TLDR: RedSonic Vault lost 9.25 ETH after an attacker exploited a dual-asset pricing flaw entirely. A permissionless registerErc20 function let the attacker add a second, conflicting stETH share class. The attacker flash-loaned 1,139 WETH from Balancer and needed zero starting capital of their own. ExVulSec traced the full exploit, including the Curve swap and the final loan repayment step. A flash loan attacker drained 9.25 ETH from Ethereum’s RedSonic Vault in a single transaction. Blockchain security firm ExVulSec identified the exploit and published a full technical breakdown.
The attacker manipulated a permissionless asset-registration function to double count the same underlying collateral. On-chain records show the entire operation executed inside one self-contained transaction.
How the RedSonic Vault Exploit Unfolded The attacker flash-loaned 1,139 WETH from Balancer to fund the entire operation. No upfront capital of their own was required.
RedSonic’s vault prices its rsvETH shares through a function called getTotalAssetBalance. For the Lido position, that function reads the vault’s raw stETH balance directly.
That design choice became the exploit’s foundation. Share prices tied directly to a raw balance can shift if that balance changes unexpectedly. No corresponding shares need to be minted or burned.
The vault’s registerErc20 function carried no access restrictions, according to ExVulSec. Anyone could register a brand new asset class inside the vault.
The attacker registered stETH as a second asset, creating a class called rsvstETH. Both share types then drew from the exact same underlying stETH balance.
The exploit contract self-destructed once execution finished. Security researchers note that self-destructing contracts often complicate later on-chain tracing efforts.
Flash loans let borrowers access large sums without posting collateral, provided the loan gets repaid within the same transaction. Attackers commonly use this mechanism to fund exploits that would otherwise demand substantial capital.
🚨 ALERT — Exploit on Ethereum @reddio_com RedSonic Vault was drained for ~9.25 ETH. A no-capital attacker flash-loaned 1,139 WETH from Balancer, inflated the vault's share price, and cashed out. The exploit ran inside a self-destructing contract's constructor.
Root cause:
the…
— ExVul (@exvulsec) September 5, 2026
RedSonic Vault Exploit Exposes a Dual-Asset Flaw The attacker deposited 1,130 ETH first, acquiring close to 99% of all outstanding rsvETH shares. That position set up the rest of the exploit.
Next, the attacker deposited 9.34 stETH directly into the vault. That single deposit inflated the stETH balance without minting any new rsvETH shares.
Because rsvETH pricing reads the raw stETH balance, the extra deposit pushed the share price higher artificially. The attacker’s existing rsvETH holdings gained value instantly as a result, without any new rsvETH being issued.
The attacker then redeemed rsvETH for 1,139.5 ETH, according to ExVulSec’s transaction analysis. That single redemption produced the full 9.25 ETH profit.
The same attacker also redeemed the rsvstETH shares for stETH separately. The identical underlying collateral effectively paid out twice from one shared, pooled vault balance.
ExVulSec reported that the recovered stETH was swapped for ETH on Curve. The attacker repaid the Balancer flash loan within that same transaction.
Etherscan data lists the attacker’s wallet as 0x70f2333d21Ed7E7D105F6578227A9A747687982C. The RedSonic Vault contract itself sits at 0x4315990d9eeaffdfafd49958b4851f203fa1126f.
The attack transaction carries the hash 0xe3cba90e865c6cba950ebce36a52607f51f1fd33cd9fb920c78803f19b57791a. It remains publicly viewable on Etherscan for anyone verifying the exploit’s details.
Chainalysis has added support for HyperEVM, the Ethereum-compatible smart contract environment on the Hyperliquid Layer 1, the blockchain analytics firm announced on September 3, 2026. The integration brings Chainalysis’s compliance and investigation tooling to Hyperliquid’s growing onchain ecosystem, letting customers monitor activity across the network’s native token and the applications deployed on top of it. The announcement is the latest chain-coverage expansion from the analytics firm, which routinely adds automatic token support for emerging networks.
Automatic Coverage for ERC-20 and ERC-721 Tokens Support extends well beyond the native HYPE token. Chainalysis said it will automatically add coverage for new fungible and non-fungible tokens deployed on HyperEVM that follow major standards such as ERC-20 and ERC-721. Because fresh tokens are minted on the network daily, the firm’s platform now ingests them without manual intervention, closing the gap between a token’s launch and its availability for screening. Customers can run Know Your Transaction (KYT) checks with actionable alerts and continuous monitoring, and the same coverage is wired into Chainalysis’s entity screening products and Reactor, its flagship investigations tool. That lets analysts track fund flows across HyperEVM tokens, investigate transactions, visualize money movements, and identify potentially illicit activity.
Where HyperEVM Fits in Hyperliquid HyperEVM is Hyperliquid’s Ethereum-compatible execution environment. It lets developers port Ethereum-based applications onto the Layer 1 while still connecting to HyperCore and the wider Hyperliquid ecosystem, effectively extending the chain beyond its high-throughput perpetuals venue. For a compliance provider, that compatibility carries practical weight: the token standards and smart-contract patterns investigators already know from Ethereum now apply to Hyperliquid’s chain, so fund-flow tracking and transaction investigation work through familiar interfaces rather than bespoke tooling.
Compliance Infrastructure Catches Up to a Busy Network The move arrives as Hyperliquid draws attention from developers and enforcement alike. Arkham recently reported that the Lazarus Group sold more than $30 million in bitcoin on Hyperliquid, underscoring why monitoring tools for the network matter. Separately, the Hyperliquid Policy Center has asked the CFTC to allow energy perpetual contracts in the U.S., a sign that the platform’s regulatory footprint is expanding as quickly as its trading activity. By extending coverage now, Chainalysis positions its customers to screen an ecosystem that is still adding tokens and use cases by the day.
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A vulnerability in the RedSonic Vault on Ethereum enabled an attacker to drain 9.25 ETH using a complex flash loan exploit in a single transaction. Blockchain security firm ExVulSec identified and analyzed the incident, outlining how the vault’s dual-asset pricing flaw was entirely compromised.
Flash loan powers single-transaction exploitThe attacker launched their operation by borrowing 1,139 WETH from Balancer through a flash loan, which allowed the necessary capital without tying up their own funds. Flash loans are commonly used in decentralized finance (DeFi) to borrow significant sums, as long as the funds are returned within the same transaction, making them useful for both legitimate arbitrage and malicious exploits.
ExVulSec reported that the vulnerability lay in the RedSonic Vault’s registerErc20 function, which carried no access restrictions. This made the function permissionless, enabling anyone to register a new asset or share class within the vault, undermining protection against unauthorized manipulations.
By leveraging this function, the attacker registered stETH as a second asset under a new share class called rsvstETH. This setup allowed both rsvETH and rsvstETH shares to draw value from the same underlying stETH balance.
ExVulSec traced the operation in detail, showing that each step from the asset registration to the unwinding of the flash loan was performed within a single, self-contained blockchain transaction. The malicious smart contract used for the exploit self-destructed at the end of execution, a tactic often used to hinder post-incident on-chain tracking.
Mini dictionary: ExVulSec – A blockchain security research group specializing in post-mortem analysis of smart contract exploits and real-time incident response for DeFi vulnerabilities.
Vault pricing flaw allows double withdrawalThe exploit began when the attacker deposited 1,130 ETH to obtain nearly all of the rsvETH shares in the vault. This move positioned them to benefit from further manipulations in the vault’s asset balance.
Subsequently, the attacker deposited 9.34 stETH, which increased the raw stETH balance in the vault but did not mint new rsvETH shares, a result of how the pricing function getTotalAssetBalance was designed. Since rsvETH share price was tied to the raw balance, this action artificially inflated the share value.
With the rsvETH price boosted, the attacker redeemed their shares to receive 1,139.5 ETH, effectively extracting the profit. They also redeemed the newly created rsvstETH shares for stETH, exploiting the vault’s dual-asset mechanism to perform a double withdrawal against the same underlying collateral.
StepActionResult1Flash loan 1,139 WETH from BalancerSecured capital for exploit2Deposit 1,130 ETHAcquired nearly all rsvETH shares3Register stETH as new share class (rsvstETH)Enabled dual access to same collateral4Deposit 9.34 stETHArtificially inflated rsvETH price5Redeem rsvETH for ETHExtracted 1,139.5 ETH6Redeem rsvstETH for stETHDouble withdrawal from same pool7Swap recovered stETH for ETH on CurveFinalized profits8Repay Balancer loanSecured 9.25 ETH net profitExVulSec’s investigation revealed that the attacker inflated the vault’s share price by artificially increasing the stETH balance, then redeemed both the original and duplicate shares for separate withdrawals from the same collateral pool.
After securing the funds, the attacker used Curve, a decentralized exchange protocol known for efficient stablecoin and token swaps, to exchange stETH back to ETH and repay the original Balancer flash loan, wrapping up the attack in one transaction.
The attack was publicly documented, with the main transaction traceable on Etherscan under the hash 0xe3cba90e865c6cba950ebce36a52607f51f1fd33cd9fb920c78803f19b57791a. Key contracts and wallets involved include the RedSonic Vault contract at 0x4315990d9eeaffdfafd49958b4851f203fa1126f and the attacker’s wallet 0x70f2333d21Ed7E7D105F6578227A9A747687982C.
ExVulSec cautioned that self-destructing exploit contracts complicate subsequent forensic reviews, as they erase on-chain code references immediately after the attack completes.
Investigators detail that both the initial deposit and asset registration combined with a flash loan enabled the attacker to fully extract and swap their gains before contract self-destruction obscured further evidence.
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.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Dogecoin completed a golden cross on its short-term charts, with focus now shifting to a major on-chain support, which could act as a launchpad for DOGE price, where 35 billion DOGE were previously traded.
The 50 MA on the hourly chart rose above the 200 MA, creating a golden cross, as price reversed a drop from the previous day following a stronger-than-expected jobs report. Nonfarm payrolls jumped by 162,000 in August, well ahead of the consensus for 53,000; traders subsequently raised bets on a potential hike at the Fed's policy meeting this month.
DOGE/USD Hourly Chart, Image By TradingViewAt the time of writing, Dogecoin was trading up 4.30% in the last 24 hours to $0.0877 and 2.57% weekly.
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35 billion DOGE support comes into focusAnalysts highlight the $0.0813 support level as being key to watch for Dogecoin. According to Ali Martinez, a crypto analyst, recent whale accumulation has reinforced this major on-chain support floor where almost 35 billion DOGE were previously traded.
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Dogecoin tested near this level on August 3 when it fell to a low of $0.081, and it subsequently rebounded sharply to a high of $0.089, confirming demand near the $0.081 level.
According to Ali, as long as this level holds, the bullish setup remains intact, with $0.1552 and $0.1774 as the next upside targets.
The emergence of a morning doji star on Dogecoin's daily chart is sparking attention. This bullish reversal pattern typically develops near the end of a downtrend, signaling that selling momentum may be fading as buyers step in.
Dogecoin's bull flag pattern projects a move toward $0.12, while also aligning with multiple bullish signals developing on the higher timeframes.
In the meantime, an immediate short-term barrier is seen at the $0.088 level, which coincides with the daily MA 20. A breakout past this level might cause Dogecoin to reach $0.10, moving DOGE closer to the $0.10 psychological level.
Dogecoin delivered a technical signal known as a golden cross on its hourly chart, capturing the attention of traders and analysts amid growing momentum. This development shifts focus to a significant on-chain support level, which has been reinforced by recent whale accumulation and could serve as a vital base for DOGE’s next move.
Golden cross and key technical levelsThe 50-hour moving average crossed above the 200-hour moving average, generating the golden cross shortly after Dogecoin reversed losses seen the previous day. This turnaround followed the release of a stronger-than-anticipated US jobs report that showed nonfarm payrolls increased by 162,000 in August, well above the consensus estimate of 53,000. The positive labor data prompted traders to increase expectations of a possible interest rate hike at the Federal Reserve’s upcoming meeting.
Dogecoin climbed 4.30% over the past 24 hours to reach $0.0877, and has risen 2.57% on a weekly basis. The move has put DOGE in a technically robust position, with market participants closely observing whether this momentum can persist.
Analysts have identified the $0.0813 area as a critical support zone for Dogecoin. Crypto analyst Ali Martinez stated that “whale accumulation has strengthened this major on-chain support floor, where nearly 35 billion DOGE were previously traded.”
Dogecoin rebounded swiftly from the $0.081 level after testing it on August 3, surging to a high of $0.089. This move confirmed considerable buying interest near the on-chain support, reinforcing its importance for future price action.
Bullish chart patterns and next targetsAccording to Ali Martinez, as long as Dogecoin maintains support above $0.0813, bullish momentum remains in play, with potential upward targets at $0.1552 and $0.1774. The daily chart has shown a morning doji star, a bullish reversal pattern that typically appears toward the end of a downtrend. This signal suggests weakening selling pressure and growing buying activity.
Dogecoin’s price structure has also formed a bull flag pattern, which provides a projected move toward $0.12. Multiple technical signals continue to develop across higher timeframes, further boosting the case for a possible upward breakout.
Technical signals suggest that a breakout past the $0.088 barrier, aligning with the daily 20-period moving average, could open the door for Dogecoin to test the key $0.10 psychological threshold in the near term.
Market context and smarter trading approachesShort-term resistance looms at $0.088, but surpassing this level may create space for a push toward $0.10 and beyond. With volatility often triggered by critical events like Federal Reserve decisions or surprise altcoin listings, industry participants increasingly seek solutions that streamline their market monitoring and analysis.
In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, you get real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
As Dogecoin sets its sights on higher resistance levels and traders analyze the evolving technical environment, market participants continue to monitor whether ongoing support and accumulation will be sufficient to trigger the next significant move.
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.
Cardano (ADA) price is up slightly by 0.7% today, September 5, to trade at $0.21 at the time of writing. This slight gain follows a surge in network activity, with DeFiLlama showing that DEX volumes on Cardano have increased three-fold. Meanwhile, an analyst has mapped Cardano’s path to $2.90.
Analyst Predicts ADA’s Move to $2.90 One analyst on X notes that the price of Cardano could post a 14 times gain in price that could push it from its price of $0.21 at the time of writing to $2.92.
The analyst noted that he believes the bottom could be in, and Cardano could be gearing up for a sizable move on the upside despite the ongoing concerns around interest rate hikes.
Crypto traders are currently pricing in the decision of the Federal Reserve at the next FOMC meeting that will occur on September 16. 50% of traders are expecting the Fed to hike interest rates by 25 basis points during that meeting, per data from CoinGape prediction markets.
Source: CoinGape Prediction Markets However, BlackRock’s portfolio advisor says that he does not expect a 25 basis point hike to have a major effect on risk assets; hence Cardano price could defend the support at $0.20 after that monetary policy decision.
Cardano DEX Volumes Jump 3X to $7M Data from DeFiLlama shows that the DEX volumes on Cardano have increased three times, from $2.01 million to $7.28 million. The surge points towards an increase in network activity because the decentralized finance (DeFi) TVL is also tipping north.
