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New Vulnerability Threatens Crypto Wallets: How Hackers Can Steal Your Assets

Now, users don’t need to download anything in order to play—they can play right in their browser. By allowing players to engage with game elements without incurring transaction fees, Chromia’s gasless interaction paradigm further improves accessibility. After multiple alpha seasons, the popular blockchain-based farming and builder game My Neighbor Alice has finally released Chapter One: A New Adventure, its first full public release. This milestone is a significant accomplishment for the My Neighbor Alice team and the Chromia blockchain, which offers the decentralized infrastructure enabling the game, since it makes the whole gaming experience available to players globally for the first time.

The playing experience has been significantly improved with the update. Now, users don’t need to download anything in order to play—they can play right in their browser. Additionally, a new mode enables players to start playing right away without linking a cryptocurrency wallet or holding tokens. In order to store progress or mint assets, wallets may be made at any point during gameplay.

By allowing players to engage with game elements without incurring transaction fees, Chromia’s gasless interaction paradigm further improves accessibility. Chromia’s relational architecture is used to store all of the game’s essential data on-chain, including player progress and world status. This structure surpasses the “asset-only” style typical of other Web3 games and lessens need on external services.

Steve Haßenpflug, VP of Games at My Neighbor Alice stated:

“This launch is more than just a game update. It is a proof point that Web3 can deliver the same seamless experience as Web2: no downloads, no wallets, just pure gameplay. With Chapter One, we are showcasing the future of gaming. Open, accessible, and built for the community.”

Henrik Hjelte, Co-Founder of Chromia, added:

“This launch is a major milestone, not only for My Neighbor Alice but for Chromia as a platform. It shows how our architecture can power complex, persistent virtual worlds while keeping the experience smooth and user-friendly.”

The ALICE token was deployed on the Chromia mainnet in conjunction with the game’s debut, allowing native token functioning right in the game. ALICE provides greater interaction with the in-game economy and unlocks more features, but it is not necessary to play.

Additionally, the debut comes after a partnership with Pudgy Penguins that grants NFT holders access to exclusive in-game features. The game’s cross-project appeal is further shown by the fully animated 3D companions that have been built for each of the 40,000 Pudgy NFTs. You may now play My Neighbor Alice: Chapter One at myneighboralice.com. Go to chromia.com to find out more about Chromia.

Built on Chromia’s Blockchain, My Neighbor Alice is a multiplayer builder game that provides a completely on-chain gameplay experience on a charming virtual island. Virtual assets (NFTs) may be owned and traded by participants via the integration of Blockchain technology. Players may purchase, sell, and trade these NFTs via the game’s marketplace, creating a vibrant, player-driven virtual economy. In order to promote a feeling of ownership and teamwork, players may participate in community activities, win incentives, and make money off of their creations.

A crypto enthusiast. Loves to write. Gives full dedication to every task assigned. Specializes in delivering on tight deadlines. An animal lover, especially dogs.

DeFi opportunities are live and ready to be explored on mainnet! This article will give you the info you need to get started.

Understanding Chromia’s Multi-Chain Structure

Unlike monolithic blockchains where all tokens and activity reside on a single chain, Chromia uses a multi-chain structure in which each dapp runs on its own dedicated blockchain. 

Because tokens can only be on one chain at a time, users must move them to the dapp chain where they want to use them. 

Chromia makes this process easy through Chromia Vault (our official wallet and dapp browser), which allows users to transfer assets instantly and for free between chains using the ‘Transfer’ tab. 

Throughout this article, you’ll see references to different chains such as Economy Chain, ColorPool DEX Chain, and UdonFi Finance Chain. These are individual chains on mainnet.

Onboarding to Mainnet 

Onboarding Using CHR

For most users, the easiest and most efficient way to get started is by onboarding with native CHR on Economy Chain. This can be done by bridging from Ethereum or Binance Chain, withdrawing directly from an exchange that supports Chromia Mainnet, or using a fiat on-ramp service like Transak. For full guides with visual aids, visit our Vault Knowledge Base, which includes five tutorials to help new users onboard successfully.

Onboarding Using USDC via ColorPool Bridge

A secondary method of getting assets onto mainnet is to bridge USDC from Binance Chain to ColorPool using ColorPool’s official bridge. Step by step instructions can be found in ColorPool’s documentation. 

Now that we’ve covered the basics, let’s look at three ways you can get involved today!

Stake Native CHRLocation: Economy Chain

https://vault.chromia.com/en/staking/

If you’ve onboarded using native CHR, your tokens arrive on the Economy Chain: the perfect starting point for staking. Staking is a great option for beginners or anyone who prefers a simple, hands-off way to earn a little extra while holding CHR.

Staking is fully integrated into Vault, making the process fast and user-friendly. You can stake your CHR, choose a provider to delegate to, and start earning with just a few clicks. When you stake your CHR, you’ll earn:

3% APY base rewards, plusAn additional “reward share” - a portion of the fees and additional rewards earned by the provider you delegate to.Some important things to note about staking:

There is a two-week holding period before you can withdraw your staked CHR. Stakers must request the withdrawal, wait two weeks, and then they can retrieve their tokens.Once your CHR is staked, it cannot be used elsewhere (for trading, dapps, transfers, etc.) until it is withdrawn from the staking contract.Staking on mainnet will also enable users to participate in governance once the upcoming Chromia Governance module is released. Planned for launch before the end of this year, the module will allow CHR stakers to propose and vote on new providers as well as grants. For more details, check out our recent blog post on the topic.

Trade and Provide LP on ColorPoolLocation: ColorPool DEX Chain

https://www.colorpool.xyz/

https://x.com/colorpool_xyz

Trade

ColorPool is the leading decentralized exchange (DEX) on Chromia, supporting USDC, CHR, COLOR, ALICE, and D tokens. Trading on ColorPool offers the fastest and easiest way to swap between all Chromia ecosystem tokens, entirely contained on Chromia mainnet.

Thanks to Chromia’s innovative economic model and ColorPool’s “Zero Gas Credit System”, users can make hundreds of trades and other actions per day without paying gas fees.

Earn by Providing Liquidity

For those looking to take it a step further, users can provide liquidity and participate in ColorPool’s farming campaigns, earning attractive APY rewards paid in COLOR tokens. These farming incentives are designed to promote deeper liquidity and long-term engagement within the Chromia ecosystem.

APR rates can reach as high as 60%+ for liquidity providers in the CHR/USDC pool. See the screenshot below for available farms. Please note that APR rates are variable and may fluctuate depending on the total liquidity and the number of participants in each pool.

To learn more about managing liquidity and getting started with farming, visit the Official ColorPool Docs. There, users can find instructions on adding liquidity, staking and unstaking, and harvesting rewards.

Lend and/or Borrow Assets on UdonFiLocation: UdonFi Finance Chain

https://udonfi.xyz

https://x.com/udonfi_chromia

UdonFi is Chromia’s leading borrowing and lending platform. 

Udon Finance functions through a system of decentralized liquidity pools that facilitate lending and borrowing activities. Liquidity providers deposit assets into these pools, creating a shared source of funds from which borrowers can draw. Interest rates within each pool are determined algorithmically and adjust dynamically based on market utilization and liquidity demand.

When users supply assets to a pool, they receive corresponding aTokens, which represent their share of the pool. These tokens automatically accrue interest over time, reflecting the yield generated from lending activity.

