Polygon · 3776

Data: In the past week, NFT transactions rose 155.23% month-on-month to $97.86 million, and the number of buyers and sellers both increased by more than 50% month-on-month

Comparing news, according to CryptoSlam data, according to CryptoSlam data, this week's NFT turnover increased by 155.23% to $97.86 million from $35.29 million last week. The number of NFT buyers rose 50.56% to 174,203; the number of NFT sellers rose 51.33% to 160,382; and the number of transactions rose slightly by 5.38% to 952,541. The Ethereum network's NFT turnover increased 579.79% to $71.51 million, and the number of buyers rose 63.72% to 24,647. The Polygon network ranked second with $10.55 million in transaction volume, down 10.58% year over year, and the number of buyers increased 27.35% to 72,2266. The Base Network ranked third with sales of $4.51 million, an increase of 99.84%, and the number of buyer addresses increased by 86.74% to 2168. The BNB Chain network followed, with $3.59 million in transactions, an increase of 107.39%. The number of buyers increased 117.48% to 8,895.

1m ago

Polygon Plans to Advance Staking and Token Economy Reform Proposals

Comparing news, Polygon co-founder Sandeep Nailwal said that in response to community calls, the team is advancing proposals for staking and token economy reforms. He revealed that Polygon's revenue has increased tenfold this year, has delivered 5k TPS, reduced block generation time by 25%, and is moving towards less than 1 second block generation time. Now it's the stakers' turn to get their due share. Key points of the proposal include: launching L1-like native staking on Polygon PoS, which can be used in parallel with Ethereum staking; priority fees for each transaction will go to POL stakers (PIP-85 has been approved; native staking can make implementation simpler); staking revenue is expected to nearly double, supported by real network fees rather than inflation; staking POL may receive additional incentives such as discounted gas fees; and SPOL remains liquid and can be used in DeFi. Polygon Labs will write the code and submit the proposal to the community forum for consideration.

1m ago

The Sandbox confirms SAND cross-chain bridge vulnerability: Base and BSC networks are affected, and cross-chain functionality has been suspended

Comparing news, The Sandbox officially stated that the team has confirmed and fully controlled the recent SAND cross-chain bridge vulnerability incident involving the Base and BNB Smart Chain (BSC) networks. Officials say the impact of this incident was limited, involving less than 0.01% of SAND's total supply of tokens. SAND on Ethereum (Ethereum) and Polygon is unaffected, user wallets have not been compromised, and relevant coin holders and liquidity providers are not required to take action. According to reports, attackers have minted unsecured SAND tokens on the Base and BSC networks through exploits. Currently, The Sandbox has shut down the SAND cross-chain feature of the two networks, and SAND on Base and BSC have been isolated and cannot be transferred or exchanged for the time being. The Sandbox reminds users not to buy, sell, or trade SAND on the Base and BSC networks as liquidity on these networks has been affected. The team said it has completed a pre-incident snapshot and is formulating a compensation plan for affected liquidity pool (LP) users, while continuing to investigate the scope of impact of the vulnerability. A full incident report and technical review will be released later.

13h ago

Polygon Labs CEO: Stablecoins will greatly improve the efficiency of capital use and expenditure

According to Twitter, Marc Boiron, CEO of Polygon Labs, wrote that stablecoins will drive a significant increase in spending. As capital efficiency increases, profits earned by banks due to the inefficiency of traditional payment systems will decrease, and businesses and consumers will have more capital they can use for consumption. Marc Boiron points out that deposit funds in pre-deposit accounts, settlement delays, bank cutoff times, and idle balances impede economic growth far more than most people can imagine. Stablecoins can enable capital of the same size to support more procurement, inventory, payroll, and cross-border trade. It believes that the winners of the next round of payment competition will be participants who can help enterprises achieve millisecond payments.

2d ago

Don't bet 100 times more, just look for “cash bulls”: What other projects are worth investing in in a bear market?

