Waymo and Uber have officially ended their robotaxi partnership in Phoenix, Arizona. The breakup was finalized in May 2026, with public confirmation landing on June 29.
The partnership, which launched in 2023, involved just over a dozen Waymo autonomous vehicles integrated into Uber’s ride-hailing platform.
Advertisement
What happened in Phoenix Following the split, Waymo has pulled those vehicles back into its own fleet. They’re now accessible through the Waymo app and being used for DoorDash deliveries and Via Transportation partnerships.
Uber is expected to announce a new autonomous vehicle partner for Phoenix, signaling that its strategy was never about Waymo specifically.
Still partners, sort of The Phoenix split doesn’t mean a complete divorce. Waymo vehicles remain available through Uber’s app in both Atlanta and Austin, where their integration continues for now.
Both companies are also eyeing London as a future battleground.
The regulatory angle Beyond fleet logistics, Uber has been actively lobbying against proposed regulations in Washington, D.C. that it perceives as favoring Waymo.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
FunPlus Phoenix didn’t just win a Valorant match on July 10, 2026. They also moved over $1.5 million through prediction markets on Polymarket alone, turning a routine group stage opener into one of the most-traded esports events in crypto betting history.
The team swept Trace Esports 2-0 in the opening match of VCT 2026: China Stage 2, a result that surprised approximately nobody who’d been paying attention to the head-to-head record between these two squads.
The match and the money behind it FPX entered Group Alpha’s Best of 3 format with a commanding 6-3 historical advantage over Trace Esports. They proceeded to play exactly like a team with a 6-3 historical advantage, dropping zero maps in a clean sweep.
Advertisement
The roster got a notable upgrade heading into the tournament. Colin “coconut” Chung was signed as FPX’s new in-game leader on June 25, 2026, roughly two weeks before the opener.
Prediction markets across multiple platforms, including Polymarket, Coinbase Predictions, Limitless.exchange, and Bitget, facilitated active trading on the match outcome. The volume on Polymarket alone crossed $1.5 million.
Why crypto cares about Valorant matches Multiple major crypto-native platforms are competing to capture esports betting flow. Polymarket, which built its reputation on political prediction markets, has clearly expanded its ambitions. Coinbase Predictions entering the space signals that even the most compliance-forward US exchange sees opportunity here. Bitget’s involvement adds an international dimension, while Limitless.exchange represents the newer, DeFi-native approach.
The gap that still exists For all the activity happening around VCT China Stage 2, none of it is happening inside the event itself. No blockchain integration was identified within the broader tournament infrastructure. No NFT tickets, no on-chain tournament brackets, no token-gated fan experiences.
Riot Games, which operates Valorant and the VCT ecosystem, has shown no meaningful appetite for crypto integration in its tournament operations.
The VCT CN Stage 2 group stage runs through early August 2026, which means several more weeks of matches for prediction markets to trade on. If the $1.5 million figure from a single group stage match holds as a baseline, the cumulative volume across the full tournament could be substantial.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Key Takeaways Uber has terminated its autonomous vehicle collaboration with Alphabet’s Waymo in Phoenix, Arizona. The rideshare company is currently arranging a replacement autonomous vehicle partnership in Phoenix with an undisclosed provider. Waymo robotaxis continue operating through Uber’s platform in Austin and Atlanta markets. The partnership dissolution comes after Waymo issued a recall affecting approximately 3,900 self-driving vehicles due to software defects. Analysts maintain a Strong Buy rating on UBER stock with projected upside of 43.2%, though shares are down 8% in 2026. Uber Technologies (UBER) shares declined 0.92% following confirmation that the rideshare giant has discontinued its autonomous vehicle collaboration with Alphabet’s (GOOGL) Waymo subsidiary in the Phoenix, Arizona market. Meanwhile, GOOGL shares rose 4.82%, though this movement doesn’t appear connected to the partnership termination.
Uber Technologies, Inc., UBER
The dissolution of the Phoenix arrangement concludes a collaboration initially established in 2023. That original agreement integrated Waymo’s self-driving vehicles into Uber’s ride-hailing ecosystem and food delivery operations.
According to a Waymo representative, the autonomous vehicles previously deployed in the Phoenix pilot program have been reintegrated into Waymo’s proprietary fleet. Phoenix residents can continue accessing these robotaxis exclusively through Waymo’s dedicated application rather than Uber’s platform.
Phoenix’s Role as First Test Market The Phoenix market served as the inaugural testing ground for the Uber-Waymo collaboration. An Uber representative characterized the deployment as “an intentionally limited deployment,” involving approximately a dozen vehicles specifically allocated to this pilot program.
This relatively modest fleet size reflects the experimental nature of the Phoenix operation compared to Uber’s broader self-driving vehicle strategy. Despite terminating the Waymo arrangement, Uber maintains its commitment to autonomous vehicle services in Phoenix. The company is currently finalizing arrangements with an alternative AV provider, though the partner’s identity remains undisclosed.
Waymo’s robotaxis haven’t been completely removed from Uber’s service offerings. Customers in Austin and Atlanta can still access Waymo’s autonomous vehicles through the Uber application.
The partnership termination timing carries significance. This development follows Waymo’s recent recall of nearly 3,900 self-driving vehicles nationwide.
The recall targeted a software malfunction that potentially allowed vehicles to enter closed freeway construction areas and continue operating. Reuters identified the recall as contextual background for the Phoenix partnership dissolution, though neither organization has explicitly connected these events.
Uber’s Comprehensive Autonomous Vehicle Approach Uber has been aggressively expanding its autonomous vehicle partnership portfolio beyond Waymo. Current collaborators include Rivian, Amazon’s Zoox division, China-based Pony.AI, and Croatian startup Verne.
Notably absent from Uber’s AV partner roster is Tesla. The rideshare platform has not established any robotaxi arrangements with Elon Musk’s electric vehicle manufacturer.
During the first quarter 2026 earnings conference call, CEO Dara Khosrowshahi provided growth metrics to investors. He reported that autonomous vehicle mobility trips facilitated through Uber’s platform surged more than 1,000% compared to the previous year.
Uber currently operates autonomous ride services across eight metropolitan areas. Management has outlined expansion objectives to reach up to 15 cities before year-end.
Wall Street analysts remain optimistic about Uber’s prospects despite the stock’s challenging 2026 performance. The Strong Buy consensus recommendation reflects 28 Buy ratings alongside only two Hold ratings.
The average analyst price target stands at $108.12, suggesting potential upside of 43.2% from present trading levels.
UBER shares have declined 8% year-to-date, contrasting with the favorable analyst outlook. The company has not provided a timeline for revealing its new Phoenix autonomous vehicle partnership.
Waymo robotaxis are no longer available through Uber in Phoenix, ending a nearly three year partnership in the city.
The pilot ended in May after completing hundreds of thousands of autonomous trips. Waymo has moved the vehicles into its own Phoenix fleet, where riders can book them through the Waymo app.
Advertisement
Uber said it is preparing to launch another autonomous vehicle partnership in Phoenix but did not identify the company.
Waymo vehicles remain available through Uber in Austin and Atlanta, where the companies operate much larger fleets.
Phoenix was the only market where Waymo offered rides both directly and through Uber. The split comes as both companies expand separate robotaxi strategies and prepare to compete in markets including London.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
FunPlus Phoenix has signed Colin “coconut” Chung from JD Gaming to serve as the team’s new in-game leader, replacing Blendi “kovaQ” Kovaci in the role. The move reshapes FPX’s competitive identity just months after kovaQ joined the organization.
JD Gaming confirmed coconut’s departure on June 26, 2026, citing mutual agreement following discussions between the player and the organization.
Advertisement
A quick turnaround on the IGL position FPX brought kovaQ on board around March 12, 2026, recruiting the former Team Vitality player to anchor their VCT China Stage 1 campaign. That’s roughly three and a half months of runway before the organization decided a change was necessary.
Coconut, born April 4, 2003, had been competing with JDG through at least mid-2026. His departure from JD Gaming and immediate pickup by FPX suggests this wasn’t a spur-of-the-moment decision but rather a targeted acquisition.
What this means for FPX’s competitive trajectory Pulling a player from another VCT China team means coconut already understands the regional meta, the tendencies of opposing squads, and the pace at which the Chinese Valorant scene evolves.
For JDG, losing their IGL creates its own set of challenges. The organization will need to identify a replacement or restructure its existing roster around a new calling structure.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In the rapidly evolving crypto market, the robust activity plays a significant role. As per Phoenix Group, based on GitHub’s 12-month data concerning most active crypto assets, Internet Computer, Mina Protocol, and Sushi are dominating the others. The on-chain analytics provider took to social media to share the list of top active projects over the year.
Internet Computer Emerges as 1st Most Active Crypto Project During Past 12 Months Phoenix Group’s list of most active cryptocurrency projects during the recent twelve months includes Internet Computer ($ICP) at the 1st position. The project saw a staggering 7,071 commits and more than 100 contributors during this period. Subsequently, Mina Protocol ($MINA) is the top 2nd project with up to 4,274 commits. In addition to this, saw above 100 contributors in the meantime.