Users seeking to borrow must first provide collateral in the form of supported assets. The borrowing capacity is determined by parameters such as Loan-to-Value (LTV) ratio and Health Factor, which are designed to maintain protocol stability and reduce default risk.

Earn With the PreUdon Rewards

Ahead of the official launch of the Udon token, the platform is running an open-ended PreUdon Rewards Program. PreUdon tokens are designed to be held until the official token launch, at which time a migration event will enable a seamless and guaranteed conversion to the native Udon token.

To learn more about the PreUdon program, refer to the corresponding section in UdonFi’s Official Documentation.

See the screenshot below for available assets to supply and borrow. Please note that APR rates are variable and may fluctuate depending on the total liquidity and the number of participants.

Coming Soon: Liquid Staking

UdonFi is also developing a Liquid Staking program, which will expand the platform’s offerings and provide additional yield opportunities for users. Further details are available in the Liquid Staking section of their documentation.

For questions, updates, and community discussions, visit UdonFi’s Official Telegram Channel.

About Chromia

Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.Website | X | Telegram | Instagram | Youtube | Discord  |  Reddit  |  LinkedIn  |  Facebook |

User experience (UX) remains one of the biggest challenges facing Web3. While blockchain technology enables new possibilities, it often comes with usability hurdles that make it harder for everyday users to participate.

If you’ve ever used a dapp, you’ve likely encountered these pain points firsthand: setting up wallets, managing seed phrases, signing every transaction, and paying gas fees. Compared to the frictionless experiences of Web2 apps, Web3 can still feel complicated and intimidating.

At Chromia, we’re always exploring ways to make blockchain interactions more intuitive without sacrificing the security and ownership that make Web3 unique. One of our recent steps in this direction is the Chromia Passkey Demo, an experiment showing how web authentication can simplify account creation and transaction signing in dapps.

A Simpler Way to Web3

Passkeys are a modern, passwordless authentication standard supported by major platforms like Google, Apple, and Microsoft. Instead of remembering passwords or managing private keys, users can sign in and approve actions using built-in device security — like Windows Hello, Touch ID, or a security key.

Chromia’s Passkey integration allows users to create dapp subaccounts and sign blockchain transactions using these existing device credentials. Your biometric identity or linked account becomes your secure Web3 key, combining the ease of Web2 with the safety of blockchain technology.

The Passkey Demo

To demonstrate this concept, we built a simple testnet dapp called Passkey Demo that utilizes web authentication. While the app itself is simple, it highlights how seamless authentication and transaction signing can be. Here’s how it works: 

After entering a username and display name, the user selects “Register Passkey.” At this point, the browser prompts for biometric or device-based verification (such as Windows Hello, Google ID, etc.) Once confirmed, the credential is securely registered on Chromia.

With registration complete, the user can create a new “book” by entering a name and clicking “Create Book.” This triggers a fresh authentication request, ensuring that each blockchain action is verified in real time. There’s no credential caching, as every operation requires a live authentication through the passkey mechanism. The corresponding action is then executed on the blockchain, and users can review the event log to see all recorded transactions and their results.

Why This Matters

Passkey support could significantly enhance user onboarding and transaction signing for both existing Chromia dapps and new ecosystem projects. It lowers barriers to entry, improves accessibility, and maintains the core principles of decentralization and security.

In the long term, this approach can help Chromia move toward applications that are as easy and natural to use as any Web2 platform.

Try It Yourself

You can check out the Passkey Demo firsthand here:

https://passkey-demo-alpha.vercel.app/

You can also view the code here:

https://bitbucket.org/chromawallet/passkey-demo/

While this demo is just a starting point, it opens the door for developers to build dapps that combine ease of use with the transparency and control of blockchain.

About Chromia

Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.Website | X | Telegram | Instagram | Youtube | Discord  |  Reddit  |  LinkedIn  |  Facebook |

Chromia Vault has long been the gateway for users entering the Chromia mainnet, a place to view assets, explore dApps, and access essential features. Over the past few months, the team has focused on taking that experience to the next level. The result: a smoother, clearer, and more intuitive Vault built around one simple idea: your assets should be at the center of everything.

YouTube Video of Chromia's Latest Vault Update - December 2025

With a redesigned interface, cleaner navigation, and major upgrades across dApps, asset views, staking, transfers, and account management, the new Vault is easier to use than ever. Here is a section-by-section look at what’s new.

Dapps Tab

The updated dApps page makes it much easier to understand your presence across mainnet. Each tile represents a dApp or system chain, and each one can be expanded to show the assets you hold on that specific chain.

You can also use new quick action shortcuts to perform tasks from a single location. Whether you want to deposit tokens from another network or move assets between chains on mainnet, these options are now easier to find and faster to use.

Assets Tab

The redesigned Assets page is one of the most useful improvements in this update. It acts as a portfolio style view that shows all token balances across every dApp and system chain in one place.

This provides a clean overview of your entire mainnet footprint. There’s also a built-in transfer button beside each asset, making it straightforward to move tokens to whichever chain you need. For anyone active across multiple dApps, this page makes day to day management far simpler.

Staking

The native staking page has also received several important updates.

Dynamic Fee Sharing is now live, allowing providers to adjust how much of their rewards they share with delegates. This value appears in the “Reward” column and currently defaults to 10 percent unless a provider chooses to change it. This creates a healthier staking environment by encouraging providers to compete for delegators and helping balances distribute more evenly across the network.

The interface also displays an estimated APR that combines the three percent base reward with additional rewards based on each provider’s current share rate. These numbers are projections based on historical data, so actual results may vary, but the new UI makes it much easier to compare providers at a glance.

Get CHR

To make onboarding smoother, we have introduced a clearer guide that walks users through all available ways to acquire CHR. This includes fiat on ramps, centralized exchanges, decentralized exchanges, and compatible wallet software.

Whether someone is new to Chromia or looking to expand their activity, this page gathers every option in one accessible place.

Transfer, Deposit, and Withdraw

These three core actions have also been revamped around the asset centric model.

Transfer allows you to move assets already on mainnet from one chain to another. This is helpful when interacting with different dApps or system chains.

Deposit lets you bridge tokens from supported external networks into Chromia. Recent additions include Base, which now joins Ethereum and Binance Chain as supported networks. Base integration is already being used in practice, including the onboarding of EVAL Engine’s EVAL token, now active on mainnet and trading on ColorPool.

Withdraw performs the opposite action by sending tokens from Chromia back out to Ethereum, Binance, Base, and other supported chains.

With this redesign, each flow reacts to the asset you choose and presents only the relevant options, making the experience clearer and harder to misunderstand.

Account Creation and Management

Chromia’s architecture uses multiple chains for scalability and customization, which means users sometimes need accounts across different dApp chains. At launch, this added a few extra steps. Today, those steps are far easier to manage.

Vault now offers streamlined account creation, clear explanations of when and why an account is needed, and improved handling of fees and bridging. Most importantly, everything is presented in a way that guides the user through each decision rather than leaving them to guess what to do next.

The end result is a much smoother onboarding and account management experience, even for users interacting with multiple dApps.

The Evolution of Chromia Vault

This update represents a major improvement to the overall mainnet experience. From asset visibility, to cross chain actions, to staking and onboarding, every section of Vault has been refined to be clearer, more consistent, and more user friendly.

