Chainlink Feeds Go Live on Tempo@tempo announced on Thursday that @chainlink Data Feeds are now available to developers building on its payments-focused blockchain. The integration lets teams pull live price data directly into their applications to value collateral, compare foreign exchange rates, and set risk controls, all without running their own oracle infrastructure.
One of its more distinctive design choices is the absence of a native gas token. Validation on the chain remains permissioned.
A Payments Chain Built for Institutional Scale
For Tempo developers, the addition removes a meaningful technical barrier: teams can access battle-tested price data without building or maintaining oracle infrastructure of their own.
Whether that translates into sustained usage will depend on developer adoption as Tempo's ecosystem matures.
Sources
Chainlink expands services across Ink and Tempo, Crypto Briefing
Stripe-led Tempo blockchain goes live, CoinDesk
Tempo: The Blockchain Designed for Payments, Paradigm
Ansem on Shifting Mindsets Between Bull and Bear Markets: To Capture Maximum Profits in a Bull Market, You Have to Relearn to 'Dream'
Crypto trader Ansem says the hardest part of transitioning from a bear market to a bull market is that the strategies that helped you survive and profit in a bear market will end up losing you money in a bull market. If you’re still making money from short-term, high-frequency trading right now, that demonstrates strong trading skills. But to capture the largest gains of a bull market, you need to re-learn to "dream"—meaning daring to hold spot assets and embrace long-term positions. Ansem’s advice for those already profitable is to allocate a portion of their positions to long-term holdings, while using the remaining capital to continue short-term trading as usual. Meanwhile, Ansem once again posted to call for buying ZEC, stating that purchasing ZEC at $948 is equivalent to buying Bitcoin at $948. Per HTX market data, ZEC is currently trading at $948, with a 24-hour increase of over 16%.
5 hours ago
28x surge in a single day! Apple-linked meme coin ICOIN crosses $5.5 million in market cap
According to GMGN market data, Robinhood Chain’s crypto-stock meme token ICOIN has hit a market cap of over $5.5 million, reaching a recent high and approaching its all-time peak of $5.8 million. The token has rallied more than 28 times in 24 hours, with a trading volume of $8.9 million. ICOIN is paired with tokenized U.S. stock Apple (AAPL). BlockBeats Note: Crypto-stock meme (Stock Meme) is an emerging concept merging traditional meme coins with tokenized U.S. stocks. Unlike standard meme coins paired with USDT or ETH, these tokens form trading pairs directly with on-chain U.S. stock tokens (e.g., NVDA, TSLA, AAPL). This model retains meme coins’ high volatility and community-driven speculative traits while leveraging real stocks’ popularity and narratives. A portion of transaction fees often flows back to the community treasury to accumulate corresponding U.S. stock tokens, creating a dual-driven framework of "sentiment speculation + real asset anchoring". Price volatility is significant; investors should exercise caution.
5 hours ago
Robinhood-linked meme token NUDES hits a new all-time high as its market cap tops $23 million.
According to GMGN data, the stock-meme project NUDES on Robinhood Chain has hit a new all-time high with a market cap exceeding $23 million, surging over 113% in 24 hours and logging a trading volume of $13.9 million. NUDES is paired with tokenized US stock Snap, trading under the ticker SNAP. BlockBeats Note: Stock Meme is an emerging concept that combines traditional meme coins with tokenized US stocks: instead of pairing meme coins with USDT or ETH, they are matched directly with on-chain US stock tokens (such as NVDA, TSLA, AAPL, etc.). This model retains meme coins’ high volatility and community-driven speculative traits while leveraging the popularity and narrative of real stocks. A portion of transaction fees often flows back to the community treasury to accumulate corresponding US stock tokens, forming a dual-driven model of "sentiment speculation + real asset anchoring". Prices are highly volatile; investors should exercise caution.
5 hours ago
Trader Loracle’s unrealized losses on short positions in CASHCAT and PONS have expanded to $2.4 million.
According to TradingBeats’ monitoring, trader Loracle has opened 3x leveraged short positions on CASHCAT and PONS, with a combined short position value of roughly $13 million. As CASHCAT’s market cap breaks through $300 million to a new all-time high, and PONS nears its own $600 million peak, the trader’s unrealized loss has climbed to approximately $2.4 million. The CASHCAT short position is valued at around $6.6 million, with an average entry price of $0.23, leading to an unrealized loss of about $1.1 million. The PONS short position is worth roughly $6.3 million, with an average entry price of $0.47, and an unrealized loss of approximately $1.3 million. On-chain perpetual contract and address analysis tool TradingBeats is now live, supporting real-time access to Hyperliquid data, with in-depth analysis covering everything from address tracing to whale operations, all available at a glance.
5 hours ago
Jiang Zhuoer recapped his trading operations: He bought 4,000 ETH at the $2,380 bottom, but closed his position too early, missing out on potential profits.
Jiang Zhuoer, founder of BTC.TOP (莱比特矿池), shared his recent trading operations, announcing he will no longer trade ETH perpetual contracts, citing excessive candlestick wicks that disrupt his trading mindset. For instance, he bought 4,000 ETH at $2,380 last night in a bottom-fishing move, originally setting a take-profit order at $2,493. However, a sharp candlestick wick pushed ETH down to $2,367 this morning, prompting him to decide to close his position once ETH rebounded to $2,403. ETH indeed rallied to his $2,493 take-profit target tonight. Crucially, BTC’s candlestick did not have such a wick. Going forward, he plans to use WBETH as margin, trade BTC perpetual contracts without leverage (maxing out at a full position), and hold all funds in ETH spot when not actively trading.
5 hours ago
Oman Rejects Iran's Proposal to Impose Fees on the Strait of Hormuz
According to a New York Post report, Oman has quietly rejected Iran’s proposal to charge commercial vessels fees in the Strait of Hormuz. A regional official with knowledge of the matter stated that Oman refused to agree to collecting environmental and security fees, even if they were voluntary. Iran’s Revolutionary Guard Corps’ earlier claim that the two sides had reached an agreement is untrue. A U.S. official noted that the terms of Iran’s proposed revenue-sharing agreement had not even been finalized by Tehran. Earlier, after Iranian Foreign Minister Hossein Amir-Abdollahian and Omani Foreign Minister Badr bin Hamad Al Busaidi held talks in Tehran, Revolutionary Guard Corps spokesperson Hossein said the two countries had reached an agreement on the division of waters in the Strait of Hormuz and revenue sharing.
Per TradingBeats’ monitoring, as of press time, an address starting with 0xc74 has been steadily accumulating HYPE. Today alone, the address has bought 90,772.69 HYPE tokens, totaling roughly $7.43 million in transaction volume. The address’s current HYPE spot holdings breakdown is: HyperCore spot account: 50,331.0493 tokens; HyperEVM native HYPE: 47,950.5328 tokens; Total: 98,281.5822 tokens, valued at approximately $8.0469 million. Its total remaining purchasing power stands at around 9,267.72 tokens. If the address deploys all its remaining USDC, its theoretical HYPE spot holdings could rise to about 107,549 tokens.
Half a Billion in Deposits@coinbase and @Morpho confirmed on Thursday that Coinbase Lend has crossed $500 million in total deposits, a milestone reached less than a year after the product's September 2025 launch.
Infrastructure and Growing Scale on Base
Sources:
Morpho: Morpho is now Powering USDC Lending on Coinbase
Coinbase Blog: Earn competitive yields by lending your USDC
CoinDesk: Coinbase Adds USDC Lending With Morpho and Steakhouse Financial
Circle has issued its latest monthly reserve attestation for USDC, with Deloitte’s review showing reserve assets above total circulating token supply.
The attestation states that USDC reserves stood at $34.5 billion and were backed primarily by short-term U.S. Treasury bills and overnight repurchase agreements. That kind of reserve disclosure matters because stablecoins depend on confidence. Users need to believe that tokens can be redeemed and that reserves are managed conservatively.
USDC has long tried to compete on transparency and regulatory alignment.
Monthly attestations are part of that strategy.
For more details, visit the official Circle platform.
TL;DR Circle released its latest monthly USDC reserve attestation. The attestation showed reserve assets above circulating USDC supply. Reserves were mostly held in short-term U.S. Treasuries and overnight repo agreements. Why Stablecoin Attestations Matter Stablecoins are only useful if users trust the backing.
A dollar-pegged token needs enough high-quality assets behind it to meet redemptions. If users begin to doubt the reserves, confidence can disappear quickly. That is why reserve transparency has become one of the most important parts of the stablecoin market.
Attestations are not the same as real-time audits.
They are point-in-time assessments. But they still give the market a structured look at reserve composition and whether assets exceed token liabilities at the reporting date.
For USDC, that transparency is part of the product.
Treasuries And Repo Keep The Reserve Conservative Circle’s reserve mix remains important.
Short-term U.S. Treasury bills and overnight repurchase agreements are generally viewed as conservative, liquid instruments. They are not risk-free in every possible sense, but they are far easier for investors to understand than opaque commercial paper, volatile assets, or unsecured loans.
That matters in stablecoins.
Reserve quality can be as important as reserve size. A stablecoin backed by liquid government securities sends a different signal than one backed by harder-to-value assets.
USDC’s latest attestation supports the company’s transparency-led positioning.
A Point-In-Time Snapshot The limitation is important.
A reserve attestation reflects a specific reporting date. It does not show every movement before or after that date. It does not guarantee that reserve composition never changes. It does not eliminate operational, banking, regulatory, or redemption risk.
But it does create accountability.
By publishing regular reserve information, Circle gives users, exchanges, institutions, and regulators something concrete to review.
That helps separate serious stablecoin issuers from weaker operators that ask users to trust them without showing much.
USDC’s Role In Crypto Markets USDC remains one of crypto’s most important settlement assets.
It is used across exchanges, DeFi protocols, payment applications, remittances, tokenized markets, and institutional workflows. That makes reserve strength systemically relevant inside crypto.
If USDC confidence is high, it helps liquidity.
If stablecoin confidence weakens, the effects can spread quickly through DeFi and trading venues.
That is why even routine attestations matter.
The Broader Stablecoin Race Stablecoin competition is intensifying.
Tether remains the dominant issuer by supply, but USDC has positioned itself around transparency, compliance, and institutional access. New rules and bank-linked stablecoin projects could make the market even more competitive.
Circle’s reserve attestations are part of how it defends its place in that market.
The latest release does not change the entire stablecoin landscape overnight. But it gives users another monthly data point showing that USDC reserves exceeded circulating supply at the reporting date.
In stablecoins, that kind of boring transparency is exactly the point.
This article draws on Circle’s latest USDC reserve attestation materials.
This article was written by the News Desk and edited by Samuel Rae.
The total crypto market cap climbed to $2.7 trillion, up 0.9% over 24 hours, with $73.5 billion in trading volume. But the headline number hides a clear divergence. Bitcoin is up just 2% over the past 24 hours, while several altcoins are posting far stronger moves.
Zcash Leads the Comeback
Zcash has emerged as one of today’s standout performers, up 6.3% in 24 hours and 8.2% over the week to trade at $851.99. XRP is close behind, up 4.8% on the day to $1.39, with a 7-day volume of $2.59 billion. BNB also outpaced Bitcoin, gaining 4.5% to reach $711.78. Ethereum sits at $2,426.89, up 1.9% daily and down 3.1% weekly, while Solana gained 3.8% to $101.47.
Why the Rotation Is Happening
Several macro threads are feeding into today’s move. Gold futures surged above $4,500 an ounce, adding more than $1 trillion in market cap in a single day, as inflation expectations mounted alongside rising oil prices.
Inflation has now stayed above the Fed’s 2% target for 65 consecutive months, framing the broader rally across commodities as a signal that the US dollar is losing purchasing power in real time.
Labor market data added fuel to rate-cut expectations. Jobless claims came in at 206,000 against a forecast of 205,000, while ADP payrolls rose just 38,000 versus an expected 47,000.
Kobeissi called it a “double miss” that strengthens the case for a Fed rate cut, a dynamic historically supportive of risk assets including crypto, while pressuring Treasury yields and the dollar. Friday’s official jobs report remains the next major catalyst for markets.
ETF Flows Stay Positive for Bitcoin
Despite Bitcoin’s comparatively slower price action, institutional demand hasn’t dried up. According to Wu Blockchain, US spot Bitcoin ETFs pulled in $101 million in net inflows on September 2, led by BlackRock’s IBIT with $115 million. Spot Ether ETFs saw the opposite trend, posting $48.08 million in net outflows, even as BlackRock’s Staked ETH ETF attracted $52.91 million.
A Seasonal Wildcard
Analyst and trader Crypto Rover flagged a historical pattern worth watching. Bitcoin has just entered September, historically its weakest month, with an average return of -2.92%. October, by contrast, has been stronger, averaging +19.92% and posting gains in 10 of the last 13 years.
What It Means
Today’s move looks less like a broad Bitcoin-led rally and more like capital rotating into altcoins, Zcash, XRP, and BNB in particular, while Bitcoin consolidates near recent highs. With inflation running hot, gold surging, and labor data reinforcing rate-cut bets, the setup heading into Friday’s jobs report could determine whether this rotation extends or Bitcoin reclaims its usual leadership role.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
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Zcash price rebounded toward $847 on Sept. 3 after buyers defended the $780–$800 liquidity zone, but overbought momentum and heavy leverage leave ZEC exposed to another sharp swing.
Summary
Zcash price recovered nearly 4% on the daily chart after briefly falling toward $780. ZEC remains above its 20-, 50-, 100-, and 200-day moving averages. Daily RSI stands near 70, showing that the broader rally remains overextended. Liquidation clusters sit near $870–$890 above price and $780–$800 below it. Zcash price rebounds after testing $780 According to data from crypto.news, Zcash (ZEC) price traded near $847 at the time of writing, recovering from an intraday low around $804 and extending a rebound that began after buyers stepped in near $780. The daily candle showed a gain of roughly 3.8%, reversing part of the previous session’s decline.
The recovery follows a volatile pullback from the $880–$890 area. ZEC had climbed rapidly from approximately $500 in the second half of August, with the advance accelerating once it cleared the previous resistance zone near $600.
Profit-taking emerged after the price reached an eight-month high close to $890. ZEC subsequently fell toward $780 before stabilizing, leaving it in a broad consolidation range between approximately $780 and $890.
The wider move remains strong despite the recent turbulence. Zcash is trading well above its 20-day simple moving average at $728, the 50-day SMA at $592, the 100-day SMA at $531, and the 200-day SMA at $437.
Zcash price daily chart — Sep. 3 | Source: crypto.news Maintaining that alignment keeps the medium-term trend positive. However, the large distance between ZEC and its shorter moving averages also shows how quickly the rally became stretched.
Momentum remains overheated despite the recovery The daily relative strength index stood at 70.29, just above the conventional overbought threshold. Its signal line was higher at 75.79, suggesting that momentum has started cooling even as the price remains close to its recent peak.
A declining RSI against a relatively stable price can signal fading buying strength. Confirmation would require ZEC to form a lower high or lose an established support level, as an overbought reading alone does not guarantee a reversal.
The 4-hour chart presents a more balanced picture. ZEC recovered above the Bollinger Bands’ middle line at $836 after briefly trading closer to the lower band at $803. The upper band near $870 now forms the first short-term resistance.
Zcash price 4-hour chart — Sep. 3 | Source: crypto.news A 4-hour close above $870 would place the recent highs around $880–$890 back in focus. Breaking that area could allow ZEC to test $900, followed by the psychological $1,000 level mentioned by pseudonymous trader Altcoin Sherpa.
The trader said ZEC was in the “1k waiting room,” although its next move would remain closely tied to Bitcoin. According to the analyst, strength in Bitcoin could allow Zcash to outperform, while renewed weakness in the wider market would likely produce the opposite result.
$ZEC we're in the 1k waiting room and mostly dependent on bitcoin imo. bitcoin does well –> zec should outperform it and leg up and the opposite also goes as well. I still think its 1 of the few good coins this cycle you can buy and hold pic.twitter.com/3glsmJRgCf
— Altcoin Sherpa (@AltcoinSherpa) September 2, 2026 The Awesome Oscillator remained slightly negative at -5.18 on the 4-hour chart. While the latest bars suggest bearish pressure is easing, a move above zero would provide stronger evidence that short-term momentum has returned to buyers.
Liquidation clusters could amplify the next ZEC move CoinGlass’ one-week liquidation heatmap shows large concentrations of leveraged positions on both sides of the market. The nearest upside clusters appear around $870–$890, with additional liquidity extending toward $900.
Zcash liquidation heatmap | Source: CoinGlass A sustained move through $870 could force short sellers to close positions, adding market buy orders and potentially accelerating a retest of the recent peak. The brightest nearby concentration appears close to $890, making that zone a possible price magnet if buyers maintain control.
Downside liquidity is concentrated between $780 and $800. ZEC already approached that area during its latest sell-off, but the heatmap indicates that leveraged positions remain exposed around the same range.
Crypto market account DXT Tools said ZEC futures volume stood at $3.55 billion compared with $312 million in spot volume during an earlier snapshot. The account also placed open interest at $1.58 billion and estimated liquidation leverage at $174 million.
Those figures indicate that derivatives activity was much larger than spot buying at the time of the post. High leverage can magnify a breakout in either direction because forced closures add to existing buying or selling pressure.
The account identified $810–$815 as the first nearby liquidity band and $840–$850 as the next cluster. ZEC has since reclaimed both areas, shifting immediate attention toward the larger concentrations above $870.
Key Zcash price levels to watch The short-term bullish case depends on ZEC holding above the 4-hour Bollinger midpoint near $836. Continued support at that level would leave $870 as the first resistance, followed by $890 and $900.
A daily close above $890 would mark a breakout from the current consolidation and could open a path toward $950 and $1,000. Bulls would still need rising spot volume to support the move, as a rally driven mainly by leveraged futures would remain vulnerable to a reversal.
The bearish scenario begins with a loss of $836. Such a move would expose $810–$803, where the 4-hour lower Bollinger Band and recent intraday support converge.
A decisive break below $780 would invalidate the current range support and could trigger another round of long liquidations. The next major daily reference would then sit near the rising 20-day SMA at $728.
For US traders, the next ZEC move may also depend on broader risk appetite. Expectations for tighter Federal Reserve policy and volatility tied to US-Iran tensions have weighed on speculative assets, while higher oil and Treasury yields could keep pressure on high-beta cryptocurrencies. Against that backdrop, ZEC’s leverage-heavy structure leaves it particularly sensitive to sudden changes in Bitcoin and the wider market.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
The total crypto market cap jumped to $2.8 trillion, up 3.9% over the past 24 hours, as Bitcoin surged roughly 5% to break above $81,000, triggering a wave of short liquidations across the market.
