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Unibright is a project that has been generating quite a bit of interest recently. So much so that the UBT token has been rallying in price as traders have been snapping it up.

However, behind the impressive performance is a really interesting project that is looking to take enterprise blockchain adoption to the next level. Unibright is also looking to be the connecting fiber between the open source Ethereum network and companies.

So, is it really worth considering?

In this Unibright review, I will attempt to answer that. I will also take a look at the long term use cases and adoption potential of the UBT Token.

What is Unibright?Unibright is a fairly new blockchain project that's self-described as the “unified framework for blockchain based business integration.” Whew! That's quite a mouthful, but what exactly does it mean, and how can we use Unibright?

In essence Unibright is being created to give companies and other organizations the ability to utilize blockchain technology without the extensive costs, huge hassle, and the need for a large corps of developers.

Unibright Abstract. Image via Whitepaper

Instead businesses are able to use the visual workflow created by Unibright to create and launch smart contracts on an appropriate blockchain. And it can all be done without any coding skills whatsoever. There's no blockchain skills required, no smart contract development knowledge, not even traditional software development knowledge is needed.

Unibright has even gone to the trouble of including a number of business use cases right within the system. These include cases such as invoicing, shipping process monitoring, asset life cycles, multi-party approvals, and many others.

Users can easily select their use case and then create a custom workflow. This can then be deployed in a way to bridge the information between the new blockchain and existing systems, such as ERP.

Unibright ObjectivesOne of the key roadblocks to the adoption of blockchain technology by enterprises has been the concerns around the usability of existing solutions, and the huge knowledge gap that exists in regards to deploying, developing, and designing blockchain solutions.

Add to this the scarcity of talented blockchain developers and the cost of hiring such talented developers. It's understandable that businesses have been slow to adopt blockchain solutions, even though many business leaders are able to see the potential for blockchain to dramatically improve their operations.

The blockchain solutions being created often have clear advantages for businesses, but traditional businesses have been slow to adopt these new and novel solutions. The uncertainties regarding costs, development, and effectiveness in blockchain integration has kept many on the sidelines.

Unibright Overview. Image via Unibright

And that's why Unibright was developed and where it comes into play.

The Unibright project is attempting to position itself as a unified framework that simplifies all the aspects of blochcain integration for enterprises through its algorithmic design.

Through this framework businesses can take advantage of interoperability, not only between blockchains, but also with legacy systems. Unibright provides a full stack of tools that function to connect information between all systems, increasing the productivity and efficiency of an organization.

One of the beauties of the Unibright platform is it's blockchain agnostic. It tries to use visual cues and more abstract designs to describe integration scenarios for businesses and to make them as cost-efficient and easy to implement as possible. The platform has also attempted to remain flexible in regard to technological advancements in blockchain.

Unibright TechnologyIn the simplest terms the Unibright platform was created as a simple framework that individual businesses can mold to their own specific needs.

It will allow managers to use blockchain solutions in their everyday operations with little risk, while saving costs and increasing productivity and efficiency. Unibright is designed to finally close the gap between blockchain technology and traditional business applications.

The Unibright framework currently contains four distinct tools:

The UB Workflow DesignerThis tool allows anyone, even those with no blockchain experience or knowledge, to define workflows visually, and without any reference to a specific blockchain protocol. The UB Workflow Designer allows its users to choose an existing template and them customize it to their workflow needs.

The Unibright Visual Workflow Designer

This visual designer can even define integrations with other blockchains and IT systems, as well as setting system boundaries. Once the workflow has been created the system automatically generates the needed smart contracts with the necessary business logic.

The UB Contract InterfaceThis is the central part of Unibright's ecosystem. With the UB Contract Interface users are able to make changes to previously designed workflows, transforming them into smart contracts specific to a blockchain. They can then publish the smart contracts, maintain them, or automatically generate templated connection adapters for existing systems.

The Unibright Contract Interface

The templates that are made available to users of the Unibright ecosystem have been designed around predefined business workflows, and are presented at a high level of abstraction. The development team plans on maintaining the templates, enhancing them as needed, and creating new templates to serve new use cases and industries.

The UB ExplorerThe UB Explorer provides a simple interface where users can monitor all ongoing processes. Data is collected from the smart contracts, as well as from any systems that have been connected to the chosen template.

The Unibright Explorer

The Explorer provides Smart Queries that present useful information and are automatically generated based on the specific workflows. This way both on-chain and off-chain data can all be presented together in an easy to read and extremely useful dashboard.

The UB ConnectorThis is how Unibright allows off-chain systems to access and use Unibright smart contracts. It also enables the creation of cross-chain workflows, and cross-system workflows.

The Unibright Connector

It does this through the Smart Adapter, which takes all the technical details needed to connect a blockchain or ERP system and transforms them to allow the connection to happen. Smart Adapters make the Unibright Connector dynamic, and enable a massive variety of integration possibilities.

Unibright TeamUnibright and its team are based in Germany and led by founder and CEO Marten Jung. Marten has also been the CEO of the parent company SPO Consulting for the past two years. SPO Consulting has been in business for over 20 years, with a focus on business integration.

The co-founder and CTO of Unibright is Stefan Schmidt. He also serves as the Head of Software Architecture. The Lead Frontend Engineer for the project is Ingo Sterzinger, who brings over a decade of software development experience to Unibright.

Some Unibright Team Members: Marten Jung, Stefan Schmidt, & Ingo Sterzinger

In addition to these three there are an additional four core positions, with the following titles mentioned: Chief Communications Officer, CMO and Head of Marketing, Lead Engineer Testing, and Lead Engineer Data Modeling.

These positions are all filled with members who have many years of experience in database management, engineering, and computer science. The only potential downside is that none of the team members have any prior blockchain experience. However they all seem accomplished enough to acquire the skills they need to succeed rapidly.

Advisors & PartnersBesides having a very skilled set of team members, Unibright also has a very skilled and knowledgable team of advisors.

This group brings a wealth of blockchain experience and knowledge to the project and includes Youtuber and founder of DataDash Nicolas Merten. In addition there are a number of former PwC auditors, blockchain developers from Ambisafe and Iconiqlab, PhDs, and venture capitalists.

Unibright has also been aggressive in developing partnerships, including SAP, Microsoft, Iconiqlab, and Ambisafe among others. This puts the project in a good position to strengthen their market exposure and positioning.

Some of the Partners Unibright is working with

They’ve also gotten together with Deutsche Bahn to create a tokenized ecosystem for public transportation. And most recently they’ve entered into a strategic partnership with NEM. In addition, the parent company SPO Consulting has business relationships with companies such as Lufthansa, Unilever, and Samsung that can be leveraged in the coming years.

