chain

The Binance research report shows that in the first half of 2026, the on-chain market contracted overall rather than experiencing capital rotation. The total locked value in DeFi across the entire chain decreased by $43.4 billion, a decline of 38%; the total market capitalization of the six major mainstream Layer 1 public chains covered in the report decreased by $246.5 billion, a decline of 42%. The Ethereum spot ETF holdings dropped from over 6 million ETH to 5.2 million, while the holdings of digital asset reserve companies increased from 6 million to 7.7 million, indicating a change in marginal holding structure.The report also pointed out that after the increase in Ethereum's Gas limit, the average Gas price decreased by 75% compared to 2025, and the number of transactions grew by about 50%, but the annual on-chain revenue is still expected to decline by 53%. User activity on Layer 2 general networks significantly weakened, with user operations dropping by about 77% from January to June 2026. The Solana network's REV fell from $40 million in January to $14 million in June.On the other hand, BNB Chain performed outstandingly in the field of tokenized stocks and tokenized real-world assets, with the market share of on-chain tokenized RWA increasing from 9.8% to 13.5% in the first half of the year. The report also mentioned that prediction markets, DEX, lending, and tokenized RWA remain among the few major directions that maintain activity.

The founder of TRON, Justin Sun, delivered a video keynote speech at Malaysia Blockchain Week 2026. He stated that DeFi, TradFi, and AI are accelerating their integration through the same assets, payment channels, and user groups. The future of finance will be a connected system operated collaboratively by institutions, open blockchain networks, and AI, and the infrastructure capabilities of TRON will become an important cornerstone supporting this transformation.Justin Sun pointed out that the scale and efficiency of TRON make it naturally suitable for AI agent payment scenarios. The B.AI and Bank of AI within the ecosystem have already endowed AI agents with independent identities and autonomous trading capabilities, with the number of B.AI users exceeding 2 million. He also responded to industry compliance concerns by highlighting the achievement of T3 FCU freezing approximately $450 million in illegal assets, stating that TRON's goal is to build a bridge between humanity and AI, local markets and global liquidity, providing open infrastructure for the next generation of value flow and inclusive finance.Malaysia Blockchain Week 2026 was held from July 29 to 30 at the Kuala Lumpur World Trade Center and is one of the most anticipated Web3 events in Southeast Asia. This event brought together global policymakers, industry leaders, developers, and investors to discuss the future evolution of blockchain, digital assets, and emerging technologies.

According to Aave founder Stani Kulechov, after completing a comprehensive review, Aave will gradually phase out 50 low adoption rate asset reserves across multiple deployment environments and orderly stop deployments on Sonic, Scroll, zkSync, Metis, Soneium, and Aptos, involving an additional 25 asset reserves.In addition, 21 expired Pendle PT assets will also be eliminated and replaced by new expiring assets. This adjustment involves approximately $98.1 million in supply assets and $15.6 million in debt. Stani stated that this move aims to reduce the economic and technical risks of the protocol based on the new Aave risk framework and technical asset listing framework, and Aave will continue to assess the risks of assets in each deployment environment.

According to the official report from Ostium, the core of this attack lies in the intrusion of the off-chain price reporting system's permissions, unrelated to smart contract vulnerabilities. After gaining off-chain authorization, the attacker submitted forged prices (5,000 USD and 60,000 USD) to the BTC-USD market using the legally registered forwarding paths of the protocol, completing an atomic open-close arbitrage cycle within the same transaction, and starting with a rolling scale of 100 USDC. Through 8 transactions, they extracted 23.75 million USDC from the OLP treasury within 5 minutes, until the treasury's circuit breaker mechanism was triggered.The root cause is the lack of a multi-party approval mechanism at the same level as on-chain multi-signature in the off-chain infrastructure, creating a single point of permission vulnerability. The stolen funds have been converted to ETH and mixed through Tornado Cash, and tracking efforts are still ongoing.

The stablecoin infrastructure company Brale has launched the ION Protocol, an interoperability system that allows participants to transfer stablecoins across blockchains by destroying tokens on one chain and minting tokens on another chain. The ION Protocol is now live on the testnet.Currently, there are over 350 types of stablecoins in the market, with a total market capitalization exceeding $300 billion, and market growth is accompanied by fragmented liquidity. Brale stated that, unlike traditional blockchain bridges that rely on pre-funded liquidity pools, ION aims to reduce capital requirements and address liquidity bottlenecks in the scaling of custom stablecoins.

AI supply chain management startup Freehand announced the completion of a $75 million financing round, co-led by Battery Ventures and NewRoad Capital Partners, with participation from Nexus Venture Partners and the fund PSP Growth under former U.S. Secretary of Commerce Penny Pritzker.Freehand's AI agents can autonomously handle tasks such as contract interpretation, vendor rate negotiations, overbilling identification, payment processing, and ERP system reconciliation. Clients include leading companies such as Meta, Unilever, Johnson & Johnson, Pfizer, Dunkin', and Cardinal Health.