The TVL has also increased from 268.47 million ADA on August 28 to 299.81 million ADA, suggesting that the network has added 31.34 million ADA coins in less than two weeks.
Cardano DeX Volumes The rising TVL comes shortly after DeFi platform RealFi announced that it will be launching on the Cardano network on October 1.
Still, DeFiLlama shows that the market cap of stablecoins available on Cardano has dropped from $67.95 million to $63.97 million.
ADA Price Prediction as Uptrend Holds The price of Cardano has been moving within a rising parallel channel since June, suggesting that the altcoin remains in an uptrend despite multiple drops to test support.
ADA is now attempting to make another higher high and break out of the channel’s resistance at $0.22, with that move set to confirm that the long-term Cardano outlook is bullish.
The MACD line that is positive and moving above the signal line suggests that the momentum is favoring bulls, and Cardano could move to $0.22.
The AO bars that are also green and rising in length show that bulls are tightening their grip, and this could not only push Cardano to $0.22, but also extend the uptrend to the psychological resistance of $0.25.
Cardano Price Chart (Source: TradingView) However, if this uptrend fails, Cardano’s price might drop below the support at the midline of the rising channel and reach $0.17.
Changpeng Zhao expects the bets YZi Labs made over the past few months to become its best performers. The Binance founder credits the timing, because the firm invested while crypto prices sat near their lows.
His optimism is directly tied to the deployment of his private billions. In fact, YZi Labs is the family office that manages his personal wealth.
Why CZ Thinks His Firm’s Timing WorksHis comment sat on top of a summary of an August 28 book club session in Hong Kong. Zhao told the audience that money rushing into artificial intelligence (AI) is filtering out short-term crypto teams.
He has also argued that AI money rotating back into digital assets is already underway.
I strongly believe the YziLabs investments over the last few months will be some of the best performing because those investments were done during the depth of the crypto winter. https://t.co/D6exzyfyTF
— CZ 🔶 BNB (@cz_binance) September 4, 2026
The winter framing has support. Bitcoin had fallen 47% from its peak by early June, a slide that fueled a coldest crypto winter debate. Prices have since clawed back ground, yet they remain far under the October high.
What YZi Labs Has Backed This YearYZi Labs runs more than $10 billion for Zhao and Binance co-founder Yi He. It grew out of Binance Labs, the exchange’s former venture arm, and now invests independently. Its 2026 deals stretch well past crypto, into robotics, AI payments, and custody.
YZi Labs investments made during the 2026 crypto winter. Source: BeInCryptoThe biggest disclosed check went to robotics. YZi Labs led a $52 million round in RoboForce in March, a company building physical AI systems. It also bought into digital asset custodian BitGo before the January NYSE listing.
Smaller bets followed. In April, the firm added to its position in prediction market Predict.fun alongside Susquehanna Crypto. It then led an $8 million pre-seed round for the payments protocol AEON in May, and it backed the fixed-rate lender TermMax in August.
Zhao published no returns data, however. The claim therefore stays untested. Meanwhile, YZi Labs spent much of the year fighting for control of BNB treasury firm CEA Industries. A director resigned in March, and both sides reached a settlement in June.
Bitcoin’s next leg will decide whether the timing looks smart. Zhao has separately said that a $1 million bitcoin could arrive sooner than most expect. Current Bitcoin price levels leave him a long way from that mark.
BNB just touched $770 for the first time since early February. Here's why.
Binance Coin is among the top performers in the past 24 hours in the altcoin space, surging by over 6% and further extending its lead above XRP in terms of market cap placement.
This impressive rally on a rather dull Saturday after the Friday market rejection came following some positive news from Kalshi and the overall growth of the BNB Chain.
BNB Pops The native token of the broader Binance ecosystem traded at $725 yesterday amid the market-wide revival that drove BTC to $82,400. However, the subsequent retracement prompted by the strong US jobs report pushed it south to $710. The asset found solid support there and exploded out of the gate, surging to $770 minutes ago for the first time since early February.
BNBUSD on TradingView This Saturday’s rally is quite unexpected since most of the market is still in the red following yesterday’s bad news for risk-on assets. As such, the reason for BNB’s defiance is likely coming from outside factors, such as Kalshi’s move to launch perpetual futures contracts for the asset in the US, regulated by the Commodity and Futures Trading Commission.
Leverage is capped at around 4.5x for eligible US traders and comes after the platform added support for other altcoins such as ADA, AAVE, WLD, and VVV. Kalshi also supports BNB Smart Chain (BSC) integrations for managing deposits and withdrawals on international accounts.
BNB Chain Growth The other probable reason comes from a Grayscale report cited by Wu Blockchain. As explained, BNB Chain is among the most widely used networks for trading tokenized equities.
The paper reveals that the weekly spot volume peaked at almost $3 billion in August, while only 5% of the market is currently deployed in on-chain finance. Robinhood Chain leads the pack, followed by BNB Chain and Solana.
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CZ: Kyrgyzstan has established a cryptocurrency regulatory framework, and the stablecoin KGST has started circulating.
Binance founder Changpeng Zhao (CZ) announced in a post that he attended the third official meeting of Kyrgyzstan’s National Crypto Commission today, chaired by Kyrgyz President Sadyr Japarov. The meeting discussed topics including crypto regulatory frameworks, compliance, anti-money laundering (AML), anti-fraud, stablecoins, and asset tokenization—with a specific pilot project also covered in the tokenization sector. CZ noted that Kyrgyzstan’s crypto industry has made "real progress". Just about a year ago, a crypto regulatory framework was still just a concept in the country; now, Kyrgyzstan has established such a framework, opened local banking channels to serve crypto trading platforms, and its stablecoin KGST is already in market circulation.
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Muse Spark 1.3 Max is officially launched: The most powerful reasoning tier is finally available.
Beating AI News Flash: Meta has officially launched Muse Spark 1.3 Max, the highest inference intensity variant of Muse Spark 1.3. When Muse Spark 1.3 was first released, the Max version was still undergoing additional security testing and only available as a preview to a small number of partners. Now that security testing is complete, it can be directly used in Muse Code and Meta Model API. Meta’s Chief AI Officer Alexandr Wang stated that Max is significantly more capable than the High and XHigh variants in programming and agent tasks. In Artificial Analysis’ Coding Agent Index, Muse Code paired with Muse Spark 1.3 Max scored 68 points, placing it in the first tier.
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XDOF, which made its debut only three months ago, is now racing to secure Series B funding at a valuation of $1.2 billion.
According to multiple people familiar with the matter, XDOF, a startup focused on collecting real-world remote operation data to train general-purpose robots, is in late-stage negotiations for a Series B round less than three months after emerging from stealth mode. The company is valued at approximately $1.2 billion, with 8VC leading the financing round. XDOF was co-founded in 2024 by University of California, Berkeley researchers Philipp Wu (CEO) and Fred Shentu (CTO). The startup previously closed a $70 million Series A round, with investors including Thrive Capital, Andreessen Horowitz, Lux, and Spark Capital. XDOF had not planned to raise additional capital so quickly after its Series A, but sources said the company’s rapid business growth—with annualized revenue approaching $50 million—attracted multiple venture capital firms to proactively reach out and push for a new funding round. TechCrunch has not obtained the specific amount of funding in this round, nor can it confirm whether the aforementioned $1.2 billion valuation includes new financing. Sources noted that the deal terms have not been finalized and could still change.
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BNB rises to $770, surging over 8% in 24 hours.
According to HTX market data, BNB has risen to touch $770, currently trading at $769.91, with a 24-hour increase of 8.2%.
The largest meme coin by market cap has soared on Saturday evening to $0.094, hitting a two-week high. The move is rather unexpected given the typically calm nature of the weekends.
However, there were certain signs about a potential rally, even though DOGE has slipped from its local high to $0.09 as of press time.
DOGEUSD on TradingView CryptoPotato outlined yesterday the three major signals that flashed for DOGE, including the TD Sequential. Analysts quickly determined that the OG meme coin is primed for another leg up.
However, that didn’t transpire at first, as the asset was rejected at $0.088 and slipped back down to $0.084 as the entire market bled following the strong US jobs report, which was considered bearish for risk-on assets.
Nevertheless, DOGE exploded on Saturday evening, gaining 12% from its low yesterday to the two-week high at $0.094. Popular analyst CW noted that the meme coin has reached the first major sell wall on its path forward, which is too solid to be broken now. If it falls, though, the next such wall sits all the way up at $0.14.
Fellow analyst Alex Marzell believes DOGE did “exactly what it needed to,” as it rebounded from the Friday lows to reclaim a key resistance.
$DOGE did exactly what it needed to.
Friday’s jobs print dumped it back to the $0.083 base, six flat 4H candles held it, and today one 4H candle ripped $0.0876 to $0.0952 straight back through $0.088.
Old resistance is the new line. Hold $0.088 and I think $0.095 goes next and… pic.twitter.com/y7hW91yCek
— Alex Marzell (@MarzellCrypto) September 5, 2026
You may also like: Remixpoint Cuts ETH, XRP Exposure After Market Review, Keeps 1,506 BTC in Treasury Analyst Says $15 Dogecoin Target Is Dead After Long-Term Channel Break Mining Profits Dry Up Across Bitcoin, DOGE, LTC, and BCH Max Crypto also weighed in on DOGE’s impressive move and even suggested that its breakouts have been the “best indicator” for the start of an Altseason.
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About the author
Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017 and now serves as CryptoPotato's Assistant Editor-in-Chief. He has managed numerous crypto-related projects and is passionate about all things blockchain.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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According to Onchain Lens monitoring, a single whale completed the following purchases over the past 24 hours: 3.23 million PONS for 913 ETH (valued at approximately $2.26 million); 1.69 million CASHCAT for 160 ETH (approximately $392,000); 7,270 AAVE for 1 million USDC; and 156,450 UNI for 850,000 USDC.
Ripple (CRYPTO: XRP) has held steady above the 200-day moving average, helped by the strong fundamentals, including the rising demand from American investors and growing ETF inflows. XRP trades at $1.4147 today, September 5, up by 43% from its lowest point this year.
Ripple USD Growth is AcceleratingRipple Labs launched RLUSD, its stablecoin in December 2024. After months of steady growth, the token’s performance has accelerated recently. Artemis data shows that the total RLUSD supply has jumped by 51% in the last 30 days, reaching a record high of $2.4 billion.
This performance makes it one of the fastest-growing players in the stablecoin industry, beating popular names like Tether (CRYPTO: USDT) and USD Coin (CRYPTO: USDC).
More data shows that both the number of RLUSD holders and transaction volumes have continued to grow in recent months. This growth has been driven largely by rising inflows on the XRP Ledger, where RLUSD assets have reached $1.1 billion.
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XRP is also reacting to the strong ETF inflows, which are signaling robust demand among American investors. These funds have had inflows in all months other than March when they lost $38 million. They have added $13 million this month so far after adding $159 million in August this year.
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The same trend is happening in the futures market, where the open interest has jumped in the past few weeks. Also, the amount of XRP tokens in circulation has dropped in key exchanges like Binance and Coinbase, a sign of increased accumulation.
Traders have rotated to the crypto market as jitters of US public debt continued. It has jumped to over $40 trillion, and the uptrend is continuing. It also happened as investors reacted to the ongoing volatility in the stock market.
Technically, the daily chart shows that the XRP price has held steady above the important support level of $1.3093, its lowest level on September 2. It has remained stable above the 200-day Exponential Moving Average (EMA), a sign that bulls remain in control.
XRP has formed a bullish flag pattern, which is made up of a vertical line and a descending channel. Therefore, these technicals, together with the ETF inflows and RLUSD growth means that the token may continue rising in the coming days or weeks. The initial level to watch will be at $1.6975, its highest point in August.
Zcash surged in trading over the past 24 hours, with the price climbing 4% and pushing the cryptocurrency above the $1,000 mark. Renewed buying activity has contributed to significant pressure on short sellers, particularly those with large positions in the market.
ZEC price action and trading volumeAt the time of writing, Zcash (ZEC) trades at approximately $1,007.85, supported by a daily trading volume of $5.20 billion and a market capitalization of $16.99 billion. The cryptocurrency briefly touched $1,025 during this latest rally, marking another episode of sharp price volatility for ZEC as bullish sentiment gained traction.
Crypto market analyst Crypto Patel highlighted that a major short position of 32,760 ZEC opened at $444 now faces significant unrealized losses. With ZEC reaching near $1,025, the open short is currently sitting on a loss of about $17.77 million. The mark-to-market loss at ZEC’s recent peak was estimated at $19.03 million, underscoring the risk profile in high-leverage trades when volatility increases.
PositionEntry PriceCurrent ValueUnrealized P/L32,760 ZEC short$444$1,007.85-$17.77 million1,330 BTC long$77,089~$105.77 million+$3.09 millionLarge leveraged positions under strainIn addition to the ZEC short trade, the same investor holds a long position of 1,330 Bitcoin, with a current value around $105.77 million. Entered at an average of $77,089, this Bitcoin position has produced an unrealized profit of about $3.09 million. Overall, the net result for this combined account is an unrealized loss of roughly $14.68 million.
ZEC’s recent rise above $1,000 has put heavy strain on leveraged shorts, with one notable trader now facing losses exceeding $17 million. At the same time, gains in their Bitcoin position have only partly offset these losses, leaving the account deep in the red.
Zcash, launched in 2016, is a privacy-focused cryptocurrency offering shielded transactions using zero-knowledge proofs. It occupies a niche among top privacy coins in the market.
Mini dictionary: Zero-knowledge proofs, a cryptographic method enabling one party to prove to another that a statement is true without revealing any information apart from the fact that the statement is actually true. Zcash uses this technology to allow private transactions while maintaining blockchain integrity.
Key resistance and support levelsDespite recent gains, technical analysts see signs that Zcash could face a retracement following its strong advance. The $882 region has emerged as a significant resistance level, and the upper edge of the daily Bollinger Band presents another area that could cap further upside. Technical signals, such as bearish divergence in the daily RSI, are pointing to weakening momentum as price climbs higher.
Previously, ZEC’s price reversed quickly near resistance after a strong upward move. If increased selling pressure materializes, analysts see $750 as the next substantial support area, which also coincides with the weekly ascending channel that began forming earlier this year. Staying above the $1,000 psychological level remains crucial for maintaining buyer momentum and could provide the groundwork for attempting another breakout above $1,025.
If Zcash cannot sustain current levels, loses the $1,000 mark, or breaks $882 support, a considerable pullback to $750 may follow, potentially escalating losses for large short sellers.
For now, traders are watching ZEC’s ability to hold above $1,000 and test the resistance at $1,025, as outcomes in this zone may determine its next significant move.
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.
Zcash (ZEC) has reached a new all time high of $1,025 after more than eight years, marking a sharp reversal from years of deep losses and a dramatic return of investor interest in the privacy-focused cryptocurrency.
Zcash hits record price after long drawdownThe milestone was first noted by analyst CryptoPatel, who highlighted ZEC’s remarkable rise from levels below $20 in 2024. He described it as a 6,300% increase over about two years, underscoring the scale of Zcash’s rebound from its previous cycle low.