Bitcoin Leads, But Altcoins Are Outrunning It
Bitcoin is trading at $80,958.93, up 5.6% on the day. Roughly $140 million in crypto shorts were liquidated within 60 minutes as BTC broke through the key $81,000 level.
But the bigger story today is how far altcoins are outpacing Bitcoin’s already strong move. Zcash is the standout, surging 17.7% in 24 hours and 20% over the week to trade at $943.48, with volume more than doubling to $750 million. XRP jumped 10% to $1.46, Solana climbed 6.3% to $104.63, Cardano rallied 12.7% to $0.2227, and Dogecoin gained 9.6% to $0.08981. BNB and Chainlink both rose more than 5.8%, while Hyperliquid added 4.4%.
Why Altcoins Are Catching Fire
Crypto trader Michaël van de Poppe pointed to a pattern now playing out in real time. When Bitcoin stalls within a range, momentum tends to rotate into altcoins, and the longer that range holds, the stronger altcoin outperformance tends to get. With Bitcoin now breaking decisively higher rather than stalling, that rotation appears to be accelerating rather than pausing.
Experts also pointed to broader altcoin market structure, arguing that the “OTHERS” category, altcoins excluding Bitcoin and Ethereum, is on the verge of breaking out of a large bullish pattern, calling it an early sign that the altseason is just getting started.
A Strong Close to the Summer
The rally caps what one market update described as crypto’s best month of 2026 so far. Bitcoin posted one of its strongest monthly performances of the year in August, while the combined market cap of the top 100 altcoins slightly outperformed it. However, the strength wasn’t confined to a handful of large-cap names, both average and median altcoin returns came in solidly positive for the month.
What It Means
With Bitcoin breaking key resistance, over $140 million in shorts wiped out, and altcoins like Zcash, XRP and Cardano posting double-digit gains, today’s move looks like a broad-based rally rather than a Bitcoin-only rebound. If the current rotation pattern continues, traders will be watching whether altcoins keep extending their lead into the historically stronger months ahead.
Story Ends Here
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
Zcash (CRYPTO: ZEC) could emerge as one of crypto’s biggest outperformers this cycle as an asymmetric bet on rising demand for financial privacy, according to widely-followed analyst Taiki Maeda.
Why Zcash?Maeda argues that Zcash’s similarities to Bitcoin (CRYPTO: BTC) combined with optional shielded transactions give it a potentially valuable niche.
Zcash has a maximum supply of 21 million tokens, four-year halving cycles and a proof-of-work mining system. Unlike BTC, however, users can choose between transparent and shielded addresses.
Maeda said on his podcast on Thursday that privacy represents one of Bitcoin’s biggest unresolved limitations and could eventually support Zcash becoming a secondary crypto store of value.
Trending
He sees the potential for ZEC to eventually reach 5% to 15% of BTC’s market valuation, compared with roughly 1% currently.
The trader said rising ZEC in Zcash’s shielded pool signals growing privacy adoption.
Maeda cited lower issuance, improving user experience and a strong holder base as adoption drivers.
How Is Zcash Attracting CapitalThe Zcash thesis rests partly on Taiki’s broader bullish crypto outlook.
He says Bitcoin may be entering the early stages of another bull market as investors revive the currency-debasement trade and capital rotates toward stronger crypto assets.
Maeda expects TradFi inflows to support Bitcoin, while crypto-native investors shift toward store-of-value assets or tokens that generate returns for holders.
Zcash belongs in the former category.
Trader Doubles Down After 60% CrashMaeda’s conviction comes despite suffering a significant loss in ZEC earlier this year.
He said he initially accumulated Zcash below $400 but sold after concerns surrounding a potential Orchard vulnerability sent the token down more than 60%.
After ZEC recovered toward pre-selloff levels, he rebuilt his position at higher prices, seeing the rebound as a sign of market confidence.
Maeda said he has since added both spot exposure and leveraged positions, while maintaining stop losses.
"I have put the majority of my net worth into this Zcash trade," he said.
Image: Shutterstock
Market News and Data brought to you by Benzinga APIs
Privacy coins are gaining a place in regulated investment markets even as direct access to their underlying assets becomes harder. Grayscale’s Zcash ETF now trades on NYSE Arca, while major centralized exchanges have reduced support for Monero and other privacy-focused cryptocurrencies. THORChain’s latest upgrade shows how decentralized infrastructure could help close that access gap.
Summary
Grayscale’s ZCSH gives US brokerage investors direct spot exposure to Zcash through NYSE Arca. Binance, OKX and Kraken have reduced Monero access amid growing regulatory pressure. THORChain v3.20 prepares the protocol for native Monero and Zcash swaps without wrapped tokens. THORChain later delayed the privacy-coin rollout while contributors focused on network stability. EU anti-money-laundering rules will restrict support for anonymity-enhancing coins from July 2027. Privacy is reaching Wall Street as exchange access shrinks Privacy in crypto is moving in two directions at once.
On one side, it is entering the financial mainstream. Grayscale’s Zcash ETF, ZCSH, began trading on NYSE Arca on Aug. 25. Grayscale described it as the first exchange-traded product to offer spot exposure to Zcash (ZEC).
The fund gives US investors a way to gain ZEC exposure through a regular brokerage account. They do not need to open a crypto exchange account, manage private keys, or hold the asset in a personal wallet.
On the other hand, directly buying, selling, and moving privacy coins has become more difficult in several markets. Centralized exchanges have removed assets or restricted access as regulators apply tighter anti-money-laundering standards.
The contradiction is hard to miss. Wall Street can now package exposure to a privacy-focused asset inside a regulated fund, while parts of the crypto market are becoming less willing or less able to support the underlying coins.
THORChain’s v3.20 upgrade matters within that divide. The release laid technical groundwork for native Monero (XMR) and Zcash swaps alongside assets such as Bitcoin (BTC), Ethereum (ETH) and stablecoins.
However, THORChain said after the upgrade that the Monero and Zcash rollout had been delayed while contributors focused on network stability. The protocol’s interface for supported cross-chain trades is available through its native swap platform, with XMR and ZEC access dependent on their final activation.
Monero delistings show the cost of centralized access Monero provides the clearest example of how a permissionless cryptocurrency can remain operational while becoming harder to reach.
Binance removed XMR in February 2024, while OKX also ended support for Monero trading pairs. Kraken later stopped XMR trading and deposits for customers in the European Economic Area, citing regulatory changes.
Those decisions did not shut down Monero. The blockchain continued processing transactions, and users could still send XMR between compatible wallets. What changed was access to the services that many people use to enter or leave the market.
Monero is private by default. Its design conceals the sender, receiver, and transaction amount. Supporters see those protections as the digital equivalent of the privacy available when paying with physical cash.
The same design creates problems for centralized exchanges responsible for customer checks, transaction monitoring, and anti-money-laundering controls. Exchanges may struggle to collect the information expected by regulators when transaction details are hidden at the protocol level.
Europe is making that conflict more direct. The European Union’s Anti-Money Laundering Regulation addresses crypto accounts that allow transactions to be anonymized or made harder to trace, including through “anonymity-enhancing coins.”
The regulation is scheduled to apply from July 2027. Its provisions will prevent crypto-asset service providers from maintaining anonymous accounts or accounts that allow transaction obfuscation through such assets.
The US has not introduced an identical nationwide prohibition on privacy-coin trading. Still, limited support from large exchanges means American users may face fewer options than holders of more widely listed assets. Grayscale’s ZCSH provides regulated price exposure to Zcash, but owning an ETF share is not the same as holding ZEC or using its privacy features on-chain.
THORChain targets the missing bridge between privacy coins and crypto A blockchain can remain permissionless at the protocol level while becoming difficult to use in practice.
Someone may still receive and send XMR through the Monero network. The larger problem appears when that person wants to move from XMR into Bitcoin, Ethereum, or a stablecoin without using a centralized service that supports both sides of the trade.
Native cross-chain liquidity offers another route. THORChain is designed to exchange assets across their original blockchains instead of requiring users to move wrapped representations onto a separate network.
Under the planned privacy-coin integrations, users would be able to move between native XMR or ZEC and supported crypto assets without first depositing their funds with a centralized exchange. They would not need to create an exchange account or surrender custody for the trade.
THORChain had already tested native Monero swaps before v3.20. As crypto.news reported in June, the protocol said XMR swaps were working from end to end in testing and that Zcash support would follow.
The delay announced after v3.20 shows that technical preparation does not guarantee immediate public availability. Cross-chain systems must manage separate networks, liquidity pools, and security risks, while privacy-focused assets can add further operational and regulatory questions.
THORChain said the delayed rollout would give contributors more time to prepare the Monero and Zcash integrations. Native swaps can reduce reliance on centralized intermediaries, although users must still consider liquidity, network, and implementation risks.
Zcash exposes the market’s privacy contradiction Zcash makes the split between regulated investment access and on-chain privacy even clearer.
Unlike Monero, Zcash allows users to choose between transparent and shielded transactions. According to the project’s documentation, transparent addresses expose transaction information publicly, while shielded addresses are designed to protect financial details.
Grayscale’s ETF does not give investors access to either transaction type. ZCSH holds ZEC to track the asset’s market value, while investors buy and sell fund shares through a securities exchange.
The product therefore brings the economics of a privacy coin into a regulated US investment structure without giving shareholders its underlying privacy functions. Grayscale’s earlier filings also indicated that the fund would use transparent custody rather than shielded addresses.
For investors, that distinction matters. ZCSH offers price exposure and brokerage convenience, not private payments or direct participation in the Zcash network.
The ETF’s arrival still represents a notable change in how traditional finance treats privacy-focused assets. Crypto.news previously reported that Grayscale’s conversion followed an SEC filing process that began in May. The launch placed ZEC beside other crypto assets available through regulated US exchange-traded products.
At the same time, exchange delistings show that regulatory acceptance is not uniform. Authorities and financial firms may permit a transparent investment vehicle tied to a privacy coin while remaining uncomfortable with direct access to its transaction features.
Decentralized access does not remove every trade-off THORChain’s planned XMR and ZEC support sits between those two markets.
Version 3.20 also restored support for Solana, Base, and BNB and introduced Protocol-Owned Liquidity and a Stable Reserve. Yet the privacy-coin integrations are more revealing because they address an access problem created outside the underlying blockchains.
Centralized exchanges offer customer support, fiat payment channels, and account protections that decentralized protocols may not provide. They also remain responsible for meeting the laws of every jurisdiction in which they operate.
Decentralized systems remove some of those intermediaries, but they place more responsibility on users. A person making a native swap must manage a compatible wallet, verify addresses, and understand that transactions may not be reversible. Liquidity and execution prices can also differ from those available on a large exchange.
Regulatory questions will remain even if the protocol itself does not require an account. Users are still responsible for following the laws, reporting rules, and tax requirements that apply in their country.
None of those limits change the central issue. A cryptocurrency is only partly accessible when its network remains online, but the main routes connecting it to the wider market disappear.
Privacy coins are now testing the meaning of permissionless finance. If regulated exchanges decide they cannot support certain assets, access will either continue to shrink or decentralized infrastructure will provide another path. THORChain is preparing to offer that path, although its Monero and Zcash swaps must first move from technical groundwork to a stable public rollout.
One address, unlimited one-time destinationsEvery time someone sends Monero ($XMR), the payment lands at an address the recipient never actually published. The result is that a single published address can collect unlimited payments without any two of them sharing a visible location on the blockchain.
Three keys make the system work. The public address is what a recipient shares. The private view key lets a wallet detect incoming transactions. The private spend key is what authorises funds to move.
This is why wallet syncing takes time: there is no shortcut lookup, only a full scan of every transaction on the network.
Third parties observing the blockchain see only one-time public keys, with no way to connect them to a known wallet or identity.
Sender privacy is also evolvingRecipient privacy through stealth addresses has been part of Monero since launch. Sender privacy has historically relied on ring signatures, a mechanism that hides each real spend among a small group of decoys.
That system is now being replaced.
The @monero project is working to apply this upgrade across the entire native output set, meaning older outputs will also benefit from the expanded anonymity pool.
Polygon (POL) faced significant market pressure as its price declined 7.6% today, trading at $0.0957 after the project’s network applied major security fixes. The selloff comes just days after Polygon patched multiple vulnerabilities through a series of hard forks aimed at improving overall stability.
Polygon’s Price Under Pressure After Security PatchDeveloped as a scaling solution for Ethereum, Polygon has emerged among the leading layer-2 networks in the crypto market. Despite recent security enhancements, the token remains caught in a downward trend, having lost over 27% in the last seven days.
Technical indicators show POL trading below its short-term moving averages, suggesting that bearish sentiment continues to weigh on the market. Analysts observed a price range between $0.0885 and $0.106, with a climb above $0.1005 considered necessary to trigger a broader recovery. If downward trends persist, the risk of further declines remains high as sellers maintain control.
CoinCurrent Price7-Day ChangeKey ResistanceSupport LevelPolygon (POL)$0.0957-27%$0.1005$0.0885Polygon has patched key vulnerabilities, yet selling pressure keeps the token under $0.10, fueling concerns of further short-term weakness.
Monero Advances on Infrastructure ImprovementsMonero (XMR), a privacy-focused cryptocurrency, has shown strong momentum as its price continues to rally through September. The recent infrastructure upgrade has sparked renewed buying activity, pushing the price toward the $520 to $527 resistance zone.
While traders track the rising price, the price momentum index stands at 80.92, a reading that often signals a potential pause or pullback in the near term if demand fades.
If buying continues, Monero could attempt to breach the $527 mark. However, overstretched momentum metrics suggest the rally may soon encounter resistance.
BlockDAG Opens Buyback Program with Enhanced BonusBlockDAG (BDAG), a recently established blockchain project, launched an aggressive buyback offer, activating its first $5 million buyback batch in the coming days. The initiative allows buyers to purchase BDAG at $0.00000007 and apply the “BUYBACK250” code to receive an additional 250% BDAG bonus along with priority access to the buyback program.
Participants who utilize the code increase their allocation and gain earlier entrance into Batch 1, where BDAG holders can later sell their tokens at the project’s announced $0.04 buyback price point.
With limited time before the buyback window opens, the promotion combines a large bonus, a low entry price, and a first-in-line advantage for buyers. BlockDAG describes the current offer as a unique opportunity for those aiming to secure a position in what it calls one of today’s fastest-growing cryptocurrency projects.
BlockDAG is a blockchain network leveraging Directed Acyclic Graph (DAG) architecture to enhance scalability and transaction speeds beyond traditional blockchain structures.
Mini dictionary: Directed Acyclic Graph (DAG), a network structure that allows parallel processing of transactions and blocks, increasing throughput on blockchain platforms and enabling more efficient scaling compared to linear blockchains.
This strategic move has captured traders’ attention, with priority access and bonus offerings positioning BDAG as a notable contender in the evolving cryptocurrency landscape.
Most proof-of-stake blockchains demand that validators lock up their tokens as collateral. @Algorand takes a different approach, one where the native token never leaves the holder's wallet.
How the selection process works The mechanism behind this is a cryptographic lottery run on every block.
This privacy is a deliberate security feature:
Rather than leaning on financial penalties to enforce good behaviour,
Rewards, thresholds, and options for smaller holders
Nearly four out of every five dollars of USDT0 sitting in DeFi protocols live inside Aave V3. The lending giant controls 78.6% of the roughly $872.7 million in USDT0 deposits across decentralized finance, a concentration of stablecoin liquidity that would make most traditional banks jealous.
That number becomes even more striking when you zoom out. Aave V3’s share of the combined USDT and USDT0 total value locked sits at approximately 62.8% of $6.1B across 29 protocols, translating to about $3.83B in stablecoin deposits under its roof.
The numbers behind the surge Over a roughly 90-day stretch leading into late July 2026, net USDT deposits on Aave V3’s Core market jumped by $526 million. That pushed holdings from $1.93B to approximately $3.03B, a 57% increase in about three months.
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Utilization rates on the platform frequently exceed 90%. Those sky-high utilization rates have forced Aave’s governance to keep pace. The protocol’s community passed several votes to raise supply caps, including a June 2026 increase that pushed the ceiling to $3.48B.
USDT0 and the cross-chain factor USDT0 itself deserves some explanation. Launched in early 2025, it’s essentially Tether’s omnichain version of USDT, designed to move seamlessly across multiple blockchains using LayerZero technology and a burn-and-mint mechanism. Since going live, USDT0 has facilitated over $85B to $100B in cross-chain volume.
Its presence on various Aave markets, including deployments on networks like Plasma, has made it a natural fit for the protocol’s multi-chain strategy.
What this means for DeFi lending For competing lending protocols, the challenge is significant. When one platform controls nearly 63% of all USDT and USDT0 TVL across 29 protocols, the remaining 28 are splitting roughly $2.27B among themselves.
The borrowing activity underpinning these numbers also reveals something about broader market sentiment. High stablecoin utilization rates typically indicate active leverage in the system, with traders borrowing stablecoins to deploy into volatile assets or to fund yield strategies elsewhere.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Curve DAO just handed the keys to its risk management operation to a team of two people. yRisk, a small automation-first outfit, has been formally appointed as the new risk assessment and market monitoring provider for both crvUSD mint markets and Llamalend isolated markets.
The preference vote wasn’t even close. 536.9 million CRV tokens backed yRisk in what amounted to a unanimous endorsement from Curve’s governance participants. A binding funding vote followed, closing around September 2, 2026, to finalize the mandate.
Out with LlamaRisk, in with yRisk The transition comes after LlamaRisk, Curve’s primary external risk provider since 2021, wrapped up its mandate on June 30, 2026. LlamaRisk returned unvested crvUSD to the Curve treasury upon departure and has since shifted its focus exclusively to Aave.
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yRisk’s scope covers a wide mandate: collateral evaluations, parameter monitoring, alerts during periods of market stress, and biannual public health updates on the protocol’s lending markets.
Why the timing matters: Llamalend v2 This isn’t just a routine vendor swap. Curve is in the middle of a significant infrastructure upgrade with the launch of Llamalend v2, which went live on Optimism in June 2026 with a 250,000 OP grant to support its rollout.
Llamalend v2 allows for more flexible combinations of collateral and borrowing assets, expanding pairings beyond crvUSD. Every new collateral-borrowing pair needs governance-approved parameters, stress testing, and ongoing oversight.
The older v1 markets are being phased out as v2 rolls forward.
crvUSD holding its ground crvUSD has maintained its peg between $0.997 and $1.000 through recent market volatility. Holdings of scrvUSD, the staked version of the stablecoin, have also increased significantly, acting as a stability buffer for the broader system.
