Track market-moving stories before they get noisy

September 2026 was the month Zoomex turned its TradFi expansion into a full trading calendar. After crossing the 50-contract milestone for Stock Perpetuals at the end of August, the platform spent September widening the lineup, adding ETF-linked perpetuals to its TradFi Zone, relaunching Zero-Fee TradFi, and opening the Zoomex World Trading Championship 2026 (ZWTC 2026) with a prize pool of up to 5 million USDT.

The backdrop was far less calm. The U.S. Senate failed to advance the CLARITY Act, the Federal Reserve raised rates for the first time since 2023, and Bitcoin still closed the month higher. Beneath that noise, Zoomex’s verifiable reserves stayed multi-chain, stablecoin-anchored and openly trackable, which is exactly what Transparent by Design is meant to deliver. This report reviews Zoomex’s on-chain reserves, chain and token composition, and platform metrics as tracked through DefiLlama, CoinMarketCap and CoinGecko, alongside the product developments that shaped the month.

Zoomex Overview Founded in 2021, Zoomex is a global cryptocurrency trading platform focused on Derivatives, serving over 3 million users across 35+ countries and regions and offering 700+ trading pairs. Its philosophy of easy-to-use, transparent balances and fair access to earnings shapes everything from its trading interface to the way it publishes proof of reserves. Zoomex has completed security audits conducted by Hacken and holds multiple regulatory registrations, including U.S. and Canada MSB, U.S. NFA, and Australia AUSTRAC.

September’s product story was the continued build-out of the TradFi Zone.

On September 1, Zoomex confirmed that its Stock Perpetuals lineup had grown past 50 contracts across four asset categories, timed with a Zero-Fee TradFi event that ran from August 28 to September 4. On September 8, the platform announced a further expansion covering more than 30 US and global equities across four categories, all margined and settled in USDT and trading around the clock. Two days later, Zoomex put the spotlight on TSLA and NVDA exposure through its rule-based derivatives offering, reinforcing Fair Access & Rule-Based Execution for every trader.

On September 18, ahead of the Federal Reserve decision, Zoomex highlighted its ETF-linked perpetuals, SPYUSDT, QQQUSDT, IWMUSDT, XLFUSDT, XLKUSDT and TQQQUSDT, available through the TradFi Stock Perpetuals section. The same day, it relaunched Zero-Fee TradFi, running from September 11 to October 11, 2026, which rebates 100% of actual trading fees on eligible stock contracts, commodity contracts and stock tokens, capped at 100 USDT per account.

On the competition side, Zoomex launched ZWTC 2026 on September 10 with a prize pool of up to 5 million USDT, its largest to date. The Squad Competition, with up to 2.5 million USDT in prizes and three separate leaderboards, opened on September 21 and runs until October 11 at 10:00 UTC. Alongside it, Zoomex Predict World continued to feature its established Long-Term event contracts, giving traders a longer-horizon complement to the 5 Minute, 15 Minute and 4 Hour markets. Together, these launches reflect a Refined Brand & Trading Experience built around one account and one rule set for crypto, equities, ETFs and commodities.

Exchange trade volume Zoomex’s exchange trade volume ranged from about $125M to $680M in September, with the month’s defining move arriving in its final third, according to CoinGecko. September volume ranged from roughly $125M to $680M, with the month’s low on September 13 and its peak on September 22. For scale, that peak sits at about two thirds of the $1.02B high recorded in August. 

Source: Coingecko On the pair side, BTC/USDT strengthened its lead at 53.5% of volume, up from 43.4% in August, followed by ETH/USDT at 13.7% and USDC/USDT at 11.6%. ETH has therefore overtaken USDC/USDT for second place. SOL/USDT contributes 3.9%, HYPE/USDT and XRP/USDT 1.6% each, and ENA/USDT 1.5%, while a tail of other pairs accounts for 12.6%. As in previous months, 100% of volume settles in USDT by CoinGecko’s currency breakdown, underscoring its role as Zoomex’s near exclusive quote and settlement currency. 

On-chain reserves Zoomex’s total on-chain assets stayed inside a narrow $34M to $38M band for the whole month, extending the durable step-up that began in August. DefiLlama’s CEX Transparency tracker shows reserves opening near $36M, easing to a monthly low of about $33.8M around September 10, rebuilding to roughly $36.5M by September 15, and reaching the month’s peak of about $38M around September 20. A pullback to roughly $35M followed by September 25, before assets climbed again to about $37M at month end. The live reading on October 13 stood at $34.9M.

Source: Defillama The contrast with the mid-year pattern is clear: there were no sharp spikes that unwound within days, and the base held. As always, this figure reflects verifiable cold and hot wallet holdings tracked by DefiLlama and sits alongside, not in place of, Zoomex’s separately maintained $50 million insurance fund.

Assets by chain Ethereum remains Zoomex’s largest chain by a wide margin, holding roughly $15.7M at month end versus about $16.5M on September 1, with a low near $15.1M around September 24. That is close to 42% of tracked assets. XRPL stays second at about $6.9M, after dipping to roughly $6.1M in mid-September and peaking near $7.4M on September 23. Tron fell from about $3.5M to around $2.0M by September 22, then jumped to roughly $4.0M by September 30, the largest late-month move among the major chains. Mantle rose from about $1.7M to $2.1M, Solana roughly doubled from about $1.0M to $2.0M, BSC slid from about $2.2M to $1.5M, while Base (about $1.45M) and Arbitrum (about $1.3M) stayed flat.

Source: Defillama The most unusual line is Bitcoin. Its balance sat near $0.8M until September 14, jumped to about $2.75M on September 15, climbed to roughly $3.3M by September 22, then fell back to about $1.6M on September 23 and $1.1M on September 24, ending the month near $0.95M. That round trip points to a temporary custody or settlement movement rather than a lasting reallocation, and it lines up with the BTC inflow and outflow bars in the flow data below. Zoomex’s reserves remain distributed across 14 networks, the same multi-chain footprint maintained throughout 2026, with OP Mainnet, Polygon, Vaulta, Doge and Sonic each holding under $0.5M.

Token balances Read in raw units rather than USD value, PEPE again dominates by count, but its trajectory reversed from August. The balance held near 8.7 billion units through mid-September, then stepped down to roughly 7.7 billion around September 17 and about 7.1 billion by September 20, a decline of close to 19%. Meme coin balances on an exchange typically mirror user activity rather than treasury decisions, so this looks like client withdrawals more than a deliberate reallocation. BONK stayed flat at roughly 2.5 billion units.

Source: Defillama TBY’s block-shaped presence continues to be the more interesting signal. It appeared at around 5.3 billion units in five separate windows, September 1 to 7, 10 to 11, 19 to 20, 24 to 25 and 29 to 30, and was absent in between. That on and off pattern is more consistent with temporary custody, a settlement cycle or a recurring product flow than with a held position.

USD inflows Source: Defillama Outside those windows, daily activity stayed shallow and mixed. Net flow across the month was slightly negative, yet total assets ended higher, which means price moves rather than deposits explain the stable balance sheet. The framing from August holds: movement was event-driven and concentrated in a handful of identifiable days, not the product of steady retail flow.

Inflows by token The token split shows what drove each of those days. The September 15 spike was almost entirely Bitcoin, at roughly $2.0M gross, and the September 23 outflow was the mirror image, with about $1.85M of BTC leaving, partly offset by roughly $0.4M of TRON inflow. That confirms the temporary Bitcoin build seen in the chain data.

Source: Defillama Stablecoins drove the rest. USDT left on September 1 (about $0.9M), September 19 (about $1.35M) and September 22 (about $1.6M), then returned on September 29, when roughly $1.65M of USDT arrived together with smaller USDC and TBY inflows. WETH was the one asset with clear accumulation, with inflows of about $0.85M on September 19 and $0.4M on September 20. XAUT recorded a small inflow of about $0.3M on September 2.

Token values (USD) Viewed by asset value, September was a rotation story. USDT started the month near $11.3M, held between $9.5M and $10.5M through September 18, then fell to about $8.6M on September 19, $6.9M on September 22 and a low near $6.6M on September 24, before rebounding to about $9.1M on September 30. At the same time, WETH stepped up from roughly $4.3M to around $6.1M between September 19 and 22 and held that level, which matches the inflow bars above. In other words, part of the stablecoin drawdown reappeared as ether exposure.

Source: Defillama XAUT slipped from about $5.35M to roughly $5.0M, a decline of around 7% that is largely a price effect, since gold retreated through September after its August high. Mantle’s MNT rose from about $1.5M to $2.0M, while ETH (about $1.6M), USDT0 (about $1.0M to $1.2M) and AAVE stayed broadly stable. The purple Bitcoin line shows the temporary spike to about $3.3M on September 22 and the return to under $1M afterwards.

Token breakdown The composition snapshot reads as liquidity first with measured diversification. USDT leads at 32.55%, followed by WETH (16.12%), XAUT (13.42%) and BTC (10.03%), which together account for roughly 72% of holdings. The rest is spread across MNT (4.55%), ETH (4.12%), USDT0 (3.48%), USDC (3.19%), AAVE (3.08%), TRON (1.71%) and an Others bucket of 7.73%.

