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KRWQ partners with Chainlink to launch automated reserve verification for its Korean Won stablecoin.

PANews reported on June 16 that the South Korean won stablecoin KRWQ announced the integration of Chainlink's Proof of Reserve and Data Stream for automated verification of its offline reserves, improving transparency and compliance preparedness. KRWQ is currently the largest South Korean won stablecoin, issued in partnership with IQ and Frax, pegged 1:1 to the South Korean won, and supports use on chains such as Solana.

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PANews reported on August 21st that Coinbase Assets has added AWE Network (AWE), Dolomite (DOLO), Flock (FLOCK), Solayer (LAYER), and SPX6900 (SPX) to its asset listing roadmap. The official contract addresses for each asset on the Base, Ethereum, and Solana networks were also announced. The platform stated that the launch of trading for these assets is subject to market support and technical requirements, and the specific launch date will be announced separately.

Gold-backed crypto sounds straightforward until you check the redemption rules, custody setup, and issuer terms. In practice, two tokens may track the same ounce of gold while offering very different rights to the holder.

That gap between price exposure and holder rights is drawing more attention in 2026 as tokenized gold trading volume rises and products like Pax Gold (PAXG) and Tether Gold (XAUT) pull in more activity across crypto markets. This guide explains how tokenized gold works, how PAXG and XAUT differ, and what buyers should check before they treat a token like physical bullion.

KEY TAKEAWAYS
➤ Tokenized gold tracks physical bullion, but holder rights, redemption terms, and custody structures can differ sharply between issuers.
➤ Tokenized gold trading volume reached $90.7 billion in Q1 2026, with PAXG and XAUT leading the category’s growth.
➤ Issuer risk, redemption limits, wallet controls, and regional regulations still affect how tokenized gold works in practice.
➤Tokenized gold gives crypto users 24/7 transferability and wallet access, but it does not remove traditional gold-market risks.

In this guide:

What is tokenized gold? How gold-backed crypto works in 2026PAXG vs. XAUT, side by sideDo you own real gold with PAXG and XAUT?Can you redeem PAXG and XAUT for physical gold?Tokenized gold vs. gold ETFs vs physical bullionTokenized gold risks and how to mitigate themHow to buy tokenized gold in 2026Frequently Asked Questions What is tokenized gold? How gold-backed crypto works in 2026 Tokenized gold is a digital token issued on a blockchain that is backed by physical gold stored in audited vaults. Gold has long attracted buyers who want a hard asset outside fiat currencies, but physical settlement, storage, and transfers can be slow or expensive.

This “tokenized” model has brought two markets together that rarely interacted in the past. One is physical gold, which offers a 5,000-year store-of-value record but settles slowly, trades on dealer hours, and is hard to fractionalize. The other is public blockchains, which can settle transactions in seconds, run 24/7, and split assets into tiny units.

A gold-backed token bridges the two by locking real bullion with a custodian and minting transferable claims on it.

What is a troy ounce and London Good Delivery gold?

A troy ounce is the standard unit used in global precious-metals markets and equals about 31.1 grams. “London Good Delivery” refers to large gold bars that meet quality and purity standards accepted by major bullion markets, central banks, and institutional traders.

How tokenization works An issuer such as Paxos or TG Commodities acquires physical gold from refiners or bullion dealers and stores it with a professional custodian. The issuer then creates a matching amount of blockchain-based tokens tied to that gold reserve. Token holders can buy, sell, transfer, or self-custody the assets like other crypto tokens.

When holders redeem tokens through the issuer, the corresponding amount of gold leaves the reserve pool and may be sold, transferred, or delivered physically if redemption minimums are met. Independent attestors or audit firms publish reserve reports on a scheduled basis to verify that the token supply matches the underlying gold holdings.

Why tokenized gold is exploding in 2026 Adoption has accelerated through 2025 and into 2026 as real-world asset (RWA) tokenization moved from pilots to live products. Tokenized gold achieved $90.70 billion in total spot trading volume in Q1 2026, surpassing the $84.64 billion traded throughout 2025, according to CoinGecko’s RWA Report 2026.

Meanwhile, on March 19, 2026, the World Gold Council and Boston Consulting Group proposed a “Gold as a Service” framework designed to standardize custody, reconciliation, compliance, and redemption processes across digital gold products.

Tokenized gold is not a stablecoin. Its price moves with the spot price of gold, so holders gain or lose value as bullion rallies or falls. The “stability” only refers to the 1:1 backing, not a fixed dollar peg.

The combination of rising gold prices, clearer rules in some jurisdictions, and on-chain demand for non-dollar collateral has produced what looks like a structural rather than cyclical lift.

The tokenized gold market includes smaller products such as Kinesis Gold (KAU), Comtech Gold (CGO), VeraOne (VRO), and Matrixdock Gold (XAUM). Even so, market activity and liquidity remain concentrated around Pax Gold (PAXG) and Tether Gold (XAUT), which makes them useful reference points for how large-scale gold-backed tokens currently operate.

Top tokenized gold products by market cap: CoinGecko PAXG vs. XAUT, side by side Pax Gold (PAXG) and Tether Gold (XAUT) together hold roughly nine-tenths of the gold-backed token market. They follow the same backing standard, but their regulator, chain support, audit cadence, redemption process, and US availability are not the same.

AttributePAXGXAUTIssuerPaxos Trust CompanyTG Commodities Limited (Tether)RegulatorOCC, U.S. federal oversight; previously NYDFSCNAD, El SalvadorBacking1 token = 1 troy ounce LBMA Good Delivery1 token = 1 troy ounce LBMA Good DeliveryVault locationBrink’s vaults, LondonSwiss vaults via MKS PAMP and LoomisAuditor and cadenceKPMG LLP, monthlyBDO Italia, quarterly ISAE 3000ChainsEthereum (ERC-20)Ethereum, TRON, Polygon, Solana via LayerZero, BNB ChainIssuance and redemption feeTiered 1% down to 0.125%Flat 0.25%Minimum physical redemption430 tokens for a full bar, 1 gram and up via Alpha Bullion430 tokens for a full bar, no fractional partnerOwnership typeAllocated gold with Paxos bar lookupUndivided gold rights with Tether Gold bar lookupReserve and oracle supportPaxos attestations, allocation lookup, and Chainlink reserve-related infrastructureTether Gold attestations, wallet/bar lookup, and Chainlink XAUT/USD market-data feedsUS retail availabilityListed on Coinbase, Kraken, Gemini, Crypto.comRestricted, not directly available to US retailMarket cap (May 2026)About $2.2 billion per CoinGeckoAbout $2.6 to $2.7 billion per CoinGecko Pax Gold at a glance PAXG launched in September 2019, when Paxos operated under its NYDFS trust-company framework. Paxos later received approval to convert to a national trust charter overseen by the U.S. Office of the Comptroller of the Currency (OCC). Current PAXG terms say PAXG is issued pursuant to specific OCC approval.

Paxos assures that the underlying gold is stored in Brink’s vaults in London, and each PAXG token is linked to a specific serial-numbered gold bar that holders can verify through Paxos’ allocation lookup tool. KPMG took over the monthly attestation in February 2025, replacing WithumSmith+Brown, and the reports are published on the Paxos site.

Tether Gold at a glance XAUT was launched by TG Commodities Limited in January 2020 and is now operated under a license from El Salvador’s National Digital Assets Commission, known by its Spanish initials CNAD.

The bullion is stored in Swiss vaults, with MKS PAMP and Loomis named in TG Commodities’s attestation materials. XAUT launched on Ethereum and TRON before expanding to additional networks through the XAUT0 cross-chain system. Tether later announced Polygon, Solana, and BNB Chain integrations between late 2025 and early 2026.

BDO Italia issues an ISAE 3000 opinion on the reserves on a quarterly basis.

Fees, audits, and oracle data PAXG’s fee structure has changed over time. As of May 2026, Paxos advertises zero on-chain transfer fees and zero storage fees for PAXG, although its terms still reserve the right to impose storage fees in the future with notice. Its terms also govern conversions into USD, unallocated gold, or allocated gold through the Paxos platform.

XAUT says it charges no custodian fee and applies a one-time 25 basis point fee when verified customers purchase or redeem XAU₮ through TG Commodities.

Chainlink has supported reserve-related infrastructure for PAXG, while Chainlink also provides XAUT/USD market-data feeds. A price feed is not the same as a reserve feed. In both cases, users still need to check issuer attestations, custody disclosures, and official lookup tools rather than relying on oracle data alone.

Do you own real gold with PAXG and XAUT? The short answer is that both products describe gold ownership, but the issuer structure, custody chain, legal terms, and redemption process are not the same.

PAXG gives holders ownership rights to allocated London Good Delivery gold held under Paxos custody. XAUT gives holders undivided ownership rights to gold on specified bars, with bar details available through Tether Gold’s lookup system.

The practical question is not only whether gold backs the token, but how each issuer records, verifies, and redeems that claim.

How ownership is recorded PAXG uses an allocated-gold structure. Paxos says each PAXG represents one fine troy ounce of a London Good Delivery gold bar held in professional vaults. Its terms also say that when a holder is not allocated a full bar, the holder owns a pro rata share of that bar based on their PAXG balance. Paxos’ lookup tool lets eligible on-chain holders view bar details tied to their holdings.

XAUT uses a different legal structure. Tether Gold says XAU₮ gives holders undivided ownership rights to gold on specified bars. It also says the allocated gold is identifiable by serial number, purity, and weight through Tether Gold’s lookup system.

So, the cleaner distinction is not “specific bar versus pool.” Both products describe a bar-level link. The real differences come from issuer structure, custodian arrangements, jurisdiction, disclosure cadence, redemption rules, and the legal terms behind each token.

Bankruptcy remoteness and counterparty risk The difference matters most if the issuer fails. Paxos Trust Company is a New York limited-purpose trust company that holds the bullion as a bailee, a structure designed to be bankruptcy remote, meaning the bullion would not be available to general creditors.

TG Commodities is a private Tether subsidiary under El Salvadoran oversight rather than a US trust company, which leaves the holder’s claim subject to El Salvadoran insolvency rules.

