Drift Hacked In $285M Exploit By North Korean Hackers - Drift Protocol attributed the $285 million exploit with "medium-high confidence" to UNC4736, a North Korean state-affiliated hacker group.
Circle Secures Arc Blockchain Against Future Threats - Circle's Layer-1 blockchain, Arc, launching with post-quantum signature schemes to offer quantum-resistant wallets from mainnet deployment.
XRP Rises To $1.33 - XRP rose 1.08% to reach $1.3256, trading above the $1.30 level. Trading volume is 23.4% above its 7-day average, despite the move lacking a specific XRP catalyst.
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.
Ramses Exchange extends its incentive framework through Sarcophagus and AutoVaults. Sarcophagus links RAM supply reduction to trading activity through a burn mechanism funded by trading fees, while AutoVaults automate governance participation for xRAM holders.
Sarcophagus routes 5% of trading fees from Ramses liquidity pools into a contract where they accumulate until users burn RAM to claim them, linking token supply reduction directly to trading activity on the protocol.
Ramses reduces RAM supply through two independent burn mechanisms. One burn is triggered when users claim fees accumulated in Sarcophagus, while another occurs when RAM is converted into xRAM for governance participation.
AutoVaults automate participation in Ramses’ weekly governance voting process by pooling xRAM deposits and applying algorithmic voting strategies, allowing users to earn governance rewards without manually allocating votes.
By: Alice Hou, Matt Kreiser · @FBitach, @KreiserMatt · Research Analysts
Nexus embeds high-performance financial engines directly into the protocol through its co-processor model, moving exchange, margin, and liquidation logic from contract-level simulation into native execution.
The dual-execution architecture allows performance-critical financial workloads and programmable smart contracts to operate in parallel, avoiding the typical tradeoff between latency and composability.
The Nexus zkVM anchors execution to cryptographic proofs rather than full validator re-execution, positioning proof verification as the primary mechanism for scalable correctness.
With mainnet and exchange deployment in 2026, Nexus shifts from infrastructure buildout to market validation, where liquidity formation, and proof-generation efficiency will determine long-term viability. Central to achieving market validation are USDX, the native U.S. dollar stablecoin of the Nexus ecosystem, and the Nexus Exchange, a non-custodial, central limit order book (CLOB) embedded directly into the Nexus Layer 1 (L1).
The Nexus Exchange is designed to deliver CEX-parity performance in a more self-custodial, verifiable environment that can host and leverage high-frequency trading strategies, AI agents, commerce, and other economic activity.