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Found 95 news

  • State of NEAR Q1 25
    Messari.io - 14:00 May 14, 2025
    In Q1 2025, NEAR made significant strides toward chain abstraction with the expansion of Chain Signatures and Intents across key applications, launched OmniBridge to enhance multichain liquidity, and deepened its User-Owned AI strategy with verifiable AI agents, SDKs, and launched shade agents. All reinforcing its role as a foundational layer for next-gen decentralized and AI-native ecosystems. NEAR also upgraded from 6 to 8 shards and dropped its block time to 600ms and 1.2s finality.
    Tags: Near
  • State of Sia Q1 2025
    Messari.io - 13:00 May 14, 2025
    Sia’s Q1 2025 was shaped by macro-driven headwinds in transaction volume, revenue, and market cap, yet showed signs of strengthening fundamentals. Network utilization climbed to a five-quarter high, supported by infrastructure upgrades and ecosystem tools ahead of the pivotal V2 hardfork. Core modules renterd, hostd, walletd, and explored received critical enhancements, while grant-funded projects advanced usability across mobile, web, and analytics. With the V2 upgrade slated for June, Sia enters the next quarter poised for renewed adoption and ecosystem growth.
  • State of Filecoin Q1 2025
    Messari.io - 12:50 May 14, 2025
    In Q1 2025, Filecoin continued its strategic transition from emphasizing raw storage volume to prioritizing high-value, enterprise-grade users and storage providers. Although active storage deals and network utilization declined, these shifts reflected a deliberate pivot toward long-term archiving, AI-optimized datasets, and Web2/Web3 enterprise integrations. Key developments during the quarter included the near-finalization of Proof of Data Possession (PDP) for continuous data verification, ongoing Layer-2 scaling initiatives (Basin, Akave, Storacha), and preparation for the Fast Finality (F3) upgrade to improve transaction settlement speeds. Despite a 41% drop in FIL’s market cap and a 49% decline in DeFi TVL (USD), native FIL-denominated activity remained resilient, supported by new client onboarding and retrieval market growth. The ecosystem expanded through partnerships with major networks (Cardano, Solana) and AI infrastructure projects (Aethir, KiteAI, Nuklai). New community initiatives like FIL ProPGF...
    Tags: Filecoin
  • State of Tezos Q1 2025
    Messari.io - 14:00 May 13, 2025
    In Q1 2025, Tezos activated its 17th protocol upgrade, Quebec, reducing block times to 8 seconds and refining staking incentives via Adaptive Issuance. Layer 1 usage declined 27.3% QoQ, but Etherlink averaged 1.4 million monthly transactions and generated 10,302 XTZ in fees, surpassing L1 for the first time. Etherlink’s total value locked rose 6,200% QoQ to $10.8 million, driven by DeFi incentives and RWA deployments. Validator stake increased 9.5% to 97 million XTZ, while the network continued work on activating the Data Availability Layer and preparing for the next upgrade, “R.”
    Tags: Tezos
  • The Privacy Layer: Understanding the Inner Workings of Decentralized Confidential Computing
    Messari.io - 14:00 May 13, 2025
    This report explores Decentralized Confidential Computing (DeCC), a new layer of blockchain infrastructure that enables encrypted computation without sacrificing decentralization. It examines core technologies like ZKPs, MPC, GC, FHE, and TEEs, outlines their tradeoffs, and highlights leading projects in each category. With over $1 billion invested and growing real-world adoption, DeCC is shaping the future of private, verifiable applications across DeFi, AI, and beyond.
    Tags: Decentralized Confidential Computing
  • State of Flow Q1 2025
    Messari.io - 11:01 May 13, 2025
    In Q1 2025, Flow’s DeFi TVL set a new high (+18 % QoQ), daily active addresses more than doubled, and core-repo commits rose 27 %, making it the quarter’s quickest-growing Layer-1 by developer traction. The arrival of LayerZero, Axelar, and deBridge bridges, as well as an OpenSea integration, broadened liquidity and user demand.
    Tags: Flow
  • Rubic Q1 2025 Brief
    Messari.io - 16:00 May 12, 2025
    Rubic entered 2025 with strong momentum. The platform set new records with $433 million in trading volume and 1.6 million transactions in Q1, up 91% and 144% QoQ, respectively. Growth was led by Monad, and increased activity on Ethereum, Base, Taiko, and Arbitrum One. Despite fluctuations in active addresses, Rubic added over 19,000 new addresses in the quarter on the main application, and over 200,000 addresses on the testnet app. Ongoing integrations across networks, liquidity providers, and API partners continued to expand Rubic’s reach. The RBC token declined alongside the broader market. Its price fell 53% QoQ, as its circulating market cap dropped from $6 million to $2.9 million. A slight increase in circulating supply helped offset the decline in market cap. Still, Rubic’s roadmap offers a clear direction. Chain abstraction, UX upgrades and more developer tools aim to improve access and usability. The platform is positioning itself for long-term growth as crosschain demand increases.