As of May 2026, neither structure has faced a major issuer failure or large-scale court test, so the legal outcome in a stress event remains untested.

Insurance and custody disclosures Paxos says each PAXG is backed by one fine troy ounce of gold held in LBMA vaults in London. Its allocation lookup tool lets holders of PAXG in on-chain Ethereum wallets view serial-number and bar information, though the tool does not apply to tokens held through custodial exchanges or wallets. Paxos also publishes monthly PAXG attestation reports.

XAUT’s terms refer to custodian insurance, but the public disclosures do not itemize coverage at the same level of detail. XAUT’s terms refer to custodian insurance, but they also say there is no assurance that the custodian will maintain adequate insurance, or any insurance.

The public terms do not give the same bar-level insurance detail that a cautious buyer may want before they rely on insurance as a risk control. Holders should review the latest issuer terms, reserve reports, and custody disclosures before they treat insurance as meaningful protection.

Allocated ownership is one of the strongest legal protections available in the gold market, but it depends entirely on the custody chain functioning as advertised. Always read the latest attestation rather than relying on marketing language.

Can you redeem PAXG and XAUT for physical gold? Eligible verified holders can redeem both PAXG and XAUT for physical bullion, but the rules are not necessarily retail-friendly in the same way.

PAXG supports direct full-bar redemption through Paxos and smaller physical-gold redemptions through partnered retailers. XAUT redemptions, by contrast, occur through TG Commodities and must be tied to full gold bars.

PAXG redemption Paxos says holders can convert PAXG into USD, unallocated gold, or allocated gold through the Paxos platform, subject to its terms.

Direct allocated-gold redemption requires at least 430 PAXG plus the applicable fee for each London Good Delivery gold bar. Paxos also says customers with smaller holdings can redeem fractional amounts through partnered gold retailers.

Alpha Bullion, a platform tied to Bullion Exchanges and Paxos, says it lets PAXG holders redeem physical gold in sizes from 1 gram to 1 kilogram.

Note that Alpha Bullion requires account verification before order fulfillment. Because product availability, fees, taxes, and delivery terms can change, holders should check Alpha Bullion’s current checkout terms before they treat PAXG as an easy route to small physical-gold delivery.

XAUT redemption XAUT redemption follows a relatively stricter process. Tether Gold says only KYC-verified customers can redeem through the Tether Gold website, and redemptions can occur only for full gold bars. Since those bars usually range from about 385 to 415 fine troy ounces, holders are generally asked to deposit at least 430 XAU₮ to cover a full-bar redemption.

After redemption, the gold can be delivered to the verified customer’s chosen location in Switzerland, with delivery costs payable by the customer. Tether Gold says it does not currently offer delivery outside Switzerland.

Instead of physical delivery, a verified customer may ask Tether Gold to attempt a sale of the gold bar in the Swiss gold market and return the USD proceeds, minus the redemption fee. That sale is subject to available rates and counterparties, and Tether Gold says it has no obligation to repurchase the tokens or gold bars.

How to verify your gold on-chain Both issuers offer on-chain transparency tools. For PAXG, holders enter an Ethereum address into the Paxos lookup page and see the serial numbers of the underlying bars. For XAUT, the Tether site shows the gold attributed to a wallet at a given time.

These tools can help holders check issuer-level allocation data, while Chainlink infrastructure can support market-data or reserve-related checks depending on the token. Users should still treat issuer attestations, custody disclosures, and official lookup tools as the main sources for reserve verification.

That is the redemption side. The next question is how tokenized gold stacks up against the alternatives most investors already know.

Tokenized gold vs. gold ETFs vs physical bullion Tokenized gold is right there in between two long-established options. The table below compares the three on the dimensions that drive most allocation decisions.

AttributeTokenized gold (PAXG, XAUT)Gold ETFs (GLD, IAU, GLDM)Physical bullionCustodyLBMA vault held by issuer custodianLBMA vault held by ETF trusteeSelf-custody or third-party vaultTrading hours24/7/365Stock market hoursDealer hoursAnnual fee0% storage, 0.125% to 1% issuance and redemption0.17% to 0.40% expense ratioDealer spread plus storage and insuranceSettlementSeconds, on-chainT+1Same day at dealerRedemption for physicalYes, with minimumsNo, cash settlement onlyAlready physicalDeFi useCollateral, lending, yieldNoneNoneUS tax treatmentProperty treatment likely, still developingCollectibles 28% per IRS guidanceCollectibles 28% per IRS guidance Fee math at retail scale Headline fees can look simple until you apply them to a real position size. For example, take a $10,000 PAXG buy held for 12 months. If that order falls into Paxos’ 2–25 PAXG fee tier, the 1% entry fee comes to about $100.

Paxos currently advertises zero on-chain transfer fees and zero storage fees for PAXG.

If the position is sold or converted through the Paxos wallet at the same fee tier, the exit fee would add another $100. That puts the direct Paxos round-trip cost at about $200 on a $10,000 position held for one year, before spreads, gas, taxes, exchange fees, or any third-party platform costs.

Cost note: This example assumes direct Paxos wallet creation and sale or conversion at the 1% fee tier. If you buy or sell PAXG through an exchange, your actual cost may come from trading fees, spreads, withdrawal costs, and venue-specific rules instead.

A $10,000 GLD position over the same period pays the 0.40% expense ratio, or about $40, before any broker-specific costs. A $10,000 GLDM position is cheaper still at 0.10%, or roughly $10 for the year.

On direct fees alone, a lower-cost gold ETF such as GLDM can be much cheaper than a direct PAXG round trip at the 1% tier. PAXG’s case becomes stronger only if the holder values features an ETF cannot provide, such as crypto-wallet custody, around-the-clock transfers, DeFi use, or PAXG-specific redemption routes.

Tax treatment In the United States, the Internal Revenue Service classifies physical gold and most gold ETFs as collectibles, which carry a long-term capital gains rate of up to 28% rather than the standard 20%.

As of May 2026, tokenized gold is in a less settled position. Some practitioners argue it should follow the underlying asset and be treated as a collectible, while others apply general property rules for digital assets. UK, EU, and UAE treatments vary and depend on whether the holder uses an exchange domiciled in a regulated venue.

Always confirm with a tax professional before relying on any single framing.

Tokenized gold in DeFi The structural advantage of tokenized gold over an ETF is on-chain usability. PAXG is listed as collateral on the Aave deployment on Ethereum and trades in Curve and Uniswap pools, while XAUT has integrations on TRON-based DeFi venues and emerging yield vaults on platforms such as Falcon Finance.

Yields available in 2026 have ranged from low single digits to mid single digits, depending on the pool and risk tier, with strategies that wrap gold collateral into lending or basis trades.

Tokenized gold risks and how to mitigate them The risks attached to tokenized gold are not the same as the risks attached to physical bullion or to an ETF. Buyers should weigh three categories before committing.

Issuer and depeg risk Both PAXG and XAUT depend on a single issuer to honor redemptions and report reserves. A failure at Paxos or TG Commodities would cap the value of the token at whatever a court determined was the holder’s claim on the bullion.

Token prices can also drift from spot during stress events. PAXG traded at a premium to spot during the February 2025 London bullion shortage as physical delivery times stretched, an episode that reminded the market that on-chain liquidity does not always equal physical liquidity.

Smart contract, sanctions, and wallet freezing PAXG and XAUT contracts both include administrative functions that allow the issuer to freeze tokens in specific wallets. Paxos has used the function to comply with US sanctions enforcement, and Tether has frozen XAUT-related addresses tied to flagged activity. The functions exist for legitimate compliance reasons, but they mean a holder who trips a sanctions flag could lose access to their tokens.

Both tokens can be frozen by the issuer. A buyer who values censorship resistance above gold exposure should consider physical bullion or self-custody alternatives instead.

Regulatory risk Paxos previously operated under NYDFS oversight and is now OCC-regulated as a national trust institution.

XAUT has a narrower U.S. retail access path. Tether Gold says U.S. persons cannot purchase or redeem XAU₮ directly through its issuer platform, which means U.S. users should not assume they can access issuer-level redemption features.

In the European Union, MiCA rules for asset-referenced tokens and e-money tokens became applicable on June 30, 2024, while broader crypto-asset service provider rules followed on Dec. 30, 2024. Paxos says it operates under MiCA compliance through FIN-FSA in the EU, but its current PAXG page also says PAXG is unavailable in the EU.

Put simply, access can depend on the issuer, exchange, user location, and product feature. So, as a buyer, you should check current exchange notices and issuer disclosures before they assume PAXG or XAUT is available in the jurisdiction you are in.

How to buy tokenized gold in 2026 Tokenized gold trades on both centralized exchanges and on-chain venues. Most retail buyers start on a centralized exchange for the smoothest path, then move tokens to self-custody or a DeFi position if they want to use the gold as collateral.

Buying on a centralized exchange PAXG is listed on Coinbase, Kraken, Crypto.com, Binance, and Bitpanda, among others. The standard flow is to fund an account with fiat, place a market or limit order against the PAXG pair, and either keep the tokens on the exchange or withdraw them to a personal wallet.

XAUT is listed on a smaller set of venues, with Bitfinex and several non-US exchanges providing the deepest order books. US residents typically cannot buy XAUT directly through a domestic exchange.

Buying on a DEX On Ethereum, PAXG can be bought on Uniswap and Curve pools using ether or a stablecoin, though gas costs and pool depth should be checked before larger trades.

XAUT liquidity tends to sit in TRON-based and non-EVM venues, which makes the operational steps more involved. Buyers who use a DEX should always verify the token contract address from the issuer’s official site to avoid scam tokens.

Other gold-backed tokens worth knowing PAXG and XAUT dominate the market, but several other gold-backed tokens are worth knowing. Kinesis Gold (KAU) and Kinesis Silver (KAG) pay a share of network fees back to holders, which gives them a yield profile unlike PAXG or XAUT. CACHE Gold (CGT) uses a fractional-gram model with on-chain bar serial assignment.