What this means for Curve’s competitive position LlamaRisk’s departure to focus solely on Aave reveals how the risk management market in DeFi is maturing, with providers specializing and choosing protocols that align with their methodologies. Aave retained LlamaRisk. Morpho has its own risk framework. Curve chose a two-person team while its competitors scale up their risk operations.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A two-month-old Layer 2 built by a stock brokerage is now processing more daily decentralized exchange volume than chains that have existed for years, and the market is only beginning to pay attention.
Summary
Robinhood Chain recorded roughly $945 million in daily decentralized exchange volume on Aug. 25, 2026, a new all-time high for the network and nearly double its previous record of $563 million set on July 8. The chain, which launched its public mainnet on July 1, has processed more than $47 billion in cumulative DEX volume in under two months, placing it fifth among all chains by 30-day volume at $15 billion. Uniswap serves as the dominant trading venue on the chain, and cumulative tokenized stock volume through Uniswap surpassed $1 billion by Aug. 21. Total value locked on Robinhood Chain surged from $4 million in June to roughly $1.4 billion by late August, a trajectory that no Ethereum Layer 2 has matched at this stage of its lifecycle. The 90-day gas subsidy that covers transaction fees through the end of September 2026 raises a central question: whether volume holds once users start paying for their own trades. Robinhood Chain processed roughly $945 million in decentralized exchange volume on Aug. 25, 2026. On the same day, the network handled 5.5 million transactions, tokenized stock volume hit a record $85 million, and a leveraged perpetual token product called pTokens went live on Arcus, the dYdX-built DEX backed by Robinhood Crypto. By any standard metric for a new blockchain, the day was historic.
Crypto Twitter, for its part, was busy arguing about memecoins and parsing Federal Reserve minutes. The chain that a publicly traded brokerage had quietly built into one of the most active networks in all of decentralized finance received roughly the same attention as a midcap altcoin listing on a second-tier exchange.
That disconnect between activity and attention says something about how the market prices narratives over infrastructure. Robinhood Chain is not a new token to trade. It does not have a native coin to speculate on. It is not the product of a pseudonymous team or a viral whitepaper. It is a piece of financial plumbing, built by a company that most of crypto still views with suspicion from the GameStop saga, and it is processing more daily volume than networks that raised hundreds of millions of dollars in venture capital.
The question is no longer whether Robinhood Chain can generate activity. It already has. The question is whether the activity is real, whether it lasts, and whether it changes anything about how traditional finance and decentralized finance relate to each other.
How Robinhood built a top-five chain in 56 days Robinhood Chain is an Ethereum Layer 2 built on Arbitrum Orbit, the chains-as-a-service framework that runs on the Nitro stack. It settles directly to Ethereum and uses Ethereum blobs for data availability. Block times run at 100 milliseconds, faster than Arbitrum One at 250 milliseconds and Monad at 300 milliseconds. The gas token is ETH.
The mainnet went live on July 1 at Robinhood’s “The World is Flat” keynote at the Old Royal Naval College in London. Within eight days, Uniswap swap volume on the chain had reached $500 million. By July 11, the chain was processing 7.6 million daily transactions and had recorded $3.1 billion in DEX volume in its first week alone.
By the end of July, Robinhood Chain had topped Ethereum in 24-hour application revenue. It had briefly surpassed Base in daily active users, logging 324,000 wallets against Base’s 275,000 on July 21. And it had placed itself in the top five chains globally by 30-day DEX volume, sitting behind Solana, BNB Chain, Ethereum, and Base with roughly $15 billion in monthly throughput.
For context, Arbitrum One’s 30-day DEX volume during the same period was roughly one-quarter of that figure. Robinhood Chain, using the same underlying technology, was running four times the volume of the chain it forked from.
The volume breakdown: what is actually trading The Aug. 25 record was not driven by a single asset class. Three distinct categories of activity converged on the same day.
The first was memecoin speculation. Pons, a token launched through the chain’s launchpad ecosystem, accounted for roughly half of all DEX volume at its peak. CASHCAT, Robinhood Chain’s first breakout memecoin, had previously hit a $156 million market cap before Pons overtook it in late July. On Aug. 30, Pons alone contributed $445 million of the chain’s $874.8 million in volume that day, demonstrating the degree to which a single venue can dominate chain-level metrics.
The second was tokenized equities. Robinhood launched Stock Tokens as a flagship product at mainnet, offering ERC-20 representations of stocks like NVIDIA, Apple, GameStop, and SpaceX that trade around the clock in more than 120 countries. These tokens give holders economic exposure to the underlying stock rather than legal ownership of shares. By Aug. 21, cumulative tokenized stock volume through Uniswap had surpassed $1 billion. A tokenized Nasdaq-100 tracker called QQQB drove 288 percent of July’s tokenized equity volume, suggesting heavy concentration in index products.
The third was leveraged derivatives. Arcus launched pTokens on Aug. 25, wrapping leveraged perpetual accounts into transferable ERC-20 tokens including pBTC3x and pHOOD3x. The platform also began accepting tokenized stock collateral at a 50 percent loan-to-value ratio, creating a direct bridge between equity exposure and leveraged crypto trading that has no equivalent on any other chain.
The timing of the Aug. 25 spike also mattered. Bitcoin had rallied sharply since Aug. 17 on what Bloomberg called a record $2.7 billion wave of short liquidations, the largest since records began in 2021. A White House crypto meeting and a U.S. Treasury move to double long-dated bond buybacks added fuel. Bitcoin reached near $81,500 and Ether gained nearly 29 percent in a single week. That macro tailwind lifted activity across every chain, but Robinhood Chain captured a disproportionate share because its zero-fee environment made it the path of least resistance for traders looking to rotate quickly between assets.
The stablecoin layer underneath the trading activity tells its own story. Stablecoin market capitalization on Robinhood Chain reached $640 million by late August, with USDe from Ethena accounting for the bulk of inflows. Robinhood Earn, a decentralized lending product launched alongside the mainnet, offers an estimated 7 percent yield on USDG, the stablecoin developed in partnership with Paxos. The yield product serves as an anchor for capital that might otherwise leave the chain between trading sessions, giving the ecosystem a retention mechanism that pure trading chains typically lack.
The infrastructure advantage Robinhood brought to the table Most Layer 2 networks launch with a technical thesis and then spend months or years trying to attract users. Robinhood reversed the sequence. The company brought 27 million funded brokerage accounts, an existing mobile wallet, a compliance infrastructure built over a decade of regulatory engagement, and a brand that, whatever crypto natives think of it, is synonymous with retail trading for an entire generation of investors.
CEO Vlad Tenev framed the ambition in a recent interview: “Crypto is becoming the infrastructure that powers financial markets.” On Aug. 7, he described Robinhood Chain as the fastest-growing chain in history, noting that it reached 100 million cumulative transactions faster than any other network. Bitmine Chairman Tom Lee separately called the launch “one of the biggest crypto success stories” of 2026.
The revenue model also differs from most Layer 2 networks. Under the Arbitrum Expansion Program, 8 percent of chain revenue goes to a treasury controlled by governance token holders and 2 percent funds a developer guild. Robinhood keeps the rest. In July alone, the chain generated roughly $3.6 million in transaction fees, making it the top revenue-producing Layer 2 across the entire Ethereum ecosystem at 38 percent of the estimated $6.3 million in total L2 fees collected that month.
The company’s Q2 2026 earnings, reported on July 29, showed total revenue of $1.31 billion, beating Wall Street estimates. Net income rose 48 percent year over year to $573 million. Robinhood is not a startup hoping its chain will subsidize losses. It is a profitable company with a stock trading above $100 that can afford to invest in chain infrastructure without needing the chain itself to be immediately profitable.
The gas subsidy question The single most important variable in Robinhood Chain’s near-term trajectory is the 90-day gas fee subsidy that covers all transaction costs through the Robinhood Wallet. The promotional period, which began at mainnet launch on July 1, runs through approximately Sept. 29, 2026.
In mid-August, Robinhood reduced the subsidy threshold from $5 per transaction to $0.50, a 90 percent cut that suggests the company is already tapering the benefit rather than cutting it off all at once. The move signals a gradual transition rather than a cliff.
But the subsidy has clearly inflated activity metrics. When transactions cost nothing, the friction that normally separates casual browsing from actual trading disappears. The 16,000 new tokens created daily at peak memecoin activity in July were possible in part because launching a token was free. The 5.5 million daily transactions on Aug. 25 included activity that would not have occurred at even minimal gas costs.
The precedent from other chains is mixed. Base launched with heavily subsidized gas and retained strong activity after costs normalized, in part because Coinbase’s distribution kept funneling users to the network. Blast, by contrast, saw activity crater after its incentive programs wound down. The question for Robinhood Chain is whether the brokerage’s 27 million accounts provide a durable demand floor that subsidies merely accelerated, or whether the subsidy itself created demand that will not survive its removal.
There is a middle scenario that the binary framing obscures. Volume could fall significantly from the Aug. 25 peak and still leave Robinhood Chain as a top-ten chain by DEX activity. A 60 percent drop from $945 million would still produce roughly $380 million in daily volume, which would place it ahead of most Layer 2 networks even without subsidies. The relevant question is not whether volume declines after the subsidy ends, because it almost certainly will, but whether the floor is high enough to sustain the ecosystem’s economic model.
The corporate chain land grab Robinhood Chain did not launch into a vacuum. It entered a market where every major financial technology company appears to be building its own chain. Coinbase has Base. Stripe acquired Bridge and is building payment infrastructure on it. Circle launched a new standard for stablecoin interoperability. Robinhood followed with its own Arbitrum-based rollup.
The pattern is clear: consumer fintech companies have concluded that owning the execution layer is more valuable than renting space on someone else’s chain. The economics are straightforward. A chain operator captures sequencer revenue, controls the fee schedule, and can subsidize specific types of activity to drive adoption. A tenant on another chain pays whatever fees the market demands and has no control over the user experience at the infrastructure level.
The comparison to Base is instructive. Base launched in August 2023 and has had three years to build its ecosystem. Its total value locked stands at roughly $5.47 billion as of late August 2026, compared to Robinhood Chain’s roughly $1.4 billion. Base processes more daily transactions on average. But Robinhood Chain closed the gap on several metrics in weeks rather than years, briefly surpassing Base in daily active users and consistently ranking within striking distance on DEX volume.
The difference is maturity versus momentum. Base has accumulated three years of liquidity, developer tooling, and protocol deployments. Robinhood Chain has a brokerage with 27 million accounts and a product, tokenized equities, that no other chain offers at the same scale.
The DEX-to-CEX ratio and what it means Robinhood Chain’s volume spike arrived during a broader structural shift in crypto trading. In July 2026, decentralized exchanges handled spot volume equal to 24.14 percent of centralized exchange volume, the highest ratio since The Block began tracking the metric in 2019. The ratio has roughly tripled in under three years, rising from below 10 percent for most of 2024 to its current level.
The irony is that the shift is being driven in part by centralized companies. Robinhood, a centralized brokerage, is routing volume through a decentralized exchange layer. Coinbase, a centralized exchange, is doing the same through Base. The line between centralized and decentralized finance is blurring in ways that do not fit neatly into the narratives that either side prefers.
For Robinhood specifically, the chain creates a flywheel that its centralized app cannot replicate. Stock Tokens traded on Uniswap generate fees that flow back to the Robinhood Chain ecosystem. Users who start with tokenized equities discover memecoin trading, lending protocols, and leveraged products. The chain becomes a surface area for financial experimentation that a regulated brokerage app cannot legally offer through its primary interface.
This is the strategic logic that the market has largely missed. Robinhood Chain is not a marketing exercise. It is a mechanism for Robinhood to offer products and services that its regulated brokerage cannot provide directly, while still capturing economic value from the activity.
The concentration risk The bull case for Robinhood Chain is compelling, but the data also reveals structural vulnerabilities that the headline volume numbers obscure.
On Aug. 30, a single protocol, Pons, generated 51 percent of the chain’s $874.8 million in daily volume. When one venue does half of all throughput, the chain’s activity metrics become a proxy for that venue’s performance rather than a measure of ecosystem health. If Pons loses momentum, the chain’s volume numbers could drop by half overnight without any change to the underlying infrastructure.
The tokenized equity market, while growing, remains concentrated as well. QQQB, a single Nasdaq-100 tracker, drove the majority of July’s tokenized stock volume. A dozen stocks clear at least $500,000 in daily volume, but the breadth of adoption is still narrow relative to the potential market.
Total value locked tells a similar story. Robinhood Chain’s TVL has surged to $1.4 billion, but this remains roughly one-quarter of Base’s $5.47 billion. The chain’s TVL-to-volume ratio is unusually high, meaning it generates more trading activity per dollar locked than most chains. That can be read as capital efficiency or as evidence that volume is being amplified by zero-cost transactions and speculative turnover rather than deep, sticky liquidity.
Stock Tokens also remain unavailable to U.S. residents, which excludes the majority of Robinhood’s 27 million funded accounts from the chain’s flagship product. The addressable market for tokenized equities is currently limited to users outside the United States, a significant constraint on growth.
The reflexive fee structure on Pons adds another layer of fragility. Eighty percent of the protocol’s fees fund automated token buybacks and burns. By Aug. 29, 29 percent of the original one billion token supply had been retired. That mechanism creates a self-reinforcing loop in rising markets: higher volume generates more fees, which fund more burns, which reduce supply, which pushes prices higher, which attracts more volume. In falling markets, the same loop works in reverse. Volume drops, burns slow, the supply compression narrative weakens, and traders move to the next opportunity. Chains built on reflexive tokenomics tend to experience sharp drawdowns when sentiment shifts.
What Robinhood Chain means for Ethereum Robinhood Chain settles to Ethereum. Every transaction on the chain ultimately posts data to the Ethereum mainnet through blobs. This means that Robinhood Chain’s activity, all $47 billion of it, contributes to Ethereum’s security budget and reinforces the network’s role as a settlement layer.
For Ethereum, the emergence of corporate-backed Layer 2 networks is a double-edged development. On one side, chains like Robinhood and Base bring millions of users into the Ethereum ecosystem who would never interact with the mainnet directly. They generate blob fees, consume blockspace, and create economic gravity around ETH as a gas token.
On the other side, these chains capture most of the value at the execution layer. Robinhood keeps the bulk of sequencer revenue, sharing only 10 percent with the Arbitrum ecosystem. The users on Robinhood Chain may never know or care that Ethereum exists underneath. The settlement layer becomes invisible infrastructure, essential but unrewarded relative to the activity it supports.
This dynamic is already visible in the fee data. Robinhood Chain surpassed both Ethereum and Base in 24-hour application revenue on Aug. 31, recording $2.66 million. The chain built on Ethereum is generating more application-level revenue than Ethereum itself on certain days.
The tension between Layer 2 growth and Layer 1 value capture is not unique to Robinhood Chain, but the scale makes it unusually visible. Ethereum’s blob fee revenue from all Layer 2 networks remains a small fraction of what those networks generate in sequencer revenue. The argument that Layer 2 activity is inherently good for Ethereum depends on the assumption that demand for blob space will eventually drive meaningful fee revenue back to the mainnet. At current utilization levels, that assumption remains unproven. Robinhood Chain’s success makes the question more urgent without answering it.
The September test The gas subsidy expires at the end of September. Between now and then, several developments will clarify whether Robinhood Chain’s trajectory is sustainable.
Arcus is expanding its leveraged product suite, adding new pToken pairs and increasing collateral types. If leveraged trading generates durable volume independent of the gas subsidy, it would suggest that the chain has found a product-market fit that goes beyond free transactions.
The DTCC is scheduled to launch tokenized securities infrastructure in October, which could either validate or undermine Robinhood’s first-mover advantage in tokenized equities. If institutional players enter the market with competing infrastructure, the value proposition of Stock Tokens may shift.
And Robinhood itself will face a decision about whether to extend, modify, or eliminate the gas subsidy. The company’s financial position gives it the flexibility to continue subsidizing transactions if it believes the long-term economics justify the cost. With $573 million in quarterly net income, a few million dollars in gas subsidies is a rounding error on the income statement.
What to watch Daily DEX volume after the gas subsidy expires on Sept. 29: a drop below $200 million would signal that free transactions, not organic demand, drove the majority of activity. Tokenized equity volume breadth: whether trading expands beyond QQQB and a handful of large-cap stocks to include a wider range of securities and index products. Protocol diversity: whether the chain develops multiple high-volume venues or remains dependent on one or two protocols for the majority of throughput. U.S. regulatory clarity on Stock Tokens: any indication that tokenized equities could become available to U.S. residents would dramatically expand the addressable market. TVL retention through Q4 2026: whether the $1.4 billion in locked value stays on the chain as incentives taper or migrates to competing networks. What is Robinhood Chain? Robinhood Chain is an Ethereum Layer 2 blockchain built on Arbitrum Orbit technology. It launched its public mainnet on July 1, 2026, and uses ETH as its native gas token. The chain settles directly to Ethereum and features 100-millisecond block times. Its flagship products include tokenized Stock Tokens, decentralized exchange trading through Uniswap, and lending through protocols like Morpho.
How much DEX volume does Robinhood Chain process? On Aug. 25, 2026, Robinhood Chain recorded roughly $945 million in daily decentralized exchange volume, a new all-time high. The chain has processed more than $47 billion in cumulative DEX volume since launching on July 1. Its 30-day volume of approximately $15 billion places it fifth among all blockchain networks, behind Solana, BNB Chain, Ethereum, and Base.
What are Stock Tokens on Robinhood Chain? Stock Tokens are ERC-20 tokens that track the price of publicly traded equities like NVIDIA, Apple, GameStop, and SpaceX. They give holders economic exposure to the underlying stock rather than legal ownership of shares. Stock Tokens trade around the clock in more than 120 countries through decentralized exchanges like Uniswap on Robinhood Chain. They are currently unavailable to U.S. residents.
Is there a Robinhood Chain token? No. Robinhood has not issued a native governance or utility token for Robinhood Chain. The network uses ETH for gas fees. While several community-created tokens like CASHCAT and PONS trade on the chain, none of these are officially affiliated with Robinhood.
How does Robinhood Chain compare to Base? Base, built by Coinbase, launched in August 2023 and has roughly $5.47 billion in total value locked compared to Robinhood Chain’s $1.4 billion. Base processes more daily transactions on average and has a more mature ecosystem of developer tools and protocols. However, Robinhood Chain closed the gap on several metrics within weeks, briefly surpassing Base in daily active users and ranking within striking distance on daily DEX volume.