Source: Defillama Several comparisons with August stand out. USDT rose from 27.96% to 32.55% and WETH from 12.45% to 16.12%, while XAUT eased from 14.94% to 13.42%. BTC jumped from 2.16% to 10.03%, which is consistent with the temporary Bitcoin build between September 15 and 22 rather than a strategic shift. Counting USDT, USDT0 and USDC, stablecoins make up about 39% of the portfolio, and ether exposure across WETH and ETH is about 20%. 

Individual stablecoins USDT makes up almost all of Zoomex’s tracked stablecoin balance. USDT opened September near $10.4M and closed around $9.1M, with a mid-month trough near $6.6M. USDC edged down from about $0.9M to $0.75M. 

Source: Defillama Total stablecoins Combined stablecoin holdings fell from about $11.5M on September 1 to a low of roughly $7.3M on September 24, a drop of around 36%, before recovering to about $9.9M on September 30. Net, stablecoins ended the month roughly 14% below where they started. Because total assets stayed in the $34M to $38M band, stablecoins slipped from about 32% of tracked assets at the start of the month to roughly a fifth at the trough, which reflects a shift in composition rather than a shrinking balance sheet. The late month rebound, which coincides with the $1.65M USDT inflow on September 29, suggests the rebuild was already underway as September closed.

Source: Defillama Platform community and user metrics Zoomex ended September 2026 with over 3 million registered users across more than 35 countries and regions. The platform’s Telegram community has grown from 76,277 members to 82,319, reflecting active engagement among Zoomex’s core retail trading base.

Zoomex’s daily active trader count consistently exceeds 1 million users according to independent review data, TradersUnion. The platform regularly adds new assets based on market demand combined with rigorous vetting, as of this report, Zoomex lists 486–495 cryptocurrencies and operates across 518–575 trading pairs depending on the market segment (spot or derivatives), a figure that has grown steadily through 2026.

ZoomexFounded in 2021, Zoomex is a global crypto exchange serving 3M+ users with 600+ trading pairs. Guided by the values of "Simple, User-Friendly, and Fast," Zoomex leverages a high-performance engine to ensure a fair, just, and transparent trading environment where every transaction is fully traceable and unbiased. With MSB (U.S./Canada), NFA, and AUSTRAC licenses and audits by Hacken, Zoomex provides institutional-grade security. Partnered with TGR Haas F1 Team and Emiliano Martínez, the platform mirrors elite precision and consistency, delivering a secure, low-barrier, and compliant ecosystem for traders worldwide.

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Disclaimer

This third-party press release is published substantially as received and does not reflect BeInCrypto's editorial views. BeInCrypto has not independently verified its claims or assessed the suitability, legality or appropriateness of any referenced asset, product or service; publication is not an endorsement. The content is general information, not investment research, financial, investment, legal or tax advice, a personal recommendation, offer or solicitation. Verify all information and seek professional advice where appropriate before acting. Crypto-assets may result in total loss.

Bybit Expands Beyond Crypto as CEO Outlines Next Phase of Financial Platform

Rare Pokémon cards continue to outperform traditional assets. The CardTrack 100 index has returned 150.7% since September 2021, beating Bitcoin, gold, and the S&P 500 by wide margins.

The numbers reveal why collectors now treat rare graded cards like serious alternative investments rather than toys.

The combined value of the 100 most valuable Pokémon cards. Source: CardTrackPokémon Card Values Keep Breaking RecordsThe CardTrack 100 is a monthly index that tracks the combined value of the 100 most expensive Pokémon cards worldwide. It works as a thermometer for the top of the collectibles market.

The index currently sits at 251 points, with a base value of 100 set in September 2021. Its total combined value now reaches $244,750 across the tracked cards.

A $5,000 investment made four years ago would be worth $12,534 today based on that performance.

The same capital in gold would be worth roughly $ 12,390. Bitcoin sits around $ 9,800 for the same period. The S&P 500 trails even more, returning roughly 73% and turning $5,000 into approximately $8,650 today. Just twelve days ago on September 29, the index set an all-time high of $253,800 points. The current reading sits only 1.2% below that recent peak.

Why are Collectors Pricing Cards Like Blue-Chip Art?Mainstream recognition explains the shift. For example, a 1998 Pikachu Illustrator card sold for $16.5 million earlier this year, reshaping the market ceiling permanently.

Recent auctions reinforce the trend. Four rare e-Reader cards, including a Skyridge Gengar, fetched a combined $780,000 this week, while a first-edition Charizard reportedly set a new record of $1.38 million.

The PSA 10 1st edition Charizard has done it. The icon. The Mount Rushmore. The legend. The singular, signature card of Pokémon that stands next to the 52 Mantle, the Black Lotus of MTG, the T206 Wagner, the 1984 Star Jordan. One of the 5 most iconic trading cards of all… pic.twitter.com/V5cj7Tw5PN

— Jeremy Padawer (@JeremyCom) October 9, 2026 eBay executives confirmed that Pokémon was the most searched term in their collectibles category during the first half of 2026. Grading giant PSA reports trading-card games now account for half of its entire business.

Scarcity, professional grading, nostalgia, and a growing class of serious collectors have turned rare Pokémon cards into one of the strongest alternative assets of the decade.

Bybit and Franklin Templeton have formed a strategic collaboration that starts with letting eligible institutional clients use tokenised money market fund shares as off-exchange collateral for trading on Bybit. The companies announced the partnership on Sept. 28.

Building with @Bybit_Ins.

Bybit and Franklin Templeton Form Strategic Collaboration to Expand Access to Tokenized Investing

The wider collaboration launches with a new off-exchange collateral program that unlocks trading liquidity for institutional clients, alongside… pic.twitter.com/tjgglM0YwQ

— Franklin Templeton Digital Assets (@FTDA_US) September 28, 2026 The fund shares are issued through Benji, Franklin Templeton's blockchain-integrated recordkeeping and transfer agency platform. Clients pledge them through ByCustody, Bybit's institutional custody platform, and receive USDT or USDC trading credit lines on the exchange. The shares stay in regulated custody off-exchange, with their value mirrored inside Bybit's trading environment, so clients keep earning the fund's yield while using it to back positions.

"By expanding the range of high-quality collateral available through our off-exchange infrastructure, we are helping clients deploy capital more effectively while maintaining exposure to trusted, regulated investment products," said Yoyee Wang, Bybit's global head of RWA and TradFi.

The appeal for institutions is reduced counterparty exposure. Keeping collateral outside the exchange limits what a client stands to lose if the venue fails or is hacked, a risk Bybit knows well after losing about $1.5 billion in ether to North Korea-linked hackers in February 2025.

The arrangement is close to identical to one Franklin Templeton set up with Binance in February, which also let institutions pledge Benji-issued money market fund shares as off-exchange collateral. Franklin Templeton now has its tokenised funds accepted as collateral at Binance and at Bybit, which describes itself as the second-largest crypto exchange by trading volume. That strengthens Benji's position against competing tokenised treasury products as the preferred collateral asset for trading firms.

The partnership also reaches retail. Bybit and Franklin Templeton plan a tokenised wealth product on the Bybit exchange and the Mantle chain offering access to Franklin Templeton investment strategies, with details to come separately from Bybit and Mantle. The two firms will also run education programmes on topics such as goals-based investing and diversification for what they call wallet-based investors.

"For institutions, extending connectivity of the Benji Technology Platform to Bybit offers a trusted venue to put regulated, yield-bearing assets to work in digital markets," said Sandy Kaul, Franklin Templeton's head of digital assets and innovation.

The release does not name the fund whose shares can be pledged, define which clients are eligible, or specify the haircut Bybit applies when converting fund shares into trading credit. Those terms will determine how much capital efficiency the programme actually delivers.

Welcome to another edition of the Crypto In America newsletter!

What you’ll read: A breakdown of crypto’s roller coaster week in D.C. and a scoop on how Visa is closing a loophole that allowed memecoin purchases to earn ordinary credit card rewards. Plus, a roundup of the week’s biggest stories.

The Senate fails to advance the Clarity Act in a 49-50 vote. For anyone tracking the twists and turns of crypto policy in Washington, it was a long and bruising week. It also marked a shift in the center of gravity from Congress to the regulators.

On Tuesday, the Senate failed to advance crypto’s landmark market structure bill in a dramatic procedural vote that exposed how deeply President Trump’s crypto dealings have eroded Democrats’ willingness to work with Republicans on regulating an industry they themselves say badly needs oversight.

Democrats voted as a bloc against advancing the bill, while Republican Sens. Susan Collins (R-ME), Josh Hawley (R-MO) and Jerry Moran (R-KS) joined them in opposition. Senator Thom Tillis (R-NC) initially voted yes before switching to no, a procedural maneuver that preserved the option of bringing the bill back at a later date.

That left the final recorded tally at 49-50, well short of the 60 votes needed to advance the bill after more than a year of grueling bipartisan negotiations.

Down in the basement of the Capitol, those negotiations continued right up until the vote began. A Democratic staffer told Crypto In America that Tillis was willing to delay the vote to keep negotiating, but that a staffer for Senate Banking Committee Chair Tim Scott (R-SC) abruptly ended the talks without explanation.

The breakdown quickly gave way to finger-pointing on both sides, with Republicans accusing Democrats of never being serious about passing the bill and Democrats accusing Republican leaders of forcing the vote before negotiations were finished to protect what one staffer called Trump’s “grift.”