Source: Odailey Planet Daily Author: Asher Original title: Don't guess 100 times the coin, only bet on “cash cow”: What other projects in the bear market are worth investing in? The bear market only buys the most profitable items on each track, and the bull market then goes after short-term hot spots. Core point of view: In the context of the downturn in the crypto market, this article has selected four issued projects, Pump.fun, Hyperliquid, Uniswap, and Chainlink. They have shown profitability through a bear market with stable agreement revenue, providing a more realistic reference target for long-term investment. Key elements: 1.pump.fun's revenue in the past 30 days was 41.53 million US dollars, with a cumulative total of about 256 million US dollars in the first 7 months. The revenue depends on the popularity of Meme transactions on the Solana chain, but the average monthly cash flow capacity of tens of millions of dollars is outstanding. 2. Hyperliquid's cumulative revenue for the first 7 months was about US$352 million, surpassing Pump.fun. In June, it reached a new high of 60 million US dollars during the year. The revenue mainly comes from perpetual contracts and spot transaction fees. 3. Hyperliquid uses approximately 99% of the agreement fee to repurchase and destroy HYPE tokens, forming a simple investment logic of “profitable and continuous repurchase”. 4. Uniswap has earned 5.6 million US dollars in the past 30 days. It is the most profitable DEX. It accumulated about US$28.4 million in the first 7 months, benefiting from the official opening of the agreement fee after the implementation of the Unification proposal and its use for UNi's destruction. 5. Chainlink's revenue in the past 30 days was 4.57 million US dollars. The monthly revenue was stable in the range of 4.4 million to 5.8 million US dollars. The revenue came from service fees such as oracles and cross-chain services, and the cumulative transaction value facilitated reached 32.18 trillion US dollars. Since this year, the crypto market has continued to be sluggish. There aren't no hot spots on the chain; every once in a while, there are a few burgeoning memes, but these quotes often focus on new coins that have just been issued and hardly give the market time to fully study. Once the story ebbed down, prices quickly dropped back down. Most players who got on the bus halfway ended up losing money and making little money. Since blindly guessing the next 100 times the coin makes little sense. A more realistic investment logic is: if you are preparing to invest slowly in a bear market and wait for the next round of the bull market to return, what other projects are worth buying now? Compared to simply reading the story, a more direct screening criterion is whether the project itself still makes money or not. If a platform can still earn millions or even tens of millions of dollars in revenue every month in the crypto bear market, it at least indicates that users and demand are still there, and the project also has a stronger ability to cross the cycle. This type of platform token won't necessarily be the altcoin with the most exaggerated rise in the next round of the bull market. So, since this year, what other coin issuing projects have continued to make money? (The revenue data for the project in this article comes from Tokenomist and DeFilLama. The revenue caliber is uniformly adopted, that is, the actual revenue of the agreement after deducting distribution to supply-side participants such as LPs.) Pump.fun: The “shovel seller” on the meme circuit earns money from round after round of coin issuance boom. Apart from the two major stablecoin issuers Tether and Circle, Pump.fun is one of the most profitable crypto native projects in the past 30 days, with a revenue of 41.53 million US dollars. Looking at monthly data, Pump.fun's revenue from January to July was 51 million US dollars, 40 million US dollars, 38.1 million US dollars, 32.4 million US dollars, 32.4 million US dollars, 34.4 million US dollars, 26.6 million US dollars, and 33.7 million US dollars, respectively, with cumulative revenue of about 256 million US dollars for the first 7 months. Pump.fun's revenue peak was high at the beginning of the year, then the overall decline was evident in April and June, and there was some recovery in May and July. The core of Pump.fun's revenue comes from continuous trading of SGD on the platform. Currently, users are free to create tokens themselves, but trading during the Bonding Curve phase requires transaction fees. According to Pump.fun's latest rate, Bonding Curve's total fee rate is 1.25% per transaction, of which 0.95% goes to the agreement and 0.30% is distributed to token creators. Additionally, when tokens graduate from Pump.fun and enter PumpSwap, a graduation fee of 0.015 SOL will be charged. Pump.fun's revenue still depends on Solana's on-chain meme activity. When the on-chain market is lukewarm, revenue drops significantly, and recovers quickly when popularity picks up. But from the perspective of a bear market, it can be at 7...

