token

According to Arkham data analysis, the total number of CASHCAT token holders exceeds 61,000, but the top 1,000 addresses hold approximately 89.1% of the supply, corresponding to a value of over 40 million USD. These top addresses also hold other tokens on the Robinhood Chain, mainly including PONS (2.84 million USD), TENDIES (1.87 million USD), STONKBROKER (1.1 million USD), Index (1.07 million USD), WOOD (409,000 USD), SQUEEZE (314,000 USD), VIRTUAL (308,000 USD), JUGGERNAUT (299,000 USD), UP (275,000 USD), DEGEN (247,000 USD), KITSU (229,000 USD), SWOGE (211,000 USD), VEX (207,000 USD), and others.

According to the analysis by the crypto venture capital firm 1kx (@1kxnetwork), on-chain fees in the second quarter of this year decreased by 33% year-on-year, with DEX fees dropping by $625 million (-57%), mainly dragged down by Meteora, Raydium, and PancakeSwap, which together generated $1.5 billion in fees in the first half of last year; blockchain and MEV fees decreased by $362 million (-40%); launch platform fees fell by 57%, with Pump.fun contributing nearly half of the decline.Some sectors achieved counter-cyclical growth: perpetual contract and prediction market fees increased by 22% year-on-year, led by edgeX and Hyperliquid, with Polymarket contributing nearly $100 million in a single quarter; the lending and asset management sectors continued to grow, with Morpho, USDai, and Maple Finance each increasing by $9 million to $19 million; Canton Network added $179 million in L1 fees, but most of this was driven by incentives. Despite the overall decline in industry fees, token holder distribution returns remained stable, with Binance burn still accounting for a significant share, and protocols like Hyperliquid have incorporated buybacks and burns into their regular policies.

On-chain analysis platform Bubblemaps revealed that the ecological token BMEX launched by BitMEX in 2021 had 75% of its supply originally allocated for employee incentives, ecological growth, and long-term reserves never claimed. Data shows that 92% of the supply was initially locked in vesting contracts, while the remaining 8% was distributed at launch (5% for airdrops, 3% for products and liquidity). The only claim occurred on November 2, 2022, when the product and liquidity addresses claimed 63.75 million BMEX, with no claim records from other addresses. Bubblemaps pointed out that the tokenomics or allocation plan may have off-chain adjustments later, but based on the announced plan, the relevant allocations may not have actually been executed.BitMEX announced on July 23 that it would officially cease operations on September 23. The price of BMEX has dropped by about 95% since the shutdown announcement, currently quoted at approximately 0.0052 USDT. It is understood that the official handling of the BMEX token is very limited, with no additional compensation or special arrangements. The only action explicitly mentioned in BitMEX's official shutdown announcement is that the platform has immediately unstaked all staked BMEX and returned it directly to the holders' accounts.

The on-chain data analysis platform Bubblemaps posted on platform X, stating that investors who participated in the MEGA token presale and chose to lock their tokens for additional rewards are currently facing a paper loss of about 50%.Data shows that this group of investors has invested a total of 28.3 million dollars, and the current value of their holdings has dropped to 13.6 million dollars. The related tokens will not be unlocked until April 2027.

According to Fortune, Abu Dhabi sovereign wealth fund Mubadala Capital announced a partnership with Coinbase and infrastructure provider KAIO to tokenize its evergreen private market fund, issuing compliant on-chain tokens to qualified investors. Coinbase will use its Base blockchain as one of the underlying networks and will personally purchase the tokens, incorporating the Mubadala fund into its corporate balance sheet.It is reported that this is the first time a major publicly listed company in the United States has used compliant tokenized assets for native on-chain financial management. Currently, the product has attracted approximately $75 million in funding, with investors including traditional institutions and crypto-native allocators. Mubadala manages assets totaling nearly $400 billion, and this tokenization aims to break through the high barriers of traditional private equity and expand the potential investor base.

