Messari · 764

The amount of USDT issued on the Bochang TRON chain surpassed Ethereum and then entered the world's largest USDT distribution network

According to official Tether data, as of August 13, 2026, USDT on the Bochang TRON network chain once again increased by 1 billion US dollars, reaching 91.2 billion US dollars. The circulation volume once again surpassed the amount of USDT issued by the Ethereum network (90.3 billion US dollars), ranking first among blockchain networks. This historic milestone marks the further consolidation of Wavefield TRON's dominant position in the stablecoin field, and once again confirms the continued appeal of low-fee, high-efficiency settlement networks to global stablecoin funds. From trading assets to settlement tools, TRC20-USDT usage scenarios continue to expand the growth of USDT on the TRON chain, starting with sustainable real usage requirements. As of August 2026, the distribution volume of TRC20-USDT on the Bochang TRON network officially exceeded 91.2 billion US dollars, setting a new historical record. During the year, a total of about 10 billion copies were added, and the number of accounts held reached about 75.47 million. This size has enabled Wavefield TRON to carry half of the world's USDT issuance for a long time, accounting for about 50%. Judging from the usage structure, the actual payment attributes of Wavefield TRON are becoming more and more clear. According to CoinDesk Research data, in the first quarter of 2026, the average quarterly daily active account value of Bochang TRON rose to about 3.2 million, a new quarterly high. Meanwhile, in retail USDT transfers under $1,000, Bochang TRON's share is about 50%. It still maintains a dominant position in the $1,000 to $100,000 range, and continues to strengthen its “friendly” public chain position for retail and small to medium value settlement. This means that one of the main uses of USDT on Wave Field TRON is always the actual transfer of value between wallets. Looking at a longer period of time, the scale of on-chain transfers and settlements confirms this judgment. According to a research report released by Messari, in the first quarter of 2026, the amount of USDT transfers processed by the Bochang TRON network reached about 2.04 trillion US dollars, and the total number of transactions across the network was about 950 million. The average daily transactions rose from about 10.2 million in the previous quarter to about 10.9 million, which also set a new quarterly record; since 2026, Bochang TRON has led all public chains with annual USDT transfers of about 4.2 trillion US dollars. It depicts not a ledger within a single trading platform, but rather a scenario where multiple wallets directly transfer value on a public blockchain. Specifically, an overseas worker can send USDT to a family's wallet, and the payee can exchange it for local currency; cross-border e-commerce merchants can use USDT to settle with suppliers to reduce the impact of bank business hours and intermediary processes; freelancers can receive rewards from overseas customers and confirm on-chain payments within minutes; and digital asset service providers can transfer liquidity between exchanges, custodian wallets, and market-making accounts. The amount and purpose of the different cases are not the same, but the common requirements are fast payment, transparent fees, and 24/7 operation. Furthermore, cost stability is particularly important in a market environment where network fees fluctuate drastically. Since August 2025, Bochang TRON passed Governance Proposal No. 104 and lowered the unit price of energy by about 60%, on-chain transfer costs have been further reduced. Ecological access and secure collaboration go hand in hand. Whether the stablecoin infrastructure continues to improve and the stablecoin network can develop over the long term depends not only on circulation volume, but also on entry coverage, depth of liquidity, developer support, and risk management capabilities. Wavefield TRON is simultaneously constructing infrastructure in these directions. In terms of application entry, wallets, trading platforms, payment service providers, and DeFi protocols have extensive support for TRC20-USDT, enabling users to deposit, withdraw, transfer, exchange, and interact on the chain relatively easily. As new stablecoins such as USDD are integrated into the TRON ecosystem, stablecoin asset types have been further enriched; agreements such as JustLend DAO have extended the use of stablecoins to collateral and loan scenarios. Stablecoins are gradually shifting from a single transfer tool to the underlying asset for on-chain financial activities. In terms of user experience, mechanisms such as GasFree try to solve a common pain point: although new users hold USDT in their wallets, they may not be able to initiate transactions because there are no native tokens. By supporting stablecoins to pay associated network fees, these solutions help simplify the first-time usage process. For merchants, wallets, and payment applications, reducing the cost of user understanding bandwidth, energy, and native Gas tokens will also help stablecoin services enter a wider range of consumer scenarios. More importantly, scaling up needs to be synchronized with security governance capabilities. In September 2024, Wavefield TRON, Tether and TRM Labs joined forces...

