ecosystem

Stacks, the second-layer platform for Bitcoin, has released its third-quarter ecosystem report. The data shows that a total of 735 BTC entered the Bitcoin staking system during the first two locking periods. Since the PoX-5 hard fork, the number of STX participating in staking has increased by over 25%, rising from 392 million to 493 million.In the first locking period (Bond 1), a total of 230 BTC was deposited, with participants including 21shares, HashKey Cloud, UTXO Management, and Sypher Capital. The deposit amount in the second locking period doubled to 505 BTC. The locked value of Zest Protocol exceeds 80 million dollars, with deposits over 122 million dollars, total borrowings exceeding 42 million dollars, and 800 Bitcoin deployed as collateral.Stacks plans to launch a self-custodial lending feature backed by staked Bitcoin in the fourth quarter, along with the introduction of the Earn treasury, and further integration of stBTC with platforms such as Zest, Bitflow, and Hermetica. Additionally, Stacks plans to release the Epoch 4.1 network upgrade in early December, which includes improvements to the smart contract language Clarity.

Midea Group has entered the NVIDIA MGX AI Factory ecosystem and partner list announced by NVIDIA, marking the company's entry into the NVIDIA MGX ecosystem.As the power density of the Vera Rubin platform rack increases, MGX ecosystem partners can participate in thermal management specification docking and system-level verification in advance, gaining a first-mover advantage in global AI factory projects.

DeFi yield protocol infiniFi announced the token economics of its native token INFI and announced an upcoming Token Generation Event (TGE).According to the allocation plan, 45% is allocated to the ecosystem, with the team and investors each accounting for 20%, and the foundation accounting for 15%. infiniFi adopts an on-chain partial reserve model, primarily providing stablecoin deposits and yield management services.

Robinhood CEO Vlad Tenev stated on the X platform yesterday, "We hope that Robinhood will have the best builders on-chain, and we are investing to make this a reality. More details will be announced soon." This news subsequently continued to ferment within the community, with crypto KOL @rickytheirish claiming that the Robinhood chain will launch a funding program exceeding $100 million, aimed at ecological builders.According to GMGN market data, possibly influenced by the above news, the Robinhood chain's ecological tokens experienced a rebound: PONS is currently priced at $0.324, with a 24-hour increase of 16.4%; Artificial Inu is currently priced at $0.101, with a 24-hour increase of 20.7%; BUN is currently priced at $0.0563, with a 24-hour increase of 17.38%; some small-cap varieties, including PRIORS and Index, also showed significant rebounds. ChainCatcher reminds users that the related rumors have not been officially confirmed, and the prices of on-chain tokens are highly volatile, so users should invest cautiously.

According to GMGN data, the market capitalization of Robinhood ecosystem HOOKR briefly surpassed 30 million USD, currently reported at 28.3 million USD, with a 24H increase of over 35%. It is reported that HOOKR is the project token of the programmable market Launchpad Hookr.fun on the Robinhood Chain.Hookr.fun is built on Uniswap v4 Hooks, allowing users to issue tokens and combine custom trading rules such as Anti-Snipe, dynamic fees, automatic burn, LP rewards, and Nth-buy Pot, while establishing the Hook market. Other projects can pay fees to its developers when using related Hooks. In addition, the platform supports trading pairs with ETH or HOOKR as new tokens, where part of the ETH trading fees can be used to buy back and burn HOOKR, forming a token mechanism linked to the platform's trading activities.According to market news, HOOKR's price is highly volatile and easily influenced by the popularity of the Robinhood Chain ecosystem and market sentiment, please be aware of trading risks.

According to CoinDesk, the cryptocurrency exchange MNX, developed by the prediction market platform Manifold Markets, officially launched on Tuesday, offering futures contracts linked to the valuations of private AI companies such as OpenAI, Anthropic, DeepSeek, and Moonshot. The platform is built on the MegaETH blockchain and completed a $6.4 million funding round in June, led by Village Global.Compared to existing products from OKX and Bitget, MNX's contracts expire at the end of 2027 and do not charge periodic funding rates; the perpetual contracts offered by Bitget and OKX have no expiration date. Max Killberg from Village Global stated that AI is driving one of the largest investment cycles in history, but the financial infrastructure surrounding it remains quite underdeveloped. The organization hopes to build financial markets around AI rather than just betting on another prediction market.Stephen Gruggett, co-founder of Manifold Markets, indicated that MNX's model is better suited for private companies like OpenAI and Anthropic, which have infrequent equity trades and are difficult to price. Traders can use up to three times leverage, with prices determined by trading activity on the MNX platform rather than external price sources.If the company is still not publicly listed when the contracts expire, the exchange will use public valuations from funding rounds, investment funds, or secondary markets; MNX currently does not serve U.S. customers but plans to obtain the necessary licenses and intends to launch markets covering a broader range of the AI economy, including company revenue, employment, housing, AI supply chains, and computing power.