What is the gas subsidy on Robinhood Chain? Robinhood covers transaction fees for users trading through the Robinhood Wallet on Robinhood Chain. This 90-day promotional period began at mainnet launch on July 1 and runs through approximately Sept. 29, 2026. In mid-August, Robinhood reduced the subsidy threshold from $5 to $0.50 per transaction, signaling a gradual taper rather than an abrupt cutoff.
Who can use Robinhood Chain? Robinhood Chain is a permissionless Ethereum Layer 2, meaning anyone with a compatible wallet can interact with it. However, the tokenized Stock Tokens product is available in more than 120 countries but is not available to U.S. residents. Other DeFi products on the chain, including decentralized exchange trading and lending, are accessible to users globally through wallets like Robinhood Wallet, MetaMask, and others.
How does Robinhood make money from the chain? Robinhood captures sequencer revenue from transactions processed on the chain. Under the Arbitrum Expansion Program, 8 percent of chain revenue goes to a treasury controlled by Arbitrum governance token holders and 2 percent funds a developer guild. Robinhood retains the remaining 90 percent. In July 2026, the chain generated roughly $3.6 million in transaction fees, making it the top revenue-producing Layer 2 in the Ethereum ecosystem.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before making investment decisions. Information is accurate as of Aug. 31, 2026.
Uniswap (UNI) is down 2% on Thursday, facing fresh selling pressure near the $6.00 mark after a steady recovery of over 80% in more than two weeks. Retail speculation is beginning to fade, with UNI futures Open Interest down 12% over the last 24 hours and a long positional wipeout of more than $2 million. The technical outlook for PI suggests a downside bias as momentum stretches thin.
Retail demand is losing strengthUniswap is losing its retail strength after a steady recovery over the last 15 days, driven by strong on-chain performance. Uniswap processed another around $2 billion in Robinhood Stock Token volume in the last 2 weeks, while swaps reached a record high of 40 million last week.
CoinGlass data shows UNI Open Interest (OI) is down 12% to $480.85 million over the last 24 hours, suggesting a positional wipeout or a reduction in notional value due to the decline in the spot price. Total liquidation of $2.85 million, led by $2.15 million in long liquidation, reaffirms the unwinding of bullish positions.
Still, the OI-weighted funding rate of 0.0094% suggests that traders are inclined to take long positions at a premium despite the higher risk of liquidation, in hopes of an extended recovery.
Uniswap derivatives data. Source: CoinGlassTechnical outlook: Will UNI rally extend above $6?Uniswap trades around $5.73 at press time on Thursday, as price remains capped below the $6.00 threshold. Still, UNI maintains a bullish bias after a steady upward trend since August 15 and recording an annual high of $6.38 the previous day.
Uniswap holds well above the 50-day Exponential Moving Average (EMA) at $4.15, which crosses above the 200-day EMA at $3.98, marking a Golden Cross patten, which supports the uptrend and signals bullish trend reversal.
From a technical perspective, a confirmed breakout above the R1 Pivot Point at $6.09 could target the overhead R2 and R2 Pivot levels at $6.95 and $8.41, respectively. Momentum remains constructive on the daily chart, with the Moving Average Convergence Divergence (MACD) holding above its signal line, while the Relative Strength Index (RSI) at 74 flags overbought conditions.
UNI/USDT daily price chart.On the downside, initial technical support is seen at the recent breakout area around the broken resistance trendline near $4.74, followed by the 50-day EMA at $4.15 where dip-buying interest could re-emerge if a pullback develops.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Barely two months after Robinhood Chain went live, a new class of DeFi strategies is emerging around Uniswap v4’s hook system, and the target market isn’t memecoins or stablecoins. It’s tokenized versions of Apple, Nvidia, and other blue-chip equities trading as ERC-20 tokens around the clock.
The Ethereum-compatible Layer 2 network launched on July 1, and Uniswap deployed its full protocol suite, including v2, v3, v4, and UniswapX, on the same day. Since then, cumulative trading volume for tokenized stocks on Uniswap has surpassed $1 billion, with daily peaks crossing $130 million shortly after launch.
How v4 hooks are reshaping liquidity provision Uniswap v4 introduced a feature called “hooks,” which are essentially programmable modules that execute custom logic at key points during a swap. They can adjust fees dynamically, enforce anti-snipe protections, or trigger entirely new behaviors without requiring separate smart contracts or trusted third parties.
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On Robinhood Chain, these hooks have become the foundation for a fresh wave of liquidity strategies. Projects like Uniliquid and Hookify are building tools that leverage hooks to give liquidity providers more control over how their capital is deployed and protected.
A pool trading tokenized AAPL stock, for instance, could increase fees during periods of high volatility or cap the size of trades that execute in the same block as a liquidity deposit, reducing the impact of sandwich attacks. All of this logic runs on-chain, eliminating reliance on off-chain oracles or centralized intermediaries to enforce the rules.
Uniswap’s dominance on Robinhood Chain Uniswap v4 alone accounts for roughly 73% of all DEX liquidity tied to tokenized stocks on Robinhood Chain. When you add in v2, v3, and UniswapX volumes, Uniswap’s total market share climbs to approximately 99%.
Tokenized representations of major US equities like AAPL and NVDA are trading as standard ERC-20 tokens, meaning they can be composed with the rest of the DeFi stack. Users can supply them as liquidity, borrow against them, or bundle them into on-chain index products, all without waiting for the NYSE to open.
The 24/7 equity market is getting real A tokenized equity pool on Uniswap v4 can generate fees at 3 AM on a Sunday, and hooks can adjust those fees based on how thin the order book gets during off-peak hours.
Independent developers, not Robinhood or Uniswap Labs, are the ones building most of these hook-based strategies. The fact that those applications now involve tokenized versions of the world’s most-traded stocks, rather than obscure governance tokens, signals a shift in what DeFi is actually being used for.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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Uniswap founder Hayden Adams has argued that correlated tokenized-asset pools could move automated market makers into global finance after 10 stock-SPY pools processed $33 million in 12 days.
Summary
Ten tokenized stock pools against SPY recorded $33 million in volume from over 11,000 traders. Uniswap has processed more than $4.6 trillion since its launch in 2018. Adams says correlated assets can reduce inventory risk and lower market-making costs. U.S. regulators are considering rules for continuous trading and blockchain-based securities records. Uniswap founder Hayden Adams, in an Aug. 18 blog post, said tokenization could change which trading pairs attract liquidity and who supplies the capital behind them.
Adams has spent nine years working in decentralized finance and created Uniswap in 2018. The protocol has operated through smart contracts since its launch and has processed more than $4.6 trillion in cumulative volume, according to his post.
During the same period, decentralized exchanges increased their share of centralized-exchange spot volume from below 1% to more than 20%, Adams said. He attributed part of that expansion to automated market makers opening markets for assets that could not attract professional trading firms.
Correlated pairs could reduce market-making risk Unlike an order-book exchange, an automated market maker lets users place two assets into a shared pool. Traders swap against the pool, prices change according to its programmed rules, and liquidity providers collect part of the trading fees.
Adams said AMMs first found demand among small and less-traded tokens because issuers and early holders could create a pool without hiring a professional market maker. Stablecoin pools followed because assets such as USDC and USDT usually move closely together, limiting the inventory changes faced by passive liquidity providers.
According to Adams, onchain markets have since organized into clusters without a central party deciding their structure. Ethereum-based tokens commonly trade against ETH, Solana assets trade against SOL, and stablecoins form pools with other stablecoins.
“No one designed that. It emerged organically,” Adams wrote.
His argument rests on the relationship between the two assets in a liquidity pool. When their prices move in similar directions, liquidity providers face less risk from holding both sides of the pair. Adams said lower inventory risk can attract more capital, deepen liquidity, and reduce the performance advantage enjoyed by active trading firms.
Traditional market makers usually hedge price exposure through options or other instruments, which adds costs. Investors who already want to own both assets may not need the same hedge, allowing them to accept lower returns while continuing to provide liquidity, according to Adams.
Tokenized SPY pools create a bridge to individual stocks Tokenized securities can allow stocks and funds to trade directly against each other on a shared blockchain rather than requiring every transaction to settle against dollars.
Using Nvidia as an example, Adams said an NVDA-SPY pool could replace part of the activity normally routed through NVDA-USD. SPY would then connect the stock pool to dollars through a separate SPY-USD market.
Under that model, the individual stock and the index fund would form the correlated pair, while SPY-USD would act as a bridge. Passive liquidity providers could serve pools holding related assets, while professional firms compete in the smaller number of bridge markets that carry concentrated trading volume.
Automatic routing would still let an investor enter or leave a position in dollars. The trade could move through more than one pool in the background without requiring the user to exchange each asset manually.
Adams pointed to 10 tokenized stocks trading against tokenized SPY through Uniswap pools on Robinhood Chain. During their first 12 days, the pools handled $33 million in volume from more than 11,000 traders, with part of the activity occurring while U.S. stock exchanges were closed.
Some transactions moved directly from one tokenized stock to another without using dollars, he added. Adams presented the activity as an early example of related assets forming direct markets once they share the same settlement network.
More unusual pools have also appeared. According to his post, some memecoins have been paired with stocks linked by a common theme, including Elon Musk-themed tokens against Tesla and hot dog-themed tokens against Costco. Adams cautioned that the price correlation in such pools remains uncertain.
Uniswap v4 expands how liquidity pools operate Technical changes to Uniswap could determine whether passive pools can compete in markets that require more complex trading rules.
Uniswap v4 introduced hooks, which allow developers to add custom functions to a pool. Adams cited DualPool, a hook designed to place unused liquidity into lending markets between swaps, as one way to improve returns for liquidity providers.
Permissioned pools provide another route for tokenized assets that must enforce eligibility or transfer controls. Under such a structure, programmed checks can limit who trades a regulated asset while the pool continues to use an AMM for execution.
In July, Uniswap governance expanded its fee system to v4 pools across Ethereum, Arbitrum, Base, BNB Chain, Polygon, OP Mainnet, and Robinhood Chain. As crypto.news previously reported, the change raised daily protocol revenue from about $114,000 to $325,000.
The report found that Uniswap processed $27.6 billion in April 2026 volume and generated an estimated $845 million in annual fees across its versions and networks. Roughly one-sixth of those fees were being captured by the protocol through TokenJar contracts used for UNI purchases and burns.
Adams said correlated pairs represent only one part of the AMM model. Pool design, capital costs, and the ability to handle regulated assets will also affect whether automated liquidity can compete with firms that operate proprietary trading, hedging, and settlement systems.
U.S. rules will determine access to tokenized stocks For American investors, a token that follows a stock price does not always provide direct ownership of the underlying share. The U.S. Securities and Exchange Commission said in January that tokenized securities can be issued by the company itself or created by an unrelated third party, with different legal structures attached to each model.
Issuer-backed tokens may update the company’s official shareholder record when the blockchain asset moves. A third-party token could instead provide an indirect claim, a custodial interest, or economic exposure that does not make its holder a registered shareholder.
The distinction affects voting rights, dividends, corporate actions, and claims during insolvency. In August, the SEC began preparing a limited route for 24/7 tokenized trading, although the commission has not finalized eligibility standards or an implementation date.
Nasdaq received SEC approval in March 2026 for a pilot covering eligible Russell 1000 shares and major index-linked exchange-traded funds. Under its approved structure, the tokenized and conventional forms carry the same rights and pricing within the national market system.
Ownership infrastructure remains another part of the U.S. regulatory work. In September, the SEC proposed a transfer-agent rule overhaul covering digital records, cybersecurity, business continuity, and the protection of investor assets.
Transfer agents maintain the official list of security owners and process changes involving dividends, stock splits, and other corporate actions. The SEC said firms are developing blockchain-based ownership systems, tokenized fund services and smart-contract processes, but described its proposal as technology-neutral.
Traditional market operators are also building systems for onchain securities. Intercontinental Exchange agreed in August to invest in tZERO and use its blockchain patents while developing an NYSE-affiliated platform. The ICE-tZERO partnership covers digital transfer-agent and broker-dealer infrastructure for issuing, trading, and settling public securities onchain.
ICE and tZERO did not disclose the investment amount, tZERO’s valuation, or a launch schedule. The proposed platform still requires regulatory approvals before it can offer continuous trading and blockchain settlement.
Uniswap (UNI) is demonstrating renewed strength as analysts and traders observe growing momentum and increased activity in its ecosystem. The decentralized exchange, recognized for its pivotal role in decentralized finance (DeFi), is also seeing rising demand in the tokenized stock sector, which could further solidify its status among leading DeFi projects.
Price surge and bullish outlookUNI is currently trading at $6.19, recording a 24-hour volume of $741 million and securing a market capitalization of $3.85 billion. Over the past 24 hours, the token has gained 6.44%, drawing renewed attention from both retail traders and large holders. Market observers are attributing the latest rally to whale accumulation and improved price structure, indicating a potential bullish reversal.
EllioTrades, a crypto analyst known for chart-based market insights, identified UNI as showing a notably strong technical setup. He pointed to a clean chart structure following the recent breakout, suggesting that further upside could emerge if UNI continues to validate these technical signals.
Market participants are eyeing buy opportunities if UNI confirms its breakout above the $6.43 level, with projected price targets set at $8.15, $10.29, and potentially $12.28, according to recent analysis.
Traders are expected to watch for sustained momentum before entering new positions, as further price validation may create opportunities for upward moves. Ongoing bullish sentiment is bolstered by wider optimism in the broader crypto market, where Bitcoin has also shown signs of recovery.
Target PriceCondition$8.15Breakout validation above $6.43$10.29Sustained bullish momentum$12.28Strong continuation and volumeTokenized stocks and DeFi integrationUniswap’s role in the real-world asset sector is expanding, supported by a marked increase in demand for tokenized stocks. According to recent platform data, Uniswap processed $2 billion in transactions related to Robinhood’s tokenized shares within the past two weeks. This surge fueled total tokenized stock volumes to exceed $3 billion, reflecting increased user interest in digital representations of traditional financial assets.
Robinhood provides trading services for both digital assets and tokenized stocks, allowing users to buy and sell shares on-chain through platforms like Uniswap. The growing integration of tokenized stocks signals an increasing convergence between decentralized finance and traditional financial markets.
Mini dictionary: Tokenized stock, also known as equity token, is a digital asset on a blockchain that represents ownership rights in a traditional stock, enabling 24/7 trading and fractional ownership outside centralized marketplaces.
Analysts noted that the surge in transaction volume has further reinforced investor appetite for tokenized real-world assets. As Uniswap’s liquidity provision expands in this sector, it is well-positioned to capitalize on increased interest in on-chain stock trading.
Market outlook and risksAs UNI continues to climb, its price trend is closely tied to broader crypto market momentum and the sustained growth of tokenized assets. Market watchers underscore the importance of the $6.43 resistance level, with the prospect of higher price targets if bullish momentum holds steady.
Despite positive forecasts, analysts warn that failure to maintain gains in tokenized stock volume could leave UNI consolidating, rather than advancing toward higher targets.
The evolving landscape is likely to keep investors alert for confirmation of a breakout and ongoing buy pressure, while negative shifts in momentum or tokenized asset demand may keep the token trading within a tighter range.
Robinhood has turned tokenized stocks into a distribution race. In less than two months Robinhood went from nearly zero to over 862,800 holders of tokenized stocks in a distribution battle for new tokens.
Existing brokerage reach likely helped Robinhood place tokenized equities before a large audience without building distribution from scratch.
Binance bStocks followed with an equally aggressive expansion, reaching 827,200 holders and leaving Robinhood only 35,600 wallets ahead. That narrow 4.3% lead shows neither platform has secured lasting dominance yet.
Source: Token Terminal More importantly, both have separated sharply from Ondo Finance [ONDO] at 376,900 and xStocks at 335,000 holders.
This concentration among the top three suggests that there may be a correlation emerging between tokenized stock adoption and platforms. This is due to their ability to rapidly execute their products while creating broader distribution.
However, as noted earlier, wallet counts represent the number of accounts that hold a particular token. Yet, they do not necessarily reflect the number of unique individuals holding the token.
Nonetheless, Robinhood’s rapid rise shows established platforms can reshape tokenized markets quickly, making distribution a powerful competitive advantage.
Robinhood stock tokens hit $3B in DEX volume
Robinhood’s rapid holder growth is already feeding into real trading activity. In turn, this gives its early distribution advantage greater weight. Interestingly, within 63 days, stock tokens generated $3 billion in DEX volume.
The milestone shows that those wallets are moving beyond simply holding assets.
Source: X As participation expanded, its daily volume rose toward an average of $100 to 130 million. This participation established a deeper secondary-market liquidity for the chain.
This matters because sustained trading can turn Robinhood’s large holder base into liquidity, which later on attracts even more users.
However, Binance bStocks still process several hundred million dollars daily. This leaves Robinhood’s growing market with considerable ground to cover before its holder advantage turns into a reliable trading advantage.
Robinhood Chain drives Uniswap volume to $1.4B
That rising stock-token activity is now pulling deeper infrastructure behind it, with Uniswap [UNI] becoming a major liquidity engine on Robinhood Chain.
Daily Uniswap volume climbed from roughly $500 million in late August to $1.4 billion by early September. This was within a period of only six weeks.
V3 still handles most trading, while V4’s growing contribution shows newer liquidity infrastructure is gaining meaningful usage. This matters because Robinhood’s market needs broader liquidity beyond stock tokens to support sustained on-chain activity.
Source: Blockworks With nearly $20 billion traded since July, Uniswap is increasingly providing that depth across the network. Yet tokenized equities remain only part of total volume, meaning broader pairs still drive most activity.
Continued growth would show Robinhood Chain is developing beyond stock-token distribution alone.
Final Summary Robinhood Stock Tokens surpasses bStocks with 862,800 holders and $3 billion in DEX volume. Robinhood Chain’s Uniswap growth strengthens liquidity, though Binance bStocks still leads trading activity.
Robinhood Chain has emerged as the leading blockchain in daily revenue, recording $4.01 million in 24 hours, according to the latest data from DeFi analytics provider DefiLlama. The result places Robinhood Chain ahead of several established networks and reinforces its rapid ascent in the blockchain ecosystem.
Record earnings outpace major blockchainsShortly after its launch, Robinhood Chain has surpassed well-known platforms in key metrics, capturing the attention of both the crypto community and analysts. The network’s daily revenue surged far above competing blockchains, highlighting its reinforced position among industry leaders.
DefiLlama data shows that Robinhood Chain’s $4.01 million in 24-hour revenue stands more than 137% higher than the second-place blockchain, Canton, which generated $1.69 million during the same period.
Robinhood Chain posted more than four times the daily earnings of Tron, a network recognized for its strong DeFi activity.