“Senate Democrats proved they were never truly serious about protecting consumers and preserving American leadership,” the bill’s chief architect, Sen. Cynthia Lummis (R-WY), said. “I sat at the table with Senate Democrats working in good faith to get this done while they played games.”

But some of the same Democrats who voted no insist the bill isn’t dead.

“It’s not going to die,” Sen. Angela Alsobrooks (D-MD) told Crypto In America immediately after the vote. “You know why it’s not going to die? Because over 70 million Americans are engaging in an industry that is unregulated, and we have a responsibility to regulate.”

Alsobrooks was joined by six other Democrats involved in the negotiations: Sens. Kirsten Gillibrand (D-NY), Mark Warner (D-VA), Cory Booker (D-NJ), Catherine Cortez Masto (D-NV), Ruben Gallego (D-AZ) and Raphael Warnock (D-GA). The group called this week’s vote “a setback, but not the end” and said it remained “committed to working in a bipartisan fashion” to pass the Clarity Act.

The statement lands amid early efforts to restart bipartisan talks and gauge appetite on both sides for returning to the table, according to three sources familiar with the discussions.

But there is significant fatigue across the industry, with many now looking to regulators to write the rules of the road rather than waiting on Congress.

“Congress passed the GENIUS Act and pushed hard on the Clarity Act, but the political will to get it across the finish line wasn’t there. Congress had its chance and didn’t rise to it,” said Solana Policy Institute President Kristin Smith. “We’re now looking to regulators for guidance, and that’s the more viable path forward right now.”

SEC Chairman Paul Atkins explicitly tied the agency’s new innovation exemption to the Clarity Act’s failure to advance in the Senate. The SEC released the highly anticipated measure Thursday, opening a pathway for tokenized U.S. stocks to trade onchain and fueling fresh excitement across the industry as regulators move to take the lead.

The CFTC is also moving ahead. Staff issued a no-action position for passive software providers, while the agency submitted a broader crypto markets rulemaking proposal to the White House for review. Details of the proposal are not yet public.

The industry is getting clarity in one form or another. For now, it will come with a lowercase “c,” delivered by regulators rather than Congress.

Georgetown’s Financial Markets Quality Conference returns September 23

Join Georgetown University’s Psaros Center for its annual Financial Markets Quality Conference, bringing together leaders from finance, government and policy.

This year’s agenda features digital assets, tokenization, prediction markets, private markets and financial regulation, with speakers including CME CEO Terry Duffy, JPMorgan Asset & Wealth Management CEO Mary Callahan Erdoes, Sen. Bill Hagerty (R-TN), NEC Director Kevin Hassett, former Treasury advisor Tyler Williams and White House Crypto Council Executive Director Patrick Witt.

Location: Wednesday, September 23 | Georgetown University | 8:00 a.m. - 5:00 p.m.

Registration is complimentary, but advance registration is required.

Register Here

Bloomberg/Getty ImagesBanks came away empty-handed in their bid for tighter restrictions on stablecoin rewards after the Clarity Act failed to advance in the Senate this week. But JPMorgan has scored a narrower victory in a separate fight over credit card rewards on crypto purchases, Crypto In America has learned.

Visa is moving to close an apparent loophole in checkouts powered by Crossmint, a crypto payments infrastructure firm, according to a source familiar with the matter. The workaround allowed memecoin purchases made with Visa credit cards to be processed under a merchant code intended for ordinary digital media.

The move comes after The Block published an investigation finding that users of the Robinhood Wallet and Fomo apps could purchase memecoins with credit cards through Apple Pay or Google Pay without completing a separate KYC process. The Block’s test purchases, powered by Crossmint and made with both Visa and Mastercard credit cards, were coded as “digital goods media,” a category typically used for e-books, movies and music, rather than as crypto transactions. That allowed customers to earn ordinary credit card rewards such as points or cash back on the memecoin purchases.

Chase told The Block that one Visa transaction had not been flagged as a cryptocurrency purchase, had been assigned the wrong merchant category code and should not have earned rewards. The bank subsequently opened a case with Visa challenging the classification. The New York attorney general’s office also told The Block it was aware of and reviewing the matter.

Crossmint defended its approach by pointing to a 2025 SEC staff statement that described certain memecoins as akin to collectibles rather than securities.

When it comes to payment processing, Visa clearly doesn’t agree.

In correspondence reviewed by Crypto In America, the payment giant told at least one industry participant that the merchant code used for digital goods media is not appropriate for memecoin purchases. Visa has also informed payment processors, including Checkout.com, that the code will no longer be accepted for those transactions, the source said. The processors have been given a grace period to wind down the practice, which is expected to end next week.

Visa and Crossmint did not immediately respond to requests for comment.

Memecoin purchases aren’t going away. But the credit card rewards probably are. Going forward, the purchases must be processed as crypto transactions and will be subject to Visa’s corresponding rules and restrictions.

“The message to the crypto industry is clear: Stop being cute, stay in your lane and use the appropriate codes,” the source said.

Recorded at SALT Wyoming, Anthony Scaramucci joined Crypto In America to explain why he believed the Clarity Act was headed for defeat and what Washington’s political dysfunction means for the industry.

The SkyBridge Capital founder and former White House communications director also grades the Trump administration’s crypto agenda, weighs the significance of the GENIUS Act and makes the case for “mama bear” regulation: rules strong enough to protect consumers without smothering innovation. He offers one piece of advice everyone in crypto can use: moisturize.

Catch the full episode on all platforms here.

ICYMI: Here are some of the biggest stories that made headlines this week.

The Clarity Act failed to advance in the Senate in a final recorded vote of 49-50 after Democrats voted as a bloc against the measure, citing concerns including insufficient ethics restrictions on President Trump’s crypto interests.

The SEC rolled out its highly anticipated Innovation Exemption, creating a limited, conditional pathway for tokenized U.S. stocks to trade onchain.

CFTC staff issued a no-action position allowing certain passive software providers to operate without registering as introducing brokers. The agency also sent a broader crypto markets rulemaking proposal to the White House for review.

The House Ways and Means Committee approved the Digital Asset Tax Certainty Act, advancing legislation that would clarify the tax treatment of mining, staking and other digital asset activity.

The House Financial Services Committee advanced H.R. 8957, the American Reserve Modernization Act, in a 28-21 vote. The bill would establish a Strategic Bitcoin Reserve and a separate Digital Asset Stockpile within the Treasury Department.

The Federal Reserve raised interest rates by a quarter percentage point, or 25 basis points, bringing the target range to 3.75%-4%. It marked the central bank’s first rate increase in three years.

MoonPay partnered with WisdomTree to expand U.S. access to WTGXX, WisdomTree’s tokenized Treasury money market fund. MoonPay also plans to use the fund as a reserve asset for its stablecoins.

Coinbase said it filed for regulatory approval to list roughly 50 to 60 U.S. single-stock perpetual futures, with plans to offer 24/5 trading if approved.

Nasdaq is set to introduce 23-hour weekday trading on Dec. 6, while the SEC is examining what a broader move toward round-the-clock trading would require.

Table of contents

Mantle, the open financial network connecting global market participants to institutional-grade capital-market assets on-chain, said on September 3 that the Paxos-issued stablecoin USDG is now live on the network as one of its first natively minted dollar stablecoins. The integration makes Mantle a Network Partner of the Global Dollar Network (GDN), which has grown to more than 150 partners with over $3 billion of USDG in circulation.

How Mantle Fits Into the Global Dollar Network Unlike a standard token listing, Mantle’s entry places the network inside GDN’s reward-sharing structure as a Network Participant, joining partners that include Robinhood, Kraken, Mastercard, OKX and Bullish, according to the announcement. The model is designed to share the economics of USDG adoption with the partners that drive it rather than leaving the issuer to retain them.

USDG becomes the regulated dollar asset across Mantle’s ecosystem, from DeFi utilities to capital allocation for institutions, and joins an existing stablecoin lineup that already includes AUSD by Agora, USDe by Ethena, USDY by Ondo and USDT0 by Tether.

Regulatory Standing and Circulation Growth USDG circulation has climbed past $3.5 billion, according to the release, making it one of the largest regulated dollar stablecoins in the market. It operates under dual regulatory oversight from Singapore’s Monetary Authority and the European Union’s MiCA framework, a combination Paxos positions as rare among stablecoins. Paxos publishes monthly reserve reports, and USDG is fully redeemable one-to-one for U.S. dollars.

Mantle’s Expanding RWA Stack The addition extends Mantle’s push into institutional-grade assets. Its stablecoin total value locked has crossed $982 million, while its real-world-asset TVL has grown from roughly $22 million to about $240 million over the past year. Its count of tokenized assets, spanning equities, ETFs, commodities, treasuries and credit, has expanded to more than 700.

“Joining Global Dollar Network and bringing USDG onto Mantle puts us inside a more active economic system,” said Emily Bao, Key Advisor at Mantle and Head of Spot at Bybit. Walter Hessert, Head of Strategy at Paxos, added that native USDG issuance puts a regulated dollar “at the center of the ecosystem” and that, as a Global Dollar Network partner, Mantle shares in the upside it helps create.

The move follows other Global Dollar Network expansions, including OKX’s earlier integration of USDG for its users, and builds on Mantle’s own chain-level upgrades such as its $2.5 billion MNT token migration to Chainlink CCIP. Whether native USDG issuance materially deepens institutional activity on Mantle remains to be seen, but the partnership gives the network a regulated settlement asset that remains rare across the stablecoin market.