AurusX (AWG) and Matrixdock XAUM are relatively newer entrants targeting cross-jurisdictional retail demand. Comtech Gold (CGO) markets a Shariah-compliant structure aimed at Middle East and South Asian buyers.

Note that liquidity for these smaller tokens is thinner, so always check the on-chain market depth before committing.

Frequently Asked Questions What is tokenized gold and how does it work? Tokenized gold is a digital token on a blockchain that represents ownership of physical gold held in an audited vault. Each token typically equals one troy ounce of London Good Delivery bullion held by a custodian on behalf of the issuer. Holders can transfer the token like any other crypto asset and, in some cases, redeem it for physical metal when minimums and verification rules are met.

Do you own real gold with PAXG? Yes. PAXG uses an allocated ownership model in which each token is mapped to a portion of a specific London Good Delivery bar identified by serial number. Paxos publishes a lookup tool that lets a wallet holder view the bars assigned to their address. The bullion is held in Brink’s vaults in London and is described by Paxos as legally separate from the company’s general balance sheet.

Can you redeem PAXG for physical gold? Yes, with two paths. A holder with 430 PAXG or more can redeem directly through Paxos for a full London Good Delivery bar, subject to Paxos’ terms. Holders below that threshold can use Alpha Bullion’s partner route for smaller physical-gold redemptions from 1 gram upward, subject to identity verification, product availability, taxes, delivery terms, and any current checkout costs.

Can you redeem XAUT for physical gold? Yes, but only at the full-bar level and only in Switzerland. A holder must accumulate at least 430 XAUT, complete identity verification with TG Commodities, and arrange Swiss delivery or cash settlement at spot. There is no fractional retail partner equivalent to Alpha Bullion, so most XAUT holders treat the token as a price exposure rather than a redemption vehicle.

What is the difference between PAXG and XAUT? The main differences are issuer structure, regulatory profile, chain support, audit cadence, and redemption rules. Paxos previously operated under NYDFS oversight and is now OCC-regulated as a national trust institution. PAXG uses monthly attestations and links holdings to allocated London Good Delivery gold. XAUT is issued through TG Commodities, operates under El Salvador’s CNAD framework, uses quarterly assurance reports, and gives holders undivided gold rights with Tether Gold’s bar lookup system. PAXG is Ethereum-based, while XAUT is available across several networks.

Is tokenized gold safe and what are the main risks? Tokenized gold inherits the price behavior of physical gold and adds three risk categories on top. Issuer risk covers the potential failure of Paxos or TG Commodities, smart contract risk covers code or governance failures, and sanctions risk covers the issuer’s ability to freeze tokens in flagged wallets. Holders mitigate these risks by reading the latest attestations, splitting positions across issuers, and avoiding behavior that could trigger a wallet freeze.

If you’re thinking of launching your own token on Solana, Raydium LaunchLab could be a name to know. The platform promises simple no-code token creation with real DeFi juice. Whether you’re building a meme coin, a serious utility project, or just experimenting, LaunchLab aims to give you the tools (and curves) to make it happen. So, is it as good as it looks from the outside? Here’s what to know in 2026.

KEY TAKEAWAYS
➤ Raydium LaunchLab provides customizable token launches with features like bonding curves, vesting schedules, and integration with Raydium’s AMM.
➤ Unlike platforms such as Pump.fun and Pompom, LaunchLab supports multiple quote tokens (SOL, USDC, USDT, jitoSOL).
➤ LaunchLab enhances the Solana ecosystem by enabling token creation and liquidity integration.

In this guide:

What is LaunchLab?How does LaunchLab work?What are LaunchLab’s key features?Is there a LaunchLab airdrop?How is LaunchLab different from Pump.fun and Pompom?Why LaunchLab matters for SolanaWhat is LaunchLab?Built into the Raydium ecosystem, LaunchLab is a no-code, permissionless token launchpad that lets anyone create and launch a token in minutes.

LAUNCHLAB REWARD POOL IS GROWING 🪂

Throughout the past 2 weeks, we have allocated a total of 400,000 RAY to eligible LaunchLab users

Another 50,000 in RAY rewards is now available, this time with even more token creator rewards 🪂 pic.twitter.com/PdsjZZIG4z

— Raydium (@RaydiumProtocol) April 30, 2025 ​​Think of it as a vending machine for tokens: you plug in your details, pick your bonding curve, set a few parameters, and your token goes live.

Did you know? A bonding curve is a mathematical pricing formula that determines how a token’s price increases as more of it gets bought. With LaunchLab, you can choose curves like linear, exponential, or logarithmic, meaning you control how price and demand interact right from the start.

It’s not just about launching. Once your token hits certain thresholds, LaunchLab connects it to real liquidity via Raydium’s AMM (automated market maker). That means your token can be bought and sold directly on Raydium, just like any major coin, without manual listings or middlemen.

Why was LaunchLab created?Before LaunchLab, launching a token meant losing sleep over smart contracts, begging for AMM listings, and hoping your liquidity pool didn’t get drained by snipers. It was technical, slow, and mostly built for developers, not creators.

Raydium built LaunchLab to change that and give every creator a chance to launch with full control, smart liquidity flows, and pricing curves to match their project’s vibe.

Raydium LaunchLab interface: RaydiumWhether you’re testing an idea or building a movement, Raydium LaunchLab makes it feel native — because that’s what it is.

How does LaunchLab work?So, how does Raydium LaunchLab actually work behind the scenes? The good news is that you don’t need to be a dev. Here’s a quick example of the token creation process.

To create a token on LaunchLab you must:
• Pick a launch mode
• Enter token details
• Hit launch

Step 1: Pick your launch modeYou’ll start by choosing between two modes:

JustSendIt – for folks who want to go live now, with minimal fuss. LaunchLab Mode – for those who want customization: bonding curve shape, token supply, fees, vesting, etc. Token creation method one: LaunchLabStep 2: Enter your token detailsThis is your token’s bio. You name it, assign a symbol, upload a logo if you like, and set the total supply. Then, you decide what % you want to sell to the public.

There’s a minimum raise target (e.g., 30 SOL), and you decide the bonding curve logic.

You can choose from the following bonding curve logics:

Linear: Price rises steadily. Exponential: Starts low, then shoots up — great for rewarding early buyers. Logarithmic: Price climbs fast early, then slows — good for smoothing late entries Note: This curve becomes your token’s pricing engine during the launch window.

Token creation method two: LaunchLabStep 3: Hit launch, and optionally, be firstOnce you hit launch, anyone can start buying tokens along the curve. But LaunchLab gives you a cool option: you can make the first buy yourself. That stops bots and snipers from messing up your initial momentum.

Step 4: Automatic liquidity kick-inOnce the raise hits your predefined goal (let’s say 85 SOL), LaunchLab automatically pushes your token and the collected SOL into a liquidity pool on Raydium’s AMM. It even burns the LP tokens, so the liquidity is locked. You can’t pull it, and neither can anyone else.

Step 5: Earn from trading feesHere’s the kicker. If you enable creator fee share, you earn 10% of all LP trading fees from that pool. You get an NFT (“fee key”) that proves you’re the creator, and yep, that NFT is the key to claiming those earnings.

That’s it. From token creation to price logic and real, functioning liquidity in one smooth workflow.

Additional token creation details: LaunchLabWhat are LaunchLab’s key features?You’ve seen the workflow. Now let’s talk about what makes Raydium LaunchLab not just functional, but also powerful.

These features are designed to help you launch like a pro, even if it’s your first time deploying a token.

Full customization with Bonding curves & capsYou’re not locked into one-size-fits-all logic. LaunchLab lets you shape how your token behaves, starting with your bonding curve (linear, exponential, or logarithmic) and ending with your raise cap. So whether you’re rewarding early buyers or trying to maintain price stability, you get to call the shots.

Built-in liquidity via Raydium’s AMMOnce your raise completes, LaunchLab pushes your token and funds into Raydium’s AMM automatically, something we mentioned earlier while discussing the platform’s modus operandi. 

Did you know? Many launch platforms rely on manual liquidity adds or third-party DEX listings. LaunchLab skips that entirely by integrating with Raydium, one of Solana’s top AMMs.

Enable Creator Fee Share, and you earn 10% of all trading fees from your token’s AMM pool. You’ll receive a unique Fee Key NFT, which acts like a revenue pass. As long as it’s in your wallet, you can earn from every trade your community makes.

Support for multiple quote tokensYou’re not limited to SOL. With Raydium LaunchLab, you can set your raise in SOL, USDC, USDT, or jitoSOL, depending on what fits your strategy or audience best.

Did you know? jitoSOL is a liquid staking token built on Solana by Jito Labs. Jito Labs, the team behind jitoSOL, is one of the key players in Solana’s infrastructure scene. The team is known for building tools that optimize staking, validator performance, and MEV (Maximal Extractable Value) solutions — basically helping Solana run faster, fairer, and more efficiently.

Vesting & token unlock optionsIf your project isn’t just a meme (and you’re thinking long-term), LaunchLab has you covered. You can set up vesting schedules, delayed unlocks, and custom distribution plans — all without writing a single line of code.

JustSendIt mode for one-click launchesWant to skip all the custom options? Use JustSendIt Mode, set the basics, and go live in minutes. Perfect for meme coins, experiments, or fast-moving trends.

Is there a LaunchLab airdrop?Be honest; you were hoping for some alpha here, right? So far, there’s no official LaunchLab token, but there have been whispers.

The Raydium team recently dropped a tweet with an airdrop emoji, and the community’s been speculating ever since. So, while there’s nothing confirmed, if you’re interacting with Raydium LaunchLab now, you might be early.

RAY REWARDS FOR TRADERS AND CREATORS 🪂

Traded OR launched a LaunchLab or @bonk_fun token?
Rewards are claimable for eligible participants

More trades AND more tokens launched = better odds 🪂

And yes, another 50,000 $RAY has been added to the prize pool.
Run it back! pic.twitter.com/8dDjYRRyff

— Raydium (@RaydiumProtocol) April 29, 2025 It’s also worth noting that there’s already a referral rewards program tied to LaunchLab launches. Share a project and if someone swaps through your link, you get 0.1% of that volume airdropped directly in SOL. Not a massive bag — but it’s clean, real, and instant. So, no token drop (yet), but definitely a few perks floating around.