Tron, which has traditionally reported high daily revenues among blockchains, trailed in third place, recording $873,930. Robinhood Chain’s daily performance surpassed that of both Tron and Canton, underscoring intensified user activity on its network.
Blockchain24-hour RevenueRobinhood Chain$4,010,000Canton$1,690,000Tron$873,930Base$97,219Solana$81,714Polygon$64,438Rising network activity drives revenue growthRobinhood Chain’s strong 24-hour revenue is linked to a notable rise in daily transactions and developer activity, with traders and DeFi participants engaging more actively with the network. This increased interaction has led to higher fee generation and placed the blockchain in the industry spotlight.
Base, a Layer 2 network built by Coinbase, generated $97,219 over the same period, while Solana and Polygon recorded $81,714 and $64,438 respectively, showing that Robinhood Chain’s recent activity far outpaces many longer-established names. Analysts note that this trend reflects user migration and heightened DeFi utilization on the newer network.
Robinhood Chain operates as a blockchain developed by financial technology company Robinhood, designed to facilitate decentralized finance applications and trading with a user-friendly experience.
Mini dictionary: Robinhood Chain, a blockchain launched by financial platform Robinhood, aims to offer seamless on-chain trading and DeFi experiences for global users, positioning itself among emerging blockchain networks with rapid adoption and significant fee revenue.
Industry watchers suggest that if the network maintains this growth in fee and transaction volume, it could continue to draw both users and developers away from established platforms in the coming months.
This rapid expansion in Robinhood Chain’s performance has positioned the network in direct competition with top blockchains by revenue and usage, marking a shift in sector dynamics.
Solana pulled in $143.23 million in application revenue during August, according to DefiLlama data. That’s 38.1% of the $375.53 million tracked globally across all blockchains.
The runner-up wasn’t even close. Hyperliquid L1 came in second at $55.6 million, followed by Ethereum at $47.1 million and BNB Smart Chain at $34.7 million. Solana alone generated more revenue than the next three competitors combined.
A monster month-over-month jump What makes the August figure particularly striking is the trajectory. In July, Solana’s app revenue sat at $82.9 million. One month later, it had jumped roughly 73%.
The network also set a new record by processing 5.2 billion non-vote transactions during the month, exceeding every other Layer 1 and Layer 2 solution combined. Non-vote transactions strip out the validator housekeeping that inflates raw transaction counts on Solana, so this metric captures actual user activity: trades, swaps, mints, and transfers.
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Where the money is actually coming from The biggest single contributor to Solana’s August revenue was Pump.fun, the memecoin launchpad, which generated approximately $58.2 million on its own, accounting for more than 40% of Solana’s total app revenue.
Axiom, a trading tool popular with on-chain traders, contributed around $24 million. FOMO added roughly $14.6 million. Collector Crypt chipped in about $9.7 million.
Phantom wallet brought in approximately $6.6 million. Jupiter, the DEX aggregator that routes trades across Solana’s liquidity pools, contributed around $6.2 million.
Nine straight quarters on top August’s performance isn’t an outlier. Solana has been the top blockchain for application revenue for nine consecutive quarters. In Q2 2026 alone, the network earned approximately $257 million with a market share hovering around 41%.
What this means for the competitive landscape Solana’s 38% revenue share is a problem for every other general-purpose blockchain. Ethereum, at $47.1 million, was less than a third of what Solana generated from applications in August.
For Hyperliquid, the $55.6 million figure is impressive given that the chain focuses almost exclusively on perpetual futures trading. BNB Smart Chain’s $34.7 million rounds out a field where no single competitor came close to Solana’s output.
The scalability demonstrated by 5.2 billion non-vote transactions in a single month also raises the competitive bar. Other chains chasing Solana’s market share need to match not just its fee economics but its raw capacity to absorb demand without degrading performance.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
A Year That Redefined Tokenized Equities@Ondo is marking the first anniversary of Ondo Stocks, the protocol it launched in September 2025 to give non-US investors around-the-clock access to US equities on-chain. Twelve months on, the platform has moved well beyond proof-of-concept territory and established itself as the dominant force in a market that barely existed a year ago.
According to Crypto Briefing, The protocol built institutional-grade settlement rails across @Solana, @Ethereum, and @BNBChain, enabling continuous equity exposure outside traditional market hours.
From $100M Market to Nearly $3BThe broader tokenized stock market has expanded sharply since Ondo entered it. The original copy notes the market has grown nearly 23x, from around $100M to close to $3B, as institutional and retail demand for on-chain equity exposure accelerates.
Ondo has led that charge.
The first $1B milestone arrived in May 2026.
Regulatory progress has accompanied the growth. using BlackRock's IVV ETF and Micron shares as the initial securities.
The wider RWA landscape is expanding in parallel. suggesting that on-chain equities are becoming the primary entry point for new participants in the asset class. With Ondo holding the category lead on TVL, volume, and market share, its first anniversary arrives at a moment when the infrastructure it built is starting to look less like a niche experiment and more like a foundational layer for global equity access.
Sources:
Crypto Briefing: Ondo Finance leads tokenized stock market with 34% share
CoinDesk: Ondo Finance debuts SEC-aligned tokenized stock model
CEX.IO: 3 in 4 New RWA Wallets in 2026 Belong to Tokenized Stocks
According to Reuters, global banking giant Standard Chartered announced the launch of its Bitcoin and Ethereum spot trading service for its corporate clients in the United Arab Emirates (UAE).
The bank thus became the first global bank to offer direct cryptocurrency spot trading to institutional clients in the Gulf country.
The new service is offered through Standard Chartered’s operations at the Dubai International Financial Centre (DIFC). The bank aims to expand institutional investors’ access to the cryptocurrency market through traditional financial infrastructure.
Standard Chartered’s move to the UAE stands out as part of its strategy to expand its activities in the digital asset space. The bank had already begun offering spot trading services for BTC and ETH to institutional clients in the UK in 2025.
Solana Accounts for One-Fifth of Stablecoin Transactions! While Standard Chartered UAE drew attention with its BTC and ETH moves, the bank’s Head of Digital Asset Research, Geoff Kendrick, made statements about Solana.
Speaking on Solana’s official podcast, “House of Sol,” Kendrick highlighted Solana’s strong position in the stablecoin market.
Kendrick stated that approximately $7 trillion worth of transactions are processed monthly via stablecoins, and the Solana network handles about one-fifth of these transactions.
According to Kendrick, this ratio highlights not only the network’s role in decentralized finance and cryptocurrency trading, but also its growth in payment and stablecoin-based use cases.
Kendrick also noted that Solana’s low transaction costs and high transaction capacity are among the key factors that enable the network to stand out in stablecoin and micro-payment applications.
*This is not investment advice.
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Rumors of Solana’s death have been greatly exaggerated. While the critics and detractors declare Solana to be in its “most perilous place” ever, the network remains the most productive and fertile ground for applications across the industry.
Meanwhile, new data suggests that while Robinhood Chain is witnessing a tremendous influx of traders and capital, the vast majority of users are coming from crypto-native platforms.
Solana Leads All Chains in Monthly App Revenue The multichain economy is exploding, with blistering memecoin runs on networks like Robinhood and BNB Chain attracting traders and capital in waves reminiscent of previous onchain bull cycles.
Driven by the surging popularity of meme/stock token pairings, Robinhood and BNB Chain are seeing coins run to incredible valuations in a matter of weeks. But while coins are running to $300M on rival chains, Solana’s memecoin trenches are looking decidedly barren, with similar meme/stock pairs struggling to enjoy the same success.
Solana’s declining volume share in tokenized equities has only fuelled criticism and dismissal from its detractors. Critics argue that Solana is now in a “perilous place”, with rival chains proving more popular among memecoin and perpetual futures traders.
But contrary to the doubts expressed on social media, onchain data suggests that Solana remains crypto’s most productive network for building blockchain-based businesses.
According to DefiLlama data, Solana recorded over $144M in app revenue throughout August, leading all chains and constituting 38% market share across all chains.
Outside the application revenue, Solana maintained its industry-wide lead on spot DEX volume and continues to surpass rival chains like Ethereum, BNB, and Robinhood on network REV.
How Much of Robinhood’s Growth is New Users? While Robinhood Chain’s parabolic rise is breathing new life and optimism into the onchain economy, new data suggests that the surge of activity may not be as retail-driven as previously thought.
Blockworks data suggests that only 2% of all activity on the flourishing network comes from the Robinhood Wallet, implying that most of the network’s traders are still coming from a crypto native background.
Around 73% of all activity is being driven by cross-chain terminals and aggregators, which could include retail-first platforms like fomo and the pump app.
At the same time, it’s starting to appear as though Robinhood Chain is suffering from its own success. The Ethereum Layer-2 is buckling under the demand for blockspace, with transaction fees spiking across the network due to strong demand for blockspace.
With network fees coming in around 128x more expensive than Solana, Blockworks Research analyst 0xcarlosg argues that the network risks pricing out the users driving its meteoric growth.
For its part, Solana has already suffered these trials. Historic network events, like the launch of the $TRUMP memecoin in January 2025 served as excellent proof of the chain’s resiliency under unprecedented load. Recent performance improvements, like raised block limits and slot time reductions have only boosted Solana’s capacity for scale, ensuring the chain is best-equipped to onboard capital markets at global scale.
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Solana Mobile has announced CLOCK IN, a 30-day hackathon offering $135,000 in prizes for developers building applications on the Solana network. The competition targets mobile-first builders working with the Seeker Android device and the platform’s dApp Store, continuing a pattern of increasingly ambitious developer incentives from the Solana Mobile team.
The prize structure rewards ten grand prize winners with $10,000 each, five honorable mentions at $5,000 apiece, and a separate $10,000 SKR bonus for the best integration with the Solana Mobile Stack. Beyond cash, winners also receive Seeker devices, prominent placement in the dApp Store, marketing support, and one-on-one consultations with Solana co-founder Anatoly Yakovenko.
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Building on a track record This is not Solana Mobile’s first rodeo with developer competitions. The first hackathon ran in 2025 with a $100,000 prize pool, and the second event, called MONOLITH, drew 403 submissions from teams across 66 countries, a 43% jump in participation compared to that inaugural run.
MONOLITH was organized in partnership with RadiantsDAO and ran for five weeks, closing in early March 2026. The 888 signups and 403 completed submissions across 66 countries suggest that mobile Web3 development has quietly assembled a global community of builders, not just a concentrated cluster of crypto-native insiders.
To qualify, teams needed to submit a functional Android APK with Solana Mobile Stack integration, Mobile Wallet Adapter support, and a demonstrably mobile-first design.
The SKR bonus track deserves attention separately. By specifically rewarding the best integration with the Solana Mobile Stack, organizers are nudging developers toward deep platform adoption rather than surface-level ports of existing web apps.
The 43% increase in submissions between the first and second hackathons is also a signal worth taking seriously. The growth trajectory from hackathon one to hackathon two suggests Solana Mobile’s developer credibility is accumulating, not eroding.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Users paid $4.45 million to transact on the network on Sept. 2, more than Ethereum, Solana and Tron combined, after the base fee rose 23 times off its 0.02 gwei floor. Robinhood absorbs the cost inside its own wallet app until Sept. 29.
Robinhood Chain collected more in gas fees over the past 24 hours than any other blockchain, after memecoin launch activity pushed the two-month-old network's base fee far above the minimum price its contracts allow.
Almost all of the increase is price. Transactions on the chain rose about 36% over the same stretch, while the execution gas on an average transaction went from under a cent to about 32 cents. Robinhood pays the fee for customers swapping inside its wallet app under an offer that expires on Sept. 29.
Users paid $4.45 million in gas on Sept. 2, up 18.8% from the prior day and 82 times the $54,254 paid on Aug. 22, according to DefiLlama, which counts gas fees paid by users covering both Robinhood Chain execution and the Ethereum data component. Canton ranked second that day at $1.69 million, followed by Tron at $873,930, Solana at $612,579, BNB Chain at $480,271 and Ethereum at $304,277. The chain has taken $12.44 million over seven days, two-thirds of the $18.45 million it has earned since mainnet launched on July 1.
Off The 0.02 Gwei FloorRobinhood Chain enforces a minimum gas price of 20 million wei, or 0.02 gwei, readable from the ArbGasInfo precompile at address 0x6c and the same default Arbitrum One runs. The base fee held at that floor on a median basis from Aug. 17 through Aug. 23, according to blocks sampled directly from the chain's public RPC endpoint. It has been above it every day since Aug. 24.
Over the 24 hours to 16:27 UTC on Sept. 3, the median base fee across 600 sampled blocks was 0.467 gwei, 23 times the floor, with intraday readings above 5 gwei. Arbitrum One was at 0.02 gwei at the same moment and Base at 0.005 gwei.
Measured onchainAug. 21-22Sept. 2-3Median base fee0.0201 gwei0.467 gweiGas consumed per second13.2 million36.9 millionTransactions per block9.9613.97Gas per transaction132,766272,229Execution gas cost per transactionunder $0.01$0.32At the intraday peaks, a transaction of that size costs roughly $3.40. DefiLlama's 82-fold increase runs ahead of the 47-fold rise in execution cost because its series also prices the Ethereum data component and priority tips, which the per-transaction calculation above excludes.
Gas Burn Nearly TriplesRobinhood Chain consumed an average of 36.9 million gas per second over the past 24 hours, against 13.2 million on Aug. 21 and 22. Blocks carried an average of 13.97 transactions against 9.96, and each transaction used 105% more gas.
Arbitrum Nitro tracks a gas backlog against several targets measured over windows from nine seconds to a full day, per Arbitrum's documentation. When the backlog grows the base fee rises exponentially to discourage usage, and falls as the backlog clears. The base fee has risen on nine of the past 10 days.
Robinhood Pays Until Sept. 29Customers swapping inside the Robinhood Wallet app are paying none of this. Robinhood covers network fees on crypto and stock token swaps on Robinhood Chain, plus one-time ERC-20 approval fees, for swaps greater than $0.50, with "no additional caps, limits, or frequency restrictions," according to Robinhood's support page for the offer.
The offer period runs "beginning at launch of Robinhood Chain to 11:59 PM EST September 29, 2026." Wallet-to-wallet transfers, bridge transactions and anything executed through the dapp browser are excluded, as are third-party wallets. Robinhood reserves the right to change or end the offer without notice.
That leaves traders using Pons, GMGN or Uniswap directly paying the current rate, and Robinhood Wallet users facing it in 26 days unless the offer is extended.
Pons Sets The LoadPons V2, the launchpad that exists only on Robinhood Chain, took $6.09 million in fees over the past 24 hours and $26.33 million over seven days, DefiLlama data shows. Uniswap V4 on the chain collected $6.65 million, trading bot GMGN $2.65 million and Uniswap V3 $870,480.
PONS traded at $0.5827 on Thursday, up 42.9% over 24 hours, 388.2% over seven days and 2,727.3% over 30 days, for a market capitalization of $413.8 million and a rank of 117, according to CoinGecko. The token set an all-time high of $0.6011 at 17:19 UTC on Sept. 3 and turned over $126.7 million in the past day.
DEX volume on the chain was $1.55 billion over 24 hours, down 7% from the prior day and up 88.1% over seven days. Total value locked stands at $819.6 million.
Gas Takes A QuarterGas has gone from a rounding difference against those application fees to a quarter of everything paid on the chain. Fees across Robinhood Chain and every protocol deployed on it totaled $19.12 million on Sept. 2, of which gas was 23.3%. On Aug. 22 it was 2.5%.
No other large network prices its own capacity that high.
Chain, Sept. 2All fees paidChain gas feesGas shareRobinhood Chain$19.12 million$4.45 million23.3%BNB Chain$2.89 million$480,27116.6%Solana$10.54 million$612,5795.8%Base$1.86 million$97,5835.3%Arbitrum One$268,976$13,8575.2%Ethereum$9.34 million$304,2773.3%Application fees scale with the value being traded and gas with the compute the chain can supply. Volume has kept climbing; capacity has not.
Six Of Eight SignersBringing fees down by raising the chain's throughput is not Robinhood's decision alone. Robinhood Chain's parameters sit with a Security Council of eight signers — two held by Robinhood and one each by BitGo, Chainlink Labs, Fireblocks Trust Company, Offchain Labs, Paxos and Talos — where routine changes need six of eight approvals and a seven-day onchain timelock, according to the chain's governance documentation. Emergency actions skip the timelock and need seven of eight.
Arbitrum's Cut GrowsRobinhood kept $4.01 million of Sept. 2's gas fees after Ethereum data costs and the 10% fee share owed under the Arbitrum Expansion Program license, DefiLlama's accounting shows. The gap between the two figures is almost exactly 10%, leaving Ethereum data costs at close to nothing for the day.
That share splits 8% to the Arbitrum DAO treasury and 2% to development funding, putting roughly $356,000 a day into the DAO at Sept. 2 rates against about $4,300 on Aug. 22. ARB traded at $0.1381, up 10.6% over 24 hours and 44.2% over seven days, according to CoinGecko.
Robinhood Chain passed Ethereum on daily application revenue in late August and ranked second among all chains by DEX volume at the start of September. It overtook Base on daily active users three weeks after launch.
Terminal volume crossed the mark on Sept. 2 with GMGN taking almost half of it, and 91% of GMGN's trades settled on Robinhood Chain. DEX volume across all networks rose 26% over 30 days. GMGN's Solana volume was flat.
Crypto trading terminals settled more than $1 billion of volume in a single day on Sept. 2, the first time they have done so since January 2025, according to a Dune chart published by the analyst who goes by Adam on X.
The venue mix behind that number has changed since the last billion-dollar day. GMGN, the multi-chain terminal that took $479.7 million of the $1.03 billion total on Adam's count, now does nine of every ten dollars of its volume on Robinhood Chain, the two-month-old network Robinhood built for tokenized equities. Its Solana volume was $9.5 million that day, against $9.4 million 30 days earlier.
GMGN recorded $490.9 million of volume on Sept. 2, its third-largest day on record, DefiLlama data shows. The two bigger days were Oct. 8 and Oct. 9, 2025, at $519.2 million and $494.9 million. Its January 2025 peak, during the TRUMP memecoin launch, was $272.4 million on Jan. 19.
Ninety-One Percent RobinhoodRobinhood Chain accounted for $445.5 million of GMGN's Sept. 2 volume, or 90.7%. Thirty days earlier the chain carried $18.2 million of it.
GMGN's BSC volume went the other way over that stretch, from $91.6 million a day to $29.6 million. Across all chains the terminal settled $3.02 billion over 30 days against $2.49 billion in the prior 30-day window, a 21.5% increase. The record day came from Robinhood Chain; the rest of GMGN's footprint grew far less or shrank.