Zcash had fallen more than 98% from its 2018 peak, spending much of the intervening years at deeply depressed prices. According to CoinLore, ZEC traded at $1,015 on September 4, with intraday highs reaching $1,032 and daily trading volumes around $1.4 billion. The data indicates ZEC had gained over 93% since the start of the year.
ZEC spent years trading well below its former highs, only to stage a powerful rally back to four-figure prices once market interest returned. CryptoPatel illustrated this by noting the token’s long journey from around $16 in 2024 to its recent high above $1,000.
CryptoPatel also cautioned against interpreting the historical entry price as a cue to chase the rally, stating that buying above $1,000 is a fundamentally different position compared to accumulating at sub-$20 levels. He wrote, “I’M NOT SUGGESTING A FRESH Zcash ENTRY HERE.”
Technical landscape strengthensTechnical metrics for ZEC remain robust after the latest surge. The TradingView snapshot showed 14 moving-average buy signals with no sell signals, signaling strength across short-, medium-, and long-term timeframes. The 10-period exponential moving average was about $856.71, the 50-period EMA near $652.78, and the 200-period EMA at $485.86. These readings illustrate just how far the price has advanced in recent sessions.
IndicatorValue10-period EMA$856.7150-period EMA$652.78200-period EMA$485.86RSI78.5Stochastic %KAbove 85The Relative Strength Index stood at 78.5 and Stochastic %K was above 85, indicating powerful upward momentum but also signaling stretched conditions that could lead to consolidation.
Classic pivot levels showed ZEC trading above the first resistance at $1,004, with the next major level near $1,162. Observers cautioned that while technical signals are strong, rapid momentum moves could trigger sharp reversals if demand weakens.
Zcash’s ongoing privacy role and recent upgradesZcash is a decentralized cryptocurrency known for its focus on privacy via advanced cryptographic techniques. Unlike many blockchains, shielded transactions in Zcash can hide key information such as transaction amounts and addresses from public view.
The protocol uses zero-knowledge proofs to validate transactions without exposing user data. Zcash’s Orchard system implements the Halo 2 proving system, enhancing scalability and privacy since Network Upgrade 5.
In July 2026, Zcash activated the Ironwood NU6.3 network upgrade, introducing a new shielded pool to increase security and ensure that the circulating supply can be independently verified. This development followed the discovery of a soundness vulnerability in Zcash’s privacy infrastructure earlier in the year.
Mini dictionary: Zcash is an open-source, privacy-focused cryptocurrency launched in 2016. It uses zero-knowledge cryptography, allowing users to shield transactions so their details remain confidential while the network still verifies their validity.
Continued upgrades and protocol enhancements remain central to Zcash’s investment narrative and separate it from other cryptocurrencies whose recovery stories are driven mainly by speculative sentiment.
Bitcoin holds near $80,000 as ZEC divergesWhile ZEC staged a swift rally to a new high, Bitcoin provided a more measured backdrop. BTC briefly rallied above $80,000 in early September, reaching as high as $81,491, before pulling back toward the $79,000–$80,000 area. This marked the first time Bitcoin closed the month above $80,000.
Bitcoin’s technical profile remains strong, with the 10-day EMA at $78,503, the 20-day EMA near $76,067, and the 200-day EMA at $72,563. However, oscillator readings are more neutral; the RSI was at 67, and both Momentum and MACD gave sell signals, suggesting short-term momentum may be fading even as the longer-term trend is constructive.
A key demand zone has emerged at $77,500–$78,100, identified by market analyst @wealthmanager as an area that could define Bitcoin’s next move. If buyers defend this area, Bitcoin could target the $82,000 level and above. If not, further consolidation may follow.
For ZEC, the main focus now shifts to whether it can stabilize after its exceptionally rapid advance, while for Bitcoin, maintaining support above $80,000 remains a priority for traders tracking broader market direction.
Both assets enter September with strong momentum but face different technical and narrative challenges. ZEC must navigate the aftermath of a historic rally, while Bitcoin seeks to turn a major psychological level into sustained support.
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.
Crypto investors are rotating to privacy tokens, making them among the best gainers in the industry. Dash (CRYPTO: DASH) token jumped to $73.73, its highest level since January 20.
Monero (CRYPTO: XMR) rosse to $560 this week, its highest point since January and 85% above the year-to-date low. Zcash (CRYPTO: ZEC), which has become one of the most active privacy token, crossed the $1,000 level for the first time ever. It has soared by 3,460% from its 2025 low, bringing its market capitalization to over $17.5 billion.
According to CoinGecko, all privacy tokens have a market capitalization of over $28 billion. Some of the other top gainers recently are Decred, Nockchain, Firo, YCash, and MinoTari. Most of these tokens have done better than other coins like Bitcoin (CRYPTO: BTC), Ripple (CRYPTO: XRP) and Ethereum (CRYPTO: ETH).
Privacy coins use different technologies to ensure that transactions remain hidden. This is unlike what other coins like Bitcoin, ETH, and USDC do since their transactions are available on a public ledger. Monero conceals sender, receiver, and amount by default using ring signatures and stealth addresses.
Zcash, on the other hand, gives one the option of using shielded transfers or public ledger. The amount of shielded supply has jumped to 4.85 million, its highest level since May this year. It has been in a slow uptrend after bottoming at 4.3 million in July.
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A good example of the rising demand for privacy tokens is the Grayscale Zcash ETF (NYSE:ZCSH), which has accumulated over $463 million in assets under management (AUM).
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These privacy tokens have also rallied as investors have embraced a risk-on sentiment, with the Crypto Fear and Greed Index jumping to the greed zone of 75. In most cases, Bitcoin and most altcoins do well whenever there is a sense of greed in the market.
A key risk that may affect these coins is that odds that the Federal Reserve will hike interest rates continued rising. These odds jumped after the US published strong jobs data on Friday, with the economy adding over 162k jobs last month.
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Image: Shutterstock
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Customers of failed crypto exchanges often face substantial losses, finding themselves at the end of lengthy bankruptcy proceedings with little chance of recovering their digital assets. Senator Cynthia Lummis, a leading advocate for the CLARITY Act, has stated that her proposed legislation would address this ongoing issue.
The bankruptcy risk for crypto customersSenator Lummis emphasized that the risks are not merely hypothetical. In the event of an exchange bankruptcy, customers are typically required to line up behind lawyers and institutional creditors, who have higher priority. As a result, users may only reclaim a small portion of their holdings, if anything at all.
Senator Cynthia Lummis pointed out that, “When a crypto exchange goes bankrupt today, customers are forced to get in line behind lawyers and creditors with low priority in hopes of maybe recouping a fraction of their assets. The CLARITY Act ensures consumers’ assets are protected just like they would be with traditional institutions.”
Senator Lummis serves as a member of the U.S. Senate Banking Committee and has long advocated for regulatory clarity in the crypto sector.
Major collapses highlight urgent needSeveral high-profile crypto exchange failures, most notably the collapse of FTX in November 2022, have underscored this problem. Customers of FTX reportedly lost billions of dollars, as bankruptcy courts classified client funds as part of the exchange’s estate. This treatment left individual users competing with large institutional creditors over the remaining assets.
Similar situations occurred at other platforms such as Celsius, Voyager, and BlockFi, revealing that crypto users lack the legal protections afforded to traditional investors. Under current securities law, assets held by customers at licensed brokers are separated from company property, ensuring investors are prioritized during insolvency. No such mechanism currently exists for digital assets.
How the CLARITY Act would change the rulesThe proposed CLARITY Act aims to categorize digital commodities as customer property within the U.S. Bankruptcy Code, granting crypto customers rights comparable to those of holders of stocks or commodities. The bill would require exchanges and brokers to hold client assets at specialized custodians, entirely separate from their operating funds. Any commingling of client and company assets, the kind that contributed to the FTX collapse, would be prohibited.
Key portions of the legislation link digital commodities to existing bankruptcy protections applicable to other kinds of commodity contracts. The goal is to move customers to the front of the line in any bankruptcy distribution.
Mini dictionary: CLARITY Act – Proposed United States legislation designed to create clear rules for the treatment of customer digital asset holdings during crypto exchange bankruptcies, prioritizing customer recovery above other creditors.
Bankruptcy ScenarioTraditional SecuritiesCrypto Assets (Current)Crypto Assets (With CLARITY Act)Customer Fund PriorityFirstLastFirstAsset Segregation RequirementMandatoryNot requiredMandatoryCustodian StandardsRegulated Broker-DealersVaries by platformQualified digital custodiansLegislative outlook and next stepsSenator Lummis has championed the CLARITY Act for several years. She has stated that if the bill does not pass during the current congressional session, regulatory progress on digital assets could be delayed until at least 2030. The Senate is set to hold a crucial cloture vote on September 15, marking a key juncture for the bill’s advancement.
The Senator has warned that failure to enact the CLARITY Act could postpone comprehensive crypto safeguards for years, highlighting the urgency for legislative action.
Should the legislation clear the Senate, delays in the House of Representatives remain possible, although Republican leadership is reportedly pushing to deliver the bill to the President soon.
Implications for XRP and digital asset holdersXRP holders and the broader crypto community are closely following the bill’s progress, as the CLARITY Act would offer the first federal legal framework ensuring digital asset owners cannot be subordinated behind creditors in insolvency cases. If enacted, the legislation would fundamentally strengthen legal protections for crypto customers in the United States.
With the Senate vote on the horizon, the outcome is expected to set a precedent for future exchange bankruptcies and potentially reshape recovery processes for digital asset holders.
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.
TLD: Tokenized gold regained crypto-market attention as XAUT activity expanded across decentralized exchanges, lending platforms, and leveraged futures markets. XAUT and PAXG remain leading gold-backed assets on decentralized exchanges, while Uniswap liquidity and collateral integrations widened trading access. Hyperliquid gold open interest returned near $750 million, with whale positioning leaning long as traders reacted to inflation and geopolitical uncertainty. Antalpha-linked wallets accumulated large XAUT positions, while holder growth and rising activity across Ethereum, BNB Chain, and Monad broadened adoption. Tokenized gold has returned to the center of crypto trading after a strong August revival. Traders are using blockchain-based gold for hedging, collateral, and leveraged speculation across decentralized markets. Tether Gold, known as XAUT, remains the largest focus of this renewed activity. CoinGecko shows XAUT trading near $4,430 after gold pulled back from recent highs.
Trading volumes also remain elevated compared with earlier periods this year. PAXG continues to attract decentralized liquidity alongside it. The shift reflects growing demand for assets linked to inflation protection. Crypto traders also seek new opportunities beyond Bitcoin and altcoins during uncertain global markets.
Gold XAUT Price Tokenized Gold Demand Builds Across DEX and Lending Markets XAUT has led the latest expansion in tokenized gold activity across decentralized finance. Tether increased supply during recent months as demand strengthened among traders and larger wallets.
Market activity accelerated in August, when trading volumes moved close to their 2026 highs. The token also became more useful inside lending platforms and collateral markets.
About $2.39 million in XAUT liquidity was trading through Uniswap V3 during the reported period. That activity helped deepen decentralized access beyond centralized exchanges.
XAUT and PAXG now rank among the most actively traded gold-backed assets on decentralized exchanges. Their liquidity gives crypto traders direct exposure without leaving blockchain markets.
Lighter also added XAUT as collateral, connecting gold exposure with perpetual futures trading. That integration widened the token’s role beyond simple spot ownership.
Holder activity expanded as well. RWA.xyz data showed XAUT reaching 84,756 wallets, representing growth above 16% over 30 days.
More than $4.6 billion in value moved on-chain globally during August. Active addresses topped 53,000 as demand spread across several networks.
Ethereum still hosts most of the token supply. However, BNB Chain and Monad gained more supply recently, suggesting broader use across newer decentralized applications.
Tokenized Gold Gains Momentum in Perpetual Futures Trading Gold also returned as a major perpetual futures market on Hyperliquid through HIP-3. Open interest climbed back toward $750 million, while daily trading reached about $299 million.
Source: Dune Analytics Large traders were mostly positioned on the long side. The biggest tracked long carried more than $273,000 in unrealized gains.
Short sellers faced heavier pressure. The largest reported short position showed unrealized losses near $2.2 million on September 4.
The renewed interest followed stronger demand for defensive assets during inflation concerns and geopolitical uncertainty. Gold also benefited from traders seeking alternatives to semiconductor-linked positions.
Tokenized gold gives those traders a familiar macro asset with crypto-native settlement. It also allows faster movement between collateral, spot trading, and leveraged markets.
A large wallet linked with high probability to Antalpha also attracted attention. The wallet accumulated repeated 1,000 unit tranches while gold traded closer to $4,000.
By September 4, that wallet held about 16,120 XAUT, worth more than $71 million. The wallet showed inflows without visible cash-out activity.
Another Antalpha-linked wallet held more than 33,000 units alongside other assets. Some related wallets actively traded gold and transferred funds toward Bitfinex.
Part of those holdings also moved into custody through Cobo.com. The activity suggests professional investors are using several routes for storage and execution.
The accumulation stands out because repeated purchases appeared during gold’s earlier climb. Those positions gained value as prices advanced through August.
XAUT remains the main tokenized gold asset driving crypto-market interest. Its expanding collateral role, DEX liquidity, and whale ownership are creating more trading paths.
The market is also becoming less dependent on centralized exchanges as decentralized liquidity improves across major chains. That shift may help tokenized gold compete more directly with stablecoins and other real-world assets used as trading collateral.
Uniswap founder Hayden Adams compared Robinhood's and Ondo's stock tokens to early stablecoins on Friday, hours after Dinari co-founder Gabriel Otte called the same instruments "indisputably worse for the end investors than even common stocks." Three models are competing for $2.91 billion of tokenized equities, and the SEC has already sorted them into separate legal boxes.
The public fight between AMC Entertainment Chief Executive Adam Aron and Robinhood over tokenized AMC shares spilled on Friday into a dispute among the companies that build the instruments, over which of three incompatible designs should become the standard.
The models differ in what the holder actually owns. Robinhood's stock tokens are debt securities issued by an unregulated Jersey entity, sold only to non-US persons, that pay economic exposure and confer no claim on the referenced company. Ondo, xStocks and Dinari hold the underlying shares through regulated intermediaries and pass the economics through, with Dinari the only one of the three selling to US investors. Securitize and Superstate put a company's own registered shares onchain, with the issuer and its transfer agent inside the transaction. The SEC's Division of Corporation Finance mapped the three categories in a statement on Jan. 28, and the model determines which securities laws apply and what a holder can claim in a bankruptcy.
Tokenized stocks hold $2.91 billion, up 14.4% in 30 days across 2.67 million holders, rwa.xyz data shows. Ondo leads with $869.6 million, followed by bStocks at $659.4 million, xStocks at $633.7 million, Securitize at $274.1 million, Bitget at $170.5 million, Robinhood at $133.2 million, Figure at $84.7 million, Superstate at $46.4 million and Dinari at $11.2 million.
