QUAI Network posted $145,743 in chain revenue between April 12 and April 19, 2026, according to data cited from DefiLlama. The article says that result placed the project second worldwide, behind only Binance Smart Chain, while outpacing Arbitrum and Hyperliquid over the same period.
The team also said more than 64.9 million tokens have been permanently burned. In the report, that burn activity is tied to the project’s energy-based monetary design, which is presented as a major driver behind the current focus on QUAI.
Project SOAP links mining activity to buybacks and token burns
The article describes QUAI Network as a chain that does not rely solely on user fees for revenue. Its native mining setup uses a system called Project SOAP. Under that model, miners use the same hardware to mine not only $QUAI, but also Bitcoin and Litecoin, capturing value from the energy used across those networks.
That value is then directed into market buybacks of $QUAI followed by permanent burns. The piece frames this as an energy-to-money flywheel. It also states that the network can process more than 50,000 transactions per second, positioning it as a high-throughput Layer 1 chain.
Price and trading activity moved higher as attention grew
At the time referenced in the source, QUAI was trading around $0.035, up more than 4% over 24 hours. Trading volume was also up 18%. The article links that move to growing interest in the project’s energy-dollar thesis.
The source also notes that QUAI was listed on an exchange on April 8, 2026, saying the move brought a major liquidity boost for U.S. traders, though the exchange name is not specified in the text provided. Beyond centralized venues, users can also swap for $QUAI through Aerodrome on Base and bridge in through Symbiosis from Ethereum or Base.
Supply reduction and exchange speculation remain in focus
The article says QUAI Network launched its mainnet on January 29, 2025. It adds that the Singularity Fork in March 2026 removed 1.67 billion future tokens from supply, making the asset more deflationary. The project’s market capitalization is described as being around $27 million, even as the article argues its revenue is exceeding that of some much larger chains.
The team is also scheduled to host a developer AMA on Monday, April 20 at 11 AM CDT to discuss how the $QI flatcoin works and how developers can build on the QUAI Network mainnet. On Binance, the source says the exchange currently has a price-tracking page for $QUAI, but has not officially listed QUAI Network for trading.