How is LaunchLab different from Pump.fun and Pompom?At first glance, all three might look like token launch platforms riding the same meme wave. But dig a little deeper, and it’s clear that Raydium LaunchLab plays a different game. Here is a quick comparison table to validate that notion.

FeatureRaydium LaunchLabPump.funPompomCustomization levelHigh: bonding curves, vesting, multiple token pairsLow: one-click, minimal setupMinima: meme-first, visual-firstLiquidity handlingAuto-migrated to Raydium AMM with LP burnInitially Raydium, now uses PumpSwapNo direct AMM integrationSupported quote tokensSOL, USDC, USDT, jitoSOLSOL onlyMostly SOLPost-launch toolsFee share via NFT, locked liquidityNone (highly experimental)Basic trading, no fee-sharingIdeal forBuilders, long-term projects, serious launchesFast meme coins, viral dropsMeme vibes, visual discovery, and rapid spin-upsWhy LaunchLab matters for SolanaRaydium LaunchLab isn’t just another Solana token launch platform; it’s an infrastructure layer that makes token creation, liquidity, and discovery feel native. By combining deep AMM integration with permissionless tools and bonding curve logic, it helps creators and strengthens Solana’s DeFi flywheel. Whether you’re shipping a meme or a serious project, LaunchLab brings long-term mechanics to what used to be short-term hype.

While it might just be the right time to start exploring it in depth, it’s important to proceed with caution, particularly if you’re looking at investing in LaunchLab-made meme coins. Be wary of scams and fishing links and prioritize safety whenever interacting in such new, decentralized spaces. 

In the volatile cryptocurrency market, DeFi Development Corp. has made a significant move in capital management. Renowned for its Solana $68 (SOL)-focused treasury model, the company recently announced a substantial expansion of its share buyback program. Previously authorized at $1 million, the buyback authorization has been increased to $100 million by the board of directors. This decision reflects the company’s confidence in its long-term strategy.

According to DeFi Development Corp., the company is authorized by the board to conduct share buybacks depending on market conditions. Following the initial purchase of $10 million, further updates will be provided to the board. The repurchased shares will either be canceled entirely or held in the treasury stock. This flexibility allows the company to implement more effective capital management in response to market fluctuations.

This step not only aims to increase shareholder value but also to support investor confidence in the digital asset sector, marked by uncertainties. The management highlighted that the timing and size of the buybacks could vary with market liquidity, corporate priorities, and overall conditions.

Market Outlook for SolanaDespite these positive steps, Solana’s price remains under short-term pressure. At the time of writing, SOL is trading at $205.50, having lost 2.29% in the past 24 hours and 17% over the last week. However, analysts remain optimistic about the long-term outlook. Market analyst Trader Tardigrade notes that Solana has been forming a massive Wyckoff reaccumulation pattern on the weekly chart, lasting over 640 days, which could potentially lead to a strong breakout.

Technically, the $120-$200 range is seen as support, while the $230-$240 region is considered a critical resistance zone. A weekly close above $240 could potentially open the doors for a move toward $300.

Despite the downturn in Solana’s value, institutional support remains significant. For instance, Binance Labs recently allocated a $50 million investment fund for DeFi projects, which plays a role in restoring confidence amidst market fluctuations. DeFi Development Corp.’s initiative could similarly bolster investors’ long-term perspectives.

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 September 26th that, according to Blockworks , Genie founder Scott Gray launched the social trading app Share , securing $5 million in funding from investors including Coinbase Ventures , Collab+Currency , and Palm Tree Crypto. Share supports the three major public blockchains: Solana , Base , and Ethereum , providing real-time insights into users' on-chain transactions and allowing them to track wallets, view market trends, and trade tokens. Each wallet automatically generates a Share profile, allowing users to link multiple wallets and Farcaster accounts. Share will compete with similar products like Fomo and the social features of giants like Robinhood and Coinbase.

The U.S. SEC has suspended trading in the QMMM stock following a nearly 1,000% increase in just three weeks. The spike happened after the company announced its Solana treasury allocation in its crypto treasury. The commission’s move suggests that market manipulation may have taken place. 

SEC Flags Concerns Over QMMM Rally After Solana Treasury Allocation According to Bloomberg, the SEC has halted trading in the QMMM stock after it rallied by 959% upon the announcement of its pivot into digital assets through a Solana treasury strategy and blockchain-driven analytics. 

The company had revealed plans to build a $100 million portfolio targeting Solana, Bitcoin, and Ethereum,  while also investing in long-term Web3 infrastructure projects. The news immediately triggered a reaction. 

The QMMM shares soared by nearly 1,000%, reaching a high of $207 before retreating to $88 in after-hours trading. 

The regulator cited “recommendations on social media by unknown persons” as possible drivers of the surge. This suggests the rally cannot be based solely on the crypto treasury announcement.. This suggests market manipulation could be at play. 

QMMM was not alone. The SEC also suspended Smart Digital Group Ltd. for similar reasons. This extends the crackdown on small-cap firms that have leveraged crypto narratives to draw investor attention.

The company’s announcement of a Solana treasury holding was previously hinted at as the main driver behind the rally. By including the Solana treasury allocation alongside Bitcoin and Ethereum, the firm positioned itself among the growing trend of crypto treasury companies diversifying assets.

However, the commission’s move highlights the dangers of overly linking stock prices to speculative crypto treasury announcements, like this Solana treasury allocation announcement.  Regulators remain cautious of overstated claims or artificially inflated demand, despite such tactics becoming increasingly popular.

Yahoo Finance reports that QMMM stock was trading at $119.40 before the freeze was implemented.

Source: Yahoo Finance; QMMM Price Daily Chart Wider SEC Scrutiny Amid Market Manipulation Fears The suspension move from the SEC fits into a broader enforcement trend. Both the Trump and Biden administrations have targeted social media-driven touting schemes in digital assets. 

More recently, Paul S. Atkins, SEC Chair, announced a Task Force to investigate pump-and-dump activities across crypto markets. This illustrates the agency’s increased attention to detail.

This task force comes amid a backdrop of questionable trading activity in the digital asset space. For example, analysts shared that MYX Finance’s price was manipulated after it surged 270% in just 24 hours.

Similarly, speculation has swirled around a top crypto exchange. Coinbase fell out of XRP’s Top 10 exchanges in terms of reserves. Critics suggested the platform may have reduced exposure to avoid liquidity risks during XRP’s all-time highs.

These events show the regulator’s concern that traded assets and speculative hype could encourage manipulative environments.

Cross-chain transactions today feel like international travel before budget airlines – expensive, time-consuming, and filled with unexpected complications. You might start with ETH on Ethereum, but moving it to Cosmos for staking or to Solana for trading means dealing with complex bridges, waiting through lengthy confirmations, and accepting security risks along the way.

This fragmentation isn’t just annoying, it’s holding back the entire industry. With over $2 trillion in digital assets now spread across dozens of blockchains, we’re facing a reality where our technological ambitions have outpaced our infrastructure.

The Multi-Chain Future Has a Bridge Problem The crypto ecosystem has evolved beyond single-chain dominance. Ethereum, Solana, Cosmos, Avalanche, and numerous L2s each offer unique capabilities and communities. While solutions like LayerZero and Cosmos IBC have improved connectivity, bridges remain the Achilles heel of cross-chain finance.

Consider the sobering statistics: over $2.5 billion has been stolen through bridge hacks. From Ronin’s $620 million exploit to Wormhole’s $320 million hack, bridges represent the single largest attack vector in crypto today. Why? Because most rely on centralized validators, multisigs, or external oracles that create single points of failure.

Even when bridges work as intended, the user experience is painful. Transfer USDC from Ethereum to Cosmos, and you’re looking at a 16-minute wait, enough time for market opportunities to appear and disappear. Add the liquidity fragmentation that forces users to bridge assets repeatedly, and it’s clear why cross-chain DeFi hasn’t reached its potential.

Rethinking Cross-Chain Transactions From First Principles Agoric approaches this challenge differently, having built for interoperability from day one rather than bolting it on afterward. The platform’s recently launched Orchestration API represents a fundamental shift in how cross-chain applications work.

The key innovation lies in how Agoric handles multi-step blockchain operations. Traditional smart contracts must execute within a single block, like trying to complete a complex process in one breath. Agoric’s contracts can persist across multiple blocks, responding to events and managing sequences of actions automatically.

This seemingly simple technical shift enables powerful real-world capabilities:

1. Security Through IBC, Not Bridges Agoric leverages the Inter-Blockchain Communication protocol (IBC), a thoroughly audited, trust-minimized protocol that’s moved billions in assets without a single security incident. Unlike traditional bridges that rely on centralized validators, IBC establishes direct chain-to-chain communication with security inherited from the underlying chains.

Native’s integration with Agoric’s Orchestration API streamlines Bitcoin transactions in Cosmos, removing the need for manual bridging or wrapping at the user level. Behind the scenes, Agoric Orchestration coordinates the necessary cross-chain workflows, enabling frictionless Bitcoin interactions across Cosmos applications.

2. Automated Cross-Chain Workflows Calypso’s implementation of Agoric’s Orchestration API transformed what was once a six-step staking process into a single click. For users, the complex sequence of bridging, swapping, and staking happens automatically in the background.

Fast USDC, another Agoric implementation, cut cross-chain transfer times from 16 minutes to just 2 minutes, a 90% improvement that makes DeFi opportunities accessible that would otherwise be missed during traditional bridging delays.

3. Developer-Friendly Tooling Agoric’s decision to use JavaScript for smart contracts means that 17 million developers worldwide can build cross-chain applications using a language they already know. This familiar async/await pattern is particularly powerful for orchestrating complex cross-chain operations.

Union’s integration with Agoric demonstrates this approach in action. Their implementation uses zero-knowledge cryptography for trustless bridging between chains, with Agoric handling the complex orchestration of cross-chain messages.

