Polymarket's full exchange upgrade - introducing Polymarket USD While users were speculating about a native chain or a native token, On April 6, @Polymarket announced what it calls its largest infrastructure upgrade since launch. This rollout will replace core components of its trading stack over the next few weeks. The key changes: 1. A new order book and matching engine > Polymarket’s CTF Exchange V2 rebuilds the platform's central limit order book (CLOB) system. > The update introduces support for EIP-1271 signatures - smart contract wallets to interact more smoothly with the exchange. > For traders and their bots, this means: - faster order execution - more efficient matching - improved API and SDK support (TypeScript, Python, Go) 2. Polymarket USD replaces bridged USDC > Previously, most trading relied on USDC.e, a bridged version of USDC on Polygon. > The new Polymarket USD (PUSD) replaces it as the platform's collateral token. > This shift appears to aim at reducing bridge-related risk and removing some of the operational friction the old setup relied on. > At the same time, it gives Polymarket tighter control over settlement and liquidity. The tradeoff is obvious: Less reliance on external infrastructure, but more centralised control over the settlement layer. 3. Maintenance reset and infrastructure migration > Because the order book architecture is changing, existing orders will be cleared during a short maintenance window. > Bots and API users will need to update to the latest CLOB client SDK and sign new orders using the new order structure. > For regular users, this will likely appear as a brief pause while the backend migrates. > Note: This reset might also level the playing field for bots temporarily. > Because when the order book wipes: - Market makers must rebuild liquidity - Trading algorithms recalculate - Spreads can briefly widen Closing thoughts: Polymarket, which began as a relatively simple experiment, now positions itself more like a traditional exchange. As it rebuilds its presence in the U.S., the upgraded infrastructure reflects its vision. Many industry voices see the upgrade as preparation for higher trading volume, while others are debating the "fiat collateral irony" of introducing another stablecoin layer. Polymarket has already processed tens of billions in cumulative trading volume, making it the dominant prediction market in crypto. Infrastructure improvements - like faster matching and cleaner collateral management suggest - the platform might be preparing for larger liquidity pools and heavier automated trading. The upgrade also subtly strengthens the case for a future $POLY token. While no official announcement has been made, the community widely expects a token tied to governance or incentives. Taken together, these changes suggest Polymarket is gradually centralising more control over the mechanics of trading as it scales.

WEEKLY ROUNDUP Mar 16 → Mar 23, 2026 Key Takeaways 1. Revenue Leader: @tether generated $114.08M in fees. It's been earning more in 7 days than any individual DeFi protocol earns in a month 2. Chain Gaining Most TVL: @PlasmaFDN up 29.33%. TVL expansion appears driven by XPL repricing + unlock timing ETF Flows: SOL ETFs saw 204.74K SOL in inflows. ETH ETFs recorded -79.68K ETH in outflows. Divergence is widening, driven by narrative and structure While ETH's onchain fundamentals are paradoxically strong, Fusaka may have hurt the asset in the short term by collapsing the burn rate. Biggest Fund Raise: (M&A) @BVNKFinance raised $1.80B. A raise of this size indicates continued confidence in crypto payment infrastructure. Token Unlock Watch: @Humanityprot is unlocking $10.14M worth of tokens. Full breakdown with data below 🧵

WEEKLY ROUNDUP Mar 10 → Mar 16, 2026 Key Takeaways Top Holder Revenue Protocol: @HyperliquidX generated $13.15M for token holders. Hyperliquid remains one of the few protocols consistently producing real cash flow, and continues returning a large share of the revenue to token holders. Chain Gaining Most TVL: @Plasma up 46.08% Liquidity jumped sharply - likely driven by @pendle_fi markets and capital rotation driven via incentives. ETF Flows: SOL ETFs recorded 121.81K SOL in inflows. ETH ETFs saw 56.01K ETH added. Flows remain steady into majors, suggesting institutional exposure is still building gradually. Biggest Fund Raise: @KAST_official raised $80M. Capital continues backing infrastructure and platforms aimed at improving crypto’s financial rails. Token Unlock Watch: @LayerZero_Core unlocking $55.53M worth of tokens. Full breakdown with data below 🧵

