowing.
AVLT as productive collateralThe Morpho integration changes the role AVLT plays in DeFi. Until now, holders generated yield passively by holding vault shares. With this market open, AVLT becomes collateral inside a permissionless lending venue, enabling holders to borrow USDT0 against their position while the underlying vault strategies continue to compound. Capital that was previously locked in yield generation can now be deployed elsewhere without the holder redeeming their Altura position.
Morpho's permissionless architecture supports isolated markets with custom risk parameters, making it particularly suited to structured asset classes like AVLT.
Unlocking Liquidity From Yield Positions Altura is a multi-strategy yield protocol designed to deliver sustainable, blue-chip grade returns through a single unified vault. Users deposit USDC or USDT from HyperEVM, Ethereum, Polygon, Arbitrum, Optimism, and receive AVLT, the protocol's yield-bearing vault share token.
Yield accrues automatically via a rising price-per-share model, meaning holders do not need to claim or manage positions manually.
The protocol allocates capital across a diversified set of non-directional and asset-backed trading strategies, including market making, funding rate and basis arbitrage, staking yield capture, structured liquidity provision and gold RWA strategy.
A distinctive component to Altura is a real-world asset strategy, which generates returns through short-cycle physical gold arbitrage facilitated by its trading partners. A mechanism that was historically used by institutional commodities desks but had been effectively closed to smaller investors due to high capital requirements and counterparty complexity.
The architecture emphasises institutional-grade yield generation with layered security measures. Rather than relying on inflationary token emissions; Altura’s framework relies on real economic activities that are publicly accessible via their dashboard. Through this open transparency, the protocol has completed six independent security audits across Adevar Labs, Omniscia, and Sherlock.
About Altura:
Altura is a multi-strategy DeFi yield protocol built on multiple EVM chains, designed to give users access to institutional-grade trading strategies through a single on-chain vault. Users deposit stablecoins and receive vault shares representing proportional ownership, while the protocol automatically deploys capital across diversified, market-neutral strategies including arbitrage, funding rate capture, market making, and real-world asset trading. Yield is reflected through a price-per-share model, allowing returns to accrue transparently as underlying strategies generate revenue.
The protocol is built around transparency and capital efficiency, with all fund movements, strategy activity, and balances verifiable on-chain. Rather than relying on token emissions or speculative exposure, the company sources yield from real economic activity such as market inefficiencies, liquidity provision, and asset-backed trading, including gold arbitrage. By abstracting execution while maintaining visibility, the team aims to provide a passive, auditable way for users to access diversified yield strategies typically reserved for institutional participants.
About Morpho:
Morpho is a decentralized lending protocol with different entities and individuals contributing to its development and adoption. As a result, the documentation refers to different areas of “Morpho” which are worth distinguishing.
London, United Kingdom, April 29th, 2026, Chainwire
Altura, the institutional yield strategies vault built on HyperEVM and led by an ex-Fidelity and PwC team, today announced the launch of an AVLT / USDT0 lending market on Morpho.
The integration marks the first time AVLT vault shares can be used directly as collateral to borrow stablecoins within a permissionless lending protocol, allowing holders to access USDT0 liquidity without exiting their yield position.
“AVLT was designed to put institutional yield strategies within reach of every investor. This integration with Morpho takes that a step further — holders can now borrow against their position without sacrificing the yield working underneath it. That is a level of capital efficiency that simply did not exist for this type of asset before,” said Ranveer Arora – Co-Founder & CEO at Altura DeFi.
Indicative rates at launch are approximately 12.25% APY for lending and approximately 14.25% on borrowing.
AVLT as productive collateral The Morpho integration changes the role AVLT plays in DeFi. Until now, holders generated yield passively by holding vault shares. With this market open, AVLT becomes collateral inside a permissionless lending venue, enabling holders to borrow USDT0 against their position while the underlying vault strategies continue to compound. Capital that was previously locked in yield generation can now be deployed elsewhere without the holder redeeming their Altura position.