9d agoburnking

The data confirms that the copycat is dead: only 4% can outperform Bitcoin holdings, of which 3 become platform coins

Comparing news, Blockworks Research/Messari spread the harsh odds of altcoin investment in front of the market in the latest report. The data shows that between 2020 and 2025, of the 1,972 tokens that surpassed 50 million dollars in circulation, only about 4.1% eventually outperformed Bitcoin, which is equivalent to only about 1 out of every 24 tokens entering the eyes of investors, only about 1 can beat the BTC passive holding strategy. The report, entitled “One in Twenty-Four: The Harsh Realities of Liquid Token Investing,” uses a sample of all tokens that have reached a market value of 50 million dollars. The data sources are CoinGecko and Blockworks Research, and projects that have died out and been removed are included. According to the report, if the price at the end of the month after first reaching a market value of 50 million US dollars is used as the entry price, and if the token falls below 10% of the entry price, it is found that the decline rate of newly issued tokens has accelerated markedly in recent years. Within about 30 months of the 2024 batch, nearly 90% of the tokens have fallen by more than 90% from the entry price; the 2021, 2022, and 2023 batches also showed a similar downward path. The median number of token batches from year to year was even more impressive. As of June 2026, the 2020 median batch was reported at -94%, outperforming BTC by only 2%; the median batch report for 2021 and 2022 was -99%; 2023 was -97%; and 2024 was -98%. The 2025 batch was temporarily -88%, outperforming the BTC ratio by 19%, but the report chart specifically shows that this batch is still at a young stage, and the performance after the full cycle remains to be seen. Notably, the performance of established tokens that entered the market before 2020 was relatively exceptional. The report chart shows that this group of survivors reported a median rate of about -58% since entering the market, outperforming BTC by 12%, which is significantly better than most new token batches since 2020. A few winners also showed a high level of concentration. The report chart shows that of the 22 tokens that have a history of at least 24 months and have outperformed BTC, centralized exchange platform coins account for 32%; of the 1,305 corresponding samples, platform coins only account for 2%.

17d ago

Crypto companies are being sold at low prices, how can giants use the bear market to break the bottom of the layout?

Author: Blockchain Knight Original title: Crypto companies are being frantically bought by giants, good or bad? A bear market is often a golden period for giants to quietly do big things. The past month has seen at least 5 typical takeovers in the crypto industry. Upbit operator Dunamu acquired 2% of shares from Samsung Securities; Robinhood bought WonderFi for $180 million to enter the Canadian crypto market; Figure spent $717 million to acquire Kiavi to enter on-chain real estate credit; asset management giant Franklin bought 250Digital to establish Franklin Crypto; and of course Messari, which was sold on big sale. The most shocking thing is Blockworks's acquisition of Messari. Messari, which was valued at $300 million at the end of the 2022 bull market, is now being sold for over $10 million, with a discount of more than 90%. Once overvalued crypto startups faced extreme pressure on survival and cash flow, media and data giants with steady cash flow like Blockworks could devour competitors and complete resource integration at extremely low costs. In the face of increasingly stringent global regulations, giants are no longer choosing to break in, but are rapidly expanding by acquiring local licensed institutions that have been verified by regulations. For example, WonderFi has two senior Canadian compliance platforms, and Robinhood directly bought tickets to enter the Canadian market and 300,000 ready-made users. Similarly, Upbit is the best compliant exchange in Korea. Traditional brokerage giants directly participate in shares, paving the way for the future opening of traditional finance and crypto assets. Figure's acquisition is the most recent transaction, and it sends a signal that RWA has evolved from the storytelling phase of the past to a true 10-billion-level traditional asset chain. Kiavi can bring in over $7 billion in transactions each year, and Figure directly integrates its residential loans into the on-chain capital market, which means blockchain technology has been recognized for its value as the next generation of financial settlement. Franklin Crypto clients, on the other hand, clearly point to pensions and sovereign wealth funds. This type of institutional capital manages trillions of dollars. In the past, it was impossible to touch crypto assets due to compliance and risk control, but now Wall Street directly customizes active management strategies for them. For giants with strong strategic strength such as Samsung, Robinhood, and Franklin Templeton, a bear market is not scary; on the contrary, it is the best time to enter the market. In a bull market, any mediocre project can call out a valuation of hundreds of millions of dollars; if the giants go in, they just take over the deal. In a bear market, the market bubble is squeezed out, and you can use 1/10 of the original price to buy the other party's technical architecture and compliance team that took years to establish. Furthermore, the bull market is full of speculation, and when retail investors leave the market in a bear market, giants can also use this gap period to test various types of infrastructure. Financial giants usually look at the macro-cycle of 3-5 years. With the implementation of the global crypto tax framework and compliance laws, the crypto industry is moving from the Wild West to institutionalization. Once the global macroeconomic cycle changes and liquidity improves in the future, they will be able to reap most of the dividends, leaving latecomers far behind. The current wave of acquisitions is a handover ceremony for the crypto industry's transition from a reckless era to compliant infrastructure. It's both cruel and real. Twitter: https://twitter.com/BitpushNewsCN比推 TG Community: https://t.me/BitPushCommunity比推 TG Subscriptions:... https://t.me/bitpush

