Real World Asset (RWA) sector has seen a significant surge in interest following the world’s largest asset management company BlackRock’s recent entry into the tokenized asset market with its USD Corporate Digital Liquidity Fund (BUIDL). Experts are now pointing to Ondo (ONDO), MANTRA (OM), and Polymesh (POLYX) as the top picks for potential significant gains within the year. According to experts, these altcoins should be in the portfolio of investors chasing exponential growth.
Ondo (ONDO)A significant player in the RWA sector, Ondo operates on a decentralized autonomous organization (DAO) model, granting stakeholders the authority to shape the direction of Ondo Finance. BlackRock’s recent move to tokenize RWAs has increased interest in ONDO Finance, resulting in a notable 90% increase in the price of its mainnet asset ONDO in just 30 days.
MANTRA (OM)MANTRA stands out as a pioneering Security RWA Layer 1 network designed for seamless integration and compliance with existing regulatory frameworks. With the recent launch of the Hongbai Testnet, MANTRA aims to merge decentralized finance (DeFi) with traditional finance (TradFi) to innovate asset interactions in the finance sector.
The price of the network’s mainnet asset OM is also rising, fueled by the project’s strong initiatives, with data showing a 300% increase in the last 30 days.
Polymesh (POLYX)Polymesh, a Blockchain network specifically designed for regulated asset transactions, has seen a significant increase in value following BlackRock’s entry into the tokenized asset market.
Dedicated to corporate use, the price of Polymesh’s mainnet asset POLYX has made a significant 225% rise in just 30 days, reflecting the growing interest in altcoins associated with the regulated asset sector. Despite a recent drop of over 10% in the altcoin’s price, Polymesh’s dynamic growth is part of the crypto market’s volatile yet promising nature.
The increased interest in ONDO, OM, and POLYX indicates that the RWA sector’s potential for Blockchain-based investment, trading, and collateralization is gaining wider recognition. As major investors continue to monitor these projects for potential exponential returns, the RWA sector is poised for further growth and development in the coming months through innovative initiatives and increasing adoption in the financial ecosystem.
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.
Ondo Finance continues solidifying its name in the RWA space, with the network’s TVL soaring past the $500 million threshold.
It comes as real-world assets tokenization gains mainstream attention, with crypto-focused companies, global bankers, and asset managers front-running this interest.
ONDO Thrives on Real World Assets Tokenization BuzzOndo Finance’s Total Value Locked (TVL) has exploded 43% since May, moving from $352.67 million on May 1 to $506 million on June 6.
TVL is an important metric used to measure the adoption and success of decentralized finance platforms. The surge in Ondo Finance TVL indicates a significant increase in assets deposited into the protocol. It highlights growing interest, market confidence, increased activity, and the potential for ONDO price increase.
According to CoinGecko, ONDO stands out as the leader in RWA coins, boasting a market capitalization of $2 billion, which represents 21% of the $9.3 billion sector. Other prominent tokens include Pendle (PENDLE), MANTRA (OM), XDC Network (XDC), and Polymesh (POLYX).
Read More: What Are Tokenized Real-World Assets (RWA)? Everything You Need to Know
ONDO TVL. Source: DefiLlamaThe recent surge in TVL can be attributed to the growing interest among crypto-focused companies, global bankers, and asset managers in bringing traditional financial instruments such as bonds, funds, or credit to blockchains. Among them, BlackRock launched its tokenized treasury bond, BUIDL, on the Ethereum network.
Recognizing the fundamental potential of tokenizing securities to transform capital markets, the US Congress is acknowledging TradFi’s integration into the blockchain. In a Wednesday hearing, the US House Financial Services Digital Assets Subcommittee discussed the tokenization of RWAs, highlighting divergent views on the topic.
Read More: What is The Impact of Real World Asset (RWA) Tokenization?
ONDO Price OutlookOndo’s native token is trading with a bullish bias, with immediate support at $1.36, defending the 23% gains made in the last seven days. In the previous 24 hours, the RWA token price is up almost 3% amid ongoing bullish efforts toward further upside. Notably, the next directional bias is contingent on how ONDO bulls play their hand as they contend against the $1.44 roadblock that has held as resistance for six consecutive days.
The Relative Strength Index (RSI) positions at 69, sustaining the higher low points to strong bullish momentum. If the RSI holds above the ascending trendline, the Ondo Finance price could extend a neck higher.
A stable candlestick close above $1.44, where the ONDO price effectively closes above the centerline of the ascending parallel channel, would increase the chances for further upside. This could potentially lead the token to reach a new all-time high of $1.60.
Read more: Real World Asset (RWA) Backed Tokens Explained
ONDO/USDT 1D Chart. Source: TradingViewThe Moving Average Convergence Divergence (MACD) is notable above the signal line (orange band). This indicates that the short-term moving average is above the long-term moving average, which usually suggests a bullish momentum in ONDO’s price.
However, a closer look reveals a dropping RSI and a weak MACD, indicating seller momentum. Therefore, a price correction could happen. If the $1.36 support level breaks, ONDO Finance could drop to test the $1.16 support level, but only a daily candlestick close below $0.98 would invalidate the bullish outlook.
The real-world asset (RWA) crypto market is booming in 2026, with tokens such as ONDO, POLYX, and LAND leading the charge. With an increasing number of enticing projects emerging in quick succession, the fear of missing out (FOMO) is palpable. That said, we would advise that you don’t dive in blind. This guide teaches you how to invest in RWA crypto assets without complexities and while staying safe. Here’s what to know and how to buy real-world crypto assets.
KEY TAKEAWAYS
• Real-world asset (RWA) tokens represent digital ownership of physical assets like real estate, commodities, and securities.
• RWA tokens use blockchain technology to offer enhanced liquidity, security, and the ability to own fractional shares of physical assets.
• Popular RWA tokens include Polymesh, Ondo, MANTRA, Synthetix, etc.
• You can invest in RWA tokens through CEXs for better security or through DEXs for greater flexibility.
In this guide:
How to invest in RWA crypto tokens?What are RWA tokens?How to stay safe while investing in RWA crypto?Real-world crypto or real-world opportunities? How to invest in RWA crypto tokens? You can invest in RWA tokens through a centralized exchange (CEX) — which tends to be safer — or a decentralized exchange (DEX), should you want to enjoy the perks of early listings.
Using CEXs Using CEXs like Binance, Coinbase, or Kraken offers a straightforward way to invest in RWA crypto tokens. These platforms often have dedicated sections or tags for real-world assets (RWA), making it easier to identify and invest in them. Here’s what to do:
Research and select a CEX: Choose a reliable CEX that lists RWA tokens. Create an account: Sign up on the chosen platform and complete the verification process. Fund your account: Deposit funds into your account using your preferred method, such as a bank transfer, crypto transfer, or credit card. Select RWA tokens: Search for RWA tokens such as Landshare (LAND), Polymesh (POLYX), or Ondo (ONDO). Review their performance and market potential. How to invest in RWA crypto: Binance Make the purchase: Follow the platform’s instructions or choose from the existing listings to buy your selected RWA tokens. Be mindful of the trading pair you wish to work with. Secure your investment: To protect your tokens from potential hacks, transfer them to a secure wallet, preferably a hardware option. Using DEXs Decentralized exchanges list tokens early. To locate RWA tokens, you can track them via websites like CoinMarketCap, or analyze them more deeply using tools like DEXScreener. Once you have conducted sufficient research and have a solid investment and risk management strategy in place, you can head over to DEXs like Uniswap or SushiSwap.
Top RWA tokens by market cap (As of Aug. 16, 2024): CoinMarketCap Here are the steps to follow:
Connect your wallet: Use a crypto wallet like MetaMask to connect to the DEX. Fund your wallet: Ensure your wallet has sufficient funds. Ethereum (ETH) is often required, although this is dependent on the DEX. Select RWA tokens: Search for RWA tokens on your chosen DEX. The best approach is to locate a token on CoinMarketCap and then move to the exchange. Make the purchase: Execute the trade directly from your wallet. Confirm the transaction and pay any required gas fees. Monitor listings on CEXs: Sometimes, RWA tokens initially listed on DEXs are later listed on CEXs. Did you know? ELYSIA (EL) Token is an example of a real-world asset (RWA) token that was first listed on a decentralized exchange (DEX) and later on a centralized exchange (CEX). Initially, ELYSIA was traded on DEXs, leveraging the flexibility and reach of decentralized finance (DeFi). Later, ELYSIA partnered with BKEX, a global crypto exchange, to launch the world’s first RWA money pool on a CEX, significantly expanding its accessibility and investor base.
Holding RWAs on DEXs also allows traders to work with liquidity pools and earn passive income, although this comes with significant risk.
What are RWA tokens? Real-world asset (RWA) tokens digitally represent ownership of physical assets such as real estate, commodities, and securities. These tokens leverage blockchain technology to provide liquidity, security, and fractional ownership.
Investing in RWA tokens can come with a host of benefits. These include the scope to diversify your portfolio and enhance transparency while dealing in real-life investment items (for example, art, fine wine, or real estate).
Polymesh (POLYX) is one example of an RWA blockchain. Designed for regulatory-compliant trading of security tokens, the altchain offers a secure platform for tokenized securities.
Note that investing in RWA tokens also carries risk. The value of the underlying assets can be volatile, and the liquidity of these tokens may not always match that of traditional markets.
How to stay safe while investing in RWA crypto? To invest in RWA crypto while staying safe and avoiding crypto scams, ensure to:
Choose reputable platforms Enable two-factor authentication (2FA) Use secure wallets Verify smart contracts Diversify your investments Stay informed Beware of scams Legal and regulatory compliance Use DEXScreener and similar tools Backup your wallet Real-world crypto or real-world opportunities? Overall, whether through tokenized real estate, commodities, or securities, integrating RWA tokens into your portfolio can provide demonstrable benefits and opportunities in 2026. You can take advantage of the tokenization drive and opportunities in this emerging market by following the steps outlined above.
When learning how to invest in RWA crypto, it’s crucial to prioritize security every step of the way. Make sure to use reputable platforms and a secure wallet, and only interact with verified smart contracts. Never invest more than you can afford to lose. Remember, the crypto market is volatile, and profits are never guaranteed.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
Polymesh (POLYX) price breached the resistance level at $0.498, signaling a bullish outlook.
This upward movement might prompt a retracement, presenting an opportunity for sideline buyers to accumulate before a potential further increase.
Polymesh price looks promising Polymesh price daily candlestick closed above $0.498 on Monday, surpassing its previous resistance level, which could trigger a pullback.
Sideline buyers interested in accumulating POLYX may consider the following levels.
The 38.20% Fibonacci retracement level at $0.448 that aligns closely with the ascending trendline. The 50-day Exponential Moving Average (EMA) line at $0.428, which roughly coincides with the daily bullish order block area extending between $0.448 and $0.428 from June 8. A bullish order block is an area where market participants, such as institutional traders, have placed huge buy orders. If Polymesh price rebounds from the $0.448 level, it could rally 25% to its previous daily close of $0.555 on April 8. This bounce is supported by indicators like the Relative Strength Index (RSI) and Awesome Oscillator (AO), both comfortably above their respective mean levels of 50 and 0. These momentum indicators strongly indicate bullish dominance.
POLYX/USDT 1-day chart
However, if the POLYX daily candlestick closes below $0.399 and establishes a lower low on the daily timeframe, it may signal a shift in market dynamics that favors bearish sentiment.
Such a change could nullify the bullish outlook, leading to a 21% crash in the Polymesh price to the previous support level of $0.314.
Upbit, South Korea's largest cryptocurrency exchange, started the day with altcoin announcements. At this point, Upbit announced that it would list a new altcoin and stated that this altcoin is Galxe (GAL).
Upbit announced that it will list GAL on KRW trading pairs.
“On July 11, 2024, GAL will be added to the KRW market on Upbit.
Listing for GAL is planned on the KRW trading pair on the Ethereum network.
Be sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than those specified are not supported.”
It's on my second list too! Apart from Upbit, listing news also came from South Korean stock exchange Bithumb. At this point, Bithumb, South Korea's second largest cryptocurrency exchange, announced that it has listed the altcoin named PolyMesh (POLYX).
Bithumb announced that it will list POLYX on KRW trading pairs.
“On July 11, 2024, POLYX will be added to the KRW marketplace on Bithumb.
Listing for POLYX is planned on the KRW trading pair on the Polymesh network. Deposits via other networks are not supported.”
After the listing news, GAL and POLYX prices started to rise. While GAL experienced an increase of up to 30%, it gave back some of its gains.
POLYX, on the other hand, increased by up to 12%.
*This is not investment advice.
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TLDR A Colorado church group is tokenizing its $2.5 million chapel to raise funds for purchase The project is led by Pastor Blake Bush, who says he was inspired by God to use blockchain They created “Stone Coin” tokens on the Polymesh blockchain through REtokens The initial offering targets accredited investors, with plans to open to congregants later This may be the first tokenized church building in the world A network of churches in Northern Colorado is turning to blockchain technology in an innovative attempt to purchase their rented place of worship.
The Colorado House of Prayer, led by Pastor Blake Bush, has launched a tokenization project to raise $2.5 million for the acquisition of the Old Stone Church in downtown Fort Collins.
The historic 19th-century stone building, which the group has been renting for the past two years, is currently owned by Warren Yoder, a local businessman who purchased it in 2022 for $2.2 million. Bush’s organization now aims to buy the 11,457-square-foot structure using a method rarely seen in religious circles: cryptocurrency tokens.
“I heard the Lord say ‘tokenize the building,'” Bush told Forbes, explaining his inspiration for the project. “I’ve been praying for this for years, and God said, ‘Son, go get my house.'”
To accomplish this goal, the Colorado House of Prayer partnered with REtokens, a Spokane, Washington-based company specializing in real estate tokenization. Together, they created “Stone Coin,” a digital asset running on the Polymesh blockchain, a platform designed for tokenized securities.
The initial phase of the offering, launched recently, targets accredited investors with a minimum investment of $50,000. The project aims to raise the full $2.5 million within its first year. Future plans include opening token sales to non-accredited investors, including church congregants, at $500 per token with a $1,500 minimum investment.
Unlike traditional church fundraising, which often involves tax-deductible donations, this tokenization project is structured as an investment. Token holders will be subject to normal income and capital gains taxes, receiving K-1 partnership distributions.
The project’s pitch deck projects
“a 2-3% yearly increase on each token in accordance with the rise in real estate value in downtown Fort Collins,” plus a small dividend based on rent received by the LLC. However, Bush emphasizes that profit should not be the primary motivation for investors. “You’re not in this to make profits. You’re in this to do good in the community,” he stated.
Governance of the Old Stone Church will be managed by a board, which includes Bush, other religious leaders, and local officials such as the mayor of nearby Severance, Colorado. Token holders will have limited voting rights, including electing the board president and voting on potential sale of the building.
This tokenization project comes at a time when many churches across the United States are facing financial challenges. Mark Elsdon, a minister and developer, estimates that up to 100,000 Christian church properties could be sold or repurposed in the next decade.
While the Old Stone Church tokenization may be a first for religious buildings, it’s part of a growing trend of real estate tokenization. REtokens and Polymesh recently announced plans to jointly tokenize $30 million in real estate assets.
The Colorado House of Prayer describes itself as a network of churches working together, rather than a single denomination. The Old Stone Church currently hosts multiple religious groups, including a Korean congregation that holds weekly services.
As the project moves forward, it faces both opportunities and challenges. While tokenization could provide a new funding model for religious organizations, it also introduces complexities around securities regulations and investor expectations.
Bush remains optimistic about the project’s potential. He envisions forming a foundation to help other groups tokenize their historic buildings, seeing a possible convergence of blockchain technology and religious community funding.
As of the latest reports, the Colorado House of Prayer has raised approximately half of its $2.5 million goal for the Old Stone Church purchase.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Polymesh (POLYX) continues to extend its gains, trading around $0.132 at the time of writing on Tuesday, after a 5% rally over the past two days. Derivatives data reinforces the bullish sentiment, with POLYX’s funding rates turning positive, open interest climbing and long positions increasing. The technical analysis suggests that POLYX may be poised for double-digit gains on the horizon, making it a key altcoin to watch this week.
POLYX’s derivatives data shows a bullish biasCoinglass derivatives data show that POLYX Open Interest (OI) surged by nearly 7% in the last 24 hours, reaching $8.70 million. An increased buying activity fuels the OI spike, suggesting heightened optimism surrounding Polymesh. Additionally, its long-to-short ratio also stands at 1.01, indicating that traders are betting on the asset price to rise.
Polymesh derivatives data chart. Source: Coinglass
Coinglass’s OI-weighted Funding Rate data shows that the metric has flipped to a positive rate, reading 0.0097% on Tuesday, indicating that longs are paying shorts. Historically, as shown in the chart below, when the funding rates have flipped from negative to positive, POLYX’s price has generally rallied sharply.
Polymesh funding rate chart. Source: Coinglass
Polymesh’s technical outlook suggests a double-digit gainPolymesh price broke above a descending trendline (drawn by connecting multiple highs since mid-May) on Sunday and rallied by nearly 5% until the next day. At the time of writing on Tuesday, it continues to trade higher by 2.2% at around $0.132.
If POLYX continues its upward momentum, it could extend the rally by nearly 10% from its current levels to retest the 100-day Exponential Moving Average (EMA) at $0.146.
