A clear breakdown of how the Multichain surge improved stablecoins, real world assets, and consumer crypto in 2025.


XRP deposits to Binance hit 21.7M tokens daily, 663% above the quarterly baseline. Yet reserves rose just 0.22%, suggesting rotation rather than selling.

Circle's Digital Asset-Backed Borrowing lets institutions post cirBTC on Morpho to borrow USDC, with rates set by the lending market.

North Korea's WaterPlum stole at least $10.7M posing as crypto recruiters, infecting 30,000+ devices in 100+ countries, a four-country advisory said.
We asked blockchains live on Dune to recount their 2025: the metrics that mattered, the ecosystem projects that truly moved the needle, and first-hand perspectives from core contributors. Here’s what the data revealed. dune.com/2025-multichai…