UBT TokenAccessing the Unibright framework requires UBT tokens. Users deposit whatever number of tokens required for their usage. To acquire tokens users must buy them on the open market. Unibright even offers to help if the users need assistance in purchasing through an exchange.

There were some concerns expressed by the Unibright community at this setup, as some felt that large enterprises couldn't be expected to go to an exchange to purchase tokens, but this hasn't been a problem to date and all users have been able to acquire whatever tokens they need from IDEX.

This 30 days of usage is a crucial part of the UBT token model. It was setup so that a users initial deposit must be large enough to cover a minimum of 30 days usage. This allows them to later make use of a “Rebuy contract.”

This is key because it allows customers to repurchase the tokens they used over the 30 day period from Unibright to continue using their blockchain integration. The Rebuy contract determines the rebuy price, with the standard set at $0.14 per UBT.

Features of the Unibright token

This price may seem low to some, but in truth this is how enterprise solutions are often costed. In practice the initial purchase and deposit is likely to be the most expensive part of the process. This makes complete sense since the initial deposit is like the setup cost for the process. Currently the price of one UBT is above the $0.14 level, making the Rebuy contracts very useful from a business standpoint.

Once tokens are deposited to the platform, and this includes rebought tokens, they cannot be withdrawn again. When tokens are deposited and the Rebuy Contract is signed the tokens are locked in a smart contract which lasts for the duration of the contract.

The good news for investors is that every additional Unibright user removes more UBT tokens from the open market. This should help support UBT prices in the future as increased demand will lead to declining supply.

What happens when the contract ends?Once the contract ends the user needs to deposit more tokens which they've purchased on the open market. They sign a new contract and these tokens are then locked into the platform. This means new tokens must be purchased each time a Rebuy Contract expires.

What about the tokens from the expired contracts?These tokens go back to Unibright. Initially the plan was to sell these tokens on the open market to create additional revenue for the project. That plan has been set aside thankfully, and the team has decided not to sell the tokens they receive, ever.

Instead the plan is to use these tokens to onboard non-profit organizations to the platform. These tokens are not being gifted, but will be deposited into the framework to help the charities to benefit from the blockchain integrations that have been made available.

In essence this means that any token deposited into the framework will be forever removed from the open market, and thus the circulating supply of UBT tokens will be forever declining.

UBT Trading & StorageAfter the project held their ICO in May 2018, raising $13.54 million by selling roughly two-thirds of the UBT supply for $0.14 each investors were rewarded with an immediate pump to almost $0.19 each. That didn’t last long though, and by the end of May the price of UBT was slightly below the ICO price. The token continued to decline, nearly reaching $0.01 by October 2018.

Price bounced around slightly after that, rarely topping $0.02 and also not going below $0.01. By the end of 2019 the price of UBT was still stuck stubbornly below $0.02.

As the entire universe of altcoins began climbing in 2020, so too did UBT begin to rally. From just below $0.02 at the start of the year the token price has soared to an all-time high of $0.28922 as of February 18, 2020.

UBT Token Price Performance. Image via CMC

When it comes to exchange coverage, UBT does not appear to have that much support. Hotbit has over 60% of the trading volume which means that it is quite centralised. The liquidity also appears to be quite limited which means that you will experience slippage when trading large block orders.

Because UBT is an ERC-20 token you can use any wallet that’s suitable for storing ERC-20 tokens. Some suggestions would be the Ledger and Trezor hardware wallets, MyEtherWallet, MetaMask, Atomic, and many others.

Development Progress & Roadmap2019 was quite a busy year for the Unibright team. There were a number of technical advancements that they brought to the fore as well as some partnerships. These include the following:

Q1: They brought the UniBright framework to product readiness (earlier than initially). They also joined the European Blockchain FoundationQ2: There was further collaberation with Universities and other academic institutions. On the product front, they released the C02 compensation project for "Carbonara".Q3: They integrated Facebook's Libra technology into the Unibright framework. There was also some work on the tokenization of securities.Q4: Perhaps the most meaningful announcement here was their official partnership with Digital and Anyblock Analytics.While Unibright does not have an updated roadmap on their website, they do have this blog post that was published in April of last year. As you can see, there are a number of goals they would like to achieve by the end of this year and by the end of 2024.

By the end of 2020, they would like to achieve the following:

On-boarding More clients: They also would like to lock 15-25% of UBT inside the platform.Development on Automatic Setup: This would allow clients to set up a Unibright Framework SaaS environment, for locking in tokens and enabling token renewal by smart contractThen, the singular goal that they would like to acheive by 2024 is enable mass adoption as they target to lock up 80% of the UBT inside the platform.

Final ThoughtsBy looking for ways to offer blockchain technology in a simple manner to businesses and enterprises Unibright is taking on one of the most critical areas to the adoption of blockchain technology.

Businesses need this new technology for its productivity enhancements, efficiency, and cost-savings potential, but are hesitant to adopt technology with a steep learning curve. With the Unibright solution there’s no need for a business to have any knowledge or expertise in blockchain, but they can still benefit from the technology.

While the team behind Unibright did not come from a blockchain background themselves, they still seem extremely capable, and that could actually give them an advantage in creating solutions that work for non-blockchain companies. Plus having a parent company with several decades of experience in a similar business must work in Unibright’s favor.

They stand out in their avoidance of hype, which is refreshing in the blockchain ecosystem. In place of the hype they have a clear approach to B2B marketing, which makes them more trustworthy. Their website does an excellent job outlining the business use cases for Unibright, and offers several scenarios where the platform would be used to increase the efficiency of a business.

Unibright To the Sky? Image via UniBright Blog

There are some downsides and risks to the project. Most notable of them is the certainty that competition in this space will grow in the coming years as the need for adding blockchain solutions to more businesses increases. Unibright combats this through the extensive experience of the parent company, and through the growing network of partnerships.

There is also the possibility that businesses will never come around to see the need to add blockchain technology. This possibility is truly beyond the control of Unibright, and they need to continue pushing forward under the assumption that businesses will eventually want to move to blockchain technology.

There has also been some criticism over the addition of a token to this platform, and questions over whether tokenization is needed. The plans for scaling the platform make it clear that a token is a necessary component of the platform.

Overall the team is already well positioned and doing well in growing their partnerships and usage of the platform. Once acceptance and use of blockchain technology increases at the business level Unibright will be in a great position to take advantage of that.

In Brief Three blockchain heavyweights unveiled “Baseline Protocol,” an enterprise solution for companies to communicate and transact privately on the Ethereum public blockchain. The protocol relies on Zero knowledge proofs, or ZKP, to keep information private. Ernst and Young, Microsoft and Ethereum venture studio ConsenSys—big guns in the blockchain consulting business—  have joined together to create “Baseline Protocol,” a middleware solution for large companies to communicate and transact privately on the Ethereum public blockchain.