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Paxos-issued stablecoin USDG has launched natively on Mantle, with the Ethereum layer-2 network joining the Global Dollar Network as a partner, according to a Thursday announcement.

The integration makes USDG one of the first stablecoins to be natively minted on Mantle and brings the network into USDG’s reward-sharing structure. As a partner, Mantle can receive a share of the rewards generated by USDG activity, joining a network of more than 150 partners, including Kraken and Robinhood.

USDG has a market capitalization of about $3.18 billion, making it the seventh-largest stablecoin tracked by DefiLlama. The stablecoin is issued by Paxos and operates under regulatory frameworks in Singapore and the European Union, with Paxos publishing monthly reports on its reserves.

Top 10 stablecoins by market cap. Source: DefiLlama

USDG joins several other stablecoins available on Mantle, including Agora’s AUSD, Ethena’s USDe and Tether’s USDT0. Mantle said USDG will be used across its ecosystem for DeFi applications and institutional capital allocation.

Mantle has also seen recent growth in tokenized real-world assets (RWA). The network had $234.2 million in distributed RWA value as of Wednesday, up 19% over the past 30 days, according to RWA.xyz data.

Magazine: BTC will hit $1M by 2030... but Arthur Hayes is buying ETH instead

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.

Paxos has launched the USDG stablecoin natively on Mantle, marking a significant development for the Ethereum layer-2 solution. The rollout was announced on Thursday, making USDG one of the earliest stablecoins to be minted directly on the Mantle network.

Integration with Mantle and reward-sharingBy joining the Global Dollar Network as a partner, Mantle now participates in USDG’s reward-sharing system. This partnership allows Mantle to receive a portion of the rewards derived from activities involving USDG on its platform. Mantle joins an ecosystem of over 150 partners, which includes prominent industry players such as Kraken and Robinhood.

USDG is now listed alongside several other stablecoins available on Mantle, including Agora’s AUSD, Ethena’s USDe, and Tether’s USDT0. Mantle representatives stated that USDG will serve various purposes across their ecosystem, supporting decentralized finance applications and institutional portfolio strategies.

With this integration, Mantle stands among the first networks to support native minting of USDG and is now part of a collaborative ecosystem that shares in the growth and rewards from USDG usage.

USDG’s market position and complianceUSDG maintains a market capitalization of around $3.18 billion, ranking as the seventh-largest stablecoin according to DefiLlama data. The asset is issued by Paxos, a blockchain infrastructure company known for regulatory compliance, particularly in Singapore and the European Union.

Paxos provides monthly disclosures about USDG’s reserves, aiming to ensure transparency for users and partners. The presence of established partners in the network, combined with these regulatory safeguards, positions USDG as a reliable option for various financial applications on Mantle.

Mini dictionary: Paxos is a US-based blockchain infrastructure provider that issues regulated digital assets, including stablecoins, and publishes reserve attestations monthly to verify backing and compliance.

StablecoinMarket CapIssuerNetwork AvailabilityUSDG$3.18 billionPaxosMantle, othersAUSDNot specifiedAgoraMantleUSDeNot specifiedEthenaMantleUSDT0Not specifiedTetherMantleGrowth in real-world asset tokenizationMantle has reported rising activity in tokenized real-world assets (RWA). As of Wednesday, the network had distributed $234.2 million in RWA value, reflecting a 19% increase over the past month. Data for this sector was provided by RWA.xyz, a platform tracking tokenized asset growth across blockchain networks.

These developments suggest that Mantle is strengthening its position as a destination for both stablecoin traffic and tokenized assets. The addition of USDG expands the suite of stablecoins on Mantle and broadens its usage scenarios for DeFi applications and institutional investors.

Mantle [MNT] is carrying on its positive sentiment by making yet another 10% gain following a breach of the $0.5416 level in the past 24 hours as of writing.

Moreover, the bullish breakout of MNT is helping in strengthening its technical setup, as the price is currently trading above the 20-day, 50-day, and 100-day EMAs on the daily chart. This means that both short-term and medium-term momentum is bullish.

Trading above the above-mentioned Moving Averages might help the token to build the base to push higher from the current trading price.

In addition to this, the growing trade volumes and high whale activity, along with bullish futures positions, are also providing a boost to the token’s rally towards its next level of resistance at $0.5928. Moreover, the recent 10% gain has confirmed positive buying pressure and put the token in a position to test its next resistance.

Source: TradingView Trading volume nearly triples Looking into the token’s on-chain metrics, the network’s market activity is also surging alongside the bullish price action. The trading volume across the Mantle network has almost tripled to $47 million, which shows the significant market participation.

Drawing on similar scenarios, rising volume during a breakout provided stronger confirmation that buyers are actively supporting the move. The same turn of events could be developing for MNT. With the higher volume, the token could gain sufficient liquidity to test the resistance level of $0.5928.

Source: Santiment MNT whale orders increase That’s not all; large-holder activity is also strengthening the bullish setup. Mantle’s Average Order Size data indicate an increased presence of whale orders around its current trading price.

The activity suggests that larger market participants are becoming more active as the token approaches its next resistance. If the same trajectory persists, whale participation could help absorb selling pressure around $0.5928.

Source: CryptoQuant Buyers dominate Futures market Derivatives positioning also adds another bullish signal. Based on the latest Futures Taker CVD data, MNT bulls continue to dominate the futures trading scene, which implies that traders are still bullish on MNT and expecting further gains.

With increased spot activity and whale buys, it is likely to see further gains in the future. That said, an overextended long position may bring about some liquidations if MNT cannot retain its breakout.

Source: CryptoQuant Can MNT reach $0.5928? MNT’s breakout above $0.5416, 10% daily gain, and surging trading volume have strengthened its bullish setup.

With the price above the key EMAs, whale activity increasing, and futures buyers maintaining control, $0.5928 now stands out as the next major target.

Should the buyers be able to maintain their gains and defend $0.5416 as support, MNT will have another go at $0.5928. Failure at the breakout area could see MNT pull back to its EMAs.

Final Summary MNT surges 10% after breaking $0.5416 as trading volume nearly triples to $47 million. Whale activity and bullish futures positioning strengthen the case for a move toward $0.5928.

DUBAI, UAE, Aug. 25, 2026 /PRNewswire/ — Mantle, the open financial network connecting global market participants to institutional-grade capital market assets on-chain, today announced the expansion of Mantle Vault into decentralised finance, built with Grove infrastructure, CIAN, and accessible through Fluxion. The launch extends Mantle Vault beyond its existing centralised finance footprint on Bybit, where it has already crossed $200 million in assets under management, into a new deposit-and-earn product open to any stablecoin holder.

From CeFi to DeFi: Mantle Vault Opens to All

The expansion follows Mantle’s continued momentum in real-world assets, with RWA TVL growing from $22 million to $257 million in a year and DeFi TVL exceeding $755 million. This marks the next stage of Mantle’s thesis that institutional-grade assets should be reachable by any market participant, not only the institutions and exchanges that first brought them on-chain.

The expanded Mantle Vault allows users to deposit $USDC and $USDT0 on Mantle to access variable yield generated by the underlying strategy. The strategy includes exposure to sUSDS, Sky Protocol’s yield-bearing token, alongside Fluxion Points. Built by CIAN in coordination with Grove, the vault follows a conservative, non-leveraged structure with transparency into the underlying strategy.

Mantle is also introducing a dedicated incentive programme of 5.14 million GROVE tokens, targeting up to 6.5% APY. Programme terms, duration and rates may vary based on market conditions, and incentives are not guaranteed.

“Mantle Vault started as a product built for Bybit’s user base. Its expansion into DeFi through Grove, CIAN, and Fluxion shows what an open financial network is meant to do: connect global market participants to institutional-grade capital market assets, wherever they are,” said Emily Bao, Key Advisor at Mantle and Spot Executive at Bybit.

Grove: Bringing Institutional Grade Economy onto Mantle

Within Mantle Vault, Grove provides the capital foundation through Grove Savings, the on-chain interface to the Sky Savings Rate. The Sky Savings Rate is set by Sky governance and delivered by the Sky Agent Network, an independent network of capital allocators competing across diversified, governance-approved yield strategies through Sky Protocol.

“We’re happy to bring Grove to Mantle. Grove supports the ecosystem by bringing Grove Savings, the on-chain interface to the Sky Savings Rate, a rate set by Sky governance. Partners like Mantle, CIAN, and Fluxion help make institutional-grade on-chain strategies accessible to more users.” said Kevin Chan, Co-Founder of Grove. 

CIAN: Translating Institutional Portfolio Construction into a Non-Custodial Product

CIAN built the original Mantle Vault on Bybit. That track record now extends into DeFi, with CIAN translating institutional-grade portfolio construction into a single, non-custodial product on top of the sUSDS exposure provided by Grove.

“At CIAN, we translate institutional-grade portfolio construction into transparent, non-custodial yield infrastructure. Together with Grove, Mantle, and Fluxion, we are making capital-preservation-first strategies easier for stablecoin holders to access,” said Luffy, Founder of CIAN.

Fluxion: The Liquidity Layer for Stablecoin Holders on Mantle

Fluxion provides the liquidity layer for the expanded Mantle Vault, giving stablecoin holders on Mantle access to the product and connecting deposits to Fluxion Points as an added benefit.

