According to market sources: Prediction market platform Polymarket’s annualized revenue has surpassed $1 billion, with daily trading volume soaring from $50 million to $200 million. (Sina Finance)

Odaily Odaily According to data from SoSoValue and Dune Analytics, the newly launched Hyperliquid ETF recorded a net purchase volume of $25.5 million on Wednesday, surpassing the total net purchases of $22.35 million from the previous five days combined.Additionally, Bitwise revealed the wallet address for its Hyperliquid ETF on Wednesday and announced that 10% of the ETF's management fees will be used to hold HYPE on its balance sheet. (decrypt)

Odaily Planet Daily News: The Solana Foundation and Google Cloud have jointly launched the AI payment gateway Pay.sh, allowing AI agents to pay for API services on a per-request basis using Solana on-chain stablecoins, eliminating the need for traditional account systems. The system is built on the x402 protocol and supports the Machine Payments Protocol developed by Tempo and Stripe.Currently, AI agents can access Google Cloud services such as Gemini, BigQuery, and VertexAI through Pay.sh. The platform also supports AI tools including Anthropic Claude Code, OpenAI Codex, and OpenClaw, along with over 50 community API providers. Additionally, it integrates infrastructure and data services such as Helius, Alchemy, Dune Analytics, and Nansen. (Decrypt)

Odaily News Analysis points out that the prosperity of the US prediction markets is built on an unstable foundation, primarily benefiting from regulatory arbitrage opportunities. For instance, there is currently no comprehensive system in various US states to regulate user participation in sports event betting through prediction market formats. Dune Analytics data shows that in 2025, sports-related transactions accounted for approximately 85% of Kalshi's trading volume and about 39% of Polymarket's. Devin Ryan, Head of Financial Technology Research at Citizens Bank, believes the market needs to establish robust integrity rules, and trading volume in non-sports markets needs to increase. Currently, the market size for predicting January CPI inflation data on Kalshi is less than $1 million, and the market size for predicting core inflation is under $30,000. Such liquidity is insufficient to attract institutional participation.Furthermore, the current US prediction market exhibits characteristics of "fragile prosperity," with growth heavily reliant on regulatory gray areas and significant marketing investment. Once regulations tighten or user interest wanes, growth could face pressure. There is also a degree of regulatory contention. For example, US prediction markets typically argue that they fall under event contract trading regulated by the Commodity Futures Trading Commission (CFTC), but state-level regulators adopt a more cautious stance. Related legal disputes may ultimately be decided by the Supreme Court. (BusinessInsider)

Odaily Onchain Research Director Leon Waidmann posted on platform X, stating that the expansion of crypto payments is happening faster than most people expected. According to Dune Analytics data, Visa crypto card spending grew by 525% in 2025, with net spending increasing from $14.6 million to $91.3 million.He believes consumer payments are just the beginning, with a larger shift coming from the enterprise side. Enterprises are managing payments and collections on-chain, seamlessly converting between cryptocurrency and fiat currency, operating on-chain treasuries, and generating yield from idle balances. The data confirms that cryptocurrency is being used for actual payments, not just trading. Card payments eliminate friction and reduce complexity, and the performance of on-chain balances is increasingly resembling that of money. Cryptocurrency is transitioning from an alternative to the financial system to becoming its foundation.

According to data from Dune Analytics, Hyperliquid experienced a net outflow of over $430 million this week, marking the third-highest weekly outflow to date. Furthermore, the total value (TVL) on the Hyperliquid platform has fallen from over $6 billion in mid-September to approximately $4 billion. Analysts believe that emerging competitors like Lighter and Aster have rapidly risen in DEX trading volume rankings this year, continuously eroding Hyperliquid's market dominance. While Hyperliquid still leads in market share, its advantage is not as significant as it was earlier this year. (The Block)

According to official sources, Lido has proposed a 2026 budget, allocating $60 million to transform from a single product to a diversified portfolio, targeting institutional clients and expanding its stablecoin yield business. The proposal outlines plans to develop stablecoin and other asset class-related products to create new revenue streams and ensure the protocol's long-term resilience. According to data from Dune Analytics, Lido currently holds a 28% market share in the Ethereum staking market, managing over 9.8 million ETH (worth approximately $34 billion).

Odaily News According to Dune Analytics data, Binance Wallet's transaction volume reached $5 billion, surpassing wallets such as MetaMask and Phantom. Binance Wallet's transaction volume increased by about 300% from a week ago, and currently occupies about 95% of the digital asset wallet market. The surge in Binance Wallet's trading volume seems to be closely related to the popularity of its "Alpha" section. The section, called Binance Alpha, was launched in December 2024 and focuses on showcasing new projects. Binance also offers Alpha users token trading competitions, early access to new tokens through TGE, and airdrop rewards. (The Block)

Odaily News Pump.fun’s token “graduation rate” has been below 1% for four consecutive weeks. On the platform, “graduation rate” refers to the percentage of tokens that transition from the incubation stage to a fully tradable state on the Solana decentralized exchange (DEX). To reach graduation criteria, tokens must meet specific liquidity and trading requirements. Dune Analytics data shows that since February 17, the "graduation rate" of the Pump.fun platform has been below 1% for four consecutive weeks for the first time. Previously, the platform's graduation rate has been low, with the best performance in history appearing in November 2023, when 1.67% of tokens successfully entered the public market. At that time, Pump.fun created 323,000 tokens in the previous week, which means that about 5,400 tokens entered the Solana DeFi ecosystem. However, as the popularity of Meme coins has cooled, the number of tokens created by Pump.fun and Solana has dropped significantly. Dune data shows that as of now, the number of tokens graduated from the platform has dropped to about 1,500 per week, a significant decline from its peak.

Odaily News Solana’s Epoch 755 has ended, and SIMD-0228 proposal has not passed. Although the on-chain vote reached a quorum, the ratio of yes votes to the total number of yes and no votes (Yes + No) was 61.4%, which is lower than the support rate of 66.67% (i.e. 2/3). Dune Analytics data shows that 910 validators have voted on the proposal. 43.6% voted in favor of the proposal, 27.4% opposed, and 3.3% abstained.