Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
15 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
15 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
15 minutes ago
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)
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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.
15 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%.
TL;DR Sui reportedly handled around $65 billion in stablecoin transfers in a five-day stretch after its gasless stablecoin update. The update reduces friction by allowing supported stablecoin transfers without requiring users to hold SUI for gas. The headline number is large, but zero-fee systems can attract bots, arbitrage loops, and repeated high-velocity transfers. The market takeaway is less about instant retail adoption and more about whether Sui can turn throughput into sticky liquidity. Sui has become the latest layer-1 network to post a headline-grabbing stablecoin activity figure after a protocol-level fee change removed a common source of friction for users. According to the June 16 evening source packet, the network processed roughly $65 billion in stablecoin transfers in the five-day period following June 10, after Mysten Labs enabled gasless transfer operations for supported stablecoins in May.
The supported assets listed in the handoff include USDC, USDsui, suiUSDe, USDY, FDUSD, AUSD, and USDB. The simple idea behind the update is that stablecoin transfers should not require a user to first hold the network’s native token just to pay gas. For wallets, payments, and low-margin settlement use cases, that matters. A user or application can move a stablecoin directly without first solving the separate “where do I get gas?” problem.
Gasless Transfers Give Sui A Cleaner Stablecoin Pitch The pitch is easy to understand. Stablecoins are most useful when they behave like money, and money becomes less useful when every transfer requires a separate fee asset. By removing that fee requirement for selected stablecoin transfers, Sui is trying to make the network feel closer to a payments rail than a trading-only chain.
That is why the $65 billion figure is worth watching even if it should not be treated as a pure adoption number. High transfer volume can show capacity and demand for cheap movement, but it can also be inflated by automated strategies. Zero-fee transfers are especially attractive to arbitrage bots, market makers, and high-frequency programs that can move assets many times without the normal cost filter.
The Important Caveat For Traders The risk is that the market reads the volume as evidence of a sudden retail wave. That would be too generous. The better interpretation is that Sui has created conditions where stablecoin movement can scale quickly, and now the question is whether that activity converts into deeper liquidity, more applications, and durable user demand.
For SUI traders, the setup is still useful. Stablecoin velocity can become a narrative driver when markets are looking for layer-1 ecosystems with real transaction activity. But the useful test from here is not just the next five-day volume number. It is whether balances, application usage, and settlement demand remain elevated once the first burst of gasless activity is behind the network.
What To Watch Next The next useful signal will be whether the activity shows up in more than raw transfer count. Traders should watch stablecoin balances, application-level demand, bridge flows, and whether Sui-based DeFi protocols see deeper liquidity. If the network keeps the transfer numbers high while balances and app usage also rise, the gasless update becomes a stronger adoption story. If the volume fades or remains concentrated in repeated transfers between the same actors, the market may treat it as a technical throughput headline rather than a durable growth signal.
This article was written by the News Desk and edited by Samuel Rae.
$65 Billion in Fee-Free Volume@SuiNetwork has processed nearly $65 billion in stablecoin transactions since introducing gasless transfers, according to blockchain security firm CertiK, which reported the figure from activity recorded since June 10. The feature, announced by Mysten Labs in May, is a protocol-level upgrade that eliminates the need for users to hold or spend the native $SUI token to pay transaction fees when transferring stablecoins on-chain.
Supported stablecoins include USDsui, suiUSDe, AUSD, FDUSD, USDB, USDC, and USDY, with the feature designed to remove one of the largest friction points in stablecoin adoption: the requirement to hold a separate token to complete transactions.
The initiative was primarily aimed at simplifying business-to-business payments and microtransactions, though its impact has extended to retail users seeking a more streamlined payment experience. CertiK also noted that the network has recorded more than $2.27 trillion in cumulative stablecoin volume since early 2024.
Targeting SWIFT and Traditional Settlement RailsMysten Labs co-founder and CPO Adeniyi Abiodun (@EmanAbio) has been direct about the network's ambitions. In a recent interview, he said Sui's goal is to replace SWIFT and traditional rails by offering high scalability and privacy as key advantages.
Abiodun described the protocol update as removing overhead that blocks adoption, arguing that gas obligations force service providers to hold reserves, build payment logic, and monitor separate balances just to move stablecoins. Instead of charging transaction fees, Mysten Labs plans to generate revenue through treasury yields on stablecoin reserves and from sophisticated smart contract activities.
Sui is also testing private transactions on its devnet, with a proposal that offers controlled visibility for compliance and auditability while keeping transfer amounts and balances confidential. The combination of fee-free stablecoin transfers and planned privacy enhancements reflects Sui's effort to attract payment providers, enterprises, and retail users seeking blockchain-based alternatives to conventional payment rails.
Sources:
Sui Official Blog: Gasless Stablecoin Transfers Launch
Bitcoin.com: Sui Blockchain Registers $65 Billion in Stablecoin Volume
CoinTrust: Sui's Gasless Stablecoin Push Drives Massive Transaction Growth
ChainTrust is bringing its real-time AML screening and risk intelligence tools to Sui Network, marking the Layer 1 blockchain’s latest move to bolster its compliance infrastructure. The integration pairs Sui’s high-throughput architecture with ChainTrust’s AI-driven monitoring capabilities, a combination designed to catch illicit activity before it metastasizes across the network.
ChainTrust Labs isn’t a household name, but its pedigree is hard to ignore. The company’s leadership team includes former Alipay executives with over 20 years of experience in AI and risk modeling. The firm’s product suite spans real-time address screening, transaction monitoring, and risk scoring, all powered by machine learning models trained on blockchain-specific data. ChainTrust currently serves more than 35 blockchains and claims a database covering over 1 billion digital assets.
By integrating these tools directly into Sui’s ecosystem, developers and protocols building on the network gain access to compliance screening without having to source and integrate third-party AML solutions independently.
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Sui’s growing compliance playbook This isn’t Sui’s first compliance-focused partnership. In January 2025, the Sui Foundation announced a collaboration with Chainalysis, the blockchain analytics giant, to enhance on-chain compliance and security. That partnership focused on tracking illicit activities across the network, with Chainalysis expanding its tracking capabilities for SUI tokens and other fungible assets on the chain.
The Chainalysis deal was primarily about surveillance and forensics: seeing what happened and tracing where funds went. ChainTrust’s integration appears oriented more toward prevention, screening transactions and addresses in real time before problems escalate.
Sui, developed by Mysten Labs, has positioned itself as a scalability-first Layer 1 with ambitions to attract institutional-grade applications.
Why AI-driven AML is becoming the standard Traditional AML systems work on predefined rules: flag transactions above a certain threshold, block addresses on a sanctions list. These approaches catch the obvious stuff but miss the creative stuff. AI models can detect anomalous patterns, cluster related wallets, and score risk dynamically based on behavioral signals that no human-written ruleset would capture.
ChainTrust’s Alipay heritage is particularly relevant here. Alipay processes billions of transactions and has spent years refining AI models for fraud detection in a high-volume, adversarial environment.
The risk to watch is execution. Integrating real-time screening without introducing latency or false positives that degrade the user experience is genuinely difficult. How ChainTrust’s models perform under Sui’s transaction throughput will be the real test.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
In a strategic move to spearhead the accessibility of tokenized gold products within the DeFi landscape, Creek Finance, a decentralized RWAfi protocol, today announced a crucial integration with Sui Network, a Layer-1 blockchain network. This partnership enabled Creek Finance to launch tokenized gold products (powered by its native XAUm token) on the SUI Network to respond to rising demand, signaling growing investor confidence in such blockchain-based real-world exposures.
Creek Finance is a decentralized RWAfi (real-world finance) protocol that has expertise in transforming physical gold into tradable digital assets. Once tokenized, these assets are integrated into DeFi primitives, including lending, staking derivatives, and yield products for user empowerment.
Creek introduces a new way to unlock the financial utility of tokenized gold on @SuiNetwork.
By staking XAUm from @matrixdock, users enter Creek’s Value Separation model, where gold-backed value is split into two distinct assets:
GY — designed for volatility exposure, built-in… pic.twitter.com/YTCNIQx4kO
— Creek Finance (@creekfinance) June 17, 2026 Creek Finance Connects RWAfi Protocol with SUI Network The collaboration announced above enabled Creek Finance to debut its RWAfi protocol on Sui’s blockchain network. With the integration, Creek Finance introduced a variety of on-chain offerings, such as lending, yield farming, staking, and derivatives, all powered by its gold-pegged token XAUm on SUI’s DeFi ecosystem. Sui, a layer-1 blockchain platform, is recognized for its high speed, low transaction fees, and rapid scalability for DApps (decentralized applications). Its blockchain network powers a huge, fast, and interoperable DeFi infrastructure with unified liquidity and low-latency execution, with global Web3 builders and crypto users taking advantage of its low fees, scalability, and high processing capabilities.
With the RWAfi protocol rollout on Sui, global institutional clients and even retail customers on Sui’s DeFi ecosystem now access Creek’s XAUm assets, using these tokenized gold products to generate on-chain yields without having to sell their gold holdings. The launch allows Sui customers to borrow and swap XAUm, and earn interest using the tokenized gold as collateral. Using this approach, Creek Finance creates a gateway – a new yield-generation layer – for tokenized gold accessible on Sui’s DeFi ecosystem, advancing the utility of real-world gold, redefining how global investors gain exposure to one of the world’s oldest stores of value through tokenized assets.
Bridging the Gap as Gold RWA Meets DeFi This partnership underscores a vital milestone in the journey towards a more enriching and interlinked DeFi space. Creek Finance and Sui have combined their respective expertise, bringing tokenized gold to the Layer-1 blockchain known for high-performance consumer applications, and, as a result, introducing innovative, rewarding tokenized products associated with physical gold on DeFi.
With its RWAfi protocol’s introduction on the high-performance blockchain, Creek Finance allows yield generation, borrowing, lending, and asset trading against tokenized gold, expanding applications of gold’s real-world offerings on DeFi.
AUTHOR
Nicholas Otieno is a fintech writer specializing in cryptocurrency markets. Since 2019, he has written articles to educate readers about cryptocurrency and its substantial positive impact on global prosperity. Nicholas is a Bitcoin holder, believing firmly in its fundamentals. His work has been featured in publications such as Finance Magnates, Blockchain.News, Bitcoin Magazine, Coincub, and among others. When he's not writing, Nicholas enjoys performing domestic tasks, spending time with friends, listening to music, and watching football.
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Sui (SUI) price continues to lose its ground for the fourth straight day, inching closer to $0.7000 at press time on Friday. On-chain data reveals network resilience with Total Value Locked (TVL) stabilizing around 600 million SUI, while the derivatives traders lean bearish as Open Interest rises amid falling volume and funding rates.
Network remains firms amid broader market sell-offSui is down 20% so far this month, consistent with the broader crypto market decline. However, the ecosystem’s TVL bounced back to 596.39 million SUI on Friday, reflecting a recovery trend stabilizing near the 600 million SUI mark after dipping to 497.77 million SUI on May 11. Typically, a rebound and stability in a network’s TVL reflect its underlying strength and demand.
SUI TVL chart. Source: DeFiLlamaOn the derivatives side, broader market sentiment weighs on SUI traders. CoinGlass data show SUI Open Interest rising by over 1% in the last 24 hours to roughly $500 million, signaling a mild short-term positional buildup.
However, the 23% drop in trading volume to $643 million over the same period reflects reduced trading activity. Meanwhile, the funding rate has slipped marginally below zero, from 0.0044% the previous day, reflecting a shift away from traders willing to pay a premium to buy long positions.
SUI derivatives data. Source: CoinGlassSui remains bearish, risking another downside legSui hovers below the 20-day Simple Moving Average (SMA) at $0.7732 on Friday, extending its decline for the third consecutive day. The 50-day and 200-day Exponential Moving Averages (EMAs) at $0.8785 and $1.2618, respectively, sit well above the price, reinforcing the bearish bias.
From a technical perspective, SUI remains under pressure from a descending trendline near $0.7800, which capped its recovery on Wednesday. That said, the renewed bearish continuation in SUI risks the lower support levels, including the S1 Pivot Point at $0.6895, near the June 6 low at $0.6618.
