Project Progress

Messari Research Report indicates that the number of active subgraphs on The Graph has reached a new high, with developer engagement remaining consistently active. Layer 2 networks have experienced significant growth, with Base chain leading in query volume. Staking activity has increased for the first time, and substream yields have surged. The Graph is driving transformation through the launch of Graph Horizon, strengthening its position as a data service protocol and laying the foundation for long-term growth.

Prediction markets are rapidly developing, with trading volumes significantly increasing, and user demand for "probability pricing" continues to rise. Infinite Galaxy Protocol (IGP) plans to upgrade the USDT Flexible Yield Vault in March, combining AI-driven predictions with liquidity management to offer more flexible participation options and reduce risks. This move aims to promote dynamic synergy between prediction markets and liquidity, improve capital utilization efficiency, and signal DeFi's move toward a more structured future.

Circle's quarterly earnings surpassed expectations, highlighting strong growth in USDC supply and onchain activity. CEO Jeremy Allaire emphasized the convergence of AI, blockchain, and stablecoins for future economic participation, leading to a 35% stock surge.

On-Chain Revenue Protocol Resolv announces the integration of Janus Henderson Anemoy AAA CLO Fund into on-chain asset allocation via the Centrifuge platform, with a deployment limit of $100 million, and plans to leverage up to 80% loan-to-value ratio to enhance capital efficiency.

Cryptocurrency infrastructure startup DoubleZero will launch the second phase of its delegation program on March 9, reallocating 2.4 million SOL from 13 million SOL, encouraging validators operating in regions such as São Paulo, Singapore, Hong Kong, and Tokyo to reduce the regional concentration of Solana validators, while also introducing the "Multicast" data transmission feature.

_Proposed fee switch upgrade may raise UNI burn revenue to nearly $60M annually if trading volumes remain stable._ Uniswap’s governance process has reignited interest in UNI after months of weak price action. A new proposal to expand protocol fee capture across multiple networks has shifted

On-chain asset management firm MEV Capital's assets under management decreased from $1.5 billion in October 2025 to $300 million, an 80% shrinkage. The reduction in assets was caused by the stablecoin de-pegging incident in October last year, which resulted in losses exceeding $10 million. The company's revenue also declined significantly, with first-quarter 2026 revenue totaling only $804,720, an 86.8% decrease from the previous period. Additionally, institutions such as Belem Capital and Midas have terminated their collaborations with MEV Capital.

Circle's USDC will launch on the Morph network, enhancing dollar-denominated stablecoin settlement for payment systems. The integration simplifies cross-chain transfers and supports institutions with streamlined liquidity and treasury solutions.

Decibel, a fully on-chain perpetual contract exchange incubated by Aptos Labs, has launched on the Aptos mainnet, attracting over 700,000 unique accounts and more than 132,000 daily active users. Its daily trading volume exceeds 1 million transactions, with pre-deposits reaching $58 million before the mainnet launch. It adopts a centralized limit order book model and plans to expand into spot markets and multi-collateral accounts in the future.

In brief The MetaMask Card is now accessible to all users across the United States, following a piloted rollout across select geographies. The card allows users to spend wherever Mastercard is accepted using their self-custodied crypto funds. In addition to its free card, the brand is u

Program structure and activity metrics G-Token as infrastructure layer Playnance announced that its “Be The Boss” program has distributed more than $2 million in fiat payouts to participants. The company also reported total platform revenue exceeding $5.3 million and 2,567 active participants

Oobit launched its Wallet-to-Bank feature on February 23, 2026, to speed up crypto-to-fiat conversions by using local payment networks. This service allows users to manage assets in personal wallets and see real-time conversion rates before transactions, benefiting freelancers and international businesses.

IoTex announces recovery and compensation plan, promising to provide 100% full compensation to affected legitimate users. Users holding specific bridging assets can apply for compensation; those with assets totaling less than $10,000 can receive immediate reimbursement, while those with more than $10,000 will be compensated in phases and receive additional rewards. Claim and fund recovery information will be released on February 27.

The XRP Ledger devnet will reset on March 3, 2026, due to a critical bug in the Batch amendment. This reset will erase all ledger data but will not affect other networks. Users will need to recreate accounts and may require new test XRP.

Starknet launches a new type of wrapped asset, strkBTC, providing privacy protection for Bitcoin. strkBTC supports "non-shielded mode" and "shielded mode" to meet transparency and privacy needs, and can operate in compliant environments. More privacy features will be added in the future.