Morpho’s permissionless architecture supports isolated markets with custom risk parameters, making it particularly suited to structured asset classes like AVLT.
Unlocking Liquidity From Yield Positions Altura is a multi-strategy yield protocol designed to deliver sustainable, blue-chip grade returns through a single unified vault. Users deposit USDC or USDT from HyperEVM, Ethereum, Polygon, Arbitrum, Optimism, and receive AVLT, the protocol’s yield-bearing vault share token.
Yield accrues automatically via a rising price-per-share model, meaning holders do not need to claim or manage positions manually.
The protocol allocates capital across a diversified set of non-directional and asset-backed trading strategies, including market making, funding rate and basis arbitrage, staking yield capture, structured liquidity provision and gold RWA strategy.
A distinctive component to Altura is a real-world asset strategy, which generates returns through short-cycle physical gold arbitrage facilitated by its trading partners. A mechanism that was historically used by institutional commodities desks but had been effectively closed to smaller investors due to high capital requirements and counterparty complexity.
The architecture emphasises institutional-grade yield generation with layered security measures. Rather than relying on inflationary token emissions; Altura’s framework relies on real economic activities that are publicly accessible via their dashboard. Through this open transparency, the protocol has completed six independent security audits across Adevar Labs, Omniscia, and Sherlock.
About Altura:
Altura is a multi-strategy DeFi yield protocol built on multiple EVM chains, designed to give users access to institutional-grade trading strategies through a single on-chain vault. Users deposit stablecoins and receive vault shares representing proportional ownership, while the protocol automatically deploys capital across diversified, market-neutral strategies including arbitrage, funding rate capture, market making, and real-world asset trading. Yield is reflected through a price-per-share model, allowing returns to accrue transparently as underlying strategies generate revenue.
The protocol is built around transparency and capital efficiency, with all fund movements, strategy activity, and balances verifiable on-chain. Rather than relying on token emissions or speculative exposure, the company sources yield from real economic activity such as market inefficiencies, liquidity provision, and asset-backed trading, including gold arbitrage. By abstracting execution while maintaining visibility, the team aims to provide a passive, auditable way for users to access diversified yield strategies typically reserved for institutional participants.
About Morpho:
Morpho is a decentralized lending protocol with different entities and individuals contributing to its development and adoption. As a result, the documentation refers to different areas of “Morpho” which are worth distinguishing.
A third-party provider failure caused Revolut’s app to show wildly inaccurate crypto prices on Friday, the company confirmed, after users flooded social media with screenshots of Bitcoin listed at just 2 cents.
Third-Party Provider Blamed For Pricing Chaos Revolut acknowledged the problem in a public statement, saying engineers were working on a fix and urging customers to check its status page for updates.
Hi. We want to help resolve the issues you’re facing with the Bitcoin price notification. We’re currently experiencing issues affecting some of the app’s functionalities. Please be assured that our colleagues are working on this as we speak. Please keep an eye on our status page…
— Revolut Support (@revolutsupport) May 8, 2026
A company spokesperson later confirmed the disruption had been resolved, attributing it to a service failure at an unnamed external pricing provider.
The company said it was still evaluating the full details of what went wrong.
UPDATE: It wasn’t just Bitcoin.
Multiple coins on Revolut appeared to flash-crash/glitch at the same time.
Looks like a pricing/chart glitch — but for a few seconds, everyone thought they discovered the biggest crypto discount of all time.#Crypto #Bitcoin #Revolut pic.twitter.com/fIelIbAOor
— Dave Flowman (@_btcd) May 8, 2026
The glitch wasn’t limited to Bitcoin. Users reported seeing simultaneous price drops across XRP, Solana, and even stablecoins like USDT and USDC — assets designed to hold steady at one dollar.