Fee income tracks the volume. GMGN took $2.46 million of revenue on Sept. 2, up from $956,000 on Aug. 26, and rose on each of the five days from Aug. 28. Its record is $5.74 million, set on Oct. 8, 2025.
Robinhood Chain's own DEX volume hit a record $1.67 billion on Sept. 1 and stood at $1.55 billion over the 24 hours to 20:24 UTC on Thursday, against $354 million on Aug. 3. The chain has settled $20.36 billion over 30 days versus $15.09 billion in the prior window, a 34.9% increase.
That ranks it second among all networks behind Solana at $2.29 billion over 24 hours, and ahead of Ethereum at $1.32 billion, BNB Chain at $1.14 billion and Base at $792 million. The Defiant reported on Sept. 1 that the chain had passed Ethereum, BNB Chain and Base on DEX volume as its launchpads took close to 70% of launchpad fees across crypto, and on Aug. 31 that it had topped Ethereum in daily app revenue.
Two Counts, One DayDefiLlama's own tally of the same category comes to $600.3 million for Sept. 2, because it classifies the field more narrowly. Its Trading App and Telegram Bot categories exclude basedbot, which Adam's query credits with $77.8 million, and the pump.fun mobile app, credited with $67 million; DefiLlama books the pump.fun app under Interface and puts its Sept. 2 volume at $17.9 million. Its adapter for fomo, the second-largest terminal on Adam's chart at $268.2 million, covers Solana only and reports $27.2 million.
The two counts agree on direction and on which terminal leads. DefiLlama's adapters exclude volume routed through venues it has not indexed, a limit it states in its Axiom methodology, so its terminal figures read as a floor.
Axiom, the largest Solana terminal through most of 2025, did $60.3 million on Sept. 2 by DefiLlama's count and $95.5 million by Adam's. Its daily volume has held flat for a month, against $61.3 million on Aug. 3, while its 30-day total nearly doubled to $2.36 billion from $1.22 billion. Photon did $1.5 million, Trojan $2.6 million and BullX $286,000.
V4 Passes V3The recovery extends past the terminal business. Volume across all decentralized exchanges reached $9.18 billion over 24 hours and $236.3 billion over 30 days, against $187.6 billion in the prior 30-day window, a 26% increase.
August settled at $233.5 billion, the strongest month since February and up from $197.2 billion in July. The market is still well short of its October 2025 record of $588.3 billion.
Uniswap V4 is the largest single DEX by 30-day volume at $28.21 billion, ahead of V3 at $26.54 billion. V4 is up 10.8% against the prior 30-day window and V3 up 7.4%, while Uniswap V2 fell 58.8% to $1 billion. Uniswap Labs switched on protocol fees for V4 pools on July 27, which nearly tripled protocol revenue at the time.
Among other venues, PumpSwap did $1.02 billion over 24 hours and is up 16.6% across the 30-day window. PancakeSwap Infinity is up 50.7%, Hyperliquid's spot order book 69.3%, and Kuru CLOB on Monad 547%. Monad's chain-level DEX volume went from $30 million a day on Aug. 3 to $134 million on Sept. 2. Hyperliquid's perpetuals venue traded $7.55 billion of notional across 233 markets over 24 hours, per The Defiant's read of the exchange's own API.
The Defiant reported in August that DEX spot volume had reached a record 24% of centralized exchange volume in July, in a month when overall spot volumes hit a two-year low.
The Wider BidThe volume came with a price rally. Bitcoin traded at $81,406, up 5.2% over 24 hours and 27.2% over 30 days, according to CoinGecko. Ether was at $2,507.61, up 34.3% over 30 days, and Solana at $105.22, up 41.9%. Total crypto market capitalization stood at $2.75 trillion.
Tokens tied to the venues taking the volume ran further. UNI traded at $6.26, up 35% over seven days and 60.3% over 30 days, for a $3.9 billion market capitalization. HYPE was at $85.38, up 55% over 30 days. PUMP was up 89.3% over 30 days. JUP, whose aggregator did $385.8 million over 24 hours, was at $0.2367, up 24.5% over 30 days.
Pons, the launchpad that exists only on Robinhood Chain and supplies much of the token flow the terminals trade, collected $5.95 million in fees on Sept. 2 against $1.46 million for pump.fun.
Helium [HNT] declined significantly as bears began selling the asset over the past couple of trading sessions in the market.
This 19% decline marks a complete turnaround from the asset’s upside performance that lasted for days, as Helium expanded its products across key areas in Hawaii and Texas.
In addition, the broader product and protocol-level push helped fuel the previous rally, with Helium recently approving Improvement Proposals (HIP) 149 and 150.
The proposals allow individuals who host hardware to earn payments for routing traffic, while Helium distributes the token accordingly.
While strong protocol performance can support an asset’s valuation and sustain bullish sentiment, the current market structure tells a different story and could push HNT even lower.
A structural gap could force the asset lower The Bollinger Bands indicator shows a tendency for HNT to see further declines beyond what has already been recorded.
The Bollinger Bands use three major levels: the upper band, which marks the overbought region; the middle band, which can act as either a support or resistance level; and the lower band, which can act as a demand zone or oversold region.
The recent decline followed the price trading into the overbought territory, forcing the asset lower. While the trend remains predominantly bearish, with HNT trading lower, the closest support level is the middle band at $0.30.
A drop to the middle band could mean HNT rebounds higher. However, if demand at this level remains weak, there is a chance the price could trade even lower, moving toward the lower band.
At the time of writing, the Accumulation/Distribution indicator has continued to decline, with the volume-weighted distribution reaching -52 million HNT.
With distribution taking precedence, there is a high chance that HNT will continue to trade lower on the chart until it finds a balance.
Protocol’s weak performance plays a role AMBCrypto previously warned that while HNT had strong bullish sentiment and traders’ inflows were predominantly long, the protocol was not ready for a rally as it continued to underperform.
The Helium network has continued to operate at a loss since then, with no profitability recorded yet. At the time of this report, losses in Q3 2026 had amounted to $202,000, representing an additional $24,000 in losses since the earlier warning.
Source: DeFiLlama Overall, HNT remains in a clear bearish state. The Spot market netflow also shows that roughly $158,000 worth of the asset was sold into the market as sellers continued to dominate.
Final Summary HNT faces further downside risk as bearish momentum strengthens and the Bollinger Bands point to a potential drop toward the $0.32 support level. Weak protocol performance adds pressure, with HNT recording continued losses and Spot market netflows showing increased selling activity.
Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Although Shiba Inu's price chart appears to be stabilizing, one of its most recent exchange metrics presents a potentially unfavorable development for the bullish scenario. A significant decrease in SHIB's average exchange outflows is the primary shift. At roughly 261.7 million SHIB, the seven-day moving average of mean exchange outflows has decreased by 75.55%.
Exchange outflows slow downTokens leaving trading platforms for private wallets are typically linked to exchange outflows. Therefore, significant outflows may be a sign of accumulation or decreased sell-side liquidity that is readily available. A 75% contraction indicates a significant weakening of this potential accumulation source.
SHIB/USDT Chart by TradingViewThe development gains significance in relation to inflows. The seven-day moving average of mean inflows increased by 24.13% to 595.68 million SHIB, while total exchange inflows increased by 1.48% to about 398.35 billion SHIB. Put differently, there has been a shift in the short-term exchange balance from withdrawals to deposits.
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Additionally, SHIB's exchange reserve grew by 0.29%, reaching roughly 87.21 trillion tokens. Although having more tokens on exchanges does not ensure that they will be sold, it does increase the amount of SHIB that holders may be able to sell right away. It is interesting to note that overall exchange netflow decreased by 10.29%, indicating that the data does not suggest a complete capitulation event.
Pressure being absorbed Rather, the divergence between increasing inflow activity and falling average outflows is a more significant signal. Thus far, SHIB's price structure has done a fair job of absorbing the pressure. Above the cluster of shorter moving averages around $0.00000503–$0.00000499, the token trades at approximately $0.00000524. Additionally, the rising trendline from August lows is still in place.
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The next significant barrier is located at $0.00000569, which corresponds to the 200-day moving average. The overall technical structure would be significantly improved by surpassing that threshold.
SHIB is still in recovery territory for the time being, but one of the signals that bulls would prefer to see is weakened by the 75.55% outflow collapse. As a result, holding $0.00000500 is becoming more crucial. While persistent strength above current levels would keep another attempt at $0.00000569 in the running, a breakdown could reveal the 50-day moving average near $0.00000478.
Key Takeaways Shares of Victoria’s Secret plummeted 18% during premarket hours following a mixed Q2 earnings report that emphasized weak forward guidance. The company delivered adjusted earnings per share of $0.95, significantly surpassing the analyst forecast of $0.77, though revenue of $1.61 billion fell marginally short of the $1.62 billion target. Comparable store sales climbed 9%, exceeding projections but representing a deceleration from the 13% growth achieved in the previous quarter. Third-quarter operating income projections significantly underperformed, with a midpoint of $15 million versus Wall Street’s $24.4 million expectation. The company increased its fiscal year revenue outlook to a range of $7.1B-$7.18B, aligning closely with market expectations. Shares of Victoria’s Secret plunged 18% to $69.61 during premarket trading on Thursday following the lingerie retailer’s Q2 earnings announcement, which left investors disappointed despite robust bottom-line performance.
Victoria’s Secret & Company, VSXY
For the fiscal second quarter that concluded on August 1, the retailer reported adjusted earnings per share of $0.95, a substantial improvement from $0.33 in the year-ago period and comfortably exceeding the $0.77 analyst consensus. Total net sales climbed 10% on a year-over-year basis to $1.61 billion, narrowly missing Wall Street’s anticipated $1.62 billion.
— Wall St Engine (@wallstengine) September 3, 2026
The company’s adjusted operating income reached $124 million for the quarter, representing a significant jump from the $55 million recorded during the comparable period in the prior year.
Comparable sales advanced 9% during the quarter, surpassing the consensus projection of 8.8%. However, this figure represented a notable deceleration from the 13% comparable sales expansion delivered in the first quarter, raising concerns among market participants.
Third-Quarter Profit Outlook Misses the Mark The primary concern for shareholders centered on forward-looking guidance. Victoria’s Secret projected third-quarter sales between $1.57 billion and $1.6 billion, modestly exceeding the Street’s $1.56 billion estimate.
Nevertheless, the company’s third-quarter operating income forecast substantially missed analyst expectations. Management’s guidance midpoint of $15 million fell well short of the $24.4 million Wall Street had anticipated.
Chief Executive Hillary Super explained that the conservative operating income projection reflects a strategic decision to substantially increase marketing expenditures. “We see significant opportunity ahead and are doubling down on what is working,” she stated. “We are increasing our strategic marketing investment to expand our reach, deepen customer connection, and build on the brand heat we are creating.”
Prior to the earnings release, the stock had enjoyed impressive momentum. Shares had surged 57% year-to-date through Wednesday’s close, reflecting investor confidence in the company’s transformation efforts under Super’s stewardship.
Annual Revenue Projections Increased On a more optimistic note, Victoria’s Secret elevated its fiscal 2026 revenue guidance to a range of $7.1 billion to $7.18 billion, representing an increase from the prior range of $7.03 billion to $7.13 billion. This updated forecast aligned approximately with the $7.14 billion consensus estimate.
Management also enhanced its 2026 adjusted operating income guidance to $560 million to $590 million, up from the previous range of $550 million to $580 million.
Guggenheim analyst Simeon Siegel acknowledged the “strong bottom-line beat” while pointing out that implied fourth-quarter earnings appear to be running below the Street’s consensus expectations.
The stock had closed Wednesday’s regular session up 0.8% before the sharp premarket decline materialized.
Ethereum gas fees can make or break a trade. This guide explains what they are, why they change and how to reduce gas costs.
Want to swap tokens, mint an NFT or interact with a DeFi protocol on Ethereum? Before your transaction can go through, you need to pay a gas fee. Understanding how gas works can help you choose the right time to transact and avoid paying more than necessary.
Ethereum transactions are usually priced across different speed tiers, often shown as Slow, Standard and Fast.
Slow targets cheaper inclusion when timing is not urgent. Standard aims for normal confirmation speed. Fast increases the priority fee when faster inclusion matters.
A practical model:
Slow: target inclusion in around 12 blocks
Standard: target inclusion in around 3 blocks
Fast: target inclusion in around 1 block
Gwei is the unit used to price gas. One gwei equals 0.000000001 ETH.
The USD cost of a transaction depends on the current gas price, ETH price and estimated gas used by the selected transaction type. Fast gas is worth paying when execution risk is higher than the gas cost. A liquidation, volatile token swap or time-sensitive mint may justify a higher fee. Waiting makes sense when the transaction is not urgent. Portfolio rebalancing, approvals and routine transfers can often wait for a cheaper hour.
What makes ETH gas fees moveEthereum gas changes because blockspace has limited capacity. Traders, bots, apps and protocols compete for the same space. Four factors matter most.
Base fee: The base fee is the minimum cost required for inclusion. Ethereum adjusts the base fee based on how full previous blocks were.
Priority fee: The priority fee is the tip paid to encourage faster inclusion. A higher priority fee can help during congestion.
Gas used: Different transactions consume different amounts of gas. A simple ETH transfer is lighter than a token swap or NFT mint.
Mempool congestion: Gas rises when many users and bots want inclusion at the same time. NFT mints, liquidations, token launches and volatile market moves can create sudden spikes.
Inline math matters more than theory.
At ETH = $[X], a transaction using 150,000 gas at 30 gwei costs around $[Y].
That estimate changes when ETH price, gas price or gas used changes.
A high gas quote does not always mean Ethereum is broken. A high quote usually means the market is bidding aggressively for blockspace right now.
When are ETH gas fees cheapest?The best time to transact is usually when fewer traders compete for blockspace. Cheaper gas periods often appear during quieter parts of the week, but patterns can change quickly. Typical lower-cost windows are:
late-night UTC hoursweekend periodsperiods outside major US and European trading sessionsSaturday and Sunday often show lower average gas than weekday market hours. The pattern can break during major launches, market crashes or popular mint events. Watch for high-gas triggers:
US market openMajor token launchesNFT mint windowsLiquidation cascadesVolatile ETH price movesA timing playbook:
send urgent trades when execution matters more than gas.wait for a quieter period for non-urgent swaps.set wallet alerts for a target gwei level.use 1inch intent-based swaps when you want gasless execution and do not want to manage timing manually. 1inch intent-based swaps are designed for traders who want execution without managing the gas bid directly. You sign an order. Resolvers compete to execute it. The resolver pays the gas.5 ways to actually pay less gas1. Time your transactionThe easiest gas saving is patience. Check the current gwei level. Compare it with recent network conditions. If the transaction is not urgent, waiting can make a real difference.Timing matters most for non-urgent actions:
Token approvalsWallet cleanupPortfolio rebalancingNFT transfersRoutine swapsA price alert can help. Set a target such as “send when gas falls below [X] gwei.”
2. Use a Layer 2 networkLayer 2 networks can be much cheaper than Ethereum mainnet.
Popular options include:
ArbitrumBaseOptimismLayer 2s are often useful for frequent traders, smaller swaps and active DeFi use.
The trade-off is simple. You may need to bridge funds first. Some withdrawals can take longer or require additional steps.
Layer 2 gas is not the same as mainnet gas. The transaction cost depends on the L2 fee model and the cost of posting data back to Ethereum.
3. Bundle approvals and swaps where possibleTwo transactions usually cost more than one. A token approval plus a swap creates extra gas overhead. A workflow that reduces repeated approvals can lower total cost over time.
Permit-style approvals can help when supported. Permit2 can also reduce friction across supported apps and tokens.
The practical rule is simple. Avoid unnecessary approvals. Avoid approving the same token repeatedly when a safer reusable approval flow is available.
4. Use a DEX aggregator with gas-efficient routingThe cheapest route is not always the route with the lowest token price. A good route must account for gas.
1inch evaluates routes based on net output. A route that gives a slightly better token price but costs much more gas may not be the best outcome.
This matters most when:
Liquidity is fragmentedThe trade size is meaningfulSeveral pools offer similar pricesMulti-hop routing may improve executionGas is elevatedA DEX aggregator helps compare execution across liquidity sources. A gas-aware aggregator helps avoid routes where extra complexity destroys the benefit.
Check the 1inch dApp to explore gas-efficient swaps and routing.
5. Use intent-based executionIntent-based execution changes the gas equation.
A regular swap requires you to submit a transaction and pay network gas.
With 1inch intent-based swaps, you sign an intent. Professional resolvers compete to fill the order. The resolver pays gas.
Intent-based swaps are useful when you want to avoid manual gas timing, reduce front-running exposure and simplify execution.
Intent-based execution does not remove all market risk. Price movement, liquidity and execution conditions still matter.
Intent-based execution does remove the need for you to pay gas directly for the swap.
How to think before sending a transactionUse gas as part of your decision flow. First, check current network conditions. If standard gas is close to the recent low range, sending now may be reasonable.
If fast gas is much higher than standard gas, the network may be congested. Waiting can help unless the trade is urgent.
Next, consider your transaction type. A simple ETH transfer uses less gas than a swap. A contract interaction can be much heavier than both.
Then compare the gas cost against the value of the transaction. A $12 fee may be acceptable for a $20,000 swap. The same $12 fee may be too high for a $100 transfer.
Finally, compare regular execution with intent-based swaps. If a regular DEX swap carries a meaningful gas cost, 1inch intent-based swaps can be a cleaner execution path.
ETH gas fees FAQHow much is an ETH gas fee right now?The current fee depends on the selected speed tier, ETH price and transaction type. Wallets and network explorers usually show current gas estimates before you confirm a transaction.
How do I avoid ETH gas fees?You cannot avoid network fees when sending a normal Ethereum mainnet transaction.
You can reduce the impact by timing transactions, using Layer 2 networks, avoiding unnecessary approvals or using 1inch intent-based swaps for gasless swaps.
What time of day is ETH gas cheapest?Cheaper gas often appears during quieter UTC hours and weekends. The exact window changes depending on network demand, market volatility and major on-chain events.
Does the gas fee depend on how much ETH I send?A simple ETH transfer usually costs the same amount of gas whether you send 0.1 ETH or 10 ETH. The dollar value of the gas changes with gas price and ETH price, not the transfer amount. Swaps are different. Larger swaps can trigger more complex routing or higher price impact.
Are L2 gas fees the same as mainnet?No. Layer 2 networks have their own fee models. L2 transactions are usually cheaper, but costs still depend on network demand and Ethereum data availability costs.