Following that, Sushi ($SUSHI) stands in the 3rd place with its commits reaching 3,207 in terms of number. Additionally, witnessed twenty-seven contributors cumulatively. Apart from that, Bitcoin ($BTC) has secured the 4th position with nearly 3,068 commits in total, with up to 99 contributors. The next project in this respect is Chainlink ($LINK) with almost 3,034 commits as well as 100+ contributors.
Along with that, Cosmos ($ATOM) is the 6th most active crypto project. Hence, it has effectively recorded 2,370 commits and 100+ contributors. It is followed by Rubic ($RBC) which has obtained 2,279 commits and 20 contributors to secure the 7th spot in the list.
eCash Bottoms List with 1,666 Commits and 100+ Contributors Phoenix Group’s list of most active crypto projects in line with GitHub’s 12-month data includes Storj ($STORJ) on the 8th rank. The project has gained 1,788 commits and 100+ contributors. After that, PancakeSwap ($CAKE) occupies the 9th position with 1,717 commits and 100+ contributors. eCash ($XEC) comes last in the list with its commits reaching 1,666 mark while it witnessed 100+ contributors.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
The latest crypto market insight published by Phoenix Group on June 16, 2025, outlined the latest digital assets, which are now in the accumulation phase. It shows the potential price trend and the interest of institutions.
Kaia (KAIA) and Ravencoin (RVN) Lead Short-Term Accumulation As far as the list is concerned, the most prominent asset is Kaia (KAIA) with its market cap of 921.2 million and a 4-day accumulation period. It implies rapid and aggressive positioning by whales or trading programs, which indicates an increase in trust in the project.
Right after is Ravencoin (RVN), a coin with a safe and asset-driven blockchain. RFVN is also in its accumulation phase on the fifth day; thus, its healthy market cap of US$291.8 million implies its constant accumulation interests as the token project stays relevant in facilitating the tokenization of creative assets.
Mid-Cap Crypto Momentum Builds Around Animecoin, Polyhedra, and UMA A bunch of mid-cap crypto tokens have also started their accumulation cycle, with 5 days of consecutive accumulation each. Animecoin (ANIME) is also following the trend of increased popularity of anime-themed digital economies with its market cap of $133.9 million.
Polyhedra Network (ZKJ) is a $130.5 million cryptocurrency project that joins the list in an expanded area of interest in zero-knowledge proof technology, where assets rely on Layer 2 privacy and scalability features.
UMA (UMA), long considered an established hub of decentralized financial contracts and synthetic assets, accumulates at U.S. $ 106.1 million, a sign of a possible reinvigoration of interest in DeFi tooling.
Extended Accumulation for Status (SNT), ICON (ICX), and Livepeer (LPT) Whereas most crypto tokens report brief phases of accumulation, others are recording long-term positioning. The next coin in accumulation mode is Status (SNT), a project with a capitalization of 158.9 million. With a reputation for being a privacy-focused mobile messaging and wallet system, a business position of SNT in the Web3 communications sphere is seemingly re-attracting attention.
ICON (ICX), which is also in an accumulation period of 12 days with a market value of 134.2 million dollars, has benefited from its current interchain connectivity projects. In the meantime, Livepeer, with a valuation of over $283.9 million, has been in a 14-day accumulation period.
Smaller Cap Projects Like Rarible and DEGO Attract Strategic Buyers In particular, smaller-cap projects are also making the list. Although valued at a relatively low amount of 17.9 million dollars, Rarible (RARI) decentralized NFT marketplace is accumulated over 5 days. That can show hope even in niche NFT ecosystems or a possible renaissance of a creator-centric platform.
Dego Finance (DEGO) has a low crypto market capitalisation of $22.9 million as it enters a 12-day accumulation mode. Since DEGO is centred on modular DeFi and NFT tools, this sustained interest can be a prelude to a comeback or further combination in larger protocols.
AUTHOR
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.
Renowned trader D.I.Y. Investing says the XRP Ledger is on the brink of a major breakthrough, urging traders to get involved early while prices remain low.
In a tweet, he emphasized the urgency for traders to load up on XRP in their wallets and begin trading altcoins on the XRPL as soon as possible. He stressed that the network is on the verge of a significant breakthrough.
According to the trader, there are life-changing opportunities still trading at “pennies on the dollar” on the XRPL. Consequently, he warned traders not to overlook the potential of this ecosystem.
XRP Ledger: Home to the Next Altcoin Boom? The XRP Ledger is a decentralized, open-source blockchain known for its fast settlement times, low fees, and built-in DEX functionality. Although it has existed since 2012, its altcoin ecosystem is only now attracting growing attention due to the recent introduction of additional features.
A few months ago, Ripple CTO David Schwartz voiced support for the rising meme coin trend on the XRPL after accepting a gift of 15 DROP tokens from the team behind the DROP meme coin. Sharing his wallet address, Schwartz said he “likes this trend,” signaling a positive stance toward community-driven tokens.
The trend gained momentum following the launch of Memepad on Magnetic X DEX, a platform enabling users to create and launch meme tokens. According to The Crypto Basic, over 70 new meme coins emerged shortly after the debut.
Now, D.I.Y. Investing’s remarks suggest that the next wave of gains may not come from mainstream chains but from underexplored ecosystems like XRPL, where valuations are still modest and trading activity is just beginning to heat up.
What Will the Next Boom Look Like? The XRP coin leads the XRPL ecosystem with a market cap of over $182 billion. At press time, XRP is trading at a seven-day decline of 11.3%, priced at $3.08.
According to D.I.Y. Investing, most market participants have no idea how massive the incoming XRP breakout could be. He suggested that the recent 70% surge in XRP might pale in comparison to what’s coming next, calling this the moment long-term holders have been waiting for.
In particular, he is forecasting prices as high as $30, a massive increase of 874%. For context, this would push XRP’s market cap from $180 billion to over $1.177 trillion.
Most people have no idea how big this $XRP breakout is about to be 📈
If you’ve been stacking since $0.15 — this is the moment we’ve waited years for.
The path to $30 XRP is real… and I’ve never been more serious. #XRP #XRPL pic.twitter.com/FFDnNjbaba
— D.I.Y Investing (@vajolleratzii) July 24, 2025
Other XRPL Tokens Another leading token in the XRPL ecosystem is Sologenic (SOLO), which ranks just below XRP with $177 million cap. It is currently trading at $0.444, a 12% discount from last week’s price.
Despite the dip, SOLO retains an impressive 30-day gain of 80%, highlighting its strong performance during the recent global crypto bull run.
Other XRPL ecosystem tokens trading at significant discounts from their weekly highs include Phoenix (PHNIX), PONGO, XRPayNet, and Lucretius (LUC). These tokens have market caps ranging from $237,000 to $33 million.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
In the dynamic realm of cryptocurrency investments, the Initial DEX offerings of Polkastarter have gained significant attention from investors. As per Phoenix Group, a prominent on-chain analytics platform, the top ten Polkastarter IDOs in terms of ROI include Ethernity, Thetan World, SperVerse, Wilder World, PAID Network, Dfyn, Polkamarkets, Push Protocol, Convergence, and MahaDAO.
Ethernity Leads the Polkastarter IDOs Based on Returns on Investment Phoenix Group shared the list of the prominent Polkastarter IDOs, with Ethernity ($ERN) dominating the rest. The IDO has reportedly seen an all-time high ROI of up to 269.62X. However, at present, its ROI stands at 8.15X. Subsequently, Thetan ($THG) secures the 2nd place in the list with its maximum ROI of 264.17X. The IDO’s present ROI is 0.16X. The top 3rd position on the list is taken by SuperVerse ($SUPER). It has reportedly seen an all-time high ROI of almost 188.75X. Nevertheless, the current ROI of the IDO is 54.05X.
Wilder World ($WILD) gets the 4th spot on the list. The respective IDO has witnessed an ATH ROI of 156.41X. On the other hand, the project’s present ROI is just 4.80X. The list moves on to include PAID Network ($PAID) in the 5th position. The IDO has effectively reached 145.38X in terms of its all-time high ROI. However, it currently shows a 1.16X ROI. The 6th player is Dfyn ($DFYN). The IDO has experienced an 86.66X ATH ROI. Contrarily, the present ROI of the project stands at 0.06X.
MahaDAO Bottoms the List with 43.84X ATH ROI The 7th spot is occupied by Polkamarkets ($POLK). It has recorded an 83.23X ATH ROI. At the moment, its ROI level is 0.29X. Push Protocol ($PUSH) has seized the 8th position with its ATH ROI reaching a 72.29X level while its current ROI is 0.62X. Convergence has gained the 9th position with a 55.14X ATH ROI and 0.13X current ROI. MahaDAO ($MAHA) emerges as the last Polkastarter IDO in the list with a 43.84X ATH ROI. 1.99X is its present ROI.
In summary, Polkastarter’s top IDOs have demonstrated impressive returns on investment, showcasing the platform’s potential for high gains despite market fluctuations. This performance underlines Polkastarter’s appeal to investors seeking early-stage opportunities in the crypto space.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Phoenix Group has issued its most recent crypto market snapshot of February 17, 2026, which lists what it refers to as the top crypto assets within the Accumulation Zone. The data show that a number of prominent altcoins are registering significant market volumes and price fluctuations over the last seven days, indicating that they are being accumulated amid a mixed performance over the short term.
