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On-Chain Commodity Trading Takes Root, Liquidity Remains a Hurdle

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Crypto Breaking News

Onchain commodity trading is attracting sustained attention as a viable channel for macro risk exposure, yet the market still wrestles with liquidity gaps that keep it from fully rivaling traditional venues. A new milestone for Hyperliquid’s HIP-3 market shows the trend toward broader onchain adoption, while observers flag key bottlenecks that could determine whether this momentum endures.

Key takeaways

  • HIP-3 posted an all-time volume high on March 23, with about $5.4 billion in perpetual futures across commodities and macro assets, according to Artemis Analytics. Silver led the pack with roughly $1.3 billion in activity, followed by WTI crude ($1.2B), Brent ($940 million) and gold ($558 million).
  • Traders are increasingly seeking macro-style exposure onchain. The shift isn’t limited to crypto-native participants; traditional finance actors are entering via personal accounts, expanding weekend and off-hours participation.
  • Price discovery onchain is gaining traction during weekend and after-hours periods, but liquidity depth and price reliability on onchain venues remain weaker than centralized traditional exchanges.
  • Liquidity depth, tighter spreads and clearer regulatory frameworks remain the main hurdles for broader institutional participation, according to market observers.
  • The onchain macro narrative is expanding beyond commodities, with market participants anticipating broader asset classes to follow the same weekend-discovery dynamic as volatility shifts.

Onchain activity hits new highs as macro exposure gains traction

Data from Artemis Analytics shows a clear spike in onchain macro trading, centered on Hyperliquid’s HIP-3 market. On March 23, HIP-3 recorded a fresh all-time high, tallying roughly $5.4 billion in perpetual futures volume that spanned commodities and macro assets. The standout drivers were silver, oil and gold, with silver accounting for about $1.3 billion, West Texas Intermediate (WTI) crude around $1.2 billion, Brent crude at $940 million, and gold near $558 million. Equity indices, including the Nasdaq and S&P 500, also reflected notable flow on the platform.

Industry participants describe the surge as a signal not merely of higher trading activity, but of shifting intent: more market participants are seeking real-time, onchain access to macro trends. “Previously, onchain commodity futures were mostly a venue for crypto-native investors; that is no longer the whole story,” said Iggy Ioppe, chief investment officer at Theo. “The real tell isn’t just the volume; it’s who is trading and when they show up.”

“The real tell is not just the volume, it’s when the volume shows up and who is showing up to trade.”

— Iggy Ioppe, chief investment officer at Theo

Ioppe emphasized that onchain oil futures markets are now processing more than $1 billion in daily volume over weekends, a period when traditional exchanges are closed. He attributed part of the shift to individual traders from traditional finance who are accessing these markets via personal accounts. “Geopolitics does not stop on Friday afternoon, and markets are starting to adapt to that fact,” he observed.

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In a broader sense, the data underscore a larger trend: traders are becoming more comfortable accessing macro-style exposure onchain, with gold and oil leading the development. While the current wave is anchored by commodities, observers anticipate similar patterns proliferating into other asset classes as volatility evolves.

Weekend price discovery creates a notable edge for onchain venues

A defining characteristic of onchain trading, according to industry voices, is the ability to operate around the clock. With an approximately 49-hour gap between the close of traditional markets on Friday and their Sunday reopening, decentralized platforms have become among the few places where traders can respond to macro developments in real time. This dynamic is already influencing how prices are formed beyond regular trading hours, even though traditional venues still provide the lion’s share of liquidity.

“Onchain is the price discovery layer when the rest of the market is asleep. TradFi remains the depth layer when size matters most,” said Sergej Kunz, co-founder of 1inch. The contrast highlights a structural gap: while onchain venues can react instantly to headlines, the ability to execute large trades without slippage still hinges on deeper liquidity and tighter spreads available in traditional venues.

Comparisons to established markets illustrate the scale difference. On the CME, crude oil futures regularly trade between 1 million and 4.5 million contracts daily, translating to roughly $100 billion to $300 billion in notional volume. These figures reflect the vast depth and execution quality that onchain platforms have yet to match on a practical, institutional scale.

