Pi Coin price has edged higher after Pi Network introduced three ecosystem upgrades, while buyers stepped in following the token’s fresh all-time low and a broader crypto market rebound lifted sentiment.

According to data from crypto.news, PI price traded near $0.115 on July 2, up around 0.5% over the past 24 hours after the Pi Core Team unveiled SoloHost, Pi Sign-In, and PiVerify during the Pi2Day event. The move also came as derivatives activity improved, with open interest climbing back above $20 million after falling during last week’s selloff.

Pi2Day 2026 reflects how Pi’s utility continues to grow through infrastructure and participation.

– Through SoloHost, Pi Desktop and Nodes can support new local AI app and compute use cases
– Pi Sign-in can help connect those experiences across users, devices, and services
-…

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— Pi Network (@PiCoreTeam) July 1, 2026

Pi Network said SoloHost allows developers to build AI-powered applications on its infrastructure, while Pi Sign-In offers a unified authentication system for decentralized applications. PiVerify gives third-party businesses access to Pi’s network of more than 18 million KYC-verified users, creating an additional use case that requires developers and businesses to interact with the ecosystem.

At the same time, macro conditions favored risk assets. Bitcoin climbed back above $61,000 and briefly traded beyond $62,000 after weaker-than-expected U.S. June jobs data strengthened expectations that the Federal Reserve could cut interest rates later this year. The rally added roughly $50 billion to the total crypto market capitalization and helped several altcoins post intraday gains alongside PI.

Oversold bounce meets bearish chart structure

PI’s latest uptick followed a sharp decline that pushed the token to a fresh all-time low near $0.1141 on July 1. The daily Relative Strength Index dropped to around 27 before buyers returned, giving the token a foothold around the $0.115 support zone.

The 4-hour chart, however, continues to favor sellers. PI has formed what appears to be a potential bearish flag, with price moving inside a narrow ascending channel after the steep decline from roughly $0.132. A descending trendline has rejected every recovery attempt since late June, while the Supertrend indicator remains above price near $0.121.

The MACD has started to improve, with the histogram returning above zero and the MACD lines curling upward. Buyers still need to reclaim several resistance levels before the short-term structure changes. Fibonacci retracement levels place the first barriers near $0.116, $0.120, and $0.123, while a move above the descending trendline and Supertrend would weaken the bearish setup.

Token unlocks remain the biggest downside risk

Supply pressure continues to overshadow the network’s new utility releases. PiScan data shows between 76 million and 149 million PI tokens are scheduled to unlock during rolling 30-day periods, while more than 1.7 billion tokens are expected to enter circulation over the next 12 months.

The steady increase in liquid supply has consistently outpaced demand and remains the main reason PI continues to trade near record lows. Liquidity also remains limited because Binance, Coinbase, and Bybit have yet to list the token.

A breakdown below the lower boundary of the four-hour bearish flag and the recent $0.111 low would strengthen the bearish case and expose fresh all-time lows.

On the upside, sustained buying above $0.120-$0.121, supported by growing adoption of SoloHost, Pi Sign-In, and PiVerify, would invalidate the current bearish pattern and open the door for a recovery toward $0.123-$0.125.

Ondo Finance is adding shareholder voting rights to its tokenized stocks and exchange-traded funds (ETFs) through a partnership with financial infrastructure provider Broadridge, addressing one of the key limitations of blockchain-based securities.

The companies announced Thursday that holders of more than 250 tokenized securities issued through Ondo will be able to participate in proxy voting and access corporate communications, including regulatory filings and other shareholder documents.

The integration uses a Web3-enabled version of Broadridge’s investor communications platform, allowing users to authenticate with blockchain wallets while accessing governance services typically reserved for shareholders in traditional markets.

The move comes as tokenized equities gain momentum among digital asset companies seeking to bring conventional financial products onchain. While tokenization promises faster settlement and around-the-clock trading, questions have remained over whether investors would receive the governance rights that accompany traditional direct stock ownership.

Source: Ondo Finance

Ondo said the governance features will accompany the launch of its first US custodial tokenized securities, including tokenized versions of BlackRock’s iShares Core S&P 500 ETF (IVV) and Micron Technology (MU). The company said the assets are the first issued under the US Securities and Exchange Commission’s third-party custodial framework for tokenized securities.

Related: Blockchain.com deepens onchain stock offerings as tokenized equities market grows

Competition heats up in tokenized equities

The market for tokenized stocks has expanded rapidly this year, as its total value first surpassed $1 billion in March, according to Foresight Ventures. Data published by Ondo on Wednesday showed the market has since grown to $1.67 billion, with nearly 181,000 unique holders.