Momentum shows a failed bullish attempt on the daily chart, as the Relative Strength Index (RSI) near 34 flips back toward the oversold zone. At the same time, the Moving Average Convergence Divergence (MACD) shows contracting histograms and converging average lines, indicating that bullish momentum is easing.
SUI/USDT daily price chart.On the topside, initial resistance is located at the Bollinger Bands’ middle line and 20-day SMA near $0.7732, followed by the descending trendline break level at roughly $0.7800. Above that, a bullish inversion Fair Value Gap (FVG) between $0.8440 and $0.8568 forms a dense upside barrier.
(The technical analysis of this story was written with the help of an AI tool.)
TLDR:Sui Network Scalability Claims Put AI Agent Demand in SpotlightSUI Price Edges Higher Following Throughput Milestone Sui’s reported 1M operations per second milestone sparked fresh discussion around blockchain scalability. Community posts highlighted Sui’s focus on supporting large-scale AI agent activity on-chain. CoinMarketCap data showed SUI gaining 0.79% over the past 24 hours amid rising attention. Network throughput claims intensified competition among high-performance blockchain platforms. Sui is drawing fresh attention after claims that its network reached one million operations per second, adding momentum to discussions around blockchain scalability and AI-driven activity.
The milestone surfaced through posts from prominent members of the Sui ecosystem and quickly spread across crypto markets.
Network performance has become a key focus as developers prepare for growing machine-to-machine interactions on-chain. Meanwhile, SUI posted a modest price increase over the past 24 hours despite broader market uncertainty.
Sui Network Scalability Claims Put AI Agent Demand in Spotlight Discussion around Sui accelerated after posts from the Sui Community account highlighted the network’s reported ability to process 300,000 transactions per second.
The post stated that the network has no hard scalability ceiling and was designed for a future where AI agents could outnumber human users on-chain.
The claim referenced comments from Sui co-founder Adeniyi Abiodun and research discussions involving Grayscale’s research team. According to the shared information, Sui’s architecture was built with large-scale autonomous activity in mind.
🚨$SUI HITS 1,000,000 OPERATIONS PER SECOND, AND AGENTS NOTICED FIRST!!!
Adeniyi Abiodun: “We stopped counting at 1M/sec. Turns out the first ones to notice weren’t human. Stables. Agents. Soon…”
The next wave of blockchain users may not be human. pic.twitter.com/PbuzHAMCnN
— Crypto Banter (@crypto_banter) June 21, 2026
Attention intensified after Crypto Banter shared separate comments attributed to Abiodun.
The post stated that the network had reached one million operations per second and that activity from stablecoin systems and automated agents appeared among the earliest indicators of the increased throughput.
The distinction between operations and transactions remains important. However, the figures quickly became a talking point across crypto social media as traders evaluated the implications for future blockchain demand.
Sui has increasingly positioned itself as a network focused on high-speed execution and scalable infrastructure. Those features have become more relevant as AI-powered applications begin interacting directly with blockchain networks.
SUI Price Edges Higher Following Throughput Milestone The scalability discussion arrived alongside a positive move in the SUI token price. According to CoinMarketCap data, SUI traded at approximately $0.7087 at the time of reporting.
The token recorded a 0.79% gain over the previous 24 hours. The move was relatively modest, yet it coincided with heightened attention around the network’s performance claims.
Trading activity remained active as market participants reacted to the reports circulating across social platforms. The throughput figures generated significant engagement among developers, investors, and infrastructure-focused projects.
Interest in AI-related blockchain infrastructure has expanded throughout the digital asset sector. As a result, claims involving large-scale processing capacity often attract immediate attention from traders.
BREAKING 🚨
Sui Network can process 300,000 transactions per second with no hard ceiling on its scalability, a game-changer for blockchain tech.
This capability is particularly significant as it's engineered for a future where AI agents outnumber humans on-chain, with Sui… https://t.co/jTaRnRSajQ pic.twitter.com/gFGTog6TxQ
— Sui Community💧 (@Community_Sui) June 21, 2026
Posts from the Sui Community account and Crypto Banter helped amplify the discussion, placing network performance at the center of the conversation. The reported milestones also arrived as competition among high-throughput blockchain networks continues to intensify across the crypto market.
Sui’s price has maintained a weak outlook during its current correction phase, following a previous upward movement. After completing an ABC corrective pattern on the charts, the downward trend persisted, with prices turning lower once again from the $0.80 to $0.83 resistance range. As cautious sentiment prevails in the market, analysts have emphasized that a clear upward breakout is needed to shift the overall direction.
Key technical levels in focusThe current market structure continues to form lower highs and lower lows. In this context, the main downside targets are at $0.65, $0.60, and $0.50. According to the analysis, the brief relief rally may have ended, possibly leading to a new downward wave.
If Sui fails to reclaim $0.80, renewed selling pressure may drive the price back toward $0.70 and $0.65. In a deeper correction, there is a possibility that the price could test the $0.55 level, or even the key liquidity zone near $0.50.
Crypto analyst More Crypto Online has noted that unless Sui sees a decisive breakout, the short-term outlook suggests one final drop toward the $0.55 to $0.50 region, after which a true trend reversal may take shape.
Conversely, a strong rally above $0.83—if sustained—could invalidate the bearish scenario. In that case, momentum could shift upward once again, with $0.90, $1.00, and $1.10 emerging as new targets.
Indicators hint at easing selling pressureTechnical indicators, especially the MACD, are drawing attention. The MACD value stands at minus 0.05152, with the signal line at minus 0.05465. A histogram reading of 0.00313 signals a reduction in selling pressure. Although still in negative territory, the slowdown in the pace of decline is seen as an early sign of market stabilization.
Meanwhile, the RSI is at 35.24, with its two-period average at 36.57, highlighting limited buying appetite and the market’s approach toward oversold conditions. Despite a slight rebound in the RSI, analysts stress that a more definitive change in trend would require the indicator to move above the 40 mark.
SuiUSDe launch aims to boost ecosystem liquidityAmid ongoing price pressure, Sui’s ecosystem has witnessed a significant development on the fundamentals side. A dedicated landing page for SuiUSDe has been launched, marking the result of collaboration between Ethena and Sui Group Holdings. Sui aims to foster growth in decentralized finance (DeFi) as a blockchain network designed for high transaction capacity.
This move is seen as an important milestone for developing programmable dollar infrastructure within the Sui network and for deepening the integration of DeFi services.
Mini glossary: A programmable dollar refers to a digital dollar structure that can be integrated into specific use cases via smart contracts. DeFi, or decentralized finance, enables financial operations like lending, borrowing, and swapping to be carried out on blockchain networks without intermediaries.
The integration of this programmable dollar model into Sui’s DeFi ecosystem is expected to boost on-chain liquidity, enhance capital efficiency, and support decentralized finance adoption in the long term. If the ecosystem continues to expand its reach, this could eventually provide support for Sui’s price during future market cycles.
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.
Ethereum Name Service price surged by almost 19% showcasing bullish momentum. ENS’ daily trading volume has increased by 170% showing buying interest. Ethereum Name Service (ENS) has recorded a major technical breakout, and this could be a change of market sentiment as the altcoin takes a firm step above important moving average lines. The recent price movement indicates a high bullish potential that may mark the start of a long-term bullish trend of the domain name protocol token.
The most significant change in the technical environment of ENS is the fact that it has broken out above the 50-day EMA of $20.46 and the 200-day EMA of $21.34. This two-moving-average break is a very strong bullish indicator in technical analysis because the price has succeeded in breaking two major resistance levels at the same time. The price has settled above these important levels and has turned them into possible support areas for the price in the future.
According to the CoinMarketCap data, this breakout has an impressive momentum, as ENS has seen a significant 19% price increase along with an unprecedented 170% growth in its daily trading volume. This increase in volume is especially notable since it shows a true interest in the market and not a low-volume pump, which gives credence to the present bullish run.
What’s Next For Ethereum Name Service (ENS) Price? With an RSI of 77, the bullish momentum is very strong, but it is close to being overbought. Although this indicates that the rally is quite strong, traders must know that the RSI level could be a cause of concern to new entries since there is a possibility of a short-term pullback before another leg up.
The MACD indicator that shows positive values also proves the bullish thesis, and the momentum oscillator proves the power of the current upward trend. This technical convergence gives further support to the sustainability of the breakout.
Another aspect, which is perhaps equally important, is the social sentiment, which is measured by social sentiment indicators. The decrease of negative sentiment towards a more neutral and positive one indicates the increased confidence of the community and possibly the wider awareness of the value of ENS within the decentralized web ecosystem.
Strategically, the breakout above the 200-day EMA is especially important since it is usually a sign of a shift in the bear market to a bull market period. Provided that ENS manages to hold the price above the $21.34 mark, it may receive more institutional and retail attention, which would likely facilitate further price growth over the next few weeks.
Shubham Sahu is a crypto journalist and writer with extensive experience covering blockchain technology, digital currencies, and AI. With over seven years in financial markets, Shubham began his journey in traditional trading before uncovering his passion for the crypto verse. After making his first crypto investment in 2021, Shubham combines practical market experience with deep technical knowledge to provide insightful analysis and commentary.
Ethereum Name Service (ENS), a naming system based on Ethereum (ETH), edges higher by over 8% at press time on Wednesday, outpacing the broader crypto market with double-digit gains in the last 24 hours. With the bullish comeback of Ethereum surpassing the $3,100 mark, the ENS rally gains traction as part of its ecosystem, suggesting increased demand in the Web3 space.
Both derivatives and on-chain data flash bullish signals with increasing Open Interest and declining supply on exchanges aligning with the traders’ anticipation of an extended rally.
ENS Open Interest jumps nearly 50% CoinGlass’s data shows a 48% increase in ENS Open Interest (OI) over the last 24 hours, reaching $131.58 million. An increase in OI refers to heightened capital inflow in the derivatives market, suggesting a boost in traders’ interest.
A spike in OI-weighted funding rate to 0.0149% in the last 8 hours, from 0.0028%, reflects the bullish incline in traders’ interest. Bulls pay the positive funding rates to offset the imbalance in swap and spot prices.
The massive shakeout of short positions of $599.40K in the last 24 hours, compared to $119.27K of long positions, suggests a bullish inclination in the active positions. Adding credence to the bullish imbalance, the long/short ratio is at 1.0121. Typically, a ratio above 1 refers to a greater number of active longs compared to short positions.
ENS Derivatives. Source: Coinglass
Declining ENS supply on exchanges hit a record lowSantiment data shows a decline in the ENS supply available on exchanges, reaching 4.99 million tokens — the lowest since November 14. Based on the demand-supply correlation, the declining ENS supply could fuel the rising demand, extending the bullish run.
ENS supply on exchanges. Source: Santiment
ENS targets $30 breakout amid rising bullish momentumENS prints its fourth consecutive bullish candle on the daily chart on Wednesday, reclaiming the $26 level after five months. The recovery run accounts for a 41% rise so far in July, targeting the $30.29 resistance, last tested on February 3.
A decisive close above this level could push the uptrend towards $34.51, last tested on February 1, followed by the year-to-date high at $38.57.
A rising trend in the 50-day Exponential Moving Average (EMA) is on the verge of surpassing the 100-day EMA, which is considered a buy signal as short-term growth exceeds the medium-term trend.
The Moving Average Convergence/Divergence (MACD) and its signal line are rising higher in positive territory, indicating a bullish trend is in motion. An uptrend in histogram bars above the zero line suggests increased momentum.
The Relative Strength Index (RSI) reads 78 on the daily chart, indicating overbought conditions on the back of growing buying pressure.
ENS/USDT daily price chart.
However, if ENS fails to uphold momentum, a bearish turnaround could retest the $24.88 level, marked by the daily close on February 9.
Key Takeaways Ethereum Name Service just hit a 5-month high amid a strong spot market breakout. Can ENS flip $30 if shorts keep stacking up?
Ethereum Name Service [ENS] jumped 18.2% to reach a 5-month high of $26.76, breaking out from its long-standing downtrend.
Over the same period, trading volume spiked 197% to $369 million, indicating heightened on-chain and speculative activity.
The real question now: is this a flash rally, or the start of a bigger trend?