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Liquidity depth and market structure: the remaining hurdles

Even as weekend and off-hours activity gains traction, liquidity depth remains a central constraint for broader adoption. Experts point to two intertwined challenges: pricing reliability and market structure maturity. “Traditional venues still dominate when it comes to liquidity, execution quality, and institutional-scale pricing depth,” noted Sergej Kunz. He argued that unless onchain venues offer materially deeper liquidity and tighter spreads, sizable trades risk moving prices unfavorably and deterring large players.

Shawn Young, chief analyst at MEXC Research, added that while there are signs of behavioral shifts—more traders seeking macro exposure onchain—gaps in liquidity and price aggregation persist. He cautioned that commodity tokenization represents a real, but early-stage, development that will require maturation in pricing, data quality and regulatory clarity before it becomes a steady alternative to legacy markets.

Beyond commodities: a broader onchain macro narrative

Despite early-stage constraints, the trajectory appears to point toward broader macro participation onchain. Kunz framed it as a larger trend: “The broader direction is clear: traders are becoming more comfortable accessing macro-style exposure onchain.” While gold and oil currently dominate the flow, industry observers expect analogous patterns to emerge across other asset classes as market volatility continues to evolve.

As weekend pricing gains legitimacy and trust in onchain price formation grows, more market participants—especially those who already trade in traditional markets—may begin to rely on onchain venues for off-hours exposure. This could gradually contribute to higher open interest and more robust price discovery over time, reinforcing a feedback loop that strengthens the credibility of onchain valuations.

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For now, the line between onchain and traditional markets remains clearly drawn: the former offers around-the-clock access and rapid reaction to macro events, while the latter provides depth, reliable execution, and institutional pricing power. Observers say continued progress will depend on improving liquidity, refining price aggregation, and navigating evolving regulatory expectations.

Related coverage from industry reporting highlights emerging milestones like S&P Dow Jones’ licensing of S&P 500 perpetuals for Hyperliquid, signaling growing mainstream engagement with onchain derivatives. As the landscape evolves, market participants will be watching whether expanded weekend activity and broader macro exposure onchain translate into lasting open interest gains and deeper liquidity across asset classes.

For readers tracking the trajectory of onchain futures, Artemis Analytics remains a key data touchstone for measuring volume and asset mix. The latest data point—an all-time HIP-3 high—suggests growing demand for onchain macro exposure even as questions about liquidity depth, price reliability and regulatory clarity continue to shape the conversation about how soon onchain venues can mature into viable, full-scale competitors to traditional exchanges.

What comes next will hinge on whether onchain platforms can translate weekend and after-hours momentum into sustained liquidity and tighter pricing, and whether institutional participants increasingly trust onchain pricing during times when TradFi is open and active. In the near term, observers will closely watch how other asset classes respond to the ongoing push for macro exposure onchain and whether the weekend price formation dynamic broadens beyond metals and energy.

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Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Analyst Says Bitcoin Just Hit the Phase That Tripled Facebook’s User Base

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Bloomberg ETF analyst Eric Balchunas argues that Bitcoin (BTC) has entered the same adoption phase that took Facebook from 1 billion to 3 billion users.

The comparison frames BTC’s loss of countercultural appeal as a sign of maturation, not decline, with spot Exchange-Traded Funds (ETFs) acting as the catalyst for mainstream entry.

ETF Expert Likens Bitcoin to Facebook’s “Uncool” Phase, Bullish?

Balchunas, Bloomberg Intelligence’s senior ETF analyst and co-host of the Trillions podcast, compares Bitcoin’s current moment to when older generations flooded Facebook.

“Bitcoin rn feels like when your parents joined Facebook. On one hand, it’s not as ‘cool’ anymore because of the Boomers, but on the other hand, Facebook’s user base grew from like 1 billion to 3 billion people since the coolness factor went away, so..,” wrote Balchunas.

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Facebook hit 1 billion monthly active users in 2012, according to Meta data. By the end of 2023, that figure reached 3.07 billion.

Year-over-year growth rates collapsed below 10% after 2013, yet the absolute user base nearly tripled during that “boring” stretch.

Statista chart showing Facebook MAU growth from 2011 to 2023 alongside declining YoY growth rates
Statista chart showing Facebook MAU growth from 2011 to 2023 alongside declining YoY growth rates, Source: Statista

The Numbers Behind the Analogy

Balchunas also asked for hard data on Bitcoin holder growth over 3, 5, and 10 years. He noted that BlackRock reported roughly 1 million people bought its iShares Bitcoin Trust (IBIT) in the fund’s first year alone.

