Sanctum has quietly moved past Jupiter to become the largest protocol on Solana by total value locked, reaching $1.77 billion in TVL, yet its token’s fully diluted valuation stands at only $32 million. The gap is unusual for a protocol that has become a major piece of Solana’s liquid staking infrastructure. Sanctum’s model lets partners launch branded liquid staking tokens without having to seed deep standalone liquidity pools, instead plugging into a shared liquidity network used across more than 200 LSTs. The report also places Sanctum in the context of a weekend rally in altcoins. Raydium rose about 58% after StonkFun said new token launches would go through Raydium’s LaunchLab, while TAO demand got a boost after StonkFun added support for TAO-paired launches. Against that backdrop, Sanctum stood out less for price action than for fundamentals: rising monthly revenue denominated in SOL, an 8月 gross margin of 55%, and a treasury holding of $6.53 million against a circulating market cap of $16 million. The team has also floated token-level changes, including a proposal to burn 25% of supply from the community reserve and rename the token to SANC. Co-founder Jaye has hinted at swSOL, a product aimed at monetizing idle wSOL deposits.

In July 2026, the crypto market staged a phased recovery after June's sharp correction. Total market cap rose from $2.11T to $2.28T, up 8.31%. ETH outperformed with 22.13% gains, driving DeFi blue chips like UNI and AAVE higher. However, the median return of +0.02% highlights structural divergence. Meme coins, AI/InfoFi tokens, and long-tail assets dominated the leaderboard, with AKE surging over 1,000%. Volume analysis shows 28 tokens had volume spikes above 3x, but high-volume signals were mixed. The recovery remains tepid rather than a broad bull run.

Crypto prices broadly advanced over the past week, but the gains were far from uniform. Drawing on weekly performance data for the top 100 tokens on CoinGecko, Odaily separated the market into three groups: sharp gainers, moderate risers, and the few names that fell even as the broader market moved higher. STX led the field with a 121.2% weekly gain, making it the biggest outlier among the top performers and the only non-Meme token at the very top of the list. CASHCAT, ENA, PENGU, TRUMP, ZEC, PUMP, MELANIA, and PEPE also ranked among the strongest movers, with weekly gains ranging from 49.3% to 102.2%. A second tier of tokens posted gains between 10% and 20%, including LDO, WLD, MORPHO, LINEA, NEAR, HBAR, ASTER, ETHFI, BNB, and ONDO. Odaily said this group was more closely tied to fundamentals and infrastructure themes than the first wave of narrative-led rallies. On the downside, only a handful of tokens fell during the same period. JELLYJELLY, WLFI, JTO, and LAB all posted weekly losses, with LAB down 13%, the weakest showing in the sample. All figures in the report were current as of Aug. 26.

DefiLlama and Web3 investment bank Forgd said on Aug. 26 that they have launched Universal Token Ratings, or UTR, a rating framework for digital assets built to resemble the systems used by Moody’s and Fitch. The platform currently covers 128 assets and assigns grades ranging from AAA to CCC, with ratings set to update regularly based on real-time market data. On the current dashboard, Uniswap’s UNI is the only asset carrying a AAA rating. A group of tokens rated AA includes Meteora (MET), Curve DAO (CRV), Raydium (RAY), Olexchange (O), Jito (JTO), ether.fi (ETHFI), Dogecoin (DOGE), Zama (ZAMA), and Pyth Network (PYTH). DefiLlama head of research Ryan Celaj said ratings calculated from live market data can help users identify projects in a standardized way. Forgd founder and CEO Shane Molidor said UTR ratings must be continually earned, while newly issued tokens at the Token Generation Event, or TGE, stage will begin with a temporary rating. Bitcoin.com News was cited as the source.

