On-chain Weekly Digest: Galaxy Digital, Multicoin, Jump Crypto plan $1B Solana treasury
Meebits launches MeebCo Upcycling Program Beta, $PENGU treasury strategy possibly backed by over 15 organizations...
On-Chain Overview
Recent institutional announcements around Solana treasury plans and the PENGU project signal a selective risk-on stance, whereas current capital rotation remains centered on ETH, while Meme coins continue to lose momentum.
DEX volume rose 4.55% to $128.81B while Ethereum DEX volume dropped 12.89%, with Hyperliquid leading in DEX revenue and the overall crypto market cap edging up 0.26% to $3.91T.
（Data accurate as of: Aug 25, 2025, 6:00 am, UTC）
Altcoin, Meme coin, NFT and RWA
Meme coin market cap edged up 1.42% despite a 9.99% drop in volume, while NFTs saw a stronger 4.95% cap increase but a sharper 22.64% decline in trading activity.
（Data accurate as of: Aug 25, 2025, 6:00 am, UTC）
Macro, Stocks & Commodities
Equities and gold dipped slightly, with Nasdaq down 1.31%, while macro indicators pointed risk-on—VIX fell 4.42%, yields dropped, and oil surged 2.49%.
（Data accurate as of: Aug 25, 2025, 6:00 am, UTC）
Key Events of the Week
DAT | Galaxy Digital, Multicoin, Jump Crypto plan $1B Solana treasury (25 Aug)
Crypto giants Galaxy, Multicoin and Jump are seeking to raise $1 billion for a Solana treasury, with Cantor Fitzgerald as their lead banker.
Launchpad | HeavenDEX gains traction on Solana with AMM + Launchpad Model (24 Aug)
HeavenDEX has rapidly gained traction on Solana by combining an AMM and launchpad with innovations like no bonding curve, anti-scam fees, and its “god flywheel” mechanism—driving $308M in volume, 35K token launches, 108K onboarded wallets, and $3.6M in $LIGHT buybacks.
NFT | Meebits launches MeebCo Upcycling Program Beta (18 Aug)
Meebits has kicked off its MeebCo Upcycling Program Beta—offering daily Meebit swaps via Meebits.app until Sept 7, prioritizing multi-Meebit-for-one trades to reduce floor supply and test its new trade interface, with community feedback shaping future improvements.
Prediction Market | Robinhood partners with Kalshi to launch NFL and college football prediction markets (20 Aug)
The new offering follows the success of Polymarket-style event trading, but with CFTC-regulated contracts in the U.S.
DAT | $PENGU treasury strategy possibly backed by over 15 organizations (25 Aug)
Over 15 organizations have approached @LucaNetz to shape $PENGU’s treasury strategy, with all committing a potential $25M–$100M.
NFT | Bitwise Blue-Chip NFT Index Fund took in a meaningful new subscriptionn recently (24 Aug)
Looking Ahead
WLFI | Trump’s World Liberty Financial Sets Sept. 1 Launch for WLFI Token Unlock (1 Sep)
WLFI will launch trading on Ethereum mainnet on Sept. 1 at 8:00 a.m. ET, with 20% of early investor tokens unlocked at TGE.
L1 | Plasma is launching a stablecoin Layer 1 mainnet beta (Sep)
Wrapping Up
From a market data perspective:
DEX volume rose 4.55% to $128.81B, while Ethereum DEX volume fell 12.89%, and meme/NFT market caps gained slightly despite declining volumes.
From a market events perspective:
Institutional treasury plans around Solana and $PENGU signal selective risk-on interest, but capital rotation remains centered on ETH.
