Today's News Recap
ETH Excels - Ethereum leads $286 million weekly crypto fund inflows, marking its strongest run since 2024.
Bitcoin Booms - DOGE, XRP, SOL show price bottoming as Bitcoin traders remain optimistic.
Big Buys - Metaplanet acquires 1,088 Bitcoin, increasing holdings to over $930 million.
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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.
Decentralized AI training platform
Staking-based participation model
Launched Web3 Agent Model
Rapid network growth
New Layer-1 with sub-second finality
Rapid DeFi growth to $1B TVL
FeeM monetization model
Stablecoin expansion with bridged and native assets
Decentralized derivatives/perpetual futures DEX
Onchain hybrid AMM + order book model for permissionless perp trading
Primarily deployed on Base (L2)
AI-powered trading, developer SDK for onchain financial infrastructure
Two Bits
An Introduction to Fluid
By: Troy Harris
Liquidity across blockchains and protocols is increasingly fragmented, causing inefficiencies and limiting interoperability. To address this, protocols focus on improving composability (how well they integrate with others), increasing capital efficiency (doing more with less), or amassing more liquidity (easier said than done). The latest DeFi innovation aiming to solve this challenge is Fluid.
Fluid’s Liquidity Layer unifies liquidity across the DeFi protocols built on it, improving composability and capital efficiency. Currently, Fluid has three in-house protocols that use its Liquidity Layer: a lending protocol, a vault protocol, and a decentralized exchange (DEX) protocol.
The lending protocol allows users to lend assets to the Liquidity Layer in exchange for yield, while the vault protocol enables the creation of overcollateralized debt positions through asset locking and borrowing. The DEX protocol facilitates asset swaps within the Liquidity Layer and introduces Smart Collateral and Smart Debt. These features enable collateral and debt from the Vault protocol to simultaneously be liquidity provisions for the DEX protocol, transforming idle assets into productive ones and significantly boosting Fluid’s capital efficiency.
To date, Fluid’s Liquidity Layer, lending protocol, and vault protocol have been deployed on Ethereum, Arbitrum, Base, and Polygon, while Fluid’s DEX protocol has been deployed on Ethereum, Arbitrum, and Polygon. The Fluid protocol is governed by the Fluid DAO, which is controlled by FLUID tokenholders.
If you want to learn more about Fluid, stay tuned on X and check out the Messari homepage. The full report is coming soon.