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Today's News Recap
Solana Spike - Solana jumps 15% to reclaim $200 as altcoin market heats up on treasury accumulation.
Legacy Leadership - VC firm Paradigm co-founder Matt Huang to lead Stripe’s blockchain project Tempo.
Burn Bounceback - OKX slashes OKB token supply by 50% with $7.6B burn, price surges.
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In Messari News
New Research Podcast
Ethereum’s on a tear — up over 45% in the last month — fueled by aggressive institutional accumulation from treasury giants like Bitmine and ESB. In this week’s episode, the Messari Enterprise team explores what’s driving ETH’s dominance, the macro backdrop with possible rate cuts on the horizon, and how GPT-5’s lukewarm reception could impact AI-driven markets.
They also break down the ripple effects across DeFi, restaking, and SocialFi, spotlighting Zora’s rapid ascent and the promising launch of Succinct’s ZK prover network. Whether you’re tracking the ETH vs Solana narrative or looking for the next on-chain trend, this episode offers a data-driven look at the forces shaping crypto’s current bull run.
Top Assets
Messari Protocol Reporting
Messari's protocol reports give you a deep dive on the foundation and state of top crypto protocols, including key metrics and notable events. See the complete list of protocol reports here and get a preview of our latest report below.
Layer-2 (L2) built on Optimism’s OP Stack; part of the Superchain for cross-L2 interoperability.
Unique contract callers surged 303% QoQ and daily active addresses rose 121% QoQ
Boba Ethereum dominated, driving 95% of transactions and nearly all usage gains
HybridCompute 2.0 live – enables native smart contracts to access offchain AI models, Web2 APIs, and enterprise data
Decentralized indexing protocol providing onchain data
Query volume hit an all-time high of 6.49B (+5.8% QoQ)
1,673 new Subgraphs launched (+46.3% QoQ) and active Subgraphs reached a record 14,023
Usage-based revenue increased 6.4% QoQ to $128.9K
Decentralized Physical Infrastructure Networks (DePIN)
19,000+ active Satellite Miners in 145+ countries, making it the world’s largest decentralized RTK (Real-Time Kinematics) network
Revenue rose 19% quarter-over-quarter to $963K, with annualized revenue approaching $3M
3.8M GEOD tokens were burned in Q2 (+67% QoQ), signaling steady usage and growing economic activity
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