Traditional finance still runs on delayed settlement systems. Financial institutions waste hundreds of billions every year waiting for settlements to clear. Securities settle in T+2 cycles. Cross-border payments can take days. Capital remains locked while institutions reconcile records across multiple intermediaries. That inefficiency is exactly what financial blockchains like @Provenancefdn aim to fix. > WHAT PROVENANCE IS Provenance is an L1 chain built for financial assets. Rather than targeting DeFi users, the network focuses on one use case: tokenising, issuing, and settling realworld financial assets onchain. The chain is built on Cosmos SDK, using a proof-of-stake validator network secured by the $HASH token. Its architecture integrates three functions typically separated in traditional markets: - transaction settlement - asset ownership records - trading and asset distribution Instead of multiple financial systems interacting through intermediaries, these functions operate directly onchain. > HOW PROVENANCE SOLVES THE SETTLEMENT PROBLEM Traditional finance relies on layers of clearinghouses, custodians, and registries. Each step introduces delays and reconciliation risk. Provenance moves these workflows onchain. Assets can be: - originated - tokenized - transferred - settled all within a single blockchain infrastructure layer Settlement occurs at block finality - typically within a few seconds. For markets accustomed to multi-day clearing cycles, that represents a major structural improvement. > HOW IS IT DIFFERENT FROM OTHER "FINANCIAL CHAINS" Several networks claim to target financial markets. Most fall into one of two categories: Permissioned bank chains or general-purpose public chains Provenance sits somewhere in between. Its design focuses on regulated financial assets, while still operating as a public proof-of-stake network. Key differentiators include: - Built-in identity and compliance frameworks - Institutional custody integrations - Cosmos-based interoperability via IBC - Purpose-built modules for financial asset issuance The result is infrastructure designed specifically for regulated asset markets. provenance's ecosystem infra ⬇️ > INSTITUTIONS ALREADY BUILDING ON PROVENANCE Financial institutions can use the network to issue and manage tokenized financial products. The largest activity on the network today comes from @Figure Technology Solutions. Figure uses Provenance to support its digital lending and capital markets infrastructure. The platform has originated more than $22B in HELOC loans using blockchain-based processes tied to Provenance infrastructure. Market infrastructure is also developing around the chain. Examples include: @FigureMarkets Digital asset and tokenised securities marketplace. @OasisProtocol Regulated trading venue supporting digital securities. Institutional custody is supported through providers such as: - @BitGo - @Anchorage Validator infrastructure includes: - @BlockdaemonHQ - @Figment_io - @ValidationCloud These services help maintain transparency, compliance monitoring, and network reliability. > HOW TO PARTICIPATE Apart from Institutions: Individual Users too can participate by securing the network and interacting with applications. Activities one can do include: • staking $HASH • delegating to validators • participating in governance Wallets one can use and support the ecosystem include: • @keplrwallet • @leap_wallet • @CosmostationVD • @CitadelOne_ • @MetaMask (via integrations) > TAKEAWAY Most public blockchains built their ecosystems around DeFi first. Provenance takes the opposite approach. The network focuses on financial infrastructure first: - institutions originate assets - infrastructure providers run the rails - users secure the network Together forming an onchain system for issuing and settling real world financial products.

What are Super Validators on @CantonNetwork ? > Canton uses a two layer validation model designed for institutional finance. > At the core of this model are Super Validators. > Super Validators are invited, trusted organizations that operate the Global Synchronizer - the public coordination layer of the Canton Network. > This design allows Canton to be public and interoperable, while preserving institutional-grade privacy. > Current Super Validators: The existing super validator set reflects a cross section of institutional finance and Web3 infrastructure, including: - 5 North - 7Ridge @7RIDGE1 - Angelhack @AngelHack - BitGo @BitGo - Bitwave @BitwavePlatform - Blockdaemon @BlockdaemonHQ - Broadridge @Broadridge - Canton Foundation @CantonFdn - Chainlink @chainlinklabs - Circle @circle - CoinMetrics @coinmetrics - Copper @CopperHQ - Cumberland @CumberlandSays - Dfns @dfnsHQ - Digital Asset @digitalasset - DTCC @The_DTCC - Elliptic @elliptic - Figment @Figment_io - Hypernative @HypernativeLabs - IntellectEU @IntellectEU - Kaiko @KaikoData - Kiln @Kiln_finance - LayerZero @LayerZero_Core - Ledger @Ledger - Liberty City Ventures @LCVentures - Lukka Inc. @Lukka - MPCH - Obsidian Systems @obsidian_llc - Proof Group @proofgp - Quantsamp @Quantstamp - SBI digital asset holdings @SBI_DAH - Taurus @taurus_hq - Tradeweb @Tradeweb - TRM @trmlabs - Zerohash @zerohashx Note: This is not a retail validator set - it’s intentionally composed of entities already embedded in global financial infrastructure. How Super Validators differ from Validators: Super Validators: > They are responsible for: - Run the Global Synchronizer - Validating every Canton Coin ($CC) transfer - Running shared public utilities - Governing upgrades to core code and services - Acting as a trust-minimized message layer between private Cantons (without seeing private transaction data) Validators (Canton nodes at the edge): - Validate business logic inside a specific Canton - Execute smart contracts (written in Daml) - Can be private, permissioned, or institution specific - Do not operate the network-wide synchronization layer In short: Validators handle private execution. Super Validators handle public coordination. How one becomes a Super Validator > Unlike most L1s, Canton does not use staking or capital-based selection. > They are chosen based on: - Operational contribution - Infrastructure reliability - Ecosystem value > This avoids: - Validator centralization via capital - Misalignment with institutional incentives How this model differs from other L1s: > Most public L1s: - Secure the network through capital staking - Treat all validation as homogeneous - Optimize for openness over confidentiality > Canton: - Separates execution from coordination - Optimises for privacy - Uses a public network only where shared trust is required - Aligns governance with real-world financial operators Takeaway: Canton’s Super Validator model is not designed for maximal decentralization, it’s designed for credible neutrality in institutional finance. That enables: - Atomic settlement across institutions - Interoperability without data leakage - A public network institutions can actually use