Track market-moving stories before they get noisy

As XRP stabilizes around $2.70 and the broader crypto market catches its breath, a wave of smaller altcoins is stealing the spotlight, led by a 95.3% surge in Kyber Network Crystal (KNC).

Kyber Network’s explosive rally follows the late-May launch of its crosschain platform, with CEO Victor Tran touting the team’s long-term resilience and development consistency. The altcoin’s breakout underscores a broader trend of niche tokens outperforming in a sideways market, with Altcoin and meme token Kori also seeing triple-digit gains over the past week.

But while some projects cite platform launches and teasers as catalysts, others appear to ride on hype alone—raising questions about sustainability as traders chase momentum.

‘Everyone keeps working hard‘ Kyber Network Crystal, over the last 24 hours, reached $0.6118 from a low of $0.3131. The surge comes months after Kyber Network launched its KyberSwap Crosschain platform in late May.

Tran took to X to address the token’s notable performance. He also posted a screenshot of the surge alongside a message emphasizing the team’s dedication.

KNC 24H price chart from CoinGecko “Nothing changed, everyone keeps working hard as we have been for 8 years. We want to prove OG teams will win in the long run. @KyberNetwork”

This statement appears to position Kyber Network as a veteran project that has weathered multiple market cycles. He also suggested that sustained development and team commitment are finally being recognized by the market.

Second on the top gainers list is Altcoin which has surged 86.8% over the past 24 hours, reaching $0.08106 from $0.03835. The project has also posted a cryptic announcement teasing developments for next week.

ALT 24H price chart from CoinGecko While details remain scarce, such forward-looking statements often drive speculative buying as traders position ahead of potential news.

However, ALT has faced technical issues with price tracking. The project’s X account addressed concerns about incorrect price displays: “Hey coingecko, please correct the price for $ALT on your platform. You’re displaying the price of the wrong ALT token, which is completely unrelated to us and it’s impacting the community.”

Third on the list is Kori, which has climbed 68.5% in the last 24 hours, trading at $0.04098 from $0.02285. The meme coin has shown remarkable longer-term performance, surging over 1,600% in the last 30 days and 485% in the past week.

KORI 24H price chart Despite the price action, there haven’t been any notable developments from the project that would explain such massive gains. The token has been trending on X, which appears to be the primary driver behind its momentum.

The current altcoin surge occurs against a backdrop of market stabilization. XRP (XRP) has cooled down from its recent rally and is now trading in the $2.7 range, while Solana (SOL) maintains its position around $160.

However, traders should approach these high-flying tokens with caution. While KNC has clear catalysts in the form of product launches and team statements, tokens like KORI appear to be driven primarily by social media hype without fundamental backing.

2026.05.21 11:22:52

May 21. On May 20, the U.S. Spot Hyperliquid ETF notched $25.5 million in net inflows—its largest single-day haul since launch. In the days leading up to that date, the ETF had posted net inflows of $4.4 million on Monday and $11 million on Tuesday. Data shows the 21Shares Hyperliquid ETF (THYP), which launched on May 12, brought in $16.7 million in net inflows that same day—up from the $5.3 million it saw the prior day. The Bitwise Hyperliquid ETF (BHYP), launched on May 14, took in $8.8 million, a jump from the $5.7 million it recorded the day before. Over its first seven trading days, the entire category has pulled in a total net inflow of $54 million. Peter Chung, research director at Presto Research, noted that when adjusted for market capitalization, institutional flows into the HYPE ETF have outpaced the speed of inflows into Bitcoin ETFs so far this year. Dominick John, an analyst at Zeus Research, added that these inflows signal investors are capitalizing on entry points tied to the infrastructure narrative, while recognizing the asset’s transparent, usage-driven revenue model. Fueling this momentum, HYPE’s token price surged 17.3% in the past 24 hours to $55.91, with a current market cap of roughly $13.4 billion. The token previously hit an all-time high of around $59.3 in September 2025. Per CoinGecko data, HYPE’s fully diluted valuation briefly reached about $54.7 billion, momentarily surpassing Solana’s $54.2 billion valuation at the time. Tim Sun, a senior researcher at HashKey Group, believes the sustained inflows into the HYPE ETF show the market is forming a new consensus: decentralized trading platforms are starting to be integrated into broader overhauls of financial infrastructure. Jeff Ko, chief analyst at CoinEx, pointed out that HYPE and its related ETFs have structural investment logic distinct from Bitcoin and Ethereum. He explained: Bitcoin acts as a non-yielding store of value; Ethereum centers on staking rewards; HYPE, meanwhile, operates more like equity in a cash-flow-generating trading platform—since the protocol uses most of its fees for open-market token buybacks, giving investors a more familiar valuation framework to work with. On-chain metrics confirm Hyperliquid has become a dominant player in on-chain perpetual contract and derivative trading. So far this week, the network has captured approximately 42% of total blockchain fees, outperforming Tron (22.6%), Solana (10.6%), and Ethereum (8%) in that key metric.

