On-chain crypto collateralized loans grew 42% in the second quarter of 2025 to hit a new all-time high of $26.5 billion. Crypto investment firm Galaxy disclosed this in its latest report on the crypto lending sector. According to the report by Galaxy Research associate Zach Pokorny, the 42% increase means the dollar value of open loans on decentralized finance applications increased by $7.84 billion. However, loans on centralized finance crypto platforms also increased, although at a lower rate. As of June 30, the value of outstanding CeFi loans reached $17.78 billion, representing a 14.66% growth quarter over quarter. While this shows how DeFi continues to outpace CeFi regarding crypto loans, the centralized platforms have grown substantially in the past few years. Galaxy Research noted CeFi loans have grown by 147.5%, around $10.59 billion, since Q4 2023. Interestingly, the surge in crypto loan value during Q2 marks a resurgence after declining in Q1. This captures the renewed optimism in the crypto sector, which picked up around April. Thus, it was not just that more users were lending crypto assets. The value of cryptocurrencies also increased significantly during the period, contributing to the general rise in dollar value of crypto loans. Tether leads centralized lending Meanwhile, Tether is the clear leader for centralized lending activity as the stablecoin issuer, having a 57.02% market share with $10.14 billion in open loans as of June 30. It is followed by Nexo, which has an 11.01% share of $1.96 billion, while Galaxy is in the top three at $1.11 billion. The three firms account for 74.26% of all open loans from CeFi lenders. Still, the subsector shows a lot of diversity with CeFi lenders offering different kinds of loans across the board. While some offer only Bitcoin-collateralized loans, others allow altcoin collateral, and cash loans do not include stablecoins. CeFi lending market size by Q2 ending. Source: Galaxy For instance, Ledn, which was one of the top three issuers in Q1, has now fallen out of the top three due to its decision to focus exclusively on Bitcoin-backed lending as opposed to allowing Ethereum and other yield products before now. The variety of lenders and loans available in CeFi has allowed for increased competition in the sector, which, according to the Galaxy report, is starting to reflect in the cost of borrowing. The report observed that costs are improving, which, along with increasing crypto prices, further drives borrowing activity. Interestingly, another major driver of the increase in CeFi lending has been treasury companies, which now use centralized lenders to finance their crypto accumulation. However, Ethereum treasury companies have not really tapped into the lending market to finance their accumulation, with most of them relying on other means so far. Ethereum is driving DeFi lending activity Meanwhile, the Ethereum network is the major driving force behind DeFi lending. This is mostly due to Ethena and Aave Liquid Leverage program and increasing adoption of Pendle principal tokens on Euler Finance and Aave . The report noted that DeFi users are relying heavily on looping strategies through these options. It said: “Under the Liquid Leverage program and Pendle PT tokens, users enact “looping strategies” that allow them to arbitrage the yield of their collateral assets against the cost of borrowing assets against them.” Meanwhile, the value of deposits for DeFi lending continues to increase with a 33.91% growth since June 30 to now reach $79.22 billion by July 31. Ethereum alone accounts for 78.22% of all DeFi lending deposits as of that date, while Solana has only a 5.3% share. Interestingly, Ethereum also leads in borrows. In the month between June 30 and July 31, assets borrowed on DeFi lending applications increased by 33.94%, translating to $6.2 billion in additional borrows. Ethereum saw a 42.73% growth while layer-2 networks saw the second fastest growth at 24.71%. KEY Difference Wire helps crypto brands break through and dominate headlines fast
Stay Ahead with Our Timely Insights of Today’s Next Crypto to Explode Check out our Live Next Crypto to Explode Updates for August 29, 2025! Crypto is so unthinkably huge at the moment, a nearly $4 trillion industry that’s aiming for world domination. Recent headlines talk of Circle and Mastercard planning to add USDC to global payment systems, Ethereum and Bitcoin treasuries in the billions of dollars, and Google building its own blockchain. Bitcoin has an all-time growth of over 180,000,000%, Dogecoin over 39,000%, and some of the newest presale coins often pump 10x, 100x, or even 1,000x on rare occasions. Explosive potential is probably the single best description for what we’re seeing today in crypto. Quick Picks for Coins with Explosive Potential Bitcoin Hyper ($HYPER) - Real-Time Layer-2 Solution