Messari

Messari is the leading provider of crypto market intelligence products that help professionals navigate crypto with confidence.

[Messari @MessariCrypto]

Why is getting the crypto market news you need so difficult?

Crypto alerts are more noisy than useful. Manually monitoring the market eats up time.

There needs to be a way to cut back weekly noise to only the alerts you care about.

Agentic monitoring brings power to control the crypto market news you consume.

All it takes is a simple prompt about the assets and news related to them you want to monitor.

Setting agentic rules enables you to place your own targets without needing to handle complex setups.

Agentic Monitoring brings critical events in crypto into your workflow.

From Mobile Push to Monitoring across latest regulator and security updates, watch how @diran_li uses Messari Monitoring to power his day.

[Messari @MessariCrypto]

Here's your Messari weekly wrap!

New research out now:

New Enterprise Research Report: State of Blockchains
https://t.co/7mSBUw0zHa

@octra
Building the Encrypted Web for Programmable Privacy
https://t.co/seUuGmYcig

@Mantle_Official
State of Mantle
https://t.co/7QT4XvLXRO

------------------------------

New Media:

@StellarOrg
State of Stellar Q1 2026 & Beyond
https://t.co/qwP2dv1q5H

Fully Diluted
Interview with Octra: Private DeFi, Encrypted AI & Onchain Privacy's Future
https://t.co/EhhJ8l2R9z

---------------------------------

Webinar:
$CRCL vs ARC: Understanding Circle and ARC
Hosted by @immutablejacob & @AvgJoesCrypto

Happening Jun 10th. Sign up via the link below.

https://t.co/k9GKFlVMBv

---------------------------------

Products & Tutorials:

Mindshare and sentiment are easier than ever to track with Messari Signals. See how to measure mindshare in a glance.

https://t.co/2IoloLG4rF

Create your own crypto monitoring bot with Messari monitoring, n8n, Hermes, and Telegram.

https://t.co/GN2FIwX0x8

That's all for this week! We'll see you next time for another wrap-up.

[Messari @MessariCrypto]

In this edition of Fully Diluted, @AvgJoesCrypto sits down with the co-founder of @octra, @octralex.

Octra is an FHE-based L1 that computes on encrypted data without any decryption.

They discuss private DeFi, encrypted AI, the launch of a zero-min Uniswap auction, and more.

Watch the full episode here 👇

[Messari @MessariCrypto]

Follow this tutorial to start creating your crypto monitoring bot.

https://t.co/OJ7MXX2Rjt

[JS Low @lowjiansheng]

https://t.co/cxNqP83bZj

[Messari @MessariCrypto]

Create your own crypto monitoring bot with Messari monitoring, @NousResearch, @n8n_io, & @telegram.

Pass your monitoring alerts to Hermes and receive summarized messages providing more nuance right in your Telegram.

Watch the overview video and read through our X article tutorial below.

[Messari @MessariCrypto]

Read the full Canton Network report here.

https://t.co/sbP5DyGkdA

[Messari @MessariCrypto]

Most blockchains weren't built for regulated markets. @CantonNetwork is building one that is.

Their infrastructure has even pulled in the likes of DTCC, J.P. Morgan, Visa, and other major institutions.

If you haven't read up about Canton yet, make sure to check out our report on them.

[Messari @MessariCrypto]

Most blockchains were never designed for regulated financial markets.

@CantonNetwork is attempting to build shared financial infrastructure with synchronized settlement, atomic interoperability, and institutional-grade privacy, without relying on a globally replicated public state.

That design is already attracting participants like DTCC, J.P. Morgan, Broadridge, HSBC, Visa, and Franklin Templeton.

@immutablejacob breaks down Canton’s architecture, sub-transaction privacy model, institutional adoption, CC tokenomics, and the role of the Global Synchronizer in this new report 👇

[Messari @MessariCrypto]

Read the full report

https://t.co/TCRu49MXuS

[Messari @MessariCrypto]

Q1 2026 State of Blockchains is live.

