Latest news with #Messari
Yahoo
17-06-2025
- Business
- Yahoo
XRP Gets Another DeFi Boost Through Flare's FAssets and FXRP, Messari Says
Flare Network is helping push XRP deeper into decentralized finance (DeFi) with FXRP — a fully collateralized, non-custodial representation of XRP on Songbird — and a growing suite of infrastructure now drawing interest from retail and institutional players alike, according to a Messari report. Flare validates off-chain data without external middleware. The framework secures FAssets, such as FXRP, and enables cross-chain transactions, which is key to building a decentralized financial ecosystem around XRP. At the protocol layer, FXRP minting utilizes a multi-collateral system, pooling stablecoins, FLR, and agent funds, to maintain a 2x or greater over-collateralization ratio. All participating agents are KYC'd and monitored on-chain, adding a layer of compliance uncommon in DeFi bridges. While FXRP is currently live on Songbird (Flare's canary network), the mainnet rollout is reportedly near. In blockchain parlance, a canary network is designed for testing new features and protocols before they are deployed to a main network, but operates as a fully functional, live network (unlike a testnet, where assets don't hold any financial value). Interest is already picking up: Trading platform Uphold, which holds 1.8 billion XRP, is looking to integrate FXRP. Separately, Nasdaq-listed VivoPower has committed $100 million in XRP for deployment on the Flare network. Next in line is liquid staking. Firelight Protocol plans to launch stXRP, a liquid staking derivative for FXRP. Modeled after stETH, the token will be transferable across Flare's DeFi apps and allow holders to maintain liquidity while earning rewards, further expanding XRP's use case on the network. If the launch plays out as designed, Flare may finally bring DeFi utility to one of crypto's most held, but underutilized, tokens. 'While the XRPL has native functions like escrows, checks, and payment channels, it cannot implement complex smart contracts,' Messari analysts said in the report. 'FAssets bridge this gap by allowing XRP token holders to participate in a full range of DeFi activities (aka XRPFi), such as lending, borrowing, yield farming, and liquidity provisioning, without sacrificing custody of their underlying is particularly significant for XRP, which has historically been limited in its DeFi applications despite its substantial market capitalization and global adoption,' the analysts added. For institutions, XRPFi offers a way to generate yield on their XRP holdings, which have traditionally been held as static assets.
Yahoo
03-06-2025
- Business
- Yahoo
XRP Ledger Payments Count Falls to Lowest Since October as XRP Fails to Keep With Bitcoin
Activity on the XRP Ledger, a decentralized public blockchain designed for quick, cost-effective real-time transfer of XRP, fiat currencies and other digital assets, has slowed considerably since the first quarter. The number of payment transactions, representing the transfer of value from one account to another, dropped to 320,747 at press time, the lowest since October and significantly down from the average of over 1 million observed through March, April, and early May, according to data source XRPScan. The number of active addresses also fell under 10,000, also the lowest since October. Meanwhile, the number of XRP burned as fees dropped to a multi-month low of 1,500 XRP, coinciding with a slowdown in the creation of new accounts. Account creators need to deposit 1 XRP, which can be reclaimed following the deletion of the account. The slowdown follows an impressive first quarter during which payment transactions surged by an impressive 36% on a quarter-on-quarter basis, according to data tracked by Messari. Meanwhile, active addresses registered a 142% growth. The Messari report was optimistic about XRP Ledger's prospects, citing an increase in institutional adoption through strategic partnerships and acquisitions. In April, Ripple, which leverages the XRP Ledger to provide payment solutions, Hidden Road, making it the first crypto company to own and operate a global, multi-asset prime broker. Early today, Ripple's enterprise-grade RLUSD stablecoin received the green light from the Dubai Financial Services Authority (DFSA), opening doors for its use in the Dubai International Financial Centre (DIFC). More announcements could hit the wires next week during Ripple's XRP Ledger Apex 2025 event, which will take place in Singapore from June 10 to 12. Bitcoin, the leading cryptocurrency by market value, recently rose to new lifetime highs above $110,000, marking a surge of over 40% from its early April lows near $75,000. The stellar recovery also lifted the broader market higher, with XRP jumping from $1.60 to $2.60, a 62% increase, according to CoinDesk data. However, the rally in the payments-focused token has stalled since then, falling well short of its peak of around $3.40 registered in January when BTC set its then-lifetime peak of $109K. The divergence indicates that XRP is not benefitting from bitcoin's new highs the same way it did earlier this year. It could be a sign of waning demand for XRP, suggesting caution, as a potential downturn in Bitcoin could weigh heavily on XRP's price. Sign in to access your portfolio
Hamilton Spectator
21-05-2025
- Business
- Hamilton Spectator
Hivello and IoTeX Partner for $HVLO Staking
