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Found 95 news

  • Rayon Labs: The Subnet Trifecta
    Messari.io - 12:00 Apr 25, 2025
    Rayon Labs operates a synergistic trio of Bittensor subnets—Chutes for serverless model hosting and inference, Gradients for decentralized AutoML fine-tuning, and Nineteen for ultra-fast, high-throughput inference—that together command roughly 29 % of daily TAO emissions. Chutes has exploded in popularity by offering headline open-source models like DeepSeek V3 for free via OpenRouter, amassing over 8 000 GPUs and delivering industry-leading latency, while Gradients’ competitive miner marketplace consistently outperforms major clouds on test-loss, making one-click training accessible to non-experts. Nineteen narrows its focus to a handful of models and rewards miners for raw throughput, resulting in some of the fastest free inference on the market. Rayon is building a freemium ecosystem—paid tiers on Chutes, enterprise-grade integrations, and an agent platform called Squad—to convert today’s subsidized usage into durable revenue and alpha-token buybacks. The strategy’s success, however, depends on weathering ...
  • The Role of IP in the Age of Abundance
    Messari.io - 12:00 Apr 24, 2025
    In the wake of OpenAI’s release of a new image generator for GPT-4o, the internet was flooded with AI-generated art mimicking the iconic Studio Ghibli animation style, sparking both admiration and intense debate over the ethics and legality of AI-driven content creation. This “Ghiblification” trend prompted industry figures like Jason Zhao of Story Protocol and Kyle Samani of Multicoin to weigh in on the evolving relationship between intellectual property (IP) and AI. Zhao called for infrastructure that enables compensation for artists, while Samani questioned the relevance of IP altogether in a world of zero marginal cost creation. In this report our analysts weigh in on the topic, discussing the role of IP in the age of AI.
  • THORChain Q1 2025 Brief
    Messari.io - 11:00 Apr 24, 2025
    THORChain’s first quarter of 2025 was defined by volatility, volume, and a pivotal reset. While RUNE’s price fell sharply and DeFi TVL contracted, protocol usage surged during market-wide dislocations, including a record $1.05 billion in single-day volume tied to the Bybit exploit. At the same time, THORChain initiated its most significant internal reform to date, passing Proposal 6 to unwind THORFi liabilities without inflating RUNE supply. Amid uncertainty, affiliate volume hit an all-time high, native deposits grew, and the protocol doubled down on its core mission: powering cross-chain swaps at scale.
  • A Superpower Transformed (Again): Tariffs, Realism, Nixon, Neo-Isolationism, Bitcoin, DePIN, DePAI, and a Changing World
    Messari.io - 14:45 Apr 23, 2025
    This report argues that the United States is undergoing a structural shift away from the neoliberal international order and toward a strategy of neo-isolationism, driven by the need to preserve relative power in the face of China’s rise. Drawing from realist theory and the historical precedent of the Nixon administration, the report outlines how the U.S. is prioritizing containment over global growth. This reversion includes reshoring manufacturing, accelerating the clean energy transition, and restricting technological flows, particularly in AI, to prevent espionage and maintain strategic advantage. In this environment, crypto emerges not as a tool of global integration but as a beneficiary of fragmentation. The report concludes that we are entering an era where power, not efficiency, will define economic policy, and in this new industrial paradigm, Bitcoin, DePIN, and DePAI are uniquely positioned to thrive.
  • Understanding Waterfall Network: A Comprehensive Overview
    Messari.io - 14:30 Apr 23, 2025
    Waterfall Network is a newly launched L1 blockDAG that integrates a DAG-based PoS consensus mechanism to address blockchain scalability while preserving decentralization. Its mainnet went live in mid-2024 following extensive research and testing. The network is designed to support high-throughput dApps while maintaining EVM compatibility, allowing developers to leverage Ethereum’s established ecosystem.