44d agoburnking#Upbit #Samsung Securities #takeovers

Data: There were only 2,932 active jobs in the crypto industry in the first half of 2026, a sharp drop of more than 97% from the 2022 peak

According to Tiger Research's latest report, as of June 18, 2026, there were only 2,932 active jobs in the crypto industry, a sharp drop of more than 97% compared to the peak estimate of around 130,000 in 2022. The report shows that the wave of layoffs in the crypto industry continued in the first half of 2026. Among them, March was the month with the highest concentration of layoffs, including Gemini, Crypto.com, Algorand, OP Labs, PIP Labs, and Messari, which announced layoffs at the same time. Some companies were bought at low prices after multiple layoffs. For example, after three rounds of layoffs, Messari was acquired by Blockworks for about $10 million in June 2026, and its previous valuation had reached $300 million. Looking at the recruitment structure, centralized exchanges (CEX) account for the highest share of jobs, reaching 30.8% (904), mainly contributed by OKX, Bybit, and Binance. The stablecoin and payments sector accounts for 13.4%, but it is highly concentrated in Tether and Ripple companies. Furthermore, the demand for AI skills for jobs continues to rise, and the percentage of cryptocurrency job postings that mention artificial intelligence skills rose from 23% in early 2025 to 53.1% in March 2026. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

54d agoburnking

Tiger Research: Crypto employment report for the first half of 2026, the most stable job is actually...

