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Chainalysis is extending its support for the XRP Ledger and the new coverage goes beyond the native token. Customers now get more ways to follow token activity and check transactions. With Chainalysis adding this extended support, users now have stronger ways to interact with one of the most active blockchains in the market.

Chainalysis Expands Coverage For XRP Ledger

In its announcement, Chainalysis explained that automatic token support now includes fungible tokens such as IOUs, non-fungible tokens under the XLS-20 standard, and multi-purpose tokens, also known as MPTs. MPTs operate like Ethereum’s well-known ERC-1155 tokens. The update means many different kinds of assets on the XRP Ledger are now covered.

The company also shared that more than 260,000 tokens are already supported. As developers create more tokens on the blockchain, the total number increases daily, showing the steady activity and expansion of the XRP Ledger.

Chainalysis added that customers can now use its KYT (Know Your Transaction) service to monitor these tokens. KYT gives real-time alerts, continuous tracking, and compliance checks. Chainalysis KYT now keeps a close eye on a wide range of XRP Ledger assets, making activity on the network easier to monitor and safer to engage with.

Stronger Tools For Compliance And Investigations

Chainalysis also highlights that its expansion links directly to the company’s main investigative products. The extended coverage is now available through Reactor, the platform designed for in-depth transaction reviews and its entity screening services. 

Customers can now use the Chainalysis Reactor tool and entity screening products with XRPL tokens. They can visualize transactions in detail and act quickly if they notice risks. Customers can now track token flows, see how money moves, and identify signs of suspicious activity. 

Chainalysis noted that the XRP Ledger is well-known for facilitating fast and low-cost cross-border transactions, making it one of the most trusted blockchains today. The network has handled more than 3.3 billion transactions across over 90 million blocks. 

Its native token remains among the top digital assets by market value and is supported by a large global community. The Ledger itself continues to show strong performance. Nearly 200 validators worldwide support it, which are independent nodes that confirm transactions, with Ripple named as a key contributor. 

The Chainalysis update will make oversight on the XRP Ledger easier at a time when the number of tokens is skyrocketing. Customers can now use its Reactor tool to check XRPL tokens, follow how funds move, and help keep the network secure.

With the latest support from Chainalysis, the ledger becomes even more transparent, and customers now have safer and stronger ways to follow the growing number of tokens that developers are adding to the blockchain. 

Featured image from DALL.E, chart from TradingView.com

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Daily turnover averaged $15.93 billion, keeping pace with the seven-day total of $107 billion and indicating a sustained rise rather than a short-term spike.

If sustained, the current monthly rate would annualize to over $6 trillion in trading volume, more than double 2024’s average.

Activity is increasingly concentrated. PancakeSwap handled over $67.3 billion of the seven-day volume, ahead of Uniswap’s $28.1 billion. The two DEXs accounted for over 89% of all weekly flow. This level of centralisation represents the highest seen in at least six months.

PancakeSwap alone captured 62.8% of all volume, boosted by high throughput and low fees on BNB Smart Chain. Uniswap, though still the primary DEX on Ethereum and Layer 2s, was left with just over a quarter of the total market at 26.3%.

The platform gap has widened not only in share but also in order flow velocity. Over the last 24 hours alone, PancakeSwap cleared $10.3 billion in trades, more than double Uniswap’s $4.3 billion.

Smaller platforms like Aerodrome ($513 million), Fluid ($232 million), and Curve ($159 million) follow at a significant distance, contributing modest slices of the overall flow. Collectively, the bottom 140-plus DEXs account for less than 10% of volume (roughly $10 billion) despite their sheer number.

Ethereum’s portion of EVM-based DEX volume shrank to 13.3% over the past seven days. This drop is consistent with a long-standing trend of users migrating to cheaper, faster chains like BNB Smart Chain and Polygon.

While Ethereum remains dominant for blue-chip DeFi applications, it is increasingly peripheral in day-to-day swap flow, especially during periods of elevated gas fees. This shift may be reinforced further by persistent congestion on L1 and the delayed rollout of Uniswap v4, which promises to introduce hooks, intents, and enhanced customisation features across chains.