Ondo is one of several companies competing for a share of the fast-growing market. Backed Finance, which issues tokenized stocks through its xStocks platform, has also expanded its footprint, with its products now available across multiple crypto exchanges and blockchain networks.

The market for tokenized stocks has grown nearly 14-fold since May 2025. Source: Ondo Finance

Tokenization has emerged as one of crypto’s fastest-growing sectors in 2026, defying broader market weakness. A recent 21shares report attributed the trend to rising institutional adoption and improving infrastructure. Separate data from Binance showed the value of tokenized real-world assets, including stocks, has surged nearly 600% over the past year.

Related: Crypto Biz: The cost of stacking sats

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

DeFi lending protocol Aave has expanded its multi-chain footprint by deploying its V3 lending markets on Monad, a layer-1 network designed to run Ethereum-compatible applications. The rollout introduces Aave on Monad with 12 supported assets at launch, aiming to give Monad users an established borrowing venue and to accelerate liquidity formation via incentives.

In its announcement on Thursday, Aave said the initial markets include USDT, USDC, Aave’s GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC, and sUSDe. It also highlighted that this is Aave’s first deployment with Chainlink Smart Value Recapture enabled from day one, a mechanism that redirects part of the value generated from liquidations back to the protocol.

Key takeaways

• Aave V3 is live on Monad with markets for 12 assets, including GHO and multiple stablecoin and wrapped-asset pairs.
• Chainlink Smart Value Recapture is enabled from launch, redirecting a portion of liquidation-generated value back to Aave.
• Governance materials show Monad’s ecosystem support includes $15 million in incentives over the first 12 months and additional GHO commitments.
• A risk assessment cited concerns about early activity on Monad compressing after an initial strong start, with liquidity remaining concentrated in established protocols.

What Aave V3 brings to Monad

The deployment matters for Monad because it moves beyond isolated DeFi activity and adds a battle-tested lending framework with liquidity incentives and a mature stablecoin ecosystem. Aave’s governance proposal notes that Monad is compatible with Ethereum’s application environment, meaning developers can reuse existing Solidity contracts and Ethereum tooling with minimal changes.

Aave also positioned the launch as more than a deployment checklist: it is meant to connect Monad’s users to GHO and to borrowing/lending liquidity designed for sustained market use. In addition to the asset list, Aave underscored the strategic role of Chainlink Smart Value Recapture in its liquidation flows, which can affect how value accrues on the protocol side and how incentives are structured during early adoption.

Incentives to jump-start liquidity—plus a reality check

Aave’s governance documentation indicates that the Monad Foundation committed $15 million in incentives during the first 12 months following activation. The foundation also agreed to acquire and retain 10 million GHO for more than six months, while the Aave DAO committed an additional 500,000 GHO in incentives to support onboarding on Monad.

That funding structure is designed to reduce early friction for borrowers and suppliers, but it does not automatically guarantee long-term utilization. A risk assessment by LlamaRisk pointed to a key uncertainty: while Monad’s mainnet launched on Nov. 24, 2025, network usage reportedly softened after a strong start. As of June 8, LlamaRisk estimated Monad’s total value locked at about $359.5 million, while noting that liquidity remained concentrated in already established protocols.

LlamaRisk backed the Aave deployment with conservative initial parameters, explicitly citing Monad’s short operating history at the time of evaluation. The practical takeaway for investors and traders is that incentive-backed liquidity often looks strong early, but the sustainability of borrow/supply activity will be tested as rewards decline and market participants decide whether to stay without continued subsidization.

Why tokenized assets could make lending more important

The Aave-on-Monad rollout lands as tokenized real-world assets (RWAs) increasingly intersect with DeFi lending strategies. Earlier coverage noted that institutions are looking at ways to bring tokenized assets into DeFi lending markets, and Standard Chartered previously said that tokenized assets entering DeFi could drive deposits into Aave. According to that same earlier reporting, Aave’s deposit base reached roughly $75 billion at its October 2025 peak.

Meanwhile, Centrifuge has discussed bringing tokenized Treasurys, private credit, and AAA-rated collateralized loan obligations to Monad for use across lending, collateral, and secondary-market activity. While the input does not indicate that Centrifuge assets have been integrated into Aave yet, the logic for Monad users is straightforward: if tokenized asset issuers expand into Monad, having an established lending venue such as Aave V3 can lower the barrier for turning those assets into productive borrowing and collateral workflows.

What to watch after the launch

Aave’s deployment gives Monad an immediate, Ethereum-compatible lending destination with a defined set of markets and liquidation value-sharing mechanics. The next signal that will matter most is whether borrowing demand and supply growth persist after early incentives—particularly given LlamaRisk’s observation that activity compressed after Monad’s initial strong start and that liquidity was concentrated in established venues. Readers should watch for changes in utilization across the new Aave markets and for any confirmed integration of tokenized asset products into Aave on Monad as the ecosystem develops.

