MetaMask Expansion - MetaMask rolls out perpetuals trading, plans Polymarket integration.
Regulatory Shift - SEC aiming to formalize 'Innovation Exemption' by end of year, Chair Atkins says.
Coinbase Approval - Coinbase gains New York approval to offer crypto staking.
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In this episode of Fully Diluted, Messari’s Dylan Bane sits down with Injective Labs Co-Founder and CEO Eric Chen to discuss how Injective is building the next-generation blockchain for finance. They cover Injective’s high-performance architecture, new EVM compatibility, and innovations like pre-IPO perpetuals and RWA tokenization. Chen also explores the growing institutional interest in onchain assets, the rise of prediction markets, and how Injective aims to make DeFi accessible to mainstream users through speed, interoperability, and seamless user experiences.
Catch the full discussion on YouTube, Spotify, or Apple.
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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 Wireless (DeWi) / DePIN
Roam’s node count surged 427.5% YTD, reaching 6 million nodes across 3M+ users and 578M+ total check-ins
Over 14.98B points issued and 10.08B burned show a highly active, utility-driven ecosystem with strong conversion into ROAM tokens
Competes with Helium and other DeWi protocols but differentiates through focus on WiFi + eSIM, decentralized identity, and active user participation
DePIN / Decentralized Cloud
Integrations with Saga, Gensyn, Morpheus, and VPS AI deepened role in powering decentralized AI compute and agentic workloads
CPU usage rose 14% QoQ, while storage usage surged 41%, signaling broader adoption across smaller, non-AI workloads
Eight proposals funded $1.33M in core infrastructure, new provider tooling, and global events
Autonomys integrates:
(1) Storage: distributed blockchain & AI agent data storage network (Archive size up 16% QoQ (143 GB))
(2) Consensus: Proof-of-Archival-Storage + Proof-of-Time
(3) Decoupled Execution: modular domains for transactionsCumulative events up 67% QoQ to 172.1M,
July 2025 saw AI3 token transferability go live; Auto EVM (smart contracts) and Auto ID (identity/agent verification) expected in Q3