for Scaling Bitcoin Launch: May, 2025 Join Presale Maxi Doge ($MAXI) - High-Impact Meme Coin Built On Strength, Staking & Conviction Launch: July, 2025 Join Presale PepeNode ($PEPENODE) - A New, Gamified Way to Mine to Earn Meme Coin Rewards Launch: February, 2025 Join Presale Wall Street Pepe ($WEPE) - Empowering Retail Traders with Viral Meme Energy & Exclusive Insights Launch: February, 2025 Join Presale TOKEN6900 ($T6900) - Meme-Powered Movement Against Corporate Control Launch: June, 2025 Join Presale If you’re looking for the most recent insights on the next crypto to explode , stay tuned. We update this page frequently throughout the day, as we get the latest and greatest insider insights for chart sniffers and traders looking for the next coin to explode. Disclaimer: Crypto is a high-risk investment, and you may lose your capital. Our content is informational only, and it does not constitute financial advice. We may earn affiliate commissions at no extra cost to you. We Asked Grok AI About Its Next Crypto to Explode Pick – Here’s Why It Chose $SNORT August 29, 2025 • 12:00 UTC AI’s firepower has grown by leaps and bounds over the past couple of years. Chatbots like Grok can now dive into technical analysis, real-time news updates, price movements, and even community chatter on platforms like X and Reddit to uncover genuine 1000x opportunities. We put Grok to the test by asking it to identify a presale with the potential to become the next crypto to explode. Grok spotlighted Snorter Token ($SNORT), citing the explosive growth of the meme coin market and the urgent need for a user-friendly yet secure trading bot. And it makes perfect sense. With robust security features like honeypot and rugpull protection, an easy-to-use Telegram interface, and a low presale price, $SNORT stands out as a strong pick for investors looking for a high-upside project with solid fundamentals. Check out Snorter Token’s official website for more information. Best Wallet’s $BEST Token Could Be the Real Winner of Stablecoin Summer as Next Crypto to Explode August 29, 2025 • 11:00 UTC Global powers are racing to launch national digital currencies, challenging USD-backed dominance. China, Japan, and the EU are rolling out fiat-pegged stablecoins for trade and remittances, while the US counters with digital dollar initiatives under the GENIUS Act. This fragmentation is fueling demand for wallets that can handle cross-chain, multi-currency transactions. Built for this moment, Best Wallet offers seamless swaps, fiat onramps, and support for multiple blockchains, all within an easy-to-use mobile crypto wallet. With Best Wallet targeting 40% of the non-custodial wallet market by 2026, many are tipping $BEST , it’s native token, as the next crypto to explode . The $BEST presale has raised over $15.2M by attracting investors with real utility, including staking rewards, governance rights, early access to new tokens, and reduced fees. Buy $BEST for just $0.025545 and bet on the infrastructure powering the stablecoin revolution. Tether Prepares to Launch USDT on Bitcoin – Is Bitcoin Hyper the Next Crypto to Explode? August 29, 2025 • 10:00 UTC Tether has confirmed plans to launch $USDT natively on Bitcoin through the RGB protocol, a move that could reshape how the network is used. Users will soon be able to hold $BTC and $USDT in the same wallet, signalling a shift from Bitcoin as a passive store of value to a platform with broader utility. While the Bitcoin-native stable coin product is exciting, Bitcoin Hyper ($HYPER) is already advancing with research into roll-up settlement models for Bitcoin Layer 1. Its token presale is nearing $13M, showing growing demand for projects that turn Bitcoin into more than just digital gold. What exactly is Bitcoin Hyper , and why is it predicted to be the next crypto to explode? Check out the official website to learn more . Solana Breaks Through 6-Month High at $215, Potential Rally Coming? Here’s Why Snorter Token Is a Smart Buy Now August 29, 2025 • 10:00 UTC Solana pushed through the $215 level, achieving a 6-month high since February 4. It also got back in top spot among other DEXs in the 24-hour volume ranking . Reasons for this pump include the new Alpenglow upgrade, which aims to achieve sub-second transaction speed, and the recent explosion of Solana treasuries. Traders are already expecting a rally for $SOL, especially if current momentum holds. Ali on X expects a $300 target soon. This is all extremely bullish for crypto, and the next crypto to explode might come from where you least expect it – presales. Snorter Token ($SNORT) plans to build a Telegram trading bot for Solana and Ethereum – the lowest fees around (0.85%), automatic token sniping, and anti-rugpull protections. The presale has raised over $3.5M, with the token priced at $0.1027. To buy Snorter Token, visit our guide.