4d agoOdaily星球日报#DeFi #MEME #invests

Coinbase Will Stop Supporting Noble Network's USDC Deposits and Withdrawals on August 17

According to Twitter, Coinbase will announce that it will stop supporting USDC deposits and withdrawals on the Noble network on August 17, and USDC deposits and withdrawals on other supported networks will not be affected, including Ethereum, Base, Solana, Arbitrum, Optimism, and Polygon. Coinbase warned not to transfer money to its Noble Network USDC deposit address after August 17, otherwise the funds may not be recovered. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

8d agoburnking

Robinhood Chain is hot, but is it profitable?

Source: Blockworks Research Authors: Ryan Graham and Sam Schubert Compiled and organized: BitPushNews highlights The crypto business is getting cold: Although Robinhood's overall performance hit a record high, its crypto business is shrinking. Q2 Crypto business revenue fell 38% year over year to $100 million, accounting for only 8% of total revenue; retail crypto trading volume fell 36% year over year, and the share of crypto assets in total custodian assets (AUC) also fell to a record low of 7%. Robinhood Chain (Robinhood Chain) started strongly: Robinhood Chain had one of the strongest starts of the L2 expansion network in recent years, generating $3.6 million in real economic value (REV) in July, accounting for 38% of all L2 chain revenues counted by growthepie, surpassing mature networks such as Polygon and Base. Meme coins dominated early activity: Meme coins, not real world assets (RWA), drove Robinhood Chain's early activity. Meme coins accounted for 51% of July spot trading volume, while RWA only accounted for 5%; and 48% of RWA trading volume occurred in the “Meme Coin + RWA” liquidity pool. Monetization opportunities lie in the application layer: Robinhood's clearest monetization opportunities lie above the infrastructure layer. USDG has generated around $10.5 million in annualized interest income; Morpho has proven the great value of direct distribution of Robinhood's main app; while Lighter only uses the Robinhood Wallet (Robinhood Wallet) partnership, accounting for only 0.2% of its total perpetual contract trading volume. The company's overall performance has yet to be boosted: Robinhood Chain is currently unable to substantially improve Robinhood's underlying performance. Its total known annualized revenue is only $54.8 million, which is equivalent to only 14% of Robinhood's annualized crypto revenue. For the Robinhood Chain to have a real impact, Robinhood needs to scale up USDG, monetize access to main apps, or use the chain as a traffic entry point to introduce high-value products. Robinhood's crypto business at the crossroads is probably no company that has managed to capture the rise of retail investors as successfully as Robinhood. It has become synonymous with retail investment, and its underlying business is booming as a result. In the second quarter of 2026, Robinhood reported quarterly revenue of $1.31 billion (a record high), up 32% year over year and 92% from Q2 2024. This strong momentum comes not only from its core stock and options trading business, but also from its ever-expanding product matrix. Robinhood now has 13 different lines of business, each generating more than $100 million in annualized revenue. In fact, almost all transaction-based business lines experienced double-digit year-on-year growth in the second quarter... well, with one exception: cryptocurrencies. The crypto business, which once accounted for more than one-third of Robinhood's revenue, has now shrunk to the point where it's almost negligible for the company. In the second quarter of 2026, only 8% of Robinhood's quarterly revenue came from cryptocurrencies, the lowest share since the third quarter of 2023. The crypto business's share of Robinhood's revenue pie has declined so much that event contracts (event contracts), which were only launched last year, generated more revenue in the second quarter ($156 million) than the crypto business ($100 million). This weakness goes far beyond the crypto business's declining share of Robinhood's revenue. Overall, its core user base is losing interest in cryptocurrencies. While the reason behind it isn't unique to Robinhood, the extent of its weakness is shocking. This is particularly evident in trading activities. In the second quarter of 2026, retail crypto trading volume on the Robinhood App was just $182 billion, down 36% year over year, to record...

