Robinhood Chain, which switched on July 1, is already generating more chain fee revenue than both Ethereum and Base on the latest 30-day and 24-hour readings cited by Decrypt’s Morning Minute. The newsletter said the network brought in $3.13 million over the past 30 days, versus $2.89 million for Base and $2.47 million for Ethereum, while its one-day take widened to $495,477 against $71,703 and $25,746, respectively. Apps on Robinhood Chain also earned $1.84 million in the past 24 hours, ahead of Ethereum’s $1.14 million, though Ethereum still leads on a 30-day basis. The report tied that rise to a broader jump in network activity. Total value locked reached $727.15 million, bridged assets hit $2.32 billion, stablecoin supply climbed to $769.44 million, and 24-hour DEX volume rose to $1.19 billion. Pons was singled out as one of the biggest drivers of that growth, with $208.82 million in 30-day DEX volume and a record $690,000 in revenue on Saturday, followed by a new $950,000 revenue high on Sunday. Its token was also listed on Hyperliquid perpetuals. The same newsletter also ran through a wider market check: major cryptocurrencies were slightly lower after renewed U.S.-Iran strikes, Solana validators passed a disinflation vote by 0.33 points, Avicie lost about $1.1 million in a hack tied to an outdated Rain card contract, and Cronos halted its blockchain after a roughly $75 million exploit at Tectonic.

Solana was one of the strongest large-cap crypto assets in Decrypt’s Aug. 28 Morning Minute, with SOL back above $105 for the first time since January and up roughly 44% in August. The move came alongside the first binding on-chain governance vote in Solana’s history, where three proposals reached quorum and all passed. The most closely watched measure, SGP-0002, doubles Solana’s disinflation rate from 15% to 30%, bringing the network to its 1.5% inflation floor by 2029 instead of 2032 and cutting about 18.9 million SOL from the projected issuance schedule. Another proposal, SGP-0003, splits fees into a validator-paid base fee and a resource fee tied to compute usage that is burned, potentially lifting daily burns from about 650 SOL to as much as 9,000 SOL. Institutional views were split. Solana Company, trading on Nasdaq as HSDT, supported the constitution but opposed the two economic changes, while DeFi Development Corp backed all three proposals and bought 19,000 SOL for $1.86 million. The report also pointed to a demand-side catalyst after Charles Schwab said it plans to add SOL, AVAX and LINK to Schwab Crypto.

Data from SoSoValue showed a broad pullback across the crypto market after a sharp rebound, with Layer2 standing out as the only relatively resilient sector over the past 24 hours. The segment rose 1.13%, led by Stacks (STX), which gained 16.73%, and Polygon (POL), up 6.29%. Among major cryptocurrencies, Bitcoin (BTC) fell 1.10% and slipped below $79,000, while Ethereum (ETH) dropped 1.61% and moved below $2,500. Other sectors were mostly in the red. DeFi declined 0.38%, with Ethena (ENA) down 7.78%, though Hyperliquid (HYPE) posted a 1.89% gain. CeFi fell 1.65%, with OKB down 3.12%. Layer1 lost 2.39%, as Zcash (ZEC) dropped 6.44%. Meme tokens fell 3.42%, although SPX6900 (SPX) rose 13.33% against the trend. PayFi recorded the steepest sector decline in the report, down 3.99%, while Dash (DASH) fell 10.10%.

The coming week brings a packed schedule for crypto markets and macro watchers, with token unlocks, exchange actions, protocol upgrades and key US economic releases all on the calendar. Humanity Protocol is set to unlock about 266 million H tokens on Aug. 25 Beijing time, while Huma Finance will unlock roughly 459 million HUMA on Aug. 26. Coinbase is scheduled to halt trading in 10 perpetual contracts, including MEME-PERP and SAND-PERP, and the European Union’s expanded crypto restrictions on Belarus under MiCA will begin to apply on Aug. 25. Macro events are also clustered midweek. The US will release July core PCE, personal spending, second-quarter real GDP revision and durable goods orders on Aug. 26. Nvidia’s earnings are due at 04:00 Beijing time on Aug. 27, with its guidance described in the source material as a key test for the AI capital spending cycle. On Aug. 28, Federal Reserve Chair Warsh is set to make his first appearance at the Jackson Hole global central bank symposium. The week also includes BNB Chain’s Pasteur hard fork, a TRON compatibility upgrade proposal vote, a Zcash holder vote on the scope of NU7, and several additional token unlocks across SOSO, XPL, FF, CARDS and KMNO.