Screenshots shared on X and Reddit showed Bitcoin’s 24-hour chart registering a roughly 50% intraday plunge, with the price briefly anchoring near $39,900 before snapping back.
Some users also received push notifications warning that BTC had hit a 52-week low of 2 cents.
According to Revolut, The price of Bitcoin has just dropped to $0.02
I guess its time to buy! 😂 pic.twitter.com/YIbwBGrkeT
— That Martini Guy ₿ (@MartiniGuyYT) May 8, 2026
No Matching Moves On Any Other Platform Pricing data on major aggregators showed nothing unusual during the same window. Bitcoin’s price on CoinMarketCap and CoinGecko held steady, with no sign of any crash in derivatives markets either. The anomaly appeared entirely contained within Revolut’s app.
Ranveer Arora, a former PwC quantitative trading lead and co-founder of Altura.trade, told reporters two explanations are in play.
The first is a corrupt data tick pushed through Revolut’s pricing system — a single bad data point that briefly anchored the chart before being corrected.
Bitcoin is now trading at $80,625. Chart: TradingView Because Revolut is not an exchange and pulls prices from outside providers, one faulty input can be enough to produce exactly this kind of chart distortion.
The second possibility is a transient liquidity gap. Revolut’s order book is shallower than what you’d find on a full exchange, so a large sell order could theoretically exhaust available bids and print a sharp downward wick before prices recover.
Arora noted, however, that the lack of matching prints on any other platform makes the data feed explanation more likely.
Why Retail Apps Face Unique Data Risks Marc Tillement, director of blockchain price oracle Pyth Data Association, said the episode shows how quickly a single bad data point can distort price perception — particularly in retail-facing systems where users may not think to cross-check what they’re seeing.
Tillement said that as markets grow more data-dependent, the reliability of pricing infrastructure becomes central to how much traders can trust what’s in front of them.
Transparent, verifiable data layers, he argued, are what separate a glitch from a crisis.
Featured image from Pixabay, chart from TradingView
50% of total deposits routed into Altura are cross-chain; Altura's vault lives on HyperEVM. Its depositors do not.
That creates a distribution problem:
How do you make a single-chain vault accessible from every chain where users already hold capital?That mismatch determines whether a vault can only absorb deposits from its native chain or pull capital from every chain its users already sit on. Altura solved it by plugging into Enso. The result is a single-chain yield product that behaves like a multi-chain TVL magnet, with $20M in routed deposits to show for it.
“Most stablecoin holders aren't on HyperEVM. Working with Enso lets us reach them where they already are, without asking them to bridge first." — Louie Rice, AlturaThis case study is for web3 wallets, vault managers, asset managers, and liquidity providers asking the same question Altura asked: How do I make my vault depositable from everywhere capital already exists, without writing bridge code, signing distribution deals one-by-one, or rebuilding execution infrastructure for every origin chain?
The OpportunityAltura is a multi-strategy yield issuer on HyperEVM. The vault is the product, capital comes in, Altura dynamically allocates it across yield strategies, and depositors hold a single position on a single chain.
The challenge for any yield issuer is distribution.
A vault deployed on one chain is naturally limited to users already on that chain, unless someone builds the execution layer that connects external capital to the product.
Capture TVL from any chainEvery step of friction between a holder's existing balance and the deposit is TVL the vault never sees. For an Earn product to grow, the work between "I want yield" and "I'm earning yield" has to disappear.
For the depositor, the only remaining question should be:
How much do I want to deposit?The ChallengeA user with USDC on Ethereum cannot directly deposit into a HyperEVM-native vault. In practice, the path is five steps:
1. Bridge assets from Ethereum to HyperEVM.
2. Convert into the supported vault deposit asset.
3. Mint Altura vault shares on HyperEVM.
4. Bridge the resulting position back to the origin chain.
5. Track exposure across chains.
Every step is a place the deposit can fail, stall, or be abandoned. Altura needed full-path execution, not just routing. At this point, Altura had an access problem: the capital it wanted to attract was spread across chains, while the vault lived on HyperEVM.