Buy-side pressure builds on spot markets For the first time in 2025, Ethereum Name Service recorded four consecutive days of positive Buy-Sell Delta.
On the 16th of July, ENS recorded 443k in Buy Volume compared to 363k in Sell Volume, reflecting a higher demand. The same pattern appeared over the past three days, with buy volume surpassing sell one.
Source: Coinalyze As a result, the market recorded a positive Buy-Sell Delta of 80k as of this writing, a clear sign of aggressive spot accumulation.
Santiment data added weight to this thesis. ENS’ Price–DAA Divergence stayed positive all week—suggesting rising network usage alongside the price increase.
That’s typically a sign that user growth is fueling the rally, not just speculation.
Source: Santiment Derivatives traders aren’t buying the breakout Interestingly, when we examine Ethereum Name Services derivatives, it seems investors rushed into the market to bet against the market.
Source: CoinGlass According to CoinGlass, Open Interest jumped 47.77% to $132.19 million, while derivatives volume soared 220.68% to $517.93 million.
But the broader Long/Short Ratio didn’t flip bullish, remaining at 0.97 as of press time. Short Positions still made up 50.75% of trades.
Source: CoinGlass Even on Binance, Long/Short Ratios for top traders hovered between 1.36 and 1.69, showing only moderate long-side conviction.
This indicates skepticism across futures traders, many of whom appear to be shorting the rally.
Is profit-taking underway? Unsurprisingly, as prices rallied, it created a profit-taking window for holders who had been underwater for the past 5 months.
Netflow data showed $3.46 million worth of ENS moving to exchanges—the highest level this year.
For three consecutive days, positive Netflows suggest traders may be locking in profits after holding through months of underwater prices.
Source: Coinglass When Exchanges recorded positive Netflow, it indicates more deposits than withdrawals, confirming aggressive profit taking.
Can ENS continue with the uptrend? According to AMBCrypto’s analysis, Ethereum Name Service experienced a strong upswing as demand recovered.
As a result, the altcoins’ Stochastic RSI surged to 100, edging into the overbought zone. At the same time, RVGI surged to 0.37, signaling strong upward momentum.
Source: TradingView While these indicators support buyer dominance, they also raise the risk of volatility ahead.
If bulls maintain control, ENS could test the $30 resistance next. However, if selling pressure increases, a retracement toward $23.06 is likely.
Key Takeaways ENS’s Long/Short Ratio is at 0.8034, indicating that bears are currently ruling. The altcoin can only turn bullish if it closes the daily candle above the $30.20 level.
On the 23rd of July, the overall crypto market experienced a price correction.
Amid this, Ethereum Name Service [ENS] reached a key resistance level, where it started facing selling pressure, and at press time, appeared poised for a price decline.
Why could ENS’ price fall? ENS stood at $27.80 at the time of writing after a 3.5% price surge in the past 24 hours.
During this period, the asset recorded an intraday high of $29.93, from which it has been consistently reversing due to strong selling pressure.
Despite the price decline, participation from investors has skyrocketed, leading to an 85% surge in trading volume.
According to AMBCrypto’s technical analysis, ENS looked to be in an uptrend, but due to an overstretched price over the past few days, the asset was now facing a correction.
On a smaller time frame, specifically the 4-hour chart, it appeared to have formed a textbook-style bearish triple-top price action pattern.
The altcoin breached its local support at $28, which has now opened the path for further price decline.
Source: TradingView If ENS continues to decline, there is a strong possibility that it could drop by 8% and reach the $25.20 level.
This bearish price outlook has been further strengthened by recent trader activity, as revealed by the on-chain analytics tool CoinGlass.
At present, ENS’s Long/Short ratio was 0.8034, indicating strong bearish sentiment. Moreover, 44.55% of top traders were betting on bullish long positions, while 55.45% were on bearish short positions.
Source: CoinGlass Thus, it seems that the bears are dominating.
Exploring a bullish scenario This bearish outlook could only end if the asset rallies, breaches the key resistance level of $29.90, and closes above $30.20.
This can cause the asset to turn bullish, potentially seeing a price uptick of over 25% and reaching the $37.90 level.
Key Takeaways Over 250K ENS tokens exited exchanges, pushing the price from $18 to $30. With no new inflows and liquidity building at $32 and $26, traders now eye a breakout or correction before a potential $45 move.
Ethereum Name Service [ENS] extended its rally by more than 10% in the past 24 hours, climbing from a mid-July low of $18 to nearly $30.
This price jump aligned with a sharp drop in Exchange Reserves and a visible spike in Exchange Outflows, signaling strong accumulation.
But can this momentum continue, or are profit-taking pressures about to kick in?
Massive withdrawal from exchanges hints… Data from CryptoQuant shows that over 250,000 ENS tokens were withdrawn from the top 10 exchanges around mid-July.
When the price was overlaid on this data, ENS had surged from $18 to $30 at the time of writing. This withdrawal was a hint that market participants were anticipating this move.
Source: CryptoQuant Since Exchange Outflows usually point to reduced sell pressure, the lack of new Inflows implies that investors are still holding — possibly expecting more upside.
Momentum holds, but resistance ahead Now, assessing the impact on the price action, the ENS price was trading around the $30 level. This matched with the shifting market structure of the ENS where it was now making new, higher lows.
Seconding this bullish outlook were the Chaikin Money Flow (CMF) and MACD, which were all in support. The CMF was at 0.1 while the MACD had turned green, at press time, but the momentum was reducing, potentially because of the range around $30.
Source: TradingView Alternatively, ENS price could remained around the $30 zone, which could prompt some holders to liquidate their positions in fear of wiping out garnered profits.
A break and sustained stay above $30 could open the door for a move toward $45. A reclaim of the $45 could spark more bullishness, which could in turn drive the price past $50.
However, is the liquidity enough to actualize this?
ENS confined between liquidity According to CoinGlass’ 24-hour Liquidation Heatmap, ENS is sandwiched between two critical zones.
Liquidity above $32–$34 could act as a short squeeze trigger, fueling an upside breakout. And, liquidity below $29, especially near $26, poses downside risk if longs get flushed.
Source: CoinGlass If ENS holds above $30 and triggers liquidations near $32, it could push toward $34–$35. However, if support at $29 breaks, weak-handed longs may exit, dragging the price back to $26 before a bounce.
This week’s $453M release forms part of $4.7B in scheduled September unlocks, a pace that could keep volatility elevated across majors.
A fresh wave of token releases is set to hit the crypto market this week, with more than $453 million worth of major assets scheduled to enter circulation.
Data from the Tokenomist website shows significant cliff unlocks for Ethereum Name Service (ENS), Immutable X (IMX), and Elixir (ELX), alongside daily linear distributions impacting heavyweights like Solana (SOL), Dogecoin (DOGE), and Avalanche (AVAX).
Unlocks Add Supply Pressure Across Key Projects ENS leads this week’s unlocks, with about $213 million worth of tokens scheduled to hit the market, an amount that makes up just over 3% of its circulating supply. It is followed by IMX with an upcoming release valued at about $55 million, accounting for slightly more than 1%of its supply.
Among projects experiencing steady daily linear releases, Solana will see close to $100 million added to its supply, while the Worldcoin project is set to make available around $32 million worth of its native WLD token.
Meanwhile, DOGE will activate more than 96 million new coins valued at $19.79 million, with Celestia preparing to introduce an additional 6.96 million TIA tokens priced at about $13 million.
Avalanche will also expand its supply by roughly $16 million, and Sui will contribute 3.01 million coins worth just under $10 million. Combined, these events form part of the broader $4.7 billion in token unlocks expected throughout September.
Historically, cliff unlocks often lead to volatility when sudden supply hits the market without matching demand. On the other hand, linear schedules can provide a more gradual release, and with multiple high-value unlocks overlapping this week, traders are advised to keep an eye out for short-term turbulence, especially in lower-liquidity tokens.
You may also like: Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Worldcoin Rival Humanity Protocol’s Token Crashes 88% as $30M Wallet Drain Sparks Security Panic Could Dogecoin (DOGE) Be Setting Up for Its Next Big Move? Analysts Think So Market Impact: Eyes on Solana and Dogecoin Solana stands out as both a beneficiary of bullish technical momentum and a project facing a notable unlock.
As recently reported by CryptoPotato, on-chain data shows nearly $4 billion worth of SOL accumulated around $180, with additional treasury purchases adding support. Analysts suggest the golden cross could fuel further upside if buying pressure absorbs the fresh supply, though resistance near $0.002 BTC remains a test.
Elsewhere, Dogecoin’s outlook is less clear. The OG meme coin is consolidating below $0.23, a breakout level that analyst Ali Martinez has flagged as pivotal for short-term rallies. And with close to $20 million in new tokens entering circulation this week, the added supply could weigh on the asset unless bullish sentiment returns.
October is shaping up to be a pivotal month for the crypto market, with more than $1 billion worth of tokens preparing to enter circulation. A series of major token unlocks from leading projects, including Aptos, Ethereum Name Service (ENS), ImmutableX, and Bittensor, is set to test market resilience and liquidity. With billions in previously locked assets set to move freely, investors are bracing for heightened volatility and short-term price fluctuations across the board.
In brief More than $1 billion in crypto tokens will enter circulation between October 4 and November 4, 2025. Major unlocks from Aptos, ENS, ImmutableX, and Bittensor could pressure market prices and liquidity. Sudden supply surges may trigger volatility as investors adjust to the new circulation dynamics. Key unlocks include TON, Avalanche, and LayerZero, with analysts watching market reactions closely. Several Crypto Tokens Set to Unlock: Market Faces Potential Price Pressure According to data from DefiLlama, between October 4 and November 4, 2025, about $1.051 billion worth of crypto tokens will be released from vesting contracts. Many blockchain projects use locking or vesting periods to prevent early investors from selling immediately after launch, helping maintain price stability and investor confidence.
Once these restrictions are lifted, however, the sudden increase in circulating supply can put downward pressure on prices if demand fails to keep pace, making unlock schedules a key focus for traders monitoring market movements.
Massive Crypto Unlocks Poised to Shake Up the Market The wave already began on October 5, with Aethir releasing 65.58 million of its digital coins, followed by Aptos with 58.75 million. Flare added 44.73 million, while Big Time contributed 32.07 million to circulation.
Ethereum Name Service (ENS) unlocked 19.82 million tokens, while ImmutableX added 17.65 million. Other projects on the unlock schedule included Celestia with 9.62 million, Bouncebit with 7.93 million, Delysium with 4.27 million, and Stepn with 2.66 million.
A week later, on October 12, several major token unlocks are expected across key projects:
Bittensor is scheduled to release 49.44 million tokens, marking one of the day’s largest unlocks. Arbitrum is set to release 40.03 million tokens. Connex expects to introduce 36.78 million tokens into circulation during the same window. QuantixAI is preparing an unlock of 33.21 million crypto coins. Omni Network has 27.66 million tokens coming out of vesting contracts. Debridge is anticipated to release 20.06 million tokens to the market. Vana rounds out the list with 10.57 million tokens scheduled for unlock, bringing the total for the day to over 200 million. Smaller unlocks from Celestia, Apecoin, Zetachain, and other projects will add around 4.67 million more tokens. Later in the month, TON will conduct one of the largest unlocks, freeing 102.89 million tokens, followed by LayerZero’s 55.03 million and Avalanche’s 50.14 million.
Additional releases from Kaito, Melania’s meme coin, Tornado Cash, and Orderly are expected between October 19 and November 2, adding further liquidity to the market. As these events unfold, market participants will closely monitor trading volumes, price reactions, and overall sentiment as billions in newly unlocked tokens enter the market.
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James G.
James Godstime is a crypto journalist and market analyst with over three years of experience in crypto, Web3, and finance. He simplifies complex and technical ideas to engage readers. Outside of work, he enjoys football and tennis, which he follows passionately.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
14 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
14 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
14 minutes ago
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)
14 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.
14 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%.
[PRESS RELEASE – Buenos Aires, Argentina, November 18th, 2025]
Today, the Filecoin ecosystem launched Filecoin Onchain Cloud, a decentralized cloud platform offering verifiable storage, fast retrieval, and fully on-chain programmable payments. Early integrations are from the ERC-8004 community, Ethereum Name Service (ENS), KYVE, Monad, Safe, Akave, Storacha, Geo Podcasts, and more. The launch was announced at DePIN Day Buenos Aires, hosted by Fluence.