9d agoWendy#Robinhood #Robinhood Chain #RWA #Robin Hood chain

The Bank of England's digital pound project has entered the second phase, which will test co-payments between stablecoins and central bank currencies

Comparatively, the Bank of England (BOE) digital pound project has entered the second phase to test whether publicly issued stablecoins and central bank currencies can work together in a single payment process for trade finance. BOE will partner with NOBO Finance, Dun & Bradstreet, and Polygon Labs at the Digital Pound Lab to explore the establishment of reusable credit profiles for small businesses and explore the use of stablecoins and potential digital pounds in invoice factoring. The experiment involved no real customers or funding, and was intended to provide a reference for BOE and the UK Treasury to evaluate the interoperability of different forms of digital currencies. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

10d agoburnking

The Japanese yen stablecoin issuer JPYC has completed a total of about 6 billion yen B-round expansion financing

Comparatively, JPYC, the issuer of the Japanese yen stablecoin, announced the completion of the B-round expansion financing, which raised a total of about 6 billion yen. The company said that the funds will mainly be used to expand the financial and Web3 ecosystem and accelerate the implementation of the Japanese yen stablecoin JPYC in social applications. According to the announcement, logistics company AZ-COM Maruwa Holdings Co., Ltd. participated in this round of investment. JPYC believes that the combination of stablecoins and logistics networks is expected to promote the integrated application of on-chain finance in commercial, logistics and capital settlement scenarios. Currently, JPYC has been issued on four blockchains: Avalanche, Ethereum, Polygon, and Kaia.

16d ago#financing

The wave of crypto shutdowns has entered a deep bear stage: over 60 well-known projects have left the market, and the cleaning of the bear market has accelerated

Comparing the news, as time entered the second half of the bear market, the cryptocurrency market experienced a clear round of industry clearance. Today, Shaw Walters, founder of ElizaOS (formerly ai16z), announced that the AI16z/ElizaOS token has completely died, and the associated foundation will gradually cease operations. This is another iconic exit event following the shutdown of over 60 well-known crypto projects in the first half of the year. According to statistics, in 2026, more than 60 well-known crypto projects, public chain/Layer2, DeFi protocols, wallets, NFT platforms, and DAO tools have announced that they have stopped operations or filed for bankruptcy, and the pace of shutdown accelerated markedly in late July. This round of exit covered almost every track. On the PT1 side of centralized trading, derivatives pioneer BitMEX announced on July 23 that it will officially close on September 23, ending 11 years of operation; AscendEX stopped trading on July 1 due to failure to obtain an EU MiCA license; and BitMart initiated a phased shutdown. In Layer1/Layer 2 and infrastructure, Polygon zkEVM, Botanix, Sophon, Powerloom, MilkyWay, etc. have been suspended one after another. In the DeFi sector, Radiant Capital, Step Finance (after being hacked for around $40 million), Ionic Protocol, Everclear, etc. withdrew due to security incidents or liquidity exhaustion. Wallet tracks include Secondfi, Ctrl Wallet, and Leap Wallet closed due to security breaches or strategic adjustments. NFTs, games, and tool projects such as Foundation, Fishing Frenzy, Tally, and Zapper have not been spared. The main reasons focus on three points: the business model fails to generate sustainable revenue (even if some projects have had high monthly activity or transaction volume), the outflow of users and funds due to the cooling of the racetrack, and hacker attacks directly cut off the funding chain. Many projects have received millions to tens of millions of dollars in financing, but it is difficult to prove the product's market fit after the market retracted. Unlike a series of explosions in leverage in 2022, this round was more about starving to death — orderly or forced exits after running out of funds. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

17d agoburnking