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The Energy Network uses household devices to increase grid capacity. Launched by Fuse, a $400M ARR scale-up. Check out the first live product demo here.
U.S. spot bitcoin ETFs set for biggest week in 6 after adding $1.1 billion in three days - U.S. spot Bitcoin ETFs are positioned for their strongest weekly performance since mid-January, on track to break five consecutive weeks of net outflows.
Bitcoin slides Friday as risk-off mood persists, but majors hold weekly gains - Bitcoin traded around $67,766 on Friday, down 1.5% for the day, following a pullback in U.S. equities after Nvidia's earnings report.
Solana (SOL) falls 4.2%, leading index lower -The CoinDesk 20 index was pushed lower primarily by Solana (SOL), which experienced a 4.2% drop. Bitcoin (BTC) traded at $66,158.95, marking a 2.45% increase.
New Webinar Series - A Valuation of RAILGUN
Crypto valuation is still driven by narratives and multiples.
Join our live Messari session as we present a full intrinsic valuation of RAILGUN using observable onchain fee generation and explicit staker mechanics. We will walk from TAM and adoption to cash flow, terminal value, and per token intrinsic value across bear, base, and bull scenarios.
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: Whynonah · @whynonah · Research Analyst
Botanix currently operates as a Bitcoin Layer‑2 built on a federated validator model, where 16 independent validators manage block production and Bitcoin custody using a 12‑of‑16 multisignature system. This design prioritizes fast finality, low fees, and operational stability during the network’s early phase.
Botanix is evolving toward the Spiderchain, a trust‑minimized custody system where new multisignature vaults are created for each Bitcoin block with randomly selected signers. Over time, the network will transition from a federated model to an open, stake‑based validator system with penalties for misbehavior and dynamic validator selection, as outlined on the 2025-2027 roadmap.
The network will combine distributed key generation, threshold signatures, cryptographic randomness, and Schnorr signatures to secure Bitcoin custody without any single party controlling private keys.
Integrations with Chainlink, GMX, and Dolomite with Alchemy, Galaxy, and Fireblocks among federation members are helping to expand access and introduce DeFi automation.
By: Shale Ferdana · @0x_cloud · Research Analyst
Paradex is a privacy-first, onchain perpetual futures exchange designed to deliver institutional-grade market structure within a self-custodial environment. Users can trade over 100 markets with up to 50x leverage and access onchain financial tools such as automated yield-generating vaults.
The platform is purpose-built for privacy and mechanisms that facilitate a retail-first approach. These features include a multi-layered privacy stack, zero fees for retail traders, no auto-deleveraging, and retail price improvement.
Since its public mainnet launch in February 2024, Paradex has generated over $250 billion in cumulative volume with over $550 million in open interest as of Feb. 21, 2026. The platform aims to scale its ecosystem through expansion into spot markets, options, and real-world asset (RWA) trading.
The upcoming launch of the platform’s native token, DIME, is designed to maximize long-term community alignment. To ensure accountability, tokens allocated to the core team and Paradigm shareholders are subject to a performance-based unlock.
By: Eric Manoukian · @CryptoRick98 · Research Analyst
On Dec. 9, 2025, The Sandbox announced the invite-only beta for Corners, an internet capital markets (ICM) platform for content curation built on Base. Corners allows users to create topic-based curation of links from across the internet and organize them into “corners.” Each corner has its own ERC-20 token that grants holders voting power to upvote posts, surfacing the highest-quality content to the top of the feed.
Corners is a trading app built for social media content curators, traders, and everyday users. Curators promote quality content, traders speculate on Corner Coins as attention proxies, and non-crypto-native users engage with curated content.
Each Corner Coin has a fixed supply of 10 million tokens, traded through Uniswap V4 hooks, with a 3% fee that converts to SAND. 66% of fees are distributed to Corner Coin holders and 34% to the protocol treasury, routing trading activity into SAND-denominated rewards.
Corners extends the utility of the SAND token by making it the default asset across all Corner Coin liquidity pools. This design creates a token sink tied to corner creation and trading activity. Users can also pair Corners with USDC & WETH.
As of Feb. 18, 2026, Corners has 1,161 different corners and 5,935 unique users. Distribution partners included Farcaster, the Base App, ScribbleDAO, and Zerion.
