@nara_usd 🫶 @KeyringNetwork Nara will be using Keyring's permissioning infrastructure as a key component of their platform. We're excited to be working with the Nara team as they build the future of stablecoin finance.

🙌🏻Nara has secured a $500K pre-seed investment from @yzilabs! The investment follows our graduation from @EASYResidency Season 4 in Bhutan, where we pitched Nara to @cz_binance some of the most seasoned investors in the space, and the King of Bhutan on Demo Day. Thank you to @yzilabs and @EASYResidency for the investment, the mentorship, and the platform to build in one of the most exciting rooms in the digital assets space right now. And special thanks to @ellazhang516 for your guidance throughout all of this, your insights and tutelage has been invaluable. We're building yield-bearing PayFi infrastructure, backed by real payment & receivables flows, launching publicly this September. 🇧🇹🚀 Read more 👉🏻

Now it gets really serious on the XRPL. Institutions are coming on to the XRP Ledger for borrowing and lending amendment with clear commitment. Not a "maybe" or "perhaps". It's happening. Clearpool provides the infrastructure (Permissioned Vault), Cicada provides the credit expertise (Loan Broker), and Ripple provides the capital (Depositor). and the borrowers are FinTechs 👀. Supply capital, earn yield, supply more capital -> Flywheel effect of compounding. All on XRP using XLS-66 (Lending) and XLS-65 (SAV) features, XRP as native settlement asset across the flow and for fees / reserves. More usage of the XRP protocol feeds the activity engine. Amazing to see this upcoming and next up is a demo of those flow!

1/5 We’re excited to announce a new collaboration with @Ripple, @cicadacredit and @ClearpoolFin to bring institutional-grade credit to XRPL. Together, we’re combining Clearpool’s lending infrastructure with Cicada Partners’ credit expertise and borrower pipeline to support real-world lending activity onchain. 👇

Institutional-grade credit is coming to the XRP Ledger (XRPL). @Cicadacredit brings credit expertise and a borrower pipeline, powered by @ClearpoolFin infrastructure built on the XRPL Lending Protocol and Single Asset Vault. Cicada has the full story on how it works 👇

From August 2021 through 2023, blockchains captured 90%+ of monthly crypto revenue. By mid-2026, that share dropped to 25%. The new breakdown: 🔸 Finance apps: exceeded 50% in most months 🔸 Consumer apps: steady meaningful share 🔸 Blockchains: down to ~25% 🔸 Physical and crypto infrastructure: rounding errors The economic center of crypto moved from the base layer to the apps running on it. Early cycles were infrastructure-focused because infrastructure was the only place value could accrue. Users paid L1 gas fees because there was nowhere else for the money to go. Ethereum's high fees, Solana's spikes, Bitcoin's security budget drove revenue. As blockchains became cheaper, more scalable, and more reliable, apps could finally support real users and capture their own revenue streams. Finance apps (perp DEXs, lending protocols, stablecoin issuers, trading tools) earn fees from trading volume, not just gas. Consumer apps (memecoin launchpads, wallets, social tools) turn engagement into sustained revenue as they find market fit. The internet followed the same arc. In the 1990s, ISPs and backbone providers made the money. By the 2010s, applications and platforms captured most of the value. Crypto is following that path, faster and with full transparency because everything settles onchain. You can't value L1s solely on the claim that they capture all fees anymore. App-layer protocols have proven that lean teams can generate hundreds of millions in revenue across: 🔸 @HyperliquidX -style derivatives platforms 🔸 @Pumpfun -style consumer platforms 🔸 The wider DeFi stack These products now capture economic surplus that once flowed almost entirely to validators and miners. That diversification is healthy. Crypto no longer depends on one revenue source or one narrative. The infra succeeded, which is why its revenue share fell. Finance and consumer apps now generate the majority. That's where the next decade of value compounds. h/t: @Blockworks

New Trade Finance Vault is live on Clearpool! Launched by @tradevu_co and managed by @cicadacredit. Trade finance is one of the oldest forms of real-world credit. Now it's on-chain. Supply USDC, 15% target yield, funding tokenized invoices, purchase orders, and letters of credit. Read more 👉🏻 $CPOOL