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Messari released the BNB Chain Q4 2025 report, stating that the year-end market capitalization of BNB reached $118.9 billion, a year-on-year increase of 17.8%, making it the third largest cryptocurrency asset; the average daily trading volume in Q4 increased by 30.4% to 17.3 million transactions, and the number of active addresses rose to 2.6 million.RWA has become the main growth engine, with an on-chain scale of $2 billion, a quarter-on-quarter increase of 228% and a year-on-year increase of 555%, second only to Ethereum; the market capitalization of stablecoins increased by 9.2% to $15.2 billion, and the DeFi TVL was $6.6 billion, with PancakeSwap accounting for 33.5%.

According to Decrypt, the AI agent infrastructure protocol Warden has completed a $4 million strategic funding round at a valuation of $200 million, with participation from 0G, Messari, Venice.AI, and others. The funds raised will be used to accelerate product development and support the expansion of its agent capabilities in scenarios such as trading, automation, and programmable wealth.

Messari recently released a research report that provides an in-depth analysis of the market structure evolution of Bitget, pointing out that its Universal Exchange (UEX) model has entered a stage of scalable growth driven by tokenized assets and institutional business. According to the report, as of December 2025, the total trading volume related to U.S. stocks on the Bitget platform has surpassed $18 billion.In terms of segmented business performance, tokenized stocks have become one of the most significant growth areas for Bitget. The report mentions that this business has rapidly expanded since its launch in July 2025, with related futures trading volume reaching $17.1 billion and spot trading volume in December amounting to approximately $1 billion. Notably, Bitget holds nearly 90% of the market share in the overall trading activity of Ondo tokenized stocks.Additionally, the report also discusses the overall expansion of the Bitget Universal Exchange (UEX) architecture. Since its launch in April 2025, the on-chain trading segment of Bitget has accumulated a trading volume of over $2.4 billion. Messari believes that as institutional participation continues to rise, the UEX model reflects not only an expansion at the product level but also indicates that trading infrastructure is evolving from a relatively decentralized model to a more unified and integrated system.

According to Messari's latest report, the market capitalization of BNB Chain in Q3 2025 increased by 51.6% to $140.4 billion, ranking fifth in the crypto market; the total value locked (TVL) in DeFi grew by 30.7% to $7.8 billion, surpassing Tron to rise to third.The market capitalization of stablecoins increased by 32.3% to $13.9 billion, with USDT accounting for 57.4%. USDe surged over 10 times to $430 million, while USDF increased to $360 million.

According to the Filecoin Q3 status report released by Messari, the network utilization of Filecoin rose to 36% in the third quarter, total capacity decreased to 3.0 EiB, and network fees increased by 14% month-on-month to approximately $793,000, of which penalties accounted for about 99.5%. The v27 "Golden Week" upgrade removed the old sector method, with base and batch fees nearly zero. Active storage slightly decreased by 1% to 1,110 PiB, and the daily average new transaction volume dropped by 19%. The number of live datasets increased to 2,491, of which 925 exceeded 1,000 TiB. FVM token activity remained stable in FIL; DeFi TVL decreased by 8.4% to approximately $27 million; and USDFC circulation dropped by 8.5% to about $275,000. The Filecoin Foundation and GSR Foundation are promoting collaboration in cultural and scientific data storage.In addition, according to the official Filecoin announcement, Filecoin Onchain Cloud will officially launch at 0:00 Beijing time on November 19, with a live broadcast on YouTube. The platform aims to build a decentralized, developer-owned cloud infrastructure, covering modules such as storage, computing, retrieval, and access control, serving the new era of data, AI, and applications.

ChainCatcher news, Messari's enterprise research manager posted on platform X that despite Bitcoin's price hitting new highs this year, its network activity has plummeted. Currently, Bitcoin's daily average transaction fee revenue is less than $500,000 (annualized at $179 million), the lowest level since the emergence of Ordinals and Runes.