The SolutionAltura uses Enso Earn to power cross-chain minting end-to-end.
Enso handles the round-trip path as one coordinated operation:
Recursive Bridging with EnsoEnso routes the bridging, executes the mint on HyperEVM, settles the position back to the user's origin chain, and accounts for the cross-chain state along the way.
The user signs once on the chain where they already hold capital. They get a settled position. Altura gets a vault deposit through its native HyperEVM environment. Neither side has to manage the cross-chain plumbing directly; Enso coordinates it.
Enso as Distribution InfrastructureAltura's own frontend is the only deposit surface, but now every wallet, asset allocator, embedded-finance app, or liquidity provider can also serve as a distribution channel for Altura's vault.
Wallets, yield aggregators, incentive platforms, embedded-finance products, allocator interfaces, and other DeFi applications routing through.
Enso can all become deposit surfaces for Altura. For a vault issuer, this means:
- TVL from distribution surfaces you do not have to source.
- Depositors you would never have reached one-by-one.
- A network of inlets that grows every time Enso ships a new integration, without Altura doing the work.
Results- Altura reached $20M TVL, with half of those deposits being cross-chain.
- Origin chains include Ethereum, Arbitrum, Polygon, Optimism, and Base, capital that would otherwise be inaccessible to a HyperEVM-native vault.
- Zero failed deposit flows across tracked Enso-routed executions.
“What matters to us is that the deposit just works. A cross-chain flow that fails halfway is the fastest way to lose someone's trust, so we needed an execution layer we can rely on every time." — Louie Rice, AlturaStrategic TakeawayThe next generation of Earn products will compete on distribution.
By plugging into Enso, Altura turns a single-chain vault into a chain-agnostic yield product that can continuously source deposits from wherever user capital already exists.
That means:
- More reachable TVL.
- More deposit surfaces.
- More distribution without additional integration overhead.
Altura's frontend is only one entry point.
Wallets, DeFi yield platforms, embedded-finance apps, allocator interfaces, incentive systems, and other third-party products integrated with Enso can also route deposits into Altura through Enso Earn.
Every new Enso integration becomes another potential capital inlet for the vault.
Instead of sourcing deposits chain-by-chain and integration-by-integration, issuers can plug into a shared execution and distribution layer that continuously expands, from which deposits can originate.
And because Altura's vault shares are chain agnostic, additional DeFi markets can be deployed wherever demand exists, whether through Pendle markets, Morpho vaults, lending integrations, or other liquidity venues across chains.
Issuing a vault, structured product, or earn strategy?
Talk to Enso BD about plugging into our distribution network: @lindyhan Building the integration?
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PANews, June 22 — Ranveer Arora, CEO of the on-chain yield platform Altura, posted on X stating that the platform has received an unprecedented number of withdrawal requests over the past 24 hours and has successfully processed over 8.5 million USDT in instant redemptions. Given the sustained withdrawal demand and current market sentiment, the team has decided to begin an orderly wind-down of the Altura vaults, prioritizing the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner. The team has notified all counterparties and partners and has begun closing positions in the investment portfolio. Arora stated that some positions can be redeemed immediately, while others require standard settlement and redemption periods, and the team is working with all counterparties to accelerate the process.
One day before this post was published, Altura issued a statement regarding the Mainstreet (MSY) depegging incident, clarifying that it has never had any exposure to Mainstreet or any of its underlying investment strategies, and that its HyperEVM lending vaults, related markets, and Ethereum vaults remain unaffected.