The accumulation stage is often an indicator of a time when investors quietly accumulate ahead of a possible breakout. Phoenix Group observes that volumes of trading are usually high during such times than normal.
Render and Bonk Lead Weekly Gains The largest market capitalization in the group is that of Render (RENDER) at $764.5 million. In the last 7 days, RENDER showed a good rise of 10.54 percent to place it among the top performers in this accumulation basket. The upward trend of the project indicates long-term trader interest.
The next one is Bonk (BONK) with a market cap of $574.6 million and a 7.12 percent growth per week. Being a meme-based token that is highly engaged in the community, BONK remains a magnet to speculative flows. The upward trend throughout the week is indicative of rejuvenated risk-taking by some market segments.
Stacks (STX) has a market cap of $477.9 million and an increase of 3.11 percent in the same period. The medium growth means the stability in comparison to tokens with high volatility in the list.
Mixed Performance Signals Crypto Market Rotation Not every crypto asset in the accumulation zone registered gains. Decred (DCR) with a market capitalization of $413.3 million fell by 9.06 percent in the last one week. Although it declined, Phoenix Group continues to classify it as part of the accumulation stage, meaning that price weakness does not always eliminate underlying positioning action.
Story (IP), which has a valuation of $406.2 million, fell by 1.61 percent. Curve (CRV) recorded 2.00 percent growth, and it has a market capitalization of $372.6 million. One of the most impressive performances of the week was in the humanity (H), which shot up by 26.70 percent and its market capitalization stood at $352.5 million. It is such a rapid growth that indicates an increase in speculative momentum or new capital flows.
Kaia (KAIA) increased by 5.17 percent and it has a market capitalization of $341.0 million. Another meme-oriented asset, FLOKI (FLOKI) was up 6.38 percent and has a valuation of $306.2 million. The Sandbox (SAND) recorded a 0.63 percent growth and a market capital of $230.8 million.
What the Accumulation Phase Suggests Phoenix Group says that the accumulation phase is marked by the convergence of crypto asset performance and critical measures in a manner that indicates structured buying. Volumes during this period are normally high. The company attributes this movement to either algorithmic trading or to bigger investors accumulating gradually without causing sharp price movements.
Accumulation in most crypto market cycles is followed by a wider mark up period. These zones are the ones that are mostly followed by traders, as they can provide an early indication of where the capital can move the next. This does not necessarily mean that accumulation will be followed by immediate increases though. Prices may either converge or even further reduce before a breakout.
Mid-Cap Altcoins in Focus The fact that mid-cap tokens are concentrated in this list reflects a larger theme in the current crypto market environment. Instead of concentrating on large-cap leaders, it seems that traders are looking into crypto assets with expansion potential but well-established liquidity profiles. The tokens include RENDER, BONK, STX, and CRV, which merge familiar branding with medium-valuation, which may appeal to retail and institutional players.
The variety in the basket, which includes projects focused on infrastructure and meme coins and metaverses, such as SAND, means that the signs of accumulation are not limited to the one-story. Rather, capital appears to be diffusing through various fields of the crypto asset ecosystem.
AUTHOR
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.
The decentralized exchange (DEX) industry had a total weekly trading volume of $59.51 billion which is the latest market snapshot provided by Phoenix Group as of February 20, 2026. The market had experienced a very steep weekly 31.87% drop in activity, in spite of the high aggregate number, an indicator of more extensive cooling of the crypto markets.
Meanwhile, DEX and CEX supremacy were at 14.63%, meaning that centralized exchanges still take control of the largest portion of trading operations. Nevertheless, decentralized platforms continue to form one of the most essential pillars of on-chain liquidity especially to DeFi-native users and token ecosystems.
Uniswap Maintains Clear Lead Across DEX Platforms Uniswap was again voted the biggest decentralized volume exchange. The platform also achieved a trading volume of $12.49 billion seven day trading and $2.10 billion 24 hour trading which is much higher than that of its rivals.
The deep liquidity pools and wide multi-chain coverage of the protocol still remain appealing to traders even when the market is slowing down. Its weekly performance contributed a considerable part to the overall DEX activity, which proves its dominance in decentralized finance.
PancakeSwap and Raydium Strengthen Multi-Chain Competition PancakeSwap was placed second with the weekly volume of $4.66 billion and the 24-hour volume of $582.36 million. The exchange is still enjoying high activity in BNB Chain and other networks supported, which keeps it relevant in both the retail and ecosystem-driven trading flows.
Raydium came in the third place with an initial balance of $2.27 billion in weekly volume and $413.10 million daily volume. With Raydium being one of the primary liquidity destinations in the Solana ecosystem, it is likely to continue acting as one of the hubs of token launches and on-chain swaps, especially with Solana-based activity stabilizing following a recent downturn.
Aerodrome, Orca, and Balancer Hold Mid-Tier Positions Aerodrome closed with $1.93 billion in weekly trading volume as well as $250.78 million in 24-hour activity. The platform is still building its presence as a liquidity engine in developing Layer-2 ecosystems.
Another DEX native to Solana, orca, had $1.63 billion weekly volume and $230.44 million within the last day. Its steady performance reflects guaranteed popularity of Solana-based decentralized trading pairs.
Balancer recorded weekly volume of $1.08 billion backed by daily trades of $211.88 million. Having a reputation of customizable liquidity pools and weighted token models, Balancer continues to have a stable institutional and DeFi-native activity even in weaker markets.
Meteora and Curve Reflect Shifting Liquidity Dynamics Meteora created a volume of 7 day trading of $1.01 billion and 24-hour volume of $134.71 million. This protocol has been popularized via dynamic liquidity solutions and focused liquidity solutions that are capital efficient.
Curve made $935 million in weekly trade and $199.02 in daily trades. Its seven-day total saw it fall short of the $1 billion mark, but its daily value shows it was being used in stablecoin and correlated-asset swaps. Curve has continued to be a backbone of DeFi liquidity, especially in stable trading pairs.
Hyperliquid Rounds Out Top DEX Rankings Hyperliquid also featured in the top rankings with the trading volume being at 828 million weekly and 90.70 million 24-hour activity. The platform has been building up its niche in decentralized perpetuals and sophisticated trading infrastructure.
Despite an overall DEX market contraction of 31.87% per week, total activity of more than $59 billion indicates the strength of the sector. The 14.63% DEX versus CEX dominance figure indicates that centralized exchanges are in the dominant position in terms of aggregate market share, but the decentralized venues remain capturing significant liquidity during the bullish and corrective cycles.
With volatility reentering the digital asset markets, liquidity does appear to be concentrated to the top platforms including Uniswap, PancakeSwap, and Raydium, which implies that traders will find comfort in established infrastructure when uncertain. The next few weeks will show whether the trading volumes will stabilize or further decline.
AUTHOR
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.
Phoenix Group has published its most recent crypto market snapshot, which shows the digital assets that are in the accumulation stage as of February 23, 2026. The report lists ten tokens with sustained accumulations in both trading and positioning, which argues that investors are quietly building up exposure. The data show that crypto assets in various industries, such as DeFi, metaverse, infrastructure, and payments, are undergoing significant accumulation periods of between three days and thirty days.
The accumulation phase as identified in the report is characterized by a period of above normal trading volumes which is usually systematic positioning by larger market participants or algorithm trading systems. Although price volatility could be mild at this phase, on-chain indicators and liquidity flows can indicate underlying demand.
Short-Term Accumulation: Orca and GoPlus Lead Early Moves Orca (ORCA) has one of the shortest accumulation periods, with a market capitalization of $58.6 million today and three days of accumulation traced. Decentralized exchange protocol Orca seems to be experiencing a resurgence of interest following a comparatively silent period.
GoPlus (GPS) ranks second with a market capitalization of $57.2 million and an accumulation period of twelve days. The Web3 infrastructure project with security in mind has been gaining momentum steadily, implying that traders might be preparing for the possible developments in the ecosystem.
Mid-Cap Crypto Assets: Zilliqa, Somnia, and Fluid Zilliqa (ZIL) has an accumulation period of seventeen days, which is backed by a market capitalization of $82.1 million. Being a scalable, enterprise-oriented layer-1 blockchain, Zilliqa has a long build, so it is unlikely that the interest of investors will fade into a short-lived speculative peak.
Somnia (SOMI) is worth $31.8 million and has accumulated over eighteen days. Somnia, with a small market capitalization relative to Zilliqa, has just under three weeks to build, thus suggesting constant positioning.
The best performer in this segment is fluid (FLUID) with a market capitalization of $157.0 million and an accumulation of twenty-three days. Its greater valuation and the extended period of build might indicate institutional or high-volume trader participation.
Extended Accumulation: Boundless, Kaia, and Infinit Boundless (ZKC) is on its twenty-five-day accumulation mark, but it has a relatively small market capitalization of $19.8 million. In lower-cap tokens, the accumulation breaks out as a sharp movement of the token.
Kaia (KAIA) leads the list in market capitalization of $318.0 million, and has maintained twenty-seven days of accumulation. Its valuation position is close to the upper end of the spectrum, indicating that there might be substantial capital flowing into the crypto asset.