Centralized Outages Expose Crypto’s Dependence
Recent outages at major cloud providers have taken Web3 offline, underscoring its reliance on centralized infrastructure. Filecoin Onchain Cloud offers a verifiable alternative for builders seeking open, resilient systems.
New pressures are also straining centralized stacks. AI systems produce data at a massive scale, governments dictate where it can reside, and on-chain AI agents now need different infrastructure.
A Foundation for Verifiable Infrastructure
Filecoin Onchain Cloud meets that demand by expanding the Filecoin network into a programmable layer for verifiable cloud services, enabling developers to compose storage, retrieval, and payment logic on-chain.
“Filecoin Onchain Cloud brings onchain guarantees like verifiability, programmability, and openness to cloud-scale infra services,” says Molly Mackinlay, CEO, FilOz. “With storage, retrieval, and payments that are all fully composable and auditable onchain, all Web3 dApps, agents, and infra networks can be truly unstoppable. Filecoin Onchain Cloud provides the building blocks applications need for a Cambrian explosion of onchain services powered by the global network of Filecoin service providers. Builders deserve a cloud built on proofs, not promises!”
Filecoin Onchain Cloud emerges from years of collaboration across the Filecoin ecosystem, uniting hot storage proofs, composable smart contracts, and on-chain payments.
Filecoin Pin, its first developer toolkit, persists IPFS content on Filecoin through simple, accessible tools.
At launch, Filecoin Onchain Cloud introduces core services that form the base of a decentralized cloud, accessible through the Synapse SDK. Warm Storage keeps data online with on-chain proofs, Filecoin Pay automates usage-based payments, and Filecoin Beam supports measured, incentivized retrievals. Together, they let developers compose, monitor, and monetize data services.
Early Integrations
Developers and teams are already experimenting with early integrations:
ERC-8004 / Agent0
ERC-8004 builders use Filecoin Pin to store agent identities and metadata verifiably on-chain. Agent0 extends this by pinning all agent data to Filecoin, enabling tamper-proof discovery without centralized catalogs.
“Agent ecosystems depend on verifiable metadata,” said Marc De Rossi, author of ERC-8004 and creator of Agent0. “By pinning agent identity and reputation data on Filecoin Onchain Cloud, we can ensure that discovery and interaction between agents happens on tamper-proof infrastructure. It’s a huge step toward an open standard for verifiable AI.”
Ethereum Name Service (ENS) and Safe
ENS, Safe, and Filecoin Onchain Cloud form an on-chain stack for deploying and governing trustless frontends, with ENS for naming, Safe for multi-sig control, and Filecoin Onchain Cloud for persistent, verifiable storage.
“Using ENS to give names for content and apps on the decentralized web has been possible since 2018,” said Simon Schmid, Developer Relations Lead, ENS Labs. “With Filecoin Onchain Cloud it is now possible to properly incentivize storage and availability at scale in a decentralized way. Super excited to see all the pieces coming together with Safe leading as an example of how it’s done,”
Monad
Through the Monad AI Blueprint program, developers can seamlessly deploy Filecoin Onchain Cloud storage endpoints and build AI systems that are fast, self-verifying, and wallet-controlled.
KYVE
KYVE uses Filecoin Onchain Cloud to durably store Celestia and Story Protocol chain data across decentralized providers. After starting in the Arweave ecosystem, they’re expanding to Filecoin for greater scale and faster validator syncing.
“At KYVE, our mission has always been to make blockchain data permanent, verified, and accessible to everyone,” said Fabian Riewe, Founder, KYVE. “By leveraging Filecoin’s Onchain Cloud, we’re taking the next step, scaling from terabytes to petabytes of decentralized storage. This collaboration brings us closer to a truly universal data infrastructure for Web3.”
Akave Cloud
Akave Cloud is using Filecoin Onchain Cloud to extend verifiable storage from hot workloads into a decentralized backup and archiving tier built for AI, IoT, ML, and compliance data that demands durable, auditable, affordable storage.
“By uniting Akave Cloud’s high-performance, verifiable S3-compatible infrastructure with Filecoin Onchain Cloud’s global decentralized storage network and services, users will gain more flexibility and have the ability to optimize for cost, speed, and durability within a seamless, unified system,” said Stefaan Vervaet, CEO, Akave.
Storacha
Storacha’s Forge offers IPFS-compatible warm storage with on-chain proofs of data possession. It provides high-throughput, auditable storage secured by Filecoin Onchain Cloud’s verification and payment rails.
“Storacha Forge is a new Filecoin Onchain Cloud service making verifiable warm storage radically affordable,” said Alexander Kinstler, CEO of Storacha. “At $5.99 per terabyte, Storacha Forge is built for the petabyte-scale data behind AI and DePIN. By building on the Filecoin Onchain Cloud, we combine cryptographic integrity with unmatched economics.”
Geo Podcasts
Geo Podcasts is built on the Geo knowledge-graph protocol and helps users discover top podcasts. By storing its podcast data, images, and knowledge-graph records on Filecoin Onchain Cloud, Geo Podcasts ensures all information is verifiable across applications.
“We want to make sure that all of Geo’s knowledge graph data is open and available to all,” said Yaniv Tal, Founder, Geo. “Filecoin Onchain Cloud gives users guarantees that their knowledge data will stay around, giving them even more confidence to contribute to the Geo knowledge commons.”
An Open Foundation
Filecoin Onchain Cloud lays the groundwork for a verifiable cloud ecosystem, and ongoing collaboration with the developer community will continue to grow the stack.
“Launching Filecoin Onchain Cloud is a huge milestone for the Filecoin network,” said Marta Belcher, President and Chair of the Filecoin Foundation. “FOC unlocks critical capabilities that will accelerate the Filecoin network’s mission to build a more open, resilient, and verifiable internet.”
Filecoin Onchain Cloud is live on Filecoin testnet today, with mainnet launch planned for January 2026.
Visit filecoin.cloud.
About Filecoin Foundation
Filecoin Foundation’s mission is to preserve humanity’s most important information, facilitate open-source governance of the Filecoin network, fund research and development for decentralized technologies, and support the growth of the Filecoin ecosystem and community.
About FilOz
FilOz is a research and development team advancing the Filecoin network through protocol engineering, research, and network upgrades.
ENS dropped plans for Namechain, its own Layer-2 network, as the ENSv2 upgrade stays on Ethereum L1. The ENSv2 will remain fully compatible with Layer-2 networks. In a significant strategic shift, the Ethereum Name Service (ENS) has announced that its next-generation protocol, ENSv2, will stayon Ethereum’s Layer-1 mainchain, dropping previous plans of building its own Layer-2 network, Namechain, according to a blog post by ENS co-founder Nick Johnson on February 6.
ENSv2 is the Ethereum Name Service’s upcoming major upgrade, intended to expand ENS capabilities to a Layer-2 network, providing users with lower fees and faster transactions than the Ethereum mainnet, as well as to provide structural modifications such as hierarchical registries, which give name owners more power and support for numerous chains.
Why ENS Dropped Its Layer-2 Plans Johnson wrote, “ Ethereum is scaling faster than almost anyone predicted two years ago; we’ve seen a 99% reduction in ENS registration gas costs over the past year, coinciding with Ethereum’s gas limit increases from 30M to 60M in 2025. By staying on L1, we’re aligning ENS with the strongest possible infrastructure guarantees, Ethereum itself.”
As Johnson mentioned, ENSv2 will still be released as planned, and halting work on Namechain will not affect the company’s broader roadmap. By having everything on one blockchain rather than two, he expects names to load faster and run more smoothly for users. Also, Johnson noted that the majority of the improvements made to make ENS easier to use over the last two years will stay in place.
Further, ENS Labs COO Katherine Wu shared a post via her X handle, “It is important to note that ENSv2 is ultimately an upgrade to ENS as it exists today — it’s still ENS! Regardless of where it ultimately gets deployed,” and highlighted new features such as individual registries for each ENS name and new apps currently in testing.
Vitalik Backs ENSv2’s Ethereum L1 Move Vitalik Buterin supported the ENS labs decision by saying, “It’s a good decision!” As he noted that ENS names and records represent a critical on-chain state for the Ethereum ecosystem, should remain easily accessible from anywhere.
Further, he added, “It’s also a semi-financial application, in the sense that buying and holding ENS names has a cost, and ENS names can become very valuable objects. With the expanded scaling roadmap, Ethereum L1 is the ideal place for these applications.”
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Writer with roots in journalism and international relations, actively exploring blockchain and crypto, with curiosity for the field and a passion for simplifying complex ideas.
Ethereum Name Service (ENS), the decentralized naming protocol that maps human-readable identifiers to blockchain addresses, has decided to discontinue development of its own Layer-2 blockchain. The move represents a recalibration of its technical roadmap as the Ethereum ecosystem continues to evolve around shared rollup infrastructure and modular scaling models.
The proposed ENS Layer-2 had been envisioned as a dedicated environment to reduce transaction costs and improve performance for domain registrations and name management. However, the rapid expansion of established Layer-2 networks offering robust developer tooling, liquidity, and user bases has altered the competitive landscape. By stepping back from operating a proprietary scaling layer, ENS is redirecting resources toward enhancing core protocol functionality and cross-network interoperability.
Layer-2 ecosystem maturity reshapes strategic priorities The Ethereum ecosystem has seen significant growth in Layer-2 solutions, including rollups and other scaling frameworks designed to increase throughput while maintaining security anchored to the mainnet. As these networks matured, they developed extensive infrastructure such as decentralized sequencers, shared security models, and developer support systems.
Against this backdrop, operating a dedicated ENS Layer-2 would have required sustained investment in technical maintenance, security guarantees, and ecosystem growth. Industry observers note that many decentralized protocols are increasingly opting to integrate with established scaling networks rather than duplicate infrastructure efforts. The consolidation of liquidity and user activity around leading rollups has made interoperability more strategically advantageous than fragmentation.
By discontinuing its own Layer-2 initiative, ENS aims to align more closely with the broader Ethereum scaling roadmap. The protocol is expected to focus on ensuring seamless name resolution across multiple Layer-2 environments, reducing user friction when interacting with decentralized applications that operate beyond the mainnet.
Refocus on core protocol and interoperability ENS remains a foundational component of the Ethereum identity layer, enabling simplified wallet addresses and supporting decentralized identity use cases. With the Layer-2 project discontinued, development efforts are expected to concentrate on strengthening metadata standards, governance processes, and compatibility with cross-chain ecosystems.
Enhancing interoperability has become increasingly important as users interact with decentralized finance platforms, NFT marketplaces, and identity services across various networks. ENS’s renewed emphasis on integration could improve its utility across multiple scaling environments without requiring the protocol to maintain its own execution layer.
Governance discussions within the ENS community have reflected a broader recognition that ecosystem cooperation may deliver greater long-term value than maintaining a standalone scaling solution. By leveraging existing Layer-2 infrastructure, ENS can potentially accelerate feature development and reduce operational complexity while preserving decentralization principles.
The decision also underscores a wider trend within the blockchain sector, where protocols are reassessing infrastructure ambitions in favor of specialization and composability. As modular architectures gain traction, building proprietary scaling layers is increasingly weighed against the benefits of integrating with shared networks.
While discontinuing its native Layer-2 marks a significant shift in strategy, ENS’s core mission of providing decentralized naming and identity services remains unchanged. The protocol’s ability to adapt to evolving scaling standards will likely shape its long-term relevance as Ethereum’s ecosystem continues to expand.
PANews reported on April 18 that Ethereum Name Service (ENS), an Ethereum domain name service provider, issued a security alert on the X platform, confirming a security issue and advising users to temporarily avoid accessing eth(dot)limo-related links. The team has begun investigating the security issues affecting DNS registrars.
ENS clarified that the issue currently only affects the eth(dot)limo domain name resolution service and does not involve eth(dot)link, nor will it affect the normal use of the ENS domain name service itself. This warning is issued out of caution; users should avoid using eth(dot)limo links until the relevant team confirms the issue is fully resolved. Further updates will be provided as they become available.