The project was unveiled in a press release earlier today.  The protocol is “an open source initiative that combines advances in cryptography, messaging, and blockchain to deliver secure and private business processes at low cost via the public Ethereum Mainnet,” per the statement. “The protocol will enable confidential and complex collaboration between enterprises without leaving any sensitive data on-chain.

The enterprise problem with public blockchainsBlockchain has been tossed around in the past as a way to wrangle enterprise data. But one of the big problems with a public blockchain is that any data stored on the network is public. That’s a thorny issue for large corporations, who don’t want to put their private dealings on widely shared blockchain.

The open-source initiative aims to synchronize “internal systems of record,” including ERP data, CRM and other private business processes via the public Ethereum blockchain.

In essence, Baseline offers a set of tools — including zero-knowledge proofs — that allow business transactions, smart contracts and communications to remain private, so that business users can decide what they want to share and with whom.

Zero knowledge proofs, or ZKP, is a complicated form of cryptography that allows two parties to verify things without sharing or revealing underlying data. And it is really the secret sauce for how all of this works. Baseline uses Ernst & Young’s Nightfall ZKP for Ethereum. It also leverages Whisper for secure p2p messaging between partners.

The Github for the protocol says that it’s meant to enable standard ERC-20 and ERC-721 tokens to be transacted on the Ethereum blockchain with complete privacy. It also states the protocol is “experimental solution and still being actively developed,” which would seem to indicate all this isn’t quite ready for primetime yet.

Paul Brody, principal and global blockchain leader at Ernst & Young, told Decrypt that he would not call the technology experimental. Though it’s new, it’s actively being developed and is actually “quite mature.”

“We expect to unveil products for enterprise usage based on this technology shortly,” he said, adding that he expected to see new Baseline-related products unveiled as soon as next month.

How Baseline Protocol works“Companies use all kinds of sophisticated internal systems to transact internally, but when they communicate with each other, they mostly use email and spreadsheets and EDI [electronic data interchange], which is basically text messaging,” Brody said.

In the case of the Baseline Protocol, Brody said there are two things that go on the blockchain. One is a “notarization”—basically a hash of the document and a timestamp, used to authenticate the document. (Note that you don’t put the actual document on the blockchain.)

The second thing is tokens, which can be created, traded and managed on the blockchain.

The tokens are the key inputs and outputs of business processes. This is one of the main things that that Nightfall ZKP keeps private—the transfer of the actual tokens (assets) between the parties. As Brody explained, Baseline also keeps private via smart contracts, business logic, such as the number and price of items negotiated in a contract or purchase order..

“For complex stuff, we notarize and for stuff that we want to market for decentralized services, we are going to do our best to create a digital token instead,” he said. “Blockchains are much more comfortable and much better designed to support digital tokens.”

Enabling these communications, and the use of tokens on the blockchain, will allow parties to access other tools on the blockchain as well, such as loans via decentralized finance, he said. (MakerDao, incidentally one of the founding members of the project.)

Solving the enterprise problemAs an example, say a large company wants to buy something from a supplier. They send a purchase order for 1,000 widgets worth $1 million via the Ethereum mainnet. The supplier may need working capital. “I can use middleware to send the P.O., but on the blockchain, there are a whole set of decentralized financial services as well. In theory, the digital token that represents my purchase order is something my supplier could as security use to obtain working capital,” Brody said.

He pictures Baseline as a way to enable these complex transactions but under privacy, so other companies can’t see how much you’ve borrowed. He believes it will allow companies to use the blockchain for business transactions much the same way people use the internet.

In a bigger sense, the Ethereum blockchain is no longer used as a settlement layer for recording transactions, but a middle or integration layer that is always available, without downtimes, stays the same, and is accessible for all the partners on your network.

Consensys envisions the technology mitigating all of the “heavy lifting” traditionally involved with connecting different ERP and CRM systems with their internal databases while at the same time, maintaining the integrity of the data.

How Baseline Protocol beganIn mid 2019, Ernst & Young, ConsenSys and Microsoft started a supply-chain project codenamed “Radish34,” that uses public Ethereum to enable real-time volume discount calculation across a series of purchase orders. These efforts led to the creation of the Baseline Protocol.

A company called Unibright, which recently joined the effort, will play a “major role” in developing the protocol. 

“Every time a business process changes or state of a business process changes in a private network, the public available Ethereum mainnet is used as middleware to synchronize the states and to build a common frame of reference,” Stefan Schmidt, Unibright’s founder and CTO, explained in a video.

The development for Baseline Protocol is funded by ConsenSys and Ernst & Young. (ConsenSys also funds Decrypt.)  Other companies in the Protocol steering committee include AMD, ChainLink, Core Convergence, Duke University, Envision Blockchain, MakerDAO, Neocova, Splunk, Provide, and W3BCLOUD.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Unibright to Pilot Blockchain-Based Renewable Energy Trading in Germany

Sonnen Group Unveils DLT-Based Virtual Power Plant in Germany

Oct 26, 2025, 2:00 p.m.

4 min read

Solana’s upcoming Alpenglow upgrade could mark a turning point for the network’s staking economy. (CoinDesk)Summary

As the Solana ecosystem is preparing for the upgrade to come at the end of this year or in early 2026, Repetny shares how he thinks this shift could expand validator participation and improve decentralization, even as higher hardware demands loom.

This interview has been edited for brevity and clarity.

Solana’s upcoming Alpenglow upgrade could mark a turning point for the network’s staking economy. CoinDesk sat down with Michael Repetny, CEO of Marinade Labs, the firm that supports Solana’s liquid staking protocol Marinade, to discuss how the update aims to change the economics of running a validator on Solana, significantly lowering the barrier to entry.

As the Solana ecosystem prepares for an upgrade at the end of this year or in early 2026, Repetny shares his thoughts on how this shift could expand validator participation and improve decentralization, even as higher hardware demands loom.

This interview has been edited for brevity and clarity.

CoinDesk: Talk to me about the state of Solana staking – what are the most pressing issues right now in this area, in your opinion?

Michael Repetny: So when we started Marinade, there were 700 validators on Solana, with 11 of them big enough to potentially halt the network.

Then we launched Marinade during the first few years, the number of validators grew to 2000 so it looked great. Right now we are below 1000 validators again active on Solana.

I think there are other signals [on the health of Solana staking]. Another way of looking at it is if you look at the concentration of the stake, which is, if you get one-third of that stake to shut down, Solana stops working.

It takes right now around 20 of the biggest violators to do that, or also it takes two countries and it takes two data centers right now. Those are like different ways to look at it. So, it is not ideal.

We would rather see hundreds of bad quality validators than thousands of them with people just running potatoes.

And with the ETFs and with institutional interest, I think that centralization is becoming a greater risk.