  • Contango Q1 2025 Brief
    Messari.io - 11:30 Apr 23, 2025
    In Q1, Contango showed varied performance across its metrics. Total open interest declined 3% to $303.6 million, while trading volume declined $1.2 billion, with Ethereum holding a 69% volume share. TVL rose 34% to 17,500 ETH, though TVL declined 54% to $31.7 million in USD terms due to ETH’s 45% QoQ decline. Stablecoin open interest rose, and stablecoin pairs traded more frequently relative to ETH pairs. Optimism also saw increased activity due to a 100,000 OP token incentive program. While overall metrics in USD terms declined in sync with the market, the same cannot be said for ETH terms. Launched in November 2024, the TANGO token closed Q1 at $0.02, with a $2.6 million market cap, while the oTANGO mechanism facilitated airdrops with a discount structure tied to token price. These efforts to enhance the protocol’s functionality bode well for its future utility regardless of market conditions.
    Tags: Contango
  • Kyros: The Rise of Solana Liquid Restaking
    Messari.io - 16:01 Apr 22, 2025
    Kyros has emerged as one of the first liquid restaking protocols on Solana, built atop Jito’s restaking infrastructure. Through its vaults, kySOL and kyJTO, Kyros enables users to capture Solana staking rewards, MEV, and restaking incentives in a liquid format. By connecting with DeFi protocols such as Kamino, Exponent, and Sandglass, Kyros provides users with access to a broader set of yield strategies across Solana’s DeFi ecosystem. Since launching in late 2024, Kyros has grown its TVL to over $36 million, with kySOL representing the majority of deposits. As Solana’s restaking ecosystem develops, Kyros is positioned to play a key role in connecting user capital with decentralized infrastructure and increase market share in the liquid restaking sector.
    Tags: Kyros
  • OpenServ: Building the Agentic Economy
    Messari.io - 13:15 Apr 22, 2025
    OpenServ's vision is to create a collaborative ecosystem of multimodal AI agents capable of advanced reasoning, autonomous decision-making, and seamless integration into everyday workflows. Throughout 2025, OpenServ plans to rapidly iterate on its product offering, starting with developer feedback from its first DeFAI hackathon. OpenServ aims to expand features and partnerships in subsequent quarters, culminating in enterprise-level solutions by the end of the year. Furthermore, OpenServ’s SERV token is intended to be burned from platform activities, creating demand for SERV through user actions. The first application to be powered by OpenServ’s infrastructure will be dash.fun, OpenServ’s flagship consumer application. It aims to be an all-in-one AI agent-powered dashboard to streamline crypto discovery, research, and execution. With its agentic platform and consumer-facing application, dash.fun, OpenServ will be well-positioned in the DeFAI space.
    Tags: OpenServ
  • Fogo Testnet Officially Launches
    Messari.io - 13:00 Apr 22, 2025
    Fogo is an SVM-based Layer-1 blockchain that applies decentralized infrastructure tradeoffs such as (i) a single Firedancer client, (ii) multi-local consensus, and (iii) a curated validator set to match traditional finance performance. The permissioned testnet launched on March 31, 2025, following a devnet in January, is being used to evaluate throughput, latency, and stability in a controlled environment. Early testnet results show ~40ms block times and a TPS of ~46,000. A public explorer was released on April 11 for real-time monitoring, and the Fogo Flames (Points) Program, launched on March 13, tracks participation across staking, trading, and community activity.
  • Understanding Reserve
    Messari.io - 16:20 Apr 21, 2025
    Reserve, founded in 2017 by Nevin Freeman and Matt Elder, initially aimed to offer stable monetary solutions for users facing inflation and unstable currencies. Today, Reserve has evolved into a sophisticated ecosystem offering DTFs, crypto’s decentralized equivalent to traditional ETFs. Through two specialized protocols — Yield and Index — Reserve provides investors with accessible yield opportunities and thematic crypto portfolios, governed transparently by community-chosen governance tokens. Yield RTokens have rapidly achieved product-market fit, capturing significant market share, while Index RTokens, launched in early 2025, are quickly expanding. Reserve’s strategic roadmap focuses on extending its decentralized Index Protocol onto blockchains like Solana, further widening investor access. Beyond decentralized investing, Reserve’s mission is to develop an asset-backed currency that provides global stability and resilience. By combining diversified asset portfolios with decentralized governance, Reserve s...
