Category

Crypto

Nov 18
0

Daily Brief Crypto: 2025 Q3 Listing Report and more

By | Crypto, Daily Briefs

In today’s briefing:

  • 2025 Q3 Listing Report

2025 Q3 Listing Report

By Animoca Brands Research

  • Q3 saw a shift in altcoin exchange listing activities from a low phase to a more volatile model.

  • July marked the first recovery, driven by Bitget and MEXC. A full rebound occurred in September, with strong listing activities from both large and mid-size exchanges, reaching January’s listing event levels and surpassing its initial trading volume.

  • We anticipate continued volatility in listing activity due to overall market uncertainty.

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Nov 03
0

Daily Brief Crypto: Kite AI: Open Infrastructure for the Agentic Economy and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Kite AI: Open Infrastructure for the Agentic Economy

Kite AI: Open Infrastructure for the Agentic Economy

By Animoca Brands Research

  • AI industrial developments are advancing fast, presenting a paradigm shift from human centric systems to human-system interactions.
  • Emerging standards are shaping the AI agent economy, including the X402 protocol developed by Coinbase and the A2A and AP2 protocols by Google.
  • Kite AI is a PoAI-powered L1 blockchain optimized for the AI agent economy, enabling near-instant, sub-cent stablecoin micropayments via state channels and payment lanes.

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Oct 29
0

Daily Brief Crypto: (COAI) ChainOpera – Decentralised Federated Learning for AI and more

By | Crypto, Daily Briefs

In today’s briefing:

  • (COAI) ChainOpera – Decentralised Federated Learning for AI

(COAI) ChainOpera – Decentralised Federated Learning for AI

By Tatja Karkkainen

  • Valuation inflated by AI market enthusiasm, not genuine federated learning adoption, and limited exchange listing. 
  • Demand for federated AI data solutions remains uncertain at this stage.
  • High execution risk persists, as federated learning infrastructure is still conceptual and progress may lag expectations.

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Oct 28
0

Daily Brief Crypto: My Pet Hooligans: Unlocking Players with Web3 and AI and more

By | Crypto, Daily Briefs

In today’s briefing:

  • My Pet Hooligans: Unlocking Players with Web3 and AI

My Pet Hooligans: Unlocking Players with Web3 and AI

By Animoca Brands Research

  • AMGI Studios combines animation expertise with gaming technology to explore new entertainment formats.
  • Its first title, My Pet Hooligan (MPH), is a multiplayer shooter with open-world gameplay, tokenized assets, and on-chain progression.
  • To expand its audience, AMGI leverages Web3 and AI. Web3 features like $KARRAT tokens, NFTs, and an on-chain marketplace attract blockchain-native players and reward engagement, while Studio Chain is designed to support fast, scalable, and secure transactions.

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Oct 23
0

Daily Brief Crypto: Interpreting Circulating Supply Effects on Token Valuation: MC Vs FDV and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Interpreting Circulating Supply Effects on Token Valuation: MC Vs FDV

Interpreting Circulating Supply Effects on Token Valuation: MC Vs FDV

By Animoca Brands Research

  • Fully Diluted Valuation (FDV) and Market Capitalisation (MC), while subject to various externalities, are often used as reference points for token valuation. However, this approach is ambiguous for early-stage tokens: Small circulating floats and speculative momentum often inflate FDV, creating uncertainty over whether to benchmark against peers’ FDV or to adjust for differences in circulating supply.
  • We analysed over 800 tokens, regressing circulating supply (%CS) against both Fully Diluted Valuation (FDV) and Market Capitalisation (MC), with results segmented by project maturity and time.
  • Main finding: Throughout most of a token’s life, MC explains valuation behaviour more reliably than FDV. The market anchors on circulating supply rather than total theoretical value.