The Relative Strength Index (RSI) on the daily chart reads 53 and points upwards, indicating that bullish momentum is gaining traction. Additionally, the Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover on June 28. It also shows rising green histogram bars above its neutral zero line, suggesting bullish momentum is gaining traction and continuing an upward trend.
POLYX/USDT daily chart
However, if Polymesh faces a correction, it could extend the decline to retest its Sunday low at $0.122.
Polymesh joined partners at the BDACS 1 Day Ideathon in Busan to support real-world, multichain blockchain innovation and expand its presence in Korea.
This past weekend, Polymesh partner BDACS turned Busan’s BEXCO Exhibition Center into a buzzing hive for creative collaboration and blockchain innovation, hosting the city’s first-ever Ideathon under the theme of “multichain-based digital services.”
Over 200 students, developers, and blockchain entrepreneurs converged for the BDACS 1 Day Ideathon, where teams pitched projects honed over weeks of online mentoring, intense preparation, and repeated iteration.
Supported by Busan Metropolitan City and Busan Ilbo, the Ideathon brought together blockchain platforms – including Avalanche, GK8 by Galaxy, and Polymesh – as well as Woori Bank, BDAN, and academics from Pusan National University and Sogang University to mentor and educate participants.
Representing Polymesh, Nick Cafaro (Head of Product) and Zoë Poole (Senior Marketing Manager) joined as judges and mentors supporting the next generation of talent in Korea to explore multi-chain applications with real-world value.
Participants and mentors at the BDACS 1 Day Ideathon, Busan. Provided by BDACS.
Real-world industry use casesWhat made the Ideathon unique was its focus on practical, industry-ready use cases over purely ideative applications. Teams explored how multi-chain infrastructure could unlock new efficiencies and opportunities in various industries with local relevance in Korea, including trade, finance, and payments, as well as tourism, music, and workforce management.
The Grand Prize winner, Triangle, exemplified this approach with a proposed digital solution to trade finance review automation explicitly conceived for the local Busan Port’s shipping industry.
While blockchain’s implementation in global trade is complicated – the trade industry inherits a confusing legal legacy – Triangle’s initial idea to use Polymesh as the underlying chain for record keeping and compliant transactions highlights why Ideathons matter. They’re a place to dream big, test ideas, and encounter real-world feedback necessary to further hone one’s thinking.
Triangle’s focus on Polymesh’s compliance framework shows sophisticated thinking about regulated industries, even as the path to implementation remains complex. While wholesale transformation of global trade may take decades, there are other near-term opportunities where Polymesh’s native compliance functionality can deliver value, such as tokenized invoices using non-fungible tokens (NFTs). Pilot programs at local ports like Busan could offer valuable proof-of-concepts for these applications.
Polymesh Head of Product Nick Cafaro speaking at the BDACS 1 Day Ideathon in Busan, discussing the importance of compliance in blockchain innovation. Provided by BDACS.
Highlights and Winners As noted above, the Grand Prize went to Triangle, but seven other standout teams also received awards:
Excellence Awards: NextWave Busan, QuantusMerit Awards: ChainBridge, TxMEEncouragement Awards: MemenToken, WTKSpecial Award (Busan Mayor’s Award): SparkleTriangle shared the following remark in their acceptance speech:
“My idea came from a personal wish to see Korea take the lead in digitalizing trade-related documents. As more than half of the nation’s trade volume flows through Busan, I believe it’s deeply meaningful for such innovation to begin here.”
Triangle wasn’t the only team to make a heartfelt nod to Busan. Sparkle – a team of undergraduates from Pusan National University’s Department of Business Administration – cited Busan’s reputation as a regulation-free blockchain zone informed their choice of university, expressing deep gratitude to BDACS for hosting the Ideathon, the first opportunity for young participants like them to engage with the local blockchain ecosystem.
It was a touching reminder that the future of this industry involves the next generation of talent, and reveals that Busan’s vision to become a blockchain hub is working. Young talent is choosing to come to Busan precisely because of its blockchain involvement, and entrepreneurs are conceptualizing projects tailored to pressing issues in local industries.
Award winners and mentors celebrate at the BDACS 1 Day Ideathon closing ceremony. Proided by BDACS.
Polymesh’s Commitment to KoreaThe Ideathon’s success extended well beyond the competition itself, generating strong local and national interest with over 50 media features in Korean outlets, including a feature in Busan Ilbo, a KNN television broadcast, and a MTN interview where Nick discussed how Korea’s leadership in stablecoin legislation will impact RWAs and STO adoption.
“Stablecoin regulation lays the foundation for tokenized financial products because it ensures that digital cash and digital securities can safely interoperate. Once clear rules are in place for stablecoins, institutionalization is only a matter of time.”
– Nick Cafaro, Head of Product, Polymesh LabsFor Polymesh, the event underscored our commitment to fostering compliant tokenization and expanding in the Korean market.
Over the past year, Polymesh has sponsored Korea Blockchain Week, supported BDACS at industry events, conducted local user research, and released a Korean-language user guide to make our platform more accessible.
Zoë’s current presence in Korea also reflects our long-term investment in building relationships with credible partners and understanding local needs and priorities.
Supporting BDACS’ 1 Day Ideathon marked a natural continuation of these initiatives, and an opportunity to connect directly with Korean talent actively exploring how blockchains like Polymesh can power compliant, institutional-grade applications.
We’d like to extend thanks to BDACS for hosting an inspiring event, as well as to the partners, mentors, and participants who contributed.
Join AlphaPoint and Polymesh for an in-depth look at how tokenization is being applied to traditional financial instruments, from equities and bonds to funds and other RWAs.
Join AlphaPoint and Polymesh for a focused discussion on how tokenization is being applied in real institutional workflows – from equities to funds – and what this means for institutions moving value onchain.
Together, we'll explore how market participants are using blockchain infrastructure to streamline settlement, enhance transparency, and support more efficient secondary markets while maintaining reguatory and operational integrity.
DetailsDate: Wednesday, November 19, 2025
Time: 12pm ET
Speakers:
Nick Cafaro, Head ofProduct, Polymesh LabsJoaquín Ayuso de Paul, Chief Product Officer, AlphaPointRegister: https://us06web.zoom.us/webinar/register/WN_m6Wnpi7iSfSOfdVAkd9HgA#/registration
About AlphaPoint
AlphaPoint provides institutional-grade digital asset infrastructure, powering exchanges, brokerages, payment networks, and banks with secure, compliant, and scalable solutions for tokenization, trading, custody, and lifecycle management. AlphaPoint has served over 150 customers in 35+ countries. For more information, visit www.alphapoint.com.
About Polymesh / POLYXPolymesh is an institutional-grade public permissioned blockchain built specifically for regulated assets. It streamlines outdated processes and opens the door to new financial instruments by solving challenges around governance, identity, compliance, confidentiality, and settlement. POLYX is the native protocol token for Polymesh, used for fees, staking, governance, and securing the network. Learn more at www.polymesh.network.
New capability enables confidential, audit-ready asset transfers on a public permissioned blockchain.
Polymesh, the public permissioned blockchain purpose-built for regulated assets, today announced the launch of Confidential Assets on the Polymesh DevNet. This new capability introduces private, fully auditable settlement flows for real-world assets (RWAs), enabling institutions to conduct onchain activity without exposing sensitive positions, transaction sizes, or counterparty information.
The launch of Confidential Assets allows institutional participants to move RWA workflows onchain while keeping participant identities, balances, and transfer amounts confidential, with controlled visibility for auditors and regulators.
Confidential Assets are powered by P-DART, a protocol developed by Polymesh Labs in collaboration with researchers at the University of Edinburgh. The system encrypts key elements of a transaction – including identity, amounts, and asset identifiers – while maintaining verifiability and settlement finality. The approach allows issuers to appoint auditors who can decrypt activity when required for regulatory, legal, or operational reasons.
Institutions have historically faced a trade-off between staying in private, siloed environments to preserve confidentiality or operating on public chains that introduce transparency incompatible with market workflows. Confidential Assets are designed to remove this tension by combining privacy with enforcement and oversight on a public permissioned network.
Key Capabilities
Encrypted balances, amounts, and identities, preserving confidentiality for market participants. Designated auditor access, enabling regulated entities to view transaction details for reporting or dispute resolution. Non-interactive confidential transfers, supporting asynchronous workflows used in institutional settings. Issuer-led force transfer support, allowing corrections related to errors, legal actions, or key loss within appropriate frameworks. Multi-asset atomic settlement, enabling confidential multi-leg transactions to settle simultaneously. The DevNet release provides a dedicated environment for developers and market operators to test confidential settlement workflows ahead of future testnet and mainnet deployments without impacting broader network stability. The environment is suited for prototyping confidential OTC workflows, private asset issuance, fund operations, block trades, and other regulated market structures.
Confidential Assets are available now on the Polymesh DevNet for developers, custodians, tokenisation platforms, and market operators evaluating confidential settlement workflows ahead of future network rollouts. To access the DevNet, users can go to https://devnet-confidential.polymesh.dev/.
About Polymesh Labs
Polymesh Labs is dedicated to the growth of the Polymesh ecosystem through Polymesh and Polymesh Private. Polymesh is a leading public permissioned blockchain purpose-built for real-world assets that streamlines capital markets and opens the door to new financial products. Polymesh Private is a private permissioned instance of Polymesh that can be deployed by enterprises.
tZERO Group, Inc., a blockchain-powered multi-asset infrastructure provider, announced a partnership with Polymath, the company behind Polymesh – an L1 blockchain built for real-world assets. The partnership brings together Polymath’s RWA blockchain tech and tZERO’s broker-dealer and tokenization capabilities to support issuers seeking to “tokenize assets on the Polymesh network.”
Polymath and tZERO will aim to support issuers interested in tokenizing on Polymesh while “leveraging tZERO’s infrastructure – including the potential for tZERO Securities to serve as broker-dealer of record where applicable.”
This collab enables issuers to complete primary offerings on Polymesh through tZERO’s tokenization and compliance workflows and, “where eligible, access secondary trading on tZERO’s SEC-regulated Alternative Trading System (ATS).”
The combined model streamlines issuer onboarding, “enhances regulatory confidence, and provides a pathway from issuance to lifecycle management.”
As part of the relationship, tZERO will also operate “a validator node on Polymesh, underscoring a commitment to the network’s governance, security, and long-term ecosystem development.”
Polymesh is said to be designed for regulated financial assets, “offering native identity, compliance, and governance frameworks.”
Pairing Polymath’s L1 chain architecture with tZERO’s regulatory and market structure expertise provides “issuers with a combined solution that is purpose-built for real-world tokenization at institutional scale.”
This collab strengthens the RWA ecosystem by “aligning Polymath’s L1 chain governance with tZERO’s regulated stack, enabling a foundation for issuers looking to launch, manage, and grow digital asset programs.”
Polymath is the fintech company tokenizing the global financial system.
The company is “transforming the private securities market with a white-label SaaS platform that tokenizes real-world assets.”
As mentioned in the announcement, Polymath lets issuers “design compliant, efficient issuance flows while integrating via APIs with custodians, fund-management platforms, cap-table tools, CRM systems, and KYC/AML providers.”
Polymath now reportedly brings “security, liquidity, and efficiency to private markets.”
Polymesh is described as an institutional-grade permissioned blockchain “built specifically for regulated assets.”
It streamlines traditional workflows and “opens the door to new financial instruments by solving challenges around governance, identity, compliance, confidentiality, and settlement.”
As noted in the update, tZERO Group, Inc. and its broker-dealer subsidiaries provide a “liquidity platform for private companies and assets.”
They offer solutions for issuers “looking to digitize their capital table through blockchain tech, and make such equity available for trading on an alternative trading system.”
tZERO, via its broker-dealer subsidiaries, “democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors.”
As covered, tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC.
It is the broker-dealer custodian of all digital asset securities that are “offered on tZERO’s online brokerage platform.”
It operates in accordance “with the SEC’s statement, dated Dec 23, 2020, regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers.”
Private asset transactions and settlements meet the public blockchain. Confidential Assets now live on the Polymesh DevNet – the new era of private tokenization begins.
For years, institutions exploring real‑world asset (RWA) tokenization have been burdened with a difficult trade‑off: maintain confidentiality in private, walled environments, or move onchain to improve shared-state compliance, auditability, and lifecycle automation at the risk of exposing sensitive positions and flows.
With the launch of Confidential Assets on the new Polymesh DevNet, this trade‑off disappears.
Powered by P-DART, Confidential Assets enables RWA settlement on a shared ledger while keeping participant identities, balances and transaction amounts confidential, with controlled transparency for regulators, auditors, and other designated oversight roles.
We’re delighted to share that Confidential Assets are now live on the Polymesh DevNet, giving builders a dedicated environment for experimentation ahead of testnet and mainnet release.
This milestone release reflects years of research and collaboration between Polymesh Labs and the University of Edinburgh, as well as the broader effort to design privacy that supports regulation rather than working around it.
Below is a focused overview of why Confidential Assets matter, what they enable, and how to get started.
Why Confidentiality Matters for Real‑World AssetsInstitutions have operational and compliance requirements, and confidentiality is one of them; counterparty exposure, position data, settlement intent, and trade size should remain confidential. At the same time, regulated assets require auditability, enforcement, and control.
Today, most institutional workflows operate offchain because public blockchains reveal information that should remain private:
Positions and flows become visible to the market Large allocations, redemptions, rebalancing events, or block trades can signal strategy, reveal alpha, and impact pricing.
Order books and OTC workflows don’t map cleanly to transparent ledgersPre-trade intent and negotiation are often sensitive and not suitable for public mempools or explorers.
Regulators require controlled transparency; neither total opacity nor total openness Institutions must protect client confidentiality while ensuring appropriate oversight. Regulators and auditors should have visibility; unknown others should not.
The result is a patchwork of partial solutions – private side letters, bilateral spreadsheets, or fully private ledgers – that fragment liquidity and introduce operational friction.
Polymesh confidentiality addresses this issue from a critical new dimension, unifying privacy, enforceable compliance, and settlement, ultimately letting participants preserve privacy within the comfort of a public, purpose-built blockchain.
What Are Confidential Assets?In contrast to zero-knowledge L1s, privacy coins, or enterprise permissioned chains, Polymesh confidentiality coexists with compliance and operational control. Confidential Assets represent the evolution over MERCAT, combining encrypted balances, transfer amounts, asset and investor identifiers with Polymesh’s native settlement to enable confidential transactions that remain verifiable, enforceable, and audit-ready. Complex technology; simple delivery.
Learn more about P-DART, the protocol behind Confidential Assets.
Key benefits of Polymesh confidentiality
Smaller Proof sizesThe transaction protocol, purpose-built for financial institutions, uses zero-knowledge proofs tailored for Polymesh workflows. Diverging from generalized zero-knowledge proofs allows P-DART to maintain efficient proofs for higher throughput – a key requirement for real-world financial transactions that rely on speed.
Built-in auditor decryptionAsset issuers can approve auditors or grant other required entities the ability to decrypt transaction details when needed, enabling compliant reporting and dispute resolution without exposing positions to the broader network.
Non-interactive confidential transfersTransfers can be created and validated without both parties being online or coordinating in real time, supporting asynchronous institutional workflows across systems and timezones.
Reversibility via force transfer supportErrors, legal actions, or mandated corrections can be addressed by the Asset issuer through force transfer support – something most privacy systems cannot provide.
Multi-asset confidential transfers through atomic settlementPolymesh’s instruction-based settlement engine allows multi-leg, multi-asset transfers to execute atomically, while asset types and positions remain unknown to outside observers.
Together, these capabilities deliver confidential, compliance-ready asset flows on a public permissioned chain – something other privacy solutions cannot offer in combination.
Why debut on a DevNet?Confidentiality introduces new developer patterns, new cryptographic workflows, and new integration surfaces that interact with existing pallets, such as identity and settlement. Launching on a dedicated DevNet allows for testing of cryptography, auditor flows, mediation, and logic without introducing early instability to broader ecosystem environments.
DevNet is not for production implementations. Instead, it’s a sandbox for experimenting in an environment where iteration speed is high and breaking changes are expected.
Developers can utilize the DevNet to experiment and prototype safely, model real institutional workflows, and shape upcoming testnet and mainnet releases. Teams can build and test full lifecycle flows without operational risk, and early builders have direct influence on final parameters.
Eventually, we’ll roll out confidentiality features to the testnet and then mainnet; for now, we’re excited to offer the DevNet for users to integrate, experiment, and prepare long before Confidential Assets is production-ready.
What Can You Build? Key Use CasesConfidential Assets supports onchain workflows where positions, flows, or transactions must remain private. Early examples include:
Tokenized Private Assets (e.g. private equity; private debt) Settle private securities – such as private equity or private credit – while keeping investor allocations, transaction amounts, and asset movements confidential, with rights-based visibility enabling controlled auditor or mediator access.
Learn more about Polymesh tokenization for equity and debt.
Privately negotiated trading (OTC and RFQ workflows)Support negotiated transactions – such as OTC (over-the-counter) agreements or RFQ (request-for-quote) processes – with confidential transaction sizes and private positions. Settlement remains fully onchain using atomic delivery‑versus‑payment.
Tokenized Funds & Structured ProductsIssue confidential fund units or structured products where investor holdings and activity are kept private, yet administrators and regulators retain required insight. Lifecycle events such as subscriptions and redemptions still settle securely onchain.