21 networks, five core metrics, one clear theme: even in a down quarter, a few networks grew fees, stablecoins, and RWAs.👇

[Luis Rincon @luisri_]

1/ Spent the past few weeks on a simple question: which blockchains actually grew their fundamentals in a down quarter?

With volatility and sell-offs continuing across the market, that question feels even more relevant today.

Pulled data on 21 of them for Q1 2026 👇

[Messari @MessariCrypto]

State of Stellar Q1 2026 & Beyond

@KreiserMatt sits down with @StellarOrg President @JoseFDaPonte to unpack Q1 2026, @The_DTCC + SDF plans for tokenization of DTC-custodied assets on Stellar, and much more 👇

0:00 Intro
0:49 DTCC Announcement
4:30 Why DTC Chose Stellar
7:27 Growth of Stellar Developer Ecosystem
8:27 Q1 2026 Key Metrics and Growth
11:25 RWA Market Cap Growth and Composability
14:41 DeFi Ecosystem and Composability
18:16 Stablecoins and Institutional Adoption
20:04 USD vs. Non-USD Stablecoin Mix
22:45 Tether and Circle vs. New Issuers
27:59 Other DeFi Announcements
28:49 Perps and the Future of DeFi on Stellar
33:41 Payments Volume and Trends
37:35 Agentic Payments, x402, and MPP
41:00 Privacy on Stellar and X-Ray Update
43:36 Events and Community
47:18 Financial Performance + TradFi
49:02 Conclusion

[Messari @MessariCrypto]

.@StellarOrg Q1 2026

- RWA market cap ⬆️ 91% QoQ to $1.52B+
- x402 and MPP launches provide catalyst for agentic payments
- Stablecoin market cap ⬆️ 22% QoQ to $297M+
- X-Ray privacy protocol live on Stellar, laying the groundwork for privacy-preserving, regulatorily compliant apps.

[Messari @MessariCrypto]

Seats are going fast! Grab yours before they’re gone.

https://t.co/btw1mOcgvA

[Messari @MessariCrypto]

.@Circle is primed to lead as a global finance company bridging TradFi and blockchain technology.

$CRCL monetizes $USDC balances through reserve income, while Arc converts network usage into durable tokenholder value via fees, staking, burn mechanics and other accrual paths.

Don’t miss your chance to get a concrete lesson on how Circle’s reserve-yield model works and why Arc’s transaction fee model is harder to underwrite.

Join @immutablejacob & @AvgJoesCrypto for our exclusive webinar on June 10th.

[Messari @MessariCrypto]

The team at @wardenprotocol is building Halo, which leverages x402 along with Messari and @coingecko data tools.

Check it out and give it a try!

[Warden @wardenprotocol]

Halo working live. A P2P, permissionless AI protocol for humans and agents.
x402 payments per prompt and per tool call to @MessariCrypto @coingecko and web data tools. Running Deepseek V4 Flash from an operator serving it via his @nousresearch Hermes agent, already earning on inference.

All on @base

[Messari @MessariCrypto]

Read the full report here

https://t.co/hufmxcArZw

[Messari @MessariCrypto]

State of Mantle Q1 2026

Key Update: Mantle continued building toward its thesis as the distribution layer for onchain finance, with Q1 product launches across RWAs, DeFi, stablecoins, and AI agents anchored by the CeDeFi model built with Bybit.
@Mantle_Official @Bybit_Official

QoQ Metrics📊
DeFi TVL ⬆️ 282.7% to $648.0M (all-time high) as Aave V3 scaled from $0 to $547.1M
RWA TVL ⬆️ 27.4% to $247.5M, led by Maple's syrupUSDT and the xStocks rollout
Mantle Vault TVL closed at $221.5M in its first full quarter
Mantle Treasury ⬇️ 25.1% to $2.4B, the largest DAO treasury

The Mantle Treasury also began diversifying as a $126.8M MI4 position cut MNT concentration from 94.3% to 90.0%.

Despite cooling headline metrics, 87% of Q1 activity came from returning addresses and transactions per address rose from 8.4 to 14.7, pointing to a loyal core engaging more intensively as Mantle's institutional infrastructure comes online.