Relevant content

Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.

Market news: Japanese storage chip maker Kioxia plans to list its American Depositary Receipts (ADRs) in the U.S. in April or May next year. (Jinshi)

3 minutes ago

Micron's earnings report lifts SK Hynix's stock price 11%, trader 'yixie' expands their unrealized profit to $1.3 million.

According to Hyperinsight monitoring, Micron’s Q3 financial results exceeded all expectations, driving peer SK Hynix’s stock to rally nearly 11% from its recent low. On the Hyperliquid platform, SKHYNIX is currently trading at $1,821, up 6.2% in the past 24 hours. Prominent trader yixie (X: @yixie10) nearly doubled his principal during this rally; he is now holding a 2x long position of 2,289 SKHYNIX contracts at an average entry price of ~$1,239.9. Fueled by the rally, the position’s unrealized profit has expanded to $1.37 million, a 96% gain. As of press time, the trader boasts an 85% win rate in semiconductor storage stock trades since opening positions this year, with total historical profits of $6.68 million, including $4.25 million from Micron Technology trades. Address: 0xa65ce1d604fa901c13aa29f2126a57d9032e412b – HyperInsight Bot is now live. Add @HyperInsightBot to your Telegram group and set it as an admin (enable message sending permission) to automatically sync on-chain news.

3 minutes ago

STRC drops to near $80, marking another new all-time low.

According to Bitget market data, Strategy’s preferred stock STRC has dropped to a low of $80.26, hitting a new all-time low since its listing. Calculated based on a $100 par value, the current discount has reached 20%.

3 minutes ago

OKX will launch CARDS spot trading today.

According to an official announcement, OKX will launch spot trading for CARDS (Collector Crypt) today. CARDS deposits will open at 18:00 UTC+8 on June 25, pre-ordering for the CARDS/USDT trading pair will run from 19:00 to 20:00 UTC+8, spot trading will officially commence at 20:00 UTC+8, and withdrawal functions will be available at 22:00 UTC+8.

3 minutes ago

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)

3 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.

3 minutes ago

Hot feeds

Hot Articles

Follow us

Saros (SAROS) Faces 70% Crash: What Caused the Sudden Price Drop?

In the first week of December 2025, Coinbase—the largest US exchange—added five new assets to its listing roadmap. This move signaled a positive shift in recovering demand from US investors.

Additionally, Bithumb listed new altcoins. Although market sentiment remains fearful. However, several indicators show that US investor appetite is improving.

Coinbase and Bithumb Add New AltcoinsIn a new announcement, Coinbase revealed that five new assets have been added to its listing roadmap.

The roadmap is a list of tokens that Coinbase is evaluating for potential future listing. Coinbase emphasized that listing depends on support from market makers and the availability of sufficient technical infrastructure. The exchange will announce the trading schedule later.

Assets added to the roadmap today: Humidifi (WET), zkPass (ZKP), Plume (PLUME), Hyperlane (HYPER), and Jupiter (JUPITER)https://t.co/lyEugQo7Cv

— Coinbase Markets 🛡️ (@CoinbaseMarkets) December 2, 2025 The newly added altcoins include:

Humidifi (WET) – the largest decentralized exchange (DEX) on Solana by volume, handling over $1 billion in daily trading. zkPass (ZKP) on Ethereum (ERC-20), known for zero-knowledge proof technology that enhances data privacy. Plume (PLUME) on Ethereum, an RWAfi (Real World Assets Finance) platform integrating with Circle’s Arc testnet. It aims to connect traditional finance with DeFi. Hyperlane (HYPER) on the Base network, enabling cross-chain communication. Jupiter (JUPITER) on Solana, the leading DEX aggregator in the Solana ecosystem. Among them, Humidifi (WET) and zkPass (ZKP) remain largely unlisted on centralized exchanges. The remaining altcoins showed no significant price reactions after the news.

