According to data from the Investment Company Institute (ICI), Chinaโs open-end funds assets reached $๐.๐ ๐ญ๐ซ๐ข๐ฅ๐ฅ๐ข๐จ๐ง in total AUM at the end of Q2, ranking ๐๐ญ๐ก ๐ ๐ฅ๐จ๐๐๐ฅ๐ฅ๐ฒ ๐๐ง๐ ๐๐ฌ๐ญ ๐ข๐ง ๐๐ฌ๐ข๐.
As the industry continues to scale up, on the question of how to "build world-class investment institutions and forge a first-rate industry association," our CEO Yimei put forward four principles: ๐๐จ๐ฆ๐ฉ๐ฅ๐ข๐๐ง๐๐ ๐๐ข๐ซ๐ฌ๐ญ, ๐๐ฅ๐ข๐๐ง๐ญ๐ฌ ๐๐ญ ๐ญ๐ก๐ ๐๐๐ง๐ญ๐๐ซ, ๐๐ฎ๐ง๐๐ญ๐ข๐จ๐ง ๐๐ฌ ๐ญ๐ก๐ ๐ฉ๐ซ๐ข๐จ๐ซ๐ข๐ญ๐ฒ, ๐๐ง๐ ๐ข๐ง๐ง๐จ๐ฏ๐๐ญ๐ข๐จ๐ง ๐๐ฌ ๐ญ๐ก๐ ๐๐จ๐ฎ๐ง๐๐๐ญ๐ข๐จ๐ง.
Data Source: ICI, Worldwide Regulated Open-End Fund Assets and Flows, First Quarter 2026, as of 2026.6.9
Risk Disclaimer: Investment involves risk, including possible loss of principal. Any forecasts, projections, or opinions contained herein are for reference only and are not guaranteed to occur. The information in this material reflects prevailing market conditions and our judgment as of the release date, which are subject to change without further notice.
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In the next two or three years, every human could have a hundred... maybe a thousand agents working for them onchain.
Arpan Nanavati breaks it down perfectly in this clip... the whole thing is a costย curve.
Right now, it costs about $10 a day in inference to run an agent... hedge fund territory. But inference costs have already dropped 100x in three years, and every step down changes who can afford to play:
At $1 a day, every protocol is running agents
At cents a day, your wallet has agents built in, managing your idle capital
At microcents, you get agent swarms
Jevons paradox... every time the cost of something collapses, usage explodes.ย
Intelligence is scaling, and theres no reason the number of agents executing onchain cant scale near infinitely.
Madness.
Momentum is building on Base.
Hereโs 25 things the Base ecosystem launched and announced in July.
1) @morpho launched Morpho Midnight, Fixed Rate Markets, and a new Markets App. Allowing users on Base to lend and borrow at fixed rates.
2) @o1_exchange introduced the B20 launchpad to create and discover B20 tokens on Base in seconds, without code.
3) @bankrbot crossed $5B in total volume traded onchain through Bankr.
4) @tenorfinance, a fixed-rate lending and borrowing platform for asset managers and large borrowers, went live on Base to provide access to onchain lending markets.
5) @numoforex presented the first stablecoin-settled USD/NGN futures exchange, unlocking Nigerian Naira DeFi opportunities on Base.
6) @noon_capital went live with its digital dollar, built with institutional-grade security, on Base.
7) @definitivefi launched Flash Agents, delivering advanced orders, smart routing and resilient execution on Base.
8) @doppler_fi expanded to Base, starting with infrastructure for cbXRP and paving the way for more tokenized assets over time.
9) @cloudflare announced Monetization Gateway, which will allow you to charge for any web page, dataset, API, or MCP tool behind Cloudflare with stablecoins on x402.
10) @apify launched 20,000+ tools accessible through x402, giving autonomous agents access to the largest marketplace of web automation tools.
11) @spiko, with @coinbase, now lets USDC and EURC settle directly into regulated, yield-bearing UCITS liquidity funds on Base.
12) @centrifuge issued over $50 million in tokenized AAA CLOs on Base as part of Ethenaโs ongoing diversification of its collateral with institutional credit.
13) @avantis announced the rollout of Avantis V2 on August 12, featuring expanded RWA access, zero-commission trading, and more.
14) @midasrwa launched on Base to bring its composable onchain investment products to one of the largest onchain finance ecosystems.
15) @askvenice raised $65 million in a round led by Dragonfly at a $1 billion valuation, to expand its private and uncensored AI platform as an alternative to mainstream models.
16) @ethos_network launched Ethos Trade, a beta version of its Reputation Markets v2 that lets users trade anyoneโs reputation onchain.
17) @liveframe shipped a tool for UGC creators, streamers, and clippers to monetize their attention and get paid through its next-generation distribution platform on Base.
18) @liminalcash launched Nim, an AI financial agent on Base that lets users move money, split bills, invest, and handle banking tasks through simple conversation.
19) @opal_dex announced Production V1 of its privacy-first perpetual DEX on Base, with invite-only access and limited capacity now live for stress-testing.
20) @birchhill_io launched its first onchain product: a permissioned USDC credit market on Base backed by tokenized real estate equity.
21) @pixiechess opened its new Free Brawl game mode on Base, offering no-entry-fee play with real rewards.
22) @trueo_ launched user-created markets on its permissionless prediction platform, letting anyone ask questions, create markets, and earn.
23) @korprotocol shipped KOR ID on Base, a unified verified identity that unlocks access to its full suite of apps and enables instant agent payments on deal close.
24) @niftyisland launched Prize World, a new play mode powered by Base for collecting authenticated trading cards and unlocking rewards.
25) @freedomfactory announced PQ1, the worldโs first fully post-quantum hardware wallet, live on Base.