Robinhood's book is a sixth the size of Ondo's and its trading business is the largest of the group. Robinhood Chain turned over $1.56 billion of DEX volume in 24 hours, more than double the level a week earlier, according to DefiLlama, and passed Solana in tokenized stock volume in late July on the strength of memecoin pairs.
Snake Juice And StablecoinsGabriel Otte, co-founder of Dinari, which sells 1:1 custodial tokenized stocks to US investors through an SEC-registered broker-dealer, opened the argument at 12:18 p.m. ET Friday under Robinhood Chief Executive Vlad Tenev's defense of the product, "We stand behind Stock Tokens."
"Many took shortcuts to make 'tokenized stocks' that are synthetic and indisputably worse for the end investor than stocks," Otte wrote. "It's time for the industry to follow @DinariGlobal's lead and adopt the custodial model that protects investor rights."
Six minutes later he named both companies and set aside the securities-law question Aron had raised. "To be clear, it's not about legality, it's just that synthetic tokens like @RobinhoodApp stock tokens and @Ondo are just indisputably worse for the end investors than even common stocks," he wrote.
Hayden Adams, the founder of Uniswap, whose AMM is the largest DEX on Robinhood Chain and the venue where the memecoin pools have been pricing the stock tokens, answered at 6:08 p.m. ET. "They're not worse if you want programmability, or to trade at night/weekend/holidays, live outside the US, don't have a bank account, want to use them in DeFi apps/hold them in a crypto wallets," he wrote. "End of the day, tokenized stocks are pretty similar to early stablecoins - are they exactly the same as dollars? No. But they are meeting a user demand in a way that nothing else is."
Otte replied that the same demand could be met "without it being synthetic and being an inferior product with price dislocation."
Dinari amplified the version of the objection put by Anna Wroblewska, its chief business officer, the same morning: "The main problem here isn't tokenization. It's the marketing of a discretionary debt instrument, which functions essentially as an onchain CFD, as an investment in the US stock market."
Carlos Domingo, chief executive of Securitize, took Aron's side on Thursday night. "I would also not want people creating offshore derivatives of our stock that trade all over the place," he wrote. "This is why we tokenized our own stock natively and in the US, in a fully compliant way."
Linked Securities At The SECThe Corp Fin statement gives each model a different legal shape. Issuer-sponsored tokens are the security itself, with the issuer or its agent keeping the master securityholder file onchain. Third-party custodial tokens represent "the holder's indirect interest in the underlying security via the security entitlement." The third category, which the staff calls linked securities, covers a token "issued by the third party itself that provides synthetic exposure to a referenced security, but it is not an obligation of the issuer of the referenced security and confers no rights or benefits from the issuer of the referenced security."
Robinhood's own developer documentation describes stock tokens as "tokenised debt securities issued by Robinhood Assets (Jersey) Limited" that grant no "legal or beneficial rights in, or against the issuer of, those underlying securities." Dividends run through an onchain multiplier rather than a payment. Only one firm, BBVI, can create or redeem them.
Dinari's dShares are held with FINRA-member broker-dealer Alpaca Securities in segregated custodial accounts, pay cash dividends in stablecoins and can be burned for redemption at market value. Ondo and Broadridge added proxy voting to more than 250 Ondo tokenized stocks and ETFs in April, through Ondo Global Markets, which is not available in the US.
The staff also flagged the counterparty question the AMC episode raised: holders "may be exposed to risks with respect to the third party, such as bankruptcy, to which a holder of the underlying security would not necessarily be exposed."
Issuers In The RoomSecuritize runs five regulated affiliates: a broker-dealer that operates an SEC-regulated alternative trading system, an SEC-registered transfer agent, an exempt reporting adviser, a fund administrator and an EU investment firm authorized under the DLT Pilot Regime, according to the company. That stack is what lets it act as the record-keeper for a tokenized security rather than a counterparty to it, and it is how BlackRock's BUIDL and funds from Apollo, Hamilton Lane, KKR and VanEck came onchain. Securitize says it has tokenized more than $4 billion of assets.
The company took its own shares public on the NYSE as SECZ on July 2 after merging with Cantor Equity Partners II, and tokenized them on day one. SECZ is the largest single tokenized equity tracked by rwa.xyz.
Superstate runs the same idea for companies that are already listed. Its Opening Bell program appoints Superstate as a company's digital transfer agent and issues the company's registered shares directly onto Ethereum and Solana. "Tokenized shares are not derivatives, wrappers, or new share classes," the product page states; the tokens are recorded in the investor's name and carry the same economic and governance rights as the shares on the exchange.
Galaxy Digital and Forward Industries have shares onchain through it, and Forward Industries accounts for nearly all of Superstate's $46.4 million on rwa.xyz. Founder and Chief Executive Robert Leshner, who also founded Compound, called SharpLink the first public company to tokenize its shares on Ethereum through the program in September 2025.
Best Execution Versus SlippageBrian Huang, co-founder of onchain portfolio manager Glider and a former XTX Markets equities trader, argued on The Defiant's livestream Friday that the venue matters more than the wrapper. "AMMs do not guarantee best execution for consumers," he said. "In the US, we have protections around what's called the national best bid offer or best execution rules, where whether you're trading on Robinhood, Coinbase or any of the major apps or brokers in the US, you are guaranteed to get best execution. Now, that is not true via AMMs."
Huang called the rights objections false. "You do get the voting rights through particular issuers," he said. "Ondo has worked on this with Broadridge." He said Ondo's request-for-quote design, in which a market maker sources the share off-chain and the token is minted against it, is the structure the market will converge on, and that the dislocations end when 24/7 creation and redemption exists on both sides. "You will not see these dislocations a year from now."
He made the same case at RWA Summit on Wednesday, calling the arguments from Dinari, Securitize and the NYSE "propaganda." The Defiant reported his exchange with Adams over AMMs and correlated pairs on Aug. 18.
Programmable Demand, No SupplyBinji Pande, a founding member of Ethereum R&D lab Ethlabs, argued on the same stream that the blowouts are a supply problem rather than a design flaw. "We kind of figured out how to program demand before we figured out how to program supply, and you kind of need both," he said. He did not defend the price gaps, calling a six-dollar tokenized AMC print "bad market structure" and saying it was not good "for any market."
Pande's framing after tokenized AMC and Hims & Hers broke against their reference prices over the Aug. 29 weekend was that issuers have lost control over how their assets are used, the same way publishers lost control over how information traveled. A memecoin called BONER had by then cornered about half the tokenized Hims & Hers float. On Wednesday he predicted the pattern spreads to penny stocks.
Huang's objection to the memecoin pairings is mechanical. "When you put in a meme coin with the stock, they're not really correlated assets. You're exposing people to a lot of impermanent loss in those situations."
Transfer Agents Want A LineThe firms that keep shareholder records have asked the SEC to draw the distinction in rules. Continental Stock Transfer & Trust told the agency's crypto task force on July 21 that third-party tokens "do not establish a legal relationship between the token holder and the issuer" and can "confuse investors, impair issuer governance, create disclosure and market-integrity risks, and bypass the shareholder-record and corporate-action infrastructure." It asked the SEC to exclude them from regulatory relief absent safeguards. Computershare asked a week later for neutral treatment across all book-entry forms instead.
Ariel Givner, a corporate and intellectual property lawyer in fintech and the founder of Givner Law, posted the investor-side version of the argument on Friday morning, drawing 109,000 views. "You bought economic exposure from an offshore affiliate that slapped someone else's ticker on a derivative," she wrote. "That is NOT tokenization."
AMC has filed nothing with the SEC on the dispute. Robinhood's chief legal officer Dan Gallagher, an SEC commissioner from 2011 to 2015, told Aron to "send your lawyers and we'll educate them," as The Defiant reported on Friday.
ONDO traded at $0.3689, up 5.1% over 24 hours and 5.2% over seven days, according to CoinGecko.
Figures via rwa.xyz, DefiLlama and CoinGecko on Sept. 5.
5 September 2026 | 20:53 Seven of crypto’s 100 largest assets gained more than 8% over 24 hours. Only one of those moves coincided with a clearly disclosed token purchase.
Key Takeaways PONS led with a 28% gain. Pons says Uniswap Labs purchased its token. DashCon coincided with DASH’s advance. NEAR has an event scheduled next. Several gains lack fresh project news. Seven top-100 cryptocurrencies outperform At the time of writing, CoinMarketCap data showed PONS, Binance Life, Dash, PancakeSwap, GateToken, NEAR Protocol and Litecoin leading the 24-hour performance rankings among the market’s 100 largest cryptocurrencies.
Leading gainers among the top 100
Asset Price 24 hours Seven days Pons (PONS) $0.9413 +28% +306% Binance Life $0.6083 +24% +20% Dash (DASH) $68.59 +23% +63% PancakeSwap (CAKE) $2.25 +14% +31% GateToken (GT) $9.51 +13% +16% NEAR Protocol (NEAR) $2.22 +11% +21% Litecoin (LTC) $54.77 +8% +12% The advances formed part of a broader recovery that began in late August, with Bitcoin trading near $80,000. As our analysis of Bitcoin’s breakout and its larger confirmation test explained, the market has regained momentum while rising derivatives exposure and renewed movement by long-term holders leave important questions about the rally’s durability.
That stronger backdrop may have helped the seven assets attract buyers, but it cannot explain their relative performance by itself. Recent announcements are therefore treated as context unless official disclosures or market data establish a clearer connection.
PONS has the clearest new development PONS led the group with a 28% gain to $0.9413. Pons said Uniswap Labs had purchased the token for “long-term alignment,” and Uniswap’s official account acknowledged the announcement.
🤝 https://t.co/sEGC8pbH4R
— Uniswap (@Uniswap) September 3, 2026
Pons operates a token-launch platform on Robinhood Chain. Tokens that complete its launch process move into Uniswap liquidity pools, meaning activity on Pons can also generate trading through Uniswap’s infrastructure. The purchase gives Uniswap Labs an undisclosed economic interest in a platform directing activity toward those pools.
It also comes as activity on Robinhood Chain expands, giving Pons a larger market in which to compete.
The disclosure does not reveal how many tokens Uniswap Labs acquired, how much it paid or which wallet received them. It also remains unclear whether the tokens were purchased on the open market or obtained through another arrangement.
Those omissions matter after PONS gained more than 300% over seven days. With the purchase terms undisclosed, launch volume, fee revenue and continued use of its Uniswap pools will offer better measures of whether interest extends beyond the token rally.
Binance Life rises without a confirmed project catalyst Binance Life, whose Chinese name is 币安人生, gained 24% to $0.6083. Despite its name, it is not a corporate token issued by Binance. The exchange’s price directory describes it as a community-driven BNB Chain meme token based on online culture rather than technical utility.
No material announcement appeared through an identifiable project channel during the previous five days. The token also lacks a published roadmap containing releases or adoption targets that could be connected to its latest performance.
Without those reference points, trading volume, liquidity and wallet participation provide the most useful evidence about the move. A decline across those measures would leave the price increasingly dependent on short-term attention.
Dash rallies during its Amsterdam conference Dash advanced 23% to $68.59, extending its seven-day gain beyond 63%. The move coincided with DashCon 2026, held in Amsterdam on September 3 before the Common S3nse conference on September 4-5.
Organizers said DashCon would showcase DashSpend, the DashPay wallet and Evolution, although the event listing did not itself contain a new product release. A conference can increase attention around a project, but the stronger test comes after attendees leave: whether presentations lead to software releases, integrations or greater use of the network.
DASH may also have benefited from renewed demand for established payment-focused cryptocurrencies. Litecoin’s presence among the same group of outperformers supports that broader context, although the scale of DASH’s move suggests traders were responding to more than market direction alone.
CAKE and GT lack fresh token-specific news PancakeSwap and GateToken both recorded double-digit gains without announcing a material change to their respective tokens during the five-day review period. Their existing economic designs provide context, but they should not be presented as new catalysts.
PancakeSwap activity does not affect every CAKE burn equally CAKE rose 14% to $2.25, taking its weekly gain above 31%. Under PancakeSwap’s official tokenomics, the decentralized exchange uses a buyback-and-burn strategy intended to reduce the token’s supply over time.
Some PancakeSwap products allocate a portion of their fees to CAKE buybacks and burns, so the effect of higher activity depends on where that volume occurs. An increase in trading does not necessarily translate into an equivalent increase in tokens removed from circulation.
PancakeSwap’s protocol-volume figures and burn dashboard can show whether the price increase was accompanied by activity that feeds into CAKE’s token economics. Without that confirmation, the broader crypto recovery remains a more defensible explanation than a new PancakeSwap-specific catalyst.
GT’s latest major burn predates the rally GateToken gained 13% to $9.51. Gate’s official GT archive shows no major token announcement from the previous five days, while its latest quarterly burn was published in July.
GT is the utility token of the Gate ecosystem and the gas asset for Gate Layer. Network transactions, smart-contract deployment and cross-chain activity can create demand for it, while Gate’s burn program reduces supply.
Gate announced additional listings and trading campaigns during the period, but none disclosed a direct change to GT demand, utility or supply. Gate Layer activity and the next official burn report will provide more relevant evidence about whether the rally reflects increased use of the token.
NEAR has a scheduled event ahead NEAR gained 11% to $2.22 as the project prepared for Virtual NEAR Day on September 10. Its official announcement says the three-hour stream will feature more than 15 speakers discussing NEAR AI, NEAR Intents, confidential computing and other parts of the technology stack.
One subject on the agenda is NEAR Intents, a system in which users specify a desired cross-chain outcome while competing solvers handle execution. The technology is intended to reduce the number of steps users must manage when moving or exchanging assets across different networks.
The event gives investors a scheduled source of new information, but its significance will depend on what is disclosed. Product releases, integrations or adoption figures would provide measurable progress; presentations covering previously available material would add less to the case behind NEAR’s advance.
Litecoin joins the recovery without new project news Litecoin completed the group with an 8% gain to $54.77. No major announcement from the Litecoin Foundation during the preceding five days explains the move.
The asset’s established use case remains centered on payments. The Litecoin Foundation’s website says the network has processed more than 400 million transactions without an interruption and promotes its low fees and optional confidential-transfer functionality.
Those are longstanding characteristics rather than new developments. Higher payment activity, additional merchant or wallet integrations, or a documented protocol release would provide more specific support for LTC. Until then, its performance fits more naturally within the broader recovery among established proof-of-work and payment-focused assets.
One ranking, several different explanations The seven gains do not carry the same supporting evidence. PONS has a newly disclosed commercial connection, while NEAR has a scheduled event that may produce measurable developments. The remaining advances rely more heavily on established utility, conference attention or broader market momentum.
Whether those gains persist will be clearer in platform activity, fees, liquidity and official releases than in another day of positive price performance.
Prices and percentage changes are live readings that may change after publication. This article is for informational purposes and does not constitute investment advice.
Author
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
Uniswap’s v4 architecture has now seen more than 90,000 unique hooks initialized and attached to at least one deployed pool. That number, tracked via on-chain data dashboards including Dune Analytics, represents a roughly fourfold increase from the approximately 22,600 hooks recorded earlier this year.
For a feature that didn’t exist before January 2025, that’s a steep adoption curve.