The parent company of Kraken, Payward, has partnered with financial technology infrastructure provider GTN to promote the expansion of xStocks tokenization business into more overseas markets. The announcement stated that the two parties will first advance the tokenization of Hong Kong stocks, followed by expansion to the UK, Europe, South Korea, and other international markets, gradually covering more asset classes.According to the cooperation arrangement, GTN will provide execution, custody, and bookkeeping infrastructure covering over 90 markets, and will advance the necessary license applications in various locations. Once the relevant licenses are approved, tokenized xStocks will be opened to GTN's institutional clients.

According to Token Terminal data, the market value of tokenized stocks reached a record $2.3 billion in mid-July, nearly doubling since it first surpassed $1 billion in March. On July 21, the circulating volume of Ondo Finance's tokenized stocks (514.5 million shares) and the number of holders (93,880), the tokenized market value of Backed Finance ($579.4 million), and the number of tokenized stocks on Robinhood Chain (126,720 shares) and the number of holders (36,170) all hit historical highs.The tokenized stock exchange Arcus launched by the dYdX team recorded a daily perpetual contract trading volume of $11.9 million and a new high of $6.8 million in open contracts on the same day. By chain distribution, Ethereum accounts for 34% of the tokenized stock market share, BNB Chain accounts for 30%, and Solana accounts for 23%. Ondo Finance leads with an on-chain stock scale of $955 million and recently collaborated with Japan's SBI Group to tokenize Japanese stocks, enabling 24/7 minting, redemption, and voting rights features. xStocks surpassed a cumulative trading volume of $25 billion within eight months of its launch. Ondo executives previously estimated that the market value of tokenized stocks would reach $2.5 to $3 billion by the end of the year.

According to Bloomberg, Bank of New York Mellon is preparing to provide around-the-clock settlement for U.S. Treasury securities in response to the impact of the growth of the digital asset market on traditional financial infrastructure. In a letter to clients, the bank stated that it facilitated after-hours U.S. Treasury trading involving stablecoin issuers earlier this year, with plans to launch tokenized U.S. Treasuries and conduct pilot trading on its private blockchain by the end of 2026, aiming for 24/7 settlement of both traditional and tokenized U.S. Treasuries by 2027.Earlier this year, the bank facilitated after-hours Treasury trading involving stablecoin issuers—after the close of the Federal Reserve's Fedwire Securities Service, involving RLUSD stablecoin issuer Ripple and USDO stablecoin issuer OpenEden, both of which are backed by short-term U.S. Treasuries. BNY stated that the transaction "demonstrates that Treasury market activity related to the digital asset ecosystem can continue beyond traditional cutoff times."

The UK plans to issue its first tokenized sovereign bond by early 2027, with the current key prerequisite being the resolution of on-chain cash settlement issues. This problem has limited the use of digital bonds by institutions for years.Industry experts indicate that the plan may have received sufficient support from the UK Treasury, the Bank of England, and regulators to continue advancing after recent political changes, and it could potentially increase the demand for UK debt. Current progress is constrained by the lack of standardized on-chain payment methods, mature pound stablecoins, and regulatory clarity.

On July 22, WEEX announced a limited-time 0 fee trading for stock token spot pairs and provided a $100,000 prize pool, with 100% rewards for trading. Activity period: 7/21 17:00 - 7/31 23:59:59 (UTC+8).During the event, new users who complete the task of net recharge ≥ 100 U and make their first trade with any stock token spot (no trading volume limit) will receive a bonus of 150 USDT; all users who complete any stock token spot trade will receive a bonus of 10 USDT, and those whose cumulative trading volume reaches specified tiers can unlock corresponding tiered rewards (20-800 USDT bonus).