As the ecosystem grows, Vault will continue evolving. The team is already working on the next round of enhancements, and you can expect ongoing improvements that make Chromia more accessible for both new users and long time participants.

About Chromia

Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.Website | X | Telegram | Instagram | Youtube | Discord  |  Reddit  |  LinkedIn  |  Facebook 

2025 was a busy year for Chromia - full of global engagement, community meetups, industry summits, and new bridges built between builders, partners, and Web3 enthusiasts across continents. From North America to the Middle East, Europe to East Asia, the Chromia team brought energy, demos, and conversations to events that are shaping the future of blockchain technology.

Here’s a look back at where Chromia visited in 2025, presented in chronological order.

ETHDenver 2025Denver, Colorado, USA (February 27–March 2)

We kicked off the year at ETHDenver, one of the flagship Ethereum ecosystem gatherings in North America. Over four days, the Chromia team connected with developers, builders, and other ecosystem leaders, showing what is next for Chromia and engaging in conversations around relational blockchain architecture and real world use cases.

— Chromia | Power to the Public (@Chromia) March 1, 2025 https://x.com/Chromia/status/1895917388627132825

Token2049 DubaiDubai, UAE (April 30–May 1)

Next stop: the Middle East. At Token2049 Dubai, Chromia joined global Web3 innovators to explore new opportunities in DeFi, and cross-chain collaboration at one of the region’s premier crypto conferences.

Colleagues from Chromia and its partners shared perspectives on ecosystem growth and cross-chain collaboration.

— Chromia | Power to the Public (@Chromia) May 1, 2025 https://x.com/Chromia/status/1917923319120044514

— Yeou Jie (@YeouJie) April 30, 2025
https://x.com/YeouJie/status/1917491389048447323

Chromia China Tour: ShanghaiShanghai, China (May 24)

In 2025, Chromia teamed up with TinTinLand to organize a series of events in China called the Chromia China Tour. TinTinLand is a Web3 developer community and education platform focused on blockchain technologies in the APAC region.

The first stop on the Tour was Shanghai, with a focus on on-chain vector databases and AI agent tools. Shanghai has become a hub for tech culture and innovation, and the Chromia team was there to engage with developers, creatives, and ecosystem advocates.

— TinTinLand (@OurTinTinLand) May 14, 2025
https://x.com/OurTinTinLand/status/1922572383510290879

Nordic Blockchain Association ConferenceStockholm, Sweden (June 18–19)

Our journey then continued north to Stockholm, where Chromia participated in the Nordic Blockchain Association Conference. This event brought together several of Europe’s blockchain leaders to discuss everything from infrastructure to regulatory landscapes. Chromia’s presence underscored our commitment to engaging with European builders and steering the future of decentralized data platforms.

— ChromaWay (@ChromaWay) June 19, 2025 https://x.com/ChromaWay/status/1935688946807160993

EthCC 2025Cannes, France (June 30–July 3)

Summer saw Chromia in the scenic French Riviera for an event in Cannes, mixing networking with conversations around gaming, community, and innovation. Chromia joined the event alongside friends and partners from My Neighbor Alice and Pudgy Penguins, adding to the collaborative atmosphere.

The French Riviera sun and beachside energy was matched by excitement from Web3 communities coming together to share ideas and strengthen ties.

We had an amazing time with @MyNeighborAlice in Cannes for @EthCC at Pengu and Alice's Beach Fest! pic.twitter.com/mTwOkbpcX5

— Chromia | Power to the Public (@Chromia) July 4, 2025 https://x.com/Chromia/status/1941096967364583855

We can't wait to see you there @EthCC! @MyNeighborAlice @pudgypenguins @MVenturesLabs https://t.co/wb3rYWOa0a

— Chromia | Power to the Public (@Chromia) June 30, 2025 https://x.com/Chromia/status/1939711345596756227

— Pudgy Penguins (@pudgypenguins) June 24, 2025 https://x.com/pudgypenguins/status/1937579799624712399

Chromia China Tour: HangzhouHangzhou, China (July 12)

The next stop on the Chromia China Tour was Hangzhou. Another vibrant tech region, Hangzhou offered fertile ground for Chromia to engage with developers, discuss localized adoption, and collaborate with community builders.

Conversations covered Chromia’s modular Layer 1 architecture, on chain storage and real world applications, the developer experience with RELL, and project showcases.

— TinTinLand 中文 (@TinTinLand_ZH) July 14, 2025 https://x.com/TinTinLand_ZH/status/1944700454665113835

📢 @Chromia is coming to Hangzhou! 🇨🇳
Curious about real use cases in gaming, AI, and social dApps?

Join us on Saturday, July 12 for Chromia China Tour · Hangzhou Stop, and explore the latest tech, ecosystem updates, and insights from the core team!

🗓️ Date: July 12, 2025… pic.twitter.com/2njuYNmyMr

— TinTinLand (@OurTinTinLand) July 1, 2025 https://x.com/OurTinTinLand/status/1940034948871987250

Chromia Korea MeetupSeoul, South Korea (August 13)

One of 2025’s most exciting community events was the Chromia Korea Meetup in Seoul, where over 250 attendees came together to experience Chromia first hand. The highlight was a hands on demo of ChromBot, a decentralized AI companion built with EVAL Engine and Chromia.

The event was buzzing with energy, with demos, rewards, merch, and lively discussion about the future of physical AI devices and blockchain.

https://www.chrom.bot/en/blog/chromia-korea-meetup

Upbit D ConferenceSeoul, South Korea (September 9)

South Korea welcomed Chromia back for the Upbit D Conference, a major crypto industry event focusing on digital assets, blockchain tech, and on-the-ground innovation in Asia. Chromia joined builders and ecosystem partners to explore collaboration and growth opportunities in the APAC region.

— Chromia | Power to the Public (@Chromia) August 9, 2025 https://x.com/Chromia/status/1954049917229711697

— Yeou Jie (@YeouJie) September 9, 2025 https://x.com/YeouJie/status/1965325250276839810

Chromia China Tour: ChengduChengdu, China (November 1)

Wrapping up the Chromia China Tour, the team visited Chengdu to share insights on building AI systems that are verifiable, traceable, and trustworthy, highlighting real world applications and Chromia’s broader ecosystem strategy.

Talks covered Chromia’s vector database and relational design, showing how this approach enables efficient AI data retrieval and advanced agent use cases, and included a fireside discussion on the convergence of AI and Web3, focusing on infrastructure, data management, and governance.

🎉 Chromia China Tour · Chengdu Wrapped Up!

On November 1st, @Chromia X @OurTinTinLand brought the Chromia China Tour to Chengdu!

The core team delivered deep insights on making "AI Verifiable, Traceable & Trustworthy" through cutting-edge architecture, real-world applications,… pic.twitter.com/a4zKGI9IaI

— TinTinLand (@OurTinTinLand) November 3, 2025 https://x.com/OurTinTinLand/status/1985308474952356326?t=OpHpXL9tuOG7Ec1By3OYIw&s=19

Binance Blockchain WeekDubai, UAE (December 3-4

Closing out a busy year of travels, the team headed back to Dubai for Binance Blockchain Week. Chromia had a booth in the innovation hall where we met builders, partners, investors, and supporters from around the world.