Current estimates place the number of global Bitcoin holders at approximately 106 million, up from a range of 30 to 50 million in 2021.

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IBIT now holds 782,180 BTC, representing about 3.9% of the total supply.

BlackRock IBIT BTC Holdings
BlackRock IBIT BTC Holdings. Source: BlackRock

Meanwhile, some macro analysts note that no-coiners keep declaring Bitcoin dead, yet really, it’s just getting started.

When an asset loses its identity-driven appeal and attracts broad, passive capital, that transition often marks the start of its largest growth phase, not the end.

Can Bitcoin’s holder base follow Facebook’s trajectory from 1 billion toward 3 billion? The directional trend since ETF approval points in that direction.

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The post Analyst Says Bitcoin Just Hit the Phase That Tripled Facebook’s User Base appeared first on BeInCrypto.

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MSTR may have paused it’s BTC accumulation last week

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MSTR may have paused it's BTC accumulation last week

Strategy (MSTR), the largest publicly traded holder of bitcoin, did not seem to have increased its BTC position last week.

Executive Chairman Michael Saylor usually signals upcoming purchases on X each Sunday, followed by a detailed update around 8 a.m. ET on Monday. There was no customary Sunday “Orange Dot” post to signal a purchase. Instead, Michael Saylor posted about the company’s perpetual preferred equity offering, Stretch (STRC) instead.

The apparent pause snaps a streak of roughly thirteen consecutive weekly purchases that began in late December, acquiring 90,831 BTC in the process.

According to the company’s dashboard, the Tysons Corner, Virginia-based firm currently holds 762,099 bitcoin at an average acquisition price of $75,694 per token.

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The break in buying activity comes with MSTR still trading about 76% below its all-time high and bitcoin below $67,000.

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Bitcoin Slides to $66K as XRP, Ethereum, and Solana Crash: Here Is What Triggered the Drop

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Bitcoin, XRP, Ethereum, and Solana each fell 6–8% this week, wiping over $80 billion from the crypto market.
  • A $14.16B Bitcoin options expiry on March 27 liquidated 122,000 traders and triggered $451M in total losses.
  • Iran’s threat to block a second oil chokepoint pushed crude above $103, accelerating the crypto selloff sharply.
  • Stablecoin supply near a record $316B signals parked capital ready to return once market conditions stabilize.

Crypto markets are facing one of their roughest stretches of 2026. Bitcoin, XRP, Ethereum, and Solana have each dropped between 6% and 8% over the past seven days.

The selloff has erased more than $80 billion in total market value since March 24. A record-breaking options expiry, rising geopolitical tension, and heavy ETF outflows all hit at once. The Fear & Greed Index now sits at 23, deep in extreme fear territory.

Three Reasons Crypto Is Crashing This Week

The single biggest catalyst was the March 27 Bitcoin options expiry on Deribit. It was the largest quarterly expiry of 2026, settling $14.16 billion in contracts.

The max pain level sat at $75,000, far above where Bitcoin was actually trading. That gap triggered forced selling across the board, liquidating over 122,000 traders. Total liquidation losses reached $451 million within 24 hours.

Iran’s threat to block the Bab el-Mandeb Strait made things significantly worse. That strait carries 12% of global seaborne oil and sits alongside the already-closed Strait of Hormuz.

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Oil crossed $103 per barrel on the news, pushing investors away from risk assets. The gold-to-crypto rotation that had helped Bitcoin recover in early March reversed sharply. Crypto sold off alongside equities as fear spread through financial markets.

ETF outflows added further weight to an already struggling market. Bitcoin ETFs bled $171 million on March 26, while Ethereum ETFs shed $92.5 million the same day.

That marked Ethereum’s seventh consecutive session of net outflows. It was also the first time in 2026 that Bitcoin, Ethereum, and Solana spot ETFs all posted outflows on the same day. Institutional selling pressure is now visible across all three major ETF categories.

The macro environment was already working against crypto before this week. The Federal Reserve revised its 2026 PCE inflation forecast upward from 2.4% to 2.7% at its March 18 meeting.