Infinit (IN) with its twenty-seven days of accumulation has a market cap of $19.2 million dollars. Although its size is smaller, the corresponding time period with Kaia includes constant involvement instead of the occasional bursts.
Thirty-Day Leaders: The Sandbox and Alchemy Pay Sandbox (SAND) and Alchemy Pay (ACH) lead in the rank of duration, with a record of thirty days in growth. The metaverse-oriented platform, the Sandbox, has a large market capitalization in the form of a substantial 212.7 million dollars. An entire month of accumulation usually represents systematic positioning as opposed to a short-term purchase.
Alchemy Pay has a $72.3 million market cap, which reveals month long accumulation period as well. Being a crypto-fiat payment gateway provider, its prolonged build may indicate a new revival of payment infrastructure stories.
Crypto Market Implications of the Accumulation Trend The variety of assets on the list of Phoenix Group demonstrates a mixed activity in the digital asset market. Ranging from the decentralized exchange, the likes of Orca, to the infrastructure projects such as Zilliqa, metaverse exposure via The Sandbox, payment solutions like Alchemy Pay, and the new tokens such as Boundless and Infinit, it seems to cut across a variety of verticals.
The coming weeks will decide whether these assets will turn quiet positioning into general market rallies with accumulation periods of between three days and thirty days. At this point, the recent statistics of Phoenix Group indicate that strategic capital management remains under the radar of the crypto market.
AUTHOR
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.
Major developments unfolded in Abu Dhabi (UAE capital) and Doha on March 4th. Abu Dhabi hosts headquarters for several leading AI and cryptocurrency institutions, including AI R&D/cloud computing giant G42, AI asset management firm MGX, the Middle East’s largest Web3/Bitcoin mining company Phoenix Group, ADGM, and Hub71.
Relevant content
Vice President of Strive: Strategy's STRC Has Essential Differences from the Luna/UST Model
Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."
13 minutes ago
trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)
According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.
13 minutes ago
Japanese storage chip manufacturer Kioxia's share price rose more than 12%
According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.
13 minutes ago
Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.
According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.
13 minutes ago
The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.
According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
13 minutes ago
James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
Several cryptocurrencies have seen a surge in market attention this week, as recent data highlights a shift in investor sentiment despite geopolitical challenges in the Middle East. Information shared by the analytics platform Phoenix Group emphasized that certain digital assets have become increasingly prominent on major exchanges such as Binance, as broader macroeconomic instability drives both caution and opportunity among traders.
Market volatility follows regional conflict impactThe current conflict in the Middle East, particularly disruptions in the Strait of Hormuz, has injected new volatility into global markets. This development has also rippled into the cryptocurrency space, leading to heightened swings in crypto valuations and increased trading volumes as investors respond to uncertainty in oil flows and logistics.
With uncertainty affecting traditional assets, digital currencies are being closely watched for clues on changing investor strategies. Binance, consistently ranked as the world’s largest cryptocurrency exchange by volume, has become a focal point for the shifting dynamics, as traders gravitate towards trending coins exhibiting significant movement or perceived potential.
Phoenix Group, known for its blockchain research and real-time analytics, tracked emerging trends by monitoring both price action and capital flows. The group’s analysis has spotlighted several coins standing out for notable activity, including sudden surges in demand, new token launches, and heightened social media presence.
As a result, the roster of leading coins this week has reflected both established tokens and newer entrants, shaping the discourse in trading communities and fueling speculation about possible continued outperformance.
Trending crypto assets and key developmentsMonad (MON) was identified as the most actively discussed and traded token this week, registering a price increase of 26.9%. This activity signals growing interest in Monad’s decentralized network, supported by significant inflows from both individual and institutional participants.
Pippin (PIPPIN), an AI-powered meme coin built on Solana, ranked second in trading popularity. Despite its price falling 26.8% over the week, increased accumulation by retail and more experienced investors suggests a strategy of buying during price dips, indicative of optimism about future growth.
Hyperliquid (HYPE) also made the top trending list, entering what analysts describe as an accumulation phase. With a current price of $35.79 and recent declines of just over 10%, the coin is drawing buyers anticipating a potential recovery, resulting in steady silent trading activity.
EdgeX (EDGE), a decentralized exchange focusing on perpetual futures and spot trading, has observed renewed buying interest after its native token’s launch on April 3. As a new entrant, EdgeX has rapidly captured user attention, propelling it among the top performers on Binance in its first days of trading.
Puffer Finance (PUFFER), known for its liquid restaking approach, rounded out the top five. A 42.7% weekly price increase highlights a substantial uptick in institutional interest and accumulation by large holders, underpinning what some see as the start of a longer-term upward trend.
Completing the group of highlighted assets are StakeStone (STO), Pi Network (PI), Sui (SUI), Berachain (BERA), and Core (CORE), each exhibiting robust market activity according to Phoenix Group’s observations.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
PANews reported on April 14 that Livio Weng, CEO of Newfire Group, recently gave an exclusive interview to Phoenix TV, offering his insights on the issuance of stablecoin licenses in Hong Kong and the industry's development. He stated that the regulatory move is prudent and reasonable, avoiding the "sprinkling pepper" effect caused by resource dispersion and significantly improving the certainty of compliant project development. At the same time, the Hong Kong dollar stablecoin sector urgently needs to seize this opportunity to achieve a leapfrog development.
Livio Weng stated that the success of stablecoins relies on large-scale application and a complete ecosystem collaboration. Too many licenses can easily lead to resource fragmentation and inefficient "pepper-sprinkling" competition, which in turn hinders the overall development of the industry. As a leading digital asset service company in Hong Kong, Newfire Group has seen significant customer growth in the past six months, with a considerable number of clients expressing demand for stablecoins. Therefore, we also plan to establish a stablecoin trading and asset management business in the next six months.
In addition, Livio revealed in the interview that AI Agent will be a key force driving the large-scale application of stablecoins for a long period of time.
On May 5, Jito Labs—the Solana ecosystem’s staking protocol—announced plans to launch JTX, a consumer-focused crypto trading app, in July this year. This marks its official shift from the infrastructure layer to front-end transaction services. Early versions of JTX will support Solana-based spot trading, with plans to later integrate perpetual contracts and prediction market functionality. Access to the perpetual products may be facilitated via Phoenix, a trading platform within the Solana ecosystem. Founded in 2021, Jito currently has approximately 39 employees and holds over $1 billion in cash. The company delivered strong performance in 2025, once generating nearly $6 million in revenue in a single week amid popular on-chain transactions on Solana (such as the meme coin craze). Last year, it secured a $50 million investment from Andreessen Horowitz’s crypto fund. Jito CEO Lucas Bruder stated the firm is no longer content with merely providing underlying infrastructure. Instead, it aims to directly reach users through in-house developed apps to enhance the on-chain transaction experience.
Relevant content
Vice President of Strive: Strategy's STRC Has Essential Differences from the Luna/UST Model
Strive Vice President Joe Burnett wrote in an article that prior to the TerraUSD collapse, roughly $18.7 billion in UST was in circulation, backed by just $3.1 billion in Bitcoin reserves, and UST allowed immediate redemptions. Currently, Strategy holds around $51.5 billion in Bitcoin, corresponding to a circulating STRC supply of approximately $10.5 billion, while STRC is not an immediately redeemable asset. He stressed that the two differ significantly in collateral structure, asset coverage ratio, and redemption mechanism, noting "they are clearly completely different models."
13 minutes ago
trade.xyz launches contract trading for Japanese storage stock Kioxia (KOXIA)
According to official announcements, trade.xyz has launched contract trading for Japanese storage stock Kioxia (KOXIA), supporting up to 10x leverage. The Kioxia (KIOXIA) product tracks the value of each common share of Kioxia Holdings Corporation, listed on the Tokyo Stock Exchange (stock code: 285A). Its price conversion mechanism converts the underlying Japanese stock price from yen to U.S. dollars based on the current USD/JPY exchange rate. Kioxia manufactures NAND flash memory and solid-state drives (SSDs) for use in data centers, consumer electronics, mobile devices, and enterprise storage.
13 minutes ago
Japanese storage chip manufacturer Kioxia's share price rose more than 12%
According to Bitget market data, the share price of Japanese storage chip manufacturer Kioxia Holdings (铠侠) surged by 12%.
13 minutes ago
Coinbase secures Luxembourg’s MiCA license, to base its EU operations in Luxembourg.
According to an official announcement, Luxembourg has officially become Coinbase’s registered MiCA Home under the EU’s Markets in Crypto-Assets (MiCA) framework. Moving forward, Coinbase will use Luxembourg as its EU business hub to provide compliant crypto asset services for users across EU member states.
13 minutes ago
The KyberSwap attacker has transferred another 2000 ETH to Tornado Cash, with over 80% of the stolen funds now laundered.
According to PeckShield’s monitoring, an address identified as the KyberSwap attacker has once again transferred 2,000 ETH to Tornado Cash. Over the past two years, this attacker has cumulatively transferred and mixed 16,100 ETH via Tornado Cash, equivalent to roughly $40 million at current prices, accounting for over 80% of the $48.8 million lost in the KyberSwap attack in November 2023. Some of the stolen funds have not yet been fully transferred.