The atmosphere, discussions, and connections made here set an optimistic tone for 2026.

🇦🇪 ✨ Thank you, Binance Blockchain Week Dubai! ✨🇦🇪

A huge thank you to everyone who stopped by the Chromia booth — we truly enjoyed meeting builders, partners, investors, creators, and community members from all over the world.

Your energy, curiosity, and support made the… pic.twitter.com/ueDrsdbJlw

— Chromia | Power to the Public (@Chromia) December 4, 2025 https://x.com/Chromia/status/1996552267495772292

— Yeou Jie (@YeouJie) December 3, 2025 https://x.com/YeouJie/status/1996163885695639582

📣 Chromia is heading to @binance Blockchain Week in Dubai! 🇦🇪✨

We’re excited to share that our team will be participating in Binance Blockchain Week, joining builders, innovators, and industry leaders from around the world right here in Dubai.

This is a great opportunity to… pic.twitter.com/v98QZw8Itk

— Chromia | Power to the Public (@Chromia) December 2, 2025 https://x.com/Chromia/status/1995900315304866044

From global meetups to local hackathons, from coast to coast and country to country - Chromia is listening and we look forward to seeing you all again soon!

Let’s build, explore, and connect in new places together.

About Chromia

Chromia is a Layer-1 relational blockchain platform that uses a modular framework to empower users and developers with dedicated dapp chains, customizable fee structures, and enhanced digital assets. By fundamentally changing how information is structured on the blockchain, Chromia provides natively queryable data indexed in real-time, challenging the status quo to deliver innovations that will streamline the end-user experience and facilitate new Web3 business models.

Website | X | Telegram | Instagram | YouTube | Discord  |  Reddit  |  LinkedIn  |  Facebook |

While Bitcoin hovers around $95,400, several gaming and social tokens like BitBoard (BB) and Clash of Lilliput (COL) are leading the pack with notable 24-hour increases.

BitBoard has surged 104% in the last 24 hours, trading at $0.006162 from a low of $0.002903. BB has shown a price pump of 760% over the past week and 4,200% growth in the last 30 days. See below.

Source: CoinGecko BitBoard describes itself as “a space for stars and fans that offers an online fandom service.” However, despite the price action, there haven’t been any notable announcements or developments from the project that would explain such price movements. The surge appears to be driven more by market speculation than fundamental developments.

Second on CoinGecko’s top crypto gainers list is Clash of Lilliput. The token jumped 64.3% in the past 24 hours from $0.2546 to $0.419 before falling to about $0.2874 at press time.

Unlike BitBoard, there is a clearer catalyst for COL’s price action.

Source: CoinGecko The gaming token supports an “LG game based on the scenario of a race of miniature people building a tribe to help their survival and prosperity.”

The recent price surge coincides with an announcement about expanded token utility within the game ecosystem.

https://twitter.com/LilliputGames/status/1918578428389032218

According to the team, users can now use COL to speed up upgrades, buy items, and trade pets & gear. They can also earn rewards based on their battle rankings.

This expansion of in-game token utility appears to be driving genuine user interest and demand.

TROLL climbed 52.3% over 24 hours, from $0.01996 to $0.03373.

Despite the impressive gains, TROLL appears to be a relatively new project with no clear developments or announcements that would explain the price surge.

It’s currently up 20.2% and trading at $0.03106.

Source: CoinGecko The fourth coin on the list is ArcBlock which has gained 40% in the last 24 hours, trading at $1.15 from $0.817 at last check.

ArcBlock’s price movement appears connected to a specific product announcement.

Source: CoinGecko The project recently unveiled ArcSphere which is described as “a different kind of browser” though specific details about its functionality and features were not provided.

While these smaller tokens post big gains, Bitcoin (BTC) has pulled back below $96,000. The overall crypto market cap has also dropped 0.9% from yesterday’s $3 trillion to $2.97 trillion as per CoinMarketCap data.

RockTree Capital, a leading crypto-native fund and merchant bank headquartered in Beijing, announces the launch of its immersive website, showcasing a futuristic film-noir concept: the Cyberpunk Crypto City.

The website’s cutting-edge interactive cityscape represents RockTree’s vision where Web3 has become pervasive, fusing technology, finance, and culture. The site, set in the future near the 11th halving of bitcoin, builds on the ideas of the cypherpunk movement, through advocating for the widespread use of decentralization and privacy-enhancing technologies as a route to self sovereignty and freedom for human beings everywhere. 

As an early-stage investor and bespoke accelerator in Asia for its portfolio companies, RockTree Capital has been instrumental in geometrically accelerating its investee projects’ go-to-market cycle. Through its ultra-localized strategies and grassroots community building initiatives, RockTree has empowered emerging founders and projects to thrive in both East and West markets.

Leveraging deep regional relationships with leading crypto institutions, capital collaborators, and Web3 partners, RockTree invests in and accelerates the trajectory of projects from Infrastructure, DeFi, Cross-chain, and the Bitcoin Ecosystem.

Founded by visionary investor Omer Ozden and headquartered in Beijing, China, RockTree Capital operates at the nexus of the East & West with a crypto native team that bridges the human, cultural, capital and media gap across these markets. RockTree embodies a truly grassroots approach that unites Eastern and Western crypto markets and benefits its portfolio investments, which include amongst others; dYdX, The Graph, Chainlink, Fantom, Pocket, Maple, Covalent, Axelar, Eclipse, and BEVM.

“RockTree focuses on the human aspects of Web3. In addition to unifying the collaboration of top people in Eastern and Western crypto markets, our core strength is identifying the human hallmarks of success for Founders and Team,” says Omer Ozden, Founder and Chairman of RockTree Capital.

“We utilize advanced behavioral neuroscience methods to determine Founders’ emotional intelligence, execution capabilities and integrity. We prioritize not only technological innovation, but also the individuals behind that innovation, their psychology and levels of consciousness. And we invite those projects into our trusted international ecosystem and methodology, so they can scale rapidly in foreign markets, instead of trying to figure it out organically through trial and error,” said Ozden. 

The Cyberpunk Crypto City website represents RockTree’s forward-looking vision decades in the future, where Web3 technology and digital assets penetrate all peoples’ daily lives, and decentralized finance becomes a pervasive consumer product, like soft drinks or chewing gum, allowing true democratization of finance. Visitors to the Cyberpunk Crypto City website will immerse themselves in a retro film-noir homage, with captivating visuals of a cybernetic metropolis of replicants, that is bilingual in English and Chinese, and powered by blockchain technology.

Experience the future of finance at RockTree Capital’s Cyberpunk Crypto City and join us in shaping the next chapter of Web3 innovation.

About RockTree Capital RockTree Capital is an early stage crypto-native fund and merchant bank based in Beijing, China. Our portfolio companies experience geometric scale in Asian markets through the RockTree Acceleration Program by combining our ultra-localized go-to-market strategies and grassroots long-term community building. RockTree invests into top-tier crypto projects and helps build Decacorns in the areas of Infrastructure, DeFi, Cross-chain and Bitcoin Ecosystem

Website | Twitter

16.06.2024 - 21:07

Update: 16.06.2024 - 21:07

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Crypto Trader Michaël van de Poppe Says Low-Cap Altcoin Primed To Rally, Updates Outlook on Bitcoin and Ethereum

Covalent (QCT), a modular data infrastructure for artificial intelligence (AI), has seen the price of its native token fluctuate sharply in the past 24 hours.