At Marinade, we’re trying to make sure that we have a viable option for validators to stake in a responsible way.

Solana has a major upgrade coming called Alpenglow. How will it affect the staking ecosystem?

We are hopeful, and it should impact the staking and validator economics. There is a proposed change to just cut down the vote fees for validators (vote fees are incurred by validators when they vote on processing SOL on the blockchain). So this is a huge one, because right now, if you want to run a validator, just to get it started, you need to pay about $5,000 a month.

Of those $5,000, about $4,000 is spent on just the voting fees. So as you can see, 80% of the cost today to spin up your validator is vote fees. Alpenglow aims to turn the vote fees to be much less. This is super exciting, and should make it much more accessible to start their own validator because the cost will go down

Will there be any changes to Solana validator rewards?

One way to look at it is to cut the cost of running a validator. Alpenglow is really about increasing the bandwidth and reducing latency.

We hope to see more saturated blocks when we pack them better, which should also improve the economics of the validators by packing the blocks.

Another benefit to that would be that if you increase the bandwidth and reduce the latency, then there is a shorter time for arbitrage and malicious maximum extractable value (MEV). This means if there's less time to manipulate the ordering of the transactions, there's going to be less toxic and malicious MEV happening, which is great for users.

Are there any tradeoffs for validators with Alpenglow?

Maybe eventually the hardware cost might go up. There may be a higher requirement on the end validators to make sure that they still keep up with the network, as there will be more transactions coming in. Maybe with the more requirements on them, there could be a trade-off. Other than that, I don't know. There will be problems, but we have to see once we are there.

How does Alpenglow tie back to Marinade’s mission?

It makes it more accessible to spin up just more validators. The threshold for being break-even is way lower.

So Alpenglow is coming at the end of the year or maybe early next year – is this going to be a really big transformation or just another upgrade? And where does Solana head after that?

It's one of the pieces that need to be sorted out for Solana to be and stay competitive with things like Hyperliquid or decentralized exchanges.

Solana is working on fixing the protocol with Alpenglow, fixing the infrastructure with new projects like DoubleZero, fixing the software clients and optimizing Firedancer. All those things, hopefully now, are all coming together.

A six-month timeframe might not be enough for the results to show, but once it's out there, it's hopefully going to unlock use cases that wouldn't be available on Solana at present.

Hopefully, there will be more economic activity, which should translate to more revenue, and hopefully that pie grows.

Read more: Solana Set for Major Overhaul After 98% Votes to Approve Historic 'Alpenglow' Upgrade

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Solana Alpenglow Upgrade May Lower Validator Onboarding Barrier

Bloomberg ETF analysts confirm Fidelity Solana ETF (FSOL) and Canary Marinade Solana ETF (SOLC) to launch on Tuesday. With the launch, the crypto industry will have five spot Solana ETFs to trade, but SOL price keeps dipping despite inflows in SOL exchange-traded funds.

Fidelity Solana ETF (FSOL) Waives Fees for 6 Months According to an SEC filing on November 18, Fidelity Solana ETF has waived 0.25% for a period of six months. In addition, the issuer will also bear the staking fee on all staking rewards generated from the first $1 billion assets.

The ETF becomes auto-effective with an 8-A filing and gains approval from NYSE Arca to list shares under the ticker symbol FSOL, according to US SEC filings.

Bloomberg’s senior ETF analyst Eric Balchunas said the Fidelity Solana ETF is slated to launch on November 18. The trust has set a management fee of o.25%.

“Easily the biggest asset manager in this category with BlackRock sitting out,” he added. BlackRock has denied interest in launching any ETF beyond Bitcoin and Ethereum ETFs currently. Bloomberg analyst Balchunas quoted the launch amid continuous inflows as “Game on” as Bitwise’s BSOL has almost $450 million in assets under management.

ETF Prime host Nate Geraci revealed that the world’s third-largest asset manager Fidelity now has both direct SOL access and spot ETFs.

Fidelity recently rolled out *direct* spot solana trading…

Tomorrow they’ll launch spot sol ETF.

So both direct sol access & spot ETFs.

World’s *third* largest asset manager.

Welcome to the future.

Still surprised BlackRock sitting this one out. pic.twitter.com/h4JqUHMYB2

— Nate Geraci (@NateGeraci) November 18, 2025

Canary Marinade Solana ETF (SOLC) Launches Today In addition to the Fidelity Solana ETF, the Canary Marinade Solana ETF also gains approval from the Nasdaq to list shares under the ticker symbol SOLC, as per a CERT filing with the US SEC.

Bloomberg ETF analyst James Seyffart claims that Canary Capital, in partnership with Marinade Finance, to launch the SOLC on Tuesday. Marinade is the SOL staking partner. It has a management fee of 0.50%, with no waiver announced yet.

SOL Price Rebounds SOL price has tumbled by more than 20% in a week despite continued inflows into Solana ETFs. With nearly $400 million in total inflows in Solana ETFs, VanEck Solana ETF (VSOL) launched on Monday to join others.

Solana tumbled 9% today, with the price currently trading at $134.35. The 24-hour low and high are $129.02 and $142.47, respectively.

However, it recorded more than 3% rebound from the 24-hour low. Trading volume has increased by 60% in the last 24 hours, indicating a rise in interest among traders in response to the Fidelity Solana ETF launch.

CoinGlass data showed buying sentiment in the derivatives market in the past few hours. At the time of writing, the total SOL futures open interest jumped 0.61% to $7.43 billion in the last 24 hours. The 4-hour SOL futures open interest climbed nearly 2%.

TLDR VanEck Solana ETF (VSOL) launched Monday with waived 0.3% fees until February 17 or $1 billion in assets Fidelity Solana ETF (FSOL) and Canary Marinade Solana ETF (SOLC) both launched Tuesday Grayscale Dogecoin ETF expected to launch November 24 pending SEC response Combined Solana ETFs have attracted over $380 million in inflows despite SOL price dropping 20% weekly SEC’s September listing standard changes enabled faster crypto ETF approvals without individual assessments The cryptocurrency market witnessed a wave of new exchange-traded fund launches this week. VanEck’s Solana ETF began trading Monday while Fidelity and Canary Capital followed with their own Solana funds on Tuesday.

VanEck’s VSOL joined existing Solana ETFs from Bitwise and Grayscale that debuted in late October. These three funds have collectively attracted over $380 million in investor capital.

The new VanEck fund offers staking yields similar to its competitors. Investors’ Solana tokens are locked on the blockchain to earn rewards through the staking process.

VanEck has waived its 0.3% management fee until February 17 or until the fund reaches $1 billion in assets. This temporary fee waiver aims to compete with existing funds charging 0.25%.

Fidelity Enters the Market Fidelity’s Solana ETF launched Tuesday on NYSE Arca under the ticker FSOL. The fund charges a 0.25% management fee matching most competitors in the space.

