Potential Next Fed Chair Has Crypto Portfolio - Kevin Warsh, nominee to replace Jerome Powell as Fed Chair, disclosed significant assets including stakes in Solana, Polymarket, and Blast via DCM Investments 10 LLC.

Virginia Governor Signs Law Protecting Dormant Crypto - Virginia Governor Abigail Spanberger signed HB 798, extending unclaimed property rules to cover digital assets, effective July 1, 2026.

EToro Acquires Crypto Wallet, Zengo - eToro has agreed to acquire crypto wallet provider Zengo in a deal valued at approximately $70 million.

Webinar Series: A Valuation of Polymarket (POLY)

Polymarket is one of the leading prediction market platforms, and with a POLY token likely launching in 2026, the central question for investors is whether the $20 billion FDV Polymarket was reportedly seeking on March 7, 2026 is justified. In this webinar, Messari senior research analyst Austin Weiler builds a ground-up fee multiple valuation across bear, base, and bull scenarios to find out.

Register here to attend.

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.

By: Austin Weiler ·  @0xWeiler · Research Analysts
  • On March 5, the Opinion Foundation held a Token Generation Event (TGE) for the OPN token, with 19.9% (198.5 million OPN) of the 1.0 billion total supply circulating at launch.

  • On March 14, Opinion.Trade launched Maker Rebates for sports, esports, and macro markets, which offer a maker rebate up to 50% on taker fees. From March 14 to March 30, the Foundation distributed $52,200 USDT in maker rebates.

  • In March 2026, the business sector led Opinion.Trade trading volume with a 28.3% share ($134.2 million), followed by politics at 25.1% ($119.3 million) and macro at 17.6% ($83.6 million).

  • On April 2, the Opinion Foundation launched its dispute resolution process using the OPN token, requiring disputers to deposit the greater of 1% of market open interest or 1,000 OPN, and rewarding 1:1 of the disputer’s committed deposit if correct.

  • From November 2025 to March 2026, Opinion.Trade surpassed $3.1 billion in monthly notional volume in four of the five months, and from Oct. 24, 2025, to March 31, processed $23.4 billion in cumulative notional volume.

By: Eric Manoukian ·  @CryptoRick98 · Research Analysts
  • Arcium is a decentralized encrypted compute network that uses multiparty computation (MPC) to process data without ever exposing it. Its Mainnet Alpha launched on Solana in February 2026, introducing Multi-Party Execution Environments (MXEs) as configurable virtual machines for encrypted workloads.

  • Umbra is a private wallet for Solana, powered by Arcium. It provides the infrastructure for private, secure, and compliance-ready transactions, making the onchain privacy experience seamless.

  • Arcium’s MPC is paired with Umbra’s zero-knowledge proofs (ZKPs) to combine encrypted compute with anonymity in a single stack.

  • Umbra is structurally different from earlier privacy tools because it combines private balances, unlinkable transfers, and composable encrypted shared state in one system. That gives Arcium a more credible application-layer proof point than a standalone mixer or isolated shielded product.

  • Umbra has two products. The Umbra Wallet is the consumer-facing product, designed as an everyday private wallet. The Umbra SDK allows wallets, DeFi protocols, and other Solana applications to integrate private payments, shielded interactions, and encrypted balances through a developer-friendly interface.

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