The price of QCT fell sharply on Thursday, crashing from $0.15 to $0.10. However, QCT has rebounded and is currently trading around $0.16, as the community looks to steady itself around the AI-related crypto project considered a major network development.

Crypto analyst Michael van de Poppe said on X that Covalent is poised to bounce back after the sharp price correction.

“$CQT is doing great in their ecosystem and they proposed a change for CQT to become CXT as the next step in their journey. Price has endured a massive correction in the past period, but I think this will change over the coming period,” he noted.

$CQT is doing great in their ecosystem and they proposed a change for CQT to become CXT as the next step in their journey.

Price has endured a massive correction in the past period, but I think this will change over the coming period. https://t.co/53OAP81EXF

— Michaël van de Poppe (@CryptoMichNL) July 11, 2024 Covalent migrating QCT to CXT Covalent recently announced a governance proposal to migrate the existing token CQT to a new token CXT. The team said in a blog post that the move marks the dawn of a new era for the platform.

The transition helps the modular data infrastructure network extend its ecosystem to encompass the growing AI and long-term data availability vision. Changing the ticker to CXT and providing for additional scope and improved liquidity are key to the transition, the project stated.

Currently, CQT fails to capture this vision, particularly in relation to a decentralized data infrastructure ecosystem.

The voting snapshot shows the proposal passed with 37 million QCT – the quorum needed was 10 million QCT. Covalent’s vote on the proposal started on July 9 and ended on July 11.

Token migration for holders, operators, and delegators is automated, with the ratio set at 1:1. Covalent announced a trading halt during the governance vote and migration, which received support from OKX, Gate.io, and Crypto.com exchanges.

Covalent recently secured $5 million in strategic financing from several venture capital firms, including RockTree Capital and CMCC Global. The blockchain firm said it would use these funds to expand its data infrastructure.

With MoonRekt, You Can “Play” Bitcoin Price Action

Table of contents

In a significant development for the cryptocurrency market, Toncoin (TON), Celo (CELO), Hashflow (HFT), JasmyCoin (JASMY), and Metis (METIS) have been officially listed on DWF Liquid Markets. From now onwards, traders can easily access these coins. These tokens are available in the following pairs for users TON/USDT, CELO/USDT, HFT/USDT, JASMY/USDT, and METIS/USDT. Earlier, Liquid Markets added $JOE, $LADYS, and $FLOKI as well.

DWF Markets Welcomes Revived TON, Inclusive Celo, and Liquid Hashflow Toncoin (TON) is an important a decentralized layer-1 blockchain. It was initially developed in 2018 by the encrypted messaging platform Telegram. Apart from the project’s initial neglect, it has been revived by the TON Foundation. It has been also rebranded from Telegram Open Network to The Open Network.  Additionally, it showcased a renewed focus on its development and potential.

Celo is another addition to the DWF Liquid Markets. It is a carbon-negative, permissionless blockchain with a plenty of ecosystem of global partners. This blockchain is actively supporting the creation of innovative Web3 decentralized applications (dapps). Moreover, it aims at fostering a more inclusive financial system accessible to all.

Hashflow offers traders deep liquidity across various leading blockchains. With access to approximately $8 billion in liquidity, Hashflow promises traders the best prices. It also facilitates seamless trading experiences for every token, both interchain and cross-chain.

JasmyCoin and Metis Enter Crypto Space, Addressing Scalability and Efficiency JasmyCoin (JASMY) emerges as a cryptocurrency project from Jasmy Corporation. It is a Tokyo-based Internet of Things (IoT) provider. Operating within the realm of the Internet of Things, JasmyCoin leverages both mechanical and digital components. In addition to this, JasmyCoin is equipped with unique identifiers to transmit data efficiently.

Lastly, Metis joins the lineup as an Ethereum Layer-2 scaling solution. It aims to address the blockchain problems by offering decentralization, security, and scalability at the same time. Additionally, Metis aims to tackle some of Ethereum’s most pressing challenges. These challenges include speed, cost, and scalability. As a result, it enhances the overall efficiency and functionality of the Ethereum network.

The addition of these five tokens to DWF Liquid Markets will expand the platform’s offerings. Moreover, it is going to provide traders with increased access to a plethora of innovative blockchain projects. The world of cryptocurrency market is continuously evolving. In this scenario, the availability of such tokens on established trading platforms is very necessary. The platforms like DWF Liquid Markets reflect the increasing interest of crypto worldwide.

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.

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.

However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Although next week lacks major unlocks, these three upcoming events are still worth noting.

Immutable (IMX) Unlock date: August 9 Number of tokens unlocked: 32.47 million IMX Current circulating supply: 1.54 billion IMX Immutable is a Layer-2 solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million during the IMX token sale on the CoinList platform in just one hour. In March 2022, it closed a $60 million investment round and secured an additional $200 million from investors, including ParaFi Capital, Declaration Partners, and Tencent Holdings.

On August 9, the circulating supply of IMX will increase by 32.47 million tokens. These newly unlocked tokens will be allocated to the development of the project and the broader Immutable ecosystem. The crypto community is discussing the IMX’s unimpressive performance, attributing it largely to the frequent unlocks.

“Look at the historical data. $IMX last bull market had a higher price but lower MC. Now it has a higher MC but the price is way less. This is due to supply unlocks,” one X user wrote.

Read more: Layer-2 Crypto Projects for 2024: The Top Picks

IMX Unlock. Source: token.unlocksXai (XAI) Unlock date: August 9 Number of tokens unlocked: 35.88 million XAI Current circulating supply: 519.82 million XAI Xai is the world’s first Layer 3 solution designed specifically for AAA gaming. Utilizing Arbitrum technology, Xai prioritizes simplicity and ease of use by removing the complexities of wallet management. This approach makes blockchain integration a seamless part of the gaming ecosystem.

On August 9, the project will unlock 35.88 million XAI tokens, distributing them among the team, investors, reserve, and ecosystem.

Read more: The 6 Best Cryptocurrency Powered Games in 2024

XAI Unlock. Source: token.unlocksEthena (ENA)  Unlock date: August 11 Number of tokens unlocked: 14.89 million ENA Current circulating supply: 1.80 billion ENA Ethena is a synthetic currency protocol built on Ethereum. It provides a native cryptocurrency solution independent of traditional banking, and also offers global users a dollar-denominated savings instrument called the ‘Internet Bond.’

The ENA token enables holders to vote on governance proposals. On August 11, the project will unlock almost 15 million ENA dedicated to ecosystem development.

Read more: What Is Ethena Protocol and its USDe Synthetic Dollar?

ENA Unlock. Source: token.unlocksOther next-week cliff unlocks include dYdX (DYDX), Hashflow (HFT), and Moonbeam (GLMR), with a total value exceeding $60 million. Although many consider token unlocks bearish, a well-planned schedule can strengthen a project’s long-term viability. Aligned with milestones and development progress, unlocks will motivate team members, boost community engagement, and promote ecosystem growth.

The cryptocurrency market is currently experiencing a stagnant phase, with most altcoins not moving in a clear direction. The market showed little reaction to the July personal consumption expenditures (PCE) data released yesterday. Particularly, the July inflation data indicated that the price increase continued to slow down in line with the Federal Reserve’s 2% target. This situation raises the possibility of interest rate cuts in September.