On June 22, Altura CEO Ranveer took to X (the social media platform) to announce that Altura has faced an unprecedented surge in redemption requests over the past 24 hours, with the platform already processing more than $8.5 million in instant USDT redemptions. Due to sustained redemption demand and prevailing market conditions, Altura has decided to launch an orderly liquidation of its treasury — a move aimed at prioritizing user fund security while ensuring all redemptions are completed fairly, transparently, and efficiently. The platform has notified all counterparties and partners of this decision, and has started unwinding positions across its investment portfolio, including holdings on exchanges, private credit opportunities, and real-world asset strategies. Some positions are eligible for immediate redemption, while others will follow standard settlement and redemption timelines. Altura is collaborating closely with all counterparties to speed up the process as much as possible. Ranveer noted the liquidation is proceeding smoothly and in an orderly fashion, with funds being returned to users incrementally as underlying positions are redeemed. The team will work through the weekend to continue processing redemption requests and stay in touch with partners and users.
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Altura, a DeFi yield protocol on HyperEVM, is pulling the plug on its primary USDT vault after processing more than $8.5M in redemptions within a single day. The vault, which had peaked at $39M in total value locked, became collateral damage in a panic that started somewhere else entirely.
The wind-down, announced on June 21 by CEO Ranveer Arora, is being framed as a protective measure. The goal: ensure every user gets their money back in an orderly fashion rather than letting a bank-run dynamic play out in real time.
What actually happened Main Street’s msUSD stablecoin lost more than 70% of its peg after its proof-of-solvency provider, a firm called Accountable, abruptly ceased operations on June 20-21. That collapse sent shockwaves through any protocol even loosely associated with the same infrastructure.
Altura shares Accountable as a solvency verification provider but had zero direct exposure to msUSD itself.
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Users began pulling funds almost immediately. Over $8.5M in USDT was redeemed within 24 hours, enough to force Arora’s hand. Rather than watch the vault drain under chaotic conditions, the protocol chose to initiate a structured wind-down, contacting counterparties and partners to begin unwinding positions across exchanges and other assets.
How Altura’s vault worked Altura’s vault architecture follows the ERC-4626 standard, a tokenized vault design that’s become a common template in DeFi. Users deposit USDT and receive vault shares representing their proportional claim on the pool.
The protocol then deploys those deposits across several yield-generating strategies: funding-rate arbitrage, market making, and real-world asset (RWA) allocations.
Withdrawals operated on a dual-path system. Users could pull funds instantly for a 0.1% fee, or opt for an epoch-based withdrawal at 0% cost. When $8.5M exits in a day from a $39M vault, you’ve lost roughly 22% of your TVL overnight.
The Accountable domino effect Accountable served as a verification layer, the entity that could independently confirm whether a protocol’s reserves matched its liabilities. When Accountable stopped operating, every protocol that relied on it for credibility suddenly found itself without a receipt.
Main Street’s msUSD took the direct hit, losing over 70% of its value. Altura, despite having no financial connection to msUSD, was guilty by association.
Arora expressed frustration at what he characterized as misinformation driving the withdrawal surge.
What this means for investors Altura’s other products remain operational. The protocol’s HyperEVM lending vault and Ethereum vault offerings are reportedly unaffected by the USDT vault wind-down.
Investors evaluating DeFi yield products should now be asking: who verifies the verifier? If a protocol’s solvency assurance depends on a single external entity, the entire value proposition carries a single point of failure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Altura will begin winding down its stablecoin yield vault after a sharp rise in withdrawal requests over the weekend.
Summary
Altura processed more than 8.5m USDT in instant redemptions before announcing the stablecoin vault wind-down. Withdrawal pressure followed Main Street’s msUSD depeg, though Altura said it had no direct exposure. Some portfolio positions need standard settlement periods, so redemptions will continue as underlying capital returns. CEO Ranveer Arora said the protocol processed more than 8.5 million USDT in instant redemptions over 24 hours before deciding to close the vault in an orderly way.
Arora said the team made the move because of “sustained withdrawal demand and current market sentiment.” He added that Altura’s priority was user capital and that the team wanted all redemptions completed in a “fair, transparent, and efficient manner.” The announcement marks a sharp change for a vault built around stablecoin yield on HyperEVM.