What hooks actually do Think of hooks as plug-ins for liquidity pools. In Uniswap v4, developers can write custom smart contract logic that executes at specific points in a pool’s lifecycle: before a swap, after a swap, when liquidity is added, when it’s removed, and so on.
Before v4, if you wanted a pool to behave differently, say with dynamic fees that adjust based on volatility, you essentially needed to fork the protocol or build on top of it. Hooks let developers modify pool behavior without touching the core protocol code.
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The system is also designed for gas efficiency. Hook addresses encode permission details directly in their bits, meaning the protocol can check what a hook is allowed to do without expensive storage lookups.
Uniswap v4 introduced a singleton PoolManager architecture alongside the hooks system. Instead of deploying a separate smart contract for every new pool (as in v3), all pools now live inside a single contract. This reduces deployment costs and makes it cheaper for hooks to interact with multiple pools simultaneously.
From 22K to 90K in months The growth trajectory is notable. Early in 2026, on-chain dashboards recorded roughly 22,609 unique hook addresses that had been initialized. By mid-January 2026, that figure had climbed to approximately 89,955.
To be precise about what’s being counted: these are unique hook addresses, not total pools or total deployments. A single hook contract can theoretically be linked to multiple pools. So the 90K figure represents 90,000 distinct pieces of custom logic that developers have written, deployed, and connected to at least one live pool.
Community-maintained Dune dashboards, supported by both Uniswap Labs and independent contributors, have made this data publicly accessible.
Notable hooks in the wild Not all hooks are created equal, and a few stand out. DualPool, developed in partnership with Spark, is an audited and open-sourced hook designed to generate yield on idle liquidity sitting in pools. The core insight is straightforward: most liquidity in a concentrated liquidity pool isn’t being actively used at any given moment. DualPool routes that dormant capital into yield-generating strategies until it’s needed for swaps.
Other hooks have targeted dynamic fee structures, where swap fees adjust automatically based on market conditions like volatility or trading volume. Some developers have built hooks focused on MEV-related attributes, attempting to either capture or redistribute the value that searchers and block builders typically extract from on-chain trades.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Solana (SOL) has moved beyond a prolonged consolidation phase, with immediate attention turning to the $110-$113 price range as the next potential resistance for buyers. This latest surge follows months of technical compression, and analysts are closely watching whether Solana can maintain its current momentum above this critical region.
Breakout Pushes SOL Toward Higher RangeA review of Solana’s three-day chart reveals that SOL has broken out above a contracting price pattern that developed after the June low. This shift puts buyers in a notably stronger technical position in the short term. At the time of the analysis, SOL was trading close to $104, while $113 stands out as the next major upside target.
This breakout is seen as significant because Solana had spent months producing lower highs even as support levels edged higher. With the price moving above the descending limit of its recent consolidation, technical observers are focused on whether this rally can be maintained in the face of further resistance.
A sustained advance through $113 would validate the breakout and set up a higher trading band for SOL. Conversely, if the price falls back into the previous consolidation zone, it could cast doubt on the longevity of this upward move.
The broader technical landscape features a notable challenge: a long-term descending resistance trendline stemming from Solana’s 2025 peaks. SOL would need to overcome this higher trendline before a move back to its historical highs becomes a plausible scenario.
Analyst ay identified $200 as a likely next target for SOL, while also marking $230 as a longer-term objective. However, these targets are contingent upon Solana first clearing $113, continuing to set new higher highs, and ultimately breaking through the larger descending resistance line.
Mini dictionary: Fibonacci retracement is a technical analysis tool that identifies potential support and resistance levels by dividing the vertical distance between significant price points using key Fibonacci ratios, often helping traders anticipate possible reversal points.
Key Support and Resistance Levels on Daily ChartOn Solana’s daily chart, the structure offers further insight into the levels that could shape the near-term direction. Currently, SOL is positioned around $101.67, with a concentration of Fibonacci-based support levels just below.
More Crypto Online, a technical analysis platform, highlighted that holding between $90.50 and $100.48 remains crucial for further gains, while $110 represents the next central resistance.
The first support level is found at $100.48, corresponding to the 23.6% Fibonacci retracement. Should this level give way, deeper support emerges at $94.83 and $90.50, which align with the 38.2% and 50% Fibonacci retracements.
Maintenance above this support range is regarded as an ongoing consolidation phase rather than the start of a bearish reversal. If SOL can secure a breakout above $110.15, analysts see the $113 level as attainable in the near future.
Looking further ahead, the daily chart outlines $132.93 as the subsequent major resistance, while higher targets are found at $160.42 and $209.63, closely mirroring the $200 target previously noted by analyst ay.
LevelTypeChart Timeframe$90.50-$100.48SupportDaily$110-$113Resistance/Breakout TargetDaily/3-Day$132.93ResistanceDaily$160.42, $209.63Higher ResistanceDaily$200, $230Potential TargetMedium/Long-TermIf Solana’s price falls below $100.48, downside risk increases toward $94.83, while a breakdown under $90.50 would weaken the case for ongoing higher highs and could signal the need for a more substantial correction before any major advance resumes.
The convergence of the three-day and daily technical structures positions SOL at a pivotal moment: breaking through $110-$113 could confirm a rebound and drive attention toward higher resistance bands, while defending support between $90.50 and $100.48 keeps longer-term bullish scenarios in play.
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.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
According to the RWA Foundation X account, Solana led RWA flows, pulling in $348 million in the last 30 days.
"Solana is leading the pack. It topped net flows for RWAs over the past 30 days, pulling in $348 million to the chain," the RWA Foundation X account wrote.
As seen on the rwa.xyz page, Solana led the 30-day change among major networks on the RWA League table (distributed), referring to RWA tokens using the blockchain as a distribution layer, enabling onchain investors to subscribe, hold, and manage assets directly through their own wallets or custodians. Solana recorded a 30-day increase of 11.13%, while Ethereum and Stellar rose by 0.77% and 5.22%, respectively. XRP Ledger and Avalanche declined by 5.51% and 14.06%, respectively.
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As reported, Solana's RWA value has crossed $4 billion, currently at $4.23 billion. RWA holders increased by 17.63% in the last 30 days to 398,644.
One of the defining industry trends over the past year has been the growth of RWAs, with Solana sustaining its momentum. The Solana blockchain hosts tokenized Treasury products, including Circle's USYC tokenized money market fund, BlackRock's BUIDL, VanEck's VBILL, and Franklin Templeton's BENJI.
Ondo Finance runs two Treasury-linked products on Solana: USDY is a tokenized note backed by short-term U.S. Treasuries and bank demand deposits, and OUSG provides exposure to short-term U.S. government bonds and is backed significantly by BlackRock's BUIDL fund.
Solana eyes most ambitious upgradeSolana is eyeing what could be its most ambitious core upgrade to date—one that replaces its current technology stack with a redesigned consensus protocol built for near-instant finality and responsiveness.
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Dubbed Alpenglow, the upgrade proposes replacing Proof of History—Solana's well-known unique "pre-recorded clock" system—and Tower BFT, its existing voting mechanism for reaching consensus.
In late August, Solana saw its first network-wide governance vote—a proposal to speed up cuts to new SOL issuance that scraped past the required two-thirds majority in the final minutes before the deadline.
Solana has emerged as the leading blockchain for real-world asset (RWA) flows, securing $348 million in net inflows over the past 30 days, according to data shared by the RWA Foundation. The RWA Foundation, an organization focused on advancing tokenized assets across blockchains, published the figures on its official X account.
Solana’s RWA market growthIn recent weeks, Solana has maintained its position at the top of major RWA network rankings, surpassing Ethereum, Stellar, XRP Ledger, and Avalanche. The rwa.xyz dashboard shows that Solana’s net RWA flow grew by 11.13% in the last month, bringing its total RWA market value to $4.23 billion. The number of RWA holders on Solana also increased, rising by 17.63% to a total of 398,644.
For comparison, Ethereum posted a modest 0.77% increase in 30-day RWA flows, while Stellar rose by 5.22%. In contrast, other networks experienced declines: XRP Ledger dropped by 5.51%, and Avalanche fell by 14.06% during the same period.
Network30-Day Flow ChangeTotal RWA ValueSolana+11.13%$4.23 billionEthereum+0.77%—Stellar+5.22%—XRP Ledger−5.51%—Avalanche−14.06%— Solana is leading the pack. It topped net flows for RWAs over the past 30 days, pulling in $348 million to the chain.
Expanding RWA product ecosystemRWAs—blockchain-based representations of traditional assets—have become one of the fastest-growing sectors in crypto over the past year. Solana has benefited from strong adoption of tokenized Treasury products, including Circle’s USYC money market fund, BlackRock’s BUIDL fund, VanEck’s VBILL, and Franklin Templeton’s BENJI. These products enable onchain investors to subscribe, hold, and manage financial assets directly from digital wallets or third-party custodians.
Ondo Finance, one of the leading crypto asset managers, has introduced two major RWA products on the network: USDY, a tokenized note backed by short-term U.S. Treasuries and bank demand deposits, and OUSG, which provides exposure to short-term U.S. government bonds and is largely supported by BlackRock’s BUIDL fund.
Mini dictionary: RWAs (Real-World Assets), physical or traditional financial assets like government bonds or funds represented on a blockchain through tokenization, enabling easy transfer and management by investors using digital wallets.
One of the defining industry trends over the past year has been the growth of RWAs, with Solana sustaining its momentum through additional product launches and growing investor participation.
Upcoming upgrades and governance milestonesSolana is preparing for a major core upgrade, codenamed Alpenglow, which proposes a new consensus protocol designed to deliver near-instant finality and improved responsiveness. This upgrade would replace Solana’s current technology stack, phasing out the well-known Proof of History mechanism and its Tower BFT consensus system.
Proof of History, which has allowed Solana to achieve fast and consistent timestamps through a “pre-recorded clock” approach, is expected to be succeeded by a new algorithm under the Alpenglow proposal.
In late August, Solana completed its first network-wide governance vote. The proposal aimed to accelerate the reduction in new SOL issuance and narrowly passed the required two-thirds majority just before the deadline.
Solana, developed by Solana Labs, is a public blockchain launched in 2020. It is known for high throughput and low transaction costs, and has become a major platform for decentralized finance and tokenized assets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana has been building something quietly significant. The network’s combined real-world asset footprint, counting stablecoins, tokenized funds, equities, and commodities, has crossed $18.5 billion, according to data tracked by RWA.xyz and research from Galaxy Digital and the Solana Foundation. The stablecoin layer alone reached $16.4 billion in May 2026, making it the largest single component of the ecosystem. Non-stablecoin RWAs hit an all-time high of $2.8 billion that same month, a figure that climbed toward $4.23 billion by September 2026.
The lineup of issuers looks less like crypto and more like a financial services conference Circle’s USDC and Tether’s USDT remain the dominant stablecoin players on the network. Early 2026 brought Western Union’s USDPT and SoFi’s SoFiUSD to Solana. On the non-stablecoin side, BlackRock, Ondo, and Securitize have all launched tokenized products on the network. The holder base now numbers somewhere between 230,000 and 398,000 unique participants across Solana’s RWA ecosystem, depending on the asset class and tracking methodology.
Ninety-seven percent is a number that deserves its own paragraph Solana captured 97% of all on-chain tokenized equities trading volume in the first half of 2026. The network processes transactions quickly and cheaply, which matters when the use case is high-frequency settlement of financial instruments. For an institution moving large volumes of tokenized assets across a trading day, the difference between $0.001 per transaction and $5 per transaction is the difference between a viable product and an uneconomical one. Traditional financial infrastructure often settles trades on a T+2 basis. On-chain settlement on Solana happens in seconds.
What this ecosystem actually means for the network’s identity One important caveat worth noting: a significant portion of the RWA value currently sitting on Solana remains in reserve positions rather than actively circulating through DeFi applications. The $18.5 billion figure represents assets tokenized and held on-chain, not necessarily assets being lent, borrowed, or used as collateral in decentralized protocols. Regulatory frameworks for tokenized securities remain uneven across jurisdictions, and institutional compliance requirements don’t always map cleanly onto permissionless DeFi protocols.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Five altcoins carry more near-term upside than Ethereum (CRYPTO: ETH) or XRP (CRYPTO: XRP) heading into Q4, according to a widely-followed cryptocurrency influencer.
Why the Macro Sets Up the Alt TradeAltcoin Daily argued in a YouTube video on Thursday that the debasement trade driving Bitcoin higher creates the conditions for altcoin outperformance in Q4.
Pantera Capital’s Dan Morehead noted in the video that the US Treasury is printing roughly $2 trillion in excess annually, making hard assets and crypto the logical beneficiaries.
The Five Altcoins Worth Watching1. Hyperliquid (CRYPTO: HYPE) — US market entry talks with Kraken’s parent Payward are advancing through subsidiary Bitnomial. Trump publicly endorsed a compliant US pathway, and Grayscale’s Hyperliquid Staking ETF (NASDAQ:HYPG) crossed $123 million in AUM within 30 days of launch.
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2. Chainlink (CRYPTO: LINK) — The US Department of Commerce is now using Chainlink to bring official GDP, PCE, and economic data on-chain across 10 blockchains, giving applications live access to US government figures in real time.
3. Bittensor (CRYPTO: TAO) — DCG founder Barry Silbert argues the rush to acquire open-source AI will eventually point investors toward TAO, citing Nvidia’s reported acquisitions of Poolside for $6 billion and Hugging Face for $122.9 billion as proof of concept.
4. Uniswap (CRYPTO: UNI) — Record activity with 7 million swaps in a single day and 82 swaps per second across all chains, fueled by Robinhood (NASDAQ:HOOD) Chain volume. The protocol also upgraded its tokenomics to direct more revenue into buybacks.
5. Solana (CRYPTO: SOL) — On-chain tokenized equity holders reached a record 1.9 million, up 134% month over month from under 100,000 just 10 months ago, with users trading real-world assets around the clock.
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BulkTrade, one of the more quietly hyped projects in Solana’s DeFi ecosystem, has officially gone live on mainnet. The perpetual futures exchange launched on September 5, bringing with it execution latency between 5 and 20 milliseconds, a figure that puts it in striking distance of the centralized exchanges it’s trying to replace.
The platform isn’t rolling out the red carpet for everyone, though. Access is gated behind referral codes and invites.
The numbers behind the launch BulkTrade didn’t arrive empty-handed. A pre-deposit campaign that kicked off on June 1, 2026, pulled in over $25.9 million in USDC TVL within just 10 days.
The financial foundation goes deeper than pre-deposits. BulkTrade closed an $8 million seed round back in September 2025, co-led by Robot Ventures and 6th Man Ventures. Wintermute Ventures also participated, which is notable given Wintermute’s role as one of the largest market makers in crypto.
On the tokenomics side, the BULK token hasn’t launched yet, but the allocation framework is already public. Thirty percent of the total supply is reserved for community distribution through airdrops, with eligibility tied to pre-deposit activity and trading behavior.
The platform also introduced what it calls BIP-1 on July 28, a framework that enables permissionless, deployer-owned perpetual markets.