Source: Tiger Research Authors: Henry Kim and Ryan Yoon Compiled and edited by: BitPushNews Key Findings The cryptocurrency job market has yet to recover to its peak in 2022. According to Coincub data, the number of new cryptocurrency jobs reached 66,494 in 2025, a 47% rebound from the previous year, but still below the 2022 high. The contraction intensified in 2026, and newly posted jobs on mainstream recruitment platforms fell by about 80% year-on-year in January. Of the 2,932 active job postings in the first half of 2026, engineering jobs ranked first with 34.1%, while compliance/legal positions ranked second with 10.4%. Active job postings focus mainly on regulatory compliance and technology development. From an industry perspective, centralized exchanges (CEX, accounting for 30.8%) and the stablecoin/payments sector (13.4%) together account for nearly half of recruitment demand. The gaming and NFT sector accounts for 2.4%. In the past, the market was driven by token sales, and recruitment demand focused on community and token sales positions. As the market shifts to institutional participation, the ability to manage product operations and regulatory compliance becomes increasingly important. 1. Peak recruitment in 2021-2022 and current market position The most active recruitment period in the cryptocurrency sector is from the end of 2021 to the first half of 2022. At the time, Bitcoin and Ethereum reached record highs, NFT trading volume surged, and DeFi's total hedged value (TVL) reached hundreds of billions of dollars. Centralized exchanges have aggressively expanded to support global business operations. At the time, Coinbase had over 250 vacancies, Kraken over 300, and Binance over 600. DeFi protocols and the NFT marketplace have simultaneously absorbed large numbers of engineers and marketers, and the GameFi craze has also brought game studios into the recruitment pool. At the time, “expansion” took priority over “proof of profitability.” Beginning in the second half of 2022, the number of new job postings dropped dramatically. Between 2022 and 2023, crypto-related jobs in North America and most of Europe fell by around 40%. The downturn of FTX was exacerbated by the collapse of FTX in November 2022, and the market has not been able to return to peak levels since then. To assess the current state of cryptocurrency recruitment and interpret market direction from the data, Tiger Research has compiled an exclusive data set of 2,932 active job postings (as of June 2026). The data is collected through manual tracking of web3.career, cryptocurrencies jobs.co, direct recruitment pages of major companies (Greenhouse, Ashby, and Lever), and local Korean recruitment platforms (Wanted and Jobkorea). DAO contributor roles, freelance jobs, and contractual arrangements are not included. 2. Mainstream crypto companies continued to lay off workers in the first half of 2026 and restructuring began long before the first half of 2026. Wisely and Consensys made layoffs in the second half of 2025, a trend that continued to major exchanges including Coinbase, Gemini, Crypto.com, and Kraken in 2026. March was the month with the highest concentration of layoff announcements for the first half of 2026. A total of six companies announced layoffs in the same month: Gemini, Crypto.com, Algorand, OP Labs, PIP Labs, and Messari. In the first quarter of 2026, geopolitical tension caused by the situation in Iran coexisted with broader market weakness, and companies that needed to reset their strategic direction seemed to use March as a starting point for action. The reasons for layoffs vary from company to company. Algorand mentioned the macro environment and the decline in token prices. Crypto.com and Gemini point to artificial intelligence (AI) integration. Coinbase announced a shift to becoming an “AI native company.” For some companies, repeated layoffs eventually led to acquisitions, and the purchase price was only a fraction of their previous valuation. Messari went through three consecutive rounds of layoffs starting in 2023, and was sold by Blockworks for about 1,000 in June 2026...

60d agoWendy#CEX #Tiger Research #Exchanges #compliance #employment #layoffs

The 300 million valuation is a thing of the past, and the market is repricing