Dear Users,
Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.
Given the sustained withdrawal demand and current market sentiment, we have made the…
— Ranveer (@ranveerar89) June 21, 2026 Altura stablecoin vault positions now being unwound Altura has notified counterparties and partners about the decision and started unwinding positions across the vault portfolio. Arora said those positions include allocations held on exchanges, private credit opportunities and real-world asset strategies.
Some positions can return capital quickly, while others need standard settlement and redemption periods. Arora said the team is working with counterparties to speed up the process where possible, and that capital will return to users as underlying positions are redeemed. He said the team will keep posting updates as more liquidity becomes available.
Main Street depeg fuels market concern The wind-down followed wider concern across yield-bearing stablecoin markets after Main Street’s MSUSD lost its peg. The token fell sharply after Accountable, its proof-of-solvency provider, ended its service agreement with MainStreet and said the project was “unable to meet our verification standards.”
MainStreet later said its assets remained fully backed and blamed the market stress on the shutdown of a third-party proof-of-reserves dashboard. As previously reported by crypto.news, MSUSD traded far below its intended $1 peg while lending liquidity on the Morpho msY/USDC market tightened.
Altura blames misinformation and speculation Altura said earlier that it had no direct exposure to Main Street or its strategies. It also said its HyperEVM lending vault, Alpha USDT Prime, the related USDT/AVLT market and borrowers using its Ethereum vault remained unaffected by the Main Street event.
We recently became aware of the depeg event affecting Mainstreet (MSY).
As Altura, we have never had any exposure to Mainstreet or any of its underlying investment strategies.
Our HyperEVM lending vault (Alpha USDT Prime), the associated USDT/AVLT market, and borrowers…
— Altura (@alturax) June 21, 2026 Arora said Altura had worked around the clock through the weekend to process withdrawals and speak with partners and users. He criticized what he called “misinformation and speculation,” saying unfounded narratives had added to market fear and withdrawal pressure.
Stablecoin vault risks return to focus DefiLlama data showed Altura with about $32.36 million in total value locked on Hyperliquid L1, with one tracked yield pool and an average APY near 17.49%. The vault had reached a peak total value locked of about $39 million on HyperEVM.
The case comes as demand for tokenized real-world asset and stablecoin yield products grows. Crypto.news recently reported that Plume and Ether.fi launched a $100 million yield-bearing RWA vault, while separate coverage of MSUSD showed how a proof-of-reserves dispute can quickly move into wider liquidity concerns.
Altura said it will keep giving updates as redemptions progress and new liquidity becomes available. For users, the main questions now are the speed of settlements, how much capital returns in each stage and whether the process can avoid rushed sales of slower portfolio positions. The protocol has not set a final completion date, leaving the redemption timeline tied to each position’s settlement terms.
Key Takeaways Altura has initiated the shutdown of its USDT stablecoin vault following more than $8.5 million in redemptions within a 24-hour period The vault’s total value locked had reached $39 million on HyperEVM prior to the mass withdrawal event Main Street’s msUSD stablecoin plummeted more than 70% from its peg following Accountable’s termination of verification services While Altura utilized Accountable as a verification partner, it maintained no direct financial ties to msUSD Altura’s CEO Ranveer Arora attributed the withdrawal spike to market panic and false information spreading online The weekend of June 20-21 witnessed Main Street’s msUSD stablecoin plunge by over 70% from its dollar peg. The dramatic collapse followed Accountable’s sudden decision to terminate its proof-of-solvency services, citing Main Street’s failure to satisfy its verification requirements.
NEWS: Altura winds down its stablecoin vault after unprecedented levels of withdrawal requests.
CEO Ranveer Arora cited unfounded narratives that fueled market fear and withdrawal pressure. pic.twitter.com/cAO8YR2Ur1
— CoinGecko (@coingecko) June 22, 2026
Accountable functions as a third-party verification mechanism that validates whether a protocol’s asset reserves align with its outstanding obligations. Its withdrawal triggered an immediate loss of investor confidence across connected platforms.