EasyDNS has confirmed that a security failure within its own systems allowed a social engineering attacker to briefly seize control of eth.limo, a primary gateway for the Ethereum Name Service.
Summary
An attacker impersonated an eth.limo team member to bypass account recovery protocols at easyDNS and gain control of domain settings. DNSSEC safeguards prevented the redirection of users to malicious sites by rejecting forged responses that lacked valid cryptographic signatures. EasyDNS is migrating the service to Domainsure to eliminate account recovery vulnerabilities and prevent future social engineering breaches. The incident occurred on Friday when an attacker successfully impersonated an eth.limo team member to initiate an account recovery process, gaining the authority to modify name server records and redirect the domain to Cloudflare.
The eth.limo team, in a post-mortem published Saturday, stated that they immediately notified the community and prominent figures like Ethereum co-founder Vitalik Buterin once the DNS hijack was identified.
Serving as a bridge for roughly 2 million decentralized websites, eth.limo is a high-stakes target because a successful compromise could allow hackers to divert users to malicious pages. Buterin himself issued an urgent warning on Friday, advising his readers to avoid his blog until the team could restore secure operations.
Security extensions prevent widespread impact EasyDNS CEO Mark Jeftovic noted that the presence of Domain Name System Security Extension (DNSSEC) played a critical role in stopping the attacker from causing further damage.
Because the hacker lacked the necessary cryptographic signing keys, modern DNS-aware resolvers rejected the forged responses, resulting in users seeing error messages rather than being funneled to phishing sites.
“We screwed up and we own it,” Jeftovic stated on Saturday, acknowledging that this was the first successful social engineering breach in the provider’s 28-year history.
The eth.limo developers highlighted in their own report that these safeguards likely reduced the “blast radius” of the hijack. While the service was disrupted, the team is currently unaware of any confirmed user impact or fund losses.
Jeftovic added that eth.limo is now being migrated to Domainsure, an enterprise-grade platform that does not offer a manual account recovery mechanism, effectively closing the loophole exploited in this attack.
The latest incident is one of the many recent infrastructure attacks hitting the crypto sector. Only days earlier, on April 14, the decentralized exchange aggregator CoW Swap lost control of its domain for several hours following a similar social engineering attack against the .fi registry, leading to an estimated loss of $1.2 million from affected users.
The new AI-powered version of the TOMI Wallet is the first of its kind and over time it will include more AI capabilities to enhance the user experience
TOMI, the Web3 infrastructure project creating a decentralized alternative internet ecosystem, introduces the first AI-powered voice assistant for a Web3 wallet, which will enable the expedition of a variety of routine crypto-related tasks. The AI assistant adds a layer of automation and personal guidance to the TOMI Wallet, providing convenience, efficiency, and enhanced accessibility. With this added feature to the TOMI Wallet, users can now send funds and soon will be able to swap tokens, check prices and token details, monitor balances, and view transaction history via voice commands. The TOMI wallet, with the AI voice assistant, is available to download for Android and Apple.
As AI features increasingly find their way into crypto platforms, products, and services, there is rising interest in utilizing advanced AI technologies like natural language processing (NLP) and automatic speech recognition (ASR) within Web3 wallets. Progress is being made to integrate AI voice commands into crypto wallets, but the industry hasn’t yet provided Web3 users with an all-encompassing solution. For example, Tether’s AI Bitcoin Assistant is expected to provide enhanced security features, but it’s only in the developmental stage and only caters to Bitcoin holders.
TOMI’s new AI-powered voice assistant provides hands-free convenience to users, allowing them to engage with digital assets as they go about their daily routines. The AI voice assistant enables faster, mistake-free onboarding with its AI-driven step-by-step direction and contextual understanding, reducing the possibility of sending tokens to the wrong address or selecting the wrong network. By managing crypto through TOMI’s intuitive voice interface, users can save time by eliminating the need to navigate multiple screens. The TOMI Wallet’s AI voice assistant is the product of a technical collaboration with Olympus AI, a platform for creating advanced AI agents, who built and integrated the feature.
The TOMI Wallet’s voice assistant integrates with users’ contacts, offering them the convenience of addressing a contact by name while the AI links them to the right address on the correct network. In the future, TOMI will extend these AI-powered capabilities to manage more aspects of the user experience across TOMI’s broader ecosystem. This could include identity verification, assistance engaging with DeFi protocols, handling NFT transactions, and more.
“By embedding AI at the core of the TOMI Wallet, we aim to provide a more unified, intuitive, and smooth user experience,” says Moshe Hogeg, Founder and senior consultant at TOMI. “Soon, our users will be able to not only send crypto through AI voice assistant, but also check market data, interact with DeFi or NFT features, and more. As the first true AI voice assistant to be integrated into a crypto wallet, we aim to redefine the standard for crypto wallets going forward by emphasizing the UX.”
About TOMI: TOMI is on a mission to increase digital freedom and build a more democratic and decentralized internet – where users have full control over their data, transactions, and communications. Through TOMI, messaging and crypto payments come together, enabling seamless intuitive financial interactions. By making transactions as easy as chatting, tomi is redefining how people connect and transact in the digital age. For more information, visit: https://tomi.com/
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
TOMI, the token of the decentralized alternative internet platform tomi Super App, has skyrocketed 150% in the past 24 hours to outpace all major coins.
The TOMI token’s (TOMI) massive pump, which has the crypto trading 150% higher, also comes with a 446% spike in intraday volume to $26 million. It’s largely a drop in the $3.3 trillion crypto market, which has seen more than $149 billion traded in the last 24 hours. However, TOMI’s gains stand out, as the project’s uptick sees it rank as one of the biggest performers of the day.
Bitcoin’s (BTC) recent march above $105,000 and Ethereum’s (ETH) surge to $2,700 continue to dominate overall chatter across crypto. The tailwinds from this surge, helped by macroeconomic factors, are driving most altcoins, as traders aggressively position. TOMI’s price appears to be gaining upside strength from this broader market movement.
However, the web3-focused project has attracted notable attention since releasing its roadmap for a TOMI superapp earlier this year.
One of the biggest milestones in that roadmap was the launch of TOMI’s chat and send feature. The plan is to enable a platform from which anyone can send crypto as easily as they send a message.
TOMI announced on May 14 that this will soon go live.
Imagine sending crypto like a message.
No addresses. No switching apps.
Just chat, send, done.
Now add a built-in wallet and creator monetization.
Stop imagining.#TOMI is launching soon. pic.twitter.com/VrcdsAjnZK
— TOMI (@tomipioneers) May 14, 2025 Access is set to go live not long after the project unveiled its first artificial intelligence-powered assistant in March 2025. The TOMI app also features wallet integration and creator monetization.
Encrypted private chats, a privacy-focused decentralized browser and mini apps is part of the project’s roadmap.
Despite recent gains, TOMI crypto remains 99% down since its all-time high of $7.13 reached in June 2023. The token, co-founded by Moshe Hogeg, crashed to a low of $0.001187 on May 7, 2025. Israeli police accused Hogeg of involvement in a $290 million crypto scam.
The app combines a messaging interface with a built-in Web3 wallet, monetization tools for content creators, and multi-profile support—delivering a smooth, Web2-style experience in a crypto-native context.
TOMI is launching its crypto-native super app: a platform where messaging, crypto payments, and multi-profile identity management come together in one seamless experience. Designed for both Web3 and Web2 users, the TOMI App makes it easy to chat, pay, and connect—without compromising privacy or ease of use.
TOMI is an evolution of what originally inspired the decentralized web: an internet that belongs to its users. But instead of trying to destroy the centralized web and rebuild from scratch, TOMI found that the best way forward would be a synthesis of both worlds – delivering one product that brings everything together—messaging, payments, identity, and community—under a single, user-friendly interface.
Within the app, users can chat, make transfers and payments using the native $TOMI—including within the chat feature—securely manage their assets, monetize content, and more–all in one place. By gathering all the tools and features across TOMI’s privacy-centric ecosystem, the TOMI App smoothly assembles them into a secure environment that offers users a capable alternative to the current, privacy-inept web.
Some of the TOMI App’s core features include:
Integrated chat and payments: Enables users to send and receive crypto directly from within chats and includes private group chats to foster collaborations around financial engagements. Multi-profile management: Users can create and toggle between public and anonymous profiles for specific interactions. Frictionless onboarding and built-in privacy: Designed to respect privacy, the TOMI App doesn’t require users to provide an email, phone number, or wallet connection. Users simply need to create a username, and the app builds a wallet in the background to be used for the crypto and payment features. Monetization features: Allows content creators to receive payments directly from their followers without relying on third-party platforms. “By blending social features, payments, and monetization into an intuitive and user-friendly Web3 experience, the TOMI App eliminates the complexities that typically come with Web3,” says Moshe Hogeg, founder and senior consultant at TOMI. “Our mission is to make crypto more accessible for all people by creating simple, native tools for creators and communities and bridging chat, payments, and monetization without compromising on privacy. Whether you’re sending crypto to a friend, or a creator interested in leveraging your community to earn, it can all be done from within the TOMI chat feature, and without logins, external tools, or the friction associated with clunky dApps.”
Download TOMI Web3 Superapp here.
About TOMI: TOMI is on a mission to increase digital freedom and build a more democratic and decentralized internet, where users have full control over their data, transactions, and communications. Through TOMI, messaging and crypto payments come together, enabling seamless, intuitive financial interactions. By making transactions as easy as chatting, TOMI is redefining how people connect and transact in the digital age. For more information, visit: https://tomi.com/
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
Top 1 On-Chain Liquidation: ETH Bull Whale Hit With 4 Consecutive Forced Liquidations, $14.11 Million in Positions Liquidated
According to Hyperinsight monitoring, today’s largest liquidation on the Hyperliquid platform involved a high-leverage Ethereum (ETH) long whale. The address opened a long position yesterday when ETH was trading at roughly $1,661, and immediately incurred losses after entry. Triggered by ETH’s short-term dip below $1,600 in the early hours of today, the whale faced four consecutive liquidations, resulting in the forced closure of a total of 8,734 ETH positions valued at approximately $14.11 million. The address now holds less than $150,000 in remaining funds, with all positions fully cleared. Address: 0x1cb0b187c14a8c0fb36ca0dcbb775dcc7f02b408
13 minutes ago
A certain on-chain address opened long positions in BTC, ETH, and silver, and purchased $10.699 million worth of BTC and ETH spot.
According to on-chain analyst Ai Yi (@ai_9684xtpa)’s monitoring, address 0x960…3f0fc simultaneously went long on both futures and spot positions this early morning, opening long positions of 102.55 BTC, 954.38 ETH, and 8,790 silver units, with total position value around $8.29 million. It also purchased spot BTC and ETH worth approximately $10.699 million. Its current take-profit levels are set at $63,000 for BTC and $1,650 for ETH.
13 minutes ago
A whale that reaped over $23.77 million in profits from the Basic Attention Token (BAT) ICO has reawakened after six years of dormancy, offloading 12,600 ETH in the past two days.
According to monitoring by EmberCN, a whale address that participated in the BAT ICO in 2017 and generated approximately $23.77 million in total profits has started selling ETH recently after six years of inactivity. Over the past two days, the address has sold 12,586 ETH, receiving 20.59 million USDS in exchange, at an average selling price of roughly $1,636. The whale invested 17,789 ETH in the BAT ICO in May 2017, acquiring around 113.8 million BAT. It then sold BAT gradually over approximately two and a half years at an average price of $0.245, netting about $23.77 million in profits, with some of the BAT converted into 27,586 ETH. Since then, the ETH has remained inactive for a long time until it resumed reducing its holdings recently. Currently, the address still holds around 15,000 ETH, valued at approximately $24.29 million.
13 minutes ago
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)
13 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.
13 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%.
PANews reported on June 5th that ZachXBT issued a community warning, advising users to stay away from the prediction market project Rain Protocol. He pointed out that the project has very few users, its product lacks market appeal, it has no well-known backers, and the team has almost no experience in the industry. On-chain addresses show that Rain's team's funding sources are related to Gems hot wallets and exchange deposit addresses. These addresses have transferred funds for failed projects such as Data Ownership Protocol and TOMI, indicating overlapping teams. In addition, Rain's token price appears to be manipulated, with on-chain addresses trading through Uniswap V3 liquidity pools and obfuscating transfer paths through Gems hot wallets. Rain's total value locked is $27.2 million, but all of it is its native token with extremely poor liquidity. Rain announced a $212 million treasury strategy in November 2025, but lacks supporting data comparable to Kalshi or Polymarket.