Despite the potential for interest rate cuts, risky assets like cryptocurrencies remain stagnant. Bitcoin (BTC) continues to consolidate below the $60,000 resistance level. While the current situation may offer an investment opportunity, there are cryptocurrencies that investors should avoid trading due to the potential for increased volatility in the coming week. The first of these is Immutable.

The cryptocurrency Immutable (IMX) has shown resistance recently and increased by about 8% last month despite overall market fluctuations. However, with an upcoming token unlock on September 6, 2024, 32.47 million IMX will be released into the market. These tokens represent 2.06% of the cryptocurrency’s market value and are worth approximately $47.23 million. Although technical indicators mostly signal bullish for IMX, the increased supply due to the unlock could change sentiment and trigger new volatility.

Be Cautious with HFT and SUIAltcoin Hashflow (HFT) is facing a similar situation. A token unlock is scheduled for September 7, 2024. 15.83 million HFT tokens will be released into the market. This release, representing 4.33% of the current market value, is worth approximately $2.27 million. Historically, tokens with significant unlocks like HFT often experience increased selling pressure. At the time of writing, Hashflow was trading at $0.14 and had dropped more than 23% in the last month.

The cryptocurrency Sui (SUI) is facing a token unlock on September 3, 2024. With the unlock, 83.88 million SUI will be released into the market. This release, representing 3.23% of the current market value, will be worth approximately $67.97 million. At the time of writing, SUI was trading at $0.81.

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.

Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices.

However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Here are three major unlocks to watch next week.

Taiko (TAIKO) Unlock date: September 5 Number of tokens unlocked: 12 million TAIKO Current circulating supply: 63.09 million TAIKO Taiko is a decentralized Layer-2 scaling solution for Ethereum, leveraging ZK-Rollup technology. The protocol operates in a permissionless manner, allowing community members to participate in network operations

On September 5, Taiko will unlock a substantial portion of its TAIKO tokens, representing 19% of the current circulating supply. The project will distribute the newly released tokens to participants in the Trailblazer program.

Read more: Layer-2 Crypto Projects for 2024: The Top Picks

TAIKO Unlock. Source: token.unlocksImmutable (IMX) Unlock date: September 6 Number of tokens unlocked: 32.47 million IMX Current circulating supply: 1.57 billion IMX Immutable is a Layer-2 solution for scaling NFTs on the Ethereum blockchain. In September 2021, the project raised $12.5 million during the IMX token sale on the CoinList platform in just one hour. In March 2022, it closed a $60 million investment round and secured an additional $200 million from investors, including ParaFi Capital, Declaration Partners, and Tencent Holdings.

On September 6, the circulating supply of IMX will increase by 32.47 million tokens. These newly unlocked coins will be allocated to the development of the project and the broader Immutable ecosystem. 

Read more: What Is Immutable?

IMX Unlock. Source: token.unlocksMode (MODE) Unlock date: September 6 Number of tokens unlocked: 500 million MODE Current circulating supply: 1.3 billion MODE Mode Network is a modular Layer-2 network focused on DeFi, built on Optimism’s Bedrock upgrade. The network features a unique contract revenue-sharing incentive at the protocol level, where both DApps and users that contribute to the Mode blockchain receive a portion of the network sequencer’s profits.

This current unlocking event involves 500 million tokens, nearly 40% of the circulating supply. Despite this, no additional unlocks are scheduled for more than six months. However, the community remains skeptical about this tokenomics design.

“For the coming week, there are 4 unlocks at more than 2% but we will especially have to watch $TAIKO which will unlock 19% of its supply on September 5 and $MODE on September 6 which will unlock 38.46% of its supply. Super tokenomics,” one X user commented.

Read more: Optimism vs. Arbitrum: Ethereum Layer-2 Rollups Compared

MODE Unlock. Source: token.unlocksOther next-week cliff unlocks include dYdX (DYDX), Liquity (LQTY), Hashflow (HFT), and Ethena (ENA), with a total value exceeding $77 million. Although many consider unlocks bearish, a well-planned schedule can strengthen a project’s long-term viability. Aligned with milestones and development progress, unlocks will motivate team members, boost community engagement, and promote ecosystem growth.

Hashflow (HFT) Leads DEX Tokens With Over 100% Surge — What’s Fueling the Rally?

PANews reported on May 22nd that, according to an official announcement, Binance will add a watchlist label to the following tokens on May 22nd, 2026, based on recent reviews: Alchemix (ALCX), Cookie DAO (COOKIE), DODO (DODO), Epic Chain (EPIC), Heima (HEI), Hashflow (HFT), Storj (STORJ), Synapse (SYN), and Alien Worlds (TLM). Watchlist-labeled tokens may have higher volatility and risk compared to other listed tokens, and Binance will closely monitor and continuously review them. Trading these watchlist-labeled tokens carries risk; these tokens may no longer meet listing standards and could be delisted.

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In a research report released on July 18, 2024, Thor Hartvigsen, a crypto researcher, strongly cautioned against the investment strategy of purchasing high-beta altcoins within the Ethereum ecosystem as a leveraged tactic, particularly with the forthcoming launch of the spot Ethereum ETFs in the United States.

Hartvigsen’s analysis titled “ETH Beta – a Recipe for Disaster?” provides an analysis of whether buying ETH-correlated altcoins, commonly referred to as ‘ETH betas,’ constitutes a good investment strategy. These assets, including tokens like OP, ARB, MANTA, MNT, METIS, GNO, CANTO, IMX, STRK (all L2’s), MKR, AAVE, SNX, FXS, LDO, PENDLE, ENS, LINK (all DeFi) PEPE, DOGE (all memes), SOL, AVAX, BNB and TON (alternative L1’s) are traditionally viewed as offering leveraged exposure to movements in Ethereum’s price, assuming a higher volatility relative to Ethereum itself.

The report dissects several critical areas: price performance comparison between these altcoins and Ethereum, their correlation and beta coefficients relative to Ethereum, and their risk-adjusted returns measured by the Sharpe ratio. The researcher highlights the inherent risks and inefficiencies in banking on these altcoins for enhanced Ethereum exposure.

Why Buying ‘Ethereum Beta’ Altcoins Is Generally A Bad Idea Discussing price performance, Hartvigsen points out, “The TOTAL3 (altcoin market cap) against the ETH market cap is at around 1.48. Since 2020, this chart has only been this low on a few rare occasions, signaling the outperformance of ETH against most alts.” This historical context sets a grim precedent for those hoping for altcoin outperformance concurrent with Ethereum’s growth. The researcher elaborates that despite periodic recoveries at these levels, the overarching trend has been one of decline—a troubling signal for altcoin investors.

“Notably, not a single L2 token has outperformed ETH YTD, with the best performing token, GNO, up 34%, whereas ETH has seen a 44% gain. Worst performers include MANTA, STRK, and CANTO, all down more than 60% this year,” Hartvigsen stated. With regard to the top alternative L1’s, AVAX is the only one down on the year vs ETH. “Of the 8 DeFi tokens in this basket, 3 have outperformed ETH, namely PENDLE (+254%), ENS (+163%) and MKR (+78%). The remaining 5 are all down on the year with FXS as the worst performer down 73%,” the researcher added.