According to GMGN market data, the market capitalization of the Solana ecosystem meme coin BATON briefly surpassed 20 million USD, reaching a historical high, currently reported at 19.74 million USD, with a daily increase of over 53%.In terms of related narratives, the name BATON originates from Pump.fun's predecessor Baton Corporation, and is viewed by the community as a meme coin related to the early corporate identity of Pump.fun. Meme coin prices are highly volatile and easily influenced by market sentiment and trending events, please be aware of trading risks.

According to official news, ASTER has connected to Solana through Sunrise, and users can currently access and trade ASTER within the Solana ecosystem.Aster stated that this connection will further expand the trading and usage channels of ASTER across different blockchain ecosystems.

According to GMGN market data, the market capitalization of the SOL ecosystem meme coin CLAUDIA briefly surpassed 9 million USD, now falling back to about 8 million USD, with a daily increase of over 580%. In terms of related narratives, CLAUDIA revolves around the AI character IP designed by AI creator Anabology, which has recently attracted the attention of a16z co-founder Marc Andreessen.Community opinions suggest that the core narrative of CLAUDIA lies in the AI character IP and its commercialization potential. The developers recently interacted with Elon Musk and plan to use transaction fees for AI movie production, with the possibility of launching related peripheral products in the future. Meme coin prices are highly volatile and easily influenced by market sentiment and hot events, so please be aware of trading risks.

Robinhood ecosystem AI project Orbio announced the completion of a $1.2 million seed round financing, with participating institutions not yet disclosed. The official statement indicated that this portion of funds will be used to build a track for self-configured computing, hardware, and top-notch private infrastructure.As of the time of publication, according to GMGN market data, the market capitalization of ORBIO tokens is reported at $53.42 million, with a 24-hour increase of 26%. ORBIO was issued on the Pons platform, based on Nvidia stock tokens. Public information shows that the project aims to create a low-cost AI points trading market, offering discounts on points for over 400 AI models, including Claude Fable and GPT Astra. The trading volume of related tokens is small, and price fluctuations are significant, so users should invest cautiously.

TRON DeFi Summer S3 is ongoing, and JST, as the governance token of JUST and JustLend DAO, is opening new on-chain revenue opportunities for holders. Users can access JustLend DAO through Binance Wallet DeFi and participate in the $300,000 JST Boost reward pool. By depositing 1000+ JST, users can join the S3 event and enjoy Boost incentives. Holding JST not only allows participation in protocol governance and community voting but also enables additional earnings in S3, releasing dual value from the governance token. The real-time APR fluctuates with market conditions and is subject to the final display on the event page.

The decentralized exchange Orca based on Solana has announced a merger with the lending platform Loopscale, with the new entity named Formation. After the merger, the team will be led by Loopscale co-founder Luke Truitt as CEO. Formation plans to combine Orca's trading infrastructure with Loopscale's lending and investment vaults to provide a one-stop path for emerging assets from issuance, financing to trading.The company aims to extend from crypto trading and lending into capital-intensive fields such as AI, energy, robotics, and defense. Truitt stated that the pace at which the frontier economy creates new business models and financing demands is faster than the evolution of traditional market infrastructure. Formation claims that traditional financing is too costly for smaller-scale transactions and plans to reduce costs and eventually connect to regulated U.S. capital markets. In the coming year, Formation will launch tools and new investment strategies aimed at asset issuers and has already partnered with Figure, Shinhan Asset Management, Superstate, R3, and Securitize to promote asset tokenization and distribution.Christopher Montagano from Orca will serve as Formation's Chief Strategy and Legal Officer, stating that mere liquidity is not enough to scale assets. Both parties confirmed that the existing agreements will still form the basis for the ORCA and xORCA token networks, and the financial terms of the merger have not been disclosed.