The growth in DEX activity isn’t limited to transaction value. According to the latest data from Dune, the total number of unique trading addresses now exceeds 204.2 million. However, this headline figure includes address-level duplication and automation.

Most trading still takes place through a small subset of users, often deploying a wide array of wallets for routing or arbitrage. As a result, the user base remains narrower than the raw address count might imply.

The current composition of DEX activity carries both market and technical implications. From a liquidity standpoint, the overreliance on two venues raises questions about resilience, diversity, and potential vendor risk.

On PancakeSwap, for instance, a disruption in BNB Smart Chain infrastructure could immediately affect the majority of active trades. For Ethereum-native DeFi, the sharp decline in swap activity may place further stress on protocol revenues, token incentives, and fee capture mechanisms that rely on usage to remain solvent.

Mid-tier exchanges like Aerodrome and Fluid often offer an interesting glimpse into what drives the DeFi ecosystem. Both operate on emerging or incentivized chains, usually supported by aggressive liquidity mining campaigns or cross-chain arbitrage routes.

Although relatively small, these platforms can temporarily spike in volume depending on token launches, farming yields, or cross-bridge flows. Still, their sustainability remains in question, particularly given the cost structures of maintaining competitive spreads with limited depth.

Address growth across DEXs remains exponential, but quality and engagement metrics lag. Many wallets show minimal activity, suggesting either dormant holders or disposable addresses used for airdrop farming.

Filtering for repeat activity reveals a user base that is smaller and more experienced than the top-line number suggests. A tight cohort of advanced actors deploy most of the current liquidity in multi-platform arbitrage, stablecoin routing, and L2–L1 migration flows.

From a macro standpoint, DEX growth is being driven by three structural shifts: enhanced UI/UX and onboarding via wallets and aggregators; the declining risk premium associated with self-custody; and the expansion of fast, low-cost L1s and L2s that can support real-time swaps with negligible gas overhead.

The absence of KYC requirements and the reduced friction of connecting to multiple pools through routers have also contributed to an environment where decentralized liquidity can rival centralized execution in speed and efficiency.

The coming months will likely determine whether PancakeSwap’s dominance is temporary or entrenched. Uniswap v4, set to introduce hooks and chain abstraction features, could reassert Uniswap’s position as the default swap venue across EVMs.

If successful, this could rebalance flows toward Ethereum and its roll-ups. For now, however, the centre of gravity in DEX trading has shifted firmly toward BNB Smart Chain, where execution is cheap, finality is fast, and liquidity providers remain well-incentivized.

Ultimately, decentralized exchanges have reached a critical threshold in both scale and structure. The current pace of $500 billion in monthly turnover puts them on a trajectory to surpass some major traditional trading venues in adjusted volume.

Whether that growth sustains will depend on two key factors: whether Ethereum can reclaim its role as the execution layer for trustless finance, and whether platform-level competition can expand beyond today’s duopoly.

The post PancakeSwap extends lead as monthly DEX volume tops $500B appeared first on CryptoSlate.

Auradine Inc., a US-based Bitcoin miner manufacturer, announced today that it will announce its expanded portfolio of mining products at the Bitcoin 2025 conference in Las Vegas.

“Our goal is to democratize access to Bitcoin mining and enable innovative integration,” said CEO and co-founder of Auradine Rajiv Khemani. “Whether you’re running a megawatt container or building a small form factor heater miter miter for your home, it will help you succeed by providing tips, systems and support. This new chapter is about providing efficient innovation, expansion and operations to miners.”

The new ASIC offering, designed for both industrial and small deployments, supports customizable form factors and is already adopted by operators such as Mara Holdings, Futurebit, and Deep South Operating. Along the chip, Auragin continues to produce a wide range of mining rigs to support a variety of deployment needs.