According to CoinDesk, Bank of New York Mellon is migrating its core transfer agency records to the blockchain to create a single on-chain ownership ledger and reduce reliance on intermediaries.Initially, this initiative will support clients such as Baillie Gifford, BlackRock, and Dreyfus under BNY, covering the first fully native, UK-regulated tokenized fund and other planned tokenized products. BNY and other large banks are building blockchain-based infrastructure and a tokenized deposit network.The bank expects that traditional systems will continue to coexist in the coming years amid ongoing cybersecurity and smart contract risks.

The on-chain spot exchange Rialto has launched the Robinhood Chain token issuance platform Varo. Varo adopts a contract architecture based on Uniswap V3, with no binding curve or graduation fees. Tokens can be traded instantly through the Uniswap liquidity pool at the time of issuance and can be integrated with platforms such as Uniswap, GMGN, LI.FI, BasedBot, and Definitive.Each token issued on Varo has a fixed supply of 100 million tokens, and the initial market value is set by Varo (for example, 60,000 USDG or 30 WETH). There are no reserved shares for teams or developers, and liquidity positions are permanently locked in the contract. The trading fee is 1%, of which 30% belongs to Rialto.The project team also stated that a "one code corresponds to one token" mechanism is used to prevent confusion with tokens of the same name and that the higher initial market value setting aims to reduce the economic incentive for sniper bots to accumulate tokens at low cost.

On-chain data shows that the cumulative destruction amount of the JST black hole address has exceeded 1.604 billion, with the current on-chain value approximately 161 million USD. Since the launch of the buyback and burn plan, JustLend DAO has completed four rounds of buyback and burn driven by real protocol revenue, all operations are publicly traceable on-chain.As of now, the cumulative destruction amount of JST has surpassed 17% of the total supply, and the deflation process continues to deepen. As a core infrastructure of the TRON DeFi ecosystem, JustLend DAO will continue to promote the iterative upgrade of the buyback and burn mechanism, supported by real protocol revenue, continuously strengthening the deflationary path of JST, and creating a more certain long-term value anchor for holders.

According to on-chain analyst Yu Jin's monitoring, 10 minutes ago an address withdrew 40,000 ETH ($76.67 million) from Binance to the blockchain.

Antpool mined Bitcoin block 941,881 at 15:49:35 UTC, and Foundry USA mined another version at the same height 12 seconds later, leading to a brief formation of two competing chains on the Bitcoin blockchain.Subsequently, ViaBTC extended block 941,882 on the Antpool version, and Foundry USA continued to extend its own branch. Foundry USA then consecutively mined blocks 941,883 to 941,886, with its branch accumulating more work. Nodes then reorganized to the Foundry USA version, and the blocks mined by Antpool and ViaBTC were orphaned. Relevant miners lost the corresponding block rewards and transaction fees, and transactions not confirmed on the winning chain re-entered the memory pool and were confirmed in subsequent blocks.

Binance announced that it will support the BNB Smart Chain (BEP20) network upgrade and hard fork.To accommodate this arrangement, the platform will suspend deposits and withdrawals for this network starting from July 30, 2026, at 05:55 (UTC), and wallet maintenance will begin at 06:00 (UTC), expected to last for about 1 hour.

According to the Dune panel data maintained by the OKX Web3 wallet team, the average daily trading volume of tokenized stocks on the Robinhood Chain reached $29.7 million in the past week, surpassing the combined total of xStocks ($11.1 million) and Backpack Sunrise ($13.4 million) on Solana. The main reason for this growth is that launch platforms like Bankr and long.xyz have allowed users to issue meme coins paired with tokenized stocks for liquidity since mid-July, covering over 90 stock codes. The trading of meme coins generates trading volume for stock tokens while locking the stock tokens in liquidity pools.The tokenized stock with the highest on-chain trading volume is Nvidia (daily trading volume of $13.9 million), followed by SpaceX ($6.2 million) and Apple ($4.5 million). The number of daily active tokenized stock traders peaked at over 20,000 during the week of July 20, the highest among all stock token platforms.However, Binance's bStocks on the BNB Chain has an average daily trading volume of $676.8 million, more than 20 times that of Robinhood. Tokenized stocks still account for only a small portion of the total DEX trading volume on the Robinhood Chain, with most on-chain activity still dominated by meme coins like CASHCAT.