ZachXBT points out that TOMI, DOP, and Sirin Labs are all linked to Moshe Hogeg, the controversial Israeli founder who was detained for fraud in 2021 and charged in 2023 with a $290 million crypto scam. Gems is a dubious launch platform that has hosted numerous failed projects and is currently conducting a pre-sale for Kai Platform. DOP raised $162 million in its 2024 token sale, but after Kai Platform announced its acquisition of DOP, numerous retail investors complained about the whereabouts of their funds.
Key Facts Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The cap raise follows strong early demand since MXRPY’s launch on 15 May 2026 by Monarq Asset Management, Flare and Upshift. MXRPY is a managed multi-strategy vault deploying FXRP across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting 3–4% APY. Monarq, the vault’s strategy manager, is a FalconX-majority-owned digital asset manager; the vault runs on Upshift’s institutional vault infrastructure. The cap raise lands days after Flare’s 19 May integration with D’CENT Wallet, which lets XRP holders deposit into MXRPY directly from their hardware wallet using two XRPL signatures via Flare Smart Accounts. Flare is raising the deposit cap on the Monarq XRP Yield Vault (MXRPY) from 500,000 FXRP to 7.5 million FXRP — a 15x increase that reflects unusually strong early demand from XRP holders since the vault launched on 15 May 2026. The expansion comes alongside Flare’s new integration with D’CENT Wallet, which has put the vault within two signatures of hundreds of thousands of hardware wallet users globally.
Why the cap is being raised MXRPY launched with a deliberately conservative initial cap of 500,000 FXRP, giving Monarq Asset Management and infrastructure provider Upshift time to assess flow and validate the vault’s three-strategy execution model in live conditions. The 15x cap raise to 7.5 million FXRP signals that initial demand has comfortably exceeded the launch allocation and that the operating partners are confident the underlying strategy can scale meaningfully.
The expansion also responds to the distribution shift now underway. With XRP holders gaining wallet-native access through D’CENT’s hardware wallet — and additional distribution channels likely to follow through the XRP Alliance — the practical addressable demand for the vault has stepped up sharply over the past two weeks. A 500,000 FXRP cap was never going to be enough to absorb that broader flow.
How MXRPY works MXRPY is a managed multi-strategy yield vault built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It is the first XRP-denominated vault on Flare to combine on-chain DeFi with off-chain execution under a single managed product. Users deposit FXRP — Flare’s trust-minimised representation of XRP — and receive MXRPY receipt tokens representing principal and accrued yield.
Capital is allocated across three return engines: options trading, basis and funding rate arbitrage, and on-chain XRPFi positioning. The target annual yield sits at approximately 3% to 4% APY, with returns distributed over time depending on strategy performance and market conditions. Withdrawals settle on a weekly cycle every Friday, with an option to pay a small fee for instant redemption.
Monarq — majority-owned by FalconX — runs options and basis strategies as part of its core fund book and applies the same playbook to MXRPY, deciding capital allocation across the three sleeves and executing the off-chain trades directly. Flare provides the FXRP infrastructure and distribution; Upshift provides the vault rails.
“The Clearstar EarnXRP vault showed that there is real demand for XRP-denominated vaults on Flare,” said Ethan Luc, head of growth at Upshift, at the MXRPY launch. “Upshift provided the infrastructure behind that launch, and we’re now expanding the model with Monarq, a second XRP vault with a different strategy profile and a broader set of yield sources.”
D’CENT’s distribution role The cap raise is timed to absorb new flow from the 19 May D’CENT integration. Flare Smart Accounts (FSA) now lets D’CENT users deposit XRP into MXRPY directly from their hardware-secured device using just two XRPL signatures, with no new wallet, no new chain, and no FLR gas token to manage. D’CENT reports more than 330,000 hardware users and 720,000+ app users across the US, Korea, UK, Canada and Japan, with billions of XRP held across the base.
The architecture matters because it removes the friction that previously kept XRP holders out of EVM-based DeFi. FSA treats XRPL as the control layer — the memo field on each XRPL transaction encodes what should happen on Flare, and the Flare Data Connector relays a proof of the transaction to a smart contract proxy assigned to that XRPL address. The user never holds FLR, never manages a new seed phrase, and never signs an EVM transaction. Inside D’CENT, the integration appears as a featured application labelled “Idle XRP; Meet Institutional Yield,” with a direct link to the Monarq vault frontend.
The XRP Alliance context D’CENT is the lead wallet partner in the XRP Alliance, a distribution group convened by D’CENT with Flare, Doppler, Banxa and Squid joining at launch. Flare’s role in the Alliance is the programmable layer for XRP — FAssets handles trust-minimised asset representation, FSA handles chain-abstracted execution, and wallet partners handle native distribution. Together the stack is designed to support both retail flows and institutional strategy deployment.
The cap raise lands inside a broader push by Flare to position itself as the default programmable yield layer for XRPFi. Monarq’s decision to pick Flare as the venue for its first publicly distributed multi-strategy XRP vault — and the speed with which that vault has filled — is the institutional validation Flare has been working toward. The 7.5 million FXRP cap signals that next phase: capital rails capable of absorbing genuinely meaningful XRP volume rather than a launch allocation sized for testing.
$55,000 reward campaign continues Flare and D’CENT’s joint promotional campaign continues to run through to 8 June 2026, with a $55,000 reward pool across three independent quests. Quest 3 — the largest, at $40,000 — rewards users who mint FXRP via Flare Smart Accounts, deposit at least $1,000 USD in XRP value into MXRPY, and maintain the position for 30 days. Eligible users earn $10 in XRP and $10 in FLR per $1,000 USD deposited, with per-user caps of $50 in XRP and $100 in FLR.
Quests 1 and 2 cover D’CENT biometric hardware wallet purchase ($50 in XRP, $10,000 pool) and a minimum 250 XRP holding in a D’CENT wallet ($25 in FLR, $5,000 pool). With the vault cap now 15 times larger, the runway for Quest 3 participation has effectively expanded in line with the new capacity.
FAQ How much is the MXRPY deposit cap being raised?
Flare is raising the deposit cap on the Monarq XRP Yield Vault from 500,000 FXRP to 7.5 million FXRP, a 15x increase. The expansion reflects strong early demand from XRP holders since the vault’s 15 May 2026 launch and the new distribution opened up by Flare’s integration with D’CENT Wallet on 19 May.
What is MXRPY and what yield does it target?
MXRPY is a managed multi-strategy XRP yield vault on Flare, built by Monarq Asset Management on Upshift’s institutional vault infrastructure. It deploys FXRP — Flare’s trust-minimised representation of XRP — across options trading, basis and funding rate arbitrage, and on-chain XRPFi strategies, targeting approximately 3% to 4% APY. Withdrawals settle weekly on Fridays, with an option for fee-based instant redemption.
How can XRP holders access the vault?
XRP holders can access MXRPY through Upshift or directly through D’CENT Wallet via Flare Smart Accounts. The D’CENT integration requires only two XRPL signatures from the hardware device, with FXRP minting and vault deposit handled automatically inside the same flow — no new wallet, no new chain, and no FLR gas token required.
The 7.5 million FXRP cap is the most concrete sign yet that XRPFi on Flare is moving past the proving stage into production-scale capital rails. By raising the ceiling in step with the new distribution from D’CENT, Flare and Monarq are betting that meaningful XRP volume is ready to move on-chain when the experience is simple enough — and the early evidence suggests they are right. This article is informational and does not constitute investment advice.
This content is provided by a sponsor. FinanceFeeds does not independently verify the legitimacy, credibility, claims, or financial viability of the information or description of services mentioned. As such, we bear no responsibility for any potential risks, inaccuracies, or misleading representations related to the content. This post does not constitute financial advice or a recommendation and should not be treated as such. We strongly advise seeking independent financial guidance from a qualified and regulated professional before engaging in any investment or financial activities. Please review our full disclaimer for more details.
The rollover was carried out using the open Spectra protocol, which is presently the most popular yield trading venue on Flare Network. Throughout the event, about $4.88 million in liquidity smoothly moved from an expiring pool into a recently established fixed-term market. A structural milestone for decentralized fixed-term markets was reached on June 3 and 4, 2026, when an XRP-denominated yield market on Flare Network successfully completed a fixed-term liquidity rollover without any market disruptions.
Throughout the event, about $4.88 million in liquidity smoothly moved from an expiring pool into a recently established fixed-term market, enabling continuous trading activity throughout the expiration process. One of the first extensive examples of perpetual liquidity infrastructure functioning over a significant fixed-term pool expiration, the rollover was carried out using the open Spectra protocol, which is presently the most popular yield trading venue on Flare Network.
The GamiLabs FXRP MetaVault on Spectra Finance made the rollover possible. Liquidity providers no longer need to manually unwind and redeploy holdings since the MetaVault automatically channels allocated liquidity from expired pools into new pools within predetermined on-chain parameters.
Although they are regarded as an essential part of the onchain financial system, fixed-term markets have typically had structural difficulties upon expiration. These markets’ capacity to compound growth over time has been hampered by liquidity fragmentation, brief trade disruptions, steep TVL decreases, and manual capital movement. The pattern may be handled at scale, as this rollover shows.
“As the largest stXRP pool on Spectra Finance expired on June 4th, around $5 million in XRP-backed liquidity rolled directly into a new stXRP market through the GamiLabs FXRP MetaVault,” said Will Procheska, DeFi Analyst. “Historically, expiry events created friction as liquidity providers manually migrated capital while TVL and market depth took time to rebuild. Through Spectra MetaVaults on Flare, this rollover occurred seamlessly at expiry with no interruption to market activity, allowing the new yield market to launch immediately with deep liquidity and stronger capital continuity. MetaVaults are helping turn XRP-backed yield on Flare into durable onchain financial infrastructure.”
“Fixed-income onchain markets have always struggled with the expiry transition,” said Gaspard Peduzzi, Co-Founder of Spectra Finance. “The MetaVault architecture turns the expiry cliff into a market continuity event. This allows XRP-denominated yield markets on Flare to deepen, resulting in greater trade efficiency, which institutional actors need.”
The organizations responsible for the rollover include Spectra, the permissionless yield trading protocol that powers the liquidity infrastructure, GamiLabs, the curator of the FXRP MetaVault, and Firelight, the issuer of stXRP. The participants are a part of the larger XRPfi ecosystem that is growing on the Flare Network.
The rollover shows how automated liquidity infrastructure may lower operational friction for liquidity providers while supporting continuity in fixed-term DeFi markets. Mechanisms that provide continuous liquidity over expiries are anticipated to become more crucial for institutional-scale involvement as tokenized fixed-income markets continue to develop.
An engineering graduate who is passionate about writing and loves the very existence of crypto. Trading forex currency keeps me busy when I am not writing and analysing the crypto world.
The pool closed with over $25M in four-month volume and had already hit double-digit fixed XRP rates by May, as seen on historical charts.
Flare Network’s XRP-based decentralized finance ecosystem reached a new milestone with an automated liquidity rollover. The process moved over $4 million in capital between fixed-term yield markets without disrupting trading activity.
The rollover took place on June 4, 2026, when the largest stXRP fixed-term pool on Spectra Finance reached maturity. Managed through GamiLabs’ FXRP MetaVault, the process automatically transferred liquidity into successor pools expiring on August 27 and November 26, 2026.
How MetaVaults Managed the stXRP Liquidity Transition MetaVaults were introduced in February 2026 to address operational challenges associated with fixed-term yield tokenization. The system uses a single smart contract to monitor expiries, select new markets, and route liquidity according to predefined on-chain rules.
Under the model, liquidity providers deposit assets once and receive a vault token representing their position. The vault then manages future rollovers automatically, removing the need for users to manually withdraw and redeploy funds whenever a market expires.
The transition addresses a long-standing issue in fixed-term DeFi markets known as the expiry cliff. In many cases, maturing pools lead to fragmented liquidity and reduced market activity as participants move capital into new pools.