Real-World Applications Transforming Finance These technical capabilities translate to concrete use cases that are changing how users interact with blockchain:

Multi-Chain Lending and Borrowing Elys Network is using Agoric’s Orchestration API to create CEX-like experiences in DeFi. Users can borrow assets on one chain and repay on another without manually bridging. The platform handles LP management and derivatives trading across chains without requiring users to understand the underlying complexity.

Cross-Chain Treasury Management For DAOs managing treasury assets across multiple chains, Agoric enables automatic fund distribution without complex manual operations. Contributors can receive payments in their preferred tokens on their preferred chains through a single orchestrated transaction.

Interchain Gaming and NFTs The gaming industry particularly benefits from cross-chain asset transfers. Rather than relying on wrapped NFTs, games can use Agoric’s Orchestration API to enable smooth NFT transfers across chains, preserving ownership and utility. A sword earned on one chain can be seamlessly used in a game on another.

The Foundation Two key components make these capabilities possible:

BLD: Securing Cross-Chain Operations The BLD token is essential for securing Agoric’s proof-of-stake network, ensuring the reliability of long-running smart contracts and cross-chain transactions.

By staking BLD, validators and delegators help maintain network security and economic stability, which is particularly important for applications that require persistent execution across multiple blocks. This security model makes sure that complex processes, such as cross-chain lending, automated trading, and multi-step DeFi operations, can execute safely and predictably, even over extended timeframes.

IST: Stable Liquidity Across Chains IST (Inter Stable Token) provides a native, overcollateralized stablecoin designed specifically for cross-chain operations. Unlike bridged stablecoins that create security risks, IST offers native stability while enabling seamless movement through IBC.

The Road Ahead The multi-chain future isn’t coming, it’s already here. The question isn’t whether assets will flow between chains, but how securely and efficiently they’ll do so. Agoric’s approach of building for interoperability from the ground up, rather than adding bridges as an afterthought, positions it uniquely in this landscape.

Recent partnerships demonstrate growing ecosystem support, with over 60 builders already exploring applications through the Early Access Program. Implementations like Fast USDC are already processing millions in daily volume, proving the technology works at scale.

For developers and DeFi users looking to participate in this multi-chain ecosystem, Agoric’s documentation provides comprehensive guides to building with the Orchestration API. The future belongs to those who can make blockchain’s borders invisible by delivering on the promise of truly open, connected financial systems that just work.

Pump.Science, a nascent protocol built on the Solana blockchain and responsible for the RIF and URO tokens, is a spin on memecoin incubator Pump.Fun.

Pump.Science live streams experiments focused on extending the longevity of people and other organisms.

(Shutterstock)

Posted November 18, 2024 at 3:18 pm EST.

Decentralized science (DeSci), a movement to create public and permissionless infrastructure using blockchain technology for scientific research, is picking up steam.

According to Google Trends, which gives a value of 100 for peak popularity, worldwide interest in the term “decentralized science” was at zero for most of 2024 and has since increased to over 51 as of Nov. 17. Similarly, artificial intelligence platform Kaito signals rising mindshare in DeSci as shown by the whole category jumping 54% in the last 24 hours to a market cap of $1.3 billion, per CoinGecko. 

The climb in attention toward decentralized science comes roughly one week since Ethereum co-founder Vitalik Buterin and Binance co-founder Changpeng Zhao attended a sub-event of Ethereum conference DevCon in Thailand dedicated to DeSci.

Spending more time with innovators, one roomful at a time. Wanna join our Labs incubator?

Many thanks to @VitalikButerin for the special appearance. ???? pic.twitter.com/0gRTryeFCa

— CZ ???? BNB (@cz_binance) November 13, 2024

While biotechnology companies typically own their own IP, firms participating in DeSci are crowdfunding capital for their experiments in exchange for token holders having some rights to the intellectual property. 

By using blockchain technology to remove centralized intermediaries, the goal of DeSci is to increase access to scientific data, enhance transparency in the peer-review process, and motivate global coordination between scientists and researchers, according to a March blog post from Binance Academy. 

VitaDAO on Ethereum On Monday, VITA – Ethereum-based governance token for VitaDAO, a life expectancy-focused DeSci project – reached an all-time high in price of $6.34 and market cap of roughly $160.8 million representing a climb of more than 39% in the last 24 hours and nearly 210% in the past seven days, data from CoinGecko shows. 

Emerging in 2021, VitaDAO, which aims to enable people to fund and participate in early-stage scientific projects through crypto rails, has a $53.8 million treasury. 

Two notable tokens emerging from the VitaDAO ecosystem centered around age-related diseases are VitaFAST and VitaRNA, both of which have jumped 289% and 123%, respectively, in the past seven days. From a technical level, VitaFAST and VitaRNA are intellectual property tokens, which “help accelerate research by aligning incentives around a community of stakeholders that have an opportunity to govern IP and contribute to research itself,” wrote biotech firm Molecule in an X post on Oct. 22. 

Read More: Memecoin Mania: Dogecoin, Dogwifhat, Pepe, and PNUT Pump on Trump’s Win

Ethereum’s Buterin has also argued that the battle for longevity is worth fighting for. In his 2021 appearance on computer scientist Lex Fridman’s podcast, Buterin said, “I hope to see the concept of seeing your parents and grandparents die just slowly disappear from the public consciousness as an experience that happens over the course of half of a century, the same way that getting lost in a city slowly disappeared.”

Pump Science on Solana Meanwhile, RIF, a token associated with gamified longevity research platform Pump Science, has jumped 111% in a 24-hour span and 192,588% over the previous seven days, giving the cryptocurrency a market cap of $227.2 million, per trading analytics platform DexTools. 

Pump Science, a protocol that aims to finance, research, and develop chemicals that increase the time a person and an organism can live with both physical and cognitive functions, is a spin on the highly successful Solana-native memecoin incubator Pump.Fun. 

“The way that [Pump Science] works is when a market cap on any of these compounds… crosses $10,000 on Pump.Fun, then the experiment data is deployed live on Pump Science,” said Paul Kohlhaas, the founder and CEO of Molecule, the firm behind Pump Science, in a speech at Solana Breakpoint in Singapore. 

The ticker RIF is based on the compound antibiotic Rifampicin, which is typically used to treat bacterial infections, the compound’s Wikipedia page states. At presstime, rifampicin is the focus of an experiment that live-streamed on Pump Science to gauge whether the antibiotic can prevent aging in flies. The token RIF is a tokenized representation of the science experiment being conducted with the hypothesis that rifampicin aids with longevity.

Screenshot of the live-streamed RIF experiment. (Pump Science) Tokens deployed on Pump Science such as RIF “represent real-world [intellectual property] governance rights to the underlying compounds data [and] to the experiments being traded,” added Kohlhaas.  

Read More: A Degen Administration? Why the Crypto Czar May Be Allowed to Own Tokens

RIF is one of two tokens currently on Pump Science with the other being URO, short for Urolithin A, which has a market cap of $112 million, growing 228% in the past day and 132,503% over seven days. According to Pump Science’s documents, the experiments “are tested in worms (C elegans) at Ora Biomedical on the Wormbot, or in flies at Tracked Biotechnologies in the FlyBox.” Per Kohlhaas, the average cost to run an experiment with worms is $300. Ora Biomedial is a private company that develops small molecule therapeutics, while Tracked Biotechnologies is a private firm that uses artificial intelligence in its phenotyping system. 

Wormbot is an automated robotics platform that can screen the health and survival of up to 144 populations of worms. FlyBox is a system used to test compounds and drugs on drosophila melanogaster, commonly known as the fruit fly. 

TECHINASIA: StraitsX to launch XSGD, XUSD stablecoins on Solana in 2026

Iran's Revolutionary Guards Corps warned that any vessels using the Strait of Hormuz route without Tehran's approval will be targeted.

Iran's Islamic Revolutionary Guard Corps (IRGC) issued a stern warning to international shipping on Wednesday, stating that any new shipping route through the Strait of Hormuz established without coordination with Tehran is unacceptable and dangerous, and threatening to take direct action against vessels that ignore its orders. The IRGC declared that vessels can only safely transit the Strait of Hormuz via routes designated by Iran. The IRGC Navy added that all vessels seeking to transit the strait must coordinate with the Iranian military via International Maritime Distress and Safety Frequency Channel 16, a requirement that effectively places Iranian military approval at the core of all commercial shipping transiting this key chokepoint. (Jinshi)

2 minutes ago

A crypto whale holding 120,000 ETH long positions has an unrealized loss of over $77 million, and added $8 million in margin in the early hours.

According to on-chain analyst ai_9684xtpa’s monitoring, a whale holding 120,000 ETH in long positions added $8 million in margin in the early hours. Currently, the total unrealized loss on its ETH long positions across four linked addresses stands at approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the significant paper losses, there remains a large buffer before liquidation, and over 6 million USDC is still held on-chain to replenish margin, resulting in low short-term liquidation risk.

2 minutes ago

A crypto whale holding 120,000 ETH long positions is sitting on an unrealized loss of over $77 million, and added $8 million in margin in the early hours.

According to on-chain analyst ai_9684xtpa’s monitoring, the whale holding a long position of 120,000 ETH added $8 million in margin again in the early hours. Currently, the ETH long positions across its four associated addresses have accumulated an unrealized loss of approximately $77.047 million, with an average entry price of around $2,265. Data shows the liquidation prices for the four addresses are $1,174.6, $1,059.1, $1,064.7, and $1,143.6 respectively. Despite the massive unrealized loss, there is still a significant buffer before liquidation, and over 6 million USDC are still held on-chain to supplement margin, leading to low short-term liquidation risk.

2 minutes ago

Ripple's stablecoin RLUSD approved to enter Japanese market

According to official announcements, Ripple’s stablecoin RLUSD has been officially approved by Japan’s Financial Services Agency (JFSA) and launched in Japan. Through a partnership with SBI Group and its subsidiary trading platform VCTRADE, RLUSD will be accessible to institutional and retail users for use in scenarios including payments, asset tokenization, and collateral management.

