Industry Reports

According to a post by Telegram founder Pavel Durov on X on May 12, TON Core has launched a unified smart contract toolchain called Acton, which went live on May 8. Durov said Acton increases TON smart contract development speed by 10x, replacing TON’s previously fragmented tool stack with a unified development workflow, and it also supports AI. Acton Toolchain Core Functions and Technical Architecture According to Durov’s announcement on X, Acton is an integrated command-line interface (CLI) to

According to Token Terminal data, xStocks' Ethereum market cap has surpassed $100 million year-to-date, up approximately 1,000% since the start of 2026, driven primarily by STRCx. The platform's assets on BNB Chain have separately exceeded $30 million, consisting mainly of tokenized commodities

Sharplink reported first-quarter 2026 revenue of $12.1 million on Monday, a significant increase from $742,000 in the same period last year, driven primarily by staking income from its treasury strategy, according to the company's earnings disclosure. Financial Results and Holdings Despite

According to Decrypt, Keel Infrastructure (formerly Bitfarms) reported a Q1 net loss of $145 million on May 12, with revenue declining 23% year-over-year to $37 million and operating losses expanding to $98 million. The company has completed its transformation from a Canadian Bitcoin mining

According to Marathon Digital's Q1 2026 earnings report, the bitcoin miner posted a net loss of $1.3 billion, with revenue declining 18% year-over-year to $174.6 million. The loss was primarily driven by unrealized losses on 38,689 BTC held on the company's balance sheet. During the quarter, Maratho

According to CleanSpark, the bitcoin miner reported a net loss of $378.3 million for its second fiscal quarter ended March 31, 2026, up 173% year-on-year from $138.8 million in the same period last year. The loss included $224.1 million tied to its bitcoin holdings. The company held $925.2 million

According to Coinshares, cryptocurrency investment products saw inflows of $857.9 million last week, marking the sixth consecutive positive week. Bitcoin dominated inflows with $706.1 million, bringing year-to-date cumulative inflows to $4.9 billion. Ethereum reversed the previous week's outflow, re

According to a16z Crypto, stablecoin transaction volume reached approximately $9 trillion in 2025, positioning stablecoins on par with global payment networks like Visa and PayPal. The total supply of U.S. dollar-denominated stablecoins exceeded $270 billion, with cross-border payments, B2B

According to SharpLink's Q1 2026 earnings report filed for the period ending March 31, the Nasdaq-listed Ethereum treasury company increased its ETH holdings to 873,000 (up approximately 3,000 ETH from late March), with GAAP-valued crypto assets totaling approximately $1.7 billion. Since launching i

According to Circle's Q1 2026 earnings report, USDC on-chain transaction volume reached $21.5 trillion in the first quarter, up 263% year-over-year. Circle reported total revenue and reserve earnings of $694 million, representing a 20% increase compared to the same period last year. The company

According to BlockBeats, on May 11, spot trading volumes on major centralized exchanges declined 9.96% month-on-month in April 2026, while perpetual futures trading volumes fell 13.61% compared to February. On-chain perpetual DEX trading volumes experienced a steeper decline of 21.10% month-on-month

According to CoinGecko, tokenized real-world assets (RWA) reached a market capitalization of $193.2 billion as of March 31, 2026, up 256.7% year-over-year from $54.2 billion at the start of 2025. Tokenized U.S. Treasuries remained the largest category with over $100 billion in value, while tokenized

According to BlockBeats citing CoinGecko data, tokenized gold spot trading reached $90.7 billion in the first quarter of 2026 as of May 11, exceeding 2025's full-year total of $84.64 billion. PAXG and XAUT dominated the market, accounting for 34.2% to 82.5% and 14.8% to 64.6% of monthly trading

According to DefiLlama data as of May 11, over the past 30 days, the decentralized finance (DeFi) platforms Hyperliquid, Pump.fun, and EdgeX together distributed about $96.30 million in earnings to token holders, including Hyperliquid’s distribution of $50.95 million. Three major platforms’ earnings distribution data over the past 30 days Based on DefiLlama data, Hyperliquid led the way over the past 30 days with a distribution amount of $50.95 million, with all its earnings distributed to token

According to CoinDesk, Trump Media & Technology Group (TMTG) reported a Q1 2026 net loss of $405.9 million, primarily driven by unrealized losses on its cryptocurrency holdings. The company holds 9,542 bitcoins valued at $767 million, with an average purchase cost of $118,529 per BTC. TMTG also hold

According to DefiLlama, Hyperliquid, EdgeX, and Pump.fun collectively distributed $96.3 million in revenue to token holders over the past 30 days. Hyperliquid led with $50.95 million in distributions from total revenue, returning all proceeds directly to holders with zero incentive spending. Pump.fu

According to ChainCatcher, Base's x402 protocol payments totaled more than $100 million in Q1 2026. Over 90% of on-chain AI agent stablecoin transactions occurred on the Base network.

Trump Media reported a net loss of $406 million in the first quarter, with cryptocurrency asset impairments significantly contributing to the decline. The company's digital asset holdings experienced substantial paper losses during the