Dark Pools & Block TradesFor large trades that may move markets if exposed too early, Polymesh’s confidentiality functionality brings much-needed privacy. Venues can match and execute trades privately while ensuring final movement of assets remains atomically onchain and auditable.
These use cases represent only the starting point; the DevNet is designed to support a wide range of institutional privacy‑preserving workflows.
Who Should Join the DevNet?The DevNet is built for anyone looking to interact and experiment with Confidential Assets on Polymesh. This may include:
custodians and trust companies exploring confidential settlement and safekeeping;exchanges, broker-dealers, and alternative trading systems building private or semi-private workflows onchain; tokenization platforms and RWA issuers designing private or hybrid asset structures;DeFi and onchain credit protocols integrating regulated, private markets into protocol designs;Infrastructure and middleware providers adding support for confidential balances or transfers.In short, the DevNet is designed for developers and businesses looking to move workflows onchain that involve sensitive market data.
Getting started with the Polymesh DevNetWe invite developers, custodians, market operators, and ecosystem partners to begin integrating and experimenting on DevNet, accessible at https://devnet-confidential.polymesh.dev/.
In addition, we recommend the following resources for assistance:
1. Sign up for DevNet and developer updates Sign up on the Polymesh Confidentiality page to receive future access details, such as planned testnet or mainnet rollouts.
Developers should also sign up for Developer Updates to get notified of any future chain updates that may include breaking changes.
2. Review the documentation Get a high-level overview on the Polymesh Confidentiality page, or dive deeper with the:
technical paper, detailing how P-DART extends the DART protocol to PolymeshGithub repo containing the code for P-DART
3. Connect with the developer toolingDiscover available tooling in the Developer Portal: the SDK, REST API, and other functionality for building end-to-end encrypted workflows.
4. Share your feedbackEarly builders directly influence the roadmap. Tell us what works, what doesn’t, and what you need next. Get in touch with us at [email protected] or by joining the Polymesh Discord.
Confidential Assets on the Polymesh DevNet open the door to tokenized private markets on public blockchain infrastructure, uniting privacy with enforceable compliance and settlement at the base layer.
DevNet is now live. Access it now at https://devnet-confidential.polymesh.dev/.
Polymesh Private guide is now available in Arabic, supporting MENA institutions with permissioned tokenization infrastructure designed for regulatory compliance and public optionality.
We’re delighted to release the Polymesh Private guide, now in Arabic!
Why Arabic? → It’s to capture momentum in MENA by aiding our local industry partners. Check out our blog update on UAE tokenization to learn how clear regulatory frameworks have RWA tokenization in the region moving from policy topic to operational reality.
Why Polymesh Private? → Polymesh Private is more likely to matter to the conversations happening in the Gulf and wider Middle East, where protocol flexibility is highly valued by regulators.
Our approach aims to consider how tokenization initiatives in the MENA region are actually evaluated and enacted, which is through various institutional layers and formal review processes (not bottom-up from individual product teams or crypto startups).
Different jurisdictions, shared constraintsFrom our regional efforts, we’ve learned that while regulatory clarity and a multi-jurisdictional approach characterize the UAE, in other places, the trajectory is more centralized and yet evolving. And in both cases, institutions are cautious about infrastructure choices that force premature commitments to open models or potentially volatile tokenomics.
Whether a place is focusing on pilot projects and readily moving towards live production, there’s pressure in MENA on correct form: better compliance tooling, robust networks, clean asset lifecycle management, and infrastructure that can scale after approval – exactly what Polymesh Private provides.
In Saudi Arabia in particular, financial market infrastructure tends to be coordinated, policy-led, and long-term in nature. Recent RWA activity may look public-facing, but the control model is private-first. The focus is on permissioned infrastructure, known participants, market access control, and centralized or regulator-led governance, not open networks.
Public capabilities, private control Even if Polymesh offers many of these features – for example, identity and now confidentiality – as public infrastructure, it implies public shared-state and governance controls that may not align with regulator preferences.
Polymesh Private, on the other hand, allows network operation within a controlled environment, where network access and parameters (e.g. use of a public token) are entirely up to operator control. It’s useful for regions where regulation is not yet fully codified and a private, permissioned environment looks less like a limitation and more like a prerequisite.
Preserving optionalityInstead of choosing between prematurely committing to a public network or remaining locked in a private environment, Polymesh Private preserves optionality. Institutions can deploy now, adjust as policy evolves, integrate public network improvements, and eventually transition to a public network when conditions become favourable.
Meeting the region where it isThis is why we chose to translate the Polymesh Private guide. It’s not a translation for marketing, or a statement about where the region will ultimately land. It’s about meeting MENA where it is today.
The Arabic version of the Polymesh Private guide is intended to support the conversations already taking place across regulators, market operators, and infrastructure providers, in the language and framing in which those conversations are often conducted.
As tokenization across MENA continues to mature – quickly, deliberately – the question will not be whether regulated assets can move onchain but how this transition will happen. Polymesh Private is designed for that moment.
Read the Polymesh Private Guide in Arabic → polymesh.network/private/guide/ar
Learn more about Polymesh Private → polymesh.network/private
Polymesh v7.4.0 is now live on Mainnet, introducing Account ID based asset balances to simplify settlement flows while preserving full identity driven compliance.
This release introduces an important, non breaking enhancement to the settlement model: Account IDs can now hold asset balances directly. It is the first step toward providing a more streamlined, account oriented experience, while preserving the identity and compliance framework that underpins Polymesh.
This release represents a major step forward in the Polymesh evolution, bringing the intuitive balance model of traditional blockchains to regulated settlement while maintaining the compliance guarantees and regulatory controls that make Polymesh unique.
What's New: Account ID Asset BalancesHistorically, all Polymesh assets were held in Portfolios associated with Identities, DIDs. Portfolios remain a core concept and continue to be fully supported. While this model provides powerful organizational and compliance capabilities, it introduced an additional layer of abstraction that differed from traditional blockchain workflows.
With v7.4.0, asset balances can now also be associated directly with an Account ID, a signing key public key address.
Transactions that previously accepted a Portfolio have been updated to also accept an Account ID as an alternate input extending the capability of the existing settlement related transactions.
This does not remove the role of identity. An Account ID must still be linked to an on chain identity. A key improvement is that new functions have been added that perform the Account ID to DID lookup internally during transfers. This reduces the need for off chain identity resolution and simplifies the transaction flow for developers and integrators.
The result is a model that feels closer to traditional blockchains, where balances are typically stored at the key or account level, while still leveraging Polymesh’s settlement engine for compliance and regulatory enforcement.
Simpler Account Based TransfersTo support Account ID balances, v7.4.0 introduces new Asset module transactions that enable streamlined, single leg transfers between Account IDs:
These new transactions allow a sender to initiate a transfer directly from their Account ID balance to a receiver's Account ID. Because identity resolution happens on chain, callers do not need to perform a separate DID lookup before initiating or affirming a transfer. Compliance checks, double spend prevention and settlement guarantees remain fully enforced by the existing settlement engine.
The transactions also support immediate execution in the block the transaction is submitted providing clear feedback in failure cases.
For transfers:
If the receiver has pre-approved the asset, the transfer executes immediately in the same blockIf not pre-approved, a settlement instruction is created pending the receiver's confirmation
For affirmations:
Upon affirmation, if all compliance requirements are met, the instruction executes immediately in the same transactionIf compliance checks do not pass the transaction fails immediately, allowing the receiver to address issues and retryGetting Started with Account ID BalancesBefore using the new transfer flow, an Account ID must hold an asset balance.
This can be achieved in two ways:
Receiving assets through the existing settlement flow, specifying an Account ID as the destinationMoving funds between a traditional Portfolio and an Account ID under the same identityThese options ensure full backward compatibility. Existing portfolio based workflows continue to function exactly as before.
Still Identity DrivenWhile balances can now be held at the Account ID level, they remain anchored to on chain identities. An Account ID must be linked as a primary or secondary key to a DID, and all compliance checks continue to be evaluated at the identity level.
This design preserves Polymesh’s distinction between identities and keys, ensuring that simplification of transfers does not weaken regulatory controls.
SDK and Portal Updates Coming SoonSupport for Account ID based balances will soon be reflected in updates to the Polymesh SDK and the Polymesh Portal, making it easier for developers and users to take advantage of the new functionality.
These updates will streamline integration and expose the new transfer flows through familiar tooling and interfaces.
Looking Ahead to v8.0Version 7.4.0 is a foundational, non breaking release.
In the coming months, we are targeting v8.0 as the next major upgrade. That release will expand Account ID based balance support further and is expected to remove the need to reference a DID when providing an Account ID in settlement transactions. Because that change will modify existing interfaces making it a breaking change, it is planned to be included in the next major release.
Polymesh v7.4.0 delivers immediate usability improvements today and lays the groundwork for a more intuitive, account oriented settlement model in future updates.
Explore the DetailsFor comprehensive technical documentation, see:
Settlement Overview – How settlements and Account ID transfers work under the hoodPortfolios – New Account ID portfolio sectionAsset Transfers – Detailed settlement flows and examplesQuestions?Join the conversation in the Polymesh Community or reach out to the core team. We're excited to see how Account ID asset balances enable new use cases and simpler integrations!
Polymesh v8 upgrade advisory: changes to POLYX transfers, events, balances, and memo/DID handling for exchanges, wallets, and custody providers.
TL;DRUpgrade timeline: Polymesh v8 expected May 2026, with ≥4 weeks notice before mainnet upgradeEvent changes:balances.Transfer will no longer include memo or DID fieldsUse balances.TransferWithMemo for memo-based depositsAction required (deposits):Memo-based systems → switch to TransferWithMemo (available since v7.4)Address-based systems → use TransferDo not parse both events for the same transferExtrinsics: legacy transfer removed, use standard Substrate calls (transfer_*)Balances: update parsing to use frozen instead of miscFrozen / feeFrozenTransferable balance formula updatedDID requirement removed (since v7.3):Receiving addresses do not need a DIDRemove any DID checks on withdrawal validationOverviewPolymesh runtime v8 is an upcoming release. This bulletin is provided in advance so that exchange, custody, and wallet teams can plan and prepare integration changes ahead of the upgrade. The mainnet upgrade is expected in May 2026. A firm date will be announced at least 4 weeks in advance.
This bulletin is for exchange, custody, and wallet engineering teams that support on-chain POLYX transfers and balance reconciliation.
Scope: POLYX token transfer flows on the Polymesh blockchain (balances pallet behavior and related account-balance semantics).
Polymesh runtime v8 aligns POLYX balance behavior with the upstream Polkadot SDK (Substrate) balances model and interface.
The rationale for this change is to:
Reduce network-specific integration logicImprove compatibility with standard Polkadot SDK wallets, indexers, and operational toolingMake transfer semantics and storage layout more predictable across Polkadot SDK-based environmentsFor exchanges, custody platforms, and wallet providers, this results in simpler long-term maintenance, fewer custom parsing rules, and clearer forward compatibility as upstream standards evolve.
What Changes in v81) Transfer ExtrinsicsThe POLYX transfer API surface moves to the standard balances calls:
transfer_allow_deathtransfer_keep_alivetransfer_allThe legacy transfer call is removed. transfer_with_memo remains available for memo-bearing transfers.
For withdrawals or sending POLYX, integrations should support at least one of the four transfer methods (transfer_allow_death, transfer_keep_alive, transfer_all, or transfer_with_memo).
Supporting any one of these methods is sufficient. However, it is recommended, but not mandatory, to support transfer_with_memo for outgoing transfers, since some destinations, such as exchanges, require unique memos for deposit attribution.
2) Transfer EventsCurrent Event Structure (v7.4, pre-v8)The balances.Transfer event currently emits six fields:
balances.Transfer( from_did: Option<IdentityId>, from: AccountId, to_did: Option<IdentityId>, to: AccountId, amount: Balance, memo: Option<Memo> ) The balances.TransferWithMemo event (introduced in v7.4) emits four fields:
balances.TransferWithMemo( from: AccountId, to: AccountId, amount: Balance, memo: Memo )In v7.4, POLYX transfers executed via transfer_with_memo emit both Transfer and TransferWithMemo. Integrations should parse only one of these event streams for deposit accounting to avoid double counting.
v8 Event StructureIn v8, balances.Transfer aligns with the standard Polkadot SDK format and drops the identity and memo fields:
balances.TransferWithMemo remains unchanged and is emitted only when the transfer_with_memo extrinsic is used.
This means:
Standard transfers emit only Transfertransfer_with_memo emits both Transfer and TransferWithMemoCompatibility Note for Current Runtime (v7.4)balances.TransferWithMemo was introduced in v7.4 specifically to provide forward compatibility with v8. Because v8 removes the identity and memo fields from the standard Transfer event, a dedicated event was introduced in advance so that memo-based POLYX deposit flows can continue to function across the upgrade.
TransferWithMemo is compatible with both v7.4 and v8. Exchanges that track memo-based POLYX deposits should switch to consuming TransferWithMemo.
Important:
In v7.4, TransferWithMemo is emitted only when transfer_with_memo is used
When it is emitted, Transfer is also emitted for the same extrinsicParse only one event stream per flow to avoid double countingNote on Deposit Address StrategySince v7.3, Polymesh no longer requires an account to have an associated Decentralised Identity (DID) in order to receive POLYX or participate in staking.
This has a direct practical implication for exchanges.
Prior to v7.3, every receiving address required a DID, which made unique per-user deposit addresses difficult to operate at scale. Memo-based deposits to a shared address were commonly used as a workaround.
With DID requirements removed for POLYX, exchanges can now allocate a unique on-chain deposit address per user, following the standard pattern used across most Polkadot SDK-based chains, without requiring each user to hold a DID.
Both deposit models remain fully supported:
Approach Event to parse Notes Memo-based deposits (shared address) balances.TransferWithMemo Memo identifies the user, available since v7.4, forward-compatible with v8 Unique deposit address per user balances.Transfer Standard pattern, no memo required Important: Since v7.3, receiving addresses are not required to have an associated DID to receive POLYX. Integrations should not enforce DID existence checks when validating withdrawal destinations, as this can lead to valid transfers being incorrectly rejected.
3) system.account Balance Data Layoutsystem.account.data moves from:
freereservedmiscFrozenfeeFrozento:
freereservedfrozenflagsAccount data is migrated in two stages.
At upgrade time:
miscFrozen and feeFrozen are replaced with a single single frozen value. flags is initialised to the same value as frozen. free and reserved remain unchanged.
After the account is next updated (for example, via transfer or staking):
reserved is recalculated to reflect upstream semantics, free is adjusted accordingly, and flags is updated to its full upstream format including version bits.
The v8 transferable balance formula below produces correct results for accounts in either state.
free is the account free balancereserved is protocol-reserved balancefrozen is the total locked or frozen amountED is the existential depositSince Polymesh uses ED = 0, this simplifies to:
transferable = free - max(0, frozen - reserved) In v8, an account’s total balance remains free + reserved. The reserved field now reflects protocol-reserved funds such as staked tokens, so reported free balances may differ from pre-v8 for accounts.
5) transfer_keep_alive vs transfer_allow_deathBoth calls are exposed for compatibility with standard Polkadot SDK balances tooling.
With ED = 0 and no account reaping at zero balance, their practical behavior is equivalent for exchange integrations.
Integration Guidance for ExchangesUse the following as your implementation baseline:
Support at least one of the four transfer methods for withdrawals (transfer_allow_death, transfer_keep_alive, transfer_all, or transfer_with_memo)Prefer supporting transfer_with_memo for outgoing transfers where counterparties require memosDo not require a DID for withdrawal destination addressesFor memo-based deposits, consume balances.TransferWithMemoFor address-based deposits, consume balances.TransferDo not parse both events for the same transfer flow in v7.4 or v8Treat the presence of a transfer event as the authoritative signal that value movedUpdate balance parsing logic to handle frozen and flagsUpdate available balance computation to the v8 formulaSummaryPolymesh runtime v8 standardises POLYX balance interfaces and event semantics around the upstream Polkadot SDK model, while preserving memo-capable transfers via TransferWithMemo.
Exchanges that adopt TransferWithMemo for memo-based flows and update balance and storage handling in advance will be well positioned for a smooth v8 transition.
Polymesh v8 introduces self-registered DIDs, simplified asset transfers, expanded account-based ownership, EVM smart contract support, and Confidential Assets on Testnet.
The Polymesh v8 upgrade is approaching and will introduce some of the most significant changes to the network since launch.
We are currently targeting the following rollout schedule:
Testnet: 24 June 2026
Mainnet: 22 July 2026
Polymesh v8 focuses on simplifying onboarding, reducing transaction friction, expanding asset ownership models, and improving compatibility with broader blockchain tooling, while maintaining the flexibility required by regulated asset ecosystems.
This release also includes a substantial upgrade of the underlying blockchain framework and modules to Polkadot SDK version stable2603-2.
Taken together, these changes represent an important evolution of the platform. The release removes several sources of friction that have historically impacted users and developers while introducing new capabilities that expand how applications can be built on Polymesh.