2 minutes ago

WSJ: CoinEx Linked to Iran-Related Cryptocurrency Fund Flows

According to a Wall Street Journal report, since 2019, wallets linked to Iran have transferred over $3.84 billion in assets via cryptocurrency exchange CoinEx. On-chain data shows that CoinEx’s custodial wallet received crypto proceeds from hacks tied to Iran’s central bank, and conducted direct transactions with accounts previously designated by U.S. officials as belonging to Iran’s Islamic Revolutionary Guard Corps. Additionally, in 2024, CoinEx replaced Binance to become the largest overseas counterparty for Iranian exchange Nobitex, with the two parties recording over $763 million in fund flows last year. Between 2022 and 2025, CoinEx’s custodial wallet also processed transactions involving individuals suspected of participating in the sanctioned Iranian oil sales network.

2 minutes ago

Market Sentiment: Current sentiment among smart money and retail funds in the market is at a neutral level.

According to the latest data from SentimenTrader, as of June 24, the Smart Money Confidence Index stands at 0.56, while the Dumb Money Confidence Index is at 0.49. Both smart money and retail investor sentiment are currently in the neutral range, with no clear optimistic or pessimistic bias emerging in the market.

2 minutes ago

StraitsX will launch XSGD and XUSD on Solana in early 2026, targeting on-chain FX, cross-border settlement, and AI-driven payments with x402 support.

Summary

StraitsX will deploy its SGD- and USD-pegged stablecoins XSGD and XUSD on Solana in early 2026, making it the first L1 to host both assets natively.​ The launch targets on-chain FX, instant SGD–USD swaps, and cross-border settlement, leveraging Solana’s high throughput and low fees plus liquidity pools on CEXs and DEXs.​ Both stablecoins will support the x402 payment standard to enable machine-to-machine and AI-agent micropayments in what StraitsX calls the emerging “agentic economy.” StraitsX announced a partnership with the Solana Foundation to deploy its Singapore dollar-backed stablecoin (XSGD) and U.S. dollar-backed stablecoin (XUSD) on the Solana blockchain, with an initial rollout targeted for early 2026, according to a company statement.

The collaboration will make Solana the first Layer 1 blockchain to host both XSGD and XUSD simultaneously, StraitsX said. The company stated the integration is designed to support on-chain foreign exchange use cases and real-time cross-border settlement, utilizing Solana’s high throughput and low transaction costs.

The deployment aims to enable near-instant swaps between SGD and USD without traditional intermediaries, according to the announcement. StraitsX said the launch will facilitate instant currency conversion and settlement for businesses and developers operating on-chain, allowing users to move between SGD and USD within a single ecosystem.

Stablecoin leading crypto infrastructure push Both stablecoins will support the x402 payment standard, enabling machine-to-machine payments, automated transactions, and AI-agent micropayments, the company said. StraitsX described this functionality as positioning the stablecoins for use within the emerging “agentic economy,” where software agents and machines transact autonomously.

StraitsX plans to collaborate with centralized and decentralized exchanges to establish liquidity pools for XSGD and XUSD on Solana, stating that liquidity provisioning will be prioritized to ensure efficient foreign exchange swaps and settlement at scale.

The Solana expansion follows previous issuance of XSGD on Ethereum, Polygon, and Coinbase’s Base Layer 2, extending the stablecoin’s multichain presence.

StraitsX operates as a Major Payment Institution licensed by the Monetary Authority of Singapore. The company reported its stablecoins have processed more than $18 billion in cumulative on-chain transaction volume to date. The firm stated the Solana deployment aims to combine regulatory-grade stablecoins with high-performance public blockchain infrastructure for use cases including cross-border payments, foreign exchange settlement, programmable finance, and AI-driven transactions.

London, UK – October 2025: Zebu Live wraps up after hosting over 4,500 attendees and 10,000 virtual participants, marking the event’s most ambitious edition to date. 

The two-day summit featured more than 200 speakers and 500 partners, including headline addresses from Nigel Farage, Leader of Reform UK; Tom Duff Gordon, Vice President of International Policy at Coinbase; and Joey Garcia, Executive Director at Xapo Bank.

Major sponsors and partners included Coinbase, Solana, Concordium, Alkimi, and Andersen LLP, underscoring Zebu Live’s position as the intersection of Web3 innovation and institutional engagement.

Throughout the event, speakers and panels examined topics such as Intelligence Onchain, Beyond Digital Gold, Builders & Backers, Code vs Law, and From Protocol to Product, providing attendees with insights on the shifting dynamics of blockchain, policy, and infrastructure.

Crypto’s expanding institutional footprint was evident as Bitwise’s Head of Europe, Bradley Duke, underscored how corporate treasuries and institutional investors are increasingly positioning digital assets as both a hedge against monetary debasement and a catalyst for long-term growth.

“We’re seeing the true institutionalization of blockchain,” Duke said in his keynote. “Corporate treasuries, ETFs, and regulated products are now forming the structural backbone of the crypto market.”

Another partner, Rayls, known as “the bank for blockchain”, successfully raised over $1.75 million through its public sale on Republic, underscoring the rising demand for institutional-grade blockchain products and infrastructure.

Further signaling the market’s growing maturity, UK-based firm Echo was acquired by Coinbase in a transaction supported by Andersen LLP’s digital asset team. The deal highlighted the deepening connection between traditional advisory firms and Web3 enterprises, reflecting increasing institutional confidence in the strength of the UK’s blockchain ecosystem.

“The UK’s momentum in digital assets is building, supported by clear innovation and encouraging signals that contribute to its standing as a global crypto and fintech hub, but it is vitally important to get the stablecoin and crypto regime right. Our efforts, such as the Coinbase accelerator, are cultivating a pipeline of Web3 startups and highlighting the high quality of local talent.”

— Keith Grose, Senior Country Director of Coinbase.

Adding to the excitement, Coinbase CEO Brian Armstrong spotlighted the event on social media, sharing his support for Zebu Live and its alignment with the Stand With Crypto movement, further emphasizing the UK’s growing role in shaping forward-looking Web3 regulation and innovation.

“Zebu Live has become more than a conference; it’s where the global Web3 community comes together to shape the next decade of innovation,” said Harry Horsfall, Co-Founder of Zebu Live. “This year’s event reflected how far the industry has evolved, from speculative markets to scalable products, real-world use cases, and regulatory collaboration.”

With another record-breaking year concluded, Zebu Live continues to set the stage for global collaboration across blockchain, fintech, and AI, reinforcing its reputation as a leading annual moment for the builders shaping the decentralized internet.

About Zebu Live100 super early bird tickets are on sale now (linked here).

Designed to unite the brightest minds in Web3, Zebu Live is a global catalyst for collaboration and the acceleration of blockchain adoption. Now in its fifth year, Zebu Live has cemented its place as the UK’s flagship Web3 summit, bringing together innovators, industry leaders, and changemakers from across the crypto, fintech, and policy spectrum.

Through immersive conferences, workshops, and community events, Zebu Live provides a platform for knowledge-sharing, networking, and launching the ideas that are shaping the future of decentralized technology.

Media Contact

Jolyon Layard Horsfall
[email protected]: https://www.zebulive.xyz/

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Verasity is now an official launch partner for the MEW memecoin and its “Catch MEW If You Can” Blind Box collection. MEW is a Solana-based memecoin built around a cat narrative that challenges the dominance of dog-themed memecoins. Collectors can purchase co-branded blind boxes and figurine sets, which are available for a limited 24-hour window.

Web3 just got a little cuter... 😼

We’re thrilled to share that Verasity is an official launch partner for @MEW and their 'Catch MEW If You Can' Blind Box collection!

For the uninitiated, MEW is a Solana-based memecoin built around the story of a mischievous cat on a mission to… pic.twitter.com/VJRa4v7gW1

— Verasity (2025 ⏩) (@verasitytech) September 22, 2025 Each blind box contains a randomly chosen figurine, ideal for collectors or as a fun desk companion. There are six different characters, each with its own rarity level.

Additionally, every “Catch MEW If You Can” figurine has a scannable NFC chip that grants access to on-chain rewards.

The partnership allows Verasity to support MEW in distribution, community engagement, and wallet integration. 

What Is the ‘Cat in a Dog’s World’ MEW Memecoin?The MEW memecoin, also called “Cat in a Dog’s World,” launched on the Solana blockchain in March 2024. Unlike other memecoins that follow dog-themed narratives, MEW is designed to offer an alternative perspective, telling a story where a cat navigates a world dominated by dog coins like Dogecoin and Shiba Inu.

MEW has quickly become the second-largest memecoin on Solana after POPCAT, reflecting strong community adoption and trading activity. Its rapid growth is partially driven by creative storytelling, community-driven content, and tokenomics strategies aimed at ensuring stability and engagement.

Understanding MEW Memecoin TokenomicsMEW’s tokenomics are designed to promote stability and community involvement. Key aspects include:

Liquidity Burn: 90% of liquidity pool tokens were burned to establish a price floor and reduce volatility.Community Distribution: The remaining 10% of tokens were airdropped to specific members of the Solana community, incentivizing early adoption and active participation.Utility and Stability: This tokenomics approach balances scarcity and engagement, making MEW competitive among memecoins while providing a consistent transactional framework.These mechanisms contribute to a predictable trading environment and encourage long-term community growth.

Verasity’s Cross-chain Wallet IntegrationWorth noting, Verasity has recently updated VeraWallet to support cross-chain operations, allowing VRA token holders to manage Ethereum and BNB Chain balances in a single interface.

Dual-Network Support in VeraWalletThe update introduces a dual-network system, enabling:

Combined balance viewing for Ethereum and BNB Smart Chain VRA tokensDeposits, staking, and withdrawals without network-specific confusionNetwork selection during withdrawals with automatic fee calculationsThese improvements streamline token management, making it easier for users to interact with cross-chain assets without switching wallets.