Altura had contracted with Accountable for the same verification services. Despite maintaining no financial exposure to msUSD or any of Main Street’s investment strategies, depositors rushed to withdraw funds without seeking clarification.
22% of Total Value Locked Vanished in 24 Hours Within a single day, depositors pulled more than $8.5 million in USDT from Altura’s vault. This represented approximately 22% of the platform’s total locked value disappearing virtually overnight.
The vault operated on the ERC-4626 standard architecture. Depositors contributed USDT in exchange for proportional vault shares. Altura then allocated these assets across various strategies including funding-rate arbitrage operations, market-making activities, and real-world asset investments.
Withdrawal mechanisms offered depositors flexibility. They could choose immediate redemption with a 0.1% processing fee, or opt for epoch-based withdrawals without any charges.
On June 21, CEO Ranveer Arora announced via X that Altura would begin shutting down the vault. He emphasized that this proactive measure aimed to safeguard depositor assets and facilitate orderly redemptions, preventing a full-scale bank run situation.
“Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner,” Arora wrote.
CEO Challenges Spread of False Information Arora voiced his disappointment regarding what he characterized as baseless rumors fueling user panic. He maintained that Altura has consistently prioritized transparency in its operations, and that the withdrawal surge resulted from speculation rather than substantiated concerns.
Prior to Arora’s personal statement, Altura’s official channels had already released a clarification confirming the protocol held zero direct exposure to Main Street or its msUSD stablecoin.
“Our HyperEVM lending vault, the associated USDT/AVLT market, and borrowers utilizing our Ethereum vault remain unaffected,” the protocol stated.
Altura notified all counterparties and business partners about the shutdown decision. The platform commenced liquidating positions across centralized exchanges, private credit arrangements, and real-world asset portfolios. According to company communications, certain positions may require extended timeframes for complete redemption.
Altura’s remaining product offerings, including its HyperEVM lending facility and Ethereum vault, continue functioning without disruption and were excluded from the wind-down process.
The Accountable incident highlighted a critical infrastructure weakness. Platforms depending on a single external entity for solvency attestation face concentrated risk exposure that can spark depositor panic even when their financial position remains fundamentally secure.
DeFi yield platform Altura has announced an orderly wind-down of its vault operations. This comes after experiencing a surge in withdrawals triggered by growing market panic following the recent Mainstreet (MSY) depeg.
The move comes even though Altura insists it had no direct exposure to Mainstreet or any of its investment strategies.
Mainstreet Depeg Sparks FearThe panic started after Mainstreet’s msUSD stablecoin depegged. This event shook the DeFi market and triggered withdrawals across several protocols, including Altura. However, Altura said it had no exposure to Mainstreet and confirmed its vaults and markets (HyperEVM lending vault, Alpha USDT Prime, and USDT/AVLT) were unaffected.
Still, fear spread quickly, and withdrawals spiked. Altura processed over $5M in 24 hours. CEO Ranveer Arora later confirmed that total redemptions had crossed 8.5M USDT.
Dear Users,
Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.
Given the sustained withdrawal demand and current market sentiment, we have made the…
— Ranveer (@ranveerar89) June 21, 2026 Altura Starts Unwinding PositionsFaced with continued withdrawal pressure and negative market sentiment, Altura decided to begin winding down its vault. The company made this decision in an effort to protect user capital.
We recently became aware of the depeg event affecting Mainstreet (MSY).
As Altura, we have never had any exposure to Mainstreet or any of its underlying investment strategies.
Our HyperEVM lending vault (Alpha USDT Prime), the associated USDT/AVLT market, and borrowers…
— Altura (@alturax) June 21, 2026 “Our priority remains the protection of user capital and ensuring all redemptions are completed in a fair, transparent, and efficient manner,” Arora said.