13 minutes ago
James Wynn closed out his 40x Bitcoin short position, netting $30,000 in profits, and shifted to opening a 50x S&P 500 short position.
According to monitoring by OnchainLens, James Wynn has liquidated his 40x leveraged Bitcoin (BTC) short position, pocketing roughly $30,000 in profit. He subsequently opened a new 50x leveraged S&P 500 (SP500) short position at a price of 334.42, betting on a future decline in the US stock market.
PANews reported on May 13 that U.S. Treasury Secretary Bessenter's plane arrived in Beijing before U.S. President Trump. According to Phoenix TV reporter Ji Hongying's on-site report, Bessenter departed for China after concluding U.S.-China trade talks in South Korea, arriving in Beijing ahead of President Trump. His C-40 aircraft appeared at Beijing Capital International Airport at around 5 p.m. on May 13.
Solana’s budding perpetual futures race is generating more tweets than trades, with community members and builders airing their frustrations over perceived favoritism towards Phoenix Trade.
Critics argue that ecosystem leaders like Solana Labs co-founder Anatoly Yakovenko are over-promoting venues like Phoenix. Meanwhile, supporters claim that “all teams don’t deserve attention from the Foundation”, and resources should go towards teams that help the Solana Layer-1 succeed.
Perhaps buoyed by the open discussion of the virtues and flaws of its protocol, Phoenix Trade recorded a new all-time high in daily volume, signalling a steady growth trajectory since the launch of its private beta.
Solana Leaders Under Fire for Promoting Ecosystem Products Solana community members are once again divided by the social media behavior of the network’s leadership. With Solana’s perpetual futures sector still trailing far behind rival chains, co-founder Anatoly Yakovenko and other high-profile ecosystem leaders have lent their support to Phoenix Trade, an emerging perps DEX.
Widespread support for Phoenix Trade has struck a sour note among Solana network participants and builders, who claim that leadership is biased towards certain products over others.
Conversely, experts justify Solana leadership’s support on the grounds that Phoenix represents Solana’s first true perps venue. Where competitors like Pacifica and GMTrade, Solana’s leading perps venues by trading volume, rely on offchain or oracle-dependent execution, Phoenix operates entirely on Solana’s Layer-1.
As a result, the fully onchain venue generates more onchain activity and brings economic value to the network in a way that its competitors do not.
Multicoin Capital Co-Founder: “The Solana Foundation Should Not Be Neutral” The discourse has reignited debate on the Solana Foundation’s role within the ecosystem. While many have argued that the Foundation, using its various distribution channels and influence, should remain neutral, ecosystem leaders assert that the non-profit organization should only support the best teams.
Builders from the chain have further downplayed the influence the Solana Foundation has on the success of ecosystem projects.
Commentators noted that many of Solana’s biggest applications, like Jupiter, Pumpfun, and Phantom have succeeded without significant investment and distribution from Solana leadership.
Phoenix Trade Records $4.3M in Daily Volume, a New All-Time High With traders from across the crypto industry all fixating on the newest entrant to the perps race, Phoenix is enjoying a steady uptick in volume.
Amidst the theatrics of public debate, Phoenix’s daily trading volume rose to $4.3M, recording a new all-time high for the emerging venue.
Outside of Phoenix, Solana’s perps sector is showing renewed signs of life. Trading data from the network’s leading venues suggests that daily trading volumes climbed past 2.5B on May 11, placing Solana second among all chains for the first time in 48 weeks.
GMTrade currently leads the market, accounting for 71% of the chain’s total perps volume. However, this volume is likely inflated by an ongoing incentives campaign designed to reward traders who generate volume on the platform.
For Phoenix, an emerging product still in its infancy, attracting meaningful volume is something of a chicken-and-egg problem. Despite its technical prowess, critics argue that Phoenix is inhibited by low volumes and thin order book liquidity, which can cause slippage on large trades. Serious traders require volume and liquidity depth, which can only be provided by having a sizable cohort of traders already using the venue.
Historically, incentives campaigns and airdrop promises have been the go-to user-acquisition strategy for emerging perps exchanges. Attracting retail liquidity effectively solves the cold start problem, laying a foundation of retail liquidity that attracts activity from market makers.
Phoenix has communicated several times that it does not intend to launch a native token, which has so far discouraged retail traders from deploying capital on the venue.
Read More on SolanaFloor Sanctum Holds Strong in the face of DeFi Deposit Flight
Sanctum $SOL-Denominated TVL and Revenue Undaunted by 2026 Market Decline
Hyperliquid has overtaken Solana on a fully diluted valuation basis, according to Arkham, adding a new market marker to one of crypto’s most closely watched comparisons: the rise of application-heavy, revenue-generating chains.
Arkham summarized the move directly on X, writing: “Hyperliquid has flipped Solana by FDV.” The accompanying Solana market page shows SOL trading around $86.51, with a fully diluted valuation of roughly $54.22 billion, a circulating market capitalization near $49.99 billion and 24-hour volume of about $2.74 billion. The same screen listed Solana’s current supply at 577.86 million SOL and max supply at 626.75 million SOL.
On Arkham’s Hyperliquid page, HYPE was shown trading at $56.71, giving the network a fully diluted valuation of about $54.57 billion. That puts it slightly above the Solana FDV shown in Arkham’s Solana screenshot, at roughly $54.22 billion. The comparison is notable because Hyperliquid’s circulating market capitalization was much smaller, at about $13.28 billion, reflecting a current supply of 238.39 million HYPE against a max supply of 962.27 million. Arkham also showed 24-hour HYPE volume of roughly $1.20 billion, with the token trading near its listed all-time high of $59.30.
Hyperliquid has flipped Solana by FDV. pic.twitter.com/rDF5FRg4TK
— Arkham (@arkham) May 21, 2026
Hyperliquid And Solana Lead All ‘Revenue Chains’ The FDV flip comes as Hyperliquid has also been showing up at the top of crypto revenue rankings. In post on X, Bitwise CEO Hunter Horsley lists Hyperliquid with $790.55 million in total revenue, ahead of Solana at $532.34 million. TRON followed at $471.20 million, while Ethereum was shown at $425.56 million.
Horsley framed the comparison less as a zero-sum fight between HYPE and SOL and more as evidence of a broader category emerging inside crypto.
“There’s a new class in crypto: the revenue chains,” Horsley wrote. “The leaders are Hyperliquid & Solana. Both do some overlapping things, and some different things. Both have exceptional communities, usage, use cases, etc.”
That framing matters because the Hyperliquid-Solana comparison is not purely about market capitalization. It is also about where users, liquidity and trading activity are concentrating. Hyperliquid’s revenue profile has become central to the HYPE thesis, while Solana remains one of the largest high-throughput ecosystems in crypto, with broad activity across trading, DeFi, consumer applications and token issuance.
Horsley argued that both networks are positioned around the same structural tailwind: capital markets moving onchain. “I think that both will rise together, just as iOS and Android both rode the structural adoption of mobile,” he wrote. “In the case of the revenue chains, they are riding the wave of capital markets coming onchain.”
Solana Camp Downplays Rivalry Solana co-founder Anatoly Yakovenko also pushed back against the idea that Hyperliquid’s rise should be treated as a threat to Solana’s roadmap. Responding to a post about Hyperliquid, Yakovenko wrote: “I am not worried about someone else succeeding. Whether hype succeeds or not isn’t going to change what I or the rest of the Solana ecosystem will be working on.”
Yakovenko once again presented Solana-based Phoenix Trade as a better version of Hyperliquid: “Try Phoenix Trade my HL brother.”
Meanwhile, Horsley highlighted the success of both. “If you are rooting for HYPE or SOL or both, success will be less about the competition between the two — healthy ofc — but rather the rise of onchain capital markets,” he wrote. “Root for capital markets coming onchain.”
At press time, HYPE traded at $58.354.
HYPE approaches it September 2025-high, 1-week chart | Source: HYPEUSDT on TradingView.com Featured image created with DALL.E, chart from TradingView.com
Phoenix Trade, the on-chain perpetuals exchange built on Solana, has opened up mobile access for its trading platform. Users can now trade directly through their phone’s browser or wallet-embedded browser without downloading a separate app.
What Phoenix is actually offering on mobile The mobile version isn’t a stripped-down companion app. Phoenix is pushing the same orderbook experience to mobile that desktop users already have, including limit orders, on-chain settlement, and instant fund withdrawals after trades complete.
Phoenix processes trades with an average settlement time of roughly 0.5 seconds. Users can access the platform by navigating to phoenix.trade on their mobile browser or through their wallet’s built-in browser. The platform also supports referral codes for fee sharing and builder codes that let developers route order flow through Phoenix.
Advertisement
The numbers behind the timing Phoenix didn’t launch mobile into a vacuum. The platform recorded an all-time high daily trading volume of $4.3 million on May 13, 2026, less than three weeks before the mobile launch.
Phoenix runs a fully on-chain orderbook, which means every order, every fill, every cancellation lives on Solana’s ledger. Most competing perpetuals platforms rely on oracle-based pricing or off-chain matching engines to hit their volume numbers. Oracle-based perp platforms essentially take a price feed from somewhere else and let traders bet against it. A fully on-chain orderbook means real buyers and sellers are matching directly, with the blockchain serving as both the matching engine and the settlement layer.