Storing and Staking VRAVeraWallet also functions as a custodial wallet with a focus on security:

99.9% of VRA tokens are stored offline in cold storageStaking offers a 15% annual percentage rate with daily reward distributionUnstaking is available at any time, though withdrawal delays maintain securityUsers can stake, deposit, and withdraw tokens securely, reducing reliance on external platforms or unverified smart contracts.

Buying, Selling, and Fiat ConversionVeraWallet supports direct VRA purchases via debit, credit card, or bank transfer. Users can convert VRA to fiat currencies like USD, EUR, or GBP without using third-party exchanges. The wallet’s network selection feature simplifies cross-chain transfers while maintaining clarity on fees and net amounts.

Broader Ecosystem SupportCarbon Browser recently announced they will be integrating Verasity’s blockchain-based advertising infrastructure, providing verification of user engagement for over 7 million users. The browser supports multi-chain wallets, staking, cross-chain swaps, and decentralized applications.

This integration enhances Verasity’s ecosystem by:

Providing secure, verified interactions for video monetizationEnabling staking, governance, and rewards using Carbon’s native $CSIX tokenExtending access to decentralized finance tools and cross-chain functionalityConclusion

Verasity’s collaboration with MEW memecoin demonstrates practical support for emerging tokens. 

MEW distinguishes itself on Solana through its narrative, tokenomics, and market presence, while Verasity ensures secure, flexible access to VRA assets and related tokens. The partnership combines operational infrastructure with creative storytelling to strengthen both ecosystems.

Resources:Verasity X platform: https://x.com/verasitytech

Verasity Documentation: https://verasity.helpscoutdocs.com/

MEW Whitepaper: https://mew.xyz/MEW_ip_whitepaper.pdf

MEW Blind Box press release: https://cointelegraph.com/press-releases/mew-blind-box-mew-racing-into-retail-as-a-major-brand.

A closely followed crypto strategist believes one Ethereum (ETH) competitor is primed to print gains of more than 2x this year.

Pseudonymous analyst Altcoin Sherpa tells his 211,900 followers on the social media platform X that he thinks Solana (SOL) will see new all-time highs this year.

[adinserter block="1"]

But while the crypto strategist is long-term bullish on SOL, he expects the Ethereum rival to witness a pullback before starting a fresh leg up.

“There is going to probably going to be a pullback somewhere in the $200-$250s, but I don’t know how deep it’s going to be.

Still bullish as hell on this one this cycle, it’s the best chain for retail (evidence of memes). Probably $500+ in 2024.” 

Source: Altcoin Sherpa/X At time of writing, SOL is worth $187.90, down over 6% in the past day.

Next up, the trader says that RSS3, a decentralized information processing protocol, appears to be trading in a range with an upper bound of $0.57 and a lower bound of $0.40.

“Still a super strong coin, RSS3 is one I’m still invested in and have a bag. Ranging for now and I think that this has been very strong amidst market volatility.”

Source: Altcoin Sherpa/X RSS3 is trading for $0.448 at time of writing, down 15.4% in the last 24 hours.

Lastly, the trader says he is bullish on Ondo Finance (ONDO), a project focused on tokenizing real-world assets (RWAs) including short-term bonds and US Treasuries.

“ONDO: buy ONDO for financial freedom around $0.43. One of my bags for real-world assets (RWA) this cycle, expecting good things for the future.”

Source: Altcoin Sherpa/X Ondo is trading for $0.422 at time of writing, down more than 12% in the last 24 hours.

Generated Image: Midjourney

In the dynamic world of cryptocurrency, meme coins often spark intrigue but rarely transform into serious market contenders. However, BONK, initially launched as a playful meme token, is rapidly rewriting this narrative. Evolving far beyond its whimsical beginnings, BONK is undergoing a remarkable metamorphosis, emerging as a formidable force in the crypto space. This transformation is most notably embodied by BONKbot, a Solana-based Telegram trading bot revolutionizing how traders interact with digital assets.

In a striking display of this evolution, BONKbot recently achieved a milestone by amassing $768,000 in fees within a mere 24-hour span. This achievement is impressive in its own right and places BONKbot on par with some of the most established DeFi protocols on Ethereum, such as Aave and Curve.

This surge in revenue came on the heels of BONKbot facilitating a staggering $59 million in trading volume on Solana's DEXs on December 27th. Marking its third consecutive day of generating over $700,000 in revenue, BONKbot has swiftly elevated itself to the ranks of DeFi giants, challenging the status quo of platforms that boast billion-dollar valuations.

Ethereum-based protocols are taking note of Bonkbot's meteoric rise. In a notable development, UNibot, an Ethereum trading bot, announced its intention to support Solana starting January 1st. This move, facilitated through partnerships with Jupiter and BirdEye, positions UNibot to capitalize on the burgeoning Solana market. While generating $50,000 in daily fees, UNibot's cross-chain expansion is a strategic effort to capture a larger market share.

Further adding to BONKbot's appeal is its contribution to the $BONK token ecosystem. A portion of BONKbot's revenue, precisely 10%, is allocated to the instantaneous burning of $BONK tokens. This strategy enhances the token's value beyond its meme origins and introduces a deflationary aspect to its economics. Such tactics elevate the token's status and cement BONKbot's integral role in the broader BONK ecosystem.

The evolution of BONK from a mere meme token to a pivotal ecosystem token is also supported by the development of BONK-related applications. BONKswap, a dedicated DEX, and the BERN token by BONK EARN contribute to BONK tokens' burning through their own fee structures and token taxes. This symbiotic relationship reinforces the token's utility and value within the ecosystem, showcasing the potential of meme coins to develop into robust and multifaceted crypto assets.

As 2023 draws to a close, the crypto community is keenly observing the evolving story of BONK and its influence on the DeFi ecosystem. With its innovative approach and expanding ecosystem, BONKbot is not merely a participant in the crypto market – it is a true game-changer, reshaping perceptions and possibilities in the realm of digital assets.

29.01.2024 - 10:03

Update: 29.01.2024 - 10:03

Cryptocurrency trading platform Unibot team made a new announcement today regarding the UNISOL token to be issued based on Solana.

At this point, Unibot, which initially came out as part of the Ethereum (ETH) ecosystem, announced that it has now adopted the Solana ecosystem and will launch a new token, UNISOL.

The new token, UNISOL, is designed to generate revenue in SOL, Solana's native currency, the team said.

This new token announcement was met with skepticism by investors and caused volatility in UNIBOT's price.

However, the developers assured in their statement that UNISOL can increase the value of UNIBOT.

The team also announced that UNIBOT holders will receive 80% of the UNISOL supply as an airdrop.

This move will allow UNIBOT holders to benefit from the 50% distribution of revenue generated by Unibot on Solana and earn additional earnings through the UNISOL airdrop.

UNIBOT, which experienced an increase of nearly 50% after the announcement, continues to be traded at $ 57 with an increase of approximately 20% at the time of writing.

//ANNOUNCEMENT

We'd like to clear the confusion around the path forward.

The revenue sharing for protocol revenue generated by @UnibotOnSolana is split 50/50 between two pools, described as follows.
Pool #1: simply being a holder of $UNIBOT on Ethereum, no strings attached.… pic.twitter.com/vqEVVhG1FI

— Unibot (@TeamUnibot) January 28, 2024

*This is not investment advice.

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Hassan Shittu

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January 29, 2024

Source / Sam Cooling x Unibot Trading application Unibot has announced the issuance of a native Solana ecosystem token, UNISOL, causing a stir in the market and triggering volatile price action last week. The move, which initially met criticism from long-time UNIBOT holders, is intended to accrue value back to the holders of the original Ethereum-based UNIBOT tokens.

F*CK points. Trade with Unibot, share your PNLs on @X and get $UNISOL tokens to start earning revenue on Solana. Our airdrops are kickstarting soon. 🪂

Trade now: https://t.co/Mq0O2BZB1N

Join our community: https://t.co/js1RPkujfK pic.twitter.com/udnMG72xYT

— Trojan on Solana (@TrojanOnSolana) January 26, 2024

Unibot is a trading tool built within Telegram that allows users to execute on-chain token trading activities on Uniswap through conversations on the messaging platform. The bot offers features like token swapping, copy trading, limit orders, privacy trading, and real-time alerts for new Ethereum tokens.

Unibot expanded its operations to the Solana ecosystem in late December, but introducing the UNISOL token last week raised concerns among UNIBOT holders. Fears of dilution led to a sell-off as traders seemed inclined to favor the newer UNISOL token over the original UNIBOT.

However, developers reassured the community on Monday that UNISOL could enhance UNIBOT’s value accrual, potentially alleviating recent losses as traders factored in new information. Unibot facilitates user wallets’ connection to the decentralized exchange Uniswap, enabling seamless token trading similar to messaging on popular platforms like Telegram or a terminal.

Developers explained the revenue-sharing mechanism for protocol-generated income by @UnibotOnSolana, splitting it 50/50 between two pools. The first pool benefits holders of UNIBOT on Ethereum, who link their Ethereum address to a Solana address receiving revenue in SOL. The second pool rewards holders of UNISOL on Solana.

UNIBOT holders are slated to receive approximately 80% of the UNISOL supply through a snapshot and claim mechanism. Despite the recent sell-off, developers believe this integration could enhance UNIBOT’s value proposition.

Users can interact with Unibot directly on Telegram, streamlining the process of making token trades without switching between social and decentralized finance (DeFi) applications. Unibot charges transaction fees ranging from 0.5% to 1.5% for each transaction, with 80% of its income generated from these token trading taxes.

Since its launch in early January, Unibot has attracted over 20,000 users, generating more than $130 million in total volume, according to developers. The platform’s user base has steadily increased, reaching 41,000 on Monday, up from just over 2,000 at the end of June.