Who Should Read This?This upgrade is particularly relevant for:
DevelopersIntegratorsInfrastructure OperatorsAsset IssuersWallet ProvidersAt a GlancePolymesh v8 introduces:
Self-registered DIDs, no CDD Claim requiredDID Registrars replacing CDD ProvidersReceiver affirmations become opt-inExpanded account-based ownership for assets and NFTsAsset allowances and delegated spendingEVM smart contract support via PolkaVM and ReviveGeneric Polkadot Ledger app supportConfidential Assets available on TestnetUpgrade to Polkadot SDK stable2603-2Infrastructure Releases Available NowNode binaries and Docker images for v8.0.0 are already available. Nodes can be upgraded ahead of the runtime upgrade, allowing infrastructure operators to begin preparation immediately.
Infrastructure operators are strongly encouraged to upgrade and begin testing as soon as possible.
Simpler Identity OnboardingOne of the biggest changes in v8 is a new approach to identity registration.
Historically, users joining Polymesh were required to obtain a DID through a CDD Provider, complete identity verification, and receive a CDD Claim before participating on the network. While this model established a trusted identity framework, it also introduced onboarding friction for users and developers.
In practice, asset issuers and applications still needed to perform their own onboarding and KYC processes to satisfy regulatory requirements. This often resulted in users completing multiple onboarding flows before they could begin using an application.
Polymesh v8 removes the requirement for CDD Claims and allows users to self-register DIDs directly on-chain.
CDD Providers are being migrated to a new DID Registrar model. Permissioned DID Registrars can continue to register identities on behalf of users, while users who do not require a registrar can create identities directly.
The result is a significantly simpler onboarding experience while retaining flexibility for institutions and applications that wish to manage identity registration workflows.
Simpler Asset TransfersAnother major change in v8 is the transfer affirmation model.
Historically, transfers required receiver affirmations by default, adding additional steps before assets could settle. While this helps prevent unwanted transfers, it also adds friction to the transfer flow.
In v8, receiver affirmations are disabled by default for all users.
Users can still require receiver affirmations when needed by enabling them, but the default experience is now significantly simpler and more closely aligned with user expectations from other blockchain ecosystems.
This reduces friction while preserving the ability to enforce additional controls when necessary.
Important: Applications that assume all transfers require receiver approval should review their transfer flows before the chain is upgraded.
Expanded Account Based Asset OwnershipPolymesh v7.4 introduced support for account based native asset balances as an alternative to traditional portfolio based ownership.
Polymesh v8 extends this model to support NFTs, introduces a new settlement.transferFunds method, removes the need to specify a DID in addition to an account address, and simplifies the account based settlement flow.
Identity owned portfolios remain fully supported and continue to be the preferred model for many institutional workflows where share control via secondary keys is required. However, developers can now choose between portfolio based and account based ownership models depending on their application requirements.
The Polymesh Portal has been updated accordingly, with the Portfolio page evolving into a Balances experience that supports both portfolios and accounts, and the Transfers page supporting account based transfers.
Asset Approvals and Delegated Spendingv8 introduces approval based allowances for key held assets.
This allows an account holder to authorize another account or smart contract to transfer assets on its behalf within defined limits. Without an allowance, only the account key holder can transfer assets associated with that key.
These delegated spending capabilities enable new application patterns and align Polymesh more closely with workflows commonly found across the broader blockchain ecosystem, such as ERC20 style tokens.
Allowances work in conjunction with the new settlement.transferFunds method.
EVM Smart Contract SupportPolymesh v8 introduces EVM compatibility through PolkaVM and the Revive pallet.
Developers can build Solidity based smart contracts while continuing to leverage Polymesh identity and asset infrastructure.
This opens the door to a broader range of developer tooling and application architectures while maintaining access to Polymesh specific functionality.
Hardware Wallet and Ledger Support UpdatesWith v8, Polymesh will also support the generic Polkadot Ledger application as well as the Polkadot Migration app, expanding hardware wallet compatibility across the ecosystem.
At Mainnet launch, the existing Polymesh Ledger application will be updated to a Polymesh branded version of the generic Polkadot app, while continuing to use the Polymesh specific key derivation path to ensure compatibility with existing accounts.
The Polymesh wallet extension has already been updated to support all three wallet options.
These generic Ledger applications use a metadata hash based approach, enabling support for clear signing of current and future transaction types without requiring frequent application updates as the runtime evolves.
Confidential Assets on TestnetPolymesh v8 also introduces Confidential Assets, as previously previewed on Devnet, to Testnet.
This functionality enables counterparty privacy, asset confidentiality, and balance confidentiality while maintaining the compliance and auditability requirements expected of regulated assets.
Confidential Assets will be available for experimentation and feedback on Testnet but will remain disabled on Mainnet while additional development, testing, and auditing activities continue.
This Testnet release allows developers and ecosystem participants to begin exploring the functionality and providing feedback ahead of a future Mainnet activation.
Look out for more information on Polymesh Confidential Assets in the coming weeks.
Required Software VersionsDevelopers and integrators should begin preparing to upgrade to:
Polymesh v8.0.0polymesh-sdk v30.0.0polymesh-types v7.4.0polymesh-subquery v19.6.0polymesh-rest-api v8.1.0-alpha.1 or newerThe SDK release is compatible with both the current network and v8, allowing applications to begin preparing before the upgrade.
What Happens Next?In the coming days and weeks we will publish:
Migration guidanceUpdated documentationInfrastructure upgrade guidanceUpdated Confidential Assets documentationWe encourage all developers, integrators, infrastructure operators, and ecosystem participants to begin testing against Testnet as soon as it becomes available.
If you have any questions, please reach out via Discord or our support channels.
Thank you to everyone who has contributed feedback, testing, and development throughout the v8 cycle.
We look forward to seeing what the community builds with Polymesh v8.
With Nof1’s live AI trading competition and Coinbase’s newly launched x402 protocol becoming major industry talking points, AI Agents are rapidly expanding their use cases across finance and payments.
As a representative protocol for AI payments, how does x402 differ from traditional payment systems? What scenarios does it serve? And as AI payments mature, what other foreseeable applications might AI Agents unlock? This Guest Expert piece summarizes perspectives shared by Haipo Yang, Founder and CEO of ViaBTC, on the feasibility of x402 and the future potential of AI collaboration networks.
Q: x402 has recently become a hot topic in the industry. What is the view on using token payments—like x402—to solve payment problems for AI?
Haipo Yang: From an engineering standpoint, x402 is a relatively simple protocol. Its core value is not inventing a new payment method, but packaging on-chain payments as a standardized web service—and introducing a Facilitator to address trust and execution challenges in on-chain payments.
Many comparisons are made between x402 and traditional payment systems, but these systems serve different “users.” Alipay and Visa offer excellent payment experiences, but they are designed for humans, not for AI Agents. For AI Agents, traditional payment systems currently create two obvious obstacles:
1) High entry barriers: It is difficult for scripts to open bank accounts and complete KYC, while generating a wallet address capable of paying on-chain can be done with a single line of code. 2) High friction costs: AI interactions are high-frequency and fragmented. An Agent might call a data API once and pay $0.0001. Routing that through card networks can introduce fees that exceed the payment itself. In practice, x402 leverages token programmability—together with the intermediary role of the Facilitator—to enable automated micropayments. In this context, the Facilitator functions like “Alipay for the machine world,” absorbing on-chain confirmation complexity so Agents can complete high-frequency transactions in milliseconds.
In conventional on-chain payments, interactions can be slow and complex. x402’s approach allows a Facilitator to operate as an execution layer for on-chain transactions: verifying signatures, fronting gas, submitting transactions, and handling on-chain details. The payer submits a signature to the Facilitator rather than directly performing on-chain operations. For both buyers and sellers, this reduces integration complexity by centralizing trust and settlement in the Facilitator.
Q: What is the outlook for x402, and what limitations might it face in real-world adoption?
Haipo Yang: x402’s long-term value primarily lies in an Agent-to-Agent economic network rather than consumer-facing payment experiences. For end users, payments should become invisible. In the future, an AI Agent is unlikely to ask a user to “scan to pay.” Instead, a user might set an instruction such as “Analyze the market every morning at 9 a.m.” The Agent could then call multiple service providers in the background for news or social data. Fees generated by high-frequency API calls can be settled automatically through x402, enabling service consumption end-to-end with minimal human intervention.
This model can shift API monetization from subscription memberships to truly pay-as-you-go usage, because x402 naturally fits machine-to-machine collaboration that is high-frequency and highly fragmented.
There is also an often-overlooked security advantage. Allowing an Agent to transact using a credit card number creates effectively unlimited liability. If an Agent is compromised or behaves incorrectly, it could generate uncontrolled spending. With a token wallet, spending limits can be enforced—for example, a capped “pocket money” balance of 100 USDC—keeping potential losses controllable.
However, x402’s simplicity also makes its limitations clear. The protocol relies heavily on Facilitators such as Coinbase. This simplifies development but introduces a centralization risk and a potential single point of failure. If a Facilitator goes offline, behaves maliciously, or censors transactions, the payment flow can break.
In addition, because x402 is designed to be simple, it does not cover certain real-world commerce requirements—such as refunds—within the protocol itself. Disputes around unfinished services or defective goods often require reversals, and irreversibility can make such flows harder to implement.
In parallel, broader Agent payment protocols are being explored, including Google’s AP2, with goals such as accommodating card networks, supporting cryptocurrencies, and handling complex flows like refunds. In the long run, more comprehensive standards may be desirable—but multi-stakeholder complexity can slow deployment. x402’s advantage is immediate usability: a wallet plus code is sufficient to start.
Q: In practice today, where are AI Agents delivering real value?
Haipo Yang: At present, the biggest beneficiaries of AI Agents remain developers. AI pair programming has become routine for many engineers, and tools such as Cursor have seen broad adoption. For large, architecturally complex projects, full responsibility is typically not delegated to Agents at this stage. But for tedious, time-consuming tasks—such as code review, unit testing, and parts of algorithmic logic generation—Agents can meaningfully reduce workload and save time.
Another notable area is enabling non-technical users. “Vibe coding” has attracted attention because it allows people without programming backgrounds to translate ideas into code through natural language. That said, Agent output often requires repeated debugging. Rapid prototyping becomes possible, but after many iterations codebases can become bloated and harder to maintain. Even so, a partial success rate can still be valuable because it enables a 0-to-1 leap for non-technical creators.
Agents are also increasingly useful for small, common workplace needs. For example, generating an icon, a button style, or a simple UI sketch previously required designer support. Agents can now produce quick drafts, reducing back-and-forth and accelerating iteration.
Despite current limitations, these capabilities are already sufficient for small teams and independent developers building demos or MVPs.
Q: Looking ahead, where is the biggest opportunity for AI Agents—and could crypto see similar new experiments?
Haipo Yang: Over a longer cycle, the opportunity for AI Agents is unlikely to remain confined to developer assistance. Future possibilities include more autonomous collaboration and autonomous procurement.
Industry experiments are emerging. For example, Nof1’s live AI trading competition effectively allows Agents built on different models to test strategy capabilities in real market environments. In this setting, Agents move beyond providing information to humans and begin forming closed loops of perception and action.
More exchanges are also starting to support MCP (Model Context Protocol). CoinEx, within the ViaBTC ecosystem, has published an MCP service on GitHub. With MCP services, an Agent can directly access an exchange’s real-time quotes, candlestick (K-line) data, and news feeds, then combine that data with model reasoning for deeper analysis. In principle, an Agent can generate strategies based on a user’s risk preferences and—when deployed locally—can also place orders automatically.
This trajectory enables automated trading and more intelligent market making. By observing real-time market depth, volatility, and trading volume, an Agent can dynamically adjust order prices and sizes, improving market efficiency and liquidity. These developments indicate a shift from “helping with research” to “supporting decisions and execution.”
Within this model, x402 can provide the economic rail for Agent collaboration. For example, an Agent tasked with producing an in-depth Bitcoin research report may lack certain data inputs. It can automatically call other Agents for on-chain position and transaction datasets, or for sentiment summaries aggregated from news, completing micropayments for each service behind the scenes. The end user receives a single report, while multiple Agent-to-Agent microtransactions occur in the background.
Taken together, Nof1 highlights decision-making in live environments, MCP supports data access and execution, and x402 enables economic collaboration among Agents. As Agents become capable of finding resources, purchasing services, invoking tools, and completing full task chains, the result increasingly resembles a digital economic system composed of many cooperating Agents.
Alchemy Pay, a renowned cryptocurrency-fiat payment gateway, is pleased to announce its strategic partnership with Coinbase, a prominent U.S.-based cryptocurrency exchange for buying, selling, and storing digital assets. The main mission behind this collaboration is to increase access to $USDC (US-pegged stablecoin issued by Circle) by providing low-cost fiat-to-crypto mainstream adoption for global users. Alchemy Pay has released this news through its official social media X account.
🌟 #AlchemyPay and @coinbase are expanding access to USDC! Score ZERO ramp fees on USDC buys through @coinexcom! Unlock seamless fiat-to-crypto bridges today—dive in now and supercharge your portfolio without the extra costs. Rally your crew and join today—the bridge is open!… pic.twitter.com/EeTQO3n9X1
— Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) January 7, 2026 Alchemy Pay and Coinbase to Accelerate $USDC Adoption Worldwide Alchemy Pay is widely known for its best fiat-to-crypto and crypto-to-fiat payment gateway. The partnership between Alchemy Pay and Coinbase plays a crucial role in the global adoption of $USDC. The best thing is that both platforms are giving a unique opportunity to get access to $USDC with zero ramp fees offered by CoinEx.
Alchemy Pay and Coinbase offer users to get the $USDC via CoinEx with zero ramp fees. This golden opportunity has a limited time frame from 5th Jan 2026- 4th Feb 2026. So, this is the best chance to grab the opportunity and take advantage of it. Now, $USDC is widely accepted for its usage in trading, decentralized finance (DeFi), payments, and on-chain savings and remittances.
Strengthen the Web3–TradFi Bridge for Cheaper Payments Due to this synergy, both fintech firms would be able to catch the attention of users in a huge number, because it is the psyche of the human mind always attracted toward the benefits that are cheaper and easily accessible. On the other hand, Alchemy Pay provides a strong bridge between traditional finance (TradFi) and Web3.
The alliance of Alchemy Pay and Coinbase is much more than an ordinary partnership; rather, it is a miracle in this material world where people think about their benefits without taking care of others. In addition, it is a chance to strengthen the portfolio status without extra costs and supercharge it fully.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
HONG KONG, Jan. 28, 2026 (GLOBE NEWSWIRE) -- CoinEx is proud to announce that it has been recognized with two major awards, “Best Trading App 2025” and “Best P2P Service 2025” at Crypto.ru Awards 2025. Following its recognition as the Best Staking Service Exchange last year, this latest achievement further reflects CoinEx’s long-term commitment to enhancing localized trading experiences and strengthening services for users across the CIS region.
The awards show is organized by crypto.ru. With over 3 million annual visits, crypto.ru is the largest Russian-language crypto portal, and its annual awards are widely regarded as a trusted benchmark within the regional industry. The awards are determined by a professional jury comprising industry leaders and experts.
Professional Products Backed by Strong Foundation
Backed by ViaBTC, CoinEx is supported by mature blockchain infrastructure and strong technical capabilities. This foundation underpins the platform’s comprehensive framework.
Anton Vainerman, CEO of Trustpool and a member of the Best Trading App 2025 jury, noted: “Traders have access to a wide range of opportunities across spot, margin, derivatives, and P2P markets, including strategic and automated trading, as well as investment and mining solutions. The mobile application fully replicates the exchange’s functionality, providing seamless access to trading tools from anywhere.”
In the P2P trading sector, CoinEx’s user-first security philosophy has earned consistent recognition from regional crypto media. The platform has been repeatedly listed among the Top 10 Best P2P Exchanges in Russia, reflecting sustained trust from both users and industry observers.
These strengths are the result of continuous investment in localized services and a deep understanding of regional user needs — a strategy that CoinEx has consistently pursued over the years. CoinEx’s professional capabilities were also recognized across the industry. The platform received multiple awards from global media, including Best Centralized Exchange, Most Professional Cryptocurrency Exchange, 2025 Best Staking Service Exchange, and Top Crypto Exchanges 2025.
Founded in 2017, CoinEx has advanced its global presence through a low-profile, pragmatic operating approach, prioritizing infrastructure, security, and product reliability over short-term visibility. Today, the platform serves more than 10 million users across over 200 countries and regions, supporting 18 language markets and maintaining a stable global user and community base.
CoinEx currently supports 1,000+ digital assets and 1,500+ trading pairs. The platform integrates layered security measures, offline asset storage, and a dedicated user protection fund. CoinEx was also among the earlier exchanges to adopt Merkle Tree-based Proof of Reserves, publishing regular data to allow users to independently verify asset holdings and reinforce transparency.
Positioned as “Your Crypto Trading Expert”, the CoinEx ecosystem is a comprehensive environment. The ecosystem offers a wide range of products, including multi-asset management, CoinEx Wallet, and the CoinEx Smart Chain. Complemented by global charity efforts through CoinEx Charity, the ecosystem reflects CoinEx’s dedication to advancing blockchain adoption. Together with its native token CET, supported by long-term tokenomics and a repurchase-and-burn mechanism, the CoinEx ecosystem promotes sustainable growth and real utility.
Guided by its core values of transparency, security, and long-term development , CoinEx remains dedicated to building a safe and accessible crypto trading platform. The recognition marks not only a milestone, but also a continuation of CoinEx’s long-term journey to deliver efficient trading experiences for users worldwide.