During the June rollover, liquidity was already available in the replacement markets before the original pool matured. This helped maintain continuous market depth and avoided the disruption often associated with fixed-term expiries.
The significance of the rollover was amplified by the scale of the maturing market. The stXRP pool recorded more than $25 million in lifetime trading volume during its four-month duration. By May, it was delivering double-digit fixed rates, reflecting sustained activity ahead of expiry.
You may also like: Important Ripple (XRP) Deadline Concerning Many Users XRP’s Price Could Explode to $8, But This One Zone Is Holding It Back 5 Reasons Why Bitcoin Just Crashed Below $63K as Liquidations Top $500M Spectra Finance Yield Infrastructure Spectra Finance remains one of the most active yield trading platforms on Flare, supporting structured yield products through FXRP. FXRP serves as a trustless and overcollateralized representation of XRP within Flare’s FAssets framework.
GamiLabs oversees the FXRP MetaVault, while Firelight issues stXRP used within the ecosystem. Together with Spectra’s protocol infrastructure, these components support a growing market for XRP-denominated yield strategies.
The operational impact of this structure is highlighted by comments from Spectra Finance co-founder Gaspard Peduzzi. According to him, the MetaVault framework turns expiry events into continuous market transitions. He added that this approach could support deeper and more efficient XRP yield markets by reducing operational friction linked to fixed-term maturities.
Cardano’s total value locked dropped close to 30% in June, sliding from $129 million to $92 million — a fall that closely tracks ADA’s own price decline of 27% over the same stretch.
Yet one platform inside the ecosystem is pushing back hard against the idea that the network is finished.
DexHunter, a Cardano-based DEX aggregator, took to X to argue that the blockchain is more alive than ever, citing a sharp spike in trading activity as proof that user engagement remains strong despite ADA’s price weakness.
A Surge, Then A Pullback Daily DEX trading volume on Cardano shot up from roughly 6 million ADA to 25 million ADA across four days, one of the steepest volume increases in recent months.
DexHunter attributed that spike to heavy trading in tokens including NIGHT, STRIKE, and SNEK, as well as stablecoins such as USDCx.
Volume has since retreated to around 7.45 million ADA, down 11% in the most recent 24-hour period.
They say: Cardano is dead
We say: Cardano is more alive than ever$STRIKE$ASCEND$ATLAS$SURF$SURGE
The ecosystem is exploding🤯 pic.twitter.com/aCp8D80jAv
— DexHunter 🏹 (@DexHunterIO) June 6, 2026
Source: DexHunter on X Alongside the volume data, DexHunter shared charts tracking the performance of several Cardano-native tokens. ATLAS rose 18% in a single day.
STRIKE gained 3%. ASCEND added 1.20%. SURF was the exception, falling 2.67% during the same window. Based on that activity, DexHunter declared the ecosystem is exploding.
Broader Headwinds Weigh On The Network The platform’s upbeat take comes against a backdrop of mounting pressure on Cardano. ADA hit a multi-year low of $0.14 earlier this year, and a string of setbacks has fed speculation about the network’s long-term prospects.
Analytics platform TapTools shut down. A major ecosystem contributor exited after declaring bankruptcy.
Input Output CEO Charles Hoskinson stepped back from public engagement for a period, and governance disputes have continued to draw criticism from within the community.
Against all of that, DexHunter maintains the underlying activity tells a different story — one of continued user participation even as ADA’s market performance has disappointed.
ADA market cap currently at $6.06 billion. Chart: TradingView Signs Of Life In A Difficult Market ADA was trading at around $0.16 at the time of writing, still deep in the red compared to levels seen earlier this year.
Whether the recent volume spike reflects a genuine shift in momentum or a short-term burst driven by a handful of tokens remains an open question.
What the data does show is that trading activity on Cardano’s decentralized exchange layer is still moving, even if the numbers have pulled back from their recent peak.
Featured image from Wallpaper Flare, chart from TradingView
The Flare co-founder has welcomed Hoskinson on his return, suggesting that the crypto space would be worse off without Cardano.
Following Cardano founder Charles Hoskinson’s brief break from public activities and his return a few days later, Flare co-founder Hugo Philion has welcomed him back despite their recent public disagreements.
Flare Co-founder Says the Industry Benefits from Hoskinson’s Presence Shortly after Hoskinson became active again on X, Philion shared a message expressing support for his return.
While the two blockchain leaders have recently clashed over issues related to XRP and Bitcoin interoperability, Philion stressed that he still values Hoskinson’s contribution to the crypto industry.
The Flare co-founder explained that he had disagreed with Hoskinson over what he saw as unnecessary duplication of work involving XRP and Bitcoin interoperability.
To him, networks already have access to these capabilities through FXRP and FBTC using Layer-Zero. Despite the disagreement that ensued from his opinion, he recently admitted that the industry remains better with Hoskinson than without him.
Flare Cofounder on X According to Philion, the crypto space would be worse off without Hoskinson, Cardano, and Midnight.
The Disagreement That Put Both Founders at Odds Philion’s remarks came not long after a public exchange with Hoskinson over decentralized finance and Bitcoin-focused blockchain development.
The disagreement emerged early last month when Hoskinson promoted Cardano’s efforts to make Bitcoin programmable through smart contracts. The goal is to allow Bitcoin holders to access DeFi applications, generate yield, and use a range of financial services.
In response, Philion suggested that Flare was already providing the proper solution. He then compared Flare’s progress with Cardano’s. The Flare Labs CEO pointed out that Cardano launched in 2017, giving it nearly a six-year head start over Flare, which launched in 2023.
Despite the advantage, DeFi Llama data showed that Flare had around $159 million in total value locked at the time, while Cardano held around $132 million during the same period.
He argued that Cardano had spent years trying to follow a strategy that Flare had already built around data oracles, FAssets such as FXRP and FBTC, and a unified DeFi layer designed to support XRP, Bitcoin, XLM, real-world assets, and stablecoins.
Hoskinson downplayed the criticism. He suggested that attacking Cardano was an outdated way to gain attention and implied that the comments merely aimed to garner publicity.
Why Hoskinson Took a Break The exchange happened shortly before Hoskinson announced a temporary step back from public engagement.
On June 3, he posted a brief message on X saying he was taking a break and would return later. The announcement followed a video in which he openly discussed several challenges facing the Cardano ecosystem.
Hoskinson’s announcement came during a broader market downturn and was followed by a sharp decline in ADA.
The token fell around 10% shortly after his post and briefly dropped below $0.20 for the first time in more than five years. As market weakness continued, ADA later fell below $0.15.
However, Hoskinson moved to clear up speculation. During a livestream on June 4, he explained that he was not leaving Cardano. Instead, he said he was simply stepping back from videos, interviews, and frequent activity on X while taking time to reflect.
By June 8, Hoskinson had returned to X. He hosted a broadcast focused on his view that Cardano remains the only ecosystem capable of “running the world.” His return prompted Philion’s message of support.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
When Hugo Philion was raising money for Flare, the blockchain network designed to bring smart contract capabilities to XRP and other assets, he kept hearing the same question from venture capitalists. “Why do you want to touch XRP?”
Philion, co-founder of Flare, recalled the reaction that says a great deal about where the smart money stood on XRP at the time and perhaps why the token has spent years trading below what its most devoted supporters believe it deserves.
“Most VCs when I was raising money for Flare were like, why do you want to touch XRP,” he said in a recent interview. “And I was like, I’m sorry you can’t see the opportunity.”
The Opportunity the VCs Missed
Approximately $200 billion worth of XRP assets were sitting largely idle, with no meaningful DeFi infrastructure built around them. No yield mechanisms. No lending markets. No smart contract ecosystem to put that capital to work.
Bitcoin had attracted dozens of teams attempting to solve the same problem, most of them poorly, producing a fractured and underperforming landscape of competing protocols. XRP had attracted almost no one. For Philion, that absence of competition was not a warning sign, it was the entire point.
“Building a new market for an asset that has never had any form of DeFi market before is tough,” he said. “It’s tough to get the wheel starting, but once it does start rotating, it gets its own momentum. And that’s what we’re seeing at the moment.”
Why Philion Is Bullish on XRP
Asked directly about his view on XRP, Philion did not hesitate. Ripple won its legal case against the SEC. The company has since acquired a series of businesses that will use the XRP Ledger as their operational infrastructure. The fundamental case for the asset is stronger today than when Flare began building on top of it.
“There’s more reason to be bullish XRP now than when I started,” he said.
His logic for Flare’s own trajectory is directly tied to XRP’s market cap. A larger XRP market means more capital available to deploy through Flare’s infrastructure, a larger total addressable market and more meaningful yield opportunities for the hundreds of billions in XRP assets currently sitting dormant. If XRP possibly reaches a $500 billion market cap, Flare simply has more to work with.
Story Ends Here
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Ripple CEO Brad Garlinghouse has publicly sided with Flare co-founder Hugo Philion’s comment on Wall Street companies mirroring XRP’s vision. His remark helped recovering the community sentiment as the XRP capitulation dropped amid the recent price decline.
Ripple CEO Backs XRP’s Vision Amid Wall Street Debate In a recent interview, Philion said he’s “always been interested in XRP.” He said Ripple’s strategy for payments has been in the right direction overall. He also said that the company is facing more regulatory issues than issues related to its business model.
Philion cited an important shift in the industry’s perception of Ripple today. He mentioned that some people used to criticize XRP and Ripple for being affiliated with banks and financial institutions.
“When XRP and Ripple kind of started out, they were accused of being the banker coin,” Philion said. He then said that he made a comparison with the state of the crypto market at the present time.
“Now, everyone in the entire industry is desperate to be the banker coin,” he added. Amid this backdrop, it’s worth noting that Ripple and South Korea’s K-Bank recently partnered for blockchain payments, which supports XRP’s vision.
Philion said Ripple has stayed true to its initial objective. “I think they have a good solution,” he stated. He added that the company has “always been relatively true to that solution.” Phillion also said that XRP’s community is one of the loudest in the crypto industry.
An X user later posted the videotaped interview and singled out the Philion quote. The user stated that some of the crypto industry ridiculed XRP’s institutional vision. “They mocked the vision. Now they’re copying it,” according to the post.
Flare founder @HugoPhilion just said it out loud 👀
XRP and Ripple were accused of being the banker coin… now everyone in the entire industry is desperate to be the banker coin.
They mocked the vision. Now they're copying it 🔥$XRP $FLR @FlareNetworks pic.twitter.com/UHQCbR7lbA
— 𝗕𝗮𝗻𝗸XRP (@BankXRP) June 10, 2026
In response, Garlinghouse posted a one-word reply to the original comment as he wrote, “True.” This comment immediately went viral and caught the eye of the XRP community.
About The XRP Ledger’s Upcoming Upgrade The Ripple CEO’s comment coincides with XRP Ledger Foundation planning a June 15 release of its version 3.2.0, This update comes on the heels of a successful launch of the XRPL 3.1.3 version last month. It included fixes and enhancements to NFTs, Multi-Purpose Tokens (MPTs), Vaults, the Lending Protocol, and Permissioned Domains.
One of the main aspects of the upcoming 3.2.0 upgrade is the transition of the core server software from “rippled” to “xrpld.” This change aims to better represent the growing open-source ecosystem that surrounds XRPL.
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Ripple CEO Brad Garlinghouse has joined an ongoing discussion within the XRP community regarding recent comments from Flare co-founder Hugo Philion.
Philion argued that Ripple and XRP were once criticized for targeting banks and payment providers. Today, however, much of the crypto industry is pursuing the same strategy.
He shared this view during a recent interview with AllInCrypto. XRP community figure BankXRP later shared clips from the interview on X. Garlinghouse responded to the post with a brief comment: “True.”
Philion Says the Industry Has Moved Toward XRP’s Vision During the interview, Philion said he had long been interested in XRP because of its focus on solving real-world payment problems. In his view, Ripple’s payments strategy has largely been on the right track despite years of regulatory challenges.
He also pointed to a major shift in industry sentiment. In XRP’s early years, critics often labeled it the “banker coin” because of Ripple’s focus on financial institutions.