Why speed matters in perps trading BulkTrade is betting it can deliver both speed and self-custody. The platform targets sub-40 millisecond finality while keeping user assets in self-custody on Solana. All perpetuals are settled in USDC, which simplifies the margin and settlement process compared to platforms that support multiple collateral types.
The exchange underwent a security audit by Zellic, a firm that has reviewed smart contracts for several major DeFi protocols.
Solana’s perps landscape gets more crowded BulkTrade enters a Solana perps market that already includes established players like Jupiter’s perps product and other on-chain derivatives protocols.
BulkTrade’s 30% airdrop allocation rewards early depositors and active traders. The dynamic margin functionality the platform offers adjusts margin requirements in real time, potentially improving capital efficiency for sophisticated traders, in contrast to traditional perps platforms that use static margin requirements.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Over the past thirty days, Solana has captured $348 million in net flows towards tokenized real-world assets. The blockchain thus outperforms other networks during this period, according to data provided by the RWA Foundation. This momentum raises the value of RWAs distributed on Solana to $4.23 billion. However, it is not enough to dethrone Ethereum across the entire market.
In Brief Solana dominates recent RWA flows, capturing $348 million in thirty days. The value of RWAs on Solana reaches $4.23 billion, driven by increased holders and transfers. U.S. Treasury bonds and tokenized stocks are among the main drivers of this growth. Solana gains ground without dethroning Ethereum, which maintains a clear lead on total RWA value. Solana Accelerates on All RWA-Related Indicators The communicated $348 million corresponds to capital inflows over one month. This amount does not represent either the trading volume or the total value of tokenized assets on Solana. It measures the difference between capital entering and leaving this ecosystem during the observed period.
The RWA Foundation stated :
Solana leads the race. The network tops net RWA flows over the last thirty days, with $348 million directed to the blockchain.
Several indicators help measure the scale of this evolution :
$348 million in net flows were recorded over thirty days ; The distributed value of RWAs reaches $4.23 billion, up 11.79% ; The number of wallet holders amounts to 398,644, an increase of 17.63% ; The transfer volume over thirty days reaches $3.72 billion, up 8.38%. Statistics updated on September 5 reveal that growth is not solely based on asset revaluation. Indeed, transactions and the number of wallets are also increasing, indicating broad usage of the products available on the blockchain.
However, one wallet does not necessarily equate to a distinct investor. The same individual or institution may control multiple addresses. This indicator thus measures the on-chain token distribution without precisely calculating the number of real users.
U.S. Treasury Bonds and Tokenized Stocks Support Growth RWAs are financial or physical assets represented as tokens on a blockchain. On Solana, this category mainly includes U.S. Treasury bonds, money market funds, private credit, and tokenized stocks.
U.S. public securities amounted to nearly $1.2 billion on the blockchain as of August 23, according to Solana Compass. Their value had thus increased by 16.1% in one month. Products such as Ondo’s USDY or BlackRock’s BUIDL fund also contribute to this expansion.
Tokenized stocks represent another important driver. Products like xStocks enable trading on Solana of digital representations of U.S. stocks and ETFs. They can also be traded on Raydium, Jupiter, and Kamino Finance.
Solana’s decentralized exchange platforms processed $5.8 billion in tokenized stocks in the second quarter of 2026. The blockchain reportedly accounted for 95 to 97% of the global volume on this segment through decentralized exchanges.
This trend is also visible over a longer period. The value of RWAs available on Solana was nearly $1.4 billion in January. With $4.23 billion at the beginning of September, it has nearly tripled in eight months.
Solana Dominates Recent Flows, but Not Yet the Total Market The $348 million represents nearly 8% of the current value of RWAs distributed on Solana. Such a proportion attests to the importance of recent inflows, even though valuation fluctuations and new issuances can also increase the total.
Solana is not yet the leading network in the sector. Ethereum held nearly $17.2 billion in RWAs at the end of August, more than four times the amount on Solana. The announced lead exclusively concerns flows over the last thirty days.
This distinction remains essential. A blockchain can temporarily capture more capital without holding the highest asset stock. The continuity of the trend will now depend on maintaining flows, expanding the number of holders, and the effective use of assets in transactions, credit, or payments.
Ultimately, the next phase will be to verify if Solana keeps this first place over several months. A simultaneous evolution of assets under management and transfer volumes would further reinforce the scenario of sustainable adoption.
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Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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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.
THORSday Community Podcast #231 ft. codehans1, Devel484, CBarraford, KentonC137 & patriotsounds | September 3, 2026 | Watch the full episode on YouTube
By Raynalytics
TL;DRTHORChain completed a long-awaited churn, but the stability focus continues for another week before reassessment. Monero remains built and working on stagenet, with its mainnet launch still waiting. A Gaia pause interrupted the next churn during the show.Protocol-owned liquidity is active, with 20% of system income being routed toward POL. Denny showed almost $22,000 on day three, with deposits going into the TRON $USDT pool.Rujira's app layer has resumed with two contracts still disabled. Hans wants emergency halts followed by prompt contact with the affected team and a clear route to resolution.Devel argues base-layer limit orders could improve quotes and execution for all swappers. Chad and Hans question the complexity and priority; Rujira's oracle-based DCL offers another approach to keeping trading value inside the ecosystem.Chad is building better metrics and log access for AI-assisted maintenance. Kenton reported stronger AI discovery, while ADR30's delegated node permissions still needed more votes.1. Churn Returns, but Stability Still Sets the PaceTHORChain finally churned again, bringing relief after the extended disruption. Devel said the change in the active node set immediately improved average block times by about 300 milliseconds as troubled nodes left and healthy ones entered.
That progress does not end the stability-first period discussed last week. Chad's Thursday engineering call favored another week of focused fixes, followed by reassessment. Outstanding Solana issues were one reason to continue.
"I'm hesitant to say that we've completed our stability without achieving stability." (Chad)For Monero followers, the message was explicit: the integration is built, functioning and working on stagenet. The team has not abandoned it. Monero and Zcash remain behind the decision to resume adding chains, with no new launch date given.
During the show, a Gaia pause complicated the next churn. Chad said a security concern was being investigated; details were still emerging. It illustrated a dependency he wants to revisit: adding a chain currently requires a churn. As more chains and signing schemes make that process more complex, he wants to remove avoidable dependencies on it. That is a proposed direction, not a completed redesign.
2. POL Starts Building Pool Depth Every BlockProtocol-owned liquidity, or POL, supplied the week's other concrete milestone. The setting was 20% of system income, and Denny showed almost $22,000 accumulated on day three. Allocations happen every block; the current destination was the TRON $USDT pool.
The discussion described pool selection as being recalculated each churn cycle, directing new liquidity toward an eligible pool based on its activity. The purpose is to build depth that stays under protocol ownership. Raynalytics' POL Income dashboard tracks the allocations, deposits and pool priorities.
"Its only interest is to just supply more liquidity and more depth to the pools." (Chad)Denny explored whether this made THORChain resemble an ETF or an index fund. Chad drew a boundary around that analogy: holding $RUNE does not give someone a direct redeemable share of the POL portfolio. The intended benefit is indirect, through deeper pools, more useful trading capacity and the fees that activity can generate.
Kenton floated a possible future distribution to $TCY holders if POL became sufficiently large. Chad treated that as an option, not a commitment. Treasury rebalancing was also raised, including Oleg's suggested $500,000 move toward TRON stablecoin liquidity. No allocation decision was announced.
3. Rujira Resumes With Two Contracts Still PausedThere is a material update to Saturday's discussion of the app-layer pause: Rujira is running again. Hans said the bond contract and its trading pair remained disabled while the team double-checked the relevant query paths.
He said the non-determinism issue had been fixed in v3.20, with further checks intended to establish that nothing remained. The broader lesson concerns separation: complex financial logic can sit on the app layer, but the base-layer queries it calls must still behave deterministically and contract execution must be bounded.
Hans accepted that emergency controls need to be usable immediately. His proposed follow-through was to pull the lever when necessary, contact the relevant team, and establish a clear path to resolution.
"We weren't really sure what the correct process to get things reenabled was." (Hans)The group also discussed malicious use of pause powers. Chad described counter-votes and possible governance action against offending nodes; these were responses to a hypothetical attack, not an announced automatic penalty.
Hans explained one safeguard in Rujira's credit-account design: collateral can still be sent to a position's address when app-layer execution is paused, including supported secured assets. That can help protect a position during market moves, but it does not restore every action. App-layer-only positions cannot necessarily be sold while their contracts are halted.
4. BLO's Promise Meets the Cost of More ComplexityDevel's base-layer limit-order proposal, or BLO, produced the episode's longest debate. The disagreement centered on whether the execution benefits justify adding another trading mechanism alongside THORChain's AMM pools.
Chad evaluates a feature by implementation effort, risk and expected return. BLO would add code, maintenance obligations and operational questions about how two liquidity mechanisms interact. He remains open to it, but gives it a lower priority while stability work continues. Hans shared those concerns, drawing on years of building on-chain order books and the pitfalls of rounding, iteration limits and execution time.
Devel's case is that the initial users may be a small group of arbitrageurs, while the beneficiaries are everyone whose swaps reach the base layer.
"It improves the quote, it improves the result, it improves the speeds, it reduces refunding." (Devel)He said existing limit swaps have details that make them unattractive for arbitrageurs. BLO is designed around that workflow, with the aim of winning more quotes for ordinary users. Devel and the Maya Protocol team would likely provide much of the implementation, although core review and testing would still be necessary.
Oleg Petrov from SwapKit supplied a concrete example through chat: a user wanted a fast $20 million swap involving shallow pools. BLO could let market makers post liquidity and serve it in smaller chunks. Chad challenged the assumption that enough capital would be waiting there. Devel agreed that makers would need time to reallocate funds. The example shows the opportunity and the unresolved liquidity problem; it is not a claim that BLO already solves large swaps.
Hans also explained Dynamic Concentrated Liquidity, or DCL, which Rujira is developing. Instead of quoting only along a fixed curve, it uses the strategy's average entry price and THORChain's enshrined oracle price to adjust bids and asks. Its aim is to retain more trading profit and liquidity within the ecosystem.
Devel questioned whether external arbitrageurs would capture opportunities before the oracle-driven strategy reacts. Hans welcomed the resulting price competition. Neither DCL's profitability nor BLO's adoption was presented as proven. The designs could also interact: Hans said the app layer could use base-layer order functionality if it becomes available.
5. AI Maintenance Needs Better VisibilityHans and Chad agreed that agents can already use open blockchain interfaces. An agent can generate keys and broadcast transactions; a special agent-branded chain is not a prerequisite. A convenient cross-chain command-line wallet could help, but Hans noted that agents can also work with multiple existing tools.
Chad's immediate work is more operational. He wants protocol metrics pushed into Midgard, where statistical analysis can flag unusual values. An agent could then connect those anomalies to code and logs, investigate causes and potentially open a proposed fix.
The second piece is a THORNode API for querying logs over a block range. Together, these would give developers and agents more context without requiring every investigator to run a node. Devel said he already uses a restricted MCP server to give an agent log access, and had built monitoring that notified him when a churn succeeded.
There are limits. Data from one node may not explain why another node has a different app hash. Bifrost logs also remain a separate operator-controlled source. Chad discussed possible private, opt-in sharing later, while stressing that sensitive log contents require care. Broader visibility is work underway, not a deployed autonomous maintenance system.
6. Better AI Discovery, but a Weak August Fee-Test SampleKenton showed the swap site's score on Ora, reporting an improvement from 18/100 two months earlier to 89/100. He credited SEO work and the Unstoppable Wallet developers, and said he and Randy were now seeing daily API-key requests, including projects finding THORChain through AI search. Some requests were spam or individual inquiries, so this is evidence of visibility, not a count of signed integrations.
He is also replacing older “liquidity protocol” descriptions with “decentralized exchange” where possible, so search systems associate THORChain with a term people actually use.
"We have to stop inventing words that nobody uses." (Kenton)Distribution work continues through DeFi Llama: the first paid article has launched, with roughly monthly articles planned over the next year. Blockworks also announced its dashboard. Referral tracking links were still being finished.
On execution, Kenton reported fixes for THORChain Swap, including $USDT allowance handling and THORName address entry. He asked users to retest Bitcoin Taproot flows, including a reported Ledger issue, rather than treating every route as independently verified.
The dynamic-fee experiment had a less encouraging month. Chad reported roughly $187,000 of ShapeShift volume for THORChain in August, about 6.1% of the total. He considered the sample too small for a strong conclusion and wants to add higher-volume affiliates after the stability period, with Edge Wallet mentioned as a possibility. Better discovery and better routing economics still need to turn into sustained flow.
7. ADR30 and the Next Wave of Node OperatorsADR30 remained around 37% support during the recording. The Liquify proposal would let a node owner delegate selected tasks to other addresses without handing over the key controlling the bond. A team could separate routine operation from custody, making the setup more practical for professional infrastructure providers. The vote was still open; follow it on the governance tracker.
The standby queue was another sign of activity. Denny highlighted Runetard for helping bond providers become independent node operators and encouraged other multi-node operators to consider doing the same.
The group was cautious about accelerating churn merely to clear the backlog. Chad and Devel preferred gradual changes while reliability improves. Devel also highlighted the rule that the lowest-bonded node no longer has to leave unless the active set is at capacity, allowing smaller operators to remain when they perform well.
What to WatchNext Thursday's stability review: whether remaining issues are resolved enough to resume new-chain launches, including Monero and Zcash.POL deployment: how much income accumulates, where deposits land and how pool priorities change across churn cycles.Rujira's remaining pauses: completion of the contract checks and clearer communication around future emergency halts.BLO and DCL evidence: implementation review, testing, execution benefits and how much liquidity each design can attract.AI maintenance tooling: delivery of metrics and log access, with clear boundaries around operator-specific data.Conversion into flow: whether AI discovery, paid distribution and a broader dynamic-fee sample produce sustained activity.ADR30 and node growth: further votes, successful churns and independent operators entering the active set.More THORChain data, check out raynalytics.net
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TLDR: Shiba Inu exchange outflows surged 121.26%, although faster inflow growth reduced the bullish impact of the withdrawal increase. SHIB exchange inflows climbed 182.3% to about 1.68 billion tokens, leaving significantly more liquidity available on trading platforms. Shiba Inu price remains focused on the $0.00000500 support area after rebounding nearly 6% from its recent August weakness. Shytoshi Kusama changed his X location to “close” and bio to “Polish,” but no confirmed announcement explains those updates. Shiba Inu exchange outflows jumped sharply during the latest measured period, but heavier inflows limited the bullish impact for SHIB. CryptoQuant data showed the seven-day average outflow rising 121.26% to roughly 579 million tokens. However, exchange inflows increased much faster, climbing 182.3% to about 1.68 billion SHIB.
That imbalance left a positive net flow of 86.53 billion SHIB across monitored platforms. Rising reserves can keep more tokens available for sale if demand weakens. SHIB still traded 1.14% higher over 24 hours and remained almost 6% higher for the week. The rebound followed volatile trading after stronger August U.S. employment data.
