Presented By:
The ideal infrastructure for agentic AI payments.
Powering the agentic AI economy.
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.
Tokenized Treasuries Hit $15B - Total Value Locked (TVL) in tokenized Treasuries has reached $15.35 billion, surpassing the previous peak from mid-April.
Charles Schwab Begins Rollout of Spot Crypto Trading - Charles Schwab has started rolling out spot cryptocurrency trading for its U.S. retail customers.
Korean Won Stablecoin Expands to Solana - Korean won-denominated stablecoin KRWQ is expanding its deployment to the Solana blockchain to boost onchain Korean won liquidity.
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 |
|---|---|---|---|
Starknet | 0.17% | Neutral | ⬆️ |
Injective Protocol | 0.2% | Bullish🐂 | ⬆️ |
Midnight Network | 0.2% | Neutral | ⬆️ |
River | 1.01% | Bullish🐂 | ⬇️ |
AAVE | 0.2% | Neutral | ⬇️ |
Here are the top fundraising rounds that happened in crypto this week. Check out the complete list in our funding rounds section.
Elliptic
Amount Raised
$120M
Date
5/12/2026
Investors
J.P. Morgan
AlbionVC
Evolution Equity Partners
One Peak Partners
Nasdaq Ventures
Deutsche Bank
British Business Bank
Stage
Late Stage Venture
Balcony
Amount Raised
$13.50M
Date
5/12/2026
Investors
The Rollup
Joe Flanagan
Lorenzo Romagnoli
Plasma
Sky Protocol
RedStone
Kairos Research
Stage
Misc.
Augustus
Amount Raised
$40M
Date
5/11/2026
Investors
Valar Ventures
Creandum
Stage
Misc.
Capital B
Amount Raised
$16.80M
Date
5/11/2026
Investors
TOBAM
Adam Back
Stage
Misc.
Agentic Monitoring
Build dashboards tailored to the assets and news you need. With agentic monitoring (built within Messari Monitoring), all you need is a simple prompt to get only the alerts important to you.
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.
By: Jonny Kreiser · @jonnytoshi · Research Analyst
Following the December 2025 security incident, the Flow Foundation completed a multi-phase remediation in Q1 2026, including 87.96 billion counterfeit FLOW tokens destroyed onchain (99.9% of the counterfeit balance), a 50.3 million FLOW buyback and burn (~3% of supply) executed in February 2026, and trading independently restored across more than a dozen global exchanges. Following Binance's restoration of FLOW deposits and withdrawals, FLOW rallied approximately 94% to $0.0742 over the following week, suggesting Flow’s efforts to secure the network and restore normal activity post-incident could carry constructive momentum into Q2’26.
NFT collection volume held steady in Q1 as NBA Top Shot grew 12.2% QoQ to $7.0 million and FanCraze increased 6.9% to $3.4 million. NFL All Day declined 19.3% to $2.6 million as the NFL season wound down, while MFL activity held roughly flat. NBA Top Shot saw multiple notable high ticket sales on the secondary market, including a Series 1 LeBron James #1/59 for $19,500.
FLOW's price fell 65.2% QoQ to $0.03 across two distinct shocks: an early selloff in January 2026 as the attacker liquidated recovered FLOW into onchain pools, and a March 2026 DAXA delisting from Upbit, Bithumb, and Coinone that drove a 55.2% drop in the days following. The drawdown was largely concentrated in Korean order flow.
Flow surpassed 40 million unique accounts and approached 950 million cumulative transactions in Q1'26, putting the network on track to cross 1 billion lifetime transactions in Q2'26, a threshold reached by only a small set of L1s to date.
Stablecoin supply fell 48.6% QoQ to $13 million, with outflows concentrated in January 2026 following the security incident. PYUSD partially recovered to $10 million by February 2026.
Developer and protocol-level activity held up through the drawdown. New contract deployments rose 25.2% QoQ to 303, full-time developer count held flat at 71, Flow recorded the highest winning-submission count at the Q1 PL Genesis hackathon, and the mainnet HCU delivered an approximately 20% improvement in execution throughput.
Nest is Plume’s flagship RWA protocol that allows users to deposit stablecoins into institutional-grade vaults to receive liquid-staking tokens that accrue yield based on underlying RWA performance.
On Nov. 4, 2025, Nest was upgraded to expand the vault set and redesign the platform interface.
On Dec. 11, 2025, Plume announced that five Nest vaults would be deployed on Solana, increasing the availability of stable yield options for DeFi users.
On March 5, 2026, Plume announced an integration with Solana-based stablebank Perena, enabling its USD* product to allocate to Nest vaults and embed RWA-backed yield directly into a stablecoin-like asset, signaling a shift toward yield-bearing stable assets as a core primitive in onchain finance.
On March 19, 2026, Plume announced a partnership with EtherFi to integrate Nest vault infrastructure into its platform, enabling access to RWA-backed yield for a user base with over $6 billion in deposits and positioning Nest as embedded yield infrastructure within consumer-facing crypto applications.