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That pushed rate cut expectations further out into the year. The 10-year Treasury yield climbed near 4.5%, and the dollar index gained 0.57% in seven days. When yields rise and the dollar strengthens, capital tends to rotate out of crypto and into bonds.

A 15% global tariff overhang has been adding pressure to risk assets since early 2026. That backdrop gave investors little reason to buy the dip when options mechanics and geopolitical risk hit simultaneously.

There was no cushion underneath the market when the selling accelerated. Each external factor compounded the next, making the crash broader and faster than it might have been otherwise.

Where Prices Stand and What a Recovery Requires

Bitcoin dropped from $71,000 at the start of the week to $66,457 as of March 28. That puts it 47% below its October 2025 all-time high of $126,080.

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The $66,000 level is now the key support to watch. A daily close below it would be the first time Bitcoin has lost that floor since February’s crash. If that happens, analysts warn a move toward $50,000 could follow.

Ethereum broke below $2,000 for the first time since mid-2024, falling 7.24% on the week. It is now 60% below its August 2025 peak of $4,953. XRP dropped to $1.33, down 7.03%, despite the SEC recently classifying it as a digital commodity.

Solana fell the hardest of the four, losing 7.62% to trade at $83.10. SOL is now 72% below its cycle high, with on-chain activity also declining alongside price.

A ceasefire or de-escalation in the Iran-Israel conflict remains the fastest path to a recovery. When ceasefire reports emerged in early March, Bitcoin gained 16% in just five days.

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Oil falling back below $90 would ease inflation pressure and bring risk appetite back to markets. The CLARITY Act is also moving toward a Senate Banking Committee markup in late April. If passed, it would give institutions the legal framework they need to increase crypto exposure.

Stablecoin supply is sitting near a record $316 billion, showing that capital has not fully left the crypto ecosystem. That liquidity could flow back into Bitcoin, Ethereum, XRP, and Solana once conditions improve.

Consecutive days of positive ETF inflows across multiple assets would signal that a recovery is beginning. Until then, the $66,000 Bitcoin level remains the market’s clearest indicator of what comes next.

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Bitcoin Longs Hit Multi-Year High on Bitfinex, Raising Downside Risk

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Bitcoin long positions on Bitfinex have surged to roughly 79,343 BTC, the highest level since November 2023. Analysts view this spike as a warning signal. 

Historically, similar buildups in leveraged longs have coincided with local price tops or sharp declines.

Bitcoin Long Positions on Bitfinex Against Price Chart. Source: X/Wu Blockchain

This metric reflects margin traders betting on higher prices. However, when positioning becomes crowded, the market often turns fragile. 

Is Bitcoin Price About to Crash Hard?

With many traders already long, fewer buyers remain to sustain upward momentum. As a result, price rallies tend to stall.

Moreover, these positions are typically leveraged. If Bitcoin drops even slightly, forced liquidations can trigger rapid selling. This creates a cascade effect, where falling prices lead to more liquidations and deeper declines. 

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Past cycles have shown this pattern repeatedly during periods of excessive long exposure.

At the same time, broader macro conditions remain uncertain. Equity markets have weakened, and geopolitical tensions continue to weigh on risk assets. 

Bitcoin has recently traded in a tight range, struggling to break resistance. In such an environment, crowded long positioning increases vulnerability to downside moves.

Large market participants also monitor these imbalances. When positioning becomes one-sided, they may push prices lower to trigger liquidations and accumulate at cheaper levels. 

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This dynamic is common in derivatives-driven markets.

Bitcoin’s current structure remains range-bound. However, the surge in Bitfinex longs suggests the market is overextended on the bullish side. 

Unless strong spot demand emerges, the risk of a sharp correction remains elevated.

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The post Bitcoin Longs Hit Multi-Year High on Bitfinex, Raising Downside Risk appeared first on BeInCrypto.

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No one is 100% happy with the stablecoin yield agreement: State of Crypto

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No one is 100% happy with the stablecoin yield agreement: State of Crypto

Industry representatives saw the crypto market structure bill’s proposed yield language on March 23 and 24. The internet — at least X (formerly Twitter) — was unhappy, but it may not matter much.

You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions.

The narrative

We* have new language outlining how the crypto market structure bill could address stablecoin yield.

*Only some people have seen the language, though it should be released for public consumption and review next.

