Dragonfly Partner: The listing team's issuance terms are better than last year, possibly due to the high demand for token projects

RLUSD on-chain throughput soars to $6.3 billion per month, is a stablecoin settlement network taking shape?

February 14 News, RLUSD has been continuously expanding since its launch in December 2024. After early support from multiple platforms, its market capitalization quickly surpassed $1 billion. By 2026, key changes occurred in its liquidity structure, with a global distribution network and zero-fee incentives driving increased trading volume, while custodial deposits contributed to a simultaneous rise in reserves and trading activity. With the withdrawal function and XRPL deposit channel opening on February 12, the on-chain migration of RLUSD has significantly accelerated, and its cross-border payment and multi-network circulation capabilities are gradually taking shape. As of mid-February 2026, RLUSD's circulating supply has increased to approximately $1.52 billion. During this period, the supply was expanded through three issuance events, and some tokens were burned on the Ethereum network to curb excess supply, with the collateralization rate remaining above 103%. On-chain distribution has also become clearer: approximately 77% to 79% of the balance is held on Ethereum, mainly for liquidity and collateral purposes; XRPL holds about 22% to 23%, focusing more on fast settlement and payment routing.

BIP-360 Sparks Quantum Hot Topic: Can Bitcoin Upgrades Ease Selling Pressure and Restore Confidence?

February 14 News, the Bitcoin community has recently engaged in intense discussions about post-quantum security upgrades. With the exposure of the BIP-360 proposal, core developers plan to implement a soft fork to introduce stronger resistance to quantum attacks for Taproot-based addresses. This proposal is seen as an important step for Bitcoin to address future quantum computing threats and has become a focal point of current market attention. The core goal of BIP-360 is to reduce the risk of exposing public keys in Pay-to-Taproot (P2TR) addresses during transactions. The scheme will remove the "key-to-spend" path and introduce a Pay-to-Merkle-Root (P2MR) structure, enabling verification without exposing the public key. Since Taproot was widely adopted after its launch in 2021, related risks were initially overlooked but are now recognized as potential systemic vulnerabilities.

Aave launches "Token Center" model: 100% of product revenue goes to DAO, applying for $50 million in funding support

February 14 News, the governance game between Aave Labs and Aave DAO has heated up again. Aave Labs announced a "Token Center" framework, promising that all revenue generated from its Aave brand products will flow 100% to the DAO to strengthen the ecosystem's long-term value capture capabilities. The involved products include Aave.com, mobile applications, the Aave Card, and the tokenization platform Aave Horizon. Stani Kulechov, founder and CEO of Aave Labs, stated that this model positions it as a long-term service provider for the DAO, laying the foundation for Aave to seize emerging growth opportunities amid the integration of DeFi and traditional finance. As consideration, Aave Labs is requesting approximately $50 million in support from the DAO, including 75,000 AAVE tokens, for ongoing development of related products, and has proposed establishing a foundation to manage Aave brand affairs.

Solana daily transactions reach 285 million, with a record high of 3300 TPS, but SOL on-chain revenue is only $620,000, and whale selling pressure is intensifying.

February 14 News, as high-throughput narratives continue to heat up, Solana is attracting market attention with its astonishing on-chain activity. Data shows that its daily transaction volume has reached approximately 285 million transactions, with peak processing capacity of about 3300 TPS, three times the combined scale of the Ethereum mainnet and all its layer 2 networks. Meanwhile, the number of active addresses has risen to about 2.6 million, giving Solana a clear advantage in DeFi matching, on-chain payments, and high-frequency applications. However, differences in transaction structures are exposing potential issues. A large number of voting transactions are included in the total, while the proportion of real user activity is not high. The network success rate remains between 40% and 50%, reflecting noise caused by bot activity and congestion. High frequency does not equal high value, and there is still a gap between usage scale and monetary conversion capability.