LONDON and AMSTERDAM, May 21, 2025 (GLOBE NEWSWIRE) -- Hivello , a DePIN aggregator that enables users to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), announces $HVLO is now listed on DePINscan — the leading explorer and analytics platform for Decentralized Physical Infrastructure Networks (DePIN) on IoTeX . Through this listing, Hivello is significantly expanding its visibility and reach within the broader DePIN & IoTeX ecosystems. By being featured on DePINscan, users now have access to $HVLO through another trusted, transparent platform where they can find information about Hivello, learn about the $HVLO token, and participate in staking directly on IoTeX's L1 Blockchain. This not only strengthens Hivello's discoverability among crypto-native and DePIN-aligned communities, but also creates a more accessible entry point for new users looking to understand and engage with decentralized infrastructure. As DePIN adoption accelerates globally, this integration ensures that Hivello is well-positioned at the center of a rapidly evolving movement, DePIN. With over 13 million active devices contributing to DePIN networks daily, the market is projected to grow from $50 billion in 2024 to $3.5 trillion by 2028 (Messari, Q1 2025) . By partnering with IoTeX, Hivello is not only increasing visibility, it is providing users with the tools, incentives, and entry points needed to help more people onboard into this new, decentralized movement. 'Partnering with IoTeX to bring HVLO staking to DePINscan is a meaningful step for us,' said Domenic Carosa, Chairman of Hivello. 'It allows us to open up HVLO and Hivello in a greater way to the IoTex ecosystem and community who wish to participate even more in DePIN. This aligns perfectly with our mission to onboard the next wave of Web2 users into Web3.' 'By converging technical innovation with powerful partnerships, this launch marks a major step forward in expanding DePIN accessibility and participation,' added Qevan Guo, CTO and Co-Founder of IoTeX. About IoTeX : IoTeX is a Layer 1 blockchain platform designed to power decentralized physical infrastructure networks (DePIN) and real-world Web3 applications. It provides the tools, scalability, and infrastructure needed for projects to connect physical devices to blockchain in a secure, efficient, and decentralized way. Website | X | Discord About Hivello : Hivello is an aggregator of DePIN projects that allows any user to participate in a variety of DePIN networks with just a few clicks. This eliminates the technical hurdles that many users face when trying to join these networks, and allows users to earn passive income by mobilizing their idle aim to create a simple app that allows users to contribute their computer resources and earn passive income, with no technical knowledge required. It's as easy as downloading, installing, and running nodes, making complex technologies accessible and beneficial to all. Website | X | Discord | LinkedIn | Youtube Contact information: Karla Janse van Rensburg Marketing coordinator @ Hivello karla@ A photo accompanying this announcement is available at
AU Financial Review
20-05-2025
- Politics
- AU Financial Review
‘Same energy, opposite direction': The rise of the ‘woke right'
Among the responses to the unveiling of the first American pope this month, there was one that really stood out. It came from Laura Loomer, a prominent rightwing activist, conspiracy theorist and unofficial woke right' adviser to Donald Trump, in the form of a three-word reply to a 10-year-old post on Pope Leo XIV's now-deleted personal X account: ' WOKE MARXIST POPE '. Loomer was far from the only one to immediately denounce Leo — a man who has voted in Republican primaries, who in 2012 described 'a homosexual lifestyle' as 'at odds with the gospel' and who in 2016 said that 'the promotion of gender ideology is confusing because it seeks to create genders that don't exist' — as too woke to be the pope. Ryan Selkis, former CEO of crypto research company Messari and fellow Trump fanatic, posted a whole thread on the 'new woke pope', digging up old posts and reposts such as one on carbon emissions ('climate alarmist'!) and another that prayed for George Floyd and his family ('suicidal empathy'!).
Yahoo
13-05-2025
- Business
- Yahoo
Bitcoin DeFi Security Improves as Rootstock Boosts Hashrate Share
Decentralized finance (DeFi) on the Bitcoin blockchain may still be in its infancy relative to Ethereum, but Bitcoin DeFi (BTCFi) is becoming safer and cheaper, crypto analytics firm Messari said in a new report. A central participant is Rootstock, one of the oldest Bitcoin layer-2 projects, crypto analytics firm Messari said in its "State of Rootstock" report, published on Thursday. Rootstock is now secured by 81% of Bitcoin's total hashrate, meaning miners that account for amount the hashrate are also approving transactions on the layer 2. The figure was just 56% before the the onboarding of Foundry and Spiderpool, the world's largest and sixth-largest mining pools, respectively, in February. Messari also observed that transaction fees on Rootstock are 95% cheaper than the average Bitcoin transaction and 55% cheaper than those on Ethereum. Rootstock is one of numerous projects looking to bring greater utility to Bitcoin through expanding the provision for DeFi with smart contracts, enabled by "BitVMX", a modified version of the BitVM programming language. Other prominent Bitcoin layer-2 projects include Stacks and BOB ("Build on Bitcoin"). The project has also connected with bridging protocol LayerZero to enable Rootstock-native applications to connect with dozens of other blockchains, including Ethereum and Solana. Its momentum sets the stage for growing adoption of BTCFi through the remainder of 2025, according to Messari. 'As BTCFi continues to grow, Rootstock is well-positioned for broader adoption through core upgrades like a 60% reduction in transaction fees, alongside sustained investment in builder education and incentive programs," Messari analyst Andrew Yang in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