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Why it matters

Senator Cynthia Lummis (R-Wyo.) said earlier this month that she expected a market structure bill markup — the hearing where lawmakers debate amendments and language before voting on a bill — in the second half of April. Lawmakers have taken the first step toward that markup with an agreement on crypto market structure legislation.

Breaking it down

Crypto and banking industry representatives saw the proposed “agreement-in-principle” announced last week by Senators Angela Alsobrooks (D-Md.) and Thom Tillis (R-N.C.) at the start of this past week, with crypto representatives meeting with legislative staffers on Monday and banking representatives meeting with staffers on Tuesday.

No one appears to be particularly happy with the agreement. The language has not yet been released publicly, though it should come out this upcoming week. Concerns range from the possibility that the proposed language will call for regulators to draft new rules around permissible activity to how it might restrict stablecoin yield balances.

It’s unlikely that the language will see major revisions, though one person familiar said they expected there could be some minor changes. Many of the necessary changes are just technical tweaks, they said.

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Still, industry interests appear headed toward presenting some sort of counterproposal on the language. It remains to be seen how far that goes.

This week

  • Congress is expected to be on its two-week Easter recess, though the ongoing fight over funding the Department of Homeland Security might change things.

If you’ve got thoughts or questions on what I should discuss next week or any other feedback you’d like to share, feel free to email me at [email protected] or find me on Bluesky @nikhileshde.bsky.social.

You can also join the group conversation on Telegram.

See ya’ll next week!

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Can Retail Finally Get the Edge Before March 31st?

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Can Retail Finally Get the Edge Before March 31st?

A crypto team recently apologized for betting on their own fundraiser, a reminder that insider information moves first while retail traders find out last. This isn’t a theory; it’s the market’s default state.

DeepSnitch AI (DSNT) was built to flip this script. While teams front-run their own raises, DSNT’s five AI agents intercept malicious contracts and flag honeypots in real-time, protecting your wallet before it takes a hit.

With over $2.6 million raised and a confirmed March 31st Uniswap listing, the $0.04669 entry price is nearly history. Secure the tools to beat the insiders before the crowd arrives, and the DeepSnitch AI price prediction will take care of the rest.

P2P.me’s prediction market scandal highlights crypto’s insider trading problem

The P2P.me team recently apologized for betting on its own $6 million fundraiser on Polymarket ten days before launch. Despite only having a verbal commitment from Multicoin Capital, they wagered on their own success. The raise ultimately fell short at $5.2 million, with “insider” profits now being redirected to the DAO treasury.

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This lapse coincides with a major U.S. regulatory crackdown. This week, lawmakers introduced the PREDICT Act and the Public Integrity in Financial Prediction Markets Act, targeting insider trading by government officials.

While teams and institutions exploit information gaps, DeepSnitch AI (DSNT) levels the playing field. Its five live AI agents identify malicious contracts and honeypots in real-time. Secure your $0.04669 entry before the March 31st Uniswap listing permanently closes the door on this advantage.

Top 3 cryptos to own this year

DeepSnitch AI

The P2P.me scandal is a reminder of how crypto’s information game works. Insiders and institutions move first, leaving retail to absorb the consequences. Whether it’s coordinated ETF exits or teams front-running their own raises, retail traders are consistently the last to know and the first to get hurt.

DeepSnitch AI (DSNT) exists to close this asymmetry. Its five live AI agents intercept malicious contracts, flag honeypots, and audit risks in real-time.

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This utility is exactly why DSNT raised over $2.6 million during a hostile market. At $0.04669, the project is backed by a functional product that traders are already using to protect their capital, which in turn pushed the DeepSnitch AI price prediction into the sky.

Compare this to “wait-and-see” setups: Bitcoin Cash (BCH) needs a $500 breakout to confirm, and Solana (SOL),  despite owning 98% of on-chain equity volume, is still waiting for a monthly bullish confirmation.

DSNT doesn’t ask you to wait. The March 31st Uniswap listing is the hard deadline. This is your final opportunity to secure presale bonuses and ground-floor pricing before open-market discovery takes over. Insiders have always had the edge; now, you have the counter, and that’s why the DeepSnitch AI price prediction looks at 200x returns from now.

