on-chain

According to on-chain analyst Yu Jin's monitoring, a certain whale transferred 15 million USDC to Hyperliquid in the past 2 hours, purchasing 197.35 BTC at a price of 76,007 dollars, and then moved the BTC to the Bitcoin blockchain.

According to CoinDesk, the on-chain financial platform Theo announced the launch of a yield-bearing tokenized silver product thSLVR, supported by over $40 million in active leases, expanding its commodity financing business from gold to silver. This token allows holders to maintain exposure to silver prices while passing on the lease income paid by institutional borrowers to the holders.Theo stated that the silver supporting thSLVR will be leased to mature institutional counterparties under standard market terms, with credit exposure guaranteed by the parent company. The product is launched in a beta version, initially targeting institutions and whitelist investors, with plans to expand access later. Silver has experienced significant volatility this year, reaching a historical high of $121.79 per ounce in January, followed by a 41% drop over three days, and falling to a low of $54.74 in July, recently hovering around the mid-$60 range.Theo was founded by former traders from Optiver and IMC and has previously offered yield-bearing tokenized gold and U.S. Treasury products. The silver leasing will also expand the underlying assets of its yield-bearing stablecoin thUSD. According to RWA.xyz data, the market size for tokenized commodities is approximately $4.9 billion, covering 130 products. The London 1-month silver lease rate briefly rose to about 39% in October 2025, while the historical norm is below 1%; the market expects a supply gap in silver for the sixth consecutive year in 2026, with a gap of approximately 46.3 million ounces.

Kraken's parent company Payward plans to offer on-chain perpetual futures to U.S. customers through the decentralized perpetual contract platform Hyperliquid. Bitnomial will deploy and clear the HIP-3 market, while NinjaTrader Clearing will host customer accounts.Payward stated that this will be the first registered U.S. exchange and clearinghouse to deploy a market on Hyperliquid.

Polymarket Vice President of Engineering Josh Stevens tweeted that the team has built an indexing system using the open-source Rust tool rindexer, allowing on-chain events to be visible up to approximately 14 blocks (about 28 seconds) in advance, and completing indexing within 0-10 milliseconds after block broadcasting, approaching real-time.He stated that transaction, position, and balance refreshes will be faster. Goldsky continues to serve as data backup, and the main path has switched to self-built infrastructure.

According to GMGN data, the on-chain token ARGUS of the Arc network has a market value exceeding 25 million USD, currently reported at 25.14 million USD, with a 24-hour increase of 688%.

The Financial Services Agency of Japan announced the "2026 Fiscal Year Financial Administrative Guidelines," proposing to clarify the issues of on-chain finance in terms of technology, systems, and regulation through verification and dialogue between the public and private sectors, while ensuring user protection and the stability of the financial system, and to build a financial infrastructure that is both convenient and competitive.The Financial Services Agency of Japan will also promote the shortening and upgrading of securities settlement processes in conjunction with the development of asset tokenization, and plans to establish an on-chain financial forum aimed at the AI era to discuss the applications of digital finance, decentralized finance, and AI technology in the financial sector.

According to GMGN data, the market capitalization of the Meme coin TOLLY on the Arc chain has surpassed 20 million USD, reaching a new high of 20.11 million USD, with a daily increase of 2,515%.Market news reminds users that the prices of Meme coins are highly volatile, and investors should participate with caution.

According to GMGN data, the market capitalization of the Meme coin LONG on the Arc blockchain has surpassed 10 million dollars, reaching a new high, currently reported at 9.97 million dollars, with a 24H increase of 251.8%. The well-known trader Bonk Guy previously sparked controversy by promoting LONG, leading community users to question the high concentration and other security issues of the protocol token.According to market news, the prices of Meme coins are highly volatile, and investors are advised to participate with caution.

FastLane co-founder Alex Watts announced that the team is building Moose, a product that serves as an on-chain aggregator, which is currently in public testing on Monad. Moose is described as the first on-chain aggregator and is currently the only router aimed at addressing the malicious quote manipulation issues from prop AMM and v4 hooks in TradFi and DeFi.Its tech stack is inverted, with quotes being instant and private, not passing through servers, TEE, RFQ, or simulation in the hot path, and routing decisions made using on-chain real-time status after the trade is included. Moose provides improvements in execution, speed, spot margin safety, and privacy by co-locating with various DEXs within the same transaction. Gas on Monad is higher but below one cent, and the upcoming threshold encrypted memory pool will offer end-to-end privacy.

The BIS research report shows that the on-chain transfer value of Bitcoin may have discrepancies of up to six times due to different statistical standards, and traditional market capitalization calculation methods may also deviate from reality by up to four times.

According to the official announcement, Gate announced that it will fully integrate with the Arc public chain on September 16, covering core Web3 scenarios such as Trenches, Gate Wallet, and on-chain market data. Gate's Trenches will exclusively offer 0 Gas transactions, allowing users to view popular and newly issued tokens on the Arc chain, access market data, and participate in trading directly without incurring additional Gas fees. Currently, Trenches supports limited-time Gas-free transactions for on-chain assets on Robinhood Chain, and with the addition of Arc, the 0 Gas coverage scenarios will further expand.Arc is an open Layer 1 network created by Circle for the financial market. This integration allows Gate users to access related assets and liquidity through Web3, wallets, and on-chain trading products, expanding coverage of emerging public chains.