Decentralized finance (DeFi) platform Aave has deployed its V3 lending protocol on Monad, expanding the layer-1 blockchain’s lending ecosystem with support for 12 assets at launch. 

On Thursday, Aave announced that the initial market supports USDT0, USDC, Aave’s GHO stablecoin, USDe, mUSD, AUSD, WETH, cbBTC, wstETH, weETH, syrupUSDC and sUSDe. It is also Aave’s first deployment with Chainlink Smart Value Recapture enabled from day one, allowing part of the value generated from liquidations to be redirected back to the protocol.

The deployment expands Aave’s multichain lending network while giving Monad users and developers access to an established borrowing market, Aave’s GHO stablecoin and liquidity incentives intended to support early adoption. 

Monad is compatible with Ethereum’s application environment, allowing existing Solidity contracts and Ethereum tooling to be used with minimal changes, according to Aave’s governance proposal.

Monad’s total value locked as of Thursday. Source: DefiLlama

Aave deployment tests Monad’s liquidity ambitions 

Aave’s governance documents show that the Monad Foundation committed $15 million in incentives during the first 12 months after activation. The foundation also agreed to acquire and retain 10 million GHO for over six months, while Aave DAO committed another 500,000 GHO in incentives to support adoption on Monad.

These incentives could help establish initial liquidity. However, user activity will need to persist after incentives decline. According to a risk assessment by LlamaRisk, Monad’s mainnet launched on Nov. 24, 2025, and had about $359.5 million in total value locked as of June 8. It said early network usage had compressed after a strong start and that liquidity remained concentrated in established protocols.

LlamaRisk supported the deployment with conservative initial parameters, citing Monad’s short operating history.

Related: DeFi TVL drops 39% in 2026 amid market downturn and record hack activity

The launch also comes as institutions increasingly explore bringing tokenized assets into DeFi lending markets. In June, Standard Chartered said that tokenized assets entering DeFi could drive deposits into Aave, whose deposit base reached about $75 billion at its October 2025 peak. 

In April, Centrifuge revealed plans to bring tokenized Treasurys, private credit and AAA-rated collateralized loan obligations to Monad for use in lending, collateral and secondary-market activity. 

Although Centrifuge has not announced that its assets will be integrated into Aave, the deployment gives Monad an established lending venue that could support tokenized assets as its ecosystem develops.

Magazine: China’s 107 Bitcoin memory thief, Bithumb CEO booked: Asia Express

At the start of May, oil markets were still pricing in elevated geopolitical risk and expectations of sustained supply disruption.

But easing tensions between Washington and Tehran, along with improving supply expectations, have rapidly shifted sentiment back toward fundamentals.

📉 Brent crude has fallen back to around $71–74 per barrel
📊 Prices are now close to pre-conflict levels after a drop of more than 35% since early May
⚖️ The market is reassessing whether the geopolitical risk premium has been fully removed

The debate is now split between two clear narratives.

📉 Bearish case: supply is recovering and demand remains uneven
📈 Bullish case: geopolitical risks in the Strait of Hormuz are still not fully priced in

The key question for markets is whether oil has already priced in good news — or whether volatility is simply paused, not gone.

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“Today’s milestone shows we can tokenize securities in ways that meet both market and regulatory requirements, for U.S. and global investors and provides a strong foundation for our expanding access to onchain investments for more U.S. investors,” he added.

Tokenization, or the process of representing traditional assets as blockchain-based tokens, has emerged as one of the fastest-growing areas blurring digital assets and traditional finance. Supporters say it can modernize capital markets through faster settlement, around-the-clock trading and easier movement of assets across financial platforms. A report by Citi projected that tokenized securities could reach $5.5 trillion market size by 2030.

Debate around tokenization models

The launch follows the SEC’s January staff statement on tokenized securities, which outlined how a third-party custodial model could comply with existing securities laws. SEC staff statements don’t have the full weight of formal guidance approved by the agency’s commissioners, but do indicate how the regulator is thinking about issues like tokenization.

Under that approach, a regulated intermediary holds conventional shares in custody and issues blockchain-based tokens representing a holder’s entitlement to those assets. That’s an alternative approach to the issuer-sponsored tokenization, where the issuer of the underlying security is involved in the process.

The agency’s guidance coincided with a growing debate over whether tokenized stocks issued without issuer involvement confer the same rights as traditional shares. The topic drew broader attention when OpenAI said last year it did not authorize Robinhood’s tokenized offering tied to its shares and warned the tokens did not represent equity in the company.