About CoinEx
Established in 2017, CoinEx is an award-winning cryptocurrency exchange designed with users in mind. Since its launch by the industry-leading mining pool ViaBTC, the platform has been one of the earliest crypto exchanges to release proof-of-reserves to protect 100% of user assets. CoinEx provides over 1100 coins, supported by professional-grade features and services, for its 10+ million users across 200+ countries and regions. CoinEx is also home to its native token, CET, incentivizing user activities while empowering its ecosystem.
To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube
Disclaimer: This sponsored content is provided by the content provider and does not necessarily reflect the views of this media platform or its publisher. The information is shared for general informational purposes only and should not be considered financial, investment, or trading advice. Cryptocurrency and mining-related activities carry risks, including the potential loss of capital, and readers are encouraged to conduct their own research and seek professional advice where appropriate. Speculate only with funds that you can afford to lose.The media platform and publisher assume no responsibility for any losses or claims arising from reliance on this content. GlobeNewswire does not endorse any content on this page.
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CoinEx launches Dual Investment product to help traders earn rewards during volatile market conditions.
Summary
CoinEx unveils dual investment, enabling crypto holders to earn interest while targeting specific buy or sell prices. Traders can now grow their crypto holdings with CoinEx’s Dual Investment, earning yields even during market swings. Dual investment by CoinEx offers high APY rewards, letting investors lock USDT or BTC with conditional price targets. CoinEx has launched a product called dual investment, which allows traders to earn rewards even during times of high market volatility.
CoinEx’s dual Investment is a financial product designed to generate income while allowing investors to set a conditional “sell high” or “buy low” outcome.
Under this structure, an investor deposits a cryptocurrency such as USDT or Bitcoin, selects a target price at which they are willing to buy or sell, and chooses a fixed investment period.
If the market price reaches the selected level during that period, the investment is settled in the other asset, and the investor receives both their principal and the agreed yield. If the target price is not reached, the investor simply receives their original asset back, along with the accrued interest.
In a typical dual investment scenario, an investor might deposit $10,000 in USDT while setting a target price to buy low Bitcoin at $50,000, below its current price of $55,000. Over a seven-day period, the product offers a high annualized yield, for example, an APY of 90%, which translates to roughly $173 in interest for the week.
If the price of Bitcoin falls to $50,000 or below during that period, the investor’s funds are automatically converted into Bitcoin at the agreed price, and they receive the equivalent value along with the earned yield. However, if the market does not reach the target level, the investor retains their original USDT deposit, plus the interest earned.
For a trader holding Bitcoin who chooses to sell high, if the market price rises to their target, the asset is sold, and returns are paid in USDT with yield; if not, the investor keeps their Bitcoin and still earns interest.
When the market is moving sideways without going anywhere, dual Investment traders have a way to still make money. Instead of just waiting for prices to rise or fall, they can earn interest on their crypto even during times of market consolidation.
CoinEx offers dual investment for BTC/USDT and ETH/USDT pairs, with a fixed APY of up to 400%.
However, just like any investment, dual investment comes with its own risks. CoinEx says that the product carries non-principal-protected risk. Market volatility and other unforeseen factors mean investors may experience losses or miss out on potential gains that could have been captured on the spot market.
Investors should also note that assets in dual investment products are locked until the end of the chosen period, meaning they cannot redeem or withdraw their funds before maturity and settlement.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
HONG KONG, March 20, 2026 (GLOBE NEWSWIRE) -- The crypto market may still be obsessed with old cycle scripts, but the next phase could look very different.
For years, Bitcoin’s trajectory has been framed through the lens of the four-year halving cycle: supply shock, euphoric rally, brutal crash, repeat. That framework helped explain much of the market’s behavior in its earlier, retail-driven phases. But as institutional capital deepens its presence, regulated vehicles expand access, and crypto-native infrastructure matures, the old narrative may no longer be enough.
CoinEx Research has been among the voices arguing that the market is entering a structurally different era. In its annual outlook, Crypto Market Outlook 2026: Unlock Certainty in Volatility , the firm set out a base-case scenario in which Bitcoin could reach $180,000 by the end of 2026. The projection drew attention, but the broader thesis behind it may be more important than the number itself: Bitcoin is increasingly being shaped by a combination of macro liquidity, institutional flows, and crypto-native catalysts rather than by halving alone.
According to Jeff Ko, Chief Analyst at CoinEx , that target should not be mistaken for a promise. It is, he says, a probability-weighted outcome built on several conditions that have yet to fully align.
“The $180,000 base case is not a guarantee,” Ko says. “We maintain that view based on the macro backdrop, the supply cycle, and the continued buildout of institutional infrastructure. But we follow data, not narrative.”
In CoinEx’s view, the single most important variable remains the global liquidity cycle. For Bitcoin to move toward that higher-end scenario, the Federal Reserve would need to do more than deliver a token rate cut or two. What matters is a sustained easing posture that materially loosens dollar liquidity conditions. Historically, when real yields fall and the U.S. dollar weakens, capital tends to rotate toward both risk assets and hard assets, creating a more constructive environment for Bitcoin.
Regulation is the other key variable. Markets often price uncertainty more harshly than bad news. A clearer legal framework for digital assets in the United States, especially if the CLARITY Act were to advance meaningfully, could help reduce one of the most persistent structural drags on institutional participation. Combined with regulatory progress in Europe and major Asian markets, CoinEx believes that would support deeper engagement from asset managers, corporate treasuries, and other allocators that have so far remained cautious.
Paradoxically, some of the market’s most fearful sentiment readings do not necessarily invalidate that thesis. Ko argues that they may actually fit it.
“Historically, periods of extreme fear have more often marked accumulation zones than distribution zones,” he says.
Still, CoinEx is explicit about what would force a reassessment. If inflation were to reaccelerate sharply, pushing the Fed back toward aggressive tightening and removing the prospect of meaningful easing through mid-2026, then the macro basis for the forecast would weaken materially. In that scenario, the firm says it would likely revisit the target.
Why CoinEx Thinks the Halving Script Is Breaking Down
Skeptics might argue that the market does not look so different after all. Bitcoin has still experienced a severe correction, and visually, the pattern can resemble previous bear phases. But CoinEx believes the underlying structure of the market has changed in ways that matter.
The first and most visible difference is the role of spot Bitcoin ETFs. In previous cycles, there was no continuously operating, regulated institutional buying mechanism of comparable scale. For CoinEx, the significance of ETFs lies not only in the size of inflows, but in how those flows behave under stress.
Earlier corrections were often dominated by retail capitulation, cascading liquidations, and limited institutional counterbalance. In the current environment, however, CoinEx points to continued ETF net inflows even during periods of market weakness. That, Ko argues, suggests the emergence of a structural bid that can absorb some selling pressure rather than allowing every correction to spiral into the kind of collapse seen in past cycles.
That helps explain why CoinEx does not expect another 80% Bitcoin drawdown of the kind that defined earlier eras. A 47% correction may still be painful, but in the firm’s framework, it does not automatically imply the old cycle is intact.
The derivatives market is another area where CoinEx sees meaningful change. In earlier cycles, derivatives often acted as a volatility amplifier, magnifying price swings as leveraged traders rushed in and out of positions. Today, the composition of activity appears different, especially in markets such as CME Bitcoin futures.
In 2020 and 2021, open interest on CME was driven more heavily by directional traders and hedge funds expressing momentum views. CoinEx believes that a larger share now appears to come from basis traders running cash-and-carry arbitrage strategies. These participants are generally less likely to panic during price declines, and their presence may help stabilize rather than intensify volatility.
CoinEx also points to earlier-than-usual volatility compression as a sign of a maturing market with deeper liquidity and a broader holder base. The firm’s view is reinforced by Bitcoin’s changing relationship with equities. Rather than maintaining a fixed correlation with the Nasdaq, Bitcoin increasingly appears to move in a regime-dependent way: more independently during crypto-specific developments, and more closely with equities during broad macro shocks.
That behavior matters. It suggests Bitcoin is no longer simply replaying a neat post-halving template. Instead, it is increasingly influenced by a layered interaction between macro conditions, institutional allocation behavior, and internal crypto market developments.
A More Selective Market, Not a Broad Altcoin Revival
That same logic of structural change also informs CoinEx’s view on altcoins.
In late 2025, Ko said liquidity would become “ruthlessly selective,” flowing primarily into blue-chip projects with real utility. At first glance, that may seem difficult to reconcile with an exchange model that supports a wide range of altcoins. But CoinEx argues that research and exchange operations serve different purposes.
The research view is essentially a statement about return dispersion. CoinEx does not expect a broad, indiscriminate altseason in which liquidity lifts all tokens at once. Instead, it expects capital to become increasingly concentrated in projects with stronger adoption, clearer use cases, and more resilient positioning.
That does not mean an exchange should narrow its market offering to match only its highest-conviction research calls. Exchanges exist to provide access, liquidity, price discovery, and risk transfer across a broad set of assets for different kinds of users. Some want long-term exposure. Others want tactical trading opportunities, ecosystem access, or early-stage optionality.
In that framework, listing breadth is not endorsement breadth. Supporting a wide universe of assets does not mean telling users they all deserve the same long-term allocation.
The distinction is increasingly important in a market where capital may no longer reward indiscriminate speculation. If CoinEx’s thesis is right, the coming phase will be defined less by market-wide exuberance and more by selective flows, durability, and utility.
CoinEx’s Product Strategy: Extending the Core, Not Chasing a New Narrative
That emphasis on practicality also shapes CoinEx’s recent product expansion.
In 2025, the company launched three products aimed at different user needs: CoinEx Vault , an institutional self-custody solution; CoinEx OnChain , which allows users to trade DEX-linked assets through a CEX interface; and CoinEx Pay , a payment product designed for real-world crypto settlement.
Rather than describing these products as a separate growth engine, CoinEx frames them as infrastructure extensions of its core business. The company’s main growth priority, it says, remains the continuous improvement of the trading experience. In that sense, Vault, OnChain, and Pay are not a pivot away from exchange services but a way of making the exchange ecosystem more complete.
Among the three, CoinEx appears to see OnChain as the closest extension of its central trading business. The product is designed to serve users who want exposure to long-tail or early-stage assets without waiting for a formal spot listing. More importantly, it reflects CoinEx’s broader view that centralized exchanges still have a long-term role in an increasingly on-chain market.
That role, however, is changing.
CoinEx argues that CEXs will no longer define themselves purely as the sole venue of execution. Instead, they may increasingly function as an access layer, trust layer, and service layer around decentralized liquidity. Even if decentralized exchange interfaces improve dramatically, many users will still prefer not to manage seed phrases, bridge assets manually, sign multiple transactions, or optimize gas and routing themselves. Products such as OnChain aim to abstract that complexity while preserving access to on-chain opportunities.
If that model works, the future of the centralized exchange may be less about competing with DeFi directly and more about packaging decentralized market access into a more usable, safer, and more compliant user experience.
Why CoinEx Thinks BTCFi Has Long-Term Potential
One of the clearest examples of that hybrid future is BTCFi.
Bitcoin-backed DeFi activity has grown significantly, and Bitcoin now ranks prominently in total value locked across DeFi ecosystems. But CoinEx is careful not to overstate what those numbers mean. A meaningful share of that TVL still comes from wrapped or bridged forms of Bitcoin such as WBTC and cbBTC , rather than from native Bitcoin programmability on Bitcoin’s own settlement layer.
That distinction matters. It shows that Bitcoin’s value is already being deployed in decentralized finance, but it does not necessarily mean Bitcoin’s own infrastructure is yet powering DeFi at scale. In CoinEx’s view, the more meaningful signal is the direction of innovation toward more native programmability and more trust-minimized Bitcoin-linked infrastructure, including projects such as Babylon and designs associated with BitVM.
CoinEx believes its connection to ViaBTC’s mining roots gives it a natural advantage in this area. Compared with exchanges that are more altcoin-centric, the company argues it has a deeper relationship with miners, long-term BTC holders, and Bitcoin-native users. But it also acknowledges that becoming a BTCFi hub would require much more than listing BTCFi tokens.
To play that role meaningfully, CoinEx would need to function as a practical access point for BTCFi exposure, simplifying discovery, trading, education, and capital rotation while filtering risk across a landscape that is still early and uneven in quality. In Ko’s view, a credible BTCFi platform should help users distinguish between serious Bitcoin-adjacent infrastructure, higher-quality yield opportunities, and more speculative wrappers or weak tokenization models that may not survive a full cycle.
The long-term case for BTCFi, CoinEx says, rests on a simple structural observation: Bitcoin remains the largest pool of relatively idle collateral in crypto. If even a modest share of that capital moves into lending, borrowing, structured yield, stablecoin backing, or cross-chain utility, the addressable market becomes enormous. But for BTCFi to endure, it has to offer real utility to Bitcoin holders without pushing them too far out on the risk curve.
The Killer App Question
CoinEx’s broader market worldview also shapes how it thinks about mass adoption.
The industry has spent years searching for a “killer app” that could bring Web3 into the mainstream in the same way that Facebook, Instagram, or Visa did for earlier waves of internet and financial infrastructure. CoinEx’s answer is not a social media clone or consumer super-app. Instead, it sees the strongest product-market fit emerging in two areas: cross-border payments based on crypto and stablecoins, and crypto-native financial infrastructure such as automated market makers, next-generation liquidity pools, and decentralized perpetuals.
That is a notably pragmatic answer. Rather than trying to build a consumer lifestyle brand inside Web3, CoinEx is positioning itself around infrastructure, access, and execution. It argues that its competitive edge lies in doing exchange-related functions exceptionally well, while enabling participation in the broader ecosystem rather than attempting to replace it.
That stance may not sound as glamorous as promising the “Instagram of Web3.” But it may be more consistent with where real adoption has already begun.
Where CoinEx Sees Overvaluation and Undervaluation in RWA
CoinEx applies a similarly practical filter to tokenized real-world assets.
The company remains cautious on tokenized private equity and venture capital, even though those segments often attract attention because they appear to promise liquidity for historically illiquid asset classes. CoinEx’s objection is straightforward: tokenization does not solve the core drivers of private market returns. Governance influence, operational value creation, information asymmetry, and manager quality still matter far more than whether an asset is wrapped in a token.
Nor does tokenization automatically solve the liquidity problem. At current market depth, CoinEx argues, the promised secondary market for tokenized private assets often remains more theoretical than real. In many cases, spreads and market depth still fall well short of what a mature secondary market would require. For that reason, the firm believes parts of the segment may be overvalued relative to the actual liquidity being delivered.
On the other hand, CoinEx remains constructive on tokenized Treasuries and short-duration government paper. In its view, these instruments already show real product-market fit and may still be underappreciated as the emerging base layer for on-chain cash management, collateral, and settlement. They combine legal clarity, yield visibility, institutional relevance, and relative operational simplicity in a way few other tokenized assets currently can.
The firm is also positive on tokenized trade finance , arguing that blockchain infrastructure maps directly onto longstanding pain points in that sector: slow settlement, documentation-heavy workflows, opaque counterparty risk, and constrained access for smaller businesses. In the same vein, CoinEx sees long-term potential in tokenized SME lending , where on-chain repayment histories, programmable collateral management, and transparent pool reporting could eventually open a new credit channel for smaller businesses while creating a potentially attractive asset class for investors.
A Market Defined Less by Hype Than by Structure
What emerges from CoinEx’s view is not simply a bullish call on Bitcoin or a product roadmap for one exchange. It is a broader argument that the crypto market is moving into a less theatrical and more structurally demanding phase.
In this version of the cycle, old narratives still matter, but they no longer explain enough on their own. Bitcoin is increasingly shaped by liquidity, institutions, and regulation rather than by halving alone. Altcoin markets may remain active, but capital is likely to become more selective. On-chain infrastructure is expanding, but usability, trust, and risk filtering still matter. And some of the most important growth segments may be the ones tied not to speculation, but to collateral, settlement, and practical financial plumbing.
If CoinEx is right, the next crypto cycle may not belong to the loudest story. It may belong to the strongest structure.
About CoinEx
Established in 2017, CoinEx is a user-centric cryptocurrency exchange backed by the industry-leading mining pool ViaBTC. Since its launch, CoinEx has been among the earliest exchanges to release proof-of-reserves and implement a 100% reserve policy, ensuring the security of user assets. Today, CoinEx serves over 10 million users across 200+ countries and regions and supports more than 1,100 cryptocurrencies with professional-grade features and services, establishing itself as a trusted crypto trading expert.
To learn more about CoinEx, visit: Website | Twitter | Telegram | LinkedIn | Facebook | Instagram | YouTube
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Yang Haipo, founder of CoinEx, said that the cryptocurrency industry is moving toward an “inevitable endgame.” He believes that Bitcoin’s trillion-dollar value will eventually crash hard.
While many still see long-term growth, others are starting to question, and is there any proof behind this?
Founder Who Knows the Industry From the InsideWhen a random critic attacks Bitcoin, it is often ignored. But when CoinEX and ViaBTC founder Yang Haipo shares his view, it draws attention.
According to Yang Haipo, the crypto market may be reaching a turning point where its current model can no longer sustain itself.
In a detailed analysis, Yang says the crypto system mostly runs on new capital entering the market, not on real income from outside users.
Due to this, the crypto industry spends 10’s of billions every year on mining, exchanges, and development, but real income from actual use is still very small. This creates a gap where more money is going out than coming in, which could slowly weaken the system over time.