The company has already notified partners and counterparties. In addition, it has started unwinding positions held across exchanges, private credit opportunities, and real-world asset (RWA) strategies.
According to Arora, some positions can be redeemed immediately, while others require standard settlement periods. Capital will be returned to users as underlying investments are redeemed.
No Hack, But Liquidity Is TightAltura stressed that this is not a hack or insolvency event. Meanwhile, DefiLlama data shows that Altura currently manages approximately $32.36 million in total value locked on Hyperliquid L1. Its tracked yield pool offers an average APY of around 17.5%.
However, part of those assets is allocated to private credit and RWA investments. This allocation makes them difficult to liquidate quickly during periods of heavy withdrawals.
As a precaution, Altura has advised users to unwind borrow or looping positions involving the AVLT/USDC ETH market. Users are advised to take this action until conditions stabilize.
The protocol’s AVLT token has also come under pressure, falling from $1.08 to around $0.93 over the past week. For now, Altura says it will continue providing updates as redemptions progress and additional liquidity becomes available.
Community Reaction
On the other hand, One crypto user raised concerns about Altura’s legitimacy, questioning its claimed RWA strategy and its relationship with Inessa Holdings. The user reported several red flags, including Inessa Holdings’ limited online history and a recently registered website. The user cited lack of office addresses, similarities between the Altura and Inessa domains, and doubts about how the firm generates 20%+ APY. Additionally, the user claims of incorrect public data and Altura’s stated strategies warning other users to reduce exposure to AVLT-related products.
Story Ends Here
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The Infinity Vault of Altura was shut down due to the withdrawal of funds by investors worth around $8.5 million. The total amount of assets left in the vault before deciding to close down the operation stood at around $3.9 million. The Altura Web3 gaming platform intends to shut down its Infinity Vault due to huge investor withdrawals. Investors withdrew approximately $8.5 million from the vault in a single day. With the fast flow of money, the total amount of money left in the vault was about $3.9 million. After the withdrawals had taken place, Altura announced that it would stop production. And start the process of refunding the leftover amounts to the participants. Reports indicated that declining participation rates prompted Altura to reassess the vault’s viability and ultimately wind down the product. Altura also stated that participants can continue withdrawing their funds until the closure process is complete.
Dear Users,
Over the past 24 hours, we have experienced an unprecedented level of withdrawal requests and have successfully processed more than 8.5 million USDT in instant redemptions.
Given the sustained withdrawal demand and current market sentiment, we have made the…
— Ranveer (@ranveerar89) June 21, 2026 Market Situation Continues Pressure on Crypto Yield Products The closure comes as many crypto projects continue to face challenges in relation to market dynamics and investor demands. First, several crypto asset providers have experienced decreased levels of activity from their investors, who are shifting funds to other projects. Additionally, market volatility affected the operations of decentralized finance platforms, making many projects rethink the performance of their products and sustainability.
As per the market experts, large withdrawal activities could create issues for small yield products and vault investments. The difficulty that operators might experience in managing liquidity, performance, and sustainability of their products is likely to come in when there are considerable withdrawals by investors in a short span of time. The crypto market will keep an eye on the response from different platforms to the new market dynamics. With increased selectiveness among investors, many projects are focusing on liquidity, sustainability, risk management, and effective communication.
Altura Moves Beyond Infinity Vault for Ecosystem Development Despite the closure of the Infinity Vault, Altura continues to develop its broader ecosystem in blockchain-based games. Indeed, the company is still committed to developing platforms for Web3 gaming initiatives and managing the transition from the vault initiative. Altura stated that it will continue supporting its key initiatives within the ecosystem.
Moreover, it was observed that the shutdown is a reminder of the importance of proper management of liquidity and involvement of crypto investment product users. Considering the ongoing changes in the digital assets market, companies are now considering future steps in the development of their products for investors.