Circle's public chain Arc will officially launch on September 16. Following the previous launch of the Robinhood chain, tokens represented by CASHCAT achieved returns of thousands and tens of thousands of times. The market expects a similar trend to occur on the Arc chain. Therefore, on-chain funds are actively seeking opportunities for early positioning and front-running.Currently, third-party platforms have emerged in the market that offer USDC exchanges from the Ethereum mainnet to USDC on the Arc chain. Relevant data shows that the current USDC on the Arc chain is priced nearly double that of USDC on the Ethereum mainnet. Leading platforms have facilitated 11,660 exchanges, with a total transaction volume exceeding 5 million dollars, while the platform charges a 3% service fee for these transactions.Previously, several crypto-native platforms announced that they would support the Arc chain as soon as it launches, including the NFT trading platform Opensea and the meme coin platform fomo. In response to the announcement of fomo's launch, Circle co-founder Jeremy Allaire also made a positive response immediately, serving as a potential support hint for the crypto-native community. Whether Arc can successfully continue the on-chain boom after its launch still needs to be verified by the market at that time.

According to market news, USDC officials stated on platform X that as of September 12, 2026, the total on-chain historical transaction volume of USDC has exceeded 100 trillion US dollars. For many years, it has been serving fund transfers at an internet scale.

Research institution Castle Labs released a report stating that over 38 billion dollars in assets have been tokenized on-chain. Among them, U.S. Treasury bonds exceed 15.9 billion dollars, commodities 4.9 billion dollars, active strategies 3.6 billion dollars, asset-backed credit 2.56 billion dollars, and stocks 2.52 billion dollars.The report uses the Ethereum Layer 2 network Mantle as an example, stating that the Mantle ecosystem currently hosts over 225 million dollars in assets, of which over 60% is in the active RWA strategy Mantle Index Four Fund, 21% is in syrupUSDT, 15% is in Ondo USDY, and 2% is in xStocks. Of the RWA value, 96% is in income-generating assets, and xStocks has grown to over 4.4 million dollars since its launch in March.Castle Labs: Listed assets are relatively easy, but the challenge lies in whether assets can become effective capital after being on-chain. Tokenized assets need to be able to trade in deep liquidity, be used as collateral, be combined across venues, and be widely used; otherwise, it will exacerbate liquidity fragmentation. For RWA to gain widespread adoption, it must provide additional utility compared to traditional finance in terms of accessibility and combinability. Early tokenization rewards the ability to bring assets on-chain, while the next phase will reward the ability to make these assets useful.

The researcher from the cryptocurrency research institution Four Pillars, 100y_eth, stated: Many on-chain experiments are shutting down or transforming without proving product-market fit, and this trend will become more evident in 2026. The on-chain market is increasingly polarized, with one side being speculative demand areas such as meme coins, perpetual futures, and prediction markets, while the other side includes stablecoins, RWA, and treasuries related to the real economy.As viable markets narrow to at least a few categories, companies from different starting points, including Coinbase, Robinhood, MetaMask, and Kalshi, are converging on the same product stack: perpetual futures, prediction markets, meme coins, stablecoins, and RWA. This does not mean the end of on-chain native businesses; new categories can still emerge through experimentation and develop into sustainable markets.

According to Fortune, Robinhood has recently tokenized stocks like AMC, which has led to public criticism from AMC's CEO. However, this model can reduce the cost and threshold for global investors to trade U.S. stocks. Blockchain-driven stock tokenization is reshaping the U.S. brokerage industry, and its impact may be similar to that of Napster on the music industry 25 years ago.Analysis points out that tokenized stocks still face issues such as voting rights, underlying stock custody, and whether token assets are fully backed. However, regulators have begun to promote the construction of relevant frameworks. Recently, Nasdaq also invested $100 million in blockchain financial company Payward, and the trend of stock on-chain is accelerating, making it difficult for threats or lawsuits to long-term hinder the development of this technology.

According to the official announcement, Binance Pay has announced the expansion of its enterprise payment capabilities, launching a set of on-chain solutions aimed at wallets, trading platforms, dApps, payment service providers, merchants, and digital platforms, including On-ramp as a Service, Pay On-chain, and AgentPay based on x402.This service allows enterprises to leverage Binance's infrastructure to provide users with features such as cryptocurrency asset purchases, on-chain fund transfers, and programmatic payments.

In the RWA on-chain market, the scale of tokenized gold is 5.1 billion dollars, accounting for 11%. Among them, XAUT has a scale of 2.7 billion dollars, PAXG is 1.9 billion dollars, followed by KAU at 230.8 million dollars, PGOLD at 85.1 million dollars, and XAUM at 66.1 million dollars.

According to on-chain analyst Ai Yi's monitoring, Donut AI CEO and founder Chris recently disclosed his on-chain investment portfolio and trading strategies, involving multiple tokens such as PUMP, PONS, AI, BONER, and STONK.Chris has held PUMP for several months, with total profits exceeding $936,000; in the past 30 days, he participated in trading popular tokens on Robinhood Chain, earning over $130,000, during which he exited when PONS had a market cap of about $600 million.In addition, Chris established a position in STONK when its market cap was around $89 million, currently showing an unrealized profit of about $180,000, with a return rate exceeding 170%. Regarding the differences between Robinhood Chain and Solana, Chris believes that the former currently relies more on the influx of new retail investor funds, while Solana has a much larger amount of on-chain capital, thus he is more optimistic about the long-term development of Solana's tokenized stock ecosystem.

During Korea Blockchain Week 2026, RootData will collaborate with ChainCatcher to host the "TradFi On-Chain" themed forum on October 1 from 14:00 to 18:00 (GMT+9) in Gangnam District, Seoul, South Korea.As South Korea accelerates the advancement of digital asset regulatory frameworks and the implementation of tokenized securities, the integration of traditional finance and blockchain is rapidly progressing. The South Korean market has become a focal point for global entrepreneurs, institutions, and investors. As one of the key peripheral events of this year's Korea Blockchain Week, this forum will gather institutional leaders, executives from trading platforms, and industry innovators to discuss the intersection of regulation, capital markets, and on-chain finance.Event registration: https://luma.com/nl4bsys6