Yang Haipo: Cryptocurrency is Heading Towards an Inevitable Endgame
Yang Haipo, founder of CoinEX and ViaBTC, published an article expressing despair about the industry, stating that:
Bitcoin's dramatic collapse from its current trillion-dollar market capitalization is… pic.twitter.com/0NZ8HvlG5Q
— Wu Blockchain (@WuBlockchain) April 23, 2026 Bitcoin Has No Real Value On Its OwnYang’s first big point is about Bitcoin itself. Yang argues that Bitcoin does not produce value like traditional businesses. It does not generate profits, and it is not widely used for daily payments. Instead, its price depends mostly on people believing in it.
He also pointed out that Bitcoin needs constant support systems like electricity, internet, and miners. Without them, the network cannot function.
Another issue, he says, is built into Bitcoin itself. Mining rewards keep getting cut over time, so the network will one day rely mostly on transaction fees to stay secure.
But Bitcoin culture is mostly about holding, not spending. Yang says this creates a basic conflict that still has no clear solution.
Industry Spends Far More Than It Ever EarnsRunning the crypto industry costs a lot of money every single year. Mining Bitcoin alone burns through $10 billion to $15 billion in electricity and hardware. Exchanges spend another $15 billion to $25 billion on staff, computer systems, legal costs, and advertising.
Now here is the painful part. How much real money does the industry bring in from the outside world? From actual services, real payments, genuine outside demand?
A few hundred million dollars a year. Less than one percent of what it spends.
The gap between what crypto earns and what it costs to run is so large that the only thing that has ever closed it is new people putting fresh money in.
ETFs and Institutions: A Temporary Boost?The recent bull market has been supported by institutional inflows, especially through Bitcoin ETFs and treasury strategies. Between 2024 and 2025, Bitcoin climbed from around $40,000 to over $120,000. Everyone called it proof that crypto had gone mainstream
But Yang sees this as a short-term boost rather than a permanent solution.
He says that once these inflows slow down, the market could struggle to maintain its current size.
Every time crypto crashed badly in the past, a new group of buyers showed up and saved it. Yang says those recoveries were not proof of strength. They were lucky.
How Much Time Is Left?Yang’s math on timing is not comforting.
The total pool of usable money sitting inside the crypto system right now is around $200 billion. The system burns through $60 billion to $80 billion of that every year. With no major new source of outside money on the horizon, that gives the current setup roughly two and a half to three years before something breaks badly.
And that is the best-case version. Bear markets make everything move faster. People panic. They pull money out quickly. In 2022, $65 billion drained out of crypto in less than a year.
If that kind of panic happens again from a weaker starting position, the timeline shortens dramatically.
Story Ends Here
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Most conversations in crypto focus on innovation and future trends – what if the real game-changers are the infrastructural blind spots we keep overlooking? In this episode, Jeff Ko, the "Chief Chill Guy" from CoinEx, pulls back the curtain on the industry's hidden vulnerabilities, from massive DeFi hacks to the challenge of cybersecurity in a rapidly evolving landscape.
Jeff, who started in private banking and now oversees research, investment, and product development at CoinEx, shares eye-opening insights on recent hacks like the Aave liquidity crisis and how institutional players are actually leveraging blockchain today, not just talking about it. You'll discover how major hacks happen not through smart contract bugs, but through collateral failure and social engineering—problems that are often more systemic than technical. We break down the surprising parallels between Web2 and Web3, and why solving infrastructural issues is a prerequisite for sustainable growth.
The panel navigates the pressing questions: Are institutions truly adopting crypto rails for stablecoins and settlement? How do industry leaders view the threats of scams, hacks, and frauds in a world dominated by AI and blockchain? Jeff emphasizes that the industry is still in a "stress test" phase—building trust through infrastructure, not just hype. And, most critically, he explains why fixing these underlying issues is the key to unlocking real mainstream adoption and resilience.
If you enjoyed this episode, please like and subscribe to Blockcast on your favorite podcast platforms like Spotify and Apple.
Blockcast is hosted by Head of APAC at Ledger, Takatoshi Shibayama. Previous episodes of Blockcast can be found here, with guests like Fredrick Gregaard (Cardano Foundation), Daren Guo (Reap), Yat Siu (Animoca Brands), Kean Gilbert (Lido), Joey Isaacson (Nook), Kapil Dhiman (Quranium) Eric van Miltenburg (Ripple), Davide Menegaldo (Neon EVM), Anastasia Plotnikova (Fideum), Jeremy Tan (Singapore parliament candidate), Hassan Ahmed (Coinbase) and more on our recent shows.
DeFi yields on blue-chip stablecoins now trail bank cash and tokenized Treasuries, forcing CoinEx to pitch Flexible Savings as a liquidity tool, not a rate stunt.
Summary
DeFi lending yields on blue-chip stablecoins have slipped below leading U.S. high-yield savings accounts, forcing CoinEx and other platforms to reposition crypto savings as part of a broader yield toolkit rather than a simple rate play. Crypto savings products still offer competitive APYs in some niches, but they now compete directly with dollar yields on brokerage cash and bank deposits that carry far less risk. As policymakers move to clamp down on stablecoin yield, exchanges are leaning into flexible savings products like CoinEx Flexible Savings to keep idle crypto productive without demanding long lockups. CoinEx’s pitch for crypto-denominated savings now lands in a market where, for the first time in a full cycle, many on-chain savings products pay less than mainstream dollar savings accounts while still carrying protocol and platform risk.
Crypto yields lose their risk premium Commentators have recently described the shift as a quiet inversion of DeFi’s original bargain. One widely shared summary of April 2026 rate conditions put it bluntly: “DeFi stablecoin yield in April 2026 is a quiet tragedy → Aave / Morpho / Euler: ~1.8%–3.1% → Interactive Brokers cash: ~3.14%,” arguing that the “risk premium that justified DeFi’s existence has inverted.” In other words, the extra return that once compensated for smart contract exploits, oracle failures and governance risk has narrowed or disappeared on undifferentiated stablecoin lending.
Where CoinEx Flexible Savings fits In this environment, crypto savings products are being judged less by headline APY and more by how they integrate into a user’s overall balance sheet. A 2026 guide to interest-bearing crypto accounts noted that platforms now emphasize terms, liquidity and payout structure — “Flexible Savings” versus “Fixed-term Savings,” daily versus end-of-term payouts — rather than simply marketing “up to” rates divorced from real conditions.
According to CoinEx, its Flexible Savings product is a “principal-protected wealth management” solution where users subscribe with idle balances, interest starts accruing from the next full hour, is calculated hourly, and is credited in a single daily payout at 00:00. Assets can be redeemed at any time, returning instantly to the spot account and stopping interest accrual upon redemption, a structure that some characterize as “focusing on liquidity” for investors “seeking returns without locking up their assets.”
Regulation, meanwhile, is tilting the field toward banks, especially around dollar-pegged assets. Reporting on the Digital Asset Market Clarity Act describes how the latest draft “prohibits offering yield directly or indirectly on stablecoin balances,” banning anything “economically or functionally equivalent to bank interest” and explicitly targeting exchange programs that had passed stablecoin rewards through to users. As one FinTech Weekly analysis put it, banks “would get regulatory clarity but lose the competitive tool that made stablecoins threatening to the deposit base,” with the current text landing “closer to the bank position than the White House compromise that preceded it.”
For savers already holding Bitcoin (BTC), Ethereum (ETH) or stablecoins, the result is a more nuanced choice than the old “DeFi beats banks” slogan. Crypto savings through products such as CoinEx Flexible Savings now sit alongside tokenized Treasuries — averaging about 3.38% seven-day APY in recent surveys — and high-yield dollar accounts, functioning less as a replacement for insured cash and more as a portfolio-efficiency tool for keeping dormant crypto balances working within a clear, transparent risk framework.
May 21. On May 20, the U.S. Spot Hyperliquid ETF notched $25.5 million in net inflows—its largest single-day haul since launch. In the days leading up to that date, the ETF had posted net inflows of $4.4 million on Monday and $11 million on Tuesday. Data shows the 21Shares Hyperliquid ETF (THYP), which launched on May 12, brought in $16.7 million in net inflows that same day—up from the $5.3 million it saw the prior day. The Bitwise Hyperliquid ETF (BHYP), launched on May 14, took in $8.8 million, a jump from the $5.7 million it recorded the day before. Over its first seven trading days, the entire category has pulled in a total net inflow of $54 million. Peter Chung, research director at Presto Research, noted that when adjusted for market capitalization, institutional flows into the HYPE ETF have outpaced the speed of inflows into Bitcoin ETFs so far this year. Dominick John, an analyst at Zeus Research, added that these inflows signal investors are capitalizing on entry points tied to the infrastructure narrative, while recognizing the asset’s transparent, usage-driven revenue model. Fueling this momentum, HYPE’s token price surged 17.3% in the past 24 hours to $55.91, with a current market cap of roughly $13.4 billion. The token previously hit an all-time high of around $59.3 in September 2025. Per CoinGecko data, HYPE’s fully diluted valuation briefly reached about $54.7 billion, momentarily surpassing Solana’s $54.2 billion valuation at the time. Tim Sun, a senior researcher at HashKey Group, believes the sustained inflows into the HYPE ETF show the market is forming a new consensus: decentralized trading platforms are starting to be integrated into broader overhauls of financial infrastructure. Jeff Ko, chief analyst at CoinEx, pointed out that HYPE and its related ETFs have structural investment logic distinct from Bitcoin and Ethereum. He explained: Bitcoin acts as a non-yielding store of value; Ethereum centers on staking rewards; HYPE, meanwhile, operates more like equity in a cash-flow-generating trading platform—since the protocol uses most of its fees for open-market token buybacks, giving investors a more familiar valuation framework to work with. On-chain metrics confirm Hyperliquid has become a dominant player in on-chain perpetual contract and derivative trading. So far this week, the network has captured approximately 42% of total blockchain fees, outperforming Tron (22.6%), Solana (10.6%), and Ethereum (8%) in that key metric.
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Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
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PANews reported on May 26th that, according to Cointelegraph, crypto analytics platform Swissblock stated that Bitcoin is sliding into a high-risk environment due to continued institutional selling. Its Bitcoin Risk Index currently stands at 33, placing it in the high-risk zone. Swissblock points out that every time the risk index signals structural selling pressure overwhelming the market, it's because of institutional selling. Glassnode reported that since May 7th, US Bitcoin ETFs have recorded net outflows almost every trading day, with over two weeks of continuous institutional selling signals adding pressure to the supply side without any demand offsetting it. CoinEx's chief analyst, Jeff Ko, stated that spot ETFs have seen outflows exceeding $2 billion in the past two weeks, indicating that institutional risk appetite remains marginally sensitive. News of a new US strike against Iran on Tuesday morning further exacerbated the risk, causing Bitcoin to fall 1%, from $77,000 to below $76,500.
CoinEx has integrated Sui Network to its DeFi capabilities and CoinEx Wallet, allowing users to stake to secure a multi-chain store for their Sui. This is a considerable move to enable mainstream retail investors to have access to high-performance Layer-1 blockchains, providing an easily integrated platform to swap, stake and manage assets.
Expanding DeFi Utility Through SUI Staking With SUI now part of the CoinEx native Staking platform, users can directly use their Exchange Accounts to participate in the delegation of Sui to the PoS consensus. Additionally, users will receive staking rewards when their tokens are locked, helping to hedge them against inflation while simultaneously improving the degree of security and decentralization the blockchain protocol provides.
The ease of use and streamlined process to delegate through this method will create a highly efficient mechanism for the everyday crypto holder interested in generating passive income.
Enhanced Asset Management with CoinEx Wallet Along with its staking services, CoinEx now offers full asset support for SUI within the CoinEx Wallet platform. As a secure, multi-chain solution, the CoinEx Wallet is both a web and mobile application that simplifies the management of assets across multiple blockchains.
The wallet update offers new features that will improve security and ease of use for users. One of these features is chain storage with security and encryption protocols to keep assets safe across all kinds of blockchains at the same time.
The new features allow for quick cryptocurrency exchanges by merging aggregators so individuals can quickly exchange SUI for any of the popular stablecoins or tokens with little to no slippage. This dual prolonged strategy caters to the growing demand for secure wallet alternatives that are compatible with all blockchains without compromising speed and the ease of getting started with the new technology.
Growing Ecosystem Momentum for Sui Network Sui’s onboarding decision follows the active growth of the Layer-1 platform. Built by former Meta Blockchain Architects and the extremely secure Move programming language, Sui operates using a unique Object-Centric Data Model that supports conceptual and physical object representation. This architectural model enables concurrent processing of transactions, resulting in reduced latency and a dramatic reduction in Gas Costs when compared to traditional EVM chains.
With insights from CoinEx Academy, the unique architecture of the network provides extreme scalability potential for Web3 gaming, consumer applications, and high-speed decentralized finance (DeFi).
Conclusion The technical integration of the Sui Network, facilitated by CoinEx, demonstrates that there is an ongoing drive within the digital asset industry to deliver seamless interoperability and more accessible tools for generating wealth. By creating a centralized staking system as well as a comprehensive multi-chain wallet infrastructure, CoinEx is building the framework necessary to make way for the next wave of Web3 participants.
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Farhan Karim is a technology writer and content strategist with 15+ years of experience writing thousands of articles, blogs, whitepapers, and ebooks on Blockchain, Cryptocurrency, and other tech niches. His expertise in content strategy, SEO, and a keen eye on the ever-evolving tech space have led him to work with companies like Pepsi, Huawei, Arab News, and now Blockchain Reporter.
Bitcoin’s roughly 50% drop from its October 2025 peak of $126,080 is its shallowest bear market ever versus 74% to 90% in prior cycles, but analysts at CoinEx, DWF Labs, and B2PRIME say the bottom isn’t in.
Posted June 10, 2026 at 5:43 am EST.
Bitcoin trades around $62,593, down roughly 50% from its October 2025 all-time high of $126,080, according to CoinGecko data cited by Decrypt. By that measure, the current drawdown is the shallowest bear market in Bitcoin’s history.
The trend across cycles is clear. In 2012, the drawdown exceeded 90%, according to CryptoQuant data. The next two cycles bottomed at 82%, and the 2022 cycle reached 74%. Each successive bear market has been shallower than the last. “Bitcoin is now a more institutionalized macro asset, supported by ETFs, deeper liquidity, and a larger base of long-term allocators,” Jeff Ko, chief analyst at CoinEx, told Decrypt. He said he does not expect another 80% drawdown this cycle. Martin Lee of DWF Labs echoed the point, citing the presence of institutions and corporations holding Bitcoin on their balance sheets.
This story is an excerpt from the Unchained Daily newsletter.
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The shallower drawdown does not mean the bottom is in, analysts cautioned. Ko pointed to ETF outflows, macro tightening, and liquidity rotation as the factors that will determine how prolonged the bear market becomes. Alex Tsepaev, chief strategy officer at B2PRIME Group, said the current picture is bearish given the combination of ETF outflows and macro pressure, noting that since May 18, there has been only one day of ETF inflows, on June 4. The drawdown extends a stretch in which Standard Chartered called the bottom “almost in” after a sharp weekly slide.
On price levels, both Ko and Tsepaev flagged $60,000 as the first key psychological support, with a bearish scenario involving a retest of the $55,000 and $45,000 levels. Market maker Wintermute noted in a Tuesday note that $62,000 support had come undone. Meanwhile, corporate buyers continue to step in, with Strategy buying 1,550 BTC below its cost basis for the first time last week.
A separate CoinDesk analysis framed the recent bounce as a corrective move rather than a reversal. Analysts at HEX Trust said Bitcoin needs to reclaim $79,000 to $80,000 to confirm a regime shift, while FxPro’s Alex Kuptsikevich put the nearer-term rebound level at $68,000. Both views condition any recovery on ETF outflows slowing and softer inflation data.
Related Listen: Was the SpaceX IPO Really to Blame for Bitcoin’s Worst Week Since FTX?
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
As football fans celebrate the World Cup journey, CoinEx highlights the shared values of perseverance, growth, and long-term commitment in crypto.
Summary
CoinEx links World Cup ambition with crypto growth, celebrating belief, resilience, and long-term progress. Inspired by football’s road to glory, CoinEx highlights persistence, user focus, and blockchain opportunity. CoinEx marks the World Cup season with a campaign honoring believers, contenders, and champions in crypto. Every four years, the world comes together to witness football’s greatest stage. On the pitch, glory is never achieved overnight. Behind every victory lies years of preparation, discipline, setbacks, and perseverance. Long before champions lift the trophy, they begin with a simple belief — that their effort can lead to something greater.
The same spirit exists beyond football. In crypto, every user is a challenger navigating uncertainty, opportunity, and constant change. Success is never defined by a single moment. It is built through persistence, learning, and the willingness to move forward through every cycle.
As the world celebrates the pursuit of glory on the pitch, CoinEx celebrates the same spirit shared by millions across the global blockchain community.
Every champion starts as a believer Before victories, recognition, or defining moments, there is always a first step. For football players, it is the belief that years of training can lead to the world’s biggest stage. For crypto users, it is the belief that blockchain can unlock new possibilities and global opportunities.
Belief is the beginning of every journey. It gives people the courage to embrace uncertainty, explore new paths, and pursue undefined goals.
Since its founding in 2017, CoinEx has shared this belief. Guided by its mission: “Via blockchain, make the world a better place”, CoinEx has enabled more people to participate in the blockchain economy. What began as a belief has grown into a global platform serving users across regions, languages, and market cycles.
