BTC $64,408.90 +0.31%
ETH $1,923.85 +1.38%
BNB $602.55 +0.03%
XRP $1.00 +1.08%
SOL $77.41 +1.96%
TRX $0.3330 +0.12%
DOGE $0.0701 +0.48%
ADA $0.1750 +1.20%
BCH $203.81 -0.04%
LINK $9.77 +3.77%
HYPE $58.45 -1.88%
AAVE $88.45 -0.07%
SUI $0.6591 +2.05%
XLM $0.1566 +1.65%
ZEC $509.41 +0.70%
BTC $64,408.90 +0.31%
ETH $1,923.85 +1.38%
BNB $602.55 +0.03%
XRP $1.00 +1.08%
SOL $77.41 +1.96%
TRX $0.3330 +0.12%
DOGE $0.0701 +0.48%
ADA $0.1750 +1.20%
BCH $203.81 -0.04%
LINK $9.77 +3.77%
HYPE $58.45 -1.88%
AAVE $88.45 -0.07%
SUI $0.6591 +2.05%
XLM $0.1566 +1.65%
ZEC $509.41 +0.70%

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hot_img Blockworks: Q2 XRP spot trading volume decreased by 53%, RLUSD stablecoin supply increased by 257% month-on-month

Blockworks released the XRP Q2 report, with XRP's quarter-end closing price at $1.04, down 19.9%, and a market cap of $65.8 billion, still the fourth largest non-stablecoin asset. XRP ETP net inflow was $253.6 million, marking the third consecutive quarter of positive inflows, totaling over $1.9 billion. CEX spot trading volume was $57.6 billion, down 53.5% quarter-over-quarter, and perpetual contract trading volume decreased by 44%.The supply of XRPL native stablecoins increased by 195.4% quarter-over-quarter to $825.5 million, with RLUSD supply at $676.9 million, up 257%. OKX has launched RLUSD with over 280 spot trading pairs, and the Japanese Financial Services Agency has approved RLUSD as an electronic payment tool, distributed through SBI VC Trade. The total value of tokenized RWAs on XRPL increased by 102.5% quarter-over-quarter to $4.46 billion, setting a new quarterly high, with Justoken's energy-related JMWH accounting for about half. The transfer volume of stablecoins increased by 207.5% quarter-over-quarter to approximately $10 billion, with RLUSD accounting for about 90%.In terms of network activity, total transaction volume was 222.4 million (down 6.5% quarter-over-quarter), daily active addresses were 16,800 (down 10.7%), DEX trading volume was $482.9 million (down 35.9%), and transaction costs fell to $0.00024 (declining for five consecutive quarters). The lending protocols XLS-65/66 received support from 9/35 and 8/35 validators respectively, still 29 votes short of the activation threshold, with a revised version to be submitted in Q3. In terms of institutional collaboration, Ondo, JPMorgan Kinexys, Mastercard, and Ripple completed the tokenization of U.S. Treasury cross-chain redemptions, and Aviva Investors subsequently launched tokenized fund shares on XRPL.

Maya Protocol Attacked: Six Linked Vulnerabilities Result in Approximately $1.7 Million Stolen, Liquidity Pool Shrinks by $11 Million

The cross-chain liquidity protocol Maya Protocol was attacked on August 18, with the attacker exploiting six interconnected software vulnerabilities to create false account balances, stealing approximately 20.83 BTC (about $1.34 million) and other assets, resulting in a total direct loss of about $1.65 million. The incident led to the suspension of trading on the MAYAChain network, with its token CACAO plummeting nearly 89% from $0.115 to $0.013, before recovering to around $0.03.Technical reviews show that the attack began when MAYAChain mistakenly judged a transaction to be lost and triggered a compensation mechanism, but the mechanism miscalculated, adding about 49 million CACAO to a small liquidity pool, while the protocol's reserves only held about 168,000 CACAO. After the transfer failed, the system incorrectly saved the new balance, and the attacker subsequently deposited a very small amount into the liquidity pool, acquiring over 99% of the pool's share and immediately withdrawing 48.87 million CACAO, which was then exchanged for Bitcoin, Ethereum, and other assets.The incident caused the total value of the Maya Protocol liquidity pool to decrease by about $10.9 million, of which approximately $6.4 million was due to the depreciation of CACAO, and about $2.9 million came from arbitrage trading. The team expressed hope that the attacker would return the funds in the form of a bug bounty; otherwise, they would seek to recover losses through investments in channels like Aztec Chain. Maya Protocol has not yet announced a specific time for resuming trading. This incident once again exposed the security risks within the complex logic of DeFi protocols.

Data: The total net inflow of Bitcoin spot ETF yesterday was $189 million, and Hashdex DEFI announced its delisting

According to SoSoValue data, the total net inflow for Bitcoin spot ETFs is $189 million. The Bitcoin spot ETF with the highest single-day net inflow yesterday was BlackRock ETF IBIT, with a single-day net inflow of $144 million, bringing IBIT's historical total net inflow to $61.4 billion. Following that is Fidelity ETF FBTC, with a single-day net inflow of $23.92 million, and FBTC's historical total net inflow currently stands at $10.02 billion.The Bitcoin spot ETF with the highest single-day net outflow yesterday was VanEck ETF HODL, with a single-day net outflow of $16.92 million, and HODL's historical total net inflow currently stands at $1.07 billion. Additionally, Hashdex's Bitcoin spot ETF DEFI has initiated a liquidation process due to factors such as asset size, trading liquidity, and operating costs, having ended trading on NYSE Arca on August 17 and will subsequently delist; the fund will begin liquidating its remaining Bitcoin holdings on August 18, with cash liquidation payments to be made to holders around August 24.Bloomberg data shows that as of July 30, DEFI's assets under management were approximately $7.28 million. As of the time of writing, the total net asset value of Bitcoin spot ETFs is $79.3 billion, with an ETF net asset ratio (market value relative to total Bitcoin market value) reaching 6.12%, and the historical cumulative net inflow has reached $52.28 billion.
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