Comparing news, Uniswap founder Hayden posted an article on the X platform saying that Uniswap's tokenized stock trading volume on the Robinhood chain has surpassed $1 billion for the first time, and the trading volume of $1 trillion is coming soon.
Comparing the news, with Bitcoin's recent 3-day rise of 20%, investors are speeding up the pace of returning to the native crypto family. According to the data, contract trading volume on the Binance platform soared by more than 600% in 3 days, indicating that investors may be stepping up the deployment of secondary market crypto projects. Standard Chartered Bank gave several initial ratings to various crypto market targets in the second half of this year, and the pull effect was evident after most of the ratings. Along with the strengthening of the market, there is a positive feedback effect on the tokenomics of most projects, and related projects may benefit from the recovery of cryptography and increase in market capitalization. The rating items and target prices are summarized as follows: On June 16, Standard Chartered Bank's research report covered Uniswap for the first time and predicted that its UNI token could rise 40 times to $100 by the end of 2030; On June 23, Geoff Kendrick, head of digital asset research at Standard Chartered, predicted that AAVE may rise to $3,500 by the end of 2030, which is about 50 times higher than the level of about $70 when the research report was published. On July 1, Standard Chartered Bank rated Morpho for the first time, and the project's token price is expected to rise 33 times to $60 by the end of 2030; On August 10, Standard Chartered Bank's research report covered Chainlink for the first time and predicted that its LINK token could rise 25 times to $200 by the end of 2030 from around $8 currently. It is worth pointing out that yesterday, Standard Chartered Bank analyst Geoff Kendrick said that Bitcoin may rise to $100,000 by the end of 2026, and its current key technical level is $65,500. If it breaks through this level, it may confirm that a low point in the current cycle has occurred. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
Comparative news, according to Defillama data, the DeFi market rebounded strongly. TVL jumped 9.15% to US$83.216 billion in a single day, and spot DEX trading volume reached US$10.886 billion, breaking the $10 billion mark for the first time since June 5. The decentralized perpetual contract platform's turnover reached US$36.72 billion, of which Hyperliquid's daily processing volume reached US$15.205 billion, accounting for about 45% of the total perpetual DEX transaction volume, and its HYPE token price rose to the $70 range. Uniswap continues to lead spot DEX with a turnover of around $3.1 to 3.4 billion, while Solana ranked first in spot DEX activity in various cycles.
Comparing news, the cryptocurrency sector has been picking up for three consecutive days. Bitcoin once surpassed $75,000 this morning and now remains near the $74,500 mark. Following US President Trump's intensive favorable remarks on the cryptocurrency sector this Wednesday, the first meeting of the US Commodity Futures Trading Commission (CFTC) Innovation Advisory Committee was held this Thursday, presided over by CFTC Chairman Michael S. Selig and others. A large number of founders and executives in the cryptocurrency field appeared on the conference list. These include: Coinbase CEO Brian Armstrong; Uniswap Labs CEO Hayden Adams; Polymarket CEO Shayne CoplanRipple CEO Brad Garlinghouse; a16z Crypto Managing Partner Chris Dixon; Co-Founder of Multicoin Capital Tushar Jainkalshi Co-founder Luana Lopes Lara; Chainlink Labs CEO Sergey Nazarov; Gemini CEO Tyler WinklevosSkraken Co-CEO Arjun Sethi; Robinhood CEO Vlad Tenev; Solana Labs CEO Anatoly Yakovenko; Representatives of companies such as Anchorage Digital, Grayscale, OKX, and Consensys. Traditional financial institutions and exchange executives (such as CME Group, Cboe, Nasdaq, ICE, etc.) also attended. The conference focused on topics such as the evolution of crypto regulation, artificial intelligence, and predictive markets. The U.S. CFTC Innovation Advisory Committee (IAC) was formally established on January 12, 2026. On the same day, CFTC Chairman Michael S. Selig announced the launch of the committee and changed its name from the original Technology Advisory Committee (Technology Advisory Committee) to provide advice to the committee on innovative topics such as fintech, crypto assets, and artificial intelligence.
Comparing news, Bitwise Chief Investment Officer (CIO) Matt Hougan said that the market may seriously underestimate the scale of future blockchain trading activity, and as real-world asset tokenization (RWA) and artificial intelligence agents (AI Agents) reshape the financial market, on-chain transaction volume may increase 50 or even 100 times in the future. In his latest investment memorandum, Hougan pointed out that current crypto investors have three major misconceptions, one of which is underestimating the future coverage of blockchain applications. He believes that traditional assets on the chain and the participation of AI agents in transactions will significantly increase the scale of on-chain activity, and the tokenized stock market alone may lead to a 10-fold increase in trading volume. He pointed out that at present, the traditional stock market is usually only open from 9:30 to 16:00 EST on weekdays, with a weekly trading time of about 33 hours; while tokenized stocks can be traded around the clock, increasing the available trading time to 168 hours per week. If AI agents automatically execute transactions on behalf of investors in the future, the frequency of transactions may increase further. However, Hougan also acknowledged that the increase in transaction time does not mean that trading volume will increase year over year, but artificial intelligence and automated trading may be important factors driving the expansion of on-chain activity. Investors are still mainly evaluating the value of relevant platforms based on the current size of the crypto market, ignoring the potential market expansion brought about by tokenization. For example, the decentralized trading platform Uniswap may expand its scope of services from crypto assets to traditional asset markets such as stocks, bonds, and real estate in the future. (The Block) This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)
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...
