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Founded in September 2017, the TRON blockchain has experienced significant growth since its Mainnet launch in May 2018.
Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, which currently exceeds $86 billion.
As of April 2026, the TRON blockchain has recorded over 376 million in total user accounts, more than 13 billion in total transactions, and over $27 billion in total value locked (TVL), based on TRONSCAN.
Clarity Act Passes U.S. Senate - The Clarity Act has cleared the U.S. Senate after bipartisan approval and now advances to the final hurdle.
Cardano Whales Now Hold 67% of ADA - Cardano whales now control 67.47% of the circulating supply (25.09 billion tokens).
Why Wall Street Wants to Tokenize the Stock Market - Tokenization promises 24/7 trading and near-instant settlement for securities, potentially cutting back-office costs associated with legacy systems.
Get a complete view of the largest gainers, losers, and topics with Messari’s Signals Tracker, based on mindshare and sentiment.
Asset | Mindshare% | Current Sentiment | 1 Week Change |
|---|---|---|---|
Lido DAO | 0.23% | Neutral | ⬇️ |
Bitget Token | 0.51% | Neutral | ⬇️ |
Venice Token | 0.36% | Neutral | ⬇️ |
Troll | 0.87% | Bullish🐂 | ⬆️ |
Flare Network | 0.43% | Bullish🐂 | ⬆️ |
Agentic Monitoring
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Agentic monitoring provides a filter, cutting the unnecessary noise that floods the crypto market.
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.
On Jan. 29, OP Labs launched OP Enterprise, a managed blockchain infrastructure product structured across three tiers (Fully Managed, Self Managed, and OP Mainnet) with Unichain and Celo as the first two customers. Institutional demand for dedicated OP Stack chains grew in 2025, but the operational overhead of launching and maintaining a chain deterred many prospective operators. OP Enterprise allows institutions to own and operate dedicated chains without building blockchain operations in-house.
On March 26, Bitpanda announced Vision Chain, the first chain deployed under the Fully Managed OP Enterprise tier, built to support tokenized asset issuance, Euro stablecoin deployment, and regulated DeFi applications for European financial institutions.
On April 15, ether.fi migrated its Cash product to OP Mainnet with zero downtime, adding $220 million in TVL and positioning OP Mainnet as a home for payments-oriented DeFi.
In Q1 2026, Chain GDP totaled $144.8 million across the top five OP Chains, down 29.9% QoQ from $206.5 million in Q4 2025, as a broader crypto market downturn reduced trading and lending activity across the OP Stack. Ink’s GDP grew 776.9% QoQ from $254,200 in Q4 2025 to $2.2 million in Q1 2026, driven by growing activity on Tydro.
On April 7, Sunnyside Labs launched Privacy Boost, the first privacy infrastructure built natively for the OP Stack to enable confidential onchain transactions with sub-500ms proof generation and 1,800 tps throughput. The product targets regulated institutions that have kept treasury, payroll, and counterparty positions off public blockchains due to ledger transparency, and on April 28, Soneium became the first OP Chain to announce a planned integration.
By: Jonny Kreiser · @jonnytoshi · Research Analyst
Tezos X became publicly testable for the first time in Q1 2026. Tezlink Shadownet launched on Jan. 26, 2026, as the first public testnet for the Michelson runtime component of Tezos X, joining Tallinn's mainnet activation and Ushuaia's stabilization phase to establish a predictable cadence toward full Tezos X mainnet activation.
Ushuaia's headline feature is a 15x expansion of Data Availability Layer (DAL) bandwidth. Tezos' 21st protocol upgrade proposal entered stabilization on Mar. 19 with DAL bandwidth rising from 0.66 to 10 MB/s, dynamic DAL attestation lag reduction, WASM PVM v6 for Etherlink storage, and feature-flagged enshrined liquid staking (sTEZ) and post-quantum tz5 signatures.
Uranium.io's Q1’26 resilience validates the RWA-on-Etherlink thesis, and metals.io extends the blueprint. Uranium.io grew 1.2% QoQ to $7.3 million and expanded its share of Etherlink DeFi TVL from 10.6% to 14.7% in a quarter that saw total Etherlink DeFi TVL fall 27.2%, while Trilitech's launch of metals.io extended the same custody-and-compliance stack to physical gold (VNXAU) and a basket of strategic and rare-earth metals.
Bitnomial's launch of CFTC-regulated XTZ futures brought Tezos into U.S. institutional derivatives for the first time. Combined with Ledger's native Etherlink integration and Meria's baker addition, Q1 2026 extended Tezos' regulated-exposure surface across U.S. derivatives, hardware-wallet custody, and AMF-supervised European staking infrastructure within a single quarter.
Tezos has had production-grade shielded transactions live since 2021, ahead of peer networks now shipping privacy primitives in 2026. As Stellar's X-Ray activated in January 2026 and Midnight launched its mainnet, Tezos' Sapling-based stack, including Umami and Shield Bridge, has nearly five years of operational history behind it.