Great challenges create great contenders No World Cup campaign is won in a single match, and no meaningful progress in crypto is achieved through a single trade. Every journey is shaped by uncertainty and resilience.
Over the past decade, the blockchain industry has gone through multiple cycles of transformation. Through every phase, users have continued to learn and adapt through real participation.
CoinEx has moved through these cycles alongside its users. From a trading platform to a broader ecosystem — including CoinEx Wallet, CoinEx Vault, CoinEx Smart Chain, CoinEx Explorer, and CoinEx Charity — CoinEx has grown around one core principle: User Centric.
Every decision and product iteration is guided by one commitment: understanding user needs and supporting their journey. Because every contender deserves a platform that stands with them through every challenge.
Expertise is earned through every cycle In football, experience builds trust. The most respected teams are defined not by a single victory, but by consistent performance over time. Their reputation is proven, not declared.
The same is true in crypto. “Being your crypto trading expert” is not about predicting every market move, but about remaining reliable across conditions and helping users navigate uncertainty with clarity and confidence.
It is about understanding users, responding to their needs, and continuously improving the trading experience.
CoinEx has spent nearly a decade building a secure, accessible, and reliable trading environment. Across changing market conditions, one principle has remained unchanged: putting users first.
Glory belongs to those who keep moving forward
Champions are not defined solely by the trophies they lift. They are defined by the persistence that carries them through uncertainty, setbacks, and moments of doubt.
This World Cup season, CoinEx celebrates every challenger pursuing their own version of success. To bring this spirit into action, CoinEx has launched three core World Cup experiences:
The limited-edition CoinEx × ViaBTC World Cup jerseys, each representing a stage on the road to glory:
The BELIEVER — the courage to begin The CONTENDER — the drive to compete through challenges The CHAMPION — the moment persistence becomes achievement More than designs, they represent a shared journey from belief to glory.
At the same time, CoinEx opens the All In The Glory Futures PnL Ranking, where users enter a global competitive arena and compete for a share of the 15,000 USDT prize pool. Every trade becomes part of a real-time contest of skill, discipline, and performance.
For those just beginning their journey, the Newcomer Exclusive Reward Program provides a structured first step into the arena:
Deposit & ≥ 40 USDT → 40 USDT fee rebate Spot trading & ≥ 50 USDT → 30 USDT fee rebate Futures trading & ≥ 300 USDT → 30 USDT fee rebate Up to 100 USDT total rewards for new users Every journey begins with a first step. And every step deserves recognition.
All In The Glory
Every champion starts as a believer. Every contender is shaped through challenges. Every expert is earned through every cycle. And every moment of glory is achieved through perseverance. This World Cup season, CoinEx salutes every challenger continuing their journey toward something greater.
The Believer. The Contender. The Champion.
ALL IN THE GLORY.
Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.
Japanese storage firm Kioxia plans to list American Depositary Receipts (ADRs) in the U.S. in April or May next year.
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The Wall Street Journal reported that Iranian entities have funneled $3.84 billion through crypto exchange CoinEx since 2019, using the platform as a pressure valve to circumvent US sanctions. The findings, based on analysis by blockchain intelligence firm TRM Labs, trace funds back to wallets linked to Iran’s Central Bank and the domestic exchange Nobitex.
How the money moved According to the WSJ report, funds from Iran’s Central Bank wallets, including USDT stablecoins, moved through various intermediary routes before landing on CoinEx. Nobitex, Iran’s largest domestic crypto exchange, served as the on-ramp. CoinEx became the off-ramp to global markets. At peak volume, transactions between the two platforms hit $763 million in a single year.
By 2024, CoinEx had become Nobitex’s largest foreign counterparty. That distinction previously belonged to Binance, the world’s biggest crypto exchange, which pulled back after implementing stricter sanctions compliance controls.
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CoinEx was founded in 2017 by Haipo Yang and operates out of the Seychelles. The exchange has since said it is implementing new Know Your Customer measures and restricting access for Iran-based users.
The sanctions backdrop On June 2, 2026, US authorities sanctioned Nobitex, citing connections to entities including the Islamic Revolutionary Guard Corps (IRGC). Over 60 Iranian entities are linked to the crypto flows detected by TRM Labs.
The $3.84 billion figure identified by TRM Labs likely represents only the transactions that could be traced through on-chain analysis. The actual volume of Iranian funds moving through global crypto markets could be substantially higher, given the use of privacy tools, chain-hopping, and peer-to-peer transactions that don’t touch centralized exchanges at all.
What this means for investors CoinEx’s announcement that it’s now tightening KYC and restricting Iranian users is a reactive move, not a proactive one. The exchange processed billions in suspect transactions over roughly seven years before announcing compliance improvements.
Exchanges that invest heavily in compliance, including Coinbase, Kraken, and Binance post-settlement, gain a structural advantage every time a rival gets caught facilitating illicit flows. Traders and investors should weight their platform choices accordingly, because the exchange you use is itself a risk factor.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Season 2 of the Retrodrop anticipated to introduce refined incentives for users and builders
The Viction Retrodrop highlights the importance of community involvement in its growth strategy. The success of VIP #2, with 3,000 votes and 2,000% quorum, reflects the community’s active participation and support.
Token allocation of 1.25M VIC was split as follows:
40% for $VIC stakers 30% for network active users 30% for governance contributors Users can check eligible VIC allocation here: https://retrodrop.viction.xyz/
This initiative demonstrates Viction’s dedication to inclusivity and shared growth.
FrontierDAO is an empowerment hub for tomorrow’s content creators – powered by Viction. They’ve successfully hosted & partnered with various offline events, fostering a thriving community of 1000+ passionate Web3 enthusiasts & builders.
With the establishment of FrontierDAO and local DAOs in Turkey, Nigeria, and Thailand, Viction is fostering a global network while supporting regional initiatives. This approach aligns with its broader goal of building a vibrant and decentralized ecosystem.
Innovation and Strategic Partnerships Partnerships with Dune, Token Terminal, LayerZero, and Particle Network are driving Viction’s technological and ecosystem advancements. Its zero gas fee infrastructure and adoption of VRC25/VRC725 standards further enhance its value proposition, particularly for consumer-focused applications.
Progress in Gaming and NFTs Viction’s gaming ecosystem is showing steady growth, highlighting its growing capabilities in gaming and NFTs:
Eternals – A Gaming Open World on Viction – has achieved $1M in revenue and sold 8,000 NFTs shortly after launch, leveraging dynamic NFTs for unique gameplay experiences. Cyborg has been the core game distributor platform on Viction. They continue to onboard new games, facilitating significant transactions and expanding the community by 10K+ members. With a solid foundation in place, Viction’s focus may lean toward gaming, NFTs, and consumer applications as areas of strategic growth. The upcoming Season 2 of the Retrodrop is anticipated to introduce refined incentives for users and builders, further aligning with the network’s goals.
Viction’s steady progress across community engagement, partnerships, and gaming signals its potential for broader adoption and innovation. As the ecosystem matures, it will be interesting to see how Viction capitalizes on its groundwork to achieve its long-term vision.
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With over four years of experience in covering and tracking the financial markets, Sneha Agrawal is a dedicated Crypto Journalist and Editor with passion for researching and writing the crypto pieces. She is currently leading the Block of Fame, here at CoinGape. She likes to keep track of political, legal and financial happenings all around the world - without which she deems her day incomplete. Apart from her Journalistic endeavours, she is a solo traveler, museum goer, and a keen reader of books.
One layer-1 altcoin is surging after a surprise listing by Binance, the world’s largest crypto exchange by trading volume.
In a new announcement, Binance says that it is launching futures contracts with up to 75x leverage for Viction (VIC), formerly known as TomoChain.
[adinserter block="1"]
As the listing announcement went out, VIC exploded and is currently up 81% in the last 24 hours, trading for $0.36 at time of writing. With a market cap of $42.3 million, VIC is the 694th largest crypto project.
Viction aims to create a network of apps on its blockchain by offering zero-gas transactions, enhanced security and improved scalability. The network says it employs 150 masternodes utilizing a Proof-of-Stake (PoS) consensus.
“Viction is a people-centric blockchain, offering zero-gas transactions and enhanced security to make Web3 easy and safe for everyone. Now with Viction World Wide Chain, we provide a novel solution representing a network of app chains that operate concurrently, anchored by a common settlement on Viction. Build, own, win, and be part of Viction World Wide Chain where everyone scales beyond limits.”
Last year, the project said it surpassed 4,000,000 on-chain addresses and onboarded 150 projects.
In November 2023, TomoChain was rebranded as Viction, a combination of “Vision” and “Victory.”
Stability World AI, a Web3 AI generative platform, has announced its strategic partnership with EFIHUB, a pioneer in entertainment Decentralized Finance (DeFi) platform. This partnership aims to merge artificial intelligence (AI) with entertainment and DeFi to create new opportunities for creators to monetize AI-driven communities in the Web3 ecosystem. It also expands user engagement via Viction Retrodrop Season 2.
📢 Partnership Announcement
We’re thrilled to announce our partnership with @EFihubdotio — the trailblazing Entertainment DeFi platform and a Core Contributor of Viction Retrodrop S2! 🎉
Together, we’re joining forces to merge AI + Entertainment DeFi into a stronger, more… pic.twitter.com/5j9SW3pHXT
— Stability World AI (@StabilityW_AI) August 21, 2025 Stability World AI brings generative AI tools, while EFIHUB focuses on entertainment-driven DeFi because it is a core contributor to Viction Retrodrop S2. Together, they will create a stronger and more vibrant community for creators that will help them develop DeFi games and other apps. Simultaneously, both FinTech firms want to expand users ‘engagement. Stability World AI has released this news through its official X account.
Driving Digitalization and Creator Empowerment in Web3 EFIHUB is well known for its activity in the Web3 community, which gives it access to a large number of followers. An approximation, EFIHUB has 75000+ Unique Active Wallets and 30K X followers, which means it has a unique place in the Web3 market. In this scenario, it’s collaboration with the Stability World AI platform that ensures the digitalization and upgraded working in the present world.
This collaboration will also expand the user engagement experience to tackle the issues and happenings in this AI world. Concurrently, both platforms will work together to improve their services and make their users feel like they are enjoying services with the latest tools and a full technological experience. On the other hand, this will enhance the value of both platforms for creators and users.
Stability World AI and EFIHUB are shaping a Smarter Web3. Stability World AI and EFIHUB strengthen each other in terms of Web3 technology by using AI. At the same time, Viction Retrodrop, which is a rewarding program by the Viction ecosystem that recognizes the retroactive community contribution and rewards useful engagement for building the Web3 ecosystem, increases interest and engagement of users towards this partnership?
Both FinTech firms are strongly willing to build the future of AI with DeFi entertainment. In other words, they are building a stronger, smarter, and seamless community for users all over the world. They make their user transactions seamless, easy to access, error-free, and scalable with the best results in this competitive world of digitalization. This collaboration will open a new era of digitalization for creators.
AUTHOR
Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.
October was a month of milestones and momentum for Viction, from surpassing 100 million blocks to wrapping up Retrodrop Season 3 with creativity, participation, and community energy at its core. Across global stages, bounties, and local chapters, Viction continued to prove that growth is built block by block, and story by story with conviction.
1. Ecosystem Highlights 1.1. October milestones According to Nansen’s Q3 2025 Report, Viction emerged as one of the fastest-growing ecosystems across all chains, ranking #1 in weekly user growth and entering the Top 15 EVM chains by active wallets.
This growth is fueled by vibrant community projects, on-chain campaigns, and real builder energy, reaffirming that Viction’s sustainable momentum is driven not just by technology, but by people: creators, developers, and Vanguards building with conviction.
Source: Nansen Report
In October, Viction officially surpassed 100 million blocks, marking a defining moment in our journey toward long-term scalability and decentralization. This achievement reflects not only the network’s technical resilience but also the trust and activity of its growing ecosystem. Each block represents a contribution, a transaction, a creation made possible by the collective effort of the community.
100M+ blocks and still counting.
From the first block to the hundred-millionth, every transaction, every footprint built this moment.
Here’s to us who keep the chain that never stops evolving. pic.twitter.com/RW2IeeHhcV
— Viction (@BuildOnViction) October 20, 2025 1.2. Retrodrop Season 3 RecapOctober marked the peak of Retrodrop Season 3: Own the Glory, the most community-driven reward season to date. The campaign celebrated Proof of Participation, rewarding not just holders, but active contributors who kept the chain alive.
See full details of Retrodrop Season 3 here: Own the Glory – Proof of Participation
Within the first week, the campaign generated over 1.1M impressions across social platforms, showcasing how powerful community energy can amplify on-chain moments.Mint It Box became one of the most engaging activations, with 3,367 NFTs minted, creating widespread awareness and driving new users outside the existing ecosystem cycle.The bounty “What’s Inside Mint It Box” added another 60K+ impressions, turning creative remixes and memes into a viral trend. Over 51 participants joined, expressing what they imagined inside the mysterious Mint It Box, making it one of the most playful and engaging creative calls of the season.— FrontierDAO (@Frontier_DAO) September 19, 2025 ScribbleDAO Collaboration: Bridged storytelling and creativity through the Retrodrop narrative, reaching 810K+ views in just 14 days. Retrodrop Season 3 proved that rewards on Viction are more than just token incentives, they are celebrations of creativity, participation, and collective conviction that move the ecosystem forward.
And as Season 3 closes, something new is already on the horizon. The next chapter: Retrodrop 4 is coming this December, promising to take Proof of Participation to an entirely new level.
1.3. Viction’s 2nd Birthday CelebrationOn Nov 1, Viction celebrated its 2nd anniversary marking 731 days, thousands of stories, and countless VM moments that shaped who we are today.
To commemorate this milestone, the community came together for the “Show Your VM” birthday bounty, inviting everyone to share their most precious memory with Viction. With a $500 VIC prize pool, the campaign quickly turned into a heartfelt celebration where users reflected on their journey, as a humble brag of a community that keeps showing up together.
The birthday wasn’t just a look back, but a promise to keep creating memorable moments with a resilient spirit, every single day. Beyond the bounty, a series of community activities and surprise gifts rolled out across local chapters, uniting creators, builders, and Vanguards under one shared conviction: to keep building a more connected, human-centered blockchain future.
2.1. Viction Vanguard Ambassador ProgramOctober was a month of momentum and creativity for the Viction Vanguard Program, as the community continued to shape what impact truly means within the ecosystem.
Over 10 live bounties went live across creation, learning, and engagement, empowering Vanguards to express their creativity while contributing to the ecosystem’s growth. Creativity took center stage during the Mid-Autumn Festival. Our Vanguards turned this celebration into a canvas of imagination, from glowing mooncakes to dancing rabbits on-chain.
Then came something fun: Turn FrontierDAO Into a Funny Mascot. From cute dragons to glowing bots and fiery little spirits, Vanguards reimagined FrontierDAO in the most hilarious and creative ways possible. These mascots made our community feel alive and more relatable than ever.
Through bounties like “Share a Tweet That Taught You Something” and “Quote & Spark”, Vanguards shared insights, quotes, and stories that helped others learn and grow.
💫 What you learn can inspire others
🌊 We all learn something from someone’s tweet, imagine the waves if we all shared it out.
Let’s make knowledge flow across the community!
You can share to earn points and upgrade your badge, or simply learn from others’ picks here
👉… pic.twitter.com/SOWo0hf9ev
— FrontierDAO (@Frontier_DAO) October 23, 2025 October also crowned new Next Vanguard Champions, whose proposals stood out for creativity and real impact potential. The best ideas will soon be implemented directly into the program, proving that in Viction, impact is made forward.
Among them, Grant Prize Winner @AmbWisdom_ delivered an outstanding proposal focused on community-empowered growth strategy, helping translate Viction mission into action.
— Amb Wisdom✌️✌️ (@AmbWisdom_) September 24, 2025 Key results this month:
400+ active participants joined Vanguard missions.400+ submissions received across creative and educational campaigns.800K+ impressions across X.The Vanguard movement continues to prove that community is the engine of growth, and every contribution helps shape the culture of conviction that defines Viction.
2.2. Viction presents in global event Our ecosystem didn’t stop online, we showed up globally. At Token2049 Singapore, Viction made its mark among world-leading builders and innovators.
Did you 👀 Viction full gear at @token2049
Just GM us, keep the vibes rolling.#token2049week pic.twitter.com/XC8ZkeJNIN
— Viction Ecosystem (@VictionEco) October 1, 2025 Meanwhile, FrontierDAO became an Official Partner of Bitkub Summit 2025, a huge recognition in Thailand’s blockchain scene.
FrontierDAO is proud to be an Official Partner of BITKUB SUMMIT 2025!
Get ready to dive deep into the future of crypto, blockchain, and Web3 innovation at Thailand’s biggest blockchain event! ⚡️
📅 October 25–26, 2025
📍 Exhibition Hall 3–4, QSNCC, Bangkok
🎟️ Free registration:… pic.twitter.com/xLpcTrgqwV
— FrontierDAO (@Frontier_DAO) October 24, 2025 To top it off, Viction Thailand proudly joined as Community Partner of Thailand Blockchain Week 2025, strengthening our presence across Asia’s Web3 landscape.
