Figma fell 17% after reporting second-quarter 2026 results on Aug. 5, but Artemis Analytics argues the market is still valuing the company too narrowly. The firm points to $370.1 million in revenue, up 48% year over year, a 136% net dollar retention rate, and strong paid-customer growth across higher-ACV cohorts. In its view, Figma is evolving from a design tool into a software layer for creators, product engineers and AI agents. Artemis says that shift could expand the company’s total addressable market well beyond what Wall Street is pricing today. It also argues that AI usage may become a revenue source rather than a pure cost, especially as Figma charges for its AI suite, including Figma Make, Figma Agent, Figma Weave and Figma MCP. The main risk, the note says, is that AI tools from companies such as Claude and OpenAI could one day compress the design-to-code workflow entirely, though Artemis считает that outcome is still far off.

HTX platform data for Aug. 2 to Aug. 9 showed that the broader crypto market did not rise across the board, with Bitcoin dominance staying above 56% and capital still concentrated in large-cap assets. Even so, several mid- and small-cap tokens posted independent rallies. The most concentrated move came from the BSC meme sector, where TUT surged 733% for the week, while MUBARAK and TST also advanced together. In the AI segment, SKYAI rose 291% after ending a three-month consolidation. DeFi names remained active as well: BICO climbed 240%, BMT gained 110%, and BTW rose 153%, marking its third straight week on the gainers list. HTX said many of the week’s top performers had spent extended periods in weakness before being repriced by the market.

OpenAI teamed up with Microsoft, Amazon, Cursor and Vercel to release Agent Plugins 1.0.0, an open standard that packages agent skills and MCP server configuration into a shared format. Initial compatible clients include ChatGPT, Codex, Cursor, GitHub Copilot, Kiro and VS Code. Governance is deliberately decentralized, with maintainers drawn from Amazon, Cursor, Microsoft, OpenAI and Vercel, and a charter rule blocking any single vendor from holding a seat majority.

Sonic Labs CEO Matt Visser used his 50th day in the role to publish a long public letter that rejects the idea of a return to "DeFi Summer" and resets the company around revenue. He argued that crypto has failed to deliver on its original promise to transform financial services, while market narratives that once supported the sector have weakened sharply. As one example, he pointed to Aave’s proposal last week to shut down its Sonic deployment, saying deposits on Aave tied to Sonic had fallen to about $7.6 million and were generating less than $5,000 in quarterly revenue for the protocol, not enough to cover maintenance costs. Visser said Sonic is now pushing four focused product tracks: payments and foreign exchange, AI agent infrastructure, perpetuals and real-world assets, and prediction markets. He added that each initiative will have a named owner, milestones, and clear stop conditions disclosed in Q4. Across all four, revenue is the main operating metric. On token design, Visser said S comes at the end of the sequence, not the beginning. Buybacks, burns, fee sharing, and flywheel structures are easy to announce, he wrote, but without real revenue they amount to moving treasury funds around and dressing that up as value accrual. His message was blunt: build products first, generate revenue second, and only then decide how value should be routed to token holders.

ElizaOS founder Shaw said the $ai16z token is "completely dead" and that the related foundation is gradually winding down operations, according to Foresight. The source article frames ai16z as one of the earliest high-profile crypto AI projects, arguing that it stood out not as a meme-driven asset but as a more technical and idea-heavy ecosystem token. It notes that the project’s founder had proposed, around October and November 2024, a base framework designed to serve the AI ecosystem — an idea the article describes as forward-looking, even if the label "operating system" was awkward. The piece also points out that Anthropic’s MCP framework was introduced in late November 2024, placing it later on the timeline. In the author’s view, ai16z eventually declined for commercial reasons rather than technical ones: it failed to establish a business model that could generate profit and cash flow, and it did not build a stronger team capable of pushing the project forward. The article contrasts that path with Virtual, which it says focused on business model, revenue, and cash flow from the start. The conclusion presented in the source is that long-term project value still comes back to commercial fundamentals.

Cloudflare has released an open-source version of Cloudflare OS, the AI agent platform it first built for internal use. CEO Matthew Prince said the company opened the tool to thousands of employees in May, and usage quickly spread beyond engineering into document drafting, slide creation, and repetitive task automation. The rebuilt version is now being positioned as something any organization can deploy and connect to internal systems. Cloudflare says the key feature is not just agent tooling, but the security model around it. The platform combines an agent workspace, a newly added security and governance layer, and a personal app layer that can turn chats into documents, workflows, or small full-stack apps. Rather than handing API keys directly to people or agents, Cloudflare routes access requests through a Gatekeeper service so credentials never reach the agent or its code. The company also contrasts this design with MCP, saying Model Context Protocol can define tool access but does not show which underlying resources an agent has actually seen. Cloudflare OS logs observations and checks user permissions before workspace access or output review. Still, the article notes that while the code is open source, the runtime remains tied to Cloudflare’s edge infrastructure.

Monad co-founder Keone Hon has released a broad ecosystem update spanning user onboarding, on-chain activity, and protocol research, laying out what the network has built over the past eight months. On the startup side, the first Nitro cohort held its Demo Day in New York with more than 100 investors in attendance, as seven teams presented products ranging from prediction markets and stablecoin on-ramps to open credit markets and AI-assisted trading tools. On the product and adoption front, Category Labs introduced Mera, an open-source Passkey onboarding library that lets apps create crypto accounts for users through familiar biometric flows such as Face ID and Touch ID, without relying on smart accounts or backend logic. The latest Monad Economy figures show TVL at $800 million, more than 30 fiat on-ramps, live institutional lending and RWA markets, and cumulative DEX volume above $15 billion. App Hub now lists more than 130 applications, while Aave’s Monad market has reached $500 million in deposits. The update also highlights developer shipping, academic research, and infrastructure work. Category Labs accounted for 6 of 34 talks at the Science of Blockchain Conference, the testnet has deployed v0.15.2 in preparation for MIP-8 and Deterministic Raptorcast, and the Monad Foundation has launched MOST to subsidize independent open-source developers with AI tokens. BuildAnything, meanwhile, said its first hackathon drew more than 600 project submissions.

Cloudflare announced Wallets on Aug. 4, but the product is not yet a fully usable stablecoin payment wallet for autonomous agents. What is live now is the ability to claim a wallet handle, while actual wallet setup and purchases for APIs and content are still marked as coming “Soon” in the company’s announcement. That timing gap is central to how the launch should be read. The rollout also sits alongside two other payment-related tracks. Stripe Projects, according to Cloudflare and Stripe Projects announcements, is already in open beta and lets agents act on behalf of users to open Cloudflare accounts and buy subscriptions or domain names. Monetization Gateway, by contrast, is aimed at merchants that want to accept x402-based payments and remains on a waiting list. Data shown on the x402 website on Aug. 5 adds context but not proof of Wallet adoption. The site’s 30-day snapshot showed 75.41 million transactions and $24.24 million in volume, or about $0.32 per transaction. That fits low-cost, high-frequency use cases such as API calls and content access. Still, the public figures do not show how much of that activity came from Cloudflare, how much was initiated by AI agents, or how many Wallet accounts, merchants, or payment volumes the Wallet product itself has reached.