allium

The founder of the venture capital firm Theory Ventures, Tomasz Tunguz, stated that the fastest-growing market globally is not AI, but the crypto market formed by real-world assets (RWA) on the blockchain. He noted that RWA enables stocks and commodities like oil and copper to be traded on-chain, taking on almost all public price discovery during commodity exchange closures.Tunguz mentioned that RWA, through perpetual contracts for stocks, provides pre-IPO pricing for Anthropic, OpenAI, SpaceX, and Cerebras, and brings international access channels. He cited data indicating that the perpetual price of Cerebras before its IPO differed from the Nasdaq opening price by less than 1.3%, with SpaceX having a perpetual open interest of approximately $215 million and a cumulative trading volume of about $2.2 billion before its IPO. A report from Pantera Capital in September 2026 showed that the trading volume of perpetual contracts for stocks on Hyperliquid and Lighter reached $67.8 billion in June, which is 16 times that of tokenized stock spot trading.He also stated that stablecoins have become one of the top ten buyers of U.S. Treasury bonds, surpassing China, Norway, and Switzerland, and are used to settle transactions of the aforementioned tokenized assets. Institutions such as JPMorgan, HSBC, BlackRock, Citigroup, Goldman Sachs, Franklin Templeton, Robinhood, and Stripe are advancing RWA.

Bloomberg has launched a stablecoin data dashboard on its Terminal, providing financial professionals with on-chain data to track stablecoin supply, issuance, and trading activity. This dashboard is supported by the blockchain data platform Allium and covers stablecoins with a circulation of over 100 million dollars, accounting for more than 98% of the overall market.Users can compare various stablecoins based on supply, minting, burning, transfer volume, and turnover rate, and segment activity data by blockchain network and anchoring type (including fiat and commodities). The dashboard is accessible to all Bloomberg Terminal users through the RWAS feature and is displayed alongside the platform's existing fixed income, foreign exchange, and money market tools.Bloomberg Terminal is widely used by financial professionals such as banks and asset management institutions for real-time market data, news, analysis, trading, and communication. Since 2014, Bloomberg has provided Bitcoin quotes on the platform and currently offers pricing, reference data, identifiers, and benchmarks for 50 cryptocurrencies. According to DeFiLlama data, the total market capitalization of stablecoins has risen to over 30.6 billion dollars, with Tether's USDT accounting for about 60%.

The blockchain data platform Allium released the report "Stablecoins and Payment Status: September 2026." The report shows that in August 2026, the supply of stablecoins reached $303 billion, a year-on-year increase of 6%, with Tether and Circle accounting for 85% combined. Exchanges held $89 billion, and DeFi protocols held $26 billion.In the first eight months of 2026, stablecoin payments reached between $401 billion and $527 billion, a year-on-year increase of 42% to 63%. Enterprises received 58% to 64% of the payments, with B2B being the largest channel. The growth rate of cross-border stablecoin payments is seven times that of traditional fiat channels. From January to August, the total transfer volume reached $85 trillion, and after excluding internal exchange transfers, DeFi, and infrastructure transfers, the real economic activity was $4.0 trillion, of which transactions accounted for 69%, value storage accounted for 13%, and payments accounted for up to 13%.B2B settlements reached between $137 billion and $153 billion. In corporate operations, service fees were $56 billion, salaries $43 billion, vendor payments $28 billion, and retail purchases $19 billion. In geographically attributed payments, 61% were domestic. Thailand received $10.8 billion, Turkey $7.8 billion, Indonesia $6.3 billion, and Mexico $6.1 billion. The proxy payments on the x402 protocol reached 29 million monthly transfers in August, averaging $0.06 per transfer. Ether.fi Cash's monthly expenditure increased to $108 million.

The blockchain data analysis platform Allium released the Solana RWA ecological research report on September 8, 2026. Measured by market capitalization, Solana accounts for about 12% of the total on-chain tokenized real-world assets; it ranks first in terms of trading volume. As of August 18, 2026, in the past twelve months, Solana completed an on-chain RWA spot trading volume of 14.7 billion USD (approximately 46 billion USD for the entire chain during the same period) and 42.6 million transactions (approximately 91 million transactions for the entire chain during the same period), both higher than other chains.The report covered all 37 issuers on the chain at that time. Among them, BlackRock-related assets had a scale of about 741 million USD but no transactions occurred during the period; two private credit issuers completed a total of about 5.4 billion USD in circulation. Of the tokenized stock trading volume on Solana, about 63% occurred during the off-hours of U.S. exchanges.

According to Bloomberg, Belgian prosecutors stated on September 7 that a Chinese man, who also holds Belgian nationality, was arrested on May 10 at Brussels Airport while attempting to board a flight back to Beijing on suspicion of engaging in espionage activities against a Belgian semiconductor company. The investigation may point to the illegal transfer of specialized intellectual property and trade secrets related to gallium nitride chip production abroad.The investigation is related to the bankruptcy case of Belgan BV, which announced its bankruptcy in July 2024. Prosecutors indicated that there are signs suggesting that the man held a senior research position at the Belgian company while also serving as a director of a Chinese company engaged in similar manufacturing activities. This Chinese company was established a few months after he joined the Belgian company and was funded by a Chinese investment fund. This is the latest in a series of suspected espionage cases in Belgium.

According to the Financial Times, blockchain data company Allium Labs reports that cryptocurrency projects have spent nearly $640 million to buy back their own tokens this year, amounting to $638 million, which is higher than $545 million during the same period last year, while the total for the entire year of 2024 is only $366,000.The perpetual contract exchange Hyperliquid and the meme coin issuance platform pump.fun together account for nearly 90% of the total buyback amount. Allium Labs' research director Elton Shehdula stated that projects conduct buybacks for "image incentives" to demonstrate confidence in their tokens; reducing supply after buybacks becomes another lever to support token prices.Hyperliquid uses 99% of its trading fee revenue for buybacks and cancellation of HYPE tokens, having repurchased and canceled tokens worth $1.3 billion since its launch in December 2024, with HYPE rising 70% in the past year. The decentralized finance platform Sky Protocol repurchased $26 million worth of tokens. Co-founder Rune Christensen stated that the protocol generated over $400 million in revenue in the past year, and buying back SKY tokens ensures that decision-makers remain aligned with the long-term success of the protocol.

According to Fortune, New York blockchain data analytics company Allium announced the completion of a $40,000,000 Series B financing round, led by Amplify Partners, with participation from Kleiner Perkins and Theory Ventures.Allium focuses on cleaning and integrating complex on-chain data, providing services to institutional clients such as Visa, the Federal Reserve, Coinbase, and a16z's crypto division.

ChainCatcher news, according to CoinDesk, blockchain indexing and data infrastructure platform Allium Labs has completed a $16.5 million Series A funding round, led by Theory Ventures, whose founder Tomasz Tunguz will join the board. Kleiner Perkins and Amplify Partners also participated in this funding.Allium Labs provides enterprise-level blockchain data for companies such as Visa, Stripe, and Uniswap Foundation, and plans to use the funds for data infrastructure development and market expansion. Latest data shows that demand for stablecoins is rebounding in 2024, with circulating supply nearing $150 billion and monthly active users reaching 27.5 million.Additionally, Web3 asset data platform RootData shows that Allium offers on-chain data infrastructure products, ranging from hosted blockchain databases and rich data models to real-time alert features.