  • FITCHIN: A New Framework for Tokenized Competitive Gaming
    Messari.io - 14:00 Apr 21, 2025
    FITCHIN is redefining the esports landscape for Spanish-speaking audiences by seamlessly integrating blockchain-enabled tokenization with competitive gaming. By leveraging its robust tournament platform, active community hubs, and the utility of the CHIN token, FITCHIN is expanding beyond traditional esports to create a decentralized ecosystem where engagement and digital ownership converge. With over 200,000 verified users, more than 500 tournaments, and significant social media reach, FITCHIN has built a solid foundation in the LATAM market. The CHIN Token Generation Event and the upcoming launch of Clans Arena further reinforce its strategy to deepen token utility and empower gaming communities through decentralized Clan economies.
    Tags: FITCHIN
  • Understanding CESS Network: A Comprehensive Overview
    Messari.io - 16:00 Apr 18, 2025
    CESS provides a decentralized data value infrastructure supporting applications across DePIN, AI, and DeSci sectors. It employs technologies including DeOSS (Decentralized Object Storage Service), Random Rotational Selection (R²S), Proof of Data Reduplication and Recovery (PoDR²), Proof of Idle Space (PoIS), Proxy Re-encryption Technology (PReT), and Multi-Format Data Rights Confirmation (MDRC) to enhance data sovereignty, integrity, and secure sharing. Its modular architecture, comprising the Blockchain Layer, Distributed Storage Resource Layer, and Content Decentralized Delivery Network (CD²N), is designed to address data privacy, security, and decentralization challenges within Web3 ecosystems.
  • Smarter Science Part 2: The Data Infrastructure Value Chain
    Messari.io - 15:09 Apr 18, 2025
    As AI becomes increasingly central to scientific research, access to high-quality, diverse datasets is emerging as a critical constraint. Traditional models struggle with privacy risks, fragmented data sources, and limited individual control over data use. This report outlines how DeSci offers a new model for data aggregation and utilization that respects user sovereignty and rewards contribution. Projects across the data value chain, from collection and transformation to storage and computation, are building solutions that could collectively reshape how scientific data is shared, monetized, and applied in AI. Though still nascent, the DeSci x AI data ecosystem is seeing rapid development, particularly in areas like wearables, DataDAOs, and privacy-preserving compute. If DeSci protocols can match the usability and performance of Web2 platforms, they stand a strong chance of becoming the next generation of suppliers for data-hungry AI applications.
  • Understanding MapleStory Universe: A Comprehensive Overview
    Messari.io - 13:10 Apr 18, 2025
    MapleStory Universe is a blockchain-integrated expansion of the long-standing MapleStory IP, introducing a utility-driven token model and player-owned asset economy. Built on a custom Avalanche subnet using AvaCloud, the ecosystem is designed to support long-term engagement through composable infrastructure, controlled item issuance, and user-generated content. The NXPC token is the core economic engine, enabling ETF-style mechanics to balance supply and demand. With tools like the MapleStory SDK and Synergy Apps, the project aims to enable modular development while preserving the integrity of the in-game economy.
  • The Road to Approval: Technical and Regulatory Hurdles for Staked ETH ETFs
    Messari.io - 14:30 Apr 17, 2025
    The question of whether Ethereum ETFs will include staking is no longer hypothetical. The regulatory posture is softening, issuers have already filed, and the infrastructure to support staking at an institutional scale is well-developed. What remains is the hard part: ensuring that the design of these products accounts for Ethereum’s unique risks while meeting the expectations of regulators and investors alike.

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