As the Mantle-native DEX for RWA distribution, Fluxion combines hybrid AMM/RFQ trading with xStocks’ xChange, giving users direct access to tokenized equity trading and supporting liquidity across Mantle’s RWA ecosystem.

Fluxion previously expanded its Earn offering with RWAIpha and now adds Mantle Vault to the lineup, giving users access not only to RWA token trading but also to the underlying infrastructure supporting these assets.

“Partnering with Grove and CIAN to introduce a stablecoin vault on Mantle marks a strong start for our Earn product. Together, we look forward to making Mantle the leading hub for real-world assets,” said Sham, CMO at Fluxion.

Borderless Access to Institutional-Grade Yield

The expansion of Mantle Vault from CeFi into DeFi brings together four organisations around a single objective: making institutional-grade yield accessible to any stablecoin holder, without geographic restrictions or intermediary gatekeeping. Grove provides the capital foundation, CIAN the yield infrastructure, and Fluxion the liquidity layer, each composable within Mantle’s open financial network. As Mantle continues to expand the range of institutional-grade assets and strategies accessible on-chain, Mantle Vault represents the clearest demonstration yet of what an open financial network is built to deliver.

About Mantle

Mantle is the open financial network powering borderless access to global capital markets, connecting global market participants to institutional-grade capital market assets on-chain. Mantle brings the full lifecycle of real-world assets on-chain, from issuance and liquidity to distribution and settlement, spanning tokenized equities, treasury yield, private credit, commodities, and money markets. Anchored by one of the largest community-owned treasuries in the industry, Mantle combines credibility, deep liquidity, and institutional-grade infrastructure to support real-world finance on-chain.

For more information visit mantle.xyz.

For more social updates, please follow: Mantle Official X & Mantle Community Channel

About Grove

Grove is capitalizing the stablecoin economy. Through institutional-grade allocation, financing, and liquidity, Grove brings real-world assets and real-world use cases onchain to help build the next generation of global financial markets. Grove’s flagship product, Basin, is programmable credit infrastructure designed to provide eligible investors with real-time stablecoin liquidity in connection with approved sale, redemption, transfer, or other liquidity transactions for tokenized real-world assets. Grove is issuer-agnostic, product-conflict-free, and designed to serve as a neutral infrastructure layer for the tokenized asset ecosystem.

To learn more, visit grove.finance, X, and LinkedIn.

About Cian

CIAN Yield Layer is a leading on-chain yield strategy platform, offering users one-click access to advanced strategies while driving sustainable growth for emerging assets—both crypto-native and real-world —by generating extra on-chain yield for holders.

Standing at $1.4B in TVL, CIAN collaborates with top-tier protocols—including Mantle, Lido, Binance, Maple, USD1, Superstate, Renzo, Kernel, Horizon, pyUSD, cbBTC, fBTC, solvBTC, and Bedrock, etc. — to fuel asset growth. Beyond crypto-native assets, CIAN is expanding access to institutional-grade, interest-bearing RWAs issued by leading Wall Street and London institutions, partnering with RWA pioneers like Chainlink, Midas etc., which effectively bridges the gap between DeFi and TradFi.

For more information about CIAN, please visit: Cian.app

For documentation, please visit: Docs.Cian.app

For updates, please follow: X CIAN_protocol &DC Cian Discord

About Fluxion

Fluxion is a native DEX which is also a RWA distribution hub on Mantle. Fluxion adopts a hybrid trading model- AMM/RFQ. Now you can buy all xStock assets on Fluxion via RFQ. And for the Fluxion AMM model, users can trade and manage liquidity with a borderless access experience. Until now, accumulated trading volume across 1B+ USD, weekly high is 100M+USD.

Now, trade xStock assets on Fluxion can both earn Fluxion Points and xStock’s xPoints.

Please come to visit: fluxion.network

For more social info: https://x.com/Fluxion_network

For media enquiries, please contact: [email protected]

Mantle has expanded Mantle Vault into decentralized finance, opening its stablecoin yield product beyond Bybit to users on Mantle through infrastructure from Grove, CIAN and Fluxion.

The product had already surpassed $200 million in assets under management through Bybit. Its DeFi expansion allows users to deposit USDC and USDT0 to access variable yield generated by the underlying strategy.

CIAN built the vault strategy in coordination with Grove. The structure includes exposure to sUSDS, the yield-bearing token from Sky Protocol, and does not use leverage. Fluxion provides access and liquidity infrastructure for users on Mantle.

Mantle is also introducing an incentive program containing 5.14 million GROVE tokens, targeting yields of up to 6.5% APY. Rates and incentives may vary depending on market conditions.

The expansion comes as Mantle grows its real-world asset business. RWA TVL on the network has increased from $22 million to $257 million over the past year, while total DeFi TVL has surpassed $755 million.

Grove provides access to Grove Savings, its onchain interface to the Sky Savings Rate. CIAN manages the portfolio construction and yield infrastructure, while Fluxion connects stablecoin deposits to the vault and its broader RWA ecosystem.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.

Mantle has accumulated about $880 million in stablecoins and tokenized assets as its onchain product range has expanded across equities, Treasuries, funds and yield-bearing assets.

Summary

Mantle holds about $550 million in stablecoins and $330 million in tokenized assets. USDT0 accounts for approximately $440 million, or nearly 80% of the network’s stablecoin supply. The network supports 985 distinct tokenized assets across six product categories. Mantle increased its tokenized equity selection from 10 products in April to 155 by late June. Mantle’s asset base approaches $880 million Blockworks Research data shows that Mantle’s stablecoin circulating supply has reached approximately $550 million, while tokenized assets on the network account for another $330 million. The two categories place the combined value at about $880 million.

Source: Mantle/Blockworks Unlike networks built mainly around one class of real-world assets, Mantle’s tokenized supply covers commodities, stocks, U.S. Treasuries, yield-bearing stablecoins, a pre-IPO vault and the MI4 tokenized fund. Blockworks counts 985 distinct tokenized assets across the network.

Andrew Forson, president of DeFi Technologies, told crypto.news that regulated tokenization systems could help jurisdictions retain investment activity rather than allowing capital to move elsewhere. He cited the UAE as one market that could benefit from bringing more assets onto regulated local infrastructure.

“By bringing liquidity into a range of assets via regulated rails, you prevent leakage of capital outside the region.”

Sovereign debt could also attract traditional capital through stablecoin inflows, electronic products and regulated investment wrappers, according to Forson. Tokenization provides another route into existing markets rather than taking capital away from conventional assets, he added.

“Whenever you are dealing with digital assets and tokenised instruments, it does not take away from traditional assets, it provides another vector for traditional capital to flow into these assets.”

Stablecoins provide most of the liquid capital available within the two categories. Based on the dashboard’s latest asset-level readings, their combined circulating supply stands at approximately $553.7 million, with USDT0 accounting for $440.03 million.

USDe ranks second with $57.93 million, followed by USDC at $34.15 million and conventional USDT at $12.96 million. AUSD contributes $5.15 million, while World Liberty Financial’s USD1 and Aave’s GHO account for $2.29 million and $1.23 million, respectively.

Calculated from the displayed figures, USDT0 represents close to 80% of Mantle’s stablecoin supply. The concentration means that most of the network’s dollar-linked liquidity comes from one asset, even though Mantle supports seven stablecoins.

Recent flows have added to the two largest positive movers. The dashboard recorded a daily USDT0 net inflow of $18.42 million and a USDC inflow of $9.94 million when the data was checked. Over 30 days, USDC supply increased 33.93%, while USDT0 rose 9.51%.

Smaller tokens posted faster percentage growth from lower starting levels. GHO supply climbed 203.5% during the same period, while USD1 rose 190.89%. In contrast, USDe fell 9.09%, standard USDT declined 2.28%, and AUSD slipped 0.09%, according to Blockworks.

Tokenized equities have expanded to 155 products Equities have become a larger part of Mantle’s tokenized-asset catalog. Nansen counted 155 tokenized equities on the network at the end of June, up from only 10 in April, according to an Aug. 25 report.

The selection includes instruments tied to public companies, private businesses, and exchange-traded funds. Nansen identified products linked to SpaceX and Franklin Templeton’s U.S. Equity Index ETF among the available assets.

In November 2025, Mantle integrated Backed’s xStocks through an arrangement involving Bybit. The rollout brought tokens linked to Apple, Nvidia and Strategy shares onto Mantle, while Bybit supported direct deposits and withdrawals between its centralized exchange and the network.

Backed said at the time that its xStocks platform had processed more than $1.6 billion in tokenized equity volume. According to the company, each token was backed one-to-one by an underlying security held through licensed custodians in Switzerland.

Product structures remain important for investors because tokenized equities do not always provide the same legal rights. As crypto.news reported in August, some products deliver only synthetic price exposure and do not give holders ownership, voting rights, or other shareholder protections. Access can also depend on the issuer, distributor, and user’s jurisdiction.

Mantle’s products, therefore, need to be assessed according to their individual terms rather than grouped under a single ownership model. Backed’s one-to-one structure, for example, differs from tokenized derivatives that track a share price without transferring a claim on the underlying stock.

Mantle has added RWA yield through DeFi Stablecoin liquidity on Mantle is also being used in yield products. On Aug. 25, the network opened its RWA vault to DeFi users after an earlier version distributed through Bybit passed $200 million in assets under management.

