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Today's News Recap
Crime Stoppers - Binance, Coinbase among first members to join TRM Lab’s crime-stopped Beacon Network alongside law enforcement.
Stablecoin Debate - Crypto lobby pushes back against bank effort to rewrite U.S. stablecoin law.
New Solana Launchpad - New Solana launchpad, Token Mill, bets traders (mostly) care only about price pumps.
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In Messari News
New Research Podcast
In our latest Unqualified Opinions episode, Messari’s Whynonah sits down with Chainlink’s CBO Johann Eid to discuss the evolution of Chainlink, the importance of focus when building in crypto, and why tokenization is driving the next wave of institutional adoption.
Johann shares how Chainlink grew from solving the oracle problem to enabling interoperability across chains and connecting TradFi to Web3. With global institutions now embracing digital assets and tokenization accelerating at record speed, Johann explains why this cycle is unlike any before.
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.
mSOL (Liquid Staking) – Tokenized staked SOL usable in DeFi (lending, LPs, structured yield)
11.1M SOL staked total across its three products, with Marinade Native (5.3M SOL, +21% QoQ) surpassing mSOL in TVL
Marinade Select launched in June, attracting 845K SOL and is included in proposed Solana ETFs
mSOL usage in DeFi grew 6.2% QoQ to 1.2M mSOL
Solana DeFi TVL rose 30% QoQ to $8.6B, driven by Kamino and Raydium
App Revenue Capture Ratio jumped to 211%
New Alpenglow upgrade is set to cut finality latency from 12.8s to ~100–150ms, a 100× performance boost
Circulating market cap rose 30% QoQ to $82.8B
Decentralized derivatives exchange on Base using the Oyster AMM
Launched WTI crude oil and gold perpetual markets on Base with USDC settlement,
Up to 10x leverage, and pricing from Pyth (WTI) and Chainlink (gold)
Rolled out “Synthia,” an AI agent enabling onchain swaps and transfers via natural language commands on X
From Our Sponsor
Introducing the Chainlink Reserve—a strategic reserve of LINK tokens designed to support the long-term growth of the Chainlink Network by accumulating LINK using offchain revenue from large enterprises adopting Chainlink and onchain service usage. Through a unified platform offering, Chainlink is uniquely positioned to power and benefit from the growing tokenization trend as more and more of the world’s largest financial institutions adopt blockchain to tokenize trillions of dollars of assets onchain.