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Bitcoin Cash

BCH started coiling at $476 on March 27, building massive pressure beneath the $500 resistance level. This zone holds the market’s heaviest short liquidation cluster; a breach here would ignite a violent squeeze toward $560+.

While BCH builds this powerful technical floor, DeepSnitch AI (DSNT) is already in full motion. Raising $2.6 million through extreme market fear, DSNT is heading straight for its March 31st Uniswap listing.

While other assets wait for macro confirmation, DSNT delivers immediate price discovery. Secure your $0.04669 entry before the window shuts in two days;  the edge belongs to those who move now.

Solana

Solana is flashing a 4-hour TD Sequential buy signal, indicating potential exhaustion of its recent downtrend. Dominating 98% of tokenized spot equity volume and processing 826 million weekly transactions, SOL’s infrastructure lead is undeniable.

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A monthly bullish engulfing candle is currently developing, historically the precursor to every major Solana rally. While SOL awaits monthly confirmation to target $120, DeepSnitch AI (DSNT) is moving now.

With its March 31st Uniswap listing only two days away, DSNT offers immediate price discovery. Secure your $0.04669 entry before the window shuts and the open market reprices this utility permanently.

The bottom line

P2P.me’s team betting on their own fundraising confirms that information asymmetry is the real game.

Most retail traders play blind against insiders who move weeks earlier. While BCH shows textbook compression and SOL commands 98% of on-chain equity volume, both require waiting for confirmation. They don’t bridge the information gap that insiders exploit.

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DeepSnitch AI (DSNT) does. Its five live AI agents flag malicious contracts and honeypots in real-time – no institutional connections required. Having raised $2.6 million during a hostile market, DSNT proves its utility is essential.

The March 31st Uniswap listing is the definitive cutoff. This is your final opportunity to secure the $0.04669 entry before the 200x DeepSnitch AI price prediction comes true.

Visit the official website for more information, and join X and Telegram for community updates.

FAQs

What is the DeepSnitch AI price forecast heading into its Uniswap listing?

The DeepSnitch AI price prediction looks promising, with the token still at $0.04669, over $2.6M raised, and bonuses disappearing at listing as the March 31st presale close approaches.

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What is the DeepSnitch AI price target for investors buying during the presale?

The DeepSnitch AI price prediction points to significant multiples, with utility-driven adoption rather than market sentiment powering its value through real-time contract auditing and threat detection that functions regardless of market direction.

What is the DeepSnitch AI prediction for 2026 based on its fundamentals?

The DeepSnitch AI prediction for 2026 is strongly bullish, with institutional-grade tools now accessible to retail traders, honeypot detection, and contract scanning creating sustained demand that extends well beyond the initial listing day.


Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

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Sergey Nazarov Details How Chainlink Economics 2.0 Builds a Virtuous Cycle of Security and Fees

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Brian Armstrong's Bold Prediction: AI Agents Will Soon Dominate Global Financial

TLDR:

  • Chainlink Economics 2.0 is built to support mass adoption from banks, asset managers, and millions of developers.
  • Nazarov’s universal payment model lets developers pay in any token, which then converts into LINK for security.
  • Lower payment friction means more fees flow into Chainlink, directly strengthening the network’s overall security layer.
  • Chainlink’s universal billing system may become a standalone product, reducing payment friction across other blockchain protocols.

Chainlink economics is undergoing a structural shift as the protocol prepares for mass institutional and developer adoption.

Sergey Nazarov, Chainlink’s co-founder, recently outlined how the network’s next economic phase is being designed.

The model centers on creating a self-reinforcing loop. More security drives adoption, adoption generates fees, and fees fund greater security. This cycle forms the foundation of what Nazarov calls Economics 2.0.

A Universal Payment System to Reduce Developer Friction

The core of Economics 2.0 is a flexible, universal billing infrastructure. Nazarov explained that developers should be able to pay into the system however they prefer. That includes native tokens, their own project tokens, or even cash payments.

Once received, those payments get converted into Chainlink’s native token. This conversion ensures the system maintains consistent security funding regardless of how fees arrive. The process removes unnecessary barriers for developers integrating Chainlink services.

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Nazarov described the payment model directly, stating that the goal is to have “an efficient payment system that allows users, developers of the protocol to pay into the system however they like, in whatever form they like, their own token, native tokens, some other form of payment, cash payments, whatever payments.” He added that this would then be “converted into the token of the system to create the necessary security.”