Will ETH gas fees go down?Ethereum upgrades can reduce some fee pressure, especially for Layer 2 activity. Proto-danksharding helped lower data costs for rollups. Mainnet gas can still spike when demand for blockspace is high.
Stop paying for gasGas timing should not decide whether your trade works. For non-urgent transactions, waiting for quieter network conditions can help. For swaps, 1inch intent-based swaps give you another option: sign the trade and let resolvers pay gas.
Stop paying for gas. Use 1inch intent-based swaps.
TLDR: Ethereum saw accelerated August activity across Layer-2 upgrades, institutional adoption and ecosystem development. BlackRock expanded tokenization on Ethereum while Gnosis and Whitechain pursued Layer-2 transitions. Privacy tools and wallet infrastructure advanced through new applications, security features and post-quantum technology. DeFi growth continued as Aave, Morpho and Uniswap reached new deposit and trading milestones. Ethereum development activity accelerated through August as builders across the ecosystem shipped new upgrades, launched fresh protocols, and expanded institutional integrations.
Layer-2 networks advanced their infrastructure, decentralized finance protocols recorded fresh deposit milestones, and privacy-focused applications gained new momentum.
The developments touched governance, tokenization, wallet security, and onchain gaming across the wider Ethereum landscape.
Institutional and Layer-2 Expansion Gain Momentum Ethereum’s Layer-2 ecosystem saw structural changes this month. GnosisDAO approved a vote to move Gnosis Chain from an independent Layer-1 network to a ZK-proven Ethereum Layer-2 rollup.
The shift introduces synchronous composability, allowing applications on Gnosis and Ethereum to interact within a single transaction.
Institutional interest in Ethereum also expanded. BlackRock introduced its Select Treasury Based Liquidity Fund with a tokenized share class deployed on Ethereum mainnet.
The asset manager additionally began tokenizing share classes tied to its $311 billion European money market fund series on the network.
Ethereum is for shipping.
Here are 35 things the Ethereum ecosystem launched, upgraded, and announced through August.
1/ GnosisDAO approved a vote to transition @gnosischain from its own L1 to a ZK-proven Ethereum L2 rollup with synchronous composability, so apps on Gnosis and…
— Ethereum (@ethereum) September 3, 2026
Arbitrum activated its ArbOS Elara upgrade, bringing more responsive transaction fees to Arbitrum One. The update also increased Stylus smart contract capacity fourfold and added new features for chains built on the Arbitrum stack.
Elsewhere, Whitechain, the network connected to the WhiteBit exchange ecosystem, announced plans to transition from an independent Layer-1 into an Ethereum Layer-2 built on the OP Stack.
Ethereum client teams also introduced the Platåberget testnet to prepare implementations ahead of the Glamsterdam network upgrade.
Privacy Tools and Wallet Infrastructure Advance Privacy-focused development remained active across the Ethereum ecosystem in August. Aztec Network launched Alpha v5, a protocol upgrade that reduced private transaction proving times. The release also brought an initial group of privacy-preserving applications onto the network.
Privacy Boost introduced a new frontend application enabling users to send private transfers directly from connected wallets.
Wallet security also advanced through new releases. MetaMask launched its Agent Wallet, an agentic tool built with spending limits, allowlists, and configurable risk profiles.
Freedom Factory opened presales for PQ1, an air-gapped hardware wallet that signs transactions using post-quantum cryptography through an Ethereum smart account.
Privacy-focused wallet Cloaked reported reaching $650,000 in deposits and $1 million in transaction volume during its first 90 days of operation.
Web3Privacy also released an updated Ethereum Privacy Ecosystem Mapping for 2026, documenting the network’s growing privacy tooling landscape.
DeFi Growth and Ecosystem Programs Continue Decentralized finance activity on Ethereum showed continued expansion during the month. Aave v4 surpassed $525 million in deposits on Ethereum mainnet.
Morpho reported crossing $880 million in total deposits on Robinhood Chain within less than two months of going live, while also reaching $5.75 billion in deposits on Base.
Uniswap processed more than $1 billion in stock token volume on Robinhood Chain, contributing to over $20 billion in total volume since the platform’s July launch.
The exchange also launched v4 Permissioned Pools, a hook standard enabling allowlisted swaps for regulated assets while keeping the base protocol permissionless.
Coinbase launched tokenized stocks on Base for non-U.S. users, backed one-to-one by a regulated custodian and held in self-custody wallets.
Base separately opened applications for its Base Batches 004 accelerator program, supporting ten early-stage teams building on the network.
Ether.fi expanded its crypto neobank offering with tokenized stocks and portfolio-backed loans facilitated through Aave.
The Ethereum Foundation also launched an autoresearch challenge focused on post-quantum security, built alongside zkSecurity and EigenLabs, placing a machine-verified security problem on a public leaderboard for open contribution.
@XDCNetwork closed August with the strongest month of on-chain activity in its history. The network processed 27.7 million transactions, a figure that represents a 50% increase over the prior six months, according to data shared by XDC Network and cited by Token Terminal analytics.
Validator Set Expands With Institutional Names The network's validator ecosystem grew roughly 26% over the quarter and now exceeds 320 active nodes. Three new institutional names joined during August. Hex Trust, a digital asset custodian active across APAC and the Middle East, joined as a Masternode Validator to verify transactions and contribute to network consensus. Clear Street, a regulated financial infrastructure firm headquartered in New York that serves more than 700 institutional clients and processes around 550 million shares in daily trading, also joined the validator set. Blockchain infrastructure provider LinkPool rounded out the August additions.
Clear Street CEO Robert Rutherford framed the move in capital markets terms, saying the firm wants to be "accountable for the next layer of capital markets" by helping to operate it. The broader validator roster already includes Deutsche Telekom, SBI Holdings, Animoca Brands, HashKey Cloud, and Republic, among others.
OrbitX Cards and the QAIX Alliance August also brought two product-level developments. The $XDC token went live on OrbitX corporate cards, extending its utility into everyday business payments. Separately, the network launched QAIX, a Quantum Computing and Artificial Intelligence Alliance built on XDC. The consortium brings together leaders across quantum computing, digital assets, financial infrastructure, and industrial robotics, with its main base in Manhattan and additional presence in Washington DC, Miami, and the San Francisco Bay Area.
The record transaction count sits against a broader push by XDC to position itself as a settlement layer for real-world assets, trade finance, and the emerging AI agent economy. The network is EVM-compatible and runs on XDPoS 2.0, a delegated proof-of-stake consensus mechanism, with support for up to 2,000 transactions per second.
Sources:
Finance Magnates: XDC Network Hits All-Time High in Monthly Transactions
Crypto Briefing: Clear Street Joins XDC Network as Institutional-Grade Validator
KuCoin: XDC Network Adds Hex Trust as Institutional Masternode Validator
Two Thai businessmen are suing Tether for freezing their USDT holdings worth tens of millions of dollars based solely on an informal US government request without any warrant or legal authority.
The complaint filed in federal court details how the stablecoin issuer targeted their Ethereum (ETH) addresses using its blacklist capability.
The plaintiffs had no contract or relationship with Tether.
“On October 30, 2025, Defendants used that power against Plaintiffs —strangers to Defendants, with whom Defendants have no contract and no relationship of any kind —freezing tens of millions of dollars of Plaintiffs’ USDT contained in Plaintiffs’ blockchain addresses at the informal request of a U.S. government agent, without any warrant, order, or legal process of any kind directed to Defendants, and without notice to Plaintiffs.”
A seizure warrant came more than three months later on February 19th, 2026, seeking to destroy the frozen USDT and reissue it to a government wallet.
The filing argues that Tether lacks legal possession or control over the assets and has no authority to maintain the freeze, which continues nine months later while the company profits from retaining reserves tied to the tokens.
Tether controls an on-chain blacklist via its addBlackList function, allowing freezes without court orders while investigations proceed, says a technical analysis.
“No court order is required for the freeze itself. Tether can freeze pre-emptively while an investigation is ongoing,” the analysis notes.
The Thai businessman is asking the court for restitution and disgorgement of all interest, yield, income, profits, and other benefits derived from the reserves attributable to the USDT in the addresses during the freeze period, and to impose a constructive trust over those amounts.
Trust Wallet just made it easier for Android users to spend their Cash App balance on crypto. The self-custody wallet now supports Cash App Pay as a funding method through MoonPay’s checkout system, extending a feature that previously launched on iOS.
The integration means eligible US users can purchase digital assets directly from their Cash App balance without punching in card details.
What the integration actually does Here’s how it works: when a Trust Wallet user on Android initiates a crypto purchase through MoonPay, Cash App Pay now appears as a payment option. Select it, authenticate with Cash App, and the funds pull directly from the user’s Cash App balance. No bank transfer delays, no card numbers floating around.
The crypto options available through this flow go well beyond what Cash App itself has historically offered. Cash App’s native crypto support was limited to Bitcoin and, more recently, USDC. Through this MoonPay integration, users can now access a broader set of assets including Ethereum, Solana, XRP, and Tether.
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Trust Wallet isn’t the only wallet benefiting from this arrangement either. MoonPay’s Cash App Pay integration also works with other self-custody wallets like Ledger and MetaMask, making this more of a platform-wide on-ramp than a single partnership.
The players and their incentives Three companies are involved here, and each gets something distinct out of the deal.
MoonPay is the payment processor sitting in the middle. The company has built its business on making crypto purchases as painless as possible, and it already supported funding through PayPal and Venmo before adding Cash App Pay.
Cash App, operated by Block (the company formerly known as Square), gets expanded crypto relevance without building new infrastructure. Block has been vocal about its Bitcoin-centric strategy for years, but this partnership lets Cash App’s roughly 59 million active users access a wider crypto menu through third-party partners rather than through features Block has to engineer, maintain, and take regulatory responsibility for.
Why the timing matters The broader context here is a fintech industry that’s steadily dissolving the boundary between traditional payment apps and crypto platforms. Venmo added crypto buying in 2021. PayPal launched its own stablecoin. And now Cash App is letting its balance function as a crypto funding source across multiple external wallets.
For Cash App specifically, the 59 million active user figure (reported as of June 2026) represents a substantial pool of potential crypto buyers who are already comfortable moving money digitally but may not have taken the step into crypto yet.
No immediate price impact was observed in major crypto assets following the announcement, which isn’t surprising. Infrastructure integrations like this tend to produce gradual adoption curves rather than sudden demand spikes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Trust Wallet has expanded its crypto purchasing options for United States users through the integration of Cash App Pay via MoonPay. The update aims to streamline the process for individuals looking to buy digital assets, reducing friction for those who already rely on Cash App for their financial transactions.
Cash App integration now available on iOS and AndroidThe company confirmed that eligible US users can now utilize their Cash App balance to buy cryptocurrencies directly within Trust Wallet through MoonPay. This feature, originally launched on iOS devices, is now available on Android as well, allowing access to a broader segment of the user base.
Traditionally, onboarding new users to crypto wallets has depended on debit cards, bank transfers, or third-party payment providers. These options often introduce extra steps and create points of potential transaction failure.
Through the new integration, users can connect their Cash App accounts to MoonPay, utilizing the funds already in their Cash App balance for crypto purchases. The process removes the need to manually input card details each time, offering increased convenience for millions of existing Cash App users.
Industry efforts to simplify crypto on-rampsThe launch of this feature aligns with a broader industry movement to improve fiat-to-crypto on-ramps and enhance mainstream adoption. As competition grows among self-custody wallets, providers are focusing on making crypto acquisition experiences as seamless as those in traditional digital finance.
For Trust Wallet, the Cash App Pay integration is a strategic move to attract individuals who are comfortable with Cash App’s interface but new to cryptocurrency. By simplifying the on-ramp, the company aims to draw more first-time buyers into the ecosystem.
MoonPay also broadens its reach by supporting another major payment option within one of the leading self-custody wallets.
Trust Wallet described the feature as a way for users to purchase digital assets without the need for traditional card payments, highlighting its commitment to eliminating barriers to entry for mainstream users.
Currently, access is limited to eligible US customers transacting in US dollars. Users must also ensure that both their Cash App and MoonPay accounts are registered under the same legal name to ensure successful transactions.
Tools for efficient trading and portfolio managementWith features like Cash App Pay simplifying payments, investors increasingly seek centralized platforms for monitoring their holdings and navigating rapidly changing markets. In a market where a single Fed decision or a sudden altcoin listing can change everything in seconds, jumping between different apps for charts, news, and portfolio tracking is costing investors money. Smart traders are now utilizing privacy-first tools like CryptoAppsy to consolidate everything. Without even the hassle of creating an account, users gain access to real-time charts, smart price alerts, coin-specific news, and critical macro data all on one screen.
While this payment integration will not necessarily drive direct shifts in cryptocurrency prices, it underscores ongoing industry efforts to lower onboarding barriers and widen access to the digital asset market. Expanding such features may ultimately play a pivotal role in supporting wider adoption.
The central question remains whether Trust Wallet will expand this integration beyond the US and add support for new regional payment methods as user adoption grows.
Should this rollout prove successful, similar partnerships and payment options could become standard across self-custody wallets as providers compete to offer faster, easier, and more accessible crypto on-ramps.
Injective is now one of the leading layer-1 blockchains by total value of tokenized assets onchain. Pineapple Financial has moved more than $1 billion in residential mortgage records onto Injective, turning a growing share of its historical loan book into digital records that can be inspected and verified onchain.
The company, listed on NYSE American as PAPL, is migrating funded residential mortgage records onto Injective. Each mortgage is represented by a metadata-rich onchain record tied to the underlying loan file, rather than repackaged as a new mortgage security.
Pineapple's stated goal is to migrate its entire historical portfolio over time: more than 29,000 funded mortgages which amount to more than $10 billion in value.
Mortgage markets move enormous amounts of debt, but the records behind them often remain fragmented across PDFs, email threads, and operational systems. Servicers, custodians, and counterparties may have to reconcile ownership and servicing information across separate databases, turning routine verification into a slow manual process.
Pineapple is changing the location and structure of the mortgage record itself.
What Is Being TokenizedThis is not a synthetic instrument designed to track a mortgage portfolio. Pineapple is converting records from a working mortgage loan book into standardized onchain data assets. The original mortgage remains within its legal and servicing framework, while the tokenized record provides an auditable digital counterpart that captures loan-level data, provenance, and update history.
That distinction matters because the practical value comes from giving authorized participants a consistent, verifiable record. Instead of maintaining separate copies and reconciling them later, the parties involved can inspect the same underlying information.
How It WorksEach tokenized record contains more than 500 data points, enough to make it useful for more than a timestamp or proof of existence. Structured loan-level data can support automated verification, real-time audit trails, more responsive risk analysis, and compliant sharing with institutions that need to inspect a portfolio.
The back-office workflow changes with it. A servicer or auditor can query a consistent record instead of assembling a picture from disconnected files, reducing the delays and duplication that make mortgage administration expensive.
Where Pineapple Fits in the Broader StackPineapple's migration illustrates why tokenization is not simply an issuance exercise. An asset needs a clear identity, rules governing who can interact with it, and records that remain aligned as it moves or changes.
Injective Mint, now live in private alpha, brings creation and administration into a single interface. Institutions can define an asset, configure holder and jurisdictional restrictions, assign administrative roles, and manage issuance or redemption without writing a custom contract. A deeper look into Injective Mint can be viewed here.
Pineapple's mortgage program is a distinct deployment, but it reflects the same shift from a standalone token toward an operating onchain asset. For securities, the record layer also carries a regulated function. On August 19, Injective Institutional Services became registered with the U.S. Securities and Exchange Commission as a transfer agent, and the registration is effective. That affiliated capability can support official securities ownership and transfer records alongside onchain settlement. It does not make Pineapple's mortgage records, or every asset created through Mint, a security; it gives institutions that issue regulated products another piece of the operational and regulatory infrastructure they need.
The Traction So FarThe migration is already measurable. Pineapple's dashboard reports 2,079 mortgage records onchain, compared with 1,259 at the December 2025 launch. Token Terminal lists PAPL0 at roughly $1.1 billion in asset market cap, an increase of about 48% over the past nine months.
That remains early against a target of more than 29,000 mortgages, but it is no longer just a proof of concept.
Pineapple is moving a live portfolio in public, one record at a time, with the progress available for anyone to follow.
Anchored by an INJ TreasuryThe mortgage migration is one part of Pineapple's broader relationship with Injective. Separately, the company established a $100 million INJ Digital Asset Treasury, giving it balance-sheet exposure to the network alongside its operational use of the infrastructure.
Pineapple stakes INJ from the treasury, with Kraken serving as a primary validator. The treasury and the tokenization program are distinct initiatives, but together they show a company committing both operating data and capital to the same financial rails.
See It For YourselfPineapple's tokenized book is public and independently trackable. Follow the live mortgage dashboard and view PAPL0 on Token Terminal.
About InjectiveInjective is the first blockchain purpose-built for finance, enabling users, institutions, and AI agents to trade, tokenize, and transact at scale. Proudly made in America, Injective provides foundational blockchain infrastructure for global markets, with embedded financial primitives spanning stablecoins, real-world assets, payments, and programmable perpetuals through a unified onchain engine. Injective is used by Fortune 500 companies, banks, fintechs, and governments to power an open economy where any asset can be accessed anytime, from anywhere. Builders can deploy across multiple virtual machines like WASM and EVM, connect to native financial modules, and launch markets with deep liquidity from day one. INJ is the native token powering the rapidly growing Injective ecosystem and the new internet economy.
Pineapple Financial (NYSE American: PAPL) has passed the $1 billion mark in mortgage records migrated onto the Injective blockchain, @injective confirmed on Thursday, marking a notable step in the Toronto-based fintech's push to move its entire loan book onchain.
A Loan Book Moving Onchain
INJ as a Treasury Reserve Asset The mortgage migration is one part of a broader commitment to Injective's ecosystem.
Sources:
CoinDesk: Pineapple Financial Starts Migrating its $10B Mortgage Portfolio Onchain via Injective
Newsfile: Pineapple Financial Announces $100M Injective Digital Asset Treasury Strategy
Blockchain.News: Pineapple Financial Tokenizes $1B Mortgages on Injective
CCP Games, the studio behind EVE Online, announced on October 8, 2025 that its upcoming space survival MMO, EVE Frontier, would migrate its on-chain infrastructure to the Sui Layer-1 blockchain. The move marks a significant departure from the game’s previous Ethereum Layer-2 setup, which ran on Redstone and MUD.
Why Sui won the pitch The core appeal comes down to architecture. Sui’s object-centric model and its use of the Move programming language map naturally onto EVE Frontier’s design philosophy, where every ship, outpost, and Smart Assembly is a discrete, owned object with its own state and history.