Cronos Network posted on platform X that both proposals for the token economic model have been approved by community voting. According to the proposal results, 228 million CRO in the Cronos community pool has been successfully burned, bringing the total amount burned to 428 million CRO.At the same time, 100% of the revenue generated from Cronos Ult and Cronos Launch will be used for open market repurchases of CRO, with monthly burns conducted, and each transaction hash will be made public. Cronos stated that the staking reward mechanism remains unchanged, and the related rewards will continue to be funded by the Strategic Reserve.

Bonk Guy posted an analysis of the Robinhood chain ecosystem on X, urging Robinhood to strengthen its efforts on ecosystem tokens. He believes that the previous rise of the chain primarily relied on Robinhood's large retail user base and the narrative surrounding token listings, rather than technical advantages, thus creating a flywheel effect.Bonk Guy pointed out that the Robinhood chain has recently weakened, with reasons including the need for a correction after the previous large increase in ecosystem tokens, funds being diverted due to the recovery of Solana, and Robinhood's insufficient follow-up on ecosystem projects like PONS and AI.He stated that the absence of a collapse in the ecosystem after the HOOD Summit is a positive signal, and he remains optimistic about the user base and the flywheel effect of token listings in this ecosystem; if Robinhood increases listing catalysts and strengthens the distribution effect of token listings, on-chain activities will warm up in a bull market, and the next wave of increases will arrive soon.

Aave founder Stani Kulechov expressed disappointment on the X platform regarding the responses from the European Central Bank (ECB) and the European Banking Authority (EBA) to the MiCA consultation. He stated that both institutions not only advocate for banning stablecoin payment yields but also propose restrictions on crypto asset service providers (CASP) offering users access to DeFi, including services involving non-MiCA authorized stablecoin yield protocols.Kulechov indicated that the relevant opinions also involve restricting DeFi services to specific user groups through "suitability tests" and potentially establishing a certification system for DeFi lending protocols. He believes that if regulators decide which protocols are suitable for European users, it could lead to more closed ecosystems, weakening the liquidity and network effects of open DeFi, and limiting opportunities for European users to participate in on-chain finance.

According to GMGN market data, the market capitalization of the SOL ecosystem Meme coin SI once exceeded 55 million USD, currently reported at 42.9 million USD, with a daily increase of over 81%.On the news front, U.S. President Trump previously stated that he signed documents related to the development of artificial intelligence with executives from several technology companies, describing it as "a kind of constitution in a sense," which has "moral binding force." Additionally, Trump announced that "artificial intelligence" AI would be referred to as "super intelligence" SI, driving market attention towards related Meme coin narratives. Meme coin prices are highly volatile and easily influenced by market sentiment and hot events, please be aware of trading risks.

Cindy Leow, co-founder of the Solana perpetual contract exchange Drift (now Velocity), stated thatVelocity has completed audits with OtterSec and Asymmetric Research this week and is fully open-sourced, with the exchange restarting today.At the same time, as the exchange restarts and enters the next phase, she will step down. Previously, ChainCatcher reported on April 1 that Velocity was hacked by North Korean hackers due to a security vulnerability, resulting in a theft of $295 million.

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "When Stocks Start to Go On-Chain and AI Begins Trading: Will DeFi Become the Operating System of the Next Generation Digital Economy?" on September 29 at 8 PM at X Space.This event will focus on how RWA brings real assets on-chain, as well as the industry trend of AI Agents transitioning from "providing information" to "autonomous decision-making and execution." It will explore the changing role of DeFi when on-chain finance serves both "humans" and "machines." Special invited industry KOLs will analyze the evolutionary path from humans actively invoking protocols to Agents holding wallets, autonomously seeking liquidity, and executing trades. They will assess whether the existing liquidity and trading infrastructure can support the next stage of a more automated on-chain economy and will dissect the operational logic of the next generation of on-chain finance at the intersection of RWA, AI Agents, and DeFi.

According to GMGN market data, the market capitalization of the ETH ecosystem token STOCKER briefly surpassed 6 million USD, currently reported at 5 million USD. According to the project introduction, STOCKER is positioned as an Ethereum ecosystem Meme/Stocks Launchpad, built on Ondo tokenized stocks, allowing users to create tokens and trade them in pairs with real stock tokens on the Ethereum chain.The price of this token is highly volatile and easily influenced by market sentiment and hot events, please be aware of trading risks.