Robinhood and Coinbase saw crypto trading activity slump alongside broader market conditions, but one managed to offset that weakness.

Spot exchange volume is on track to set a new 12-month low at $670 million, down from its annual high of $2.23 trillion.

BOOST comes into effect after a token has already bonded, so it doesn’t mechanically lift the share of tokens that reach the threshold.

Total value locked in Ethereum Layer 2s has slid back to roughly $5 billion, a level last seen in 2023.

The number of active accounts on Roinbhood Chain averaged around 275,000 per day, down by 7% week-over-week.

Within the broader RWA category, tokenized equities have been the more popular asset class to trade over tokenized commodities.

Solana ETFs boast an impressive $904 million AUM, while the Hyperliquid funds have $350 million in net inflows.

Sports accounted for 80% of both Kalshi and Polymarket's total volumes throughout the weekslong World Cup tournament.

The decline in search volumes this month coincides with aggregate stablecoin supply having reversed its 10-month expansion.

An estimated 20% of miners are now unprofitable at current prices, and the stress shows up at the network level, too.

Kalshi's aggregated OI reached a record $1.16 billion last week, the first time the platform’s OI surpassed the billion-dollar mark.

The platform's fall from grace is best reflected in the PUMP token itself, which is down 40% in the last six months alone.

Volume across the three products has been uneven, with BHYP and THYP accounting for the bulk of activity while HYPG continues to ramp.

Stock-linked HIP-3 markets have generated more than $18.8 billion in volume so far this month, eclipsing crude oil and Brent perps combined.

The growth of the fourth-largest RWA category signals a structural demand trend as crypto users want access to equity markets.

Monthly venture deal count in crypto fell to roughly 50 deals in May, a level not seen since before 2021.

Despite the bullish sentiment on HIP-3, Hyperliquid's pure crypto volumes are down significantly year over year.

The composition of that volume remains heavily concentrated among a handful of exchanges, with Binance maintaining its dominant share.

On-chain Pokémon card revenue has surged 337% as 30th-anniversary mania lifts tokenized markets.

DeFi outflows have deepened five weeks after the KelpDAO breach exposed new infrastructure risks.

The distributed market structure suggests the RWA landscape has not yet consolidated around a clear winner.

The bank-issued and GENIUS Act-compliant stablecoin entrants have had a harder start than many expected.

A contracting float against any meaningful demand recovery has historically been a constructive setup for price.

The current near-parity gives both chains another chance to position themselves to capture volume when onchain activity rotates back.

Dominance peaked near 62%–63% last year before a sustained drawdown through late 2025, bottoming near 54%–55%.

It will be worth watching whether ZCSH can sustain over $2 million in daily volume into the new month.

Every crypto-related stock in the market now has its own differentiated business models that respond to different drivers.

The tokenization layer of these platforms is being used as a liquidity wrapper, as opposed to a purely speculative venue.

Kyber currently leads with ~30% market share, followed by CowSwap at 22%, while 1inch has seen its share decline to 15% over the same period.

On Hyperliquid, just three of the top 10 markets by volume are crypto pairs and the rest are tokenized equity or commodity futures.

CME has lost its position as the largest Bitcoin futures exchange to Binance for the first time since November 2023.

Stablecoin composition of card volume is worth watching as a proxy for geographic and demographic shifts in users.

The price of TAO nearly doubled in March, as the market is catching up to a realization of what the Bittensor network can do.

The platform's share of total perp futures volume has climbed to just under 6% in March with monthly volumes approaching $200 billion.

Monad still accounts for less than 0.4% of the approximately $91 billion total TVL tracked across all chains.