Presented by

Today's News Recap

Victory Lap - Ripple's XRP surges as SEC drops case, CEO Garlinghouse declares victory.

Raydium Rockets  - Raydium token surges as Solana DEX teases new memecoin launchpad.

Rebrand Rally - EOS rebrands to Vaulta, spikes 30%, and shifts focus to Web3 banking.

New here? Ask Copilot up to 2 free queries per day with Messari Basic.

Top Assets

Messari Quarterly Reports

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.

From Our Sponsor

The power of tomorrow, tokenized. 

Uranium.io is the world's first platform for trading uranium, powered by Tezos. ⚡️ 

Unlike gold or silver, uranium’s market has high barriers to entry, with minimum order sizes of millions of dollars and thousands of lbs.

Tokenized uranium lowers these barriers, making ownership accessible without complex storage. Uranium, the asset powering the AI revolution, is now widely accessible. 🌍

Learn more at https://uranium.io/

Messari Research

DePIN Tokenomics Part 2: Finding the Right Balance for DePIN Token Rewards

Enterprise Sneak Peek

Balancing token rewards is critical to designing sustainable DePIN protocols that both overcome the cold start problem and endure in longevity. We dive deep into how DePINs have designed token rewards emission structures and what the results of these structures reveal so far. 

This report compares Physical Resource Networks (PRNs) vs. Digital Resource Networks (DRNs) rewards emission rates, the impact of markets and token price on protocol sustainability, node operator profit margins, and more. We conclude with recommendations on how to think about token reward structures for both DePIN builders and investors.

To read the full report, upgrade to Messari Enterprise.

Keep Reading