Today, Philion noted that many blockchain projects are trying to build relationships with banks, payment companies, and other traditional financial players. As a result, criticism once directed at XRP now appears ironic.
According to Philion, Ripple has remained relatively consistent with its original goals. Meanwhile, the crypto industry has gradually moved toward the same opportunity.
Garlinghouse Backs the View Garlinghouse responded with “True,” a one-word reply that endorses Philion’s assessment. Supporters argue that Ripple’s focus on institutional adoption and cross-border payments was ahead of its time.
Meanwhile, Australian lawyer and XRP supporter Bill Morgan also weighed in on the discussion. Morgan highlighted what he sees as another contradiction in the criticism surrounding Ripple. He noted that the company has been criticized both for holding large amounts of XRP and for selling portions of its holdings.
His comments suggested that Ripple has often faced criticism regardless of how it manages its XRP reserves.
Not to mention criticizing Ripple for holding too much XRP and then criticising it when it sells XRP.
— bill morgan (@Belisarius2020) June 10, 2026
Why Flare Built Around XRP Philion also explained why XRP became a key focus for Flare. According to him, XRP was a natural starting point for the network’s development. He believed the asset represented a major opportunity that many investors and venture capital firms failed to recognize.
Philion recalled that some investors questioned Flare’s decision to focus on XRP. However, he argued that they underestimated the scale of the opportunity.
He pointed to the large amount of capital held by XRP investors and said those assets needed more utility beyond simple transfers and long-term holding.
Expanding DeFi for XRP Holders Rather than targeting Bitcoin first, Flare chose to focus on XRP because it lacked a meaningful decentralized finance ecosystem, Philion said. Building a DeFi market around XRP was not easy. Still, he believes the effort is beginning to gain traction.
His comments are part of an ongoing push within the XRP ecosystem to expand utility beyond payments. Projects such as Flare are working to bring DeFi services to XRP holders and create new use cases for the asset.
Flare’s FXRP initiative launched in 2025 and has continued to reach new milestones, including nearing 200 million circulating tokens.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
Flare Network [FLR] rallied 6.67% in the past 24 hours, and the trading volume picked up by 181%. The altcoin has surpassed the $0.0072 local supply zone. The current move has the potential to climb another 16%-25%.
In a post on X, Flare Network announced that the omnichain deployment of Tether [USDT], USDT0, was accessible as a yield through Superform.
The announcement coincided with the price bounce, but the move was unlikely to be sustained. From a technical perspective, the Flare token’s higher timeframe trend remained unchanged.
Marking the bullish price targets of a potential bounce Source: FLR/USD on TradingView On the 1-day chart, the swing structure remained clear. It was bearishly poised, with the previous swing low at $0.00725 (white). This level was breached on Tuesday, the 2nd of June.
FLR fell to a new low of $0.00648. The bounce in recent days, including the gains of the past 24 hours, was part of a minor bounce from overextended bearish conditions.
The RSI had fallen below 30 in early June, signaling oversold market conditions. The OBV was also making a series of lower lows in recent weeks.
The structure was bearish, but the market can’t trend downward forever. Relief rallies are part of a healthy market. The latest structural break came from the $0.01 swing high. Therefore, it was used to plot the Fibonacci retracement levels (orange).
Using these levels, the aforementioned 16%-25% rally potential was determined, as the bounce can technically reach $0.0087-$0.0093.
This is not the time to go long Source: FLR/USDT on TradingView The higher timeframe swing level at $0.00725 coincided with a key lower timeframe support/resistance area. This area has been contested since the beginning of June. Recent price action saw this area flipped to support once again.
Intraday traders and scalpers can use the short-term momentum to their advantage, but swing traders and investors must remember that the higher timeframe Flare trend was bearish.
Selling it near key resistance zones was a surer bet than buying the relief rally, expecting a certain amount of gains.
Final Summary The Flare bounce of 6% in a day came alongside a sizeable increase of 181% in daily trading volume. The $0.00725 local resistance zone was breached, and there is potential for the price uptick to extend another 16% to 25%.
Ripple has highlighted the growing utility of XRP, with Flare co-founder and CEO Hugo Philion explaining how Flare is giving XRP holders access to new use cases.
Speaking on Ripple’s Onchain Economy series, Philion said Flare aims to extend the XRP ecosystem by bringing XRP into a smart contract environment. This allows XRP holders to access decentralized finance (DeFi) applications and other blockchain-based services.
Flare Connects XRP to Smart Contracts Philion described Flare as a Layer-1 network focusing on interoperability and data protocols. One of its key products is FXRP, a bridge that connects the XRP Ledger to the Flare network.
Through FXRP, XRP can be used in smart contract applications. This opens the door to DeFi services that are not available directly on the XRP Ledger.
For example, users can use XRP as collateral, borrow against it, access stablecoins, and interact with tokenized assets. These assets can include commodities such as gold and other real-world assets.
According to Philion, these tools allow XRP holders to do more with their tokens instead of simply holding them.
Given this utility, FXRP has gained wide acceptance in the crypto community. The most recent data show that FXRP has a circulating supply of 155.76 million and a TVL of $186 million.
New Yield Opportunities for XRP Holders Philion also highlighted yield generation as an important use case. Through Flare, users can deposit XRP as collateral to borrow stablecoins. They can then deploy those stablecoins into other markets that offer returns.
This approach allows users to earn yield while still maintaining exposure to their XRP holdings.
Flare has also integrated wallet features that let users manage XRP on Flare directly from the XRP Ledger. Philion said this creates a smoother experience between the two networks.
Privacy May Drive Institutional Adoption Looking ahead, Philion discussed a new initiative called Flare Confidential Compute.
The system operates outside the blockchain and uses trusted execution environments to verify confidential computations. It is designed for applications that require significant computing power, such as AI models and continuous risk-monitoring systems.
Philion believes privacy will be an important requirement for institutional participation in blockchain networks. He previously noted that FXRP surpassed 100 million in supply solely through retail, without institutional participation.
Flare Sees Growth Potential in Tokenized Assets Philion said Flare’s technology significantly expands the capabilities of Ripple and the XRP Ledger, especially in the real-world asset (RWA) sector.
He noted that once RWAs are issued on blockchain networks, Flare’s interoperability and smart contract tools can unlock additional functionality for those assets.
According to Philion, this could become a major growth area for both Flare and the XRP ecosystem as demand for blockchain utility continues to increase.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
XRP holders are among some of the most fanatical and enthusiastic cryptocurrency users around, but until recently the rise of decentralized finance has left them behind. However, with the launch of Flare Smart Accounts earlier this year, XRP native yields have exploded beyond what anyone could have imagined just a few months earlier.
For years, XRP’s ecosystem was largely left on the DeFi sidelines. While it has long held massive amounts of liquidity, much of that capital has been sitting idle, with XRP fanatics seemingly content to wait for the cryptocurrency’s long-promised potential to be fulfilled. The reason is that Ripple’s blockchain ecosystem has always been siloed from the broader crypto economy due to its focus on fast, low-cost institutional payments, which came at the expense of developing the complex smart contracts needed for lending, borrowing and yield generation.
Flare Network’s intervention has therefore proven to be a game-changer. By introducing a streamlined bridging experience to XRP holders, it has driven massive growth in XRP-based yield generation, underscoring not only the demand for DeFi among Ripple’s fanbase, but also the potential for decentralized networks to enhance financial opportunities.
How did Flare unlock XRP’s DeFi potential? If we’re to understand what’s driving the newfound appetite for yield among XRP holders, it’s necessary to look at what Flare Network has done. Flare is an EVM-compatible blockchain that provides oracle-like capabilities. It’s focused on expanding the utility of third-party blockchain networks by enabling them to securely access off-chain data in a decentralized way. By utilizing native protocols such as the Flare Data Connector, it acts as a bridge between isolated blockchain ecosystems and the real-world, relaying information between them.
This is what makes it so useful for the XRP ecosystem. Flare’s integration is centered on an ERC-20 token called FXRP, which is a kind of FAsset that represents native XRP within the broader Ethereum ecosystem. It’s an overcollateralized asset that’s similar to something like “Wrapped Bitcoin,” and provides a way for XRP token holders to explore the broader DeFi economy without having to sell their holdings.
Instead of using trusted third-party custodians, FXRP is backed by Flare’s FAssets system, which uses Flare’s data proofs to verify XRP ledger transactions. It makes it possible for XRP to function on any EVM-compatible blockchain, unlocking access to lending protocols, yield-bearing vaults, liquidity pools and other yield-generating opportunities, with users able to cash out and redeem their native XRP at any moment.
The real catalyst for XRP’s 2026 yield tsunami wasn’t FXRP itself, but a newer innovation called Flare Smart Accounts or FSAs, which dramatically simplified the process of exchanging XRP to FXRP and jumping into the DeFi ecosystem.
Thanks to its native integrations with XRP wallets like Xaman and D’CENT, the user experience is much simpler. Before FSAs, XRP holders looking to earn DeFi yield had to be pretty sophisticated crypto users. They’d need to create an EVM wallet, generate and secure a seed phrase for it, then acquire the native tokens of that wallet so they could pay transaction fees. Once ready, they’d then have to navigate complex bridging interfaces to swap their XRP for FXRP tokens.
With FSAs, most of that friction disappears. FSAs are an example of an intents-based solution. The user simply makes clear their intent – such as to send XRP to a specific DeFi protocol, such as Uniswap. The FSA understands what they’re trying to accomplish, and abstracts away all of the complexity involved in the above process. So when a user confirms a transaction, the proof is verified by the Flare State Connector, and their corresponding smart account automatically executes all of the steps involved to achieve the desired result.
In this way, FSA allows XRP holders to directly access institutional-grade yields within Flare’s DeFi ecosystem, with zero hassles like before. There’s no need to set up and secure a new wallet, no new blockchains to navigate and no need to stock up on the other network’s native gas token. Best of all, the user always retains full self-custody of their funds, with their FXRP anchored to the original XRP ledger.
A deluge of FXRP deposits The ability for XRP holders to easily tap into rewards-generating DeFi has been extremely well received, with an explosion of activity and FXRP yield generation in the last few months.
Flare’s integration has demonstrated an enormous appetite for XRP users for DeFi, with the total amount of FXRP tokens deployed in various decentralized protocols increasing by 70%, from 85 million to more than 143 million, since the launch of smart accounts in February. Even more impressive, there are 38 million XRP tokens now generating yield via Flare’s Xaman and D’CENT wallet integrations. With those wallets, users can now start earning rewards on their XRP with just a couple of clicks.
— Flare ☀️ (@FlareNetworks) June 10, 2026 D’CENT’s integration has proven to be the main driver of XRP’s DeFi growth spurt. It offers users an intuitive and highly secure UI, and its users are responsible for 96% of all deposits into the Monarq XRP vaults launched at the same time as Flare’s smart accounts. In fact, the demand significantly outstripped Flare’s and Monarq’s expectations, forcing them to raise the vault’s limits from an initial 500,000 FXRP to 8.5 million just three weeks after its launch.
Access is all DeFi needs Flare’s experiment has uncovered a huge enthusiasm for DeFi within the XRP community. While many had assumed that Ripple fanatics were satisfied with just slowly increasing their stacks of XRP, the reality is that many were simply unwilling to navigate the complexity required to bridge their tokens to DeFi-focused blockchains. With Flare finally breaking down the cross-chain interoperability barrier between XRP and the EVM ecosystem with a simple, intents-based alternative that lives within their existing wallets, users have flocked to invest their assets.
The success of this initiative also highlights the vast potential that increased blockchain interoperability can unlock. To achieve true interoperability, it’s not enough to just wrap tokens and move them from one ecosystem to another. It’s necessary to obscure the underlying infrastructure and fiddly smart contract interactions altogether – so that all users have to do is click to deploy. When users no longer even need to care about what network their tokens are living on, a deluge of DeFi adoption is likely to follow. After all, who doesn’t want to put their hard-earned capital to use making a passive income?
Flare Smart Accounts have proven to be a game-changer for XRP’s utility, paving the way for the massive liquidity locked up in the industry’s fifth most valuable token to invest in programmable finance. It’s yet another proofpoint that the more the blockchain industry does to eliminate user friction, the faster it will grow.