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Reducing payment friction matters because lower friction means higher participation. When developers pay more easily, more fees flow into the network. Those fees then strengthen the system’s overall security layer.

Targeting a Market That Does Not Yet Fully Exist

Chainlink’s current market is not yet operating at the scale Economics 2.0 is designed for. Nazarov noted that millions of developers, global banks, and asset managers are not yet fully on-chain. That transition remains ahead.

Economics 2.0 is being built in anticipation of that larger market. The protocol is preparing its infrastructure now so it can handle that volume when it arrives.

Nazarov was direct about the current state, saying the market adoption “is not in the millions of developers” and “not in the world of all the banks, and all the asset managers.” That is precisely the world Economics 2.0 is being built for.

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As the market grows, the value placed on security is expected to grow with it. Greater security should then attract more adoption across institutional and Web2 participants.

Nazarov summarized the broader ambition by stating, “the goal is to get as many fees into the system as possible so those fees feed back into the security of the system.”

Chainlink’s ability to provide reliable price data positions it uniquely for this role. Nazarov suggested the universal billing system could eventually become a standalone product for other protocols.

He noted that “a universal billing system, payment system will even become a product of a kind for other protocols because you do want to lower the friction that people have to go through to pay for anything.” The model is designed to scale alongside the market it serves.

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Walmart’s OnePay Adds a Dozen New Cryptos to Nascent Superapp Offering

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Walmart's OnePay Adds a Dozen New Cryptos to Nascent Superapp Offering

OnePay, which is majority-owned by Walmart, has added more than a dozen crypto tokens to its offerings that the executive responsible for digital assets said “meet a high bar” that’s been set by the banking app’s customers.

Since launching in January, offering Bitcoin (BTC) and Ethereum (ETH) on its its nascent crypto platform, OnePay on Thursday added SUI (SUI), Polygon (POL) and Arbitrum (ARB) just days after listing another 10 tokens, including Solana (SOL), , Cardano (ADA), Bitcoin Cash (BCH) and PAX Gold (PAXG).

“We plan on continuing to expand thoughtfully, prioritizing assets that meet a high bar: demand, liquidity, regulatory clarity and long-term utility,” Ron Rojany, OnePay’s general manager, Core App & Crypto, told Cointelegraph in an email.

“We’re less focused on chasing the latest asset and more focused on offering a curated set of assets that align with how our customers actually use and think about their money,” he said.

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Rojany would not disclose any figures on crypto adoption among OnePay’s account holders, saying only that the fintech is seeing “strong engagement, particularly among customers who are newer to crypto and are looking for an easy and integrated way to get started.”

OnePay has positioned itself as a US version of a “superapp,” modeled after China’s WeChat. The platform already offers banking services including high-yield savings accounts, credit and debit cards, loans and wireless plans.

The company also offers a digital wallet that customers can use at checkout in Walmart stores and on the retailing giant’s website. The retailing giant’s US operations had net sales of $462.4 billion in fiscal 2025, according to the company’s latest annual report.

“We’re still early and our focus is on building our crypto platform the right way: creating a trusted, safe and intuitive experience for everyday customers,” Rojany said.

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Related: BNP Paribas adds six Bitcoin, Ether ETNs for retail clients in France

Fintech pursuit of superapp gets boost from SEC chair

OnePay is not the only company  pursuing a financial services superapp. In late September, Coinbase CEO Brian Armstrong outlined plans to build a crypto superapp, offering credit cards, payments and Bitcoin rewards to rival traditional banks.

Earlier this month, Japan’s Startale Group said it would use funding from a recently completed $50 million Series A investment round to develop its superapp to integrate payments, asset management and onchain services into a single platform.

US Securities and Exchange Commission Chairman Paul Atkins in September expressed support for platforms offering multiple financial services under one regulatory framework.

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The regulator’s updated strategy includes allowing platforms to operate as “super-apps” that can facilitate trading, lending and staking of digital assets under one regulatory umbrella.

“I have directed the Commission staff to develop further guidance and proposals ultimately to make this ‘super-app’ vision a reality,” Atkins said in July.

Magazine: Bitcoin may take 7 years to upgrade to post-quantum — BIP-360 co-author