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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.
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Arbitrum DAO Votes $70M For Kelp DAO Relief - Arbitrum DAO passed a governance vote with 90.96% approval to release 30,765.67 ETH, valued around $70 million, for the Kelp DAO exploit recovery effort.
Stablecoin Card Spend Growing 100% YoY - Retail stablecoin card spending grew approximately 105% to 106% over the past year, according to Rain's John Timoney at Consensus Miami 2026.
Zcash To Roll Out Quantum-Recoverable Wallets - Zcash Open Development Lab CEO Josh Swihart announced quantum-recoverable wallets will roll out within a month, aiming for full post-quantum status within 12 to 18 months.
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 |
|---|---|---|---|
Render Network | 0.2% | Neutral | ⬆️ |
LAB | 0.14% | Bullish🐂 | ⬆️ |
Hedera | 0.19% | Neutral | ⬆️ |
Jupiter | 0.25% | Bullish🐂 | ⬆️ |
Sei Network | 0.44% | Neutral | ⬆️ |
Here are the top fundraising rounds that happened in crypto this week. Check out the complete list in our funding rounds section.
Balcony
Amount Raised
$12.70M
Date
5/07/2026
Investors
Spartan Group
Susquehanna International Group
Anchorage Digital
Stage
Seed
Global Settlement Network
Amount Raised
$11M
Date
5/06/2026
Investors
Outliers Fund
EdgeCase Capital Partners
Ubuntu Group
a16z Scout Fund
Liquidus Capital
Prevail Venture Capital Fund
Stage
Seed
OpenTrade
Amount Raised
$17M
Date
5/05/2026
Investors
a16z crypto
CMCC Global
Notion Capital
AlbionVC
Mercury Fund
Stage
Seed
AmericanFortress
Amount Raised
$8M
Date
5/05/2026
Investors
0G Labs
Moon Pursuit Capital
SAVA Investment Management
Stage
Seed
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: Jake Koch-Gallup · @immutablejacob · Research Analyst
Over 50 payments-focused applications on Polygon PoS facilitated $5.80 billion in transfer volume (+51.4% QoQ), while crypto card volume declined 47.9% QoQ to $143.4 million, highlighting divergence across payment verticals.
Stablecoin supply grew 21.3% QoQ to $3.55 billion, led by USDC and DAI, while non-USD activity diverged regionally, declining in LatAm but surging in APAC.
Chain fees grew 419.8% QoQ to $11.7 million, the highest quarterly value on record. Chain GDP increased 50.3% QoQ to $51.1 million, though App Revenue Capture Ratio fell 75.4% QoQ to 3.45x, signaling weaker relative value capture.
Polymarket reached a new ATH of $463.1 million in average daily open interest (+32.4% QoQ), continuing to anchor activity and revenue on the network.
Polygon doubled gas limits to 120M and surpassed 2,800 TPS through successive upgrades and the Lisovo hardfork, improving fee dynamics and enabling agent-native payments.
