Every Crypto Narrative Bled in Q2 — L2 and DePIN Lead Losses
Twelve weeks of selling left no place to hide, with L2 down nearly 25%, DePIN close behind, and even defensible Layer 1s erasing a quarter of value.
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Twelve weeks of selling left no place to hide, with L2 down nearly 25%, DePIN close behind, and even defensible Layer 1s erasing a quarter of value.
The market-cap gap is still ~38x in Solana's favor, but HYPE's perps volume and fee capture have structurally outgrown what a pure L1 should be earning on-chain.
A 512x jump from September's record is still 241 bits short of touching bitcoin — but a Google paper now pegs the full break below 500,000 physical qubits, and 6.9M BTC sit in exposed-key wallets.
Choosing a multisig quorum is a probability problem, not a vibes decision. Here is how 2-of-3, 3-of-5, and 4-of-7 actually behave when signers vanish, lose keys, or go silent.
HYPE's 72.6% surge does the heavy lifting; TRX adds a thin 4.1%, and every other large-cap name is underwater for the quarter.
VIRTUAL is one of the few AI agent tokens with a buyback funded by real revenue. Here is the honest math on whether that revenue actually reaches holders.
Three tokens share the 'decentralized AI' label but solve different problems. Here's what real revenue, user counts, and token unlocks reveal about each.
InfoFi turns online attention into AI-scored tokens and leaderboards. KAITO, Cookie.fun, and Snaps show how the category works and where the hype hides.
KAITO is the InfoFi token behind Kaito AI, with 1 billion supply and roughly 20% circulating at launch. Here is how attention, Yap leaderboards, and unlocks actually work.