Author: Bibi News Original title: Reproduction of signals at the bottom of history? Messari, valued at 300 million, sold for 10 million. Messari used to be the crypto industry's closest data platform to Bloomberg. At its peak, it was valued at 300 million US dollars. Its founder, Ryan Selkis, was the first to reveal that Mt. Gox is insolvent. After becoming famous, he founded Messari with the goal of incorporating data, research, and disclosure from the crypto world into a professional platform. It covers more than 40,000 crypto assets, and the Mainnet conference held every year in New York is one of the industry's most important summits. In September 2022, hedge fund giant Brevan Howard's crypto division led its Series B financing, followed by Point72 and Coinbase Ventures, with a valuation of about $300 million. On June 12, 2026, Messari was bought by rival Blockworks at a price of around $10 million. This isn't the current state of a company. When the primary market valuation and the coins in your wallet are shrinking drastically, is the entire crypto industry's collective repricing? Crypto companies collectively shrink in July 2024. Messari founder Selkis resigned as CEO due to a series of controversial remarks, and co-founder Eric Turner took over. Turner also left in March 2026, and CTO Diran Li took over. At the same time, the company made large-scale layoffs, turned a U-turn to AI, and announced that it would become an AI-first company. But AI is not only the direction of transformation for Messari; it is also one of the reasons for its decline. The core products sold by Messari are research reports and data collation. In the past, an analyst spent a week writing an industry report, but now it can be completed in a few hours using AI tools. When research costs are close to zero, it is difficult for businesses selling research reports to receive any more money. This is not a cyclical difficulty; it is a structural threat. Eventually, Messari's data platform and API were merged into Blockworks, and the eight-year entrepreneurial story came to an end. But Messari is no exception. From 2025 to 2026, a quieter and deeper change is taking place: companies that don't issue coins and make money by selling products and services can't hold up. The data platform is closing its doors. DappRadar, which has been in operation for seven years, tracks more than 18,000 decentralized applications on 93 chains, uses 500,000 monthly users, and announced its shutdown in November 2025 due to “financial unsustainability”. The on-chain analysis platform Parsec has been in operation for five years and shut down in February 2026. CoinGecko is currently negotiating the overall sale and has hired investment bank Moelis as an advisor. The media is underselling or layoffs. CoinDesk, the benchmark for crypto media, was once rumored to sell for 300 million US dollars, cut 45% of the editorial team in August 2023, and was bought by Bullish for about 75 million dollars in November of the same year. Bankless, one of the most influential brands in crypto podcasts, has over 1,300 shows, a $35 million VC fund, and quietly cut most of its team in May of this year. Blockworks, which bought Messari, also shut down its entire news department in October 2025, putting all resources into the data business. Its founder put it bluntly: users are increasingly using data as their primary source of information rather than news. On-chain data company Dune laid off 25% of employees in May 2026. Since VC did not invest in 2017, more than 800 crypto investment funds have been set up around the world. Today, only about half are still in operation. In 2025, 63% of crypto hedge funds lost money. The new fund is also unable to raise money. Only 8 new crypto VC funds were set up in Q1 2026, the lowest since Q3 2020, and the amount raised was only 12% of the 2022 peak. From October 2025 to April 2026, monthly investment in crypto VC plummeted from $3.85 billion to $660 million, falling more than 80% in six months. Where did the money go? Went to AI. In 2025, VC financing in the AI sector was 192.7 billion US dollars, exceeding half of the world's total VC for the first time. A partner at Robot Ventures, a crypto fund founded by the founder of Compound, said a very direct statement: “AI has taken away oxygen, and talent and LP's attention have been taken away. Many people who should have started crypto businesses are now starting AI companies. “People are walking too. Multicoin Ca...