“Aurazine’s ability to provide both high-performance chips and scalable infrastructure is consistent with Mala’s mission to stay at the forefront of Bitcoin mining,” said Mala Holdings Chief Technology Officer Ashu Swami. “We are pleased with our partnership with Aurazine with our cutting-edge engineering capabilities and innovation.”

Auradine’s modular 1 MW container units were developed in collaboration with Fog Hashing and Fbox and are designed to accommodate 100-200 miners each. Merkle Standard, the first to deploy the system, reported increased energy efficiency and operational flexibility.

“We were the first to deploy Aurazine container solutions and quickly exceeded our expectations,” said the COO of Merkle Standard Monty Stahl. “The combination of performance, energy efficiency and modular design gives you the flexibility to expand operations faster and smarter than traditional infrastructures allow. This is a kind of innovation that mining has long required.”

The recent $153 million Series C funding provides flexible mining infrastructure and supports the push to supply ASIC chips for third-party integration. The company also plans to extend its hardware expertise to AI and network through its Auralinks initiative.

“We were one of the first to try out Aurazine’s ASIC chips and were immediately impressed with the support and customizations our team provided,” added LLC Brock Tompkins, CEO of Deep South Operating. “It helps miners like us to be scalable and efficient while raising the standard for what decentralized mining looks like.”

The Bitcoin Conference in Las Vegas, scheduled for the final week of May, includes several notable politicians scheduled to be guest and speakers, including Bitcoin advocate Sen. Cynthia Ramis (R-WY). It also features Trump’s so-called “AI and Crypto Czar,” David Sacks, and “Executive Director of the White House’s Presidential Advisory Council of Digital Assets.”

This year, you can see the spotlight on the stage straight, even if the less standard, almost other world contingent people, at least not even appear in the audience. Like a fire from the sky, an unexpected $3,000 Bitcoin donation that didn’t ask for crashing in Roswell, New Mexico earlier this year will again rob the US Congress itself, clearly (following President Donald Trump’s orders), or whether the U.S. Congress itself will once again rob the city level or not, whether it will respond to a history call to the city level or otherwise, the first strategic Bitcoin reserve.

There are a few things you might not expect in Roswell – one of the world’s most famous dairy agriculture and one of the world’s largest mozzarella cheese factories. The aerospace and aviation industry, featuring the famous “Aircraft Cemetery,” which once housed Elvis Presley’s personal small plane, “Hound Dog II,” for 35 years. Vibrant arts, museums and cultural scenes – also a thriving tourism industry built around what Roswell is Really Known: Flying saucer.

However, Roswell is truly known all over the world for his 1947 UFO Incident. In early July 1947, a one-time flight-purpose object of perhaps unknown origin crashed and destroyed, landed in Corona near New Mexico, later recovered, 509th in the Roswell Army Air Field, brought to a WWII military base, with the only US nuclear bomb serving any service.

There are suspicions of the recovered craft and its pilots and passengers – reports of strangely formed bodies persist, but speculation about whether it is still an extraterrestrial place or the result of a US military experiment is still furious.

At the time, the local newspaper, Roswell Daily Records, has been owned by the family since 1891 and is still in print today, but reported headlines that can be seen all over the world.

RAAF captures flying saucers at a ranch in the Roswell area

Readers now know that daily records continued with retraction, and recited the military’s revised claim that the crashed vehicle was “just” a high altitude weather balloon. Donald Burleson, a former professor of mathematics in Eastern Rothwell of Cryptocurrency, revealed a 21st century exam of zoom-in photos from a 1947 “Flying Saucer” staged press conference. Burleson is also a published author, and for 25 years he wrote “Looking,” one of Daily Record’s recurring columns at UFOS.

The city of Roswell hosts the International UFO Museum and Research Centre, which opened in 1992 and attracted over 220,000 visitors a year, executive director Karenjara Miro told The Associated Press in a 2023 interview marking the museum’s five million visitors. Roswell also hosts its annual UFO Festival. This, according to the city’s website in 2023, “had a direct financial impact of $510,205 on Roswell…”

Strange people in strange land

Roswell generally has newspapers that are odd today, including myself. Nashville’s port with a strange missionary call, last year, records took me as their in-house evening copy editor – desks, landlines, sick pay, and everything…it’s kind of surreal. (The desk is said to be from the Army Air Base in World War II. And a chair? On the third day, I brought it myself.)