[Rick @CryptoRick98]

.@Mantle_Official isn't trying to be another general-purpose L2.

The thesis: be the distribution layer for onchain finance, anchored by a $2.4B treasury.

In Q1 2026, RWA TVL grew 27.4% QoQ to $247.5M as that strategy started showing up in the numbers.

[0xWeiler @0xWeiler]

Prediction Market volume (May 2026):

🥇- 1. @Kalshi - $17.9B (58%)
🥈- 2. @Polymarket - $8.8B (28%)
🥉- 3. @trylimitless - $1.7B (6%)
4. @predictdotfun - $1.1B (4%)
5. @opinionlabsxyz - $0.7B (2%)
6. Other - $0.9B (3%)

Key observation:
- Kalshi captured 58% of May volume, back-to-back months of majority share, and 9 straight months leading the category. The gap continues to widen.

Other insights:
- Sports + Exotics (Kalshi's combo/parlay product) combined for $15.3B, or 85% of Kalshi's monthly total. Crypto held as the #2 Kalshi category at $2.0B (11%).
- Polymarket volume fell 13% MoM to $8.8B, its 2nd straight monthly decline. Polymarket US grew from $1.2B to $1.7B, so the drop is entirely on the DeFi International side. Likely due to a mix of:
- fewer sports games as NHL/NBA seasons wind down
- growing user frustration with market resolutions
- Polymarket will bounce back, but stabilizing DeFi International has to be the priority. The US platform is doing its job.
- Limitless grew 3% MoM to $1.7B, edging out PredictDotFun ($1.1B, -29% MoM) for the #3 platform spot.
- @HyperliquidX (not pictured) hit $92M in its first month. Strong debut, and I expect it to take big leap in market share over the coming months.

[Messari @MessariCrypto]

@0xPolygon @petertherock @AlliumLabs At the end of Q1, Polygon ranked #1 globally in active USDC addresses and 4th in monthly active USDT addresses.

$3.55B in stablecoin supply. Up 22% in a single quarter. USDC alone grew 36% QoQ to $1.82B.

Polygon is looking great for stablecoin infrastructure.

[Messari @MessariCrypto]

@XRPLF Daily avg transactions already up 35.3% QoQ to 2.48M prior to this post.

The Mastercard expansion will further catalyze growth.

[Messari @MessariCrypto]

Read the full report

https://t.co/rcZmsLGPgg

[Messari @MessariCrypto]

Most privacy projects focus on hiding transactions.

@octra is pursuing a broader goal: programmable private state.

Using FHE, the network is designed to process and update encrypted data without revealing the underlying information, potentially extending privacy to applications, AI, identity, payments, and financial markets.

[AJC @AvgJoesCrypto]

$OCT has been one of the best-performing assets in crypto over the past month.

The final clearing price on its @UniswapAuctions was $0.025. Since then, it has rallied nearly 450% to $0.137!

While this performance is undoubtedly a reflection of what @octra has built, it is also a byproduct of how the token was launched.

Investors are increasingly being asked to underwrite end-state valuations, and the results have generally been poor. Higher launch valuations have consistently produced worse investor outcomes.

Octra took the opposite approach as OCT launched at a $25M FDV with no day-one CEX listings and no token allocations reserved for exchanges or market makers.

Unlike many recent token launches, investors weren't being asked to underwrite a future where adoption, ecosystem growth, and product-market fit had already been achieved.

Whether Octra ultimately succeeds remains to be seen, but its launch structure is a welcome departure from the industry's recent playbook.

[Messari @MessariCrypto]

Grab your seat before they’re gone!

https://t.co/btw1mOcgvA

[Messari @MessariCrypto]

Are stablecoin balances easier to monetize than stablecoin velocity?

@Circle’s ARC token is tied to stablecoin activity, txn volume, and network-level fee capture.

The $CRCL stock is equity exposure to stablecoin balances, reserve assets, and short-term rates.

In our upcoming webinar, we’ll explore why stablecoin balances are easier to monetize and why CRCL is the cleaner stablecoin growth exposure.

Join @immutablejacob & @AvgJoesCrypto on June 10th.

Seats are filling fast!