From spot DEX to perpetuals platform Phoenix originally launched on Solana’s mainnet in 2023 as a spot limit-orderbook DEX, built by a team called Ellipsis Labs. The expansion into perpetual futures was the natural next step. Building a perp product on top of an existing orderbook infrastructure gave Phoenix a structural advantage over teams starting from scratch.
The mobile launch fits into a broader pattern within the Solana ecosystem that has been leaning heavily into mobile-first crypto experiences. Solana Mobile’s hardware efforts, including dedicated Android devices optimized for crypto, have created a small but growing cohort of users who expect to do everything from their phones.
What this means for traders and the Solana ecosystem Phoenix’s approach of using the mobile browser rather than a native app sidesteps app store friction for both users who don’t want another app and developers who have to navigate Apple and Google’s policies toward crypto applications.
The risk, as always with on-chain orderbooks, is liquidity. A $4.3 million daily volume high is encouraging but still thin enough that large orders could move markets in ways that deter institutional or semi-professional traders.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The Pentagon just wrote a half-billion-dollar check to a startup that pulls rare earth metals out of mining waste. Phoenix Tailings, a company that extracts and refines rare earth elements from industrial byproducts, landed a $500 million conditional loan commitment from the Department of Defense’s Office of Strategic Capital.
Combined with private investment, the total funding package is expected to approach $1 billion. That kind of money buys you a new processing facility, expanded operations, and a meaningful step toward untangling the US from China’s grip on the materials that power everything from fighter jets to electric vehicles.
What Phoenix Tailings is actually building The company plans to use the financing to expand its existing facilities in Burlington, Massachusetts, and Exeter, New Hampshire, while also constructing an entirely new plant. That new facility has been branded the “Freedom Facility,” which will handle rare earth separation and metallization processes.
Phoenix Tailings focuses specifically on heavy rare earth elements, including dysprosium, terbium, and neodymium-praseodymium, commonly referred to as NdPr. These materials are essential for permanent magnets used in defense systems, wind turbines, and EV motors.
Advertisement
The company already operates a small-scale production line in New Hampshire that supplies the defense sector with heavy rare earth metals. This loan is designed to take that from “proof of concept” to “meaningful domestic capacity.”
Phoenix Tailings uses solvent-free, low-emission extraction technology. Traditional rare earth processing is notoriously dirty, generating toxic byproducts that have made it politically radioactive in Western countries. Phoenix Tailings’ cleaner process sidesteps that problem, which matters both for permitting and for the long-term economics of the operation.
The funding picture so far Phoenix Tailings has raised more than $116 million in previous funding rounds, including a $40.2 million Series B extension that closed on February 19, 2026.
On top of the Pentagon loan, the company is also in line to receive part of a $134 million award from the Department of Energy. That DOE funding is earmarked for a demonstration-scale facility being developed in collaboration with MIT and the University of Minnesota.
The Office of Strategic Capital, the Pentagon entity behind the $500 million loan, was established specifically to direct private capital toward technologies deemed critical to national security. China controls roughly the vast majority of global rare earth refining capacity and has shown a willingness to use that leverage as a geopolitical tool.
Why this matters beyond defense When China restricted rare earth exports to Japan in 2010 over a territorial dispute, it sent prices soaring and triggered a global scramble to develop alternative supply chains. That scramble, more than 15 years later, still hasn’t produced enough non-Chinese capacity to meaningfully reduce the dependency.
The Pentagon’s bet on Phoenix Tailings is part of a broader effort to fill the gap between mining raw materials and manufacturing finished products. It’s the middle of the supply chain that’s been hardest to build outside of China, because the processing technology and expertise have been concentrated there for decades.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
The US Department of Defense’s Office of Strategic Capital has issued a conditional loan commitment of $500 million to Phoenix Tailings, a company focused on rare earth element processing. The deal is designed to do something the US has talked about for years but struggled to execute: actually build domestic capacity for the minerals that power everything from fighter jets to electric vehicles.
When combined with private capital, the total funding package is projected to hit roughly $1 billion. That money will go toward scaling Phoenix Tailings’ existing facilities and, more importantly, building a new rare earth separation and metallization plant on US soil.
The loan to Phoenix Tailings is conditional, meaning it still has to clear standard due diligence across financial, legal, and technical domains before reaching financial close.
Advertisement
This isn’t happening in a vacuum. The US government has been methodically assembling a portfolio of rare earth bets. MP Materials, which operates the only active rare earth mine in the US at Mountain Pass, California, has received federal backing. USA Rare Earth has also landed funding commitments. The government has simultaneously expanded its strategic stockpiling efforts and issued additional loans aimed at bolstering domestic mineral processing.
Phoenix Tailings stands out in this group because of its focus on the downstream side of the equation. Mining rare earths is one challenge. Separating and refining them into usable metals is where China’s dominance is most pronounced, and most difficult to replicate. Building a new separation and metallization facility addresses the part of the supply chain where the US is weakest.
The Office of Strategic Capital was created specifically to make these kinds of investments. It functions as the Pentagon’s venture-style funding arm for technologies and supply chains deemed critical to national security.
The Trump administration accelerated the push to onshore critical minerals supply chains, and that momentum has carried through subsequent policy cycles.
The risk to watch is execution. Conditional loans can fall apart during due diligence. Building rare earth processing facilities is technically demanding, environmentally complex, and capital-intensive. MP Materials has spent years working toward full separation capabilities at Mountain Pass and still faces challenges. Phoenix Tailings will need to demonstrate that its technology works at commercial scale, not just in a lab or pilot facility.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
NFTs are doing very well, with CryptoPunks leading the way as the number one collection in the market. A recent report from Phoenix Group revealed that the 24-hour trading volume for CryptoPunks reached an impressive $56.85 million, highlighting the ongoing interest in these iconic digital collectables. Besides CryptoPunk, other NFT collections such as Guild of Guardians and Fantasy.top have put up some serious numbers, proving how varied the NFT world has become today.
Top NFT Collections by Volume Leading the NFT market is CryptoPunks, with a 24-hour volume of $56.85 million, and this large number was only from nine sales. Even though it only has a fraction of the sales volume, CryptoPunk’s average transaction value of millions of dollars makes it the blue-chip standard in the NFT space.
The next closest collection is Guild of Guardians, with a more modest 464.51K in volume and 802 in sales, demonstrating that while its average price per unit is significantly lower than that of CryptoPunks, its user base and activity levels are considerable.
Further down the rankings, NodeMonkes, Bored Ape Yacht Club (BAYC), and Bitcoin Puppets all posted over $300K in daily volume, with sales figures ranging from 12 to 46 transactions. That continuing action over so many collections shows prolonged involvement and curiosity over different NFT projects.
Top Five Largest in 24 Hours: CryptoPunks Tops Regarding the specifics of single NFT assets, CryptoPunks remains a market leader. The most expensive NFT sold last day was a CryptoPunk #1563, selling for $56.32 million. P2P sales also comprised Axie Infinity Land (-30, 27) at $88.03K and Bond Bear #1 at $78.07K. CryptoPunks also featured further in the top five with CryptoPunk #9480 ($74.43K) and Cryptopunk #9103 ($70.57K).
Leading Marketplaces: Where the Action Happens Competition in the NFT marketplace is still high, with CryptoPunks leading in volume for the last 24 hours. CryptoPunk’s platform alone saw $56.85 million in volume, more than general marketplaces. The second biggest NFT marketplace, OpenSea, saw a trading volume of $8.48 million from 14.77K traders. Other marketplaces that supported the overall NFT space include Blur at $2.2M, Magic Eden at $937K, and OKX NFT at $771K.
These numbers imply that despite the extensive variety, OpenSea remains the platform of choice for many traders. However, CryptoPunks target clients with high purchasing power who drive massive volumes with relatively few transactions.
The NFT market remains bullish, with iconic collections like CryptoPunks. With newer projects coming up and NFTs gaining popularity, the market is set to expand further, creating even more opportunities for both high-end collectors and casual enthusiasts.
AUTHOR
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.
Data provided by the Phoenix Group revealed that DMarket and Guild of Guardians set monthly sales records and demonstrated consistent demand for digital items despite high fluctuations in the market. The market of NFTs remains active, and October 2024 becomes a crucial period for major collections.
DMarket Dominates the Rankings DMarket claims the lead with $37.29M in sales and 440% monthly growth. DMarket has revealed the potential of its demand with more than 62,000 buyers and more than 1,339,231 transactions. DMarket’s success can also be attributed to the growing linkage between games and blockchain, as players look for particular elements in-game with tangible value.
Guild of Guardians: A Strong Second Place Second is Guild of Guardians; it earned $13.01M in sales but had a 7.95% monthly decline. However, it was still considered to be one of the largest collections with 10,133 buyers and over 22,056 transactions. Given that Guild of Guardians is a role-playing game dedicated to NFTs, its performance reflects the constant interest in the blockchain gaming sphere.