PLUME, HYPER, JUP Price Performance. Source: TradingViewIn addition, Korean exchange Bithumb announced two new KRW-traded listings: BOB (Build on Bitcoin) and OriginTrail (TRAC).

BOB, TRAC Price Performance. Source: TradingViewBOB is a protocol that combines ZK proofs and BTC staking to create native bridges to Ethereum and Bitcoin (BitVM). OriginTrail is an ecosystem building a trusted knowledge infrastructure for artificial intelligence. After the listing news, BOB gained 24% and TRAC rose more than 13%.

Liquidity Signals Turn Positive AgainThese developments came as the Coinbase Premium Index—an indicator measuring the price difference of Bitcoin between Coinbase and other exchanges, representing US investor demand—turned positive again after remaining negative for a full month.

Bitcoin Coinbase Premium Index. Source: CryptoQuant.The index stayed negative from November, indicating capital outflows from the US. The early-December reversal suggests that sentiment among both institutional and retail investors in the US is improving. This shift may support inflows not only into Bitcoin but also into other cryptocurrencies.

“Coinbase Bitcoin Premium Index just flipped positive again, showing fresh demand… US liquidity returning & the real move begins soon,” investor Money Ape commented.

At the same time, the stablecoin market recorded strong growth, reinforcing confidence in an overall recovery. According to Lookonchain, Tether minted an additional 1 billion USDT on Tron on December 3. This pushed the stablecoin market cap on Tron above $80.2 billion.

As a result, total stablecoin market capitalization began rising again in early December after declining throughout November. It now stands at more than $306.85 billion, according to DefiLlama.

Stablecoins Market Cap. Source: DefiLlamaLeon Waidmann, Head of Research at Onchain Foundation, expects stablecoin market capitalization to reach new all-time highs soon.

Coinbase and Bithumb’s addition of New Altcoins, combined with strengthening US investor demand and surging stablecoin inflows, may trigger an altcoin recovery in December. Some analysts even argue that the Fed ending quantitative tightening (QT) could ignite a multi-year altcoin rally similar to the 2019–2022 period.

Cube, a hybrid exchange that settles trades on-chain using secure multi-party computation, has listed Access Protocol (ACS), a content monetization platform built on Solana. The listing follows Cube's recent announcement of Isometric (ISO), an intent-based transaction network that aims to enable cross-chain trading without asset bridging.

At the Solana Breakpoint conference, Cube's CEO and co-founder Bartosz Lipinski outlined the vision behind Isometric. “When we started building Cube, we wanted everything to be an intent,” Lipinski stated.

“Everyone will be able to submit intents to the network and verify settlements on multiple chains using the decentralized MPC that we've built.”

He emphasized that the decentralized MPC integration layer allows users to utilize value across layer-one blockchains without diminishing it.

Isometric's platform token, ISO, will power governance, staking, and decentralized custody within the network. Cube has scheduled both the token and mainnet launch for the second quarter of 2025, aiming to streamline cross-chain interactions and enhance blockchain transaction efficiency.

In addition to technological advancements, Cube announced a partnership with the Argentine government this week. The collaboration intends to explore leveraging the Isometric network as a catalyst for Argentina's financial system, signaling a significant step in integrating blockchain technology with national financial infrastructures.

The timing of the ACS listing is notable as it highlights the growing use of content tokenization on the chain. Cube's custom rewards platform, Blocks, engages users through unique packages for listing traders and token holders. Participants in the ACS listing will be eligible for Blocks campaign rewards, potentially increasing user engagement and liquidity for the token.

Access Protocol has been expanding its ecosystem. The protocol is integrating Solana's new “Actions” and “Blinks” features to enhance the user experience by allowing crypto transactions through any website or application using shareable links. This integration will enable one-click purchases of staked ACS subscriptions for top crypto media platforms using Solana's native token, SOL.