Comparing news, Uniswap founder Hayden Adams (@haydenzadams) wrote that as the asset tokenization process accelerates, AMM (automated market makers) are ushering in structural opportunities. He pointed out that tokenization not only upgraded the market infrastructure, but also made the market programmable, fundamentally changing the way the market was created and the threshold for participation. On-chain liquidity spontaneously forms a “related asset pair” aggregation pattern — the more correlated asset pairs, the lower the LP inventory risk, the deeper the liquidity, and the smaller the efficiency gap between passive AMM strategies and active strategies, thus “breaking down” traditional market makers with lower capital costs. Using NVDA/SPY as an example, he pointed out that if stocks are traded in SPY instead of US dollars, market making costs will be drastically reduced, while bridging pairs (such as SPY/USD) will still compete with professional institutions.
Comparatively, Uniswap announced that it will complete deployment when the Arc mainnet is officially launched in September to provide developers with deep on-chain liquidity infrastructure and support the construction of DeFi applications such as lending, structured products, LP strategies, and token issuance. Arc is a public chain owned by Circle. It uses USDC as the gas token and has sub-second deterministic finality.
Author: Shenchao TechFlow Original title: Revealing the $11.2 billion funding flow in half a year: The crypto industry's most valuable asset is changing from code to license Dubai crypto lawyer Irina Heaver and her team NeosLegal did a simple but powerful thing: sorting through all publicly disclosed crypto industry financings in the first half of 2026, totaling about $112 billion. The conclusion is only one sentence: every loan with a disclosed amount goes to a business that requires regulatory permission to operate. The top three tracks are: $3.7 billion in payments and stablecoins, $2 billion in forecasting markets, and $1.7 billion in exchanges and trading platforms. All three areas have one characteristic in common, requiring a license to operate lawfully in any major jurisdiction. Institutional capital's valuation logic for the crypto industry has changed from “what code can you do” to “do you have a license or not”. Who checks the cheque who pays the bill first. Kalshi closed a $1 billion financing round in May, with investors including Sequoia, Morgan Stanley, Ark Invest, and a16z. Polymarket received $600 million, and the lead investor was the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. It only predicted a single market track and completed 34 rounds of financing within half a year. Among the $3.7 billion in payments and stablecoin circuits, the names BlackRock, Goldman Sachs, and the Persian Gulf Sovereign Fund appear repeatedly. Vineet Budki, Managing Partner at Sigma Capital, put it bluntly: Regulatory licenses have gone from compliance footnotes to core valuation metrics. There is cold arithmetic behind this judgment. An application cycle for a MiCA license or Dubai VARA license usually takes 18 to 24 months and costs millions of dollars. Codes can be forked over the weekend; licenses can't. When venture capital evaluates two projects with similar functions, the one with the license naturally has a moat that cannot be quickly replicated by competitors. The license plate is a new moat to look at this phenomenon on a longer timeline. In 2020-2021, the main themes of crypto financing were protocols and infrastructure. Public chains, DeFi protocols, and NFT platforms have taken most of VC money. The investment logic is technical barriers and network effects. Whoever has the highest TVL, who has the most active developer ecosystem, is worth the most. In 2022 - 2023, the bear market cleaned out a number of pure narrative projects, and financing began to lean towards businesses with real income. Exchanges, wallets, and infrastructure companies have increased their share of financing. Data for the first half of 2026 show that this trend has reached a logical end: capital is no longer paying for technological innovation itself, but for “the ability to operate technological innovation within a compliance framework.” To put it bluntly, a code is a necessary condition; a license is a sufficient condition. This is highly consistent with the evolutionary path of the traditional financial industry. Fintech companies relied on technology disrupted financing in the early 2010s, and by the late 2010s, they relied on licenses and compliance capabilities. Stripe is worth 100 billion dollars, and the core barrier is its ability to operate in compliance in more than 40 countries, far exceeding the technical gap of the payments API itself. The crypto industry is following the same path, only faster. Funding flows and user activity are being split, but there is an important gap in this set of data: it only counts financing, not users. On-chain data shows that DeFi protocols are growing in TVL, DEX trading volume, and number of active addresses in the first half of 2026. Uniswap, Aave, and Jupiter's unlicensed daily activity and trading volume didn't shrink because VC money stopped flowing to them. Retail users are still trading, borrowing, and providing liquidity on the chain. This means that what is happening is a more subtle split rather than the “death of unlicensed agreements”: institutional capital is flowing to compliant, licensed centralized businesses, and retail user activity is still distributed in an unlicensed on-chain market. Money and people are moving in two directions. This split is most evident in the prediction market. Kalshi and Polymarket both predict markets, but Kalshi is a CFTC-registered exchange, and Polymarket has no license in the US. Kalshi got $1 billion in financing and Morgan Stanley...
Comparing news, CryptoQuant analyst Darkfost wrote that although Uniswap's native token UNI fell more than 93% from its 2021 high of $43 to about $3, giant whales have accumulated their strongest strength in five years. According to the data, the top 10 largest UNI outflows on Binance, averaged 7,300 UNI per day, a five-year high; the current average is still high, and the trading group is still accumulating 5,600 UNI every day. Darkfost notes that despite the overall difficult environment for altcoins, some coins are still attracting attention, especially those that have been actively accumulated by giant whales. UNI's accumulation strength reached an all-time peak during the current decline, indicating that large investors are at a time of decline.