PEARL

Pearl

2026-10-21 10:13:17

Pearl’s 10x run puts its AI mining thesis in focus, but liquidity and token pressure remain

Pearl, a Layer 1 blockchain built around Proof of Useful Work, has become one of the market’s most closely watched AI-linked crypto projects after its token surged from $0.23 to $2.2 in four months, lifting its market capitalization to $760 million. The project’s pitch is unusual: reuse GPU matrix multiplication from AI inference as mining work, allowing the same compute to generate blockchain security proofs while also serving AI workloads. On-chain activity has grown alongside the rally. Active holding addresses topped 68,000 as of Oct. 21, while daily new addresses climbed to 4,982. At the same time, token ownership remains concentrated, with the top 100 addresses holding 42.12% of supply and the top 10 holding 14.15%. Trading value is concentrated as well, with the top 1% of transactions accounting for 96.3% of total transferred value over the past 30 days. Pearl has also drawn attention from firms and industry figures including No Limit Holdings, Dragonfly, Stripe’s CEO and DWF Ventures. Yet the project still faces unresolved questions: whether most mining can be tied to real AI demand, how PEARL captures value from AI services, how the market absorbs ongoing token issuance, and what concentrated mining power means for decentralization. Those issues sit alongside weak secondary-market liquidity, with 98.8% of 24-hour spot volume concentrated on SafeTrade, BigONE and Ourbit.

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Pearl

2026-10-21 06:12:47

PEARL trades at $2.21 with a 138.8% gain over the past 30 days

Market data cited by ChainCatcher shows that Pearl (PEARL) was trading at $2.21, up 12.1% over the past 24 hours. The token’s market capitalization stood at about $776 million, while 24-hour trading volume was დაახლოებით $9.93 million. Circulating supply was listed at 352 million tokens. Over the past 30 days, PEARL has gained 138.8%, according to the same market data. Earlier, Kraken added PEARL to its listing roadmap. The update combines short-term price movement with broader monthly performance and comes as the token remains on the radar of exchange watchers following Kraken’s roadmap inclusion.

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Pearl

2026-10-20 08:28:13

Pearl pitches a market-based way to price GPU compute as public indexes struggle with H100 valuations

GPU pricing remains hard to pin down even for the same NVIDIA H100, with listed rates varying sharply depending on uptime guarantees, networking, cooling, and the broader compute environment wrapped around the chip. The article argues that this makes standardized pricing and physical-delivery futures difficult, because the underlying product is not a uniform commodity. It points to examples such as CoreWeave borrowing against similar H100 hardware at very different rates depending on whether long-term customer contracts were attached, and notes that public cloud rate cards can sit 40% to 50% above what large buyers actually negotiate. Against that backdrop, Pearl is presented as a Layer 1 blockchain that replaces SHA-256 hashing with GPU-based matrix multiplication while keeping a Bitcoin-style proof-of-work and difficulty adjustment framework. Using a mechanism called NoisyGEMM, the network is designed to prevent miners from shortcutting the work while still making the computation commercially relevant. The piece says 320,000 GPUs are pointed at Pearl, and that their movement between mining and external rental markets creates a continuously updated signal for the opportunity cost of compute. It also cites Together AI’s May 15, 2026 launch of an inference endpoint on Pearl, priced more than 25% below standard cloud rates for Gemma-4-31B-it-Pearl.

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PEARL

2026-10-20 01:29:27

PEARL tops $2 with monthly gain at 82.2% after Coinbase roadmap inclusion

PEARL rose above the $2 mark on Oct. 20, changing hands at $2.01, according to market data cited by BlockBeats. The token was up more than 5% over the past 24 hours, while its monthly gain reached 82.2%. Its market capitalization was reported at $702 million. Earlier on the same day, Coinbase said it had added Pearl (PEARL) to its listing roadmap. BlockBeats had previously reported that development. Pearl is described as an independent public blockchain launched in April 2026. The project positions itself as an "AI version of Bitcoin." According to the information cited in the report, miners use GPUs to perform large-model matrix computations, and block production also generates verifiable AI compute output. The token’s total supply is about 2.1 billion.