The DeFi vault accepts USDC and USDT0 through Fluxion, according to Mantle’s announcement. CIAN designed the non-leveraged strategy, Grove connects deposits to yield from the Sky ecosystem, and Fluxion provides the user interface.

Deposited assets gain exposure to returns from sUSDS, the savings version of Sky’s USDS stablecoin. Sky governance sets the applicable savings rate, so the return can change rather than remaining fixed throughout a deposit.

Mantle’s launch materials listed a target annual percentage yield of up to 6.5%, including campaign incentives. The offer also included Fluxion Points and an allocation of 5.14 million GROVE tokens, although the value received by each depositor depends on participation rules and token prices.

Without leverage, the vault removes one source of liquidation risk, according to Mantle’s product description. Users still face smart-contract failures, stablecoin price changes, liquidity conditions, and adjustments to Sky’s governance-set savings rate.

The self-custodial version also changes who controls the deposited assets. Bybit users previously entered the strategy through an exchange account, while Fluxion users approve transactions from their own wallets and remain responsible for managing their private keys.

Other network figures provide additional scale. Blockworks places Mantle’s treasury value at about $1.8 billion, cumulative spot decentralized exchange volume at $20 billion, and deployed decentralized applications above 150.

U.S. investors face access and ownership limits For U.S. users, the presence of tokenized American equities on a public blockchain does not establish that the products are legally available in every state or to every investor. Eligibility depends on the issuer’s terms, distribution controls and applicable federal and state securities rules.

Stablecoin yield carries a separate regulatory question. The GENIUS Act prevents payment stablecoin issuers from paying interest or yield directly to holders, while rewards generated through exchanges, brokers, and DeFi protocols have remained part of congressional discussions.

Mantle and its partners describe the DeFi vault’s return as strategy-generated yield from sUSDS rather than a direct payment from a stablecoin issuer. Fluxion Points and GROVE incentives are provided separately from the underlying Sky savings return.

Tokenized-stock models also differ in how they treat U.S. securities. In August, Crypto.com introduced tokenized derivatives tied to 1,500 U.S. equities and ETFs for eligible users in the European Economic Area and other approved markets. Crypto.com said buyers receive price exposure but do not gain legal ownership or shareholder rights.

Regulated U.S. market operators are developing another model. The Depository Trust Company received a Securities and Exchange Commission no-action letter in December 2025 allowing a defined tokenization service for three years, covering eligible assets held in DTC custody.

Under DTC’s stated plan, potential assets include Russell 1000 stocks, major index ETFs, U.S. Treasuries and certain corporate bonds. The company selected Stellar for part of its multi-chain strategy and targeted the first half of 2027 for deployment.

Mantle tracks $820M in stablecoins and tokenized assets with new public dashboard

Zoomex Monthly On-Chain Report: July 2026

Crypto markets were broadly in the red on August 10, but a handful of tokens pushed firmly against the tide. Leading the charge was @CurveFinance's native token $CRV, which climbed 9% over 24 hours while the wider market slipped 0.3%. The move extended CRV's weekly gain to 26%, making it the standout performer among major tokens.

CRV extends its weekly runCurve Finance is a decentralized exchange built on Ethereum and optimized for low-slippage stablecoin trading. Its CRV token is used for governance, staking, and boosting rewards on the protocol. CRV's circulating supply sits near 1.53 billion tokens against a maximum supply of 3.03 billion, per CoinMarketCap. The largest single wallet holding is Curve's own Voting Escrow contract, which holds 35.38% of supply in locked veCRV rather than free-floating tokens. That structural lock-up limits sell pressure and can amplify price moves during periods of demand.

PUMP, Mantle, ICP and WLD round out the risersPumpFun's $PUMP added 5.3% on the day, bringing its weekly gain to 30%. The Solana-based memecoin launchpad has been generating renewed interest on the back of strong protocol revenue. Pump.fun generated $9.23 million in weekly revenue, its highest level since early March 2026, according to DeFiLlama, with annualized revenue reaching $455.5 million and cumulative revenue surpassing $1.22 billion. Part of the platform's fee income is used to buy back PUMP, creating a recurring source of demand for the token.

$Mantle was close behind with a 5.1% daily gain. Internet Computer (@dfinity) and Worldcoin $WLD rounded out the risers, adding 4.4% and 3.9% respectively, offering a rare spread of green across both DeFi infrastructure and consumer-facing Web3 projects.

The session underlined a familiar dynamic in crypto: on days when sentiment turns cautious across the board, select tokens with strong narratives or protocol fundamentals can decouple sharply from the market average.

Sources:
Pump.fun Hits Highest Weekly Revenue Since March (Crypto Times)
Curve DAO Token (CRV) overview (Coinpedia)

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Chainlink price has jumped more than 5% after Mantle completed the migration of its $2.5 billion Super Portal to Chainlink’s cross-chain infrastructure, extending a crypto market rally driven by softer U.S. inflation data.

Summary

Chainlink price rose over 5% after Mantle migrated its $2.5 billion Super Portal to Chainlink’s CCIP. Whale accumulation, rising open interest, and record wallet growth have strengthened LINK’s bullish momentum. Technical indicators point to $8.40 as the next key resistance, while losing $8.00 could weaken the rally. According to data from crypto.news, Chainlink (LINK) price traded around $8.29 after briefly touching $8.40, extending its weekly gain to roughly 7%.

The move came as Bitcoin climbed above $64,600 and Ethereum approached $1,875 after U.S. inflation data strengthened expectations that the Federal Reserve could adopt a less restrictive policy later this year. Total crypto market capitalization also advanced more than 3% to about $2.30 trillion.

Mantle’s infrastructure upgrade adds to a string of recent enterprise integrations for Chainlink. Aave recently selected the protocol for automated vault rebalancing, while Robinhood has incorporated Chainlink infrastructure into its expanding Layer-2 ecosystem.

Network adoption has also continued on-chain, with the number of non-empty Ethereum wallets holding LINK surpassing 900,000 for the first time.

On-chain accumulation suggests large investors positioned ahead of the announcement rather than reacting afterward. Wallets holding more than 1,000 LINK reached their highest level this year, while addresses controlling over 100,000 LINK expanded to a record 805.

These purchases absorbed much of the selling pressure created by the scheduled unlock of 21 million LINK tokens, reducing the impact of the additional supply entering circulation.

Derivatives traders have joined the rally. Open interest increased roughly 10% alongside the price advance, showing fresh leveraged participation instead of a short-lived spot spike. The combination of rising price and rising open interest typically suggests new positions entering the market rather than existing shorts simply closing.

Technical breakout places $8.40 and $8.70 in focus The daily chart shows LINK pressing against the upper boundary of a descending wedge that has contained price since early June. Tuesday’s rally pushed the token above $8.20 and toward immediate resistance near $8.40, where sellers rejected price earlier in the session.

Chainlink daily price chart — July 15 | Source: crypto.news A confirmed daily close above that level would strengthen the breakout case and expose the next resistance zone around $8.70, followed by psychological resistance near $9.00.

Momentum indicators have also improved. The daily RSI has climbed to around 60 after recovering from oversold territory, showing buyers have regained control without entering overbought conditions. The Aroon Up indicator has returned to 100 while the Aroon Down remains near single-digit readings, highlighting a renewed bullish trend.

On the 4-hour chart, the MACD has completed a bullish crossover above the signal line, while the Chaikin Money Flow remains positive above zero, showing capital continues to enter the market.

Chainlink 4-hour price chart — July 15 | Source: crypto.news CoinGlass liquidation data reinforces the technical picture. The one-week heatmap shows a dense concentration of leveraged short positions clustered between $8.15 and $8.30, many of which were cleared during the latest rally. Above current prices, another sizeable liquidity pocket sits around $8.45-$8.70, creating a potential magnet if buyers maintain momentum.

Chainlink liquidation heatmap | Source: CoinGlass Loss of $8.00 support would weaken the bullish case Several risks could still interrupt LINK’s recovery. Markets remain sensitive to upcoming U.S. Producer Price Index data and any Federal Reserve comments that challenge expectations for easier monetary policy. Renewed geopolitical tensions or another rise in oil prices could also reduce appetite for risk assets across digital markets.

From a technical perspective, failure to hold above the $8.20 breakout zone would leave $8.00 as the first important support.

A decisive break below that level could pull LINK back toward the $7.70-$7.50 demand area, where the liquidation heatmap shows another large concentration of leveraged positions. Such a move would invalidate the immediate breakout structure and postpone any attempt to challenge the $9.00 resistance zone.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Bridge security is one of those crypto topics that only gets attention when something breaks. Mantle’s decision to migrate Super Portal infrastructure to Chainlink CCIP is a reminder that serious networks cannot afford to treat cross-chain transfers as an afterthought.

The reason is simple: bridges have historically been among the most expensive failure points in crypto. When they fail, they do not just create technical headaches. They can threaten liquidity, confidence, and the credibility of whole ecosystems.

For more details, visit the official Chainlink platform.

TL;DR Mantle is migrating its Super Portal bridge infrastructure to Chainlink CCIP.The move is designed to strengthen cross-chain transfer security.Bridge infrastructure remains one of crypto’s most important risk points. Why Mantle’s Choice Matters Mantle is not just adding another integration badge. It is changing the infrastructure that helps assets move between environments. That makes the decision more consequential than an ordinary partnership headline.