The week of Aug. 24 to Aug. 30 features a dense slate of events for crypto traders and market watchers, spanning regulation, protocol upgrades, exchange changes, court proceedings, and macro catalysts. On Aug. 25, the European Union’s expanded crypto restrictions on Belarus are set to take effect for all Markets in Crypto-Assets Regulation, or MiCA, service providers, while BNB Chain plans to activate its Pasteur hard fork and Conflux Network moves forward with a v3.1.0 upgrade. Binance also said it will suspend deposits and withdrawals on the Conflux Network on Aug. 25, 2026 to support that hard fork. Aug. 26 is led by Hyperliquid’s AQAv2 revenue accrual launch, which the project says could channel as much as $200 million into HYPE buybacks and burns over time. The same day, BitMart is scheduled to shut down all trading services, BitMEX will begin applying risk limits ahead of its Sept. 23 closure, and Coinbase will halt perpetual futures trading for 10 tokens including MEME, SAND, BLUR, AXS, and ZRO. On Aug. 27, attention shifts to macro and public markets as the Jackson Hole central bank symposium opens, the Bank of Korea releases its rate decision, and Nvidia reports fiscal 2027 second-quarter earnings. That date also brings a first-instance ruling in Bithumb’s mistaken Bitcoin distribution case and the shutdown of EulerFinanceBot’s TAC Telegram mini app. Later in the week, DeFi Kingdoms’ DFK Chain is set to stop running on Aug. 28.

TradingBeats said on Aug. 21 that a recent BTC rally appears to be drawing on-chain attention back to crypto from U.S. and South Korean equities. One address highlighted by the platform, 0xb5…7a08, has shown a clear change in asset preference. The address had previously been active for an extended period in equity-linked trades tied to major U.S. technology and AI names, including Microsoft, Nvidia, Meta, Amazon, Alphabet, Apple, Oracle, NBIS and SPXC. Its cumulative trading volume across those positions reached $131 million, according to TradingBeats. In recent days, the address reduced trading activity tied to U.S. stocks and shifted its main risk exposure back to the crypto market. Trading records show it began adding aggressively to long BTC and ETH positions on Aug. 19, buying 15 BTC near $65,962 and another 170 BTC near $68,196, while also opening a 4,000 ETH long. The account is now centered on BTC and ETH, with total net asset value at about $7.3955 million and unrealized profit at roughly $6.5597 million. BTC is currently the largest position, with a 40x leveraged long of 460 BTC carrying a notional value of about $35.7944 million. The average entry price was $66,720.90, and the unrealized profit stood near $5.1027 million. The address also holds a 20x leveraged ETH long worth about $9.5988 million, opened at an average of $2,038.20, with ETH quoted around $2,399.70 and unrealized profit of about $1.446 million.

Uniswap founder Hayden Adams has reignited debate over automated market makers with his first blog post since 2019, arguing that AMMs can take over the world’s biggest markets once tokenized assets trade against each other instead of directly against dollars. His thesis centers on correlated pairs: if two assets move together, liquidity providers face less risk, making passive onchain liquidity more competitive with professional market makers. Adams compares that shift to the rise of index investing, citing the growth of passive funds and the concentration of trading power at firms such as Citadel Securities. The argument met immediate resistance. Brian Huang, co-founder of onchain portfolio app Glider and a former XTX Markets trader, said AMMs are structurally unsuited for traditional market making, pointing to execution, latency, gas costs, order-flow segmentation and impermanent loss. Other market participants pushed on different parts of the thesis. Bebop CEO Katia Banina questioned whether traders would actually want pairs like SPY/NVDA instead of dollar pairs, while InvestaX CEO Julian Kwan said regulated tokenized assets introduce issuer-controlled permissioning that limits who can provide liquidity. The debate widened to include Uniswap v4 hooks, routing economics, capital efficiency and the current share of DEX spot volume relative to centralized venues. Supporters framed AMMs as programmable market infrastructure; skeptics argued the model may remain useful in niche routing and arbitrage roles without displacing professional market makers.

NFTs on the Robinhood chain have started drawing fresh attention, with one immediate trigger coming from an X exchange between Robinhood CEO Vlad Tenev and digital artist beeple. In beeple’s post, Tenev appeared as an "NFT savior" holding Cash Cat, with the caption that Robinhood was saving NFTs. Tenev replied, "Someone has to do it." Following that interaction, the floor price of the Cash Cat NFT collection climbed to about $660, marking a fivefold increase in two days before later pulling back to roughly $375. Before that social media catalyst, StonkBroker had already emerged as the leading NFT collection on the Robinhood chain. Its floor price briefly rose above 13 ETH, or around $25,000, and later held at 11.75 ETH. On a per-NFT basis, that put StonkBroker above Bored Ape Yacht Club, while its market capitalization at one point exceeded $100 million, surpassing established collections such as Pudgy Penguins and Milady. The article groups the current Robinhood NFT activity into three buckets: meme-coin-linked NFT collections such as Cash Cat and $HOODRAT, the broader StonkBroker ecosystem including Chain Mancers and Yardkeepers, and veteran founders or older NFT brands launching new projects on the chain. It also flags a key risk: NFT liquidity remains far weaker than meme coins, making exits harder and slippage more severe, especially in smaller collections.