Per an official announcement on August 29 and reported by COINOTAG, Binance confirmed that the remaining quota for its Plasma USDT locking product has been fully subscribed and that no
Cayman Islands, British Overseas Territories, August 29th, 2025, Chainwire Gate, a leading global digital asset trading platform, officially launched its new investment certificate, GUSD. Supported by real-world assets (RWA) such as U.S. Treasury bonds, GUSD provides users with low-risk, stable investment returns. By leveraging blockchain technology, it brings steady yields of traditional finance into the crypto world, serving as an important bridge between TradFi and DeFi, and offering users a safer, more predictable option for asset allocation. With the launch of GUSD , Gate has fully enabled trading, deposits, withdrawals, and related investment functionalities. Users can directly exchange USDT for GUSD on the spot market, or mint GUSD at a 1:1 ratio using USDT or USDC through Gate's "Staking" page. This allows users to conveniently obtain GUSD whether they wish to trade flexibly in the spot market or generate stable returns through RWA minting. GUSD will also serve as a Unified Account contract margin, supported from day one. As of August 29, 2025, Gate has officially opened trading for major cryptocurrency pairs and Simple Earn flexible savings for GUSD, further expanding its circulation and utility. Meanwhile, Gate Launchpool has officially opened its first GUSD staking pool, allowing users to stake GUSD and share CELB token rewards, with an estimated annualized yield of up to 365%. Additionally, lending, CandyDrop, and other functions for GUSD are gradually being rolled out. Once conditions are met, Gate will also collaborate with quality projects to launch GUSD staking pools, providing additional liquidity incentives to attract market attention. Unlike stablecoins that serve solely as a medium of exchange, GUSD itself is an investment certificate with an appreciation attribute. Its returns are derived from the interest generated by the underlying RWA assets. Users do not need to collect interest daily; instead, they receive both principal and accrued interest upon redemption. For example, if a user mints GUSD with 100 USDT and the accumulated return reaches 20% at redemption, they will receive 120 USDC. This mechanism gives GUSD not only stability but also growth over time. While holding USDT simply preserves value for market transactions, holding GUSD is effectively equivalent to indirectly holding a continuously appreciating portfolio of U.S. Treasury-backed assets. Gate stated that as the product continues to expand, the total fund size of GUSD is expected to exceed $100 million in the near term, establishing a more solid market foundation. The platform will also gradually disclose reserve proofs and cooperation details with custodian institutions, ensuring that users can publicly verify that every GUSD issued is fully backed by real-world assets, guaranteeing 100% reserves. Users redeeming GUSD receive USDC, which can then be converted into USDT or other cryptocurrencies, enhancing the credibility and transparency of the product's dollar-asset linkage. With over $4 billion in managed investment assets and years of robust compliance and operations, Gate provides strong assurance of GUSD's security and transparency. Compared with RWA products from leading platforms like Binance, GUSD not only follows the same underlying logic but also offers greater flexibility for users, supporting dual-currency minting with USDT and USDC for easier access worldwide. Gate's launch of GUSD offers a new solution to the long-standing question of how to achieve stable returns in the crypto world. It transforms stablecoins into a secure, transparent, and sustainable digital investment option. As trading pairs, lending, Simple Earn, and staking scenarios continue to expand, GUSD is poised to become the preferred tool for users seeking to allocate assets and achieve long-term growth. About Gate Gate, founded in 2013 by Dr. Han, is one of the world's earliest cryptocurrency exchanges. The platform serves over 36 million users with 3,600+ digital assets and pioneered the industry's first 100% proof-of-reserves. Beyond core trading services, Gate's ecosystem includes Gate Wallet, Gate Ventures, and other innovative solutions, while its global partnerships extend to top-tier sports brands like Oracle Red Bull Racing in F1 and Inter. For more information, users can visit: Website | X | Telegram | LinkedIn | Instagram | YouTube Disclaimer: This content does not constitute an offer, solicitation, or recommendation. Users should always seek independent professional advice before making investment decisions. Gate may restrict or prohibit certain services in specific jurisdictions. For more information, users can read the User Agreement via https://www.gate.com/user-agreement . ContactPeter Wangpw@gate.com Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
On August 29, Binance announced an adjustment to the Plasma USDT lock-up product, raising the per-user subscription cap to 50,000 USDT. The exchange specified that this change pertains only to
Tether has announced USDT is set to see a launch on Bitcoin’s RGB protocol, allowing users to hold BTC and the stablecoin in the same wallet. Bitcoin Users Will Have Native Access To USDT Via RGB Protocol As revealed by Tether in a website announcement , its stablecoin USDT will be coming to the RGB protocol. RGB allows users to create, send, and manage smart contracts directly on the BTC blockchain. The protocol launched on the BTC mainnet in July with its 0.11.1 release. Thanks to this release, stablecoins, non-fungible tokens (NFTs), and community tokens are all now possible natively on the BTC network, just like on Ethereum and other newer blockchains. Something to note is that RGB isn’t a network layer on top of Bitcoin. Rather, it makes use of only client-side validation to confirm transactions. “RGB operates with no trusted third parties, no federations, no validators, and no coordinators,” said RGB Hub in the 0.11.1 launch announcement. USDT is the largest stablecoin in the cryptocurrency sector, circulating on a slew of networks, and with Tether’s latest move, the token would finally become accessible to users of the original digital asset, Bitcoin. Tether noted in the press release: This announcement underscores Tether’s leadership in expanding the reach of stablecoins and its commitment to ensuring Bitcoin remains not only the original cryptocurrency but also the bedrock for global, everyday money. So far, the stablecoin issuer hasn’t confirmed any date, but once launched, users will be able to hold and transfer both BTC and USDT directly from the same wallet. Paolo Ardoino, Tether CEO, said: Bitcoin deserves a stablecoin that feels truly native, lightweight, private, and scalable. With RGB, USD₮ gains a powerful new pathway on Bitcoin, reinforcing our belief in Bitcoin as the foundation of a freer financial future. In some other news, the Bitcoin spot exchange-traded funds (ETFs) have seen their largest drawdown from the all-time high (ATH) since April, as CryptoQuant community analyst Maartunn has pointed out in an X post . As displayed in the above chart, the spot ETFs currently have their holdings around $813.9 million down since the peak. These latest outflows have occurred alongside BTC’s price decline. Another thing that has come with the drawdown in the cryptocurrency is a surge in long liquidations. As quant Frank has noted in an X post , long liquidations recently hit their highest level of dominance in four years. The last time that long liquidations were this dominant was in May 2021. Back then, bulls were flushed by a massive crash in the Bitcoin price that put the bull run on pause for a few months. BTC Price Bitcoin has slowly been climbing up since its low earlier in the week as its price has now reached the $112,400 mark.