Bloomberg ETF analyst Eric Balchunas noted Fidelity is the largest asset manager in this category. BlackRock has chosen to sit out and has expressed no interest in launching ETFs beyond Bitcoin and Ethereum.

Canary Capital partnered with Marinade Finance to launch their Solana ETF on the same day. The SOLC fund trades on Nasdaq with a 0.50% management fee.

Marinade Finance serves as the staking partner for Canary’s fund. The company has not announced any fee waivers at this time.

The Securities and Exchange Commission changed its listing standards in September. These new rules allow for faster approvals without requiring individual assessment of each fund.

Dogecoin ETFs on the Horizon Grayscale’s Dogecoin ETF could launch as early as November 24. The fund triggered a 20-day launch window after filing amendments earlier this month.

The Grayscale Dogecoin Trust would convert from its existing fund structure. It plans to trade on the New York Stock Exchange under the ticker DOGE.

This would be the first US Dogecoin ETF able to directly hold the memecoin. REX Shares and Osprey Funds launched a DOGE ETF in September but it holds cryptocurrency through an offshore subsidiary.

Bitwise filed for its own spot Dogecoin ETF on November 6. The filing triggered another 20-day launch timer that could see the fund go live late next week.

Solana’s price has fallen despite strong ETF inflows. The token dropped 20% over the past week and 9% in 24 hours before rebounding slightly.

Solana Price on CoinGecko SOL currently trades at $134.35 after touching a 24-hour low of $129.02. Trading volume increased 60% in the last 24 hours.

Bitwise’s BSOL fund has accumulated almost $450 million in assets under management. The combined inflows demonstrate investor appetite for cryptocurrency exposure through regulated products.

Derivatives data from CoinGlass showed buying sentiment returning in recent hours. Total SOL futures open interest rose 0.61% to $7.43 billion in the past 24 hours.

Fidelity Investments and Canary Marinade have launched new spot exchange-traded funds tracking Solana, expanding regulated investor access to one of the fastest-growing blockchain ecosystems. Fidelity’s fund, listed under the ticker FSOL on NYSE Arca, introduces a low-cost entry point with a management fee of 0.25 percent. Canary Marinade’s offering, SOLC, debuts on Nasdaq with a 0.50 percent fee and a staking-enabled structure in partnership with Marinade Finance. The launches bring the total number of U.S. spot Solana ETFs to five, signalling escalating institutional interest in altcoin-focused investment products.

Both fund issuers enter the market at a time of heightened volatility for Solana. Despite increased inflows into existing Solana ETFs, the asset has experienced meaningful price pressure, reflecting shifting risk sentiment and a broader retracement across crypto markets. Even so, the introduction of additional regulated vehicles demonstrates accelerating demand for alternative digital-asset exposure beyond Bitcoin and Ethereum.

Staking, fees and product structure Fidelity and Canary Marinade have taken distinct approaches in designing their Solana ETFs. Fidelity’s FSOL prioritises affordability and broad accessibility, underpinned by a straightforward spot-Solana structure. Its 0.25 percent management fee positions it competitively among crypto ETFs, aiming to attract long-term investors seeking cost efficiency.

In contrast, Canary Marinade’s SOLC distinguishes itself with a staking-enabled model that integrates with Marinade Finance’s established staking infrastructure. By converting Solana staking rewards into potential additional returns for fund participants, SOLC targets yield-oriented investors looking for enhanced exposure. The higher 0.50 percent fee reflects this expanded functionality.

These launches coincide with the U.S. Securities and Exchange Commission’s newly implemented generic listing standards for spot crypto ETFs. The revised framework streamlines the approval process and allows national exchanges to list such products through a standardised rule set rather than a bespoke filing process. This regulatory evolution has enabled faster time-to-market for alternative crypto ETFs, fuelling innovation across the sector.

Market outlook and investor considerations The arrival of two new Solana ETFs provides investors with diversified options for accessing the asset through regulated markets. Early inflow data suggests that institutional interest remains strong despite Solana’s recent price decline. Market participants appear to be positioning ahead of a potential recovery, drawn by Solana’s high throughput, low transaction costs and expanding ecosystem of consumer-facing applications.

Nonetheless, key risks remain. Solana’s volatility, the operational complexity of staking mechanisms and broader macroeconomic uncertainty may affect fund performance. For investors evaluating these new products, fee structure, staking risk and liquidity considerations will play a central role in portfolio construction.

The combined launch of FSOL and SOLC signals a maturing landscape for altcoin investment products. As regulated infrastructure expands, Solana’s presence within institutional portfolios may strengthen, offering a broader range of exposure pathways for both traditional and digital-native investors.

Solana’s staking ecosystem accelerated in 2025, driven by both retail users and institutions. Native staking remained the dominant pillar, supported by elevated yields during the 2024–2025 cycle. Marinade, as one of the pioneers in this field, grew in native staking. Its native staking product consistently delivered high performance, with peak APY reaching double digits (11.64%) during November 2024 and remaining competitive through 2025.

Liquid staking tokens also continued their upward trajectory in 2025, increasing from roughly 11% of all staked $SOL in early 2025 to over 14% by October. During this period, $JitoSOL, $dzSOL, and $bnSOL grew significantly, while $mSOL shifted to fifth place. This shift highlights intensifying competition among LSTs and signals a broader strategic recalibration for Marinade as market dynamics evolve.

Shift Toward Native Staking in 2025 Marinade’s overall staking footprint rebounded as $SOL’s market recovery gained momentum. By Q3 2025, its total staked $SOL surpassed 10M, but the more significant development was the clear shift toward Native staking, which overtook the protocol’s LST segment and established itself as the dominant component. 

While LSTs continued to offer meaningful advantages, enhancements to delegation infrastructure, refined reward mechanisms, and the introduction of features such as instant unstake enabled the Native segment to demonstrate materially stronger and more sustained growth.

Speaking to SolanaFloor about this shift, Michael Repetný, co-founder of Marinade Finance, explained the dynamics behind this transition:

“Institutions and retail alike still prefer safety and security over liquid staking. Marinade launched with Bitgo integration and another native staking integrations to be announced soon, so we expect that trend to follow. While we do have an exciting product for mSOL too to be announced with an ecosystem partner. So we shall see what product wins in 2026.”

Institutions Enter the Staking Layer 2025 marked a turning point for institutional adoption. Asset managers and custodians are increasingly integrating staking into their products, beginning with ETPs and eventually expanding into treasury allocations. VanEck’s staking-enabled Solana ETP signaled the first wave of TradFi interest, addressing dilution concerns by incorporating staking yield directly into fund performance.