The crypto market posted a mild pullback on Aug. 26, according to HTX market data, with Bitcoin briefly dropping below $78,000 in early trading before recovering to $78,500. Ether was quoted at $2,443, while SOL changed hands at $96 after pulling back more than 3% following a move above $100. BNB fell below the $700 mark to $693, and ZEC was quoted at $774 with a nearly 7% decline over the past 24 hours. Total crypto market capitalization fell 0.4% over the same period to $2.739 trillion. Among gainers, BMT jumped 54% to $0.023, ONG rose 17% to $0.1, and PROM added 14.6% to $4.12, while FF, STX, and TLM were each up more than 10%. On the losing side, PEOPLE, STORJ, and MUBARAK were down nearly 20% over 24 hours, while PORTAL, JTO, ETHFI, DASH, and MET each fell close to 10%.

Bitcoin spot exchange-traded funds brought in about $854 million to $865 million last week, according to Decrypt’s Morning Minute newsletter, marking their strongest weekly inflow since May and the first notably large return of capital after an eight-week stretch of outflows through June and early July. Ethereum ETFs also had a solid week, with $244 million in net inflows, which the newsletter said was roughly equivalent to $1.25 billion in Bitcoin ETF buying on a market-cap-adjusted basis. The report linked the move to a softer macro backdrop. U.S. earnings were broadly positive last week, while the July jobs report came in well below expectations, showing a loss of 23,000 jobs versus forecasts for an 80,000 gain. Unemployment still edged down to 4.1%. After that data, the odds of a September rate hike dropped from 67% to 42%. Elsewhere, major crypto assets were mostly flat over the weekend but still 3% to 4% above last week’s levels, with BTC at $65,000 and ETH at $1,916. The newsletter also tracked gains in select altcoins, token and protocol activity, Robinhood Chain assets, and a mixed NFT market, while noting fresh developments around the Clarity Act, NYSE tokenization infrastructure, MARA’s Bitcoin sales and borrowing, and Grayscale’s withdrawn ETF filings.

Jito’s launch of JTX on July 14 has prompted a rethink of how JTO should be valued, according to a market analysis by ake Koch-Gallup and Sam Schubert cited by MarsBit. The core argument is that Jito should no longer be viewed only as a Solana back-end infrastructure business that passively depends on blockspace activity. With JTX, the company is beginning to price user flow instead. In the analysts’ base case, JTO is worth $1.18, implying about 57% upside from roughly $0.75. Their probability-weighted target reaches $2.75, or about 267% upside. The report also places Jito’s repricing in a broader market context. Over the past week, crypto miners led all crypto sectors with a 27.0% gain, helped by AI data center deals. DEXs rose 4.6%, the Bittensor ecosystem gained 4.3%, and the Ethereum ecosystem added 3.9%, while the broader equity market was nearly flat. Against that backdrop, the authors argue Jito’s shift matters because JTX changes both revenue mix and value capture. Early execution metrics show more than 77,000 trades since launch, median slippage of 5.5 basis points versus the oracle midpoint, and 29.1% of trades beating the oracle price. The analysis says that if JTX scales, it could become the dominant driver of Jito revenue and token buybacks.

This week’s project developments span token sales, shutdowns, hacks, protocol upgrades, and new product launches across crypto and adjacent sectors. Robinhood Chain reached $700 million in onchain assets three weeks after launch, with $430 million in stablecoins and about $500 million in TVL. Worldcoin Foundation sold 217.4 million WLD to institutions including Pantera Capital for about $52.5 million, implying a price near $0.24 per token, roughly 36% below the current market price, with a one-year lock-up. Movement has filed for bankruptcy after its onchain apps generated less than $800 in daily revenue for an extended period since last November, while daily chain fees stayed in the single digits and were just $1 over the past 24 hours. In another major incident, Wanchain’s Cardano bridge was hit by a suspected exploit that moved roughly 515 million NIGHT, valued at about $9 million, out of the bridge vault. Elsewhere, Stripe is in advanced talks to acquire OpenRouter at a valuation that could reach $10 billion. Odos said it will shut down operations and permanently close all services on July 30. Uniswap introduced a v4 Hook standard for permissioned pools, LayerZero partnered with Keeta on tokenized bank-deposit transfers, PumpFun’s developer posted a growth leadership role with a base salary of up to $1 million, and Jito launched the self-custodial Solana trading platform JTX.