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Today's News Recap
Aave Expansion - Aave Labs debuts Horizon to let institutions borrow stablecoins against tokenized assets.
Whale Wipeout - XPL futures on Hyperliquid see $130M wiped out ahead of the Plasma token's launch.
Thailand Tokenization - Thailand picks KuCoin to list world’s first tokenized government bonds.
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In Messari News
New Research Podcast
The Messari Enterprise team unpacks Helium Mobile’s decision to burn 100% of subscription revenue in HNT, the Fed’s dovish pivot and its ripple effects in crypto, record-breaking volumes on Hyperliquid, and the revival of prediction markets. The episode also explores Bio Protocol’s expanding ecosystem and the role of DeSci in reshaping funding. Packed with macro perspectives and sector insights, it highlights the narratives driving Q3 momentum.
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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.
XRP futures listed on Coinbase and CME, fulfilling SEC requirements for potential U.S. spot ETF approval this fall
Ripple’s RLUSD hit $65.9M (+49% QoQ), XRPL’s largest stablecoin; new stablecoins (USDC, EURØP, etc.) launched on XRPL
Tokenized treasuries, commercial paper, and real estate pushed XRPL’s RWA market cap to an all-time high of $131.6M.
XRP remains the 4th largest crypto asset ($132B market cap, +8.5% QoQ)
BNB Smart Chain – Main EVM-compatible L1 for smart contracts, DeFi, and governance
Market cap rose 7.5% QoQ to $92.6B
Daily transactions more than doubled to 9.9M, while daily active addresses rose 33.2%
DeFi TVL grew 14% to $9.9B. PancakeSwap dominated DEX volumes (85% share)
Top cross-chain aggregator for Solana and Bitcoin, leveraging a wide integration base of L1s, L2s, DEXs, and bridges
Transactions rose 24% QoQ to 1.1M
~7,600 daily active addresses (+7.3% QoQ), strongest growth on Ethereum and Base
Launched Rango Learning Center for devs/users; ran campaigns like Rango x Linea and Zealy Sprint, driving 60k+ cross-chain txs
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