Rapid Institutional Growth of Marinade Select Marinade became a central infrastructure partner for institutions. Marinade Select, the protocol’s enterprise‑grade staking service, offered a curated validator set with audited performance, slashing protection, and strict operational standards. Partnerships with BitGo, Zodia, and Copper strengthened this positioning. 

By mid‑2025, Marinade Select had become the designated staking backend for institutional products, including the Canary Solana ETF (SOLC). Corporate adoption accelerated, and by November 2025, Marinade Select’s TVL surpassed 3.1M $SOL (~ $436M), representing a threefold growth within the month. Notably, this expansion occurred in less than six months, underscoring the rapid pace at which institutions adopted Solana staking through Marinade’s infrastructure.

When asked about the current sentiment among institutional players toward Solana staking yields, associated risks, and the scale of allocations they are now prepared to deploy, Repetný offered his perspective:

“Everyone is cautious but def more open towards more risky products like LSTs and DeFi, which is a slight shift since the new administration. There's extreme margin compression in the institutional space, leaving validators with close to zero upside since the alternative for the institution is to spin up their own node themselves. What's going to be interesting is how the institutions adapt to a more versatile environment with multiple MEV engines like Harmonic, Paladin etc.”

Institutional Staking Becomes Marinade’s New Growth Engine Marinade’s core business historically centered on liquid staking through $mSOL, but the rapid rise of its institutional‑grade product signals a major market shift. With Marinade Select surpassing 3.1M $SOL in TVL by November 2025, the growth trajectory suggests this segment may soon become the primary pillar of the protocol’s business.

A key question arises: why do institutions continue to choose Marinade Select despite its comparatively lower APY? Repetný provided a more formal perspective on the institutional considerations driving this shift:

“Marinade Select is a KYC-only product built on top of known and reputable community validators, making it a superior choice to decentralize Solana in the best way possible, avoiding sybils and questionable validators, while staying competitive in yield. We expect Select APY to be on par with self-staking yield very soon, with more announcements to come.”

Outlook Solana’s staking ecosystem enters 2026 with growing indications that institutional staking may become the dominant trend of the next cycle. Native staking remains essential for network security, while liquid staking continues to support DeFi activity. However, institutional‑grade staking is rapidly emerging as a strategic pillar of the ecosystem. Marinade’s evolution from a liquid staking pioneer to a leading institutional partner through Marinade Select positions it as a major contributor to this shift. The protocol’s ability to offer vetted validators, operational assurances, and compatibility with custodial infrastructure underscores why institutions increasingly rely on it.

Read More on SolanaFloor Trading of Cross‑Chain Tokens on Solana: $MON and $ZEC Exceed $1B in DEX Volume

For years, Marinade Finance has been one of Solana’s most reliable staking operators, enabling $SOL holders to earn optimized yield on their stake.

Today, Marinade Finance expands its offering to include $USDC rewards. Joining forces with RockawayX and Kamino, Marinade is launching its proprietary stablecoin savings product, enabling users to earn up to 6% APY on $USDC deposits.

The launch echoes a wider trend playing out across the DeFi economy, wherein crypto natives are storing their wealth onchain regardless of market dynamics. 

Marinade’s $USDC Vault to Target 4-6% APY The Marinade USDC Vault is a stablecoin savings product that lets users earn yield on $USDC without leaving the Marinade ecosystem. The vault targets a variable 4-6% APY on deposited $USDC, with yield subject to prevailing market conditions.

Moving out of staked $SOL into cash can be a cumbersome affair. Offramping to fiat costs the average user around 2% in compounded fees, and can sometimes take several days. 

Seeing that around 75% of its unstakers are seeking to exit to USD, Marinade Finance has designed a stablecoin vault that seeks to capture this value flow. In one click, users can shift capital directly from staked $SOL into a yield-bearing $USDC vault, with fiat off-ramping expected in future updates.

Upon deposit to the Marinade vault, users receive an SPL share token representing their position, which remains transferable and redeemable at any time.

"Instead of losing users through a painful off-ramp process, we're giving them a reason to stay. With Kamino powering the infrastructure and RockawayX managing the strategy, users get solid yield with the simplicity Marinade is known for." - Michael Repetny, Marinade Finance CEO

In times of market uncertainty, Marinade’s stablecoin vault becomes a powerful tool for DeFi users who want to limit their exposure to volatile assets, while continuing to earn yield onchain.

RockawayX to Manage Vault Strategy Marinade’s $USDC vault is built on a three-layer stack, collaborating with some of the names in Solana DeFi. 

RockawayX, an investment firm with deep ties to the Solana ecosystem, will manage the vault’s yield strategy. Overseeing the vault’s day-to-day operation, RockawayX will allocate and actively rebalance capital to ensure consistent yield. 

At press time, RockawayX has communicated its intention to run a conservative mixed-market strategy, allocating funds across Kamino’s lending markets, Maple’s institutional credit markets, and various similar RWA products.

While RockawayX handles strategy, Marinade owns and controls the vault outright, with its Council multisig (3 of 5) holding ultimate authority. Marinade can add or remove modules, replace the vault manager, adjust configuration, or initiate a wind-down at any time, and RockawayX is unable to withdraw funds to external wallets.

“Our job is to underwrite every allocation properly and rebalance when conditions move. We've run market-neutral strategies through every major stress event since 2022 with zero defaults. That's the standard we're applying here.” - Nassim Alexandre, RockawayX Head of Onchain Asset Management and Curation

Kamino Finance provides the underlying infrastructure through the Kamino Buildkit, and is built upon Kamino’s Lend product, including smart contracts, lending markets, NAV accounting, and the share token mechanics. Solana’s biggest DeFi lender, Kamino has successfully completed 18 independent audits and suffered zero bad debt since the platform launched in 2022.

Solana Stablecoin Supply At All-Time Highs The launch of Marinade Finance’s stablecoin vault coincides with the emergence of a new trend in onchain markets. Previously, the end of a crypto bull cycle would typically result in an exodus of capital, with market participants moving their funds offchain to store their wealth in fiat.

That appears to be changing in 2026. While asset prices continue to slide amidst languishing market conditions, traders and investors are choosing to keep their funds onchain, taking advantage of a wealth of yield bearing opportunities in the stablecoin economy.

In the collapse of the 2021 bull market, Solana’s stablecoin supply remained largely unchanged as $SOL plummeted from $250 to around $30, before capitulating entirely towards the end of the year. This time around, Solana’s stablecoin supply has expanded in the face of declining asset value, suggesting market participants prefer to store their wealth across Solana DeFi.

Marinade’s $USDC vault seeks to capture this value flow, enabling its users to continue to earn reliable yield on their assets, without needing to leave the Marinade ecosystem.

Anchorage Digital has integrated Marinade Finance into its platform, allowing institutional clients to stake Solana tokens through automated validator strategies while maintaining custody of their assets.