CryptoSlate Daily Brief

Daily signals, zero noise.Market-moving headlines and context delivered every morning in one tight read.

5-minute digest 100k+ readers

Free. No spam. Unsubscribe any time.

You’re subscribed. Welcome aboard.

Founded by DeFi investing expert Mika Honkasalo and launched in February 2023, Access Protocol offers a blockchain-based subscription model for content creators and digital media publications. Users can access exclusive content by staking ACS tokens rather than through traditional subscriptions.

Cube's listing of ACS and developments with Isometric reflect a broader trend of innovation in cross-chain solutions and content monetization models within the blockchain industry. The partnership with Argentina emphasizes the growing interest of national governments in leveraging blockchain technology for financial system enhancements.

CryptoSlate Alpha is powered by Access Protocol, which gives exclusive access to enhanced crypto research and insights.

Table of contents

Access Protocol, a popular decentralized monetization and subscription platform, has collaborated with ANT.FUN, a Solana-based DEX. The partnership attempts to onboard additional consumers into the robust creator economy via smooth staking-based subscriptions. As Access Protocol’s X announcement points out, the collaboration establishes an integration between its Access Hub and ANT.FUN’s protocol. Hence, this development attempts to streamline the way consumers back creators while generating rewards.

Access Protocol and ANT.FUN Redefine Creator Monetization on Solana with Staking Subscriptions The collaboration between Access Protocol and ANT.FUN is poised to fortify the creator economy on the Solana network. So, the initiative underscores the wider trend of combining creator-centered monetization models and DeFi innovation within the Solana network. With this move, ANT.FUN consumers can directly access the staking subscription framework of Access Protocol. This permits fans to seamlessly stake tokens rather than paying conventional charges to get access to premium content.

Additionally, with this approach, the consumers can generate regular staking rewards along with backing favorite creators, baking content exposure incentive-led and sustainable. At present, the Access Hub hosts over 370 exclusive creators, providing a wide variety of content verticals and premium communities. A crucial element of this partnership is the impending Ant Wallet. The product will feature direct Access Hub access.

At the same time, the integration is anticipated to decrease friction for latest consumers by letting them delve into the broad range of creators. Moreover, they can also stake tokens as well as manage subscriptions via a single interface. Adding to this, the integration of creator economy instruments into the cutting-edge wallet experience fortifies consumer retention and increases engagement across the platforms.

Duo Also Plans NFT Giveaway to Increase Creator Engagement Simultaneously, Access Protocol and ANT.FUN are also hosting a joint community giveaway to boost participation and awareness. The campaign takes into account 5 Forever Subscription NFTs, while each of them accounts for $20M in value. The NFTs provide the users with lifetime creator subscription in addition to the present staking rewards. Ultimately, the collaboration focuses on providing more engagement, more value, and more access for users and creators alike within the DeFi landscape.

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.

GameFi Blockchain Saga Unveils Crypto Airdrop

The Solana Foundation has unveiled a series of new initiatives aimed at strengthening the security of decentralized finance (DeFi) platforms running on its network. These efforts come in the wake of a recent major cyberattack on the Drift Protocol, attributed to a North Korea-linked group, which resulted in the theft of $270 million. The incidents have highlighted the urgent need for more robust safeguards across the ecosystem.

Comprehensive audits with Stride and SIRNAt the heart of the Foundation’s efforts is the newly launched Stride program, which is managed by Asymmetric Research. Stride will subject DeFi protocols on Solana to assessments across eight core security domains, with the findings to be made publicly available. Alongside Stride, the Foundation has established the Solana Incident Response Network (SIRN)—a members-only group composed of security specialists designed for real-time crisis intervention. Together, these initiatives seek to increase transparency and provide rapid response capabilities across the Solana DeFi landscape.

The necessity for such measures became evident following the Drift attack, which exposed several security shortfalls. However, investigations have clarified that the breach did not directly compromise smart contracts or audited code. Instead, the attackers focused on human vulnerabilities, infiltrating the system through malicious software and social engineering tactics targeting project team members over a six-month period.

For protocols with more than $10 million in total value locked (TVL) that successfully meet the Stride assessment criteria, ongoing operational cybersecurity monitoring will be provided. The level of monitoring and support will be tailored based on the individual risk profiles of each protocol, reflecting both their asset size and security needs.