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Oct 10
0

Daily Brief Crypto: The USD Stablecoin Issuing Business: Learnings from the USDH Bidding War and more

By | Crypto, Daily Briefs

In today’s briefing:

  • The USD Stablecoin Issuing Business: Learnings from the USDH Bidding War

The USD Stablecoin Issuing Business: Learnings from the USDH Bidding War

By Animoca Brands Research

  • Hyperliquid, a popular decentralized exchange, recently initiated an open Request for Proposal (RFP) for issuers of its native stablecoin, USDH.
  • The requirements for issuers were clear: they needed to be “Hyperliquid-first,” “Hyperliquid-aligned,” and compliant.
  • The platform’s substantial existing stablecoin demand of $6 billion, coupled with its rapid growth potential, attracted numerous stablecoin issuers.

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Sep 30
0

Daily Brief Crypto: Exchanges’ Next Phase: Reaching the Mainstream and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Exchanges’ Next Phase: Reaching the Mainstream
  • Tokenized Real-World Assets: Could Vaults Solve the DeFi Integration Challenge?

Exchanges’ Next Phase: Reaching the Mainstream

By Animoca Brands Research

  • Exchanges have evolved from simple matching engines into platforms offering custody, derivatives, and broader asset management, gradually becoming the main gateway into crypto.
  • Yet the traditional model has hit a ceiling, with user growth slowing and expansion momentum fading.
  • Mainstream adoption faces clear barriers.

Tokenized Real-World Assets: Could Vaults Solve the DeFi Integration Challenge?

By Animoca Brands Research

  • The on-chain real-world asset (RWA) market (ex-stablecoins) has grown to an estimated $24.8B (+57.9% YTD), validated by the presence of institutional TradFi giants like BlackRock, Franklin Templeton, Invesco, UBS, and Apollo.
  • The key challenge hindering DeFi scale is not creating tokenized assets, but distributing them to the DeFi ecosystem.
  • This bottleneck is a complex knot of regulatory fragmentation and requirements, the inability of permissioned assets to integrate with permissionless DeFi protocols, multi-platform interoperability, information asymmetry for investors, and attracting sufficient demand.

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Sep 27
0

Daily Brief Crypto: State of Tokenized Stocks (September 2025) and more

By | Crypto, Daily Briefs

In today’s briefing:

  • State of Tokenized Stocks (September 2025)

State of Tokenized Stocks (September 2025)

By Animoca Brands Research

  • Tokenized Stocks Show Strong On-Chain Supply Growth: The tokenized stocks on-chain market value (ex-EXOD) has grown to an estimated $127M, up 14x YTD (as of 6 Sep 2025; $342M inclusive of EXOD), driven by the launch of Backed’s xStocks and Ondo Global Markets.
  • Are Tokenized Stocks Real Stocks? The two main stock tokenization models are synthetic structure and native issuance.
  • Both provide exposure to the return of the underlying stock, but native issuance aims to give investors true ownership rights.

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Sep 18
0

Daily Brief Crypto: ARAI: Agentic AI for In-Game Play and Beyond and more

By | Crypto, Daily Briefs

In today’s briefing:

  • ARAI: Agentic AI for In-Game Play and Beyond

ARAI: Agentic AI for In-Game Play and Beyond

By Animoca Brands Research

  • The ARAI team’s game products, the 0xAstra intended to address the cross-chain liquidity issue through a gamefied user experience.
  • The newly added AI layer, ARAI system, is planned for the sophisticated cross-chain games as a co-pilot, with the potential to be deployed in other games in the future
  • The first release, Astra Game 1, transforms chain interactions—such as bridging and swapping—into engaging explorations of interstellar planets, where players mine resources, construct bases, produce armies, and customize weapons to dominate the galaxy.

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Sep 13
0

Daily Brief Crypto: Intuition Protocol: Building the Internet’s Trust Layer and more

By | Crypto, Daily Briefs

In today’s briefing:

  • Intuition Protocol: Building the Internet’s Trust Layer

Intuition Protocol: Building the Internet’s Trust Layer

By Delphi Digital

  • The report explores Intuition Protocol, a decentralized trust layer designed to solve the internet’s core challenge: how information is discovered, validated, and shared.
  • Unlike centralized Web2 platforms or binary prediction markets, Intuition introduces Token Curated Graphs built from Atoms (unique data identifiers) and Triples (relationships between them).
  • By aligning economic incentives, social capital, and portable data structures, the protocol turns knowledge into an asset class—one that individuals, communities, and AI agents can own, curate, and monetize.

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