According to Thursday’s announcement, the integration gives clients direct access to Marinade’s staking strategies within Anchorage’s custody and wallet infrastructure, including its Porto self-custody wallet, without requiring external applications.

The setup separates staking delegation from withdrawal control, allowing institutions to participate in validator selection and yield generation while retaining asset control.

Clients can choose between two staking strategies: one that allocates across a curated set of roughly 30 KYC-verified validators for compliance-focused use cases, including regulated financial products such as exchange-traded funds (ETFs). Another dynamically distributes stake across a broader validator set spanning hundreds of operators to optimize yield.

The integration is available through Anchorage Digital’s platform and its Porto wallet, where staking, custody and asset management functions are combined within a single interface.

Anchorage Digital is a San Francisco-based crypto custody provider that operates the first federally chartered crypto bank in the United States. In January, it was reported to be seeking between $200 million and $400 million in new funding as it considers a potential initial public offering next year.

Institutional yield strategies expand from staking to Bitcoin DeFiInstitutions are increasingly seeking yield on crypto holdings without moving assets out of custody, as staking gains traction among asset managers and product issuers.

In February, Ripple expanded its custody platform through integrations with Securosys and Figment, enabling banks and custodians to offer staking without running validators or managing keys, with support across on-premises and cloud environments and built-in compliance checks.

The following month, Anchorage Digital integrated with Puffer Finance to offer liquid restaking on Ethereum, allowing clients to stake Ether (ETH) and receive pufETH, a transferable token representing a restaked position that continues earning rewards.

While staking -- that is, earning rewards for securing a network -- was traditionally limited to proof-of-stake assets, similar yield strategies are emerging for Bitcoin (BTC) via decentralized finance (DeFi) integrations.

Lombard recently teamed with Bitwise Asset Management to enable institutions to earn yield and borrow against Bitcoin without moving assets out of custody, combining DeFi lending and tokenized real-world assets with infrastructure from Morpho.

Similarly, Fireblocks has integrated Stacks to provide institutional access to Bitcoin-based lending and yield, using faster block times while settling transactions on Bitcoin for finality.

Magazine: Adam Back says current demand is ‘almost’ enough to send Bitcoin to $1M

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

PANews reported on June 16 that, according to SoSoValue data, the SOL spot ETF saw a total net inflow of $2.8086 million yesterday (June 15, Eastern Time).

The SOL spot ETF with the largest net inflow yesterday was the Fidelity Solana Fund ETF (FSOL), with a single-day net inflow of $2.6587 million, bringing its total historical net inflow to $192 million.

The second largest net inflow was into the Canary Marinade Solana ETF (SOLC), which saw a net inflow of $149,900 in a single day, bringing its total historical net inflow to $1,360,700.

As of press time, the SOL spot ETF has a total net asset value of $861 million, an SOL net asset ratio of 1.98%, and a cumulative net inflow of $1.127 billion.

2019 in Crypto is Year of the DEX: NEO’s Nash to Launch, Main Competitor of Binance?

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Ethan Fast has spilled all in a recent interview with CryptoSlate. Fast shares how he got into the crypto space and what encouraged him to kick start the Nash platform. Ethan Fast, the CTO and co-founder of the Nash platform, has spilled all in a recent interview with CryptoSlate.

The self-custody DEX has been gaining some significant movement and attention over the past few months so it’s sure to be an interesting take.

In the interview, Fast shares how he got into the crypto space and what encouraged him to kick start the Nash platform. He also spoke on the challenges of building a good quality user experience and where he sees the blockchain space going over the next few years.

If you want to read the full interview click here, but we’re going to look through the highlights.

The interviewer asked Fast on why he decided to co-start Nash. He responded, saying:

“During the final years of my PhD I began working with a group of amazingly talented people who more or less bootstrapped the NEO blockchain open-source community. We all worked really well together and shared an excitement about the future of digital assets, so the idea of starting a company felt like a logical next step.”

He added:

“In terms of “why Nash?” specifically, the most compact form of our mission is “distributing finance for everyone” and that still does a good job of summing up why we are working on this company. Cryptocurrencies are unique among other assets in the level of control and empowerment they give the people who own them. We want to make these assets and their properties accessible to everyone. Another motto we have is “trust yourselves”, which perhaps gets even more quickly to the point: we want to give people the power to do that! We all love working with the tech, but these are the bigger things we also care about.”

The CTO went onto comment on some of Nash’s most notable achievements or milestones.

“It’s always possible to break things down in different ways, but I’d say our first milestone was the public sale of our Nash Exchange security token (NEX) in 2018. This was an extremely big deal for us and, really, the whole ecosystem, as no one had ever publicly sold and issued a token that also had legal standing as a European security. Getting this done took more than a year of communication and back-and-forth with regulators at the FMA in Lichtenstein. The reason we went through so much pain was to provide investors with legal protections and explicitly pay dividends from the services we are building, which is only possible with a proper security. In the end, more than 15,000 people invested and we raised around twenty million in the public sale.”

He continued:

“Our second major milestone was the release of our exchange in early September of this year. We are the first exchange to demonstrate non-custodial, cross-chain trading of assets and tokens that live on different blockchains (for example, Ethereum and NEO) with performance on par with centralized exchanges.”

For more news on this and other crypto updates, keep it with CryptoDaily!

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Undeads: A Guide to The Blockchain Survival Game and Metaverse

Tesla to kick off Mag 7 earnings as more companies withdraw guidance

2 mins read March 20, 2024

Binance, a prominent crypto exchange, reveals plans to delist MobileCoin, DREP, and pNetwork, citing the need to adapt to market changes and prioritize user safety. MobileCoin’s impending removal from Binance sparks market turbulence, with the token witnessing a sharp decline of nearly 55% in response to the announcement. Binance Labs’ strategic investment of $29.7 million in MobileCoin in 2018 highlights the exchange’s confidence in the project’s potential to drive widespread crypto adoption. Binance cryptocurrency exchange, has announced the impending delisting of MobileCoin (MOB), among two other tokens, DREP (DREP) and pNetwork (PNT), from its trading platform. The decision, disclosed in a press release on March 20, comes as part of Binance’s commitment to adapt to evolving market dynamics and ensure the best services and protections for its users. While specific reasons for MobileCoin’s delisting were not explicitly provided, Binance cited various factors influencing such decisions, including regulatory requirements and contributions to a healthy crypto ecosystem.

MobileCoin, a privacy-focused token, garnered significant attention when Binance Labs, the exchange’s venture arm, led a funding round for the project in 2018, raising $29.7 million. This strategic investment underscored Binance’s belief in MobileCoin’s potential to drive mainstream cryptocurrency adoption. However, the impending delisting casts a shadow over the project’s trajectory, prompting speculation within the crypto community about the underlying reasons behind Binance’s decision.

