Kaiko

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🗓️ Explore The Agora, Kaiko’s institutional forum @TheAgora_Event

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[Kaiko @KaikoData]

Read the full Data Debrief 🔗 https://t.co/JomLMSbO43

[Kaiko @KaikoData]

Coinbase has diversified its business, but its stock has not escaped Bitcoin.

COIN is down around 36% in 2026, compared with a 27% decline for BTC, while the SPX has gained nearly 13%.

Investors continue to price the exchange primarily through crypto market activity.

[Kaiko @KaikoData]

Read the full Data Debrief 🔗 https://t.co/4Nml7niKTD

[Kaiko @KaikoData]

Crypto exchanges are entering a more selective phase as declining volumes increase pressure on smaller platforms.

The closures of BitMEX, Bit·com, and BitMart highlight a broader shift toward fewer exchanges with greater scale, deeper liquidity and more diversified revenues.

The six largest venues already account for more than 60% of trading volume across the exchanges tracked by Kaiko.

[Kaiko @KaikoData]

There is still time to save 40% on Kaiko Research Premium.

Annual Premium is $60/year until July 31.

Get institutional-grade digital asset research, market analysis, downloadable chartbooks, reports, and Talk Data to Me AI Assistant.

Subscribe before the offer ends 🔗 https://t.co/vX8NvcIUmg

[Kaiko @KaikoData]

Read the full Data Debrief 🔗
https://t.co/yTM5anYjIe

[Kaiko @KaikoData]

Crypto exchanges enter a more institutional era.

Recent $20B valuations for both @cryptocom and @krakenfx reflect how investors are increasingly valuing exchanges as financial infrastructure, beyond spot trading activity alone.

At the same time, market concentration remains high, with @binance continuing to account for nearly 30% of global trading volume.

[Kaiko @KaikoData]

Read the full Data Debrief:
https://t.co/kerxX1pdaV

[Kaiko @KaikoData]

Macro headwinds and crypto-specific shocks defined H1 2026.

BTC fell 27% year-to-date, while ETH and XRP declined around 41%.

Tighter Fed expectations, reduced leverage, and weaker liquidity continued to weigh on digital asset markets.

[Kaiko @KaikoData]

Read the full Data Debrief ⬇️
https://t.co/aRKPwyA0iD

[Kaiko @KaikoData]

Open USD enters a stablecoin market dominated by liquidity and network effects.

While launching a stablecoin has become easier, adoption remains concentrated around established assets with deep market integration.

USDT and USDC continue to lead the sector, representing over $255B in combined market capitalization.

[Kaiko @KaikoData]

Follow digital asset markets with more data and context.

Kaiko Research Premium now has 40% off until July 31.

For $60/year, get institutional-grade digital asset research, weekly market analysis, downloadable chartbooks, and Talk Data to Me, our AI-powered research assistant.

Built on data from 200+ exchanges.
Sign up: https://t.co/vX8NvcIUmg

[Canton Network @CantonNetwork]

Broadridge's DLR processes $7.5T in monthly repo volume on Canton, averaging $357B per day.

Bloomberg Terminal subscribers can now monitor that activity through @KaikoData's Data Off-Ramp alongside existing fixed income market data.

Read the full PR.

https://t.co/Ogx3JXWOp4

[Kaiko @KaikoData]

OKX is re-entering the U.S. market through a regulated, institutional route after its 2025 penalties of over $500M.

Its 50/50 joint venture with ICE, NYSE’s parent company, strengthens its push into tokenized assets, digital asset derivatives and 24/7 trading infrastructure.

As offshore exchanges face rising regulatory pressure, OKX is gaining market share, from 4.64% at the start of the year to a recent peak of 10.90%.

[Kaiko @KaikoData]

On @CantonNetwork Network, featured app rewards used to rely on activity markers. That system correlated poorly with actual traffic and was complex to validate.

CIP-0104 changes this. App rewards are now based on the actual traffic generated by transactions, measured directly on the Global Synchronizer. Canton now rewards actual usage rather than marker optimization.

For users of Kaiko oracle services, this means better alignment between the activity they generate and the incentives the network distributes, with a credible path through which part of the network fees may be offset.

Read more 🔗 https://t.co/ffxjmp6Xn7

[Kaiko @KaikoData]

https://t.co/pHvwh7QAOd

[Kaiko @KaikoData]

https://t.co/1mVMgh5oIU

[Kaiko @KaikoData]

Total DeFi TVL has fallen 36.9% since January while over the same window, stablecoin market cap edged up 2.1% to $314.6B and RWA AUM climbed 55.7% to $25.5B.

Read more: https://t.co/dpn2BOXaf9

[Kaiko @KaikoData]

While the borrowing & lending sector has bled out since January 2026, Morpho has gone up 79%, even as the rest of the cohort posted steep drawdowns.