Shiba Inu SHIB Price Shiba Inu Exchange Outflows Rise as Inflows Accelerate Shiba Inu exchange outflows often attract attention because withdrawals can reduce immediately tradable supply. Traders usually view sustained withdrawals as constructive when tokens move into private wallets. That pattern can signal lower near-term selling pressure and stronger holder conviction.
This time, however, the broader flow picture remained less supportive. SHIB exchange inflows climbed far faster than withdrawals during the same measured window. The seven-day average inflow reached about 1.68 billion tokens, compared with roughly 579 million leaving exchanges.
The difference matters because stronger deposits can raise the amount of SHIB available near current market prices. A positive exchange net flow means more tokens entered platforms than left them. That can create nearby supply even when headline outflow growth appears strong.
Cryptoquant data showed a positive net flow of 86.53 billion SHIB across monitored exchanges. Higher reserves do not guarantee immediate selling, since users may deposit tokens for several reasons. Still, the balance leaves traders watching whether buyers can absorb available liquidity without losing support.
Shiba Inu exchange outflows therefore offer only a partial bullish signal. The faster rise in SHIB exchange inflows weakens the case for a supply squeeze. Traders may need a sustained reversal in net flows before reading withdrawals as a stronger accumulation signal.
Shiba Inu Exchange Outflows Keep Price Support in Focus Price action remains equally important while exchange activity stays mixed. SHIB recently recovered from an August thirty-day low near $0.00000488. The token gained almost 6% during the week and rose 1.14% over the latest 24 hours.
The recovery keeps $0.00000500 as an important support area for short-term traders. Holding that level could help buyers preserve the recent rebound. A break below it may expose lower price zones if exchange liquidity remains elevated.
Momentum still appears fragile because stronger inflows can place more inventory near the market. Buyers must absorb that supply to keep the rebound intact. Without stronger demand, rising reserves could limit upside even while withdrawals continue increasing.
Community attention has also shifted toward Shytoshi Kusama after subtle changes to his X profile. The Shiba Inu lead ambassador changed his listed location to “close” from an earlier project-related description. His bio also changed to the single word “Polish.”
Prominent community members noticed the edits, but Kusama has not explained their meaning. The changes may point to project development, though no confirmed announcement has followed. Any direct link to a launch would remain speculative without additional communication.
Kusama previously discussed an AI-powered relationship platform during a February 2026 livestream. The project aimed to help couples identify behavioral patterns, friction points, and possible compatibility risks. His earlier profile language referenced final beta work and bug checks.
Shiba Inu exchange outflows will remain one useful indicator, but traders are also watching inflows and price structure. The next directional move may depend on whether exchange deposits slow and buyers defend $0.00000500. Kusama’s profile activity adds community interest, but on-chain liquidity remains the more measurable market signal.
For now, reserve growth keeps immediate selling risk firmly visible across major exchanges. A deposit slowdown could improve that market balance.
Shiba Inu saw a notable increase in exchange outflows, but the wider picture points to mounting supply-side pressure as inflows of SHIB to trading platforms grew even more quickly. CryptoQuant reported that the seven-day average SHIB outflow surged 121.26% to about 579 million tokens, while exchange inflows jumped 182.3% to approximately 1.68 billion tokens over the same period. This trend left net inflows positive and reserve balances for SHIB at elevated levels, drawing caution among traders focusing on liquidity risks.
Exchange outflow signals tempered by rapid inflow growthA spike in outflows is often interpreted as a bullish indicator if holders are withdrawing tokens for self-custody, potentially reducing near-term supply available for sale. However, market observers cautioned that the impact was undermined by faster inflows, which pushed net exchange flows higher in favor of additional supply.
With inflows reaching 1.68 billion SHIB and outflows at 579 million, the imbalance resulted in a positive net flow of 86.53 billion tokens across major exchanges. Elevated reserves can heighten risk for sellers if buying momentum weakens, because more tokens are available to trade at current prices.
CryptoQuant analysts outlined that increased deposits do not necessarily indicate imminent selling, as users might transfer tokens for multiple reasons. Nevertheless, the current structure still means buyers must absorb higher supply to sustain the latest price recovery.
While sustained withdrawals are often seen as constructive, the uptick in SHIB deposits outweighed outflows this cycle. Net positive exchange flows point to significant liquidity at hand if demand falters.
Against this backdrop, SHIB traded 1.14% higher within 24 hours and nearly 6% above weekly lows. The recovery followed a volatile stretch driven by stronger-than-expected U.S. employment data in August.
Price remains tied to key support while SHIB community watches developmentsSHIB recently rebounded from a thirty-day low near $0.00000488, with the $0.00000500 level emerging as key short-term support. Market participants are monitoring whether this area holds, as a breakdown could open further downside if reserves remain large and inflows persist.
Momentum continues to look fragile until buyers convincingly absorb the additional liquidity entering exchanges. Greater reserves often restrict upside potential because they represent tokens more easily sold if sentiment shifts. Traders suggested that a slowdown in deposits may be necessary before a sustained uptrend can develop.
Changing activity within the SHIB ecosystem kept the spotlight on its community ambassador, Shytoshi Kusama. Kusama updated his X profile location to “close” and changed his biography to “Polish,” stirring speculation among the community about project updates. However, no official announcement has clarified these alterations, and the meaning remains uncertain until new developments are confirmed.
The SHIB community remains attentive to Kusama’s recent profile changes, which featured a new location as “close” and a singular biography update to “Polish.” However, there has been no public statement explaining these edits, leaving their purpose open to interpretation.
Kusama had previously alluded to potential project launches, referencing an AI-powered platform earlier in the year, but the recent profile edits have yet to be linked to any event or release.
The dynamic between exchange inflows and outflows stays at the forefront for traders assessing SHIB’s short-term direction. Many believe that price action will pivot on whether inflows recede and if critical support holds in the face of persistent supply.
While technical structure and liquidity indicators shape SHIB’s outlook, broader shifts are underway in digital asset investing. Traditional market participation continues to evolve, as investors now deploy platforms like 1stepSwap to hold shares of leading U.S. equities, as well as gold and silver, directly within their crypto wallets. These solutions tokenize Real-World Assets and leverage automated price discovery across venues, effectively removing legacy intermediaries and reshaping market access for both traditional and crypto-native participants.
For SHIB specifically, analysts cautioned that immediate risks will remain as long as exchange balances trend higher. A reduction in inflows or renewed buying at critical support could alter the balance in favor of bulls. Until then, the spotlight will remain on liquidity dynamics and community updates alike.
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.
Pineapple Financial (NYSE American: PAPL) has moved more than $1 billion in residential mortgage records onto the Injective blockchain, the network announced in a blog post on September 4, 2026. The milestone makes Injective one of the largest layer-1 chains by total value of tokenized real-world assets, and it turns what began as a proof of concept into a live, publicly trackable loan book.
A Working Loan Book, Not a Synthetic Security Pineapple is migrating funded residential mortgage records onto Injective, with each loan represented by a metadata-rich onchain record tied to its underlying loan file rather than repackaged as a new mortgage-backed security. Each tokenized record carries more than 500 data points capturing loan-level data, provenance, and update history, Injective said. The original mortgage remains within its legal and servicing framework, while the onchain record acts as an auditable digital counterpart that gives authorized parties a consistent, verifiable view of the same information.
From $1 Billion Toward a $10 Billion Target Pineapple’s stated goal is to migrate its entire historical portfolio, more than 29,000 funded mortgages worth over $10 billion, onto the network over time. The migration is already measurable: the company’s dashboard shows 2,079 mortgage records onchain, up from 1,259 at the December 2025 launch, while Token Terminal lists the PAPL0 asset at roughly $1.1 billion in market cap. Those figures are Pineapple’s own reporting, and the company itself notes the progress remains early against the full portfolio.
Why Tokenizing Mortgage Records Matters The back office of mortgage markets still runs on fragmented records spread across PDFs, email threads, and separate operational systems, forcing servicers, custodians, and counterparties to reconcile ownership and servicing data by hand. By standardizing records onchain, Injective argues, participants can inspect the same underlying information and support automated verification, real-time audit trails, and more responsive risk analysis. The move echoes other efforts to put real-world assets onchain, including Figure’s push to bring billions in loans onchain.
The Infrastructure Behind the Migration The deployment draws on Injective Mint, a tokenization interface now in private alpha that lets institutions define assets, configure holder and jurisdictional restrictions, and manage issuance without writing custom contracts. Separately, Injective Institutional Services became registered with the U.S. Securities and Exchange Commission as a transfer agent on August 19, a step the network says gives its securities record layer a regulated function. Injective has also attracted real-world-asset pilots such as POSCO and LG CNS tokenizing trade receivables.
AUTHOR
Tokoni Uti is a Lagos-based writer with several years of experience. Her work has appeared in the Huffington Post, the Los Angeles Free Press and the San Diego Free press among others. She is a graduate of Bowen University.
Solana co-founder Anatoly Yakovenko has criticized Robinhood Chain fees, arguing that the brokerage profits from network congestion rather than charging users openly within its own app.
Robinhood Chain transaction fees now average roughly $0.40. Yakovenko says Solana handles the same work for a fraction of a cent.
Why Robinhood Chain Fees Keep ClimbingRobinhood Chain went live on mainnet on July 1, 2026. The network runs on Arbitrum technology, settles to Ethereum, and uses Ether (ETH) for gas.
Usage has climbed hard since. Robinhood Chain fees reached $4.22 million in one day against roughly 10.4 million transactions, data shows. That lands near $0.40 each.
Median costs point the same way. Currently, the network ranks first among 27 chains at $0.24, ahead of every rival. Congestion sets that price, not a posted rate.
Growth explains part of the pressure. Grayscale recently named Robinhood Chain among the three leading venues for tokenized stock trading, alongside BNB Chain and Solana.
Meanwhile, Solana charges a base fee of 5,000 lamports per signature. Lamports are Solana’s smallest unit, and 1 SOL equals 1 billion lamports.
At the current Solana price near $102, that fee stays well under a cent. Solana (SOL) is down 1.64% on the day.
Solana Price Performance. Source: BeInCrypto MarketsRobinhood Chain fees also feed Arbitrum. The brokerage hands over 10% of net revenue under its licensing terms. Of that, 8% goes to the Arbitrum DAO treasury, and 2% funds the Developer Guild.
Those payments have already revived Arbitrum’s ARB token, which climbed 90% off its record low. Yakovenko argues the same slice would cover Solana fees four times over.
What’s funny is that the 10% rev share to arb would have covered the solana tx fees 4 times over and rh could have given a totally gas less experience to users. https://t.co/QAt8LFMqTK
— toly 🇺🇸 (@toly) September 4, 2026 Not everyone reads Robinhood Chain fees that way. Gnosis co-founder Martin Köppelmann noted Robinhood earns money rather than giving the service away. He doubted the pitch would land.
Yakovenko replied that front ends typically charge 50 to 80 basis points. For example, Uniswap ranks among the busiest network apps, alongside Relay.
Still, Robinhood Chain fees are only one strain. The chain also stalled block production briefly this week, and users paid $0.40 anyway.
The wider question is who ends up paying. Users cover the $0.40, Ethereum takes its settlement cost, and Robinhood keeps the rest.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
According to Arkham’s monitoring, market maker Wintermute is continuously buying PONS tokens via the Time-Weighted Average Price (TWAP) strategy, with its current holdings valued at over $3 million. Arkham noted that Wintermute may soon provide market making services for PONS on-chain.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Pi Network further expands its crypto infrastructure. On September 4, the Core Team launched three tools aimed at developers: local storage, an API providing access to staking data specific to each application, and file or video sharing. The project also consolidated its technical documentation on a single platform to simplify the transition from development to launching an application.
In brief Pi Network adds local storage, a staking API, and file sharing. Some functions remain for now reserved for authorized applications. New documentation now centralizes the developer journey. The first novelty concerns local storage. It arrives a few weeks after the migration of Pi Network to the v26 protocol, another technical project carried out this summer. Authorized applications in Pi Browser can now store some data directly on a user’s device. Preferences, session state, or similar information no longer necessarily need to be stored and served from the developer’s own infrastructure.
Pi Network sees this as a way to reduce costs and technical complexity. Data remains on the Pioneer’s device and is not sent to the Pi crypto servers. The functionality must also remain consistent between Android and iOS.
However, there are several limits. Only whitelisted applications can use this function. Available space is limited, and old data can be deleted when it reaches capacity. So this is not guaranteed permanent storage.
The second tool: the Staking Data API. It allows a developer to check the amount of PI crypto effectively staked by a user in favor of their application within the Ecosystem Directory Staking. The calculation takes into account the number of PI committed, but also the staking duration. Access to this API is also initially reserved for authorized applications.
File sharing also arrives The third function is called Pi.shareFile. It allows an application to use the phone’s native functions directly to share files, images, or videos. A marketplace, for example, can let a user send a photo of a disputed product or a receipt. A game can offer immediate sharing of a screenshot or a video clip.
Pi Network continues work already visible with SLICE and tests conducted around its Launchpad. This time, the change directly affects the tools available to build applications. Developer documentation has also been reviewed. Until now, resources were scattered across several spaces: SDK documentation, Community Developer Guide, and GitHub repository. They are now grouped on a single official domain.
The new pathway covers app registration, sandbox, SDKs, authentication, crypto payments, preparation for Mainnet, and launch. Pi Network even adds AI-based support for integrating authentication and payments. It is less spectacular than a new blockchain or token launch. For a developer, it’s more concrete.
Pi Network must now turn the tools into use These new features address a simple problem: having a crypto blockchain is not enough if creating and maintaining apps remains complicated.
Pi Network has been trying for several months to shift some of its focus towards application utility. In June, the project had already strengthened the Ecosystem Directory Staking, a mechanism allowing users to lock PI to improve the visibility of certain apps in Pi Browser.
The new API extends this mechanism a bit further. Applications can now know the effective staking level directly associated with them and potentially build specific functions around their most engaged users.
This strategy to give more utility to ecosystem applications was already observed during previous upgrades of Pi Network. For now, no public data allows measuring the effect of the three new tools on the number of created applications, their usage, or demand for the PI crypto. Pi Network also has not specified how many applications will be authorized to access local storage and the Staking Data API during this first phase. This will be the next concrete indicator: not the number of functions added, but the number of applications that will actually use them.
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Fascinated by Bitcoin since 2017, Evariste has continuously researched the subject. While his initial interest was in trading, he now actively seeks to understand all advances centered on cryptocurrencies. As an editor, he strives to consistently deliver high-quality work that reflects the state of the sector as a whole.
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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.
CZ: Kyrgyzstan has established a cryptocurrency regulatory framework, and the stablecoin KGST has started circulating.
Binance founder Changpeng Zhao (CZ) announced in a post that he attended the third official meeting of Kyrgyzstan’s National Crypto Commission today, chaired by Kyrgyz President Sadyr Japarov. The meeting discussed topics including crypto regulatory frameworks, compliance, anti-money laundering (AML), anti-fraud, stablecoins, and asset tokenization—with a specific pilot project also covered in the tokenization sector. CZ noted that Kyrgyzstan’s crypto industry has made "real progress". Just about a year ago, a crypto regulatory framework was still just a concept in the country; now, Kyrgyzstan has established such a framework, opened local banking channels to serve crypto trading platforms, and its stablecoin KGST is already in market circulation.