Impact on Binance Labs and MobileCoin’s collaborative vision Following Binance’s delisting announcement, MobileCoin experienced a sharp price decline, plummeting by nearly 55% to $0.1491, according to data from CoinMarketCap. This significant drop underscores the market’s response to the news and raises concerns about the token’s future trajectory. With trading pairs involving MobileCoin set to be suspended on April 3 at 03:00 UTC, investors are bracing for further volatility in MobileCoin’s price and market dynamics.

Binance Labs’ strategic investment in MobileCoin in 2018 signaled a shared vision between the two entities regarding the future of cryptocurrency adoption. However, the impending delisting raises questions about the longevity of this collaboration and the extent to which Binance Labs remains aligned with MobileCoin’s goals. The absence of explicit reasons for the delisting adds to the uncertainty surrounding the situation, leaving stakeholders to speculate about the underlying factors at play.

MobileCoin’s privacy-focused approach and technical capabilities MobileCoin, launched in 2017 by Joshua Goldbard, a former engineer at Signal, has garnered attention for its privacy-focused approach and innovative encryption techniques. The project aims to ensure privacy for its users through a combination of encryption methods, with support for in-app payments via Signal and Mixin Messenger. Despite its technical capabilities and privacy features, MobileCoin’s delisting from Binance raises questions about its broader market acceptance and viability as a mainstream cryptocurrency.

As MobileCoin grapples with the implications of its delisting from Binance, the project faces a critical juncture in its development. The absence of explicit reasons for the delisting adds to the uncertainty surrounding MobileCoin’s future trajectory, leaving stakeholders and investors eager for clarity. While the project’s privacy-focused approach and technical capabilities remain noteworthy, the delisting underscores the challenges of navigating the rapidly evolving crypto landscape. MobileCoin’s ability to adapt to these challenges and carve out a niche in the broader cryptocurrency ecosystem will be closely watched in the coming months.

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Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life’s work is to introduce the concept of decentralization to people worldwide.

Published: March 21, 2024

Last Updated: March 21, 2024

Binance delists DREP, MobileCoin (MOB), and pNetwork (PNT). The move comes as the tokens have fallen short of the criteria initially earning them Binance listings. DREP team has apologized to the community members and proposed an airdrop program. Binance, the most prominent centralized trading platform, has announced plans to discontinue support for three crypto projects due to subpar performance. The affected tokens include Drep (DREP), MobileCoin (MOB), and pNetwork (PNT).

This move comes after Binance recently reviewed all listed digital assets to ensure they meet high standards and industry requirements. Projects failing to meet these standards risk delisting from the platform, as Binance prioritizes providing top-tier services and protections for its users. Unfortunately, DREP, MOB, and PNT have fallen short of the criteria that initially earned them listings on Binance.

As a result, Binance will remove all Bitcoin and USDT trading pairs associated with DREP, MOB, and PNT starting April 3. Additionally, the platform will cease accepting deposits of these tokens from the delisting date. Users are advised to withdraw their holdings before July 3, as Binance will automatically convert any remaining tokens to stablecoins after this period.

Notably, Binance’s move to delist DREP, MOB, and PNT has had severe consequences for the market values of the tokens. For instance, MOB has tanked by over 56% from its daily high of $0.32 to $0.1363 within the last few hours. Similar 56% declines have been observed with PNT and DREP.

Meanwhile, the project team behind DREP has issued a statement via its official X account concerning the delisting from Binance.

𝐓𝐨 𝐭𝐡𝐞 𝐃𝐑𝐄𝐏 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐭𝐲,
We sincerely apologize for the announced delisting of the $DREP from #Binance . We understand this news is frustrating especially since we put in 10000000000000% in our product developments and upcoming milestones.
In the meantime, we'd… pic.twitter.com/T4OcQlXuSu

— Official DREP (@DrepOfficial) March 20, 2024 Acknowledging the implications of this development for DREP holders, the team apologizes to the community members. Simultaneously, the team has proposed a proposal dubbed “MOON-INDUCING UTILITY” to reduce the token supply and potentially benefit holders long-term. 

The proposal includes DREP token burn and airdrop. Specifically, they suggested burning 22,593,750 tokens, approximately 23% of the total token supply should the community approve. Additionally, they propose to airdrop the remaining 20,000,000 tokens.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Huobi HTX Completes Multi-Million Dollar pGALA Compensation

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January 26, 2024

Source: Adobe / top imagesA new platform named BitcoinOS aimed at bringing Bitcoin into the decentralized finance (DeFi) landscape has been introduced by a team of blockchain developers at Sovryn.

The platform, which the developers describe as an “operating system” for Bitcoin, utilizes “sovryn rollups,” creating a foundational layer for decentralized applications (dapps) on the Bitcoin network, according to an announcement posted on Sovryn’s website this week.

Does Bitcoin seem frozen in time? Other chains have smart contracts, scaling layers, rollups – and Bitcoin?

Introducing BitcoinOS: a superlayer of interoperable rollups turning Bitcoin into a global operating system.

Innovation is coming to Bitcoin!#BitcoinOS

Link⬇️ pic.twitter.com/4BV7E5Xn5G

— Sovryn | DeFi for Bitcoin (@SovrynBTC) January 25, 2024

This platform, presented as a “public good,” allows any developer to contribute and build tools in their preferred programming language.

BitcoinOS will be “be game-changing,” the announcement on Sovryn’s website proclaimed, noting that it combines “rollup flexibility and scalability, ensuring interoperability, and allowing seamless movement of Bitcoin and native assets across systems.”

“BitcoinOS redefines Bitcoin as a global operating system for the world,” the announcement added.

BitcoinOS increases speed and lower costs of transactions
Bitcoin’s primary blockchain, recognized for its high security, has over the years been criticized by some members of the crypto community for its slower transaction speed and higher costs during peak periods.

BitcoinOS aims to address these limitations by providing scalability, programmability, interoperability, and a nearly trustless security model.

The platform’s fraud system enables even a single honest participant to prevent fraudulent transactions, thereby enhancing security.

Sovryn’s announcement also highlighted that BitcoinOS allows for complete smart contracts, enabling developers to launch their rollups, fostering composability and interoperability among various applications.

The project thus seeks to prevent liquidity silos and enable shared economic activity between different projects, the announcement said.

Sovryn is also known as the issuer of the Sovryn Dollar (DLLR), a Bitcoin-backed decentralized stablecoin which is redeemable for BTC.

Bitcoin DeFi App Sovryn to Deploy on Hybrid Layer 2 Network Build on Bitcoin

Bitcoin-Backed Credit: A Bridge to Financial Inclusion for the World’s Unbanked

What Is BTCFi? A Guide to Bitcoin’s DeFi Ecosystem