KAITO is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement.

The S&P 500 fell 0.43% amid Walmart’s weak outlook, with investors eyeing PMI and home sales data next. Gold rose 0.23% to $2,939 on safe-haven demand but retreated from a $2,954 high. Traders await S&P Global Flash PMIs. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.02%, with Bitcoin and Ether rising by 2.46% and 0.69%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is BERA, which surged nearly 15.8% after The Graph integrated Berachain Mainnet on day one, enabling seamless onchain data access.

Berachain (BERA), founded in 2021, is a Layer 1 blockchain with Proof-of-Liquidity consensus, ensuring security and liquidity while maintaining full Ethereum compatibility. The Graph has 

 support for the newly launched Berachain mainnet from day one. Developers can now query Berachain data using Subgraph Studio, making it easier to organize and access onchain data. This integration enables the creation of fast and efficient frontends for Berachain-powered dapps.

Check Out the Latest Prices, Charts, and Data of 

 is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement. The total supply is allocated as follows: 56.67% to community and ecosystem initiatives (including ecosystem growth, creator incentives, and liquidity rewards), 25% to core contributors, 10% to the foundation, and 8.3% to early backers. Distribution is merit-based, using AI-driven assessments of engagement, governance participation, and long-term alignment with Kaito’s vision. Staking provides rewards and voting rights, ensuring active participation. A claim process for KAITO will be announced soon.

Yesterday, BTC Spot ETFs recorded a net outflow of $252.8M, including $33.5M from GBTC and $219.3M from non-GBTC funds.

. With $43 million in funding, this presents a valuable opportunity. To maximize your points, complete the "Generate at least one transaction on Sahara Testnet" task by sending a small amount of SAHARA via Metamask. This earns 20 points, a significant amount compared to other tasks. Ensure you take full advantage of this opportunity.

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KAITO Powers the InfoFi Ecosystem with Governance Staking and Community Rewards

Kaito is an AI-powered information indexer specifically designed to deliver actionable insights for cryptocurrency traders and investors. Find out more now!

Within a year of its launch, Kaito has already established itself as a key player in the web3 industry. Its innovative approach combines artificial intelligence with publicly available crypto conversation data, creating a tool that can present an up-to-date picture of the events affecting the cryptocurrency space at any given time.

 is an AI-powered search engine specifically designed for the cryptocurrency space. It’s a premium service with a monthly subscription of $1,099. The platform indexes thousands of 

 sources that aren’t accessible through traditional search engines, and gathers data from Twitter, Discord, governance forums, research papers, news articles, podcasts and even conference transcripts. 

Kaito uses advanced AI algorithms and natural language processing to better understand context and gauge sentiment about topics. Its use of AI and an internal algorithm allows Kaito to filter out the noise, presenting a more accurate picture of community sentiment. 

. Before moving to web3, Hu worked in the traditional finance space for over eight years, including the management of a $500 million equities portfolio at Citadel. His aim with Kaito is to democratize web3 information by giving users access to tools and insights they need to navigate this ever-changing industry. 

Kaito has quickly attracted significant investment from major 

 in the industry. The project has already raised $10.8 million across two funding rounds.

The seed round in August 2023 was led by Dragonfly Capital, with participation from Sequoia Capital China, Jane Street and others, as Kaito secured $5.3 million. This was followed by a Series A round in June 2023, led by Superscrypt and Spartan, raising an additional $5.5 million with a valuation of $87.5 million. Other notable investors include Mirana Ventures, Folius Ventures and Alpha Lab Capital. 

Kaito offers a range of features designed to provide users with comprehensive and actionable insights. They include the following:

: Kaito’s platform uses a custom-built large language model (LLM) in combination with real-time data gathered from various sources to provide users with actionable insights on developments in the web3 space. 

:As a web3-native company, Kaito can analyze and understand the nuances of 

 and concepts. This gives it an edge when compared to Web 2.0 search engines that struggle to understand this space. 

: Kaito tracks market sentiment at various levels, including general market sentiment