Bitcoin Puppets and Bored Ape Yacht Club See Major Gains Bitcoin Puppets and Bored Ape Yacht Club (BAYC) were also fairly popular in October experiencing a significant spike in sales. Bitcoin Puppets had total sales of $10.6M, a 70.11% increase with 563 buyers engaging in 1,249 transactions. Likewise, BAYC generated $10.40M, representing a rise of 45.7%, from 166 investors via 294 transactions.
CryptoPunks Faces a Setback CryptoPunks, the collection that predates the current format of NFT and is widely regarded as the original model, experienced a monthly sales decline of 38.49%, amounting to $10.15M. Although it was slightly down, it had still been able to record 67 buyers and 126 transactions.
Rising Stars and Notable Performers Some of the new collections were notably established, such as DogeZuki ($ 9.67M, with a decrease of 3.81%) and Frogana ($ 9.47M, with an increase of 294.62%). Frogana’s rapid increase in a short time indicates that users are interested in meme-based, decentralized social projects. Other established collections such as Sorare ($8.09M, down 12.21%) and NodeMonkes ($7.83M, down 17.25%) proved to be significant market actors as well; headquartered in Brazil, the blockchain-based fantasy sports cards of Sorare offered users continued appeal.
Ordinal Maxi Biz sales reached $7.32M with 33.50% increased while Milady Maker registered $5.36M and had an increase in sales of 135.59%.October shows great activity when it comes to the portfolio of most successful NFTs, featuring both mainstream projects such as DMarket and Guild of Guardians as well as emerging players such as Frogana and Ordinal Maxi Biz. The blend of gaming, art and community-centric themes, therefore remains popular and increases buyer interest in NFTs while the economy fluctuates.
AUTHOR
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.
PANews reported on May 13 that, according to an official announcement, Binance has decided to suspend trading and delist the following cryptocurrencies at 11:00 AM (UTC+8) on May 27, 2026: Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS).
Share to:
Author: PA一线
This content is for market information only and is not investment advice.
Follow PANews official accounts, navigate bull and bear markets together
Binance announced that it will delist the altcoins Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS).
13.05.2026 - 08:10
Update: 13.05.2026 - 08:10
Binance, the world’s largest cryptocurrency exchange, started the day with an altcoin announcement. According to the announcement, six altcoins have been delisted.
Binance announced that it will delist the altcoins Automata (ATA), Harvest Finance (FARM), Enzyme (MLN), Phoenix (PHB), and Syscoin (SYS).
“Based on our latest assessments, we have decided to discontinue trading and delist the following tokens in all spot trading pairs on 27.05.2026 at 03:00 (UTC):”
ATA, FARM, MLN, PHB and SYS
Spot trading pairs for these altcoins will be discontinued.
All trading orders will be automatically deleted after the transactions in the relevant trading pairs have ended.
The token’s value will no longer be displayed in user accounts after delisting. Deposits of these tokens will not be credited to users’ accounts after 03:00 (UTC) on May 28, 2026.
Withdrawals of these tokens from Binance will no longer be supported after July 27, 2026, 03:00 (UTC).
Altcoin prices are falling following the news.
*This is not investment advice.
Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!
Cryptocurrency is an unpredictable market. Today, ZERO, CVC, and ROUTE have increased up to double digits. As the market develops, these tokens attract the attention of investors with their high growth rates. Although ZERO saw massive price surges, other tokens have shown impressive growth, including STRIKE, MATH, and TST.
ZERO, CVC, and ROUTE: The Major Gainers Zerolend (ZERO) leads by a 30% gain. Being a decentralized lending platform, ZERO enables users to lend and borrow cryptocurrencies without relying on third parties. The token’s price has risen to $ 0.00036, but the relative placing of this token puts it at number nine on the list with a market capitalization of $9M.
Civic follows closely with a 27.9% gain and a price of $0.23. Including Civic on Binance, one of the world’s largest exchanges could be the reason for the upswing. Civic currently boasts a market cap of $186M, making it one of the most prominent players in the decentralized identity industry.
Router Protocol rounds off this top-performing group with an increase of 25.7% and its current value of $1.78. The platform’s aim to increase the compatibility of blockchain systems coupled with listing on Bybit has created demand for the project and raised its capitalization to $29.4M.
STRIKE and MATH: Noteworthy Gainers STRIKE has added a decent 16.1% gain and is trading at $7.65 today. STRIKE is a platform for building financial services that enable users to receive interest on crypto deposits. Strike has a $40.5M market cap and is expanding its user base as the DeFi market grows.
Math, another substantial token, rose by 15.8% to $0.22. MATH is the native token of MathWallet, a multi-chain wallet that processes asset activities across blockchains. Currently boasting a $39.1M market capitalization, MathWallet’s integration with various DeFi and NFT platforms can also explain the MATH price rise.
TST and NAVX: Middle Gainers Teleport System Token has surged by 13.8% to $0.0099. TST is part of a decentralized teleport system that promotes logistics and supply chain companies through blockchain.
Navi Protocol has risen by 13.2% and is now selling at $0.15. As NAVX can be bought on Huobi and possesses a market cap of $38.6M, it has a lot of room for growth as more and more customers seek privacy-focused and decentralized product offerings.
FLIP, LOOM, and SAFE Chainflip has grown by 9.2% and is currently trading at $1.19. With more and more apps starting to demand cross-chain compatibility, Chainflip has become more helpful in this space.
Loom Network comes second last on the list with an 8.9% increase in value, trading at $0.057. The recent growth of Loom can be attributed to the focused advancements towards scalability and side-chain technology.
Last on the list is Safe, which clinches the list with an increase of 7.7% and has a selling price of $0.92. As the number of potential investors seeking custody hangs in a distributed environment increases, the prospects of SAFE’s service grow. It has the largest market cap of $448.8M among all the tokens on the list.
Phoenix Group helps traders and investors get key information to operate in this volatile field by constantly focusing on the crypto market.
AUTHOR
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.
In a crucial month for crypto markets, October has seen several projects standing as the top performers. As per Phoenix Group, $VISTA, $VIRTUAL, $STFX, $CVP, $WELL, $INSP, $TROY, $RAY, $HEART, and $MATH led the market in October. The crypto analytics firm provided the details about their performance in its latest list on social media.
$VISTA Leads the List of Top Crypto Projects Based on 1-Month Price Performance $VISTA leads the market with a 968.6% price change over the month. It has a market capitalization of $55.3M. $VIRTUAL is the 2nd project on the list with a 694.7% price change. At present, its market capitalization stands at nearly $385.1M. $STFX takes the 3rd spot as its price witnessed a 478.1% change over the last month. In addition to this, its market capitalization has touched $24.0M over the month.
The 4th player on Phoenix Group’s list is $CVP which has seen a 330.2% spike in price. Along with that, the market capitalization thereof has reached $4.2M. Subsequently, $WELL occupies the 5th place in the list with a 1-month price change of up to $184.9%. Additionally, its market capitalization is almost $263.1M. Following that, $INSP obtains the 6th position as it has seen a 136.6% price change over the month.
The list moves on to include $TROY in the 7th place. The respective project has experienced a 121.8% price surge over the recent month. Apart from that, the project possesses $29.9M in terms of its market capitalization. $RAY takes the 8th position by witnessing a 30-day price change of approximately 103.3%. Moreover, its market capitalization has reportedly touched $890.9M in total. The 9th player in Phoenix Group’s list is $HEART. It has made a price change of up to 89.4% over the last thirty days, with its market capitalization touching $71.1M.
$MATH Bottoms the Market with a 30-Day Price Change of 86.3% Coming after that, $MATH secures the 10th spot in the list with an 86.3% price jump throughout the month. The market capitalization of the project now stands at the figure of nearly $58.7M. The rise of these projects mirrors the increase in market sentiment apart from an expansion in the appreciation concerning blockchain technology’s real-world applications.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Layer-2 crypto projects are moving again. A radical increase in social interaction has been observed in the layer-2 ecosystem, with recent information from Phoenix Group and LunarCrush revealing both impressive peaks of interactions on large networks. On the latest report released on 28 November 2025, ZK has been the most social-activity project with regard to layer-2.
The network showed 4.8K engaged posts and 372.3K total interactions, which is significant and proves the increased interest of the community and a powerful narrative developing around the solutions based on ZK-based scaling.
This momentum is timely as layer-2 crypto technologies are gradually being considered as an indispensable component of enabling blockchain scalability to achieve faster execution and lower costs without sacrificing the security. The supremacy of ZK implies the emergence of investor confidence, high activity of developers and active online discussion that promotes its visibility.
Linea Secures Second Position With Over 2 Million Interactions Close behind, Linea ranked second highest in the social activity category with the number of engaged posts being 3.9K and massively interacting with 2.1 million posts.
The level of participation is an indication that Linea remains one of the most debated layer-2 crypto ecosystems, presumably due to its developer friendly infrastructure and ongoing ecosystem expansions.
The consistent action of social platforms by Linea implies a stronger community and gradual project momentum. The growing list of dApps, integrations, and collaboration seems to be fueling traffic of users on social media.
Starknet Maintains Strong Engagement With 494K Interactions Starknet was ranked third place with 3.6K engaged posts and 494K interactions, which supports its status as a key player in the zk rollup competition. Due to its attention to smart contract creation in Cairo and its highly scalable nature, Starknet is becoming stronger in the developer and crypto communities.