Unibot Expands to Solana with Unisol Aiming to Boost Revenues Amid Shift in Memecoin Trading Activity
According to Dune Analytics data, out of the current 3,280 ETH revenue captured by Unibot, 2,843 ETH comes from the UNIBOT token trading tax, with less than 20% generated from the main bot trading business. On Sunday alone, according to Dune Analytics, Unibot generated $74,000 in fees across Solana and Ethereum, with average daily volumes exceeding $5.5 million.The application’s revenue model revolves around two primary methods: bot trading fees and the trading tax of its native token, UNIBOT. The former involves the platform charging a 1% fee on each transaction, with 40% distributed to token holders. The latter is a 5% tax on all UNIBOT token transactions, with 1% allocated to token holders.However, revenues generated by Unibot are shared with token holders who possess at least 10 UNIBOT. Token holders have received over 4,496 ETH in total rewards, valued at over $11.3 million at current prices.Token holders can enhance their rewards by sharing their unique referral code, earning 25% of the total fees generated by anyone using their referral code. Stakers can expect a 9.43% annual percentage rate (APR).Unibot’s strategic expansion to the Solana blockchain comes amid a booming period for blockchain trading in December. Decentralized exchanges on Solana have now become the third-most active among traders, following those on Ethereum and Arbitrum.Last summer, Ethereum experienced a similar memecoin frenzy driven by platforms like Unibot and Maestro, leveraging Telegram trading bots. As activity metrics on Solana return to normal after a year-end surge, Unibot’s move to Solana aims to capitalize on the blockchain’s increasing popularity among traders.During its peak in August, Unibot facilitated over $8 million in daily trading volume through its Telegram interface, generating more than 11,400 Ether worth $29.5 million in lifetime fees. However, with a significant portion of memecoin trading activity shifting from Ethereum to Solana, Unibot’s revenue also experienced a decline.Popular trading bots are following the Solana trend to boost revenues, yielding positive results. Unibot’s eponymous token has surged 85% over the past month, trading around $94.

Table of contents

Unibot, a well-known Telegram Bot project, is currently going through a lot of trouble because of its partnership with Solana. The core team of Unibot has made the important decision to cut ties with Solana. They have also cited problems that have come up during their time working together.

Dear Community Members,

We are reaching out to share a significant update regarding our collaboration with the team which deployed Unibot on Solana.

After careful consideration and feedback from our partnered organizations, the Unibot core team has decided to part ways with the…

— Unibot (@TeamUnibot) March 11, 2024 Unibot Uncovers Breach of Trust with Solana At the heart of the decision lies a breach of trust. Unibot discovered that the Solana team had set up “evm_unibot” on Blast without permission. This one-sided action violated Unibot’s rules and caused withdrawal issues for users. Unibot values community trust and safety, and these actions damage it.

Additionally, the Solana group’s refusal to follow KYC rules made things worse. Know Your Customer (KYC) procedures ensure financial transaction security and compliance. Solana’s refusal to follow these rules caused Unibot problems and raised questions about the platform’s openness and compliance.

Solana kept their Unibot fee promises despite being repeatedly asked to do so. Not paying their bills put Unibot’s finances at risk and lowered the Solana team’s credibility. The Unibot core team had to reconsider their partnership with Solana because they couldn’t solve these issues.

Unibot decided to strategically build its own Solana bot to address these issues. This move aims to regain platform control and improve security to protect users. Unibot wants to bring development in-house to make it more transparent, accountable, and user-safe.

Unibot Teams Up with [Redacted] for New Solana Bot Development Unibot launched a partnership with [Redacted] to develop its Solana bot. This partnership gives Unibot a fresh start by using [Redacted]’s knowledge and resources to build a powerful and simple Solana bot. This partnership supports Unibot’s goal of creating new blockchain solutions and improving user experience.

This partnership gives Unibot users SOL reward tokens from the Unibot Core Team. This project rewards loyal Unibot users and encourages community participation. SOL reward token announcements will be made on Unibot’s official channels. All users will have clear and open access.

Overall, Unibot’s decision to end its partnership with Solana shows its commitment to transparency, openness, and user safety. Unibot wants to overcome its issues and become stronger by developing its Solana bot and partnering with [Redacted]. Unibot will continue to serve its community and improve the blockchain ecosystem as it evolves.

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.

In a pivotal move that underscores its commitment to integrity and user trust, the Unibot Core Team has announced a strategic shift in its approach to deploying Unibot on the Solana blockchain. The decision, driven by a series of operational and ethical considerations, marks a significant departure from the team’s previous collaboration with an external group responsible for Unibot’s Solana operations. 

The core team’s resolve to realign its operations with its foundational values of transparency, security, and honesty heralds a new era for Unibot and its dedicated community.

Realigning with foundational values The Unibot Core Team’s decision to sever ties with the external Solana deployment team is not one taken lightly. It stems from a profound commitment to uphold the project’s core values, which serve as the bedrock of its relationship with the community. The request for the external group to change its name and fulfill its financial obligations to Unibot holders reflects the core team’s dedication to transparency and accountability. The move is a clear statement that Unibot stands for more than just technological innovation; it embodies a commitment to ethical conduct and community respect.

The issues leading to the decision, including unauthorized launches and a refusal to comply with standard KYC procedures, have highlighted significant gaps in alignment between the external team’s operations and Unibot’s values. These challenges have underscored the necessity for the Unibot Core Team to take decisive action, ensuring that all aspects of Unibot’s deployment on Solana are conducted in a manner that reinforces trust and security for its users.

Unibot Core Team forging ahead with a new partnership In response to these challenges, the Unibot Core Team is charting a new course by partnering with a yet-to-be-disclosed entity for its proprietary Solana bot. The partnership is poised to redefine the Unibot experience on Solana, prioritizing the security and transparency that are fundamental to the project’s ethos. The forthcoming Solana bot, accessible through the Telegram platform and Unisol-X platform, signifies a strategic pivot towards in-house development and operation, promising a more secure and user-centric platform.

The anticipation surrounding the official launch of the Unibot Solana Official TG Bot and Unisol X is palpable. With the promise of zero fees on Unibot Solana for the first month, the core team is not only demonstrating its commitment to providing value to its users but also its confidence in the new direction. The transition period is a testament to the team’s agility and its unwavering focus on delivering a platform that meets the high standards expected by its community.

A renewed commitment to excellence The Unibot Core Team’s strategic redirection is a bold affirmation of its dedication to the project’s core values and its community. By taking control of Unibot’s Solana operations, the team is setting a new standard for transparency and security in the DeFi space. The move is expected to bolster user confidence and solidify Unibot’s position as a trusted name in decentralized finance. The introduction of SOL reward tokens directly from the Unibot Core Team further exemplifies the commitment, offering tangible benefits to users and reinforcing the project’s community-centric approach.

Looking forward, the Unibot Core Team’s focus on in-house development and strategic partnerships is poised to usher in a new era of innovation and growth for the project. As Unibot continues to evolve, the core team’s dedication to its foundational values will remain at the forefront of its operations. The community can expect a platform that not only meets but exceeds the highest standards of security, transparency, and user engagement. With these changes, Unibot is well on its way to achieving its vision of becoming a leading force in the DeFi ecosystem, driven by a commitment to excellence and a deep respect for its users.

Conclusion The Unibot Core Team’s recent announcements represent a significant milestone in the project’s journey. As it embarks on the new chapter, the team’s dedication to its core values and its community is clearer than ever. With a strategic shift towards in-house development and a new partnership for its Solana operations, Unibot

Unibot’s native token fell past $50 today.Conflict has broken out between the popular Telegram bot’s Ethereum and Solana developers.Both sides traded accusations of breach of trust.Unibot’s token fell more than 40% today as news emerged of infighting between its Ethereum and Solana developers of the popular Telegram trading bot with over $1.1 billion in volume.

Unibot’s Ethereum developers said they had ended their collaboration with their Solana counterparts, accusing them of reneging on previous agreements.

The Solana group confirmed the split, announcing plans to rebrand from Unibot’s Ethereum team.

Unibot is a Telegram trading bot on both Ethereum and Solana. It first emerged on the Ethereum mainnet last May, followed by a Solana deployment in January.

Unibot users, especially those who use the Solana-based iteration, now find themselves in the lurch.

Today’s split is the latest problem to rock Unibot, which was previously hacked for $5.6 million last year. These problems have contributed to the project falling further behind its major rival, Banana Gun bot.

Unibot and Banana Gun bot belong to a class of projects that allow crypto users to trade tokens using only a few simple commands on Telegram.

Hello! This chart will be available in a few moments

Unibot token slumps below $50 amid in-fighting between project teamsTelegram bots have evolved into a crypto niche in their own right and boast a $1.6 billion market capitalisation, according to Coingecko.

Apart from trading, several bots also share revenue with users, and some of them help traders automate airdrop farming activities.

Unibot developers lance accusationsThe Ethereum developers behind Unibot accused the Solana group of a breach of trust because the latter also launched a version of the bot on the Blast blockchain without its approval. Blast is a layer-two blockchain built by the same team behind the NFT marketplace Blur.

Unibot’s Ethereum developers accused its Solana counterparts of refusing to undergo the KYC identification process, too.

As such, the Unibot Ethereum team demanded the Solana group change its name which is currently Unibot on Solana.

Following the split, the Unibot Ethereum developers launched a Unisol X frontend for users on Solana as an alternative to the Unibot on Solana bot. They decided to launch a second front because they are no longer working with the Solana group.

Responding to Unibot’s accusations, Reethmos, the pseudonymous Unibot on Solana builder, said the split would not affect its users.

Unibot has earned over $53 million in revenue since inception. (whale_hunter/Dune/whale_hunter/Dune)

Reethmos countered Unibot’s statement and accused the Ethereum developers of engineering the split because the Solana team blocked their access to the bot’s revenue.

“They farmed $30 million from tax farming but apparently it wasn’t enough,” Reethmos said on X, formerly Twitter. Tax farming is the practice of levying fees on token swaps, and Unibot’s Ethereum developers earn 40% of the tax imposed on trading the token.

Unibot generates revenue across all chains, which is shared among token holders. To qualify for the revenue share, holders must hold at least 10 Unibot tokens.

Of the $53 million in cumulative revenue the bot has generated, $48.2 million has been realised on the Ethereum deployment.

Osato Avan-Nomayo is our Nigeria-based DeFi correspondent. He covers DeFi and tech. To share tips or information about stories, please contact him at [email protected].

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