    Tags: Rubic
  • State of Raydium Q1 2025
    Messari.io - 15:00 May 12, 2025
    Raydium averaged $3.6 billion in daily volume in Q1 2025, up 12.7% QoQ due to a record $195.8 billion in volume in January ($6.3 billion daily average). Q1 was Raydium’s fourth straight quarter as the leader in Solana daily DEX volume. Additionally, a record $76.2 million in USDC (+38% QoQ) generated from protocol fees was spent buying back a record 15.4 million RAY (+17% QoQ), or 2.8% of the maximum supply.
    Tags: Raydium
  • State of 1inch Q1 2025
    Messari.io - 13:15 May 12, 2025
    In Q1, total daily average volume on 1inch declined 15.4% QoQ from $499.0 million to $422.0 million. However, daily average transactions/orders and active addresses grew 20.1% and 2.3% QoQ, respectively. 1INCH’s circulating market capitalization decreased 51.7%. Conversely, staked 1INCH increased 7.4% QoQ, from 249.3 million to 267.9 million. Additionally, 1inch remained the largest DEX aggregator on the blockchains it has deployed to; however, 1inch’s volume share fell from 36.6% to 30.5%. Likewise, the value of the 1inch DAO’s treasury fell 10.9% QoQ, mainly due to price changes in non-stablecoin holdings (e.g., 1inch). Even so, the DAO’s operations were unaffected as, at Q1 close, 86.6% of the value of the treasury is in stablecoins or stablecoin derivatives. Despite the overall decrease in volume, cross-chain swap volume via Fusion+ rose 144.5% QoQ, from $599,600 to $1.5 million. Additionally, 1inch made strategic progress through integrations with ZKsync, Linea, and Ledger Wallet. Overall, 1inch maintain...
  • State of Metaplex Q1 2025
    Messari.io - 12:00 May 12, 2025
    Metaplex sustained high usage in Q1 2025 as fungible token mints rose and NFT issuance normalized from late-2024 highs. The protocol generated $8.3 million in fees and repurchased 22 million MPLX tokens. Infrastructure upgrades resized over 3 million NFTs and freed 7,000+ SOL. Cumulative transactions surpassed 1 billion, with signer activity up 160% year-over-year.
    Tags: Metaplex
  • Doppler Finance: Bringing CeDeFi Back in Style
    Messari.io - 14:30 May 09, 2025
    Doppler Finance is a CeDeFi platform on the XRP Ledger that lets XRP holders earn passive yield on their XRP by combining centralized custody with onchain transparency. Since launch, it has surpassed $15 million in TVL and rewards early users through its Doppler Points program, incentivizing both deposit size and duration. The platform leverages reputable custodians like Fireblocks and Ceffu alongside onchain proof-of-reserves to ensure trust and accountability. Looking ahead, Doppler’s multi-stage roadmap includes liquidity staking tokens, real-world asset integrations, and a multichain restaking protocol to solidify “XRPfi” as a key segment of the digital asset economy.
    Tags: Doppler Finance
  • Understanding AI Verification: A Use Case for Mira
    Messari.io - 14:00 May 09, 2025
    Mira is a decentralized protocol that verifies AI-generated content by breaking outputs into factual claims and evaluating them through a network of independent models. Each claim is assessed for accuracy using a consensus mechanism, with results recorded onchain for auditability. This process improves factual reliability, raising verified accuracy from 70 percent to 96 percent in production environments, without requiring model retraining or centralized intervention. Mira supports more than 4.5 million users and processes over 2 billion tokens daily, functioning as embedded infrastructure across AI-driven applications.
    Tags: Mira
  • State of MultiversX Q1 2025
    Messari.io - 13:32 May 09, 2025
    In Q1 2025, MultiversX implemented the Andromeda Upgrade on testnet, introducing enhancements like instant transaction finality, 2x faster cross-shard execution, and minimal equivocation risk. MultiversX also launched Meta Transactions V3 launched on Jan. 27 for improved gas efficiency. Network usage declined, with daily transactions down 20% QoQ to 301,400 and active addresses decreasing 47% QoQ to 41,600. Market cap declined 51% QoQ to $451.4 million, corresponding with a 52% QoQ EGLD price decline to $16.08, reflecting broader market conditions. Staking metrics showed resilience, with 66% of eligible EGLD staked, up 18% QoQ, though fees fell 42% to $96,800. MultiversX’s liquid staking rate increased 40% QoQ to 14.0%. MultiversX advanced its strategic roadmap, emphasizing ecosystem growth and AI integration, with initiatives like the $1.5 million Growth Games grant program, the ElizaOS partnership for onchain AI agents, and the AI MegaWave Hackathon, alongside DeFi growth through Hatom’s USH stablecoin laun...
    Tags: MultiversX
  • Decoding Onchain Privacy
    Messari.io - 13:30 May 09, 2025
    This report analyzes how privacy in crypto is shifting from isolated tools to integrated systems that balance confidentiality, composability, and compliance. It covers the rise of programmable privacy, the regulatory tensions shaping adoption, and the architectural tradeoffs developers face as privacy becomes a native layer across networks.