TRON (TRX) has been showing signs of slowing momentum after its climb near previous highs. The token is currently priced at $0.3486, reflecting a 19.2% decline from its all-time high of $0.4313 recorded late last year. Over the past week, the market has seen limited upward movement, with TRX trading in a narrow range, suggesting muted buying pressure. On-chain analysts are closely watching TRON’s market dynamics as it approaches a potential inflection point. According to data shared on CryptoQuant’s QuickTake platform, TRX is exhibiting conditions that mirror earlier phases in its history where heightened optimism preceded corrections. The combination of rising sentiment indicators and technical positioning has sparked debate on whether TRX is preparing for a breakout or facing increased risk of retracement. Related Reading: TRON Defies the Market: Outpaces Ethereum, XRP, and Solana in BTC Pair Performance Market Conditions and On-Chain Metrics CryptoQuant contributor CryptoOnchain explained that TRX is at the edge of a critical zone, with “Extreme Greed” sentiment levels dominating investor behavior. Historically, such phases have led to either price discovery above resistance or sharp pullbacks when momentum fails to sustain. The analyst noted that the gap between TRX’s spot price and its realized price has widened, indicating substantial unrealized gains in the market. This divergence often increases incentives for holders to secure profits, adding to potential selling pressure. The on-chain data further highlights that TRX is approaching its upper value band, an area typically associated with overbought conditions. CryptoOnchain noted: TRX is at a critical juncture: a breakout above the all-time high could lead to further upside, but there is also a real risk of a correction. Traders should proceed with caution. To mitigate risks, strategies such as trailing stop-losses and partial profit-taking were recommended, especially given the heightened levels of speculative optimism. Stablecoin Dominance on the TRON Network While price performance has drawn attention, another significant factor shaping TRON’s trajectory is its growing role in stablecoin settlements. CryptoQuant analyst Burak Kesmeci recently emphasized that stablecoin transfers heavily dominate TRON’s ecosystem in 2025. Data shows: USDT: over 383 million transfers. Wrapped TRX (WTRX): 3 million. PayNet Coin: 1.88 million. USDD: 585,000. This activity shows TRON’s positioning as the leading blockchain for USDT transactions, benefitting from its relatively low fees and high throughput. The passage of the US Genius Act, which reinforced the role of certain blockchains in stablecoin settlements, further boosted TRON’s relevance in global payment flows. The analyst argues that while speculative trading around TRX’s price dominates headlines, its utility-driven demand in stablecoin transfers provides a strong foundation for long-term resilience. Related Reading: TRON Spot Market Signals Relief – Seller Dominance Weakens After Cycle High With over 90% of its transaction activity tied to USDT, TRON’s role as an infrastructure layer for digital dollar settlements remains one of its key strengths. Featured image created with DALL-E, Chart from TradingView
Ethereum is emerging as banks’ preferred blockchain for stablecoin settlement as stablecoin supply surpasses $280B in 2025; financial institutions are integrating Ethereum-compatible rails to handle digital dollar flows securely and
Tether will issue USDT natively on the Bitcoin network using the RGB protocol, enabling users to hold and transfer USDT directly within Bitcoin wallets and improving Bitcoin liquidity while preserving
Robinhood lists Toncoin for U.S. users, enabling direct TON trading on the platform and triggering a near 5% intraday price rebound; the listing expands retail access and may boost TON