Chainlink CCIP is designed to provide secure cross-chain messaging and transfer functionality. For a large ecosystem, using a more established cross-chain framework can reduce some of the risk that comes with maintaining custom bridge logic.

The Cross-Chain Security Race As more liquidity moves across L2s, appchains, and modular networks, the bridge layer becomes even more important. Users may not care what system handles the transfer, but they definitely care if funds get stuck or stolen.

That is why infrastructure upgrades like this matter. The next phase of crypto scaling will depend not just on faster chains, but on safer connections between them.

Why The Detail Matters Now The practical takeaway is that Chainlink stories now have to be read through both market structure and product execution. A headline can create attention, but the more durable signal is whether the underlying source points to real activity, a real filing, a real integration, or a measurable change in how users and institutions behave.

That is why this development is worth separating from ordinary market noise. It gives readers a specific point to track over the next few sessions rather than a vague reason to be bullish or bearish. If follow-up data confirms the direction, the story can build. If not, it still gives the market a clearer snapshot of where attention is concentrating today.

The Market Read The cleaner way to read this story is not to force it into a simple bullish or bearish box. For Chainlink readers, the useful part is the change in context. A new filing, integration, market signal, or regulatory step can alter how traders think about the next few sessions even when it does not instantly change price.

That is especially true after the last few volatile weeks, when crypto has been dealing with a mix of ETF flows, legal updates, exchange listings, protocol upgrades, and shifting liquidity. The market is no longer reacting to one dominant theme. It is weighing several smaller signals at once, and that makes source-backed developments more important than ordinary chatter.

Why Readers Should Keep This On The Radar For NewsBTC readers, the important question is what this changes from here. If follow-up data, filings, governance updates, or wallet movement confirm the direction, the story can develop into a larger market theme. If the next update is weak, delayed, or contradicted by new data, the market may quickly move on.

That is why the scope matters. This article is not treating the development as a guaranteed price trigger. It is treating it as a fresh signal inside a market that is trying to sort durable activity from short-term noise. The distinction is important because crypto narratives can move faster than the facts behind them.

The next thing to watch is whether this becomes part of a wider pattern. In some cases that means more institutional flows. In others it means stronger developer adoption, cleaner regulatory access, deeper exchange liquidity, or a clearer technical roadmap. Either way, the story is strongest if it is followed by measurable execution rather than another round of speculative headlines.

This report is based on information from Chainlink.

This article was written by the News Desk and edited by Samuel Rae.

DECRYPT: Mantle Migrates Assets From LayerZero to Chainlink

@Mantle_Official has confirmed it is migrating its Super Portal from @LayerZero_Core to @Chainlink's Cross-Chain Interoperability Protocol (CCIP), the latest in a string of high-profile departures from LayerZero that now totals over $7.2 billion in migrated value.

A Growing Exodus From LayerZero The backdrop to Mantle's move is a security incident that rattled the cross-chain sector. The shift accelerated after a $292 million exploit drained 116,500 rsETH from Kelp DAO's LayerZero-powered bridge in April 2026. The Kelp DAO exploit was not a failure of LayerZero's core smart contracts, but of its flexible security model. LayerZero allows applications to select their own Decentralised Verifier Networks (DVNs), off-chain actors responsible for validating events on a source chain before triggering an action on a destination chain. In the Kelp DAO case, the DVN was configured as a 1-of-1 set, meaning a single compromised verifier was sufficient to authorise fraudulent transfers.

That incident prompted a broad reassessment of cross-chain infrastructure across DeFi. Mantle joins Kelp DAO and Lombard Finance in the move to CCIP. Lombard migrated its over $1 billion in bitcoin-backed assets from LayerZero to Chainlink CCIP after a security review following the Kelp DAO exploit. Other protocols including Solv, Re.xyz, and Kraken have made similar moves. Johann Eid, chief business officer at Chainlink Labs, described the trend as "a continued flight to safety across the industry."

Why Protocols Are Choosing CCIP Chainlink's CCIP operates on a different, less flexible model. Each cross-chain lane is secured by a set of at least 16 independent, Chainlink-operated node operators, creating a high threshold for collusion or compromise. CCIP also integrates a separate Risk Management Network that monitors for anomalous activity and enforces value-based rate limits on each lane, acting as a circuit breaker to cap potential losses. Chainlink recently completed a SOC 2 Type 2 examination for CCIP, a compliance certification typically associated with enterprise cloud providers and financial infrastructure companies, making it the only major oracle and interoperability provider with that tier of certification. SOC 2 Type 2 means an independent auditor spent months verifying that Chainlink's security controls actually work as advertised over a sustained period.

For Mantle, the decision aligns with a broader platform strategy. The project said it is "thrilled to adopt the Chainlink standard," with its head of BD, Mark Veer, adding that the integration "enhances Mantle's cross-chain capabilities and strengthens our alignment with Chainlink's extensive ecosystem." Chainlink CCIP has supported over $28 trillion in cumulative on-chain transaction value and averages approximately $90 million in weekly token transfers.

Meanwhile, LayerZero has since removed support for 1-of-1 DVN configurations and announced plans to move most routes toward stricter 5-of-5 verifier setups. The protocol maintains significant volume, but the reputational damage from the Kelp DAO incident continues to shape infrastructure decisions across the sector.

Sources:
Mantle official blog: Mantle Adopts the Chainlink Standard
CoinDesk: Crypto firms move $4 billion in assets to Chainlink
Crypto.news: Chainlink CCIP draws $4B from LayerZero exodus

Mantle is moving its Super Portal, developed with Bybit, to Chainlink’s Cross-Chain Interoperability Protocol (CCIP), replacing LayerZero as the cross-chain infrastructure securing transfers of the MNT token across Mantle’s more than $2.5 billion ecosystem.

The company said the migration strengthens security through Chainlink’s decentralized oracle network and institutional-grade safeguards while giving Mantle direct control over its cross-chain token infrastructure under the Cross-Chain Token standard. The Super Portal will be suspended temporarily during the transition, with no action required from users.

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Emily Bao, a key advisor at Mantle, said the decision would provide institutional-grade security for MNT transfers as tokenized assets gain wider adoption.

“As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought,” Bao noted.

Mantle said the new infrastructure will enable MNT to expand across more blockchain networks as demand grows for cross-chain movement of tokenized assets.

Chainlink’s CCIP has gained momentum after several crypto projects such as Virtuals and Lombard migrated away from LayerZero in the wake of a high-profile DeFi exploit. The transition has resulted in more than $7.2 billion worth of cross-chain and wrapped assets moving onto Chainlink’s network since May.

“We’re continuing to see an industry trend of leading protocols upgrading their cross-chain infrastructure to meet the requirements of institutional adoption,” Johann Eid, Chief Business Officer at Chainlink Labs, stated. “Mantle’s migration to Chainlink CCIP reflects the growing recognition that secure-by-default infrastructure is critical for any cross-chain deployment to succeed at scale.”

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

The migration to Chainlink CCIP strengthens the security of MNT as it moves across chains, laying the foundation for Mantle’s strategy for powering the future of tokenized finance at scale.

DUBAI, UAE, July 9, 2026 /PRNewswire/ — Mantle, the premier distribution layer connecting traditional finance and on-chain liquidity, today announced the migration of its Mantle Super Portal, co-developed with Bybit, from LayerZero to Chainlink Cross-Chain Interoperability Protocol (CCIP). This upgrade brings the industry’s highest level of cross-chain security to MNT, the token underpinning Mantle’s $2.5B+ ecosystem, marking a significant step forward in hardening the infrastructure that moves value across the Mantle ecosystem.

With billions lost to cross-chain exploits, bridging infrastructure has emerged as one of the most security-sensitive surfaces in the industry, concentrating both the largest volume of value in transit and the greatest exposure to risk. Following a review of its cross-chain infrastructure to bolster higher ecosystem security, Mantle selected Chainlink CCIP as the solution that met its rigorous security requirements. Built on a defense-in-depth architecture, CCIP features:

Robust cross-chain security: CCIP establishes a strong security floor for all cross-chain transfers through the default use of Chainlink’s robust Decentralized Oracle Network (DON) infrastructure. Decentralized node infrastructure: Every CCIP bridge lane is secured by 16 independent, high-quality, and security-reviewed node operators. Advanced risk management: CCIP features native rate limits that act as circuit breakers to limit contagion during extreme scenarios. Institutional security standards: CCIP is SOC 2 Type 2 compliant, meeting the strict enterprise-grade security standards required by major institutions. As the value moving through the Super Portal accelerates, the security standard required to secure rises with it. Mantle’s migration to Chainlink CCIP reflects a calculated decision to meet that standard, driven by security and risk considerations, and to align with a broader industry shift towards secure-by-default infrastructure.

The Super Portal will be temporarily suspended during the migration, tentatively scheduled for 9 to 15 July 2026. As with any infrastructure migration of this scale, the window may extend slightly beyond this estimate to ensure a complete and secure transition. No action is required from users: existing MNT on Ethereum and Solana is unaffected, as are all interactions involving MNT on Byreal and Bybit, and transfers will resume automatically once the migration is complete.

A Security Upgrade for the Mantle Super Portal

The Mantle Super Portal, developed in collaboration with Bybit, is Mantle’s cross-chain hub for moving MNT between ecosystems. It currently connects MNT between Ethereum and Solana, with further routes planned as Mantle expands.