— Viction Thailand (@VictionTH) October 17, 2025 On October 31, Viction hosted a special Halloween Community Call. The session recapped October highlights, shared behind-the-scenes stories from Viction's 2nd birthday, and ended with a fun mini-game where participants earned real rewards.
2.4. Local Chapters in ActionOur local communities continued to thrive by organizing collaborations, livestreams, and real-world meetups that turned online energy into meaningful connection.
Viction Philippines: The Philippines chapter teamed up with Eternals for Pew Pew Battlefield, an event where players raced up the leaderboard while learning about blockchain gaming. The Viction Philippines team had an amazing time at Google Developers Group Baguio DevFest!
Students had a blast with Pew Pew by @Eternals_World. And what really stood out was how easy the game was to pick up, yet still challenging enough for everyone.
Even with a few… pic.twitter.com/61lMpYbCII
— Viction Philippines (@VictionPH) October 20, 2025 Philippines team also hosted a webinar on Cryptocurrency Awareness, empowering 60 participants from 3 universities to better understand digital assets and blockchain opportunities.
— Viction Philippines (@VictionPH) November 3, 2025 Viction Indonesia: In October, Viction Indonesia joined Seminar Nasional Compfair 2025 at Aula Husni Hamid, where we presented about Viction Vanguard and Web3’s role in Indonesia’s digital economy. The event strengthened Viction’s visibility among students and young builders, highlighting how knowledge sharing drives real adoption.Viction Thailand: As an Official Partner of Bitkub Summit 2025, the team is currently preparing a side event co-hosted with Bitkub during Thailand Blockchain Week in early November, a major step in strengthening Viction’s presence and local ecosystem engagement in Thailand.Viction Africa: A powerhouse of participation, consistently recording the highest bounty engagement rates, this region proves that impact knows no boundaries.Viction Vietnam: Vietnam remains one of Viction’s strongest home bases as an inspiring, builder-driven community focused on real impact and long-term growth.ConclusionAs we close another remarkable month, one thing stands clear: Viction’s strength comes from our builders, creators, and Vanguards who turn every idea into impact. From global recognition to grassroots creativity, October set the tone for what’s next.
November was a month of heat and building momentum, from significant infrastructure upgrades and pushing real-world utility to celebrating Viction's 2nd Birthday globally and intensely preparing for the festive season. With integrations like Blockscout and global community participation, Viction reaffirmed its focus on accessibility and human-centric growth.
1. Ecosystem Highlights Viction ecosystem drove utility and on-chain activity through key integrations and major campaign distribution.
1.1. Key Integrations & UtilityViction Integrates Blockscout: Viction officially integrated the trusted, open-source Blockscout explorer. This integration offers a clearer, smoother way to explore the chain with features like cleaner lookups for addresses, transactions, and tokens, better analytics, and a friendlier user experience, reinforcing Viction as a people-centric chain.Coin98 Super Wallet Fusion Card: The Coin98 Fusion Card, powered by Visa, publicly launched, with Viction as part of the payment experience. This integration is a huge step for Web3 x real-world utility, enabling seamless crypto spending accepted at over 100M+ Visa merchants globally. It comes with benefits like low conversion costs and cashback/referral bonuses.1.2. Campaign MomentumDagora Quadradrop: This gamified minting campaign ran from November 14 to November 28. Users could mint 1 NFT for 1 VIC with zero gas and had a 25% chance to win 4x VIC, with rewards totaling up to 20,000 VIC. The campaign also included a "No Drop No Matter" lucky draw for those who didn't win the 4x reward, driving strong user activity and highlighting the fun side of Viction’s NFT ecosystem.Retrodrop Season 3 Vault 2 Opens: Retrodrop Season 3 Vault 2 officially opened on November 21. Eligible users who minted the required NFT during the October 10 – November 10 window can now check and claim their rewards.1.3. Viction’s 2nd Birthday RecapViction celebrated its 2nd birthday globally, emphasizing community power and shared memories.
Offline Participation: 214 participants joined offline birthday parties across local chapters in Vietnam, Thailand, Indonesia, and the Philippines.Online Engagement: Two birthday bounties resulted in over 100 submissions , featuring memes, creative stories, and user-generated content (UGC), contributing to a $1,000 prize pool.Visibility: The total visibility from the birthday campaign crossed 100,000 impressions across social platforms.The community, including Vanguards and local chapters, maintained strong momentum through campaigns and real-world meetups.
2.1. Viction Vanguard: Go Big or Go HomeThe Viction Vanguard program remained the ecosystem's creativity engine.
Birthday Bounties: Vanguards actively contributed to the birthday celebration, creating templates for VM Moments, posts, memes, and NFTs across all major chapters.11.11 ‘Go Big or Go Home’ Presence: This was one of the most active Vanguard periods in Q4:Nearly 200 submissions received on the Vanguard website, including art, guides, memes, and tutorials.50 active users chatting non-stop on Discord.A $500 prize pool was offered for community contributions.2.2. Global & Local Chapter MomentumLocal chapters kept the energy high with diverse, impact-driven activities:
🇻🇳 Vietnam Chapter: The chapter showed strong creator energy, leading in bounty participation, activity on X & Discord, and consistent UGC creation during the 731 Birthday and 11.11 campaigns.🇹🇭 Thailand Chapter:VICTION x BITKUB MEETUP: One of the biggest local activations in November, with 200+ in-person attendees and 526 registrations.Local Art Competition: Topic was “Viction: Thai Heritage Reimagined” with a 65,000 THB prize pool, attracting strong participation from local creators.🇮🇩 Indonesia Chapter:Viction Indonesia Trading Competition: Generated over $100,000 in trading volume with 300+ participants.The team also prepared for W3W Asia 2025 in Jakarta, a major Web3 gathering focusing on topics like DeFi, AI x Web3, and real-world use cases.🇵🇭 Philippines Chapter:Dominated the PewPew leaderboard with the VictionPH x Eternals x FrontierDAO Bounty.Held a strong-turnout, education-focused Crypto Awareness Workshop to onboard new Web3 learners into Viction.ConclusionNovember was defined by real community power, ensuring Viction's continued forward momentum. From project integration to the global birthday celebration, the ecosystem is built on the collective efforts of its builders and Vanguards.
1. MotivationRetrodrop Season 4 rewards active contributors with 1.25M $VIC, recognizing real on-chain participation across four key groups: DeFi activities, NFTs & GameFi interactions, VIC staking & governance, and campaign participation. This season continues to require minting an NFT badge as proof of participation, a necessary step to receive rewards.
Viction grows when its users stay on-chain. Even in a cold market, participation keeps the network warm, active, and evolving. Season 4 focuses on four core pillars of the ecosystem:
DeFi interactions, the liquidity engine of the networkNFT & GameFi participation, the heart of culture and creativityVIC staking & governance voting, supporting the resilience and direction of the chainCampaign participation, boosting activity across partner projectsThe market may be quieter than usual, but this is exactly when meaningful engagement matters most. Season 4 acknowledges the users who continue staking to build the chain, playing games, collecting NFTs, or joining campaign quests that bring life to the ecosystem. Season 4 continues the improvement introduced in Season 3: Rewards are distributed only to wallets that own the Eligible NFT, ensuring participants actively verify their involvement and claim their ownership in the process.
Retrodrop Season 4 fosters recognition, encourages responsible participation, and reinforces Viction’s core ethos: Own What Matters, Own the Glory. This proposal introduces Retrodrop Season 4: Own the Glory – Proof Of Contribution, the fourth chapter in Viction’s Retrodrop series.
2. Retrodrop #4 Specifications2.1 Allocation ModelsA total of 1.25M $VIC will be distributed exclusively to users, categorized by participation across four major contribution groups:
DeFi: Users participating in swaps, LP, bridging, and non-VIC stakingNFTs & GameFi: Users interacting with NFTs or participating in gaming ecosystemsVIC Staking & Governance: Users staking VIC or voting in governance proposalsCampaign Participation: Users joining ecosystem quests, missions, and campaign activities2.2 Details about Retrodrop Season 4After an open forum discussion and on-chain voting, the community has selected Model Snow Castle Builders - Pro Defenders as the final distribution framework for Retrodrop Season 4, focusing on prioritizeing VIC Staking & Governance, strengthening the chain’s core and rewarding those who safeguard Viction.
1. Eligibility will be based onEligible users are those who:
Successfully mint Eligible NFT from the official Retrodrop Season 4 collection after checking eligibility here: https://retrodrop.viction.xyz/Belong to one of the five participation groups defined in the allocation models (DeFi, NFTs and Gaming, Staking, Voting, Campaign Participation). Minting the Eligible NFT serves as the on-chain proof of contribution, ensuring that rewards are rightly distributed to active and verifiable users.
1.1 Eligible NFT Collections: The Spark, The Flame, The Radiance and The Rarity
Retrodrop Season 4 rewards contributors and introduces a new eligibility step: minting an NFT as proof of contribution. You can mint an eligible NFT across four tiers:
The Spark (3rd tier) – walletsThe Flame (2nd tier) – walletsThe Radiance (1st tier)– walletsThe Rarity (Limited tier) - walletsImportant: Minting your eligible NFT is a mandatory step. Even if your wallet qualifies in the snapshot, you won’t receive rewards unless you mint your Eligible NFT. Starting from 24 December, 2025 (05:00 UTC), participants can access the Viction Web Checker: https://retrodrop.viction.xyz/ to verify eligibility, and will then be guided to Dagora website to mint the Eligible NFT.
1.2 Breakdown participation groups
The following key sectors and their detailed criteria form the framework for defining the NFT badge tiers.
Proposal posted to Governance Forum: 10 December, 2025 (20:00)Snapshot time: 01 October, 2025 (00:00) -> 19 December, 2025 (05:00)Voting Period: 16 December, 2025 (05:00) -> 18 December, 2025 (23:59)Final Scheme Announcement: 22 December, 2025Mint Eligible NFT: 25 December, 2025 (05:00) -> 08 January, 2026 (23:59)Distribution: 16 January, 2026After the distribution wave, the process will conclude. No further exceptions will be made.
3. How to claim your rewards?VIC allocation will be distributed to Coin98 Super App Vault. Please refer to this guide on how to claim your rewards via Coin98 Super App vault (Extension | Mobile)
What’s Next?Retrodrop Season 4 is more than a reward, it is Proof of Contribution. It recognizes your presence when the market is quiet, your contributions when the chain needs you most, and your resilience in building alongside Viction.
Season 4 tells every user:
Your actions matter.Your participation is your proof.Your journey keeps the ecosystem alive.Together, we continue to Own What Matters. Together, even in winter, we Own the Glory.
Terms and ConditionsParticipants who do not complete the NFT minting process within the designated minting period forfeit any right to claim or receive the airdrop. Viction bears no responsibility or liability for any missed opportunities, unclaimed tokens, or related consequences arising from failure to complete the minting process within the specified timeframe.By participating in the airdrop, the participant acknowledges and assumes all associated risks, including but not limited to those outlined below.The participant is solely responsible for deciding whether to participate in the airdrop and to accept any VIC received.Participation in the airdrop is entirely at the participant’s own risk. It is the participant’s responsibility to seek independent professional, legal, tax, and other advice regarding the airdrop and any tokens received before taking part in the airdrop or accepting any tokens.Under no circumstances will Viction or any of its affiliates, agents, or representatives be held liable for any claims, losses, damages, or liabilities, whether in contract, tort, or otherwise, arising from or related to the airdrop or the receipt of tokens.Viction disclaims any responsibility for the participant's actions in the airdrop. Viction does not provide any recommendations or advice regarding the airdrop or tokens.The tokens distributed do not represent ownership, equity, or entitlement to any shares of profits, voting rights, rewards or benefits, and have no guaranteed monetary value or exchangeability. Viction makes no representation regarding the listing, liquidity or future value of the tokens.The tokens do not represent equity, ownership, debt, or any form of security.A user can earn overlapping allocations from other VIC allocation sectors if they meet the specified requirements.The airdrop will be distributed to the vault within 24 hours of the official announcement.Ensure you claim your vault within the following periods, or your rewards will be retrieved. Vault opening timeline: 16 Jan, 2026 – 16 March, 2026
We will not resolve complaints submitted after 16 March, 2025.For any event concerns, please contact us on the Viction Discord for support.In all cases, all decisions made by Viction are final.
January marks the first chapter of 2026. Amid a calmer market, the Viction ecosystem carried forward momentum and enduring resilience through consistent activity and ongoing building.
The new year opened with active community engagement, a renewed rise in active users, and the rewarding of contributors through Retrodrop Season 4. Across ecosystem activity, governance alignment, and community-led initiatives, January helped set a steady tone for the months ahead.
Ecosystem HighlightsRetrodrop Season 4: Contributor RewardsRetrodrop Season 4 officially distributed 1.25M $VIC to active contributors, recognizing genuine on-chain participation across four key groups:
DeFi activities: swaps, LP, bridging, and non-VIC stakingNFTs and GameFi interactionsVIC staking and Governance through Proposa VotingEcosystem and campaign participationThis season continued the eligible NFT mint mechanism, ensuring that contributors actively verified their participation and claimed true ownership of the rewards. The initiative reflected Viction’s ongoing focus on recognizing meaningful, on-chain contributions from the community, even in a current cold market.
#1 Active Address Growth (7D)Driven by Retrodrop Season 4, Viction returned to the Top #1 in 7-day active address growth this month (source), reflecting continued on-chain participation across the ecosystem.
Ecosystem Performance 2025 Report: Looking Back to Move ForwardFor a comprehensive overview of Viction’s ecosystem-wide growth in 2025, Viction presented the 2025 Annual Report, which provides a detailed recap of progress and milestones throughout the year.
Viction Website UpdateParts of the Viction Website were refreshed with cleaner visuals and improved structure, making it simpler for users to explore the ecosystem and get a clearer view of what’s ahead.
Governance HighlightsVIP #08 - Growth Budget Proposal for 2026As 2025 concluded, VIP #08 (Growth Budget Proposal for 2026) was introduced to sustain momentum and support the next phase of ecosystem growth. The proposal passed with 99.7% YES votes from 60,201 participants, reflecting clearly a broad consensus across the community and a collective commitment to growing together in the Viction ecosystem in 2026.
FrontierDAO released the 2026 Year Ahead Plan, outlining key strategic directions to sustain and grow the community across the Viction ecosystem.
Viction Local Chapters: activating local communities, coordinating contributors on the ground, and driving real adoption within regional ecosystems.Viction Discord: a global hub for discussion, learning, and collaboration, where ideas, feedback, and initiatives come together.Viction Vanguard: the creator hub for bounties and missions, where community contributions are tracked, recognized, and rewarded based on the quality of real outcomes across the Viction ecosystem.Viction Vanguard - Creator HubThroughout January, Viction Vanguard remained actively supporting ecosystem participation through partnerships, bounties, and contribution tracking.
Partnership SpotlightThis month marked the launch of the partnership between FrontierDAO and Dagora. This expands access to the Dagora NFT marketplace on Viction and paves the way for upcoming creative and ecosystem-focused bounties on the Vanguard platform.
To celebrate this, a Dagora × FrontierDAO NFT campaign was launched on Dagora and has already recorded 3,750+ mints, reflecting community interest and active participation around this milestone.
Bounty UpdateThe XP Leaderboard was released to track the quantity, quality, and overall impact of completed missions, providing a clearer view of contributor performance.
Throughout the month, 10 new bounties were launched across diverse categories, with 300+ participations, ranging from creative missions such as GIF and sticker creation for Viction to partner-led bounties such as Vanguard × Dagora.
New UI coming very soonLooking ahead, a new bounty platform UI is currently under development by FrontierDAO, designed to deliver a more transparent and user-friendly experience for community members.
Local communities across regions continued to stay active, with initiatives and AMA discussions driving engagement and contributions on the ground.
Viction Thailand — NFT Artwork ContestViction Thailand announced the Thailand NFT Artwork Contest in collaboration with Dagora NFT marketplace. The initiative helped expand the utility of VIC by enabling VIC-based NFT minting, allow the community to support their favourite artists directly, and provide artists with a practical way to connect culture and creativity through on-chain NFTs.
Viction Philippines — AMAs and Gaming ConversationsViction Philippines kicked off 2026 with a series of AMAs and discussions centered around gaming and the ecosystem’s journey in 2026, including:
Play-to-Earn Games: The New Frontier of Gaming and CryptoKicking Off 2026: Viction Philippines Embarks on a New Journey! With 1,000 $VIC prize pool giveaway Community members shared, discussed, and engaged around gaming-related topics and the Viction’s journey in 2026, fostering open conversations and alignment on what lies ahead.
Viction Indonesia — Gaming-topic AMAsViction Indonesia hosted a community AMA session in collaboration with W3GG, bringing members together for an open discussion around Web3 gaming ecosystem.
The AMA created space for casual exchange, and community questions, with $500 VIC rewards for the best questions.
Community members proactively organized independent initiatives that contributed to the collective growth of the Viction community, with support from FrontierDAO.
Community AMA: a discussion-based session where members shared Retrodrop experiences and participation insights.On-chain Mini-Game: an action-based activity that repurposed 400 $VIC rewards from Retrodrop Season 4 to encourage on-chain actions such as swapping, staking, minting NFTs, and participating in governance.With active users returning, community contributions being recognized, and steady participation across the ecosystem, Viction continued to move forward even in the absence of broader market noise. January offers a clear snapshot and direction of how the ecosystem is operating at the start of the year, and continue to progress in the months ahead.