ChainCatcher news, Messari's latest report on BNB Chain for Q2 2025 shows that BNB Chain continued to maintain strong growth in the second quarter, with user activity and on-chain transactions reaching all-time highs.Daily active addresses and transaction volume saw significant increases, DeFi activity remained robust, and DEX transaction volume, as well as stablecoin transaction counts and active users, ranked first across the entire chain, solidifying its leading position in the Web3 ecosystem.Key highlights: Market capitalization and investor confidence: BNB's market capitalization increased by 7.5% quarter-over-quarter, reaching $92.6 billion.On-chain transactions and activity: Average daily transaction volume increased by 101.9% quarter-over-quarter to 9.9 million transactions, and average daily active addresses grew by 33.2% to 1.6 million; 17 million new addresses were added in May.DEX performance: DEX transaction volume ranked first across the entire chain, with an average daily transaction volume of $3.3 billion in Q2, PancakeSwap's market share at 85.1%, and Uniswap increasing by 755.4% quarter-over-quarter to $297 million.Network fees decreased by 90% to 0.1 gwei.Stablecoins: Stablecoin market capitalization increased by 49.6% quarter-over-quarter to $10.5 billion, with USD1 reaching $2.2 billion at launch, and USDT dominating with a market capitalization of $6.3 billion; BSC stablecoin transaction counts and active users ranked first across the entire chain.DeFi TVL: Increased by 14% quarter-over-quarter to $9.9 billion, maintaining fourth place.Technical upgrades: The Lorentz and Maxwell hard forks reduced block time to 0.75 seconds, and the opBNB and Volta upgrades increased cross-chain TVL to $64.9 million; Volta's block interval was shortened to 500 milliseconds, achieving sub-second finality.Ecosystem support: MVB Season 9 supported 16 early-stage projects; the stablecoin zero-fee carnival subsidized $4 million in Gas fees, accelerating user adoption.

ChainCatcher news, Messari released a research report on the decentralized AI infrastructure Mira. Mira optimizes the reliability of AI outputs through a distributed model consensus mechanism, with its verification layer improving the accuracy of AI facts in scenarios such as finance and education from 70% to 96%. The protocol breaks down AI outputs into independent factual statements, which are cross-verified by heterogeneous models provided by node operators such as Io.Net and Aethir, requiring consensus from over 2/3 of the nodes to pass.Mira currently processes over 3 billion text tokens daily, covering 4.5 million users across chatbots, educational platforms, and more. The protocol employs an economic incentive model, where verification nodes receive rewards based on their contributions, while anomalous nodes face penalties. Partners include decentralized GPU computing providers like Hyperbolic and Exabits, achieving computing power expansion through a node delegation mechanism.According to team data, the protocol has reduced the AI hallucination rate by 90%, with each verification taking less than 30 seconds. Users can trace the verification process through on-chain proof, with each output accompanied by an encrypted certificate recording model voting details. Currently, integrated applications like Klok have utilized this technology to optimize educational content generation, with plans to expand into high-risk areas such as medical diagnosis in the future.

ChainCatcher news, Messari released the BNB Chain Q1 2025 ecosystem report, with the following network data for BNB Chain Q1:Network revenue reached $70.8 million (quarterly increase of 58.1%), daily transaction volume reached 4.9 million (quarterly increase of 20.9%), and daily active addresses reached 1.2 million (quarterly increase of 26.4%). Gas fees for wallet-to-wallet transfers surged by 122.6%.In addition, the TVL priced in BNB grew by 14.7% this quarter, with BSC DeFi TVL (in BNB) rising from 7.6 million BNB to 8.7 billion BNB (quarterly increase of 14.7%); in terms of security, the BNB Good Will Alliance was launched, reducing sandwich attacks by over 90%.Technically, the Pascal hard fork was introduced, along with EIP-7702 smart contract wallets, BLS12-381 cryptography, gas abstraction + batch transactions, improved EVM compatibility, stronger scalability, and a smoother user experience.

ChainCatcher news, according to Messari's latest in-depth report, the energy DePIN project Starpower, supported by Solana Ventures, Alliance DAO, Framework Ventures, and others, has recently made significant progress.The report indicates that the number of devices connected to the Starpower network has surpassed one million. Its co-founder Dr. Jia and the team have had their research paper on nanostructured new energy accepted by the international top journal Nature Nanotechnology in March 2025, marking a substantial advancement in its technology development in the field of decentralized science (DeSci).It is reported that the three-phase "Proof" incentive mechanism proposed by Starpower is the core highlight of its system design. In the first phase, "Connection Proof," users only need to connect their devices to the network and stay online to receive rewards, aiming to rapidly expand the network scale. In the second phase, "Capacity Proof," the system begins to require devices to provide data on energy storage or generation capabilities, forming a real energy contribution curve. Finally, in the "Response Proof" phase, user devices must respond to real-time scheduling signals to earn STAR rewards. This mechanism design, which transitions from shallow participation to deep collaboration, makes Starpower one of the most sustainably incentivized representatives among current Web3 energy projects.