Formal verification and operational supportIn the case of protocols managing over $100 million in TVL, the Foundation will lend support for formal verification processes. This advanced method systematically checks all potential smart contract operations using mathematical models, with the aim of ensuring code correctness and reliability before deployment. Such rigorous verification provides added confidence in the underlying smart contracts that form the backbone of leading DeFi protocols.

The founding members of the Stride program include not only Asymmetric Research, but also security firms OtterSec, Neodyme, Squads, and ZeroShadow. The SIRN network, meanwhile, is open to participation from any project within the Solana ecosystem. Nevertheless, in terms of resource allocation, priority will be given to protocols with higher value locked to help mitigate the risk to the most critical infrastructure.

Despite the advanced nature of formal verification, experts caution that it would not have detected the recent attack attributed to North Korean hackers. The breach allowed attackers to access administrative privileges via compromised devices belonging to team members, enabling them to authorize malicious transactions. This type of infiltration typically falls outside the scope of traditional monitoring mechanisms.

On another front, SIRN is expected to significantly improve response times to future incidents. Blockchain security researcher ZachXBT emphasized that Circle Internet, the issuer of the USDC stablecoin, faced criticism for waiting over six hours before freezing more than $230 million in stolen assets following the Drift incident, suggesting the need for swifter action during emergencies.

The Solana Foundation highlighted that these new programs are not meant to shift primary security responsibilities away from protocol teams, who remain accountable for their own safeguards. To bolster these efforts, a suite of free security tools has been developed for Solana developers, assisting them in threat detection and conducting attack simulations to stay proactive in a rapidly evolving threat landscape.

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.

Solana (SOL), one of the largest cryptos in terms of market capitalization, has turned bullish in the past few hours. On the other hand, the blockchain’s network activity has been declining after increasing dramatically over the past several months. In the meantime, a new DEX is making headlines with its surge in adoption. Ergo, let’s take a closer look at what’s going on with this new DEX, GRVT.

Solana’s dropping network activity As per Artemis, a popular data analytics platform that provides insights into several blockchains’ network activity, Solana was witnessing a decline in its activity. This was evident from the decline in its daily active addresses in the seven-day time span. During the same time, the blockchain’s daily transactions also dipped—signaling less usage. Apart from that, things in the captured value front also didn’t look good as both Solana’s fees and revenue dropped.

GRVT is now in the limelight! While Solana’s network activity was declining, a newcomer, GRVT, has been making news. GRVT is the world’s first regulated DEX that operates as a self-custodial CEX. By using smart contracts to guarantee self-custody, scalability, and security, the company hopes to make it possible for anybody to purchase, sell, trade, and invest in financial items. In only a month since its mainnet alpha launch, the DEX has gained much traction. GRVT’s daily active traders (DAT) are among the highest for a DEX’s first 30 days, with recent numbers crossing 1,000—a major milestone. Additionally, they have onboarded 33,266 KYCed users to date—more than many DEXes achieve in their lifetime.

In 30 days, GRVT traded a total of $1.3 billion. The platform’s daily volume already surpasses many top DEXs in their first month. Hong Yea, co-founder and CEO of GRVT mentioned, “We’ve shipped over 6 new features including configurable leverage, cross-chain bridging, PnL tracking, and more. GRVT improves daily.”

To sum things up! While Solana faces declining activity, GRVT’s explosive growth and innovation highlight its potential to reshape the DEX landscape. With impressive achievements in as little as 30 days, GRVT is drawing interest from the cryptocurrency world. This points to a bright future for decentralized trading that is regulated. Meanwhile, it’s also worth noting that Solana bulls stepped up their game in the last 24 hours by pushing the token’s price up by 5%. At the time of writing, the token is trading at $237 with a market capitalization of over $115 billion.

XRP Bucks The Trend As US Retail Sales Push Crypto Outflows to $146 Million

Top Crypto News This Week: Kaito Airdrops, JD Vance at Bitcoin Conference, $5 Billion FTX Creditor Payouts, and More

XRP Dips 10% Despite US Crypto Reserve Inclusion

Pump.fun Users Lose Big: 60% of Traders Suffer Losses Ahead of PUMP Launch

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.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together

Recommended Reading

Related Topics

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.