Meanwhile, memecoins have been the best bet this year so far. “This can also be seen in the performance of the largest Ethereum-native memecoins. PEPE is the largest gainer of the sample, up +708% while SHIB is up 74% and DOGE 31%,” according to Hartvigsen.

The correlation section of the report digs deeper into the relationship these altcoins have with Ethereum. “The sample of altcoins has not been chosen at random but consists of tokens usually assumed to be correlated with the performance of ETH,” Hartvigsen explains.

He further notes that “Correlation between ETH and ETH is obviously perfect and therefore is 100%. The alts most correlated with ETH are GNO, SNX, METIS, AAVE, and ARB.” However, despite some tokens showing a decent correlation with Ethereum, the researcher cautions that these do not necessarily guarantee similar performance outcomes, especially in this crypto cycle.

Correlation to ETH | Source: X @ThorHartvigsen In terms of beta, which measures the volatility of an asset compared to the market, the findings are telling. “From this analysis, it’s clear that only a few alts have a high beta coefficient in relation to ETH, namely PEPE, METIS, ENS, and PENDLE,” Hartvigsen states. This suggests that while certain altcoins exhibit higher volatility and thus potential for greater returns relative to Ethereum, they also carry a proportionately higher risk.

Altcoin beta relative to ETH | Source: X @ThorHartvigsen The calculation of the Sharpe ratio, which provides a measure of risk-adjusted return, brings another dimension to the analysis. Hartvigsen remarks, “The Sharpe ratio calculations underscore the volatility-adjusted returns of these altcoins, which have varied significantly. This is critical as investors often overlook the increased risk these ‘ETH beta’ assets carry.”

Wrapping up his findings, Hartvigsen offers a clear verdict: “Buying these altcoins as a way to get leveraged exposure to Ethereum is, in my opinion, a foolish game as you’re taking on a lot of additional risk you might not be aware of. If you’re looking for leveraged ETH exposure, simply putting on a 2x ETH long on e.g., Aave is more sensible.” He emphasizes that such a strategy ensures a 100% correlation and a beta value of 2, without the unnecessary complications.

At press time, ETH traded at $3,439.

ETH rises above the 0.618 Fib, 1-week chart | Source: ETHUSD on TradingView.com Featured image created with DALL·E, chart from TradingView.com

CANTO Price Surges by 13.5% as Developers Promise Network Outage Fix

Canto, built on the Cosmos blockchain, experienced an outage that halted the chain’s operation. The stoppage occurred after its Callisto upgrade on Saturday.

On August 11, Canto developers announced on their official X page that the chain had a consensus issue, which affected its operation. They calmed the situation by announcing that an upgrade to address the issue would be carried out on Monday, August 12 at 12:00 UTC.

The developers, in response to the fear, uncertainty, and doubt that might have arisen because of the operational stoppage, assured their users that their funds were safe and would be accessible for user operations as soon as the chain resumed.

Canto Price Action Remains Positive Short-Term, Sees Double-Digit Increase The price of the CANTO token fell on Sunday by 11%, following the news; before that, it had been trading sideways since Tuesday, August 6. However, it has risen more than 30% today, which could be a positive sentiment toward the assurance about fund security and the upgrade plan by Canto developers.

Photo: TradingView

Despite the ongoing recovery and price surge today, Canto remains in a strong downtrend when the price action is observed from a broader perspective. Three different price action metrics indicate that the current bullish move may only be a retracement (corrective move) rather than a total trend change. The price is still below the 50-day and 200-day simple moving averages, which could potentially serve as resistance to price growth in the medium term.

In addition, the price is trading under a descending triangle channel, which has been both support and resistance since March. The consolidation experienced within the past few days has been at the base of the pattern.

We could see a bounce to the top of the channel within the next few days before the downward move continues. However, a breakout above the top of a descending triangle pattern will be interpreted as a super bullish signal, which could propel Canto’s price to heights not seen in the past few weeks and months.

Canto Developers Seem to Be Handling It Well The Canto blockchain outage is not the first in the crypto ecosystem. These blockchain breakdowns also have various effects on the affected community and can be caused by software upgrades, just like in the case of Canto, hardware failure, cyberattacks, or venom governance issues. The effect can lead to delayed transactions or a total halt.

For example, Stacks nodes had around 9 hours of disruption, which affected the functionality of applications that depend on its blockchain in June. Following this, it dipped by close to 50% in just 3 weeks.

The aftermath of these outages has been largely dependent on how the developers managed them. With the bullish move (+30% spike today) that Canto is experiencing, it could be said that the developers and community are handling the situation well.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Altcoin News, Cryptocurrency News, News

Temitope is a writer with more than four years of experience writing across various niches. He has a special interest in the fintech and blockchain spaces and enjoy writing articles in those areas. He holds bachelor's and master's degrees in linguistics. When not writing, he trades forex and plays video games. 

Temitope Olatunji on X

CANTO was outperforming the broader market at press time. The recent outage on the Canto blockchain sparked concerns. CANTO was up 40% despite a series of outages that have rocked the network in the last few days. The chain went down on Sunday, the 11th of August, but developers later deployed a fix that brought it back online for around 90 minutes before halting again.

Per Canto Explorer, the last block production happened on 12th August at 14:02 UTC. The developers attributed the outage to “unforeseen secondary effects” caused by a recent network upgrade.

The team announced that block production will resume on 13th August once a new patch is deployed.

While such network outages tend to hurt prices, CANTO is witnessing a major rebound. The token is one of the top performers in the market in the last 24 hours amid rising interest and high volumes

What’s driving the rally?  CANTO was trading at $0.064 at the time of writing after registering an over 40% gain. Data from CoinMarketCap showed that trading volumes have increased by 87%, likely driven by high buying pressure.

The Relative Strength Index (RSI) line was tipping north, showing a rise in buying momentum as the market becomes more bullish. The RSI crossing above the signal line further portrayed a buying signal.

The Chaikin Money Flow (CMF) has been making higher lows despite being in negative territory. This indicates that buying pressure is beginning to outweigh the selling pressure. However, buyers need to provide more support to sustain the uptrend.

Source: Tradingview The formation of the falling wedge pattern further suggests the continuation of the uptrend as prices recover from the recent pullback that saw the price plunge to $0.036 on August 12.

If the price breaks out above the upper trendline of the falling wedge, CANTO will target the 1 Fib level ($0.12). Conversely, if the uptrend fails, the token will likely drop to the 0.236 Fib level ($0.0116).

Community raises concerns Helius Labs CEO, Mert Mumtaz, has called out the Canto network team over the lack of community engagement.

“[I don’t care] if you go down but you have a duty to the people holding funds on your chain to keep them informed,” he stated.

Analyst Marty Party on X also noted that the network has been witnessing a slump in on-chain activity, posing a significant challenge to its future growth.

Data from DeFiLlama shows that the network’s Total Value Locked (TVL) has dropped from over $200 million in March last year to $14 million. The declining TVL points towards reduced demand and confidence in the project.