From Jermaine until today, I also own Bitcoin certification and have been orange people for years. The newspaper ultimately allowed me to contribute to my second call, through my contribution as a writer, to contribute to the record through the Sunday column I began writing about Bitcoin. We are honored to have been featured just aggressively to record the entire “story arc” of President Trump’s first term anti-Bitcoin hostility, as well as the 2024 reversal in the October 2024 opinion column and Trump’s unexpected “not selling Bitcoin.” Campaign at the 2024 Nashville Bitcoin Conference. In “World War I Bitcoin,” we discussed the strategic races that are occurring among multiple countries currently competing to accumulate and min “all the remaining bitcoins.”

And through that, I didn’t even fire. still. But I was in the Bitcoin news industry, looking at the trends and proposed Roswell’s strategic Bitcoin reserve in January. Because the city received $3,000 in Bitcoin donations from an anonymous out-of-state reader of a newspaper column. Whether government “approval” or the recognition of the Bitcoin media industry, I have confirmed blockchain transactions since January 3, 2025. period.

Who manages and manages it because they are still holding onto it, but asks the others, “Are we bitcoiners?”

But OK, this idea is being contemplated by the councilman who gave me the time because I want to give me a donation to the city and want to ask for personal and corporate sponsorship from there (so that I don’t create new city expenses or taxes). We are struggling and are honest.

Of course, the city council can be tough nuts, of course, but Bitcoin is a new and stump for many, but Roswell City Attorney Hess Intema recently kindly responded to me in a bid to accept the gift of Bitcoin. Bitcoin included.

Perhaps to aid the decision-making process, Bitcoin Magazine has extended the invitation to all 10 members of the Roswell City Council, and Mayor Timothy Jennings has invited the council to participate in the event, whether or not the council approves custody and management of the city-owned Bitcoin Reserve. Mayor Jennings’s office politely replied that he could not attend those dates, but at least the other councillor Christina Arnold promised to “think about it.” Councilman Ed Heldenbrand and city attorney Hess Intema are excited to be taking Roswell’s next step along with Arnold.

The Roswell City Council then met on Thursday, May 8th at 6pm Mountain time, with the meeting being livestreamed via YouTube and whether the topic of the proposed donation will be discussed remains unclear in reporting times. But before this meeting, one of the city’s finance committees scheduled a meeting with me and Hess this week to discuss the “steps to accept Bitcoin.”

“…It remains a rich state to try and frontrunn the market to secure New Mexico,” state Sen. Antony Thornton (R-NM, Dist. 19) announced Strategic Preparation Bill, SB 275, at a recent legislative meeting. The bill “represented narrowly” in 5-4, Thornton later said.

This week, Thornton responded to me in detail for further comment on the Bitcoin Reserve. value.

“However, the rarity of Bitcoin and its digital mobility could become one asset used worldwide as the best place to store long-term capital. ”

It’s not at all surprising that Roswell residents are among the first in the nation to respond to the Bitcoin siren song.

Roswellians are used to being used to random new technologies of mystical origins that emerge from the sky and disrupt all social order, industries and established financial infrastructure, but there may be unfair advantages over others in “gracking” Bitcoin, as these “incidents” are already part of the collective mind.

Readers who want to learn more about Bitcoin may find themselves creepyly drawn to Las Vegas this May to join additional events throughout the week, in addition to the two-day conference lineup for the Las Vegas Bitcoin Conference 2025.

Disclosure: Both authors hold Bitcoin as a savings asset, do not believe in aliens, and have failed to hold Roswell’s public office three times. Therefore, this content may contain unintended financial and/or political biases related to the subject and is the opinion of the author.

This is a guest post by Guy Malone. The opinions expressed are entirely unique and do not necessarily reflect the opinions of BTC Inc or Bitcoin Magazine.