Arena Blog

TAO copies Bitcoin's supply plan: 21 million, halvings, 3,600 new coins a day. That puts it where Bitcoin stood in August 2013, with 11 percent new supply a year. What Bittensor does, who uses it, how fast the supply really grows, and what a software update added in September.

Every AI agent launched on Virtuals trades against VIRTUAL, which is the core of the case for the token. On-chain, the agent pools hold 22.75 million VIRTUAL, about 2.3 percent of the supply. What Virtuals does, who uses it, how much of the token the agents tie up, and what the price has followed instead.

BNB pays for transactions on BNB Chain and buys discounts at Binance. What the chain does, who uses it, how the burn really works, and why the token moved with news about the exchange, not with the chain's growth.

Count in units of the asset, not in dollars: holding 1 coin always leaves you 1 coin. A 2x long gets closer to 2 the higher the price climbs, but never reaches it, and a halving takes everything. That holds for every asset. Since 2017, a 2x long would have been liquidated within a year after one in three entry days for Bitcoin and almost one in two for Ether.

At its peak, EigenLayer held $22 billion. Of the $209 million in rewards paid to restakers since 2024, 99.6 % were newly issued EIGEN tokens. What EigenLayer does, who uses it, who paid the yield, and what happened when the issuance slowed.

NEAR lost four in five active users on its own chain in a year, yet had its best month ever in September 2026. What the chain does, why the money now comes from swaps between other chains, and how much of it actually reaches the token.

Dogecoin pays its miners $1.3 million a day in new coins while its users pay under $1,000 in fees. What the chain does, who uses it, why Litecoin miners earn more from Dogecoin than from Litecoin, and what that means for holders.

Monero hides sender, receiver and amount in every payment. What the chain does, who uses it, where it still trades, how its perpetual emission compares with Bitcoin's, and why XMR moved against Bitcoin in 2024 and 2025 but with it in 2026.

In nine days of September 2026 QNT went from 63 to as much as 373 dollars, right after US and UK banks picked Quant's software. What Quant does, how company, technology and token differ, and what supply and blockchain show about the token.

Ripple sells banks software and its own stablecoin. What the XRP Ledger is used for, ten popular claims checked against the data, and why nearly all of XRP's gain since 2018 came in one month.

Tron carries more USDT than Ethereum, yet holds six cents of DeFi per stablecoin dollar. What the chain is, who uses it and why, and what its growth has done for the TRX token, with monthly returns since 2018.

Why doesn't Bitcoin just get faster? Because speed costs something else. The blockchain trilemma, the ways around it, and the one number to watch for Bitcoin, Ethereum and Solana.