Transaction finality on Sui clocks in as low as 400 milliseconds, and the network processes transactions in parallel rather than sequentially.
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Sponsored transactions are the other major draw. EVE Frontier players won’t pay gas fees, because the game’s infrastructure absorbs those costs.
Sui’s zkLogin feature also figures into the onboarding calculus. It allows players to authenticate using existing social accounts rather than managing seed phrases.
From Ethereum L2 to L1: what changed and why it matters EVE Frontier’s prior stack, built on Ethereum’s Redstone L2 with the MUD framework, was a reasonable starting point. Moving to Sui’s L1 consolidates that stack into a single execution environment designed for parallel, high-throughput workloads. For a game planning to support up to 100,000 star systems, that headroom matters.
The partnership is with Mysten Labs, the team that built Sui. CCP Games brings more than two decades of experience running one of the most economically complex virtual worlds ever built.
The actual testnet migration happened in March 2026, tied to an in-game update called “Shroud of Fear.” The team ran a hackathon alongside the launch that drew 123 submissions.
The token layer and what it means for the economy EVE Frontier introduces an on-chain EVE Token, which is distinct from the game’s internal LUX currency. The EVE Token is the economic layer that lives on Sui and powers the broader ecosystem; LUX is the in-game medium of exchange players use day to day.
Earlier testing phases produced over 11,000 character creations, which is a meaningful data point for a game that hasn’t launched publicly.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@BitGo has extended its institutional custody infrastructure to the @Aptos network, announcing WalletConnect-powered connectivity for self-custody clients with @DecibelTrade, a decentralized exchange built on Aptos.
Custody Meets On-Chain Trading The move closes a longstanding gap in institutional crypto infrastructure.
Controls Remain Intact
The announcement fits into a broader push by @BitGo to bring institutional clients into DeFi without sacrificing compliance.
The Decibel integration follows earlier steps by BitGo to deepen its presence on Aptos.
Sources:
BitGo Supports Connectivity to Decibel (Business Wire via StockTitan)
BitGo Adds WalletConnect Support for Decibel Exchange Access (Investing.com)
BitGo Custody Support for Aptos Digital Asset Standard (BitGo Blog)
Bitcoin has now surpassed 79,900 dollars after Wednesday’s drop. BTC trades around 79,800 dollars, with a rise of more than 2% during the day. The movement also benefits several altcoins. Arbitrum continues its rally. The dollar declines in parallel and gives some breathing room back to risky assets.
In brief Bitcoin surpassed 79,900 dollars during the day. The Altcoin Season Index remains far from the threshold of a true altseason. Bitcoin now surpasses 79,900 dollars The rebound extends an already very strong August. Bitcoin gained nearly 25% and recorded its best August in nine years. On Thursday, BTC accelerated beyond levels seen a few hours earlier. The intraday high reached about 79,926 dollars. Bitcoin thus returns very close to 79,000 dollars after starting the day around 77,000 dollars.
The dollar helps. The DXY index declines while US stocks, gold, and several cryptos advance in parallel. Bitcoin ETFs remain more hesitant however. They recorded net outflows of 9.3 million dollars on Wednesday, after 239 million the day before.
On derivatives, positioning remains relatively light. Options show more optimism. Bitcoin calls at 82,000 and 84,000 dollars are among the most traded contracts on Deribit. Traders are therefore starting to look higher again.
Arbitrum accelerates much faster Bitcoin advances. Some altcoins run. Arbitrum also remains well oriented. ARB gained nearly 17% over 24 hours during Thursday’s first move, with a daily volume close to 486 million dollars.
A week earlier, this volume hovered around 50 million. ARB’s open interest also reached a record around 1.58 billion tokens. Other cryptos progress more slowly. Monero remains in the green. Pump.fun also advances. Uniswap is among the exceptions after its strong previous rally.
The performance of some altcoins gives the impression of a general rotation. The market is not there yet. The Altcoin Season Index remains much below the threshold of 75 generally used to talk about altseason. A large part of the main cryptos still must outperform Bitcoin over an extended period.
Bitcoin keeps its role as the locomotive on its side. Crossing 79,900 dollars now brings BTC closer to the 80,000 dollar zone, already tested several times since late August. Above lies the resistance observed around 82,800 dollars.
Altcoins are nevertheless beginning to attract more capital. The movement is not new: at the end of August, nearly 65% of volumes on Binance were already concentrated on altcoins, their highest level in two years.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
For years, the investment case for Arbitrum (CRYPTO: ARB) had an obvious problem.
Arbitrum was one of the largest Ethereum Layer-2 networks in terms of activity, liquidity, and institutional adoption. Yet ARB, its native cryptocurrency, remained difficult to value.
The network generated economic activity, while the token largely captured governance. However, that gap is now starting to close.
Robinhood (NASDAQ:HOOD) Chain went live on the Arbitrum technology stack on July 1. Less than two months later, the chain is processing more than $1.5 billion in daily decentralized exchange volume and has recorded a single-day fee haul of $3.75 million.
At the same time, ArbitrumDAO reported $6.19 million of income for the first half of 2026. More importantly, Arbitrum Expansion Program licensing fees generated $360,000 in July, representing 35% of the DAO’s income for the month in which Robinhood Chain launched.
That changes the investment debate, meaning the question is no longer whether Arbitrum can attract large companies since it already has.
The question is whether Arbitrum can turn that enterprise adoption into a durable revenue stream for its ecosystem and eventually improve the fundamental case for ARB.
Robinhood Just Became Arbitrum’s Biggest Proof of ConceptRobinhood Chain is important because it tests Arbitrum’s business model at scale. For those unfamiliar, the chain is built using Arbitrum’s technology and settles on Ethereum.
Because it operates under the Arbitrum Expansion Program, it returns 10% of net protocol revenue to the Arbitrum ecosystem.
That 10% is split between the Arbitrum DAO and the developer component, with 8% going to the DAO treasury and 2% allocated to development.
This means the headline $3.75 million fee figure should not be treated as $375,000 of direct DAO revenue. Furthermore, the contractual payment is calculated based on net protocol revenue after applicable settlement costs.
Even so, the scale of Robinhood Chain’s activity is difficult to ignore.
On Sept. 1, users paid approximately $3.75 million in fees on the chain. DEX volume exceeded $1.5 billion, while total value locked surpassed $800 million, according to DeFiLlama.
For a network launched on July 1, that is a remarkable ramp.
It also provides Arbitrum with something it previously lacked: a live demonstration that third-party companies can generate meaningful economic activity on its technology while simultaneously creating revenue for the broader Arbitrum ecosystem.
The Numbers Behind the ARB Re-RatingInterestingly, the market has begun to react. ARB traded around $0.084 at the end of August before climbing above $0.12 in early September.
On Sept. 2, the token closed around $0.14, according to historical market data, representing a 50% price jump over the past seven days
The move has also seen a notable increase in derivatives activity.
On Sept. 1, ARB futures volume jumped approximately 1,143% to $1.37 billion, while open interest increased 80.91% to $164.68 million, according to CoinGlass data reported at the time.
That combination is important since the ARB price action alone can be dismissed as speculation. Instead, the rising open interest that suggests that traders are allocating substantially more capital to the ARB trade.
However, leverage cuts both ways. If momentum continues, rising open interest can amplify upside.
If the rally reverses, the same leverage can accelerate liquidations and turn a healthy correction into a sharp drawdown.
That makes derivatives positioning one of the most important metrics for ARB holders to watch over the coming weeks.
Arbitrum Is Becoming an Infrastructure BusinessThe bigger investment thesis extends beyond Robinhood.
Arbitrum’s first-half report indicates that the ecosystem is developing multiple revenue sources instead of relying on a single fee stream.
The DAO generated $6.19 million in income during the first six months of 2026 from Arbitrum One transaction fees, Timeboost, Arbitrum Expansion Program (AEP) licensing fees, and treasury income.
The ecosystem also reported gross margins above 97% across its protocol revenue streams.
Meanwhile, Arbitrum processed 478 million transactions during the first half, taking lifetime transactions to 2.7 billion. Average monthly stablecoin transfer volume exceeded $70 billion.
Those numbers matter because they show that Arbitrum’s economic footprint is considerably larger than ARB’s market capitalization might suggest.
The ecosystem is no longer just competing to be another Layer-2 on Ethereum. It is increasingly positioning itself as blockchain infrastructure for financial institutions and large enterprises.
Robinhood is the clearest example. But it is not the only one.
Arbitrum’s first-half report also highlighted expanded activity involving LG, Mastercard, and PayPal, while more than 1,000 teams are now building across the ecosystem.
That creates a potentially powerful flywheel. This means more enterprise chains, economic activity, more licensing revenue, stronger DAO finances, and greater ecosystem investment
If that cycle continues, ARB could begin trading on a different fundamental narrative.
Why This Matters for ARB HoldersMeanwhile, the most important change is not that Robinhood Chain is generating high fees, but that Arbitrum has demonstrated a mechanism for monetizing demand for its underlying technology. It is that Arbitrum has demonstrated a mechanism for monetizing demand for its underlying technology.
Historically, investors had to evaluate ARB primarily through network usage, governance influence, ecosystem growth, and speculative demand.
Now there is another variable, which is the cash-generating infrastructure demand.
The DAO already holds more than $125 million in non-native treasury assets, according to Arbitrum’s first-half report.
That gives the ecosystem additional financial flexibility. However, ARB should not yet be treated as an equity-like claim on Arbitrum’s revenue.
That would be premature. The DAO controls the treasury. ARB holders participate in governance, but the token does not represent a conventional equity ownership claim on Arbitrum’s revenue.
Therefore, the bull case depends on an indirect value-accrual argument.
If higher protocol revenue strengthens the DAO, expands the ecosystem, attracts more developers, and increases demand for Arbitrum infrastructure, the market may eventually assign a higher valuation to ARB.
But that thesis still needs to be proven.
The Biggest Risk: Revenue ConcentrationStill, there is an uncomfortable detail beneath the Robinhood success story. Arbitrum’s new licensing revenue remains highly concentrated.
The $360,000 of AEP licensing fees represented 35% of ArbitrumDAO income in July, the first month Robinhood Chain operated on mainnet.
While that is impressive, it is also a concentration risk.
If Robinhood Chain’s trading activity falls sharply, the associated licensing revenue could decline. The bullish thesis, therefore, requires more than one successful enterprise chain.
Arbitrum needs to demonstrate that Robinhood is the beginning of a broader platform economy rather than a one-off success.
The positive news is that more than 30 Arbitrum chains already fall under the broader Expansion Program framework, according to the Arbitrum Foundation.
The question is how many of them can reach meaningful economic scale. That is the metric investors should watch.
The September ARB Unlock Adds Another TestOutside these factors, ARB also faces a supply-side challenge due to the upcoming token unlock, scheduled for Sept. 16.
Token unlock trackers currently show another scheduled release in September, although the exact date and allocation should be checked against the latest official vesting schedule before publication because different tracking services currently show different dates and amounts.
That uncertainty itself is a reminder of why investors should monitor circulating supply alongside price and volume.
A rising token price means little if new supply consistently absorbs demand. For ARB, the key question is whether organic demand from the ecosystem can outpace scheduled token emissions.
That makes three metrics particularly important:
ARB circulating supply growth ArbitrumDAO revenue Robinhood Chain and other Orbit-chain activity If all three move in the right direction, the current rally has a stronger fundamental foundation.
Arbitrum Price Analysis: Momentum Is Strong, But So Is VolatilityFrom a technical perspective, ARB’s current setup is more than a short-term momentum spike.
As shown below, the token has broken out of a multi-month accumulation structure around $0.070 and resolved a bullish pennant that formed after its initial impulse higher.
The breakout came with rising momentum, suggesting that buyers are attempting to turn the broader base into a sustained trend reversal.
Besides that, ARB has also reclaimed the 0.50 and 0.618 Fibonacci retracement levels at $0.11 and $0.12 and is now testing the 0.786 level near $0.14.
A sustained daily close above $0.14 would put $0.16, the previous swing high, in focus.
Clearing that resistance would expose the 1.618 Fibonacci extension, bringing the $0.20 psychological level into play. However, the move is becoming stretched.
The 14-day Money Flow Index (MFI) sits at 88.29, while the MACD remains bullish with an expanding positive histogram. Therefore, the crypto might experience increased volatility and potentially a retest of $0.12 before another leg higher.
Below that, $0.10 and $0.089 become key support zones. A daily close below $0.070 would invalidate the broader bullish structure.
What ARB Investors Should Watch NextThe Robinhood Chain story gives investors a useful checklist.
First, watch daily fees.
The $3.75 million record is impressive, but one day does not establish a trend. The more important question is whether Robinhood Chain can sustain seven-day and 30-day fee growth.
Second, watch DEX volume.
The chain recently exceeded $1.5 billion in daily DEX volume. Sustained activity would indicate that the network is developing genuine liquidity rather than benefiting from a temporary launch effect.
Third, watch AEP revenue.
This is arguably the most important metric for the Arbitrum investment thesis. If licensing revenue grows as additional chains scale, the market will have stronger evidence that Arbitrum has created a repeatable infrastructure business.
Fourth, keep an eye on ARB open interest.
Rising open interest alongside spot demand can reinforce a bullish trend. Excessive leverage, however, increases liquidation risk.
Finally, watch the token supply.
Revenue growth cannot automatically overcome persistent dilution. The best ARB setup would therefore combine rising ecosystem revenue, sustained enterprise-chain activity, increasing spot demand, and manageable token emissions.
In ConclusionRobinhood Chain has not suddenly turned ARB into an equity token. But it has changed the question investors should be asking.
For years, token utility, governance, and dilution dominated the debate around ARB. Now there is a more interesting variable:
How much economic value can Arbitrum capture from the companies building on its infrastructure?
Robinhood has provided the first compelling answer. In July AEP licensing fees reached $360,000 and accounted for 35% of ArbitrumDAO’s monthly income.
By September, Robinhood Chain was generating record daily fees of $3.75 million and more than $1.5 billion in daily DEX volume, as mentioned earlier.
These numbers are too large to dismiss. Still, the ARB bull case needs another phase of confirmation.
Robinhood must sustain its activity. Other Arbitrum chains must scale. AEP revenue must grow. And the market must absorb continued token issuance without destroying price momentum.
If those conditions converge, Arbitrum could shift from being valued mainly as a Layer-2 governance ecosystem to being valued as one of the leading blockchain infrastructure platforms for financial institutions.
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
Tether’s omnichain stablecoin protocol has quietly become one of the most heavily used pieces of infrastructure in crypto. Monthly USDT0 transfer counts climbed 438.2% over three years, with Polygon and Arbitrum One responsible for a combined 78.8% of all transfers.
The numbers behind the migration Polygon’s stablecoin activity in 2025 has been staggering. The network processed 452 million stablecoin transactions and 1.4 billion transfers, representing year-over-year growth of 140% and 227%, respectively. Its stablecoin supply reached $2.83B, making it one of the most liquid Layer-2 environments for dollar-denominated tokens.
Arbitrum’s trajectory looks equally aggressive. Daily stablecoin transfers on the network went from roughly 80,000 per day in early 2023 to over 2 million daily by late 2025. That’s a 25x increase in less than three years. Daily transaction volumes now exceed $5B.
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USDT0 itself crossed $100B in cumulative cross-chain transfer volume within just 525 days of its early 2025 launch. The protocol has attracted approximately 6.5 million active wallets.
Why Layer-2 networks are winning stablecoin flows Sending USDT on Ethereum mainnet can cost anywhere from a few dollars to tens of dollars during congested periods. On Polygon or Arbitrum, the same transfer costs a tiny fraction of that.
USDT0 leverages LayerZero’s cross-chain messaging infrastructure to enable seamless transfers between networks, allowing native transfers across supported chains with a single transaction rather than manual bridging.
Both Polygon and Arbitrum have also attracted integrations from traditional finance players. Revolut and Stripe have built payment capabilities on Polygon, providing on-ramps that funnel real-world payment demand directly onto the network.
What this means for the stablecoin landscape The competitive dynamics among Layer-2 networks themselves are also worth watching. Polygon and Arbitrum currently dominate with their combined 78.8% share, but newer networks like Base, Optimism, and emerging zero-knowledge rollups are all competing for stablecoin flows.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
An early Shiba Inu whale has resumed large-scale selling after a month of inactivity, moving nearly 600 billion SHIB worth $3.09 million.
According to Arkham data, the whale moved the tokens in two transactions. The whale first transferred 280 billion Shiba Inu tokens before sending another 320 billion SHIB in a separate transaction.
Notably, the whale sent both transfers to a Forwarder address associated with distribution activity, which subsequently moved the tokens to an address affiliated with BitGo. This transfer pattern suggests that the whale could be preparing the tokens for sale or exchange, potentially adding further selling pressure to SHIB.
Shiba Inu Whale Moves 600B SHIB Whale Bought 103 Trillion SHIB for $13,700 The whale’s history makes the latest transaction particularly significant. The address acquired 103 trillion SHIB in August 2020, around the time Shiba Inu launched. At the time, the whale spent just $13,700 to build the massive position, which represented 17.4% of SHIB’s total supply.
The investment later generated extraordinary gains. During SHIB’s all-time-high period in October 2021, the whale’s holdings reached a value of $9.1 billion.
Despite the enormous appreciation, the whale did not immediately liquidate its position. Instead, it sold only a portion of its holdings before becoming largely inactive for several years.
Dormant Whale Resumes SHIB Sales The whale has now returned to the market in 2026 and has gradually transferred portions of its enormous SHIB holdings.
Notably, the latest 600 billion SHIB movement follows a similar transfer previously linked to the same wallet. Before the latest transaction, the whale’s most recent SHIB sale occurred a month ago.
With these transactions included, the whale has sold approximately 10.06 trillion SHIB so far. Nevertheless, the whale still controls a substantial position. The address currently holds 93.27 trillion SHIB, worth around $485.94 million at a SHIB price of $0.0000052.
This means the whale could still exert significant influence on SHIB’s market dynamics if it continues moving large portions of its remaining holdings.
Whale SHIB Holding SHIB Exchange Inflows Signal Rising Distribution Meanwhile, the whale’s activity coincides with broader signs of increased SHIB distribution across exchanges.
According to CryptoQuant data, exchanges recorded a net inflow of 189.18 billion SHIB over the past 24 hours. In other words, wallets deposited more SHIB into trading platforms than they withdrew during the period.
Shiba Inu Exchage Flow Generally, investors transfer tokens to exchanges when they intend to sell, trade, or otherwise deploy their holdings. Therefore, sustained positive exchange netflows can indicate rising potential selling pressure.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
