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Today's News Recap
CPI Coming Soon - Bitcoin traders eye $135K, Ether $4.8K in crosshairs as CPI data looms.
Paradigm Payments - Stripe building payments blockchain 'Tempo' with Paradigm.
Circle Spike - Circle stock pumps 11% on Q2 report of major revenue leap, new L1 blockchain.
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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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Two Bits
Filecoin: Unlocking Real-Time, Verifiable Hot Storage with PoDP
By: Armita
For most of its history, Filecoin has been known for large-scale, decentralized archival storage, often compared to AWS Glacier. This made it a strong choice for permanence and integrity, but retrieval speed was a limitation. Even when storage providers kept unsealed copies for faster access, there was no cryptographic way to confirm that those hot copies were actually available without performing a full retrieval. This made it less suitable for latency-sensitive workloads like AI inference or real-time web applications.
In May 2025, the network introduced Proof of Data Possession (PoDP), a cryptographic proof that allows storage providers to demonstrate they hold a complete, immediately available copy of data without unsealing or transferring it.
Here’s what PoDP changes:
From hours to sub-seconds: Retrieval latency drops dramatically, while preserving Filecoin’s verifiable integrity guarantees.
Verifiable hot storage: Availability is proven with lightweight, 160-byte challenges (CPU-friendly and cost-efficient).
Mutable collections: Clients can add, delete, or modify data without re-sealing entire sectors.
AI-ready performance: Enables dataset delivery and model fine-tuning at speeds suitable for inference and training workflows.
Broader use cases: Supports dApp frontends, real-time media delivery, developer environments, and protocol-defined retention policies.
Why this matters:
From trust-based to provable: Hot storage can now be offered with cryptographic assurances, enabling enterprise-grade service commitments.
AI alignment: AI pipelines, model training, and inference can run directly on instantly retrievable, verifiable datasets.
Ecosystem expansion: When combined with the Avalanche × Filecoin Data Bridge, PoDP can enable modular, verifiable data flows across multiple blockchain ecosystems.
Strategic implications:
PoDP moves Filecoin beyond “cold storage for Web3” into a multi-service, verifiable cloud layer capable of both archival and low-latency retrieval. This broadens the network’s potential workloads, from AI infrastructure to cross-chain data markets and performance-driven Web3 applications.
The launch of PoDP also reflects a wider trend in decentralized infrastructure: moving from single-purpose, niche services toward full-stack, enterprise-grade data solutions. By combining verifiability, speed, and interoperability, Filecoin shows that decentralized networks can meet the performance and trust requirements of AI, enterprise, and multi-chain ecosystems, potentially narrowing the gap with, and in some cases exceeding, traditional cloud capabilities.