Source: DeFiLlama

CANTO Tops Daily Gainers Amid Market Momentum

KEY TAKEAWAYS

CANTO trades at approximately $0.013 with a market capitalization of nearly $4 million, representing a 99% decline from its all-time high of $0.77 reached shortly after launch. The Canto blockchain operates as a Layer 1 EVM-compatible chain offering decentralized exchange, lending, and stablecoin tools as Free Public Infrastructure with zero protocol-level rent extraction. Circulating supply stands at 608 million tokens against a total supply of one billion, and daily trading volume recently reached $200,000, a 13% increase signaling renewed but modest interest. Price predictions diverge sharply: DigitalCoinPrice projects $0.0313 by year-end 2026, Bitget models show $0.01078 by September 2026, while CoinLore’s outlier model suggests $1.83 over the same horizon. Institutional interest in the distinct Canton Network, an enterprise blockchain backed by DTCC and Goldman Sachs, should not be confused with the separate Canto Layer 1 DeFi chain despite similar naming. Small-cap Layer 1 tokens present a valuation puzzle that standard crypto analysis struggles to solve. CANTO, the native token of the Canto blockchain, trades at roughly $0.013 with a fully diluted valuation near $6.8 million, according to CryptoTechGuide’s analysis. That places it outside the top 3,000 cryptocurrencies by market capitalization. 

Yet the chain’s architecture is unusual: it delivers core DeFi primitives, including a decentralized exchange, a lending market, and a decentralized stablecoin as public goods, charging no protocol fees, according to Canto’s official documentation. 

This article examines whether CANTO’s free infrastructure model can attract sufficient development according to activity and capital to justify a recovery from its 99% drawdown, and why the institutional blockchain narrative surrounding the separately named Canton Network does not directly apply.

How Canto’s Free Public Infrastructure Model Differs from Competitors Most Layer 1 blockchains generate revenue by extracting fees from DeFi applications built on top of them. Canto inverts this model. Its core DEX, lending protocol, and NOTE stablecoin operate as Free Public Infrastructure, meaning the protocol itself does not charge rent on these services, according to Tracxn’s company profile.

Co-founders Arijit Pingle and T K Kwon designed the chain to eliminate the value extraction that characterizes most DeFi ecosystems.

Original analysis: this zero-rent model creates a paradox for token valuation. Traditional DeFi tokens derive value from protocol revenue, governance power over fee switches, or staking yields funded by inflation. CANTO strips away the first two and relies on validator staking and network usage fees alone. 

That makes CANTO closer to a pure infrastructure bet than a cash-flow asset, which partly explains why its market cap has compressed to under $5 million even as the chain continues to operate. The comparison that matters is not to Ethereum or Solana but to public utilities: essential, underpriced, and difficult to monetize.

The chain’s EVM compatibility gives it a technical advantage over non-compatible alternatives, allowing developers to deploy existing Solidity code without modification. The RSI sits near 31, placing CANTO in neutral territory that historically favors buyers over extreme oversold conditions, according to CryptoTechGuide data.

Why Canton Network Is Not the Same as Canto A common source of confusion in institutional crypto circles involves the Canton Network, an enterprise blockchain backed by DTCC, Goldman Sachs, BNP Paribas, and Bank of America. Canton processes more than one million transactions daily and settles roughly $9 trillion in monthly volume, according to BlockMedia reporting from OFF 2026. 

Thomas Chou, head of Asia-Pacific growth at the Canton Foundation, stated at the On-chain Finance Forum in Seoul on May 15 that institutional investors have shifted from asking what blockchain is to discussing how to deploy it in practice.

Tharimmune, Inc. rebranded to Canton Strategic Holdings on February 18, 2026, trading under the ticker CNTN on NASDAQ, and secured a $55 million registered offering to support the Canton Network’s validator infrastructure, according to AInvest reporting. 

This institutional adoption story belongs to the Canton Network, which is architecturally distinct from Canto’s Layer 1 DeFi chain. Investors are confusing the two, misallocating capital based on headlines that apply to a different project.

Price Predictions and Technical Outlook Forecast models diverge dramatically on CANTO’s trajectory. Bitget projects a price of $0.01078 by September 2026, representing a modest 2.12% ROI from current levels, according to Bitget’s prediction page.

DigitalCoinPrice is more optimistic, projecting that CANTO could reach $0.0346 by year-end 2026, according to DigitalCoinPrice. CoinLore’s algorithmic model stands as an extreme outlier at $1.83, which would represent a 180,000% increase and appears disconnected from current on-chain fundamentals.

The wide variance in predictions reflects the inherent difficulty of modeling micro-cap tokens. At a $4 million market cap, a single whale transaction can move CANTO’s price by double digits. Daily trading volume of $125,000 to $200,000 provides minimal liquidity for institutional-sized positions. 

The 50-day simple moving average at $0.0041 and the 200-day SMA at $0.0063 both sit below the current price, suggesting a tentative recovery from multi-month lows. But 33% monthly volatility demands disciplined position sizing.

Regulatory Implications Canto’s Free Public Infrastructure model may offer a regulatory advantage. Because the core protocols do not extract fees, they resemble public goods more than securities-generating platforms. The SEC’s ongoing deliberation over which DeFi protocols constitute securities could spare fee-free infrastructure from enforcement action.

However, no specific regulatory guidance addresses this distinction, and the broader institutional DeFi regulatory landscape remains in flux under the GENIUS Act framework.

What Could Drive CANTO Higher or Lower The bull case requires development according to adoption on Canto’s EVM infrastructure, measurable growth in total value locked, and a post-halving alt-season that lifts micro-cap Layer 1 tokens.

The bear case is simpler: continued low volume, absent development, and capital consolidation into larger chains like Ethereum and Solana, which dominate institutional attention according to FinanceFeeds’ crypto index analysis. No scheduled catalysts are on the immediate horizon, making CANTO a thesis-dependent position rather than an event-driven trade.

FAQs What is CANTO’s current price and market cap?
CANTO trades at approximately $0.013 with a market capitalization of nearly $4 million and a circulating supply of 608 million tokens as of June 2026.

What makes Canto different from other Layer 1 blockchains?
Canto provides its core DeFi tools, including a DEX, lending protocol, and stablecoin as Free Public Infrastructure, charging no protocol-level fees on usage.

Is Canton Network the same as Canto blockchain?
No, Canton Network is a separate enterprise blockchain backed by DTCC and Goldman Sachs for institutional asset tokenization, architecturally distinct from the Canto DeFi chain.

What is the highest price prediction for CANTO in 2026?
CoinLore’s algorithmic model projects $1.83, an extreme outlier, while more conservative models from Bitget project approximately $0.01078 by September 2026.

How much has CANTO fallen from its all-time high?
CANTO has declined by approximately 99% from its all-time high of $0.77, reached shortly after the chain launched during the Layer 1 narrative boom.

What is CANTO’s daily trading volume?
Recent daily trading volume ranges between $125,000 and $200,000, which is insufficient for large institutional positions but represents a 13% recent increase in activity.

Does CANTO have upcoming upgrade catalysts?
No major scheduled upgrades or partnerships have been publicly announced for the Canto chain, making the token a thesis-dependent long-term position rather than an event-driven one.

References Canto.io: Official Canto Layer 1 Blockchain Documentation Tracxn:  Canto Company Profile, Team, Funding and Competitors BlockMedia/BloomingBit: Canton Network Says Institutional Blockchain Adoption Has Begun, OFF 2026 CryptoTechGuide: CANTO Price Prediction 2026: Layer 1 Potential Analysis

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