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Coinbase

2026-10-19 21:29:34

Coinbase adds AXIS, PEARL and STABLE to its asset listing roadmap

Coinbase has added three projects to its asset listing roadmap: Axis Labs (AXIS), Pearl (PEARL), and Stable (STABLE). The update was reported by Techub News and attributed to @CoinbaseMarkets. Coinbase said the roadmap is intended to give the community more transparency by showing which assets are under evaluation. It also said inclusion on the roadmap should not be treated as a guarantee of a future listing. The announcement only indicates that the exchange is assessing these assets at this stage, with no commitment to launch trading support. The three newly added names are Axis Labs, Pearl, and Stable.

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Pearl

2026-10-19 05:17:53

Pearl pitches AI mining as a fix for Bitcoin’s security budget problem

Bankless analyst David Christopher argues that Pearl should be viewed less as an "AI Bitcoin" narrative and more as an attempt to answer a basic Proof-of-Work question: who pays for network security. In his analysis, Bitcoin miners face mounting pressure as block rewards shrink every four years, while transaction fees still fall short of sustaining security on their own. Pearl, a Bitcoin hard fork that launched in April, tries to change that equation by replacing conventional SHA-256 hashing with matrix multiplications tied to AI inference workloads. Under Pearl’s model, miners can still earn PRL by running the required computations on random inputs, but those serving real AI customers can also collect fiat or stablecoin revenue on top of block rewards. The idea is that external demand for AI inference could cover a large share of operating costs, reducing the need for miners to sell newly mined tokens into the market. Christopher says the bigger long-term upside would come if Pearl can build a decentralized AI inference market settled in PRL, especially through its work with Attestable on a proof-of-inference layer focused on privacy and cryptographic verification. He also flags major risks, including high first-year inflation, "junk mining," three hard forks over the summer, mining-pool concentration, and the possibility that large AI data centers could become dominant actors in the network.

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Pearl

2026-10-16 11:59:01

Pearl pitches AI inference income as a way to squeeze out pure miners

Pearl is framing AI inference as a second source of revenue for miners, according to a brief item cited by Foresight. The core idea is not to ban so-called useless miners outright. Instead, Pearl appears to rely on market incentives: GPUs that can handle AI inference gain an extra income stream, while participants focused only on mining face pressure from a weaker economic model. The short source note describes this as a way for AI inference GPUs to turn the tables on pure miners. In practice, that means hardware with broader utility could earn more than machines used for mining alone. The mechanism outlined in the source is economic rather than administrative, with Pearl seeking a natural shakeout instead of direct exclusion. No additional operational details, figures, or timelines were disclosed in the source material.

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Pearl

2026-10-15 23:57:00

PRL Jumps More Than 250% in 30 Days as Pearl’s AI Mining Model Faces Its Real Test

Pearl Research’s token PRL has turned into one of the strongest movers in the AI crypto segment, rising about 64% over the past seven days and nearly 261% over 30 days as of Oct. 14, with a circulating market capitalization of roughly $650 million. The rally has drawn attention to Pearl’s core pitch: a Proof of Useful Work, or PoUW, design that aims to let GPUs handle AI workloads while also producing blockchain mining rewards. The idea is straightforward on paper. Instead of using compute power only for traditional proof-of-work hashing, Pearl replaces that work with matrix multiplication, a core operation used in AI training and inference. That gives GPU operators a shot at earning both AI service revenue and PRL mining rewards from the same hardware. The project has also pointed to a commercial example through its integration with Together AI, which said expected mining rewards allowed more than 25% discounts on certain model API prices. Still, the model has not cleared its biggest questions. Input data cited by CoinW Research Institute shows Pearl has yet to fully prove how much of its compute comes from real paying AI demand rather than synthetic mining activity. PRL’s token structure also adds risk: only about 16.4% of the 2.1 billion maximum supply is in circulation, while roughly 1 million PRL are estimated to be newly issued each day. With fully diluted valuation nearing $4 billion, the project now has to show that revenue, demand and token value capture can keep up with market expectations.

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