1 seconds ago
Muse Spark 1.3 Max is officially launched: The most powerful reasoning tier is finally available.
Beating AI News Flash: Meta has officially launched Muse Spark 1.3 Max, the highest inference intensity variant of Muse Spark 1.3. When Muse Spark 1.3 was first released, the Max version was still undergoing additional security testing and only available as a preview to a small number of partners. Now that security testing is complete, it can be directly used in Muse Code and Meta Model API. Meta’s Chief AI Officer Alexandr Wang stated that Max is significantly more capable than the High and XHigh variants in programming and agent tasks. In Artificial Analysis’ Coding Agent Index, Muse Code paired with Muse Spark 1.3 Max scored 68 points, placing it in the first tier.
1 seconds ago
BNB’s sharp rally drove a broad surge in its ecosystem meme coins, with Binance Life jumping more than 17% in the past 24 hours.
According to HTX market data, BNB has surged sharply today, breaking through the $770 mark with a 24-hour increase of over 8%, driving a broad rally in its ecosystem meme coins. Among them: MARSCOIN is trading at $0.24, up 40.7% in 24 hours; 1000CAT is at $0.00264, up 36.36% in 24 hours; TUT is at $0.002843, up 24.67% in 24 hours; Binance Life is at $0.5653, up 17.48% in 24 hours; BROCCOLI714 is at $0.021, up 16.45% in 24 hours.
1 seconds ago
BNB rises to $770, surging over 8% in 24 hours.
According to HTX market data, BNB has risen to touch $770, currently trading at $769.91, with a 24-hour increase of 8.2%.
1 seconds ago
Analysis: Bitcoin OG holders are accelerating the transfer of their holdings, with on-chain activity rising significantly.
CryptoQuant analyst Darkfost noted in a recent post that on-chain activity among Bitcoin long-term holders (OGs) has picked up significantly. During the current phase of market consolidation, the 90-day moving average of spent UTXOs (STXOs) from investors holding BTC for over five years has risen to around 1,500 BTC. In May this year, the average amount of BTC transferred via UTXOs by this group was only half of the current level. In other words, over the past three months, Bitcoin long-term holders with over five years of holding history have been moving their BTC more frequently. This suggests that the ongoing market consolidation may be amplifying uncertainty among different types of investors, with even early Bitcoin holders who have weathered multiple market cycles starting to adjust their on-chain asset allocations. However, the transfer of BTC by OGs does not mean they are engaging in mass selling. Some funds may simply be moved to other wallets or more secure storage solutions; for example, the recent Coldcard incident may have prompted some holders to proactively adjust how they store their BTC. Therefore, current on-chain data primarily reflects increased activity among the OG group, and one cannot rely solely on UTXO transfer volumes to determine their specific buying or selling intentions.
1 seconds ago
Wintermute has continuously purchased over $3 million worth of PONS tokens, and may launch on-chain market making.
According to Arkham’s monitoring, market maker Wintermute is continuously buying PONS tokens via the Time-Weighted Average Price (TWAP) strategy, with its current holdings valued at over $3 million. Arkham noted that Wintermute may soon provide market making services for PONS on-chain.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
BNB’s sharp rally drove a broad surge in its ecosystem meme coins, with Binance Life jumping more than 17% in the past 24 hours.
According to HTX market data, BNB has surged sharply today, breaking through the $770 mark with a 24-hour increase of over 8%, driving a broad rally in its ecosystem meme coins. Among them: MARSCOIN is trading at $0.24, up 40.7% in 24 hours; 1000CAT is at $0.00264, up 36.36% in 24 hours; TUT is at $0.002843, up 24.67% in 24 hours; Binance Life is at $0.5653, up 17.48% in 24 hours; BROCCOLI714 is at $0.021, up 16.45% in 24 hours.
27 minutes ago
BNB rises to $770, surging over 8% in 24 hours.
According to HTX market data, BNB has risen to touch $770, currently trading at $769.91, with a 24-hour increase of 8.2%.
27 minutes ago
Analysis: Bitcoin OG holders are accelerating the transfer of their holdings, with on-chain activity rising significantly.
CryptoQuant analyst Darkfost noted in a recent post that on-chain activity among Bitcoin long-term holders (OGs) has picked up significantly. During the current phase of market consolidation, the 90-day moving average of spent UTXOs (STXOs) from investors holding BTC for over five years has risen to around 1,500 BTC. In May this year, the average amount of BTC transferred via UTXOs by this group was only half of the current level. In other words, over the past three months, Bitcoin long-term holders with over five years of holding history have been moving their BTC more frequently. This suggests that the ongoing market consolidation may be amplifying uncertainty among different types of investors, with even early Bitcoin holders who have weathered multiple market cycles starting to adjust their on-chain asset allocations. However, the transfer of BTC by OGs does not mean they are engaging in mass selling. Some funds may simply be moved to other wallets or more secure storage solutions; for example, the recent Coldcard incident may have prompted some holders to proactively adjust how they store their BTC. Therefore, current on-chain data primarily reflects increased activity among the OG group, and one cannot rely solely on UTXO transfer volumes to determine their specific buying or selling intentions.
27 minutes ago
Wintermute has continuously purchased over $3 million worth of PONS tokens, and may launch on-chain market making.
According to Arkham’s monitoring, market maker Wintermute is continuously buying PONS tokens via the Time-Weighted Average Price (TWAP) strategy, with its current holdings valued at over $3 million. Arkham noted that Wintermute may soon provide market making services for PONS on-chain.
27 minutes ago
Meme coin Basecat hits $70 million market cap, setting a new all-time high.
GMGN market data shows that cat-themed Meme coin Basecat on the Base blockchain has hit a $70 million market cap, an all-time high, with a 24-hour gain of around 36.24%. Coinbase previously launched BASECAT spot trading. As a highly recognizable cat-themed Meme in the Base ecosystem, Basecat has regained capital inflows amid warming multi-chain Meme sentiment. BlockBeats reminds users: Most Meme coins lack practical use cases and are highly volatile; please protect your assets and avoid FOMO.
27 minutes ago
US Central Command: U.S. Military Sank Three Oil Tankers Belonging to Iran's Revolutionary Guard Corps
U.S. Central Command (CENTCOM) released a statement saying that on September 5, after Iran’s Islamic Revolutionary Guard Corps (IRGC) launched ballistic missiles at two U.S. Navy warships patrolling in regional waters, CENTCOM forces struck three Iranian crude oil tankers. A U.S. aircraft carrier and a guided-missile destroyer successfully evaded multiple unprovoked Iranian attacks, with no U.S. casualties. Following the failed Iranian strikes, CENTCOM permanently sank the IRGC’s crude oil tanker *Downy* near Kharg Island and *Stark 1* near Jask. The U.S. military also completely destroyed the unloaded *Kelo* (also known as *Noxon*) in the Gulf of Oman: after the crew was ordered to abandon ship, U.S. forces hit multiple key parts of the vessel, leaving it unseaworthy. These three Iranian tankers are part of a multi-billion-dollar secret network that funds the IRGC and its regional proxies, and Iran was unable to protect the vessels.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
ARK Invest has highlighted the rapid acceleration of AI adoption and infrastructure development, according to a recent social media post by CEO Cathie Wood. The firm, known for its focus on disruptive innovation, has long advocated for the transformative potential of AI technology. The post aligns with ARK’s “Big Ideas 2026” research, which projects significant increases in AI infrastructure spending. This perspective positions ARK Invest as a major influencer in discussions about AI’s economic impact, reflecting confidence in sustained growth for AI-related sectors.
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Key Takeaways ARK Invest’s commentary suggests positive momentum for AI infrastructure development, consistent with increased valuation expectations for companies in the sector. Market pricing appears to reflect a potential uptick in investor confidence towards AI firms, including Anthropic, in light of ARK’s optimistic outlook. The post reinforces the notion that AI is not just a trend but a significant long-term capital expenditure opportunity. What to Watch Markets will be observing any announcements from major AI companies like Anthropic that could affirm ARK’s projections, such as new funding rounds or strategic partnerships with tech giants like Amazon or Google. Additionally, further updates from ARK Invest regarding their AI-related forecasts could influence valuation expectations. With 117 days remaining until December 31, developments in AI infrastructure spending and adoption rates are key indicators to monitor for potential shifts in market sentiment.
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Term Structure
Contract Odds Δ since publish Volume 24h December 31 3.5% 0.0¢ $0 View market → December 31 26.5% 0.0¢ $5K View market → December 31 81.5% 0.0¢ $271 View market → January 1 2027 8.8% 0.0¢ $7K View market → January 1 2027 5.9% +0.1¢ $3K View market → January 1 2027 89% 0.0¢ $209 View market → January 1 2027 46.5% -1¢ $2K View market → January 1 2027 95% 0.0¢ — View market → January 1 2027 6% 0.0¢ $1 View market → January 1 2027 5.5% 0.0¢ $51 View market → Updated 3min ago
Robinhood Chain has recorded less than 1% of its analyzed transactions through a contract clearly linked to Robinhood Wallet users, according to ARK Invest research director Lorenzo Valente.
Summary
Less than 1% of analyzed transactions passed through the confirmed Robinhood Wallet swap route. Valente estimated Robinhood-linked activity could reach about 5% after including unidentified contracts. GMGN and OKX accounted for much of the remaining activity identified in the analysis. Robinhood Chain remains open to outside wallets, trading terminals and EVM-compatible applications. According to Lorenzo Valente’s analysis, contract-level data indicates that most trading on Robinhood Chain comes from existing on-chain traders rather than new cryptocurrency users entering through Robinhood.
Valente, ARK Invest’s director of research for digital assets, examined which smart contracts generated transactions on the network. His review sought to separate activity that could be linked directly to Robinhood products from trades routed through outside wallets and applications.
Was debating this with the boys from @therollupco yesterday: is Robinhood Chain activity net-new users onboarded to crypto, or just the same degens ?
Dug into the contract-level data. My read: overwhelmingly the latter.
Robinhood Wallet routes swaps through 0x's Settler… pic.twitter.com/61Cgy8VOhN
— Lorenzo Valente (@LorenzoARK) September 4, 2026 Robinhood Wallet sends swaps through the 0x Settler contract, making that route the clearest source of transactions from the company’s wallet users, according to Valente. Transactions involving the contract represented less than 1% of the activity included in his analysis.
Allowing for contracts that could not be identified raised the possible Robinhood-linked share to about 5%, he estimated. Valente described the estimate as generous because some of the unidentified activity could also have come from outside trading services.
Robinhood Chain activity comes mainly from external platforms Most of the identifiable volume outside the 0x Settler route came through GMGN and OKX, Valente said. Both platforms give traders access to on-chain assets without requiring them to use Robinhood Wallet as their main entry point.
GMGN functions as a trading terminal for users seeking newly issued tokens and other speculative assets across several blockchains. OKX also offers a Web3 wallet and decentralized exchange tools that can connect to Ethereum Virtual Machine networks.
Comparing the transaction patterns across chains, Valente said the activity on Robinhood Chain resembled the behavior already seen from users of the same services elsewhere. He described the network as attracting the “same degens” to a new blockchain, rather than showing clear evidence that Robinhood had introduced a separate group of users to on-chain markets.
Valente framed the observation as his reading of the contract data, not a customer count supplied by Robinhood. Wallets can also interact through aggregators, custom contracts, or routes that make their original source difficult to identify, limiting how precisely public blockchain data can assign transactions to individual platforms.
The findings concern transaction origins rather than the number of people using each wallet. One address may belong to a single user, a trading bot, an application, or a service that combines transactions for several customers.
An open network complicates Robinhood user counts Robinhood Chain operates as a permissionless Ethereum Layer 2 built with Arbitrum technology. EVM-compatible wallets and applications can connect without holding a Robinhood brokerage account, while developers can deploy contracts without restricting access to the company’s customers.
Such access means the network’s total transactions, fees, and decentralized exchange volume cannot automatically be treated as Robinhood customer activity. A trade made through GMGN or OKX still appears on Robinhood Chain, even when the trader never enters through Robinhood’s wallet interface.
The distinction matters because the network has generated large trading and revenue figures since its July 1 mainnet launch. Crypto.news previously reported that three leading applications produced about 93% of measured application revenue during one 24-hour period.
GMGN led that snapshot with approximately $1.11 million, followed by the Pons token-launch platform with about $1.03 million and Uniswap with roughly $327,707. The concentration supported the view that a small group of crypto-native services drove much of the network’s early fee activity.
On Sept. 2, Robinhood Chain generated $4.01 million in chain revenue from $4.45 million in total fees, according to DeFiLlama data cited in a separate report. Its cumulative decentralized exchange volume had also crossed $47 billion in under two months, while GMGN and Pons accounted for much of the memecoin trading.
Robinhood has covered transaction costs during the network’s first 90 days, with the gas subsidy scheduled to run through the end of September. The free gas program has allowed traders and applications to execute transactions without paying the usual network fee themselves.
Tokenized stocks form a smaller but growing market Robinhood introduced the chain partly as infrastructure for tokenized stocks, real-world assets, and decentralized finance. Trading activity, however, has also spread into memecoins and newly issued tokens that are not central to the brokerage’s stock-token strategy.
Uniswap processed $1 billion in cumulative tokenized-stock volume on Robinhood Chain by Aug. 21. The total covered swaps involved several stock-linked tokens rather than assets deposited on the network or trading in a single product.
Stock tokens remain unavailable to investors in the United States. Robinhood has offered the products across more than 120 countries, according to its August earnings call, allowing eligible overseas customers to gain price exposure to U.S. stocks through blockchain-based instruments.
For American readers, Robinhood Markets remains the direct listed exposure to the company’s blockchain strategy through its Nasdaq-traded HOOD shares. On-chain transactions generated by outside services should not be treated as equivalent to new U.S. brokerage accounts, cryptocurrency customers, or revenue reported in Robinhood’s financial statements.
Robinhood reported 28.4 million funded customers at the end of the second quarter, up 1.9 million, or 7%, from a year earlier. Its investment accounts increased 9% to 29.9 million, while total platform assets reached $369 billion, according to the company’s second-quarter results.
Robinhood’s customer base remains a separate metric Supporters of the network have pointed to Robinhood’s existing customer base as a possible route for bringing more people on-chain. BitMine Chairman Tom Lee said in August that access to millions of funded accounts could make Robinhood Chain an important source of new Ethereum users.
Early network data has not yet established that connection, according to Valente’s contract review. Confirmed Robinhood Wallet routing represented only a small part of the transactions he examined, while trading terminals used by experienced crypto participants accounted for most of the activity he could identify.
Robinhood said during its second-quarter earnings call that it served more than 1 million accounts outside the United States. The company also reported quarterly revenue of $1.3 billion, up 32% from a year earlier, and said it added nearly 1 million funded customers during the quarter.
