South Korea’s crypto market runs on a structure that looks almost inverted relative to major global venues. In the period cited in the source article, Bitcoin accounted for just 9% of trading in Korea, while 85% of volume went to altcoins and newly listed tokens. Upbit and Bithumb, the country’s two dominant exchanges, together controlled nearly 96% of trading, with a retail-heavy user base driving much of the activity. The article argues that four structural constraints help explain the pattern: no legal domestic crypto derivatives, capital controls that keep out overseas market makers and arbitrage desks, a narrower listing universe, and a market culture shaped largely by retail traders rather than institutions. That setup has produced a distinct “KRW listing premium.” Newly added tokens on Upbit and Bithumb have repeatedly posted sharp moves in both price and volume, while Korea’s closed fiat rails and local order flow have made those moves harder to arbitrage away. Still, the effect fades over time. The source says most tokens lose the bulk of their liquidity within 10 to 15 weeks of listing, and only a minority retain more than 10% of peak trading activity after 51 weeks. The result is a market where listing-day enthusiasm can be intense, but long-term liquidity is far more selective.

Solana Mobile has opened claims for Seeker Summer Round 1 of its SKR token distribution, giving eligible participants access to their allocations through Seed Vault Wallet. The round uses a three-tier structure based on participation level. Level 3 users can claim 3,000 SKR, Level 2 users can claim 2,000 SKR, and Level 1 users can claim 1,000 SKR. Solana Mobile also said that some highly active Level 3 participants will receive additional reward allocations. The claim window will remain open for 30 days. After claiming, users can stake SKR to earn rewards. The token can be staked directly to Guardians within Seed Vault Wallet, or through the SKR Staking web interface. The announcement focuses on the claim process, allocation tiers and staking options available once tokens have been received.

Solana Mobile has started the Seeker Summer Round 1 claim event for SKR tokens, giving eligible participants access to their allocations through Seed Vault Wallet. The distribution is split into three tiers based on participation level: Level 3 users can claim 3,000 SKR, Level 2 users 2,000 SKR, and Level 1 users 1,000 SKR. The company also said some highly active Level 3 participants will receive additional rewards on top of the base allocation. To claim, users need to open their Seeker device, enter Seed Vault Wallet, go to the Activity Tracking page, select "Check Available Allocations," and complete the claim process. Solana Mobile said the claim window will remain open for 30 days. After claiming, users can stake SKR to earn rewards, either by staking directly to Guardians inside Seed Vault Wallet or by using the SKR Staking web interface.

Seeker, Solana’s second-generation phone, has opened the first summer-round claim for SKR tokens through the Seed Vault wallet. The claim window will remain open for 30 days. This round is split into three allocation tiers: Tier 1 offers 1,000 SKR, Tier 2 offers 2,000 SKR, and Tier 3 offers 3,000 SKR. After claiming, users can stake their tokens. The update was shared through Solana Mobile’s X account.

Toss (Viva Republica) is developing a proprietary L1 blockchain mainnet and native cryptocurrency, filing 24 won-pegged stablecoin trademarks (including 'TOSSKRW'), to integrate payments, banking, and securities. With 30 million users, the firm plans a 2026 US IPO.

Toss is preparing a proprietary blockchain network, native digital asset infrastructure, and an embedded Web3 wallet, while weighing an L1 versus L2 approach amid pending South Korean regulation.

South Korean fintech giant Toss is developing its own blockchain infrastructure, evaluating L1 and L2 options, and has already registered 24 KRW stablecoin trademarks as it expands into Web3 finance.

South Korean fintech giant Toss is developing its own blockchain network, native token, and in-app Web3 wallet while preparing for potential KRW stablecoin issuance through 24 trademark filings.