With this migration, MNT has deprecated LayerZero OFT and adopted the Cross-Chain Token (CCT) standard, with all transfers through the Super Portal now secured by Chainlink CCIP. Under the CCT standard, all transfer controls are configured by Mantle, providing full autonomy and ownership over its smart contracts and cross-chain token pool.

Beyond strengthening security, the migration establishes the foundation for MNT to interoperate across a wider range of chains, venues, and markets as Mantle grows, complemented by Bybit’s support for MNT deposits and withdrawals on Solana.

Chainlink CCIP is widely adopted across the blockchain industry to secure cross-chain transfers of high-value assets, as it is built on the same battle-tested Chainlink infrastructure that secures approximately 70% of DeFi and has enabled $32+ trillion in onchain value.

“As tokenized financial assets move from concept to scale, the infrastructure that carries them across chains cannot be an afterthought,” said Emily Bao, Key Advisor at Mantle. “Deprecating our legacy bridging solution and migrating the Super Portal to Chainlink CCIP brings every MNT cross-chain transfer in line with the security standards of the world’s largest financial institutions. It is the level of assurance the next phase of on-chain finance demands.”

“We’re continuing to see an industry trend of leading protocols upgrading their cross-chain infrastructure to meet the requirements of institutional adoption. Mantle’s migration to Chainlink CCIP reflects the growing recognition that secure-by-default infrastructure is critical for any cross-chain deployment to succeed at scale.” Johann Eid, Chief Business Officer, Chainlink Labs

Building the Secure Foundation for Tokenized Finance

As tokenized equities, money market funds, and other regulated assets increasingly move on-chain, the infrastructure carrying them is being held to the standards of traditional finance. Securing the Super Portal with Chainlink CCIP reinforces Mantle’s position as the distribution layer connecting traditional finance and on-chain liquidity, where security of this caliber is a precondition and builds toward Mantle and Bybit’s continued commitment to grow MNT through further integrations, opportunities, and use cases.

Mantle’s vision of a full-stack RWA layer, built on bedrock liquidity, aligns directly with Chainlink’s evolution into an all-in-one oracle platform powering real-world asset tokenization, collateral mobility, and composability across chains. That alignment extends into the infrastructure itself as Chainlink secures the flow of value, Mantle secures the rails it moves on.

As the ecosystem grows, Mantle will continue to deploy the most secure infrastructure available across its stack, matching the protection of every asset to the value it carries.

About Mantle

Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows. With over $2B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, and OP-Succinct.

For more information visit mantle.xyz.
For more social updates, please follow: Mantle Official X & Mantle Community Channel
For media enquiries, please contact: [email protected]

About Chainlink

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and the market leader powering the majority of DeFi. The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi.

Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, S&P Dow Jones Indices, FTSE Russell, WisdomTree, ANZ, and top protocols such as Aave, Polymarket, Lido, Lighter, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.

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Whale transaction counts on Lighter and Mantle have surged to six-month highs, according to the Santiment update published on July 7. The data arrives as spot altcoin volatility climbs, pulling attention back to on-chain signals that often precede meaningful price action. Lighter ($LIT) recorded 86 transactions exceeding $100,000, while Mantle ($MNT) logged 37 such large-wallet moves—both the highest levels seen in half a year.

The spike in LIT whale transactions appears tied to a cluster of catalysts that have rekindled interest around the protocol. Lighter operates as a perpetual DEX built for low-latency trading. Recent tokenomics adjustments—including buyback and burn mechanics and staking yield enhancements—have dovetailed with partnership announcements that signal product expansion. The combination has created a narrative that resonates with large traders looking for asymmetric opportunities in the derivatives layer, where volume can shift rapidly once a protocol gains traction.

Lighter’s Perpetual DEX Narrative and Tokenomics Overhaul Perpetual DEX protocols have been one of the more consistent sectors within DeFi through 2025 and into 2026, and Lighter’s positioning in this vertical gives it a meaningful wedge. When whale entities begin moving significant sums, it often reflects confidence that liquidity will remain deep enough to exit positions. The 86 large transactions registered by Santiment are a data point suggesting that professional participants see something in Lighter’s setup that retail hasn’t fully absorbed yet. Tokenomics redesigns—specifically buyback and burn models—can compress circulating supply in ways that appeal to funds that model token value based on supply-side dynamics. The staking yield layer adds another dimension, potentially locking up tokens and reducing sell pressure.

Still, caution is warranted. Whale transaction surges don’t always translate into immediate price appreciation. They can also signal distribution, or simply large players repositioning within the ecosystem. Without additional context—like exchange inflow data or wallet cohort breakdowns—the signal is directional but not definitive.

Mantle’s Real-World Asset Ambitions Attract Large Wallets Mantle’s whale activity spike comes alongside the network’s expanding push into real-world assets and tokenized equities. The ecosystem has been building toward tokenized stocks and pre-IPO vaults, themes that have gained institutional traction as the tokenization sector crossing $20 billion on-chain showed just weeks ago. Mantle’s native token $MNT has become a proxy for exposure to this narrative, and the 37 transactions over $100K captured by Santiment align with a period when tokenized Treasuries and equities are drawing more serious bids. Large wallets paying attention to an RWA-layered L1 or L2 is a pattern that played out on other chains before significant valuation repricings.

On the technical side, elevated whale activity on Mantle coincides with a broader push toward utility tokens that have a clear product roadmap. Developer engagement across layer-2 networks has remained high, as noted in recent developer activity data showing Ethereum-aligned chains retaining strong mindshare. Mantle’s bid for tokenization and equity infrastructure is distinct from the general DeFi arms race, which may be part of what’s drawing large wallets during a noisy altcoin period.

The divergence between whale behavior and retail sentiment stands out. While large addresses have been quietly accumulating or repositioning, the broader retail audience remains distracted by headline volatility and short-term price moves across the altcoin complex. If history is any guide, sharp increases in whale transaction counts can mark an early phase where informed capital begins to price in upcoming catalysts before public attention catches up. What remains uncertain is whether these moves are isolated to the Lighter and Mantle ecosystems or part of a broader large-wallet rotation toward tokens with concrete narrative backing—perpetual swap demand on one side, tokenized real-world assets on the other.

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Not every altcoin move shows up in price charts first. Sometimes the earliest signal comes from wallet behavior, and the latest on-chain snapshot from Santiment points to a notable uptick in whale conviction across two contrasting network plays: Lighter and Mantle. While the broader market sorts through altcoin volatility, large wallets are getting louder on both $LIT and $MNT.

According to the on-chain update, Lighter recorded 86 transactions valued above $100,000—the highest in six months. Mantle registered 37 such moves over the same threshold, also a half-year peak. The data arrives at a moment when retail attention is distracted by noise, making the divergence in whale positioning worth a closer look.

Perp DEX Demand Meets Buyback Economics Lighter’s whale spike doesn’t appear to be a single-wallet anomaly. The 86 transactions suggest multiple large players rotating into $LIT as interest in perpetual DEX infrastructure intensifies. The token draws from a combination of mechanism upgrades that include buyback-and-burn dynamics, staking yield, and a renewed discussion around tokenomics. When perp DEX volumes grow across chains, the projects that settle trades and capture fees become the kind of infrastructure whales watch closely.

Trading volumes have fanned out across layer-2 venues and alternative settlement layers in recent months. That has pulled attention toward chains and protocols that can grab even a small slice of the perp pie. Lighter’s positioning here is built around being lightweight and settlement-focused, and the timing of whale interest hints that some participants expect volume flows to tilt in its direction. Whether this translates into sustained on-chain activity or a short-term repositioning remains unclear, but six-month highs in large transactions rarely appear without a reason.

Mantle and the Real-World Asset Overlay Mantle’s whale signal is different in texture. It leans heavily on the network’s expanding real-world asset layer. With tokenized equities, pre-IPO vaults, and a broader push into bringing regulated instruments on-chain, RWA tokenization has crossed $20 billion on-chain in recent weeks, and Mantle has been building infrastructure that aims to capture some of that flow. The 37 transactions over $100K suggest whales are reading the RWA roadmap as something that could shift network utility beyond generic layer-2 competition.

What makes the Mantle signal interesting is that it arrives when altcoin rotation patterns remain uneven. Large wallet activity here implies that some allocators are treating $MNT less as a short-term volatility bet and more as exposure to the tokenization trend. The risk, as always, is that regulatory clarity on tokenized stocks and pre-IPO products remains patchy. Any delay or enforcement action could cool speculative interest fast, but for now the wallet data shows positioning, not exiting.

What the Signals Leave Unanswered Both Lighter and Mantle are seeing whale-level engagement at a time when recent altcoin breakouts have shifted trader attention across a range of tokens. High transaction counts over $100K usually indicate deliberate accumulation or large-scale redistribution, not bot activity. But the data can’t distinguish between new entrants and existing holders reshuffling positions. If these spikes are front-running upcoming catalysts, the follow-through will matter more than the initial signal.

What the Santiment observation does well is show where large wallets are active while retail remains hesitant. For traders watching on-chain flow rather than price gossip, the spread between whale behavior on LIT and MNT is a reminder that market structure narratives—perpetual swaps and real-world assets—are still drawing serious capital. The next data refresh will reveal whether these spikes mark the beginning of a larger trend or a temporary reallocation ahead of macro decisions.

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Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.