According to the latest weekly report from Gate Ventures, global risk assets are under pressure due to adjustments in technology stocks, fluctuations in the energy market, and changes in macro expectations, with the cryptocurrency market showing a volatile recovery trend. BTC rose 1.1% over the week, ETH rose 4.4%, pushing the ETH/BTC ratio up by 2.2%, and the total market capitalization of cryptocurrencies increased by 1.03%. In terms of capital flow, the net inflow for spot BTC ETFs was only $33.8 million for the week, the lowest level since their launch; the net inflow for spot ETH ETFs during the same period was $103.9 million, indicating an improvement in market sentiment, with the Fear and Greed Index rising to 30, but still in the "fear" range. Meanwhile, the price of STRC under Strategy remained around $86, trading below par for the ninth consecutive week, with the institutional holding ratio continuing to increase, and the market is paying attention to its subsequent performance.In terms of industry development, stablecoin payments and the construction of blockchain financial infrastructure are continuing to advance. KB Kookmin Bank is collaborating with Kinexys, a subsidiary of JPMorgan, to explore blockchain-based cross-border payment services, further promoting traditional financial institutions' layout in on-chain payment scenarios; Kakao and Circle are exploring the payment infrastructure for a Korean won stablecoin, accelerating the application exploration of stablecoins in retail payments and cross-border settlements. In terms of investment and financing, a total of 8 financing transactions were completed last week, with a disclosed total financing amount of $196.5 million, among which the financing scale in the infrastructure sector was the highest, reaching $193 million, and the stablecoin clearing infrastructure project Augustus completed $180 million in financing. Overall, the market's short-term risk appetite remains cautious, but stablecoin payments, on-chain clearing, and financial infrastructure construction continue to attract capital attention.

According to TenArmorAlert monitoring, its system detected a suspicious attack involving the LULA token on the BSC chain, resulting in a loss of approximately $578,100.

Ten European financial institutions have jointly launched Regulated Layer One (RL1). This network has been established and is operational in Luxembourg as a European cooperative, targeting regulated financial markets and tokenized assets. The founding members of RL1 include ABN AMRO, Cecabank, Chartered Investment, Crédit Mutuel Alliance Fédérale, DekaBank, DZ BANK, LBBW, Natixis CIB, SC Ventures, and Seturion. RL1 indicates that each member has equal decision-making power in network governance and development.This private permissioned network is based on the infrastructure developed by the German fintech company Secure Worldwide Interbank Asset Transfer (SWIAT), which has transferred ownership of the network to the cooperative. SWIAT states that the platform has processed over 50 transactions amounting to more than 700 million euros during its three years of production use. The intended uses of RL1 include digital currencies, tokenized bonds, collateral, and blockchain-based settlement. RL1 will be led by former SWIAT Managing Director Henning Vollbehr, and KfW and L-Bank will continue to support the initiative. RL1 is in discussions with more institutions, including NatWest, about joining the network.

According to official news, Base Build announced the launch of Base Verify Onchain to address the issue of witch attacks in the blockchain ecosystem. This feature has been launched on the Base Sepolia test network, allowing developers to implement the "one real user, one claim" rule in smart contracts. Base Build stated that traditional airdrop mechanisms are easily manipulated by bulk wallets, and a large number of rewards are often obtained by professional airdrop farmers, while users who genuinely participate in product development can only receive limited benefits.Base Verify Onchain helps project teams identify multiple wallets controlled by the same user by generating a stable identity hash for each real user, without needing to obtain users' names, account information, or other private data. Users can complete verification through existing accounts such as Coinbase, Instagram, X, and TikTok. The system then returns a verified identity credential to the smart contract, which automatically enforces rules such as claim limits, voting restrictions, or quota controls. Currently, Base Verify has been used over 300,000 times and serves collaborative projects such as Base App, Cody, Scratch, and Bracket. Base Build stated that Verify Onchain will provide fairer airdrops, token distributions, governance voting, and user incentive mechanisms for decentralized applications. Developers can use this technology to limit the number of claims per real user, allocate rewards based on real identities, or convert real-world signals into on-chain credibility, thereby reducing the impact of bots and multi-wallet manipulation on the fairness of Web3 applications.

According to PR Newswire, the on-chain execution infrastructure company Birdai Labs announced the completion of a $4 million seed round financing, led by Castle Island Ventures, with participation from Metalayer Ventures and The Venture Dept.Birdai Labs focuses on providing measurement, verification, and optimization infrastructure for transaction execution quality on high-performance public chains, aiming to reduce value loss between orders and executions caused by sorting and propagation, and to return more value to traders and market makers. The company's team comes from traditional financial institutions such as Franklin Templeton and Citadel, and is expanding its senior engineering and quantitative research team to adapt to on-chain execution competition under a multi-proposer architecture, and to provide verifiable fairness and transparency execution standards for future institutional participation in the digital asset market.

The tokenization platform xStocks announced the launch of its third IPO tokenization product, targeting the American sandwich chain brand Jersey Mike's, which will be issued on Solana, EVM, and TON. Users can submit subscription intentions through Kraken. According to its disclosure, Jersey Mike's has over 3,330 stores and sales of $4.3 billion. Previously, xStocks' two IPO tokenization targets were SpaceX and Bending Spoons.xStocks stated that this type of IPO tokenization product only provides price exposure and does not represent direct ownership. The allocation of shares is not determined by xStocks or Kraken and may be fully, partially, or not allocated at all. Unallocated funds will be returned, and it is not open to individuals from the United States, the United Kingdom, or Canada.