The extent of online engagement implies continued expectations of the Starknet roadmap milestones and ecosystem upgrades, as well as more users engaging with its growing DeFi ecosystem.
Optimism and Celo Highlight Mid-Tier Strength In the middle of the ranks are Optimism (OP) and Celo whose continuous updates of their ecosystems and community-focused efforts propel them.
Optimism had 2.2K engaged posts with 72.2K interactions, and it is constantly engaged due to its robust governance framework and Superchain story.
In the meantime, Celo shared 2.1K engaged posts and a staggering 985.1K interactions, proving that the discussion of its switch to an Ethereum layer-2 architecture remains a very strong topic on the Internet platforms.
Arbitrum, Stacks, and Polygon Show Stable Growth Arbitrum (ARB) also registered 1.9K active posts and 129.4K interactions, which is a stable engagement since it is one of the biggest and most popular layer-2 crypto network.
Stacks (STX), which continues its Bitcoin-layer innovations, registered 1.8K posts and 168.4K interaction, which is a positive indicator of the growing interest in Bitcoin-compatible smart contract ecosystems.
The Polygon (POL) continued to have a stable dialogue in the community, creating 1.4K posts and 67.7K interactions, even though the market activity was lower.
Mantle and Immutable X Round Out the Top 10 Layer-2 Crypto List The last two of the leading layer-2 crypto projects were Mantle (MNT) with 1.4K posts engaged and 102.9K interactions, and Immutable X (IMX) with 1.2K posts engaged and 164.1K interactions. The two ecosystems are still shaping their reputations well, with Mantle and Immutable X gaining market dominance in the gaming and NFT spaces respectively.
Social activity is one of the most effective signals of market mood and user activity as layer-2 crypto projects are becoming the cornerstones of blockchain scalability.
AUTHOR
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.
The exclusive LunarCrush Galaxy Score rankings disclose a noteworthy shift in the wider market momentum. $SOMI, $KAIA, and $ENSO have occupied the top positions in this ranking. As per the data from Phoenix Group, the other key projects on the list include $HUMA, $JUP, $ALLO, $SHELL, $HYPE, $AR, and $H. Overall, these assets have presented solid performance across market and engagement indicators, signifying breakout zones.
Particularly, $SOMI has emerged as the top altcoin in line with the LunarCrush Galaxy Score ranking. The respective metric effectively measures an altcoin against itself while keeping in view the blended market and social perspective. Although it does not provide a comparative ranking between diverse coins, it could help in detecting when a certain project is delving into a new zone, whether bearish or bullish.
Coming after $SOMI, $KAIA stands in the 2nd top position, suggesting a notable rise in user activity and interest. Subsequently, $ENSO is also displaying a remarkable growth in this respect, claiming the 3rd place among the 1st altcoins in line with LunarCrush Galaxy Score ranking. After that, $HUMA is the 4th name on the list, showing a great progress, as of the 26th of January.
Following that, $JUP has become the top 5th project with robust social engagement and exclusive technical progress. The next significant player in this respect is $ALLO, with its indicators highlighting massive growth and community response simultaneously amid the competitive market. Moving on, the list takes into account $SHELL as the 7th altcoin project based on the spike in LunarCrush Galaxy Score ranking.
According to Phoenix Group’s list of leading altcoins, when it comes to LunarCrush Galaxy Score surge, $HYPE is the 8th top player. Specifically, its promising improvements have notably contributed to its broader traction. Then, $AR has effectively obtained the 9th rank in the list, underscoring increased interest and potential for upward momentum. Ultimately, $H is the last name to conclude the list of the altcoins with considerable growth in their LunarCrush Galaxy Score.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Rubio: US and Iran to continue technical consultations at the end of this month
Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)
5 hours ago
Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.
According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.
5 hours ago
Bitcoin falls below $60,000
According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.
5 hours ago
US Treasury Secretary: AI boom may boost productivity and help curb inflation.
US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.
5 hours ago
US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.
According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.
5 hours ago
During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.
According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.
The ever-evolving crypto world is moving toward massive token unlocks as per tokenomics. As per the data from Phoenix Group, the approaching token unlocks take into account, Sleepless AI, Ethena, And Galxe in the prominent positions. The crypto analytics firm took to social media to disclose the list of these impending token unlocks.
Sleepless AI Dominates Top Impending Token Unlocks with 1.72% of Supply to Be Released In Phoenix Group’s list of top token unlocks, Sleepless AI ($AI) takes the leading position for its occurrence before the rest. The crypto project is reportedly going to witness 1.72% of its token supply in the latest unlock, denoting 17.25M $AI ($5.47M). The 4th of February is the date scheduled for this token unlock. The 2nd major token unlock is Ethena ($ENA) with 7.93M $ENA ($4.99M) tokens to be unlocked on 5th of February. This accounts for a 0.25% of the project’s cumulative token supply.
Galxe ($GAL) is the top 3rd project in the case of prominent approaching token unlocks. Hence, a 2.59% of the supply thereof will be unlocked on the 5th of this month, accounting for $9.31M (5.18 $GAL). The next project is Kaspa ($KAS) to witness 0.67% of its supply in the token unlock to occur on February 5. This takes into account 172.01M $KAS tokens (nearly $17.10M). Subsequently, Jito ($JTO) is going to see a token unlock of 1.13% supply on the 7th of February. Thus, cumulative 11.31M new $JTO tokens will be available, accounting for $32.89M.
The 6th name on the list is Neon ($NEON), with 53.91M $NEON tokens ($14.30M) to be released on February 7. This amount reportedly equals 5.50% of the cumulative token supply of the project. In addition to this, the 7th rank in the list is obtained by Xterio ($XTER) as the project will release up to 5.50% of its total token supply. Thus, on the 8th of this month, 55.00M $XTER tokens will newly enter the market. The respective figure is equal to a great value of approximately $31.21M.
Xai Bottoms List with 2.32% of Supply to Be Released on February 9 Phoenix Group’s list of top impending token unlocks adds Movement ($MOVE) in the 8th place. The project has reportedly scheduled a token unlock of up to 50.00M $MOVE, equaling a staggering $31.21M for the 9th of February. This value represents 0.50% of Movement’s overall token supply. The last project in the list is Xai ($XAI) which will release 2.32% of its token supply on February 9. This comprises 355.89M $XAI tokens (nearly $3.78M).
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
Strict editorial policy that focuses on accuracy, relevance, and impartiality
Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.
Recent reports claim that Robert F. Kennedy Jr. will drop out of the US presidential race on Friday. The rumors have made PolitiFi tokens rise over 15% on the last day. While tokens inspired by RFK Jr. have plunged, Trump-themed memecoins took the lead with a 40% surge.
RFK Jr. To Dropout Of The Presidential Race During this cycle, memecoins have been at the front of the industry, becoming the largest narrative of the first two quarters. Due to the sector’s nature, crypto investors have immortalized the current event through these tokens, including the upcoming November US presidential elections.
A candidate’s crypto stance has become a key factor for voters after the Biden administration’s crackdown on the industry. As a result, pro-crypto candidates have received significant support from the community.
Robert F. Kennedy Jr. was among the first to share his industry-friendly approach throughout his campaign, endorsing Bitcoin and blockchain technology. However, recent reports claim the Independent candidate will drop out of the race on Friday.
According to ABC News, sources close to Kennedy claim that the presidential candidate will endorse former US president Donald Trump after dropping out. Trump embraced the industry this year and later started accepting donations of different cryptocurrencies.
Per the report, “One possible scenario being discussed is for Kennedy to appear on stage with Trump at an event in Phoenix on Friday.” Sources familiar to both candidates cautioned that nothing is finalized and “Kennedy’s thinking could always change.”
Nonetheless, the news comes days after the Independent candidate revealed he would not endorse US VP and Democratic candidate Kamala Harris.
Trump Memecoins Take The PolitiFi Lead PolitiFi tokens surged 15.5% in the last 24 hours, with the price of memecoins inspired by the former US president taking the lead. As the rumors of RFK Jr. endorsement hit, online reports revealed the republican candidate’s chances of winning the election rose again.
According to Polymarket’s 2024 Presidential Election Forecast, Trump’s chances rose to 54% after the news, with a 7% lead against Kamala Harris’ chances. Following the news, the largest Trump-themed token, MAGA (TRUMP), saw a massive increase.
TRUMP’s price has taken a hit since the end of July when it was trading above the $6 mark. The memecoin retraced below the $3 support zone following the August market crashes, registering a 41.5% drop in the last 30 days.
However, TRUMP skyrocketed 55.6% toward the $4.14 mark on Thursday. As of this writing the token is trading at $3.7, a 40% increase in the last 24 hours. Other memecoins inspired by the former US president also saw a significant surge.
After the news, Doland Tremp (TREMP), Super Trump (STRUMP), and MAGA Hat (MAGA) rose 16%, 25%, and 23% respectively. Meanwhile, the KAMA and KEIDY memecoins registered a 30% and 57% price drop in the last 24 hours.
MAGA (TRUMP) performance in the three-day chart. Source: TRUMPUSDT on Tradingview Featured Image from Unsplash.com, Chart from TradingView.com
