Blockchains

Canton Network, the privacy-enabled institutional blockchain built by Digital Asset, generated $60.2 million in fees over the trailing 30 days, outpacing Tron's $27.6 million and Ethereum's $11.3 million by a wide margin, according to DefiLlama data.

Sophon is decommissioning its zkSync-based Layer 2 chain and pivoting to Soph+, a consumer product studio building exclusively on Base. The shutdown caps a chain that raised $60 million through node sales but attracted fewer than 200 daily users and generated roughly $30 in daily fees.

The Ethereum Foundation has eliminated 54 positions, about 20% of its workforce, as part of a restructuring tied to its updated spending mandate. Vitalik Buterin announced a 40% annual budget cut targeting a reduction in treasury spend from 15% to 5% by 2030. Arkham Intelligence places EF's ETH holdings at approximately $209 million, a nearly six-year low.

MoneyGram has launched an active validator node on Solana and joined its institutional developer platform, making Solana the payments giant’s third blockchain validator commitment alongside Tempo and Midnight. The move deepens a blockchain infrastructure push that began with Stellar remittances in 2021.

Bastian Aue, the Ethereum Foundation’s interim executive director, outlined how EF will implement its new mandate: treating MEV extraction as a structural threat, making privacy a protocol default, and moving EF compensation into ETH and Ethereum-native stablecoins.

Glamsterdam has reached its final devnet stage, locking in ten EIPs including ePBS and Block-Level Access Lists. The bundle clears the path for a 200 million gas-limit floor and mainnet activation in H2 2026.

The Layer 1's gasless stablecoin design pushed transfer throughput to nearly $65 billion since June 10, recasting Sui as a fee-free settlement rail for institutional and agentic payments.

LG Electronics is building a blockchain-based advertising network on its own Arbitrum-derived Layer 2, with a pilot completed and a commercial launch targeted for later this year.

Digital Asset has closed a $355 million funding round led by a16z crypto, with HSBC, Apollo, CME, BNP Paribas, ADIA, ABN Amro, S&P Global, Tradeweb and more than 20 other institutional names joining as investors.

The Solana Foundation has deployed a single onchain program that any merchant, payroll operator, or wallet can build recurring billing, capped agent allowances, and contractor pulls on top of, putting a native primitive into the rail layer that Stripe Billing, Recurly, and the card networks own offchain.