66d agoLuxurytracy

Tokenized Pokémon card transactions surged, with sales on Solana and other chains reaching $230 million in May

Comparatively, according to Decrypt, tokenized Pokémon cards are rapidly growing in transaction volume on crypto platforms, and by mapping physical cards as NFTs or digital vouchers, driven by the “gimmick” mechanism, a transaction experience similar to “unboxing/drawing cards” is formed. According to data disclosed by Messari, in May, seven blockchains, including Solana, Polygon, Base, and BNB, achieved a transaction volume of about US$230 million, an increase of about 10 times over a year ago. Furthermore, the global tradable card market reached $15.8 billion in 2024, and is expected to grow to $23.5 billion in 2030, while the overall market value of NFTs is currently around $2.4 billion, which indicates that on-chain collectibles are still in the early stages of penetration.

69d ago

[Comparative Daily News Picks] SpaceX rose 19% on the first day of listing, breaking $2 trillion to become the sixth largest company in the US; Galaxy Research: Bitcoin has not yet formed a bottom of this round and is expected to be between $4-4.6 million; Trump intends to create a super weekend: hoping to sign the US-Iran agreement before his 80th birthday

Daily AI · Crypto · Macro · Market News, Bitpush helps you set priorities ↓ AI · News [SpaceX rose 19% on the first day of listing, market capitalization broke 2 trillion US dollars to become the sixth largest company in the US]. Comparing news, SpaceX (SPCX.O) surged on the first day of its listing on the NASDAQ on Friday, breaking 2 trillion US dollars in market capitalization. The listing was more stable than many observers had anticipated. The stock began trading late Friday morning and was up 15% to 30% from Thursday's pricing for most of the intraday period, with little fluctuation. At the close, the stock price was around $161, up 19%, making the company the sixth-largest company in the US. The final settlement price is yet to be determined. The transaction volume exceeded 500 million shares, with a turnover of about 80 billion US dollars. As Anthropic and OpenAI's large-scale listing plans are gaining momentum, market observers have feared that after a long period of relatively scarce IPOs, the influx of new shares may drag down market performance. However, investors of all kinds, from large institutions to Musk's retail fans, were in high spirits at the close of the day. “SpaceX not only broke records in terms of the scale of capital raised during its listing, but also left other big companies far behind. When the initial valuation was close to $2 trillion, it was impressive that the market capitalization increased so much in a blink of an eye,” said Dan Coatsworth, head of marketing at AJ Bell. [Goldman Sachs and Morgan Stanley are each expected to receive approximately $100 million in underwriting fees from the SpaceX IPO] According to the Wall Street Journal, Goldman Sachs and Morgan Stanley are each expected to receive approximately $100 million in underwriting fees from SpaceX's initial public offering. [Changxin Technology Group Co., Ltd.'s IPO review status changed to registration effective] Comparing news, the official website of the Shanghai Stock Exchange showed that the IPO review status of Changxin Technology Group Co., Ltd. changed to registration effective. [Meta: As AI costs soar, the company plans to strengthen control over employee token usage] According to The Information: Meta Platforms (META.O) in an internal memorandum, the company plans to strengthen control over employee token usage as the cost of artificial intelligence soars. The cost of using artificial intelligence within Meta is expected to reach several billion dollars by 2026. [MiniMax M3 is officially open source, with native multi-modal support for millions of contexts] Comparing news, the major domestic model manufacturer MiniMax officially open-sourced the native multimodal hybrid expert (MoE) model MiniMax M3 weights on Hugging Face. MiniMax M3 has a total number of 428 billion parameters, a single token activates 23 billion parameters, and natively supports 1 million ultra-long contexts. In order to reduce the cost of deploying video memory, the development team simultaneously released a quantized version of MXFP8 and adapted to mainstream inference frameworks such as SGLang, vLLM, and Transformers. In terms of multi-modal design, MiniMax M3 performs joint text, image, and video training during the pre-training phase to achieve native semantic fusion, rather than multi-modal alignment in the post-training phase. In terms of operating mechanism, the model provides dual inference modes, divided into Thinking (Thinking) mode for complex logic and tool orchestration, and Non-Thinking (non-thinking) mode for low latency conversation and code generation. The underlying kernel that supports millions of ultra-long contexts is MiniMax Sparse Attention (MSA for short), a lightweight attention kernel library that is simultaneously open source. According to officially released data, MSA uses the packet query attention (GQA) block retrieval mechanism. Compared with the traditional full attention mechanism, the MSA operator optimized for the NVIDIA Blackwell (SM100) architecture can achieve more than 9 times faster pre-filling and 15 times faster decoding, while significantly reducing inference expenses. Crypto · Market [Cryptographic Data Provider Blockworks Acquires Messari] Comparing news, cryptographic data provider Blockworks announced the acquisition of Messari. It is reported that Blockworks will pay more than $10 million, while Messari will be valued at around 300 million dollars in 2022...

70d agoWendy#Compare Daily Picks

Cryptographic data provider Blockworks buys Messari

In comparison, according to Bloomberg, cryptographic data provider Blockworks announced the acquisition of Messari.

71d ago

Messari: TON's first quarter Telegram product revenue reached $88.5 million, and cross-chain NFT market share rose to 35.5%

In comparison, Messari released the “TON 2026 First Quarter Report”, showing that although TON prices fell 26.4% during the quarter, the overall TON ecosystem remained resilient thanks to Telegram's huge user base. Among them, revenue from Telegram products settled through fragments fell 20.3% month-on-month to $88.5 million, while recurring revenue such as Premium subscriptions and ads fell by only 10.5%, which is better than non-recurring businesses such as Stars. According to the data, TON NFT's cross-chain market share increased 130.4% month-on-month to 35.5%, driven by demand for on-chain products such as Telegram usernames, numbers, and gifts. On the DeFi side, total hedging volume (TVL) in US dollars decreased by 34.9% month-on-month, but by only 11.6% in TON. The average daily USDT transfer volume dropped by 32.5% to $77 million, but the average number of daily transfers remained at around 73,600, indicating that peer-to-peer Telegram transfers and Mini App payments are replacing large DeFi transactions. In terms of user activity, TON's average number of daily active addresses fell 8.8% month-on-month to 90,800, indicating that there was no significant increase in new users in the first quarter. However, the number of single-address transactions increased from 19.2 to 21, reflecting increased engagement from existing users. After the end of the first quarter, TON's Make TON Great Again (MTONGA) program has completed four of the seven measures, including launching Catchain 2.0 to achieve sub-second final confirmation, reducing transaction fees by about six times, and making Telegram TON's largest validator. Currently, the pledge scale has reached 2.2 million TONs. Messari said that the second quarter will be a critical observation period to test whether the infrastructure upgrade can drive the large-scale conversion of Telegram's wider user base into active users on the TON chain. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

75d agoburnking