Binance will add 10 bStocks tokens on July 22, 2026, at 21:30---South Korea Bull 3X ETF (KORUB), AXT (AXTIB), CoreWeave (CRWVB), Direxion MU Bull 2X ETF (MUUB), GraniteShares 2X Long MRVL ETF (MVLLB), Tradr 2X Long SNDK ETF (SNXXB), GraniteShares 2X Long INTC ETF (INTWB), ProShares UltraPro QQQ (TQQQB), Quantinuum (QNTB), and Oracle (ORCLB)---as qualified collateral assets. Users can use these tokens as margin collateral to expand the collateral options for margin trading.

Gate gStocks' tokenized securities service has undergone a comprehensive upgrade, officially launching five major financial functions: collateralized borrowing, idle asset management, unified accounts, leveraged trading, and stock dividends, further expanding the integrated application scenarios of stock assets from trading, yield management to liquidity management.Currently, gStocks supports over 58 global tokenized securities, covering various assets such as U.S. stocks, Korean stocks, unlisted equity, and ETFs, and employs a 1:1 native stock reserve mechanism to provide users with a transparent and trustworthy asset holding experience. At the same time, gStocks supports 24/7 trading with a minimum investment of 1 USDT, lowering the participation threshold. After this functional upgrade, users can release liquidity through collateralized borrowing without having to sell their held gStocks assets; idle stock assets can also participate in yield management through idle asset management. In addition, gStocks has deeply integrated into the Gate unified account system, supporting tokenized stock assets as trading collateral and providing features such as leveraged trading, long and short strategies, and stock dividends, further enhancing asset utilization efficiency.

According to DigitalToday, the Korea Internet & Security Agency (KISA) and the Ministry of Science and ICT have launched the "Deposit Token Payment Infrastructure Expansion Project," which will extend the results of South Korea's CBDC pilot "Project Hangang" into the private payment sector.The project is overseen by the Financial Settlement Agency, with participation from 9 banks, 8 payment gateways, and 2 large demand-side entities, with a total budget of 9.6 billion KRW, aimed at reducing payment fees for small and micro merchants. The project utilizes existing payment systems rather than building new infrastructure, allowing users to complete payments through bank deposit token wallets without requiring merchants to change terminals.The government also plans to apply deposit tokens to a pilot for official travel expenses and explore a treasury fund management model linked with dBrain. Approximately 3 billion KRW of the total project budget will be invested in the development, operation, and promotion of small and medium-sized enterprises, startups, and IT companies, while participating banks will separately advance about 4.5 billion KRW in related businesses.

Pump.fun announced the launch of a new standard launch mechanism called BOOST, applicable to every new token on the platform. Pump.fun stated that over $100 million in liquidity becomes dead liquidity each year when tokens migrate from the initial bonding curve to the liquidity pool, and the BOOST model will reinject future liquidity into each bonded token.Co-founder Alon Cohen described this update as adding approximately 20% liquidity for each newly migrated token, without altering the trading experience of the bonding curve or liquidity pool, injecting hundreds of millions into the ecosystem over time.The above data is based on the company's own projections rather than independently verified results, and Pump.fun did not release a supporting dataset with the announcement. The actual liquidity effect depends on the number of tokens bonded and migrated under the new default mechanism. Previously, Pump.fun launched a USDC paired liquidity pool.

a16z crypto stated that the transfer activity of tokenized stocks is continuing to rise. In June 2024, the monthly transfer volume of tokenized stocks reached $9.22 billion, an increase of over 170 times compared to $53 million in the same period last year.This metric covers all on-chain circulation activities, including transactions, transfers between wallets, and operations deposited as collateral into decentralized finance protocols.

According to token unlocking data from the Crypto asset data platform RootData, Hyperliquid (HYPE) will unlock approximately 9.92 million tokens at 7:00 AM Beijing time on July 29, worth about 602 million USD.

According to Bitcoin Magazine, the head of Coinbase Canada stated that the company is pushing to expand its business footprint in Canada, aiming to create a comprehensive exchange covering crypto assets, tokenized stocks, and prediction markets.The plan intends to leverage blockchain technology to provide a more efficient, round-the-clock trading experience, and Coinbase is currently coordinating with Canadian regulators regarding the launch of related products.