  • The Metalayer: Caldera’s Solution to Blockchain Silos
    Messari.io - 16:00 May 08, 2025
    The Metalayer marks an attempt at solving blockchain’s fragmentation problems. By combining intent-based execution, secure crosschain settlement, and a developer-friendly interface, Caldera introduces a unified solution that simplifies how rollups interact. Developers can integrate with the Metalayer through a single toolkit, which removes the need to build and maintain custom bridging infrastructure. This streamlines development, accelerates asset integration, and allows apps to scale across chains without rewriting code or compromising on security. For users, the Metalayer makes crosschain interactions simple and seamless. Instead of navigating multiple bridges or swapping between wrapped assets, users can express a single goal, like moving USDC between chains, and the Metalayer handles the rest. As adoption grows, this architecture could support the next generation of crosschain applications that feel more interconnected and intuitive. With the core infrastructure now in place, Caldera is laying the ground...
    Tags: Caldera The Metalayer
  • State of Sei Q1 2025
    Messari.io - 15:00 May 08, 2025
    Sei saw significant growth within its gaming and DeFi sectors in Q1 2025. Gaming was a major contributor driving network usage, as average daily transactions in the sector increased 79.8% QoQ to 354,000, outpacing all other categories. In DeFi, TVL (USD) increased 73.7% QoQ from $209.1 million to $363.1 million as new protocols like Sailor and Takara Lend launched and quickly gained traction. The quarter also saw exciting developments from Sei Labs, which achieved 5.4 gigagas per second, approximately 115,000 TPS, and 700 milliseconds time-to-finality in an internal devnet environment. This feat was achieved in pursuit of the Giga upgrade, which aims to offer a 50x improvement in throughput. Meanwhile, Sei Foundation established Sapien Capital, a $65 million venture fund focused on decentralized science (DeSci). On the community side, Sei continued to incentivize involvement through its Sei More Campaign, Sei Builders Fund, and Sei Creator Fund. Looking forward, users can continue to expect Sei to pursue its ...
  • State of Crypto Fundraising: Q1 2025
    Messari.io - 13:00 May 08, 2025
    In Q1 2025, crypto fundraising and M&A activity diverged sharply. M&A deal count reached an all-time high of 85, up 18% QoQ, with the six largest disclosed acquisitions totaling $3.23 billion, surpassing the combined value of the quarter’s ten largest funding rounds and accounting for over half of all capital raised. In contrast, fundraising slowed, with total capital raised declining 19% QoQ to $6.32 billion and deal count falling 29% to 640 transactions. Despite the pullback, Q1 remained the second-highest funding quarter of the past two years. Investor participation showed modest recovery, rising 4% QoQ to 1,600 unique investors, though still well below the Q2 2022 peak of 3,300. Accelerator activity contracted sharply, with deals down 64% and capital raised declining 66% QoQ, signaling reduced early-stage momentum. Meanwhile, newly launched fund count fell 13% to 21, but capital raised more than doubled to $1.98 billion, suggesting renewed LP appetite despite fewer new vehicles.
  • State of Rootstock Q1 2025
    Messari.io - 13:00 May 08, 2025
    In Q1 2025, Rootstock’s network security reached new highs as merged mining participation surged to 81%, led by the onboarding of Foundry and SpiderPool. Transaction fees dropped by 60%, boosting cost-efficiency and user accessibility, while the Lovell upgrade improved EVM compatibility and introduced critical protocol optimizations. Despite steady transaction growth, onchain revenue declined 24% due to reduced fees, and DeFi TVL contracted 20% amid market-wide headwinds. RootstockCollective rolled out major application updates and NFT-based incentives, while ecosystem integrations like LayerZero and Meson Finance expanded its multichain and stablecoin capabilities.
    Tags: Rootstock
  • Spoiler Alert - Coinbase Q1 2025 Revenue Estimate
    Messari.io - 13:00 May 07, 2025
    Q1 2025 was a volatile quarter with many ups and downs. By sourcing onchain data, Coinbase's CEX volume data, and relying on a few assumptions we attempt to project Coinbase's Q1 2025 revenue numbers. Our insight brings us to an emerging trend that is a direct input to one of the largest drivers of quarterly net revenues for the company.
  • State of The Graph Q1 2025
    Messari.io - 13:30 May 06, 2025
    With 6.14 billion queries processed and $210,200 in combined query‑fee and Substreams revenue, The Graph sustained developer engagement in Q1 2025. Active Subgraphs rose to 12,402 (+9.8% QoQ) while indexing rewards reached 77.9 million GRT. Key launches such as Substreams, the Token API beta, and the Indexer Score, plus the passage of GIP‑0061 and new chain integrations (e.g., ZetaChain, Polygon zkEVM), set the stage for broader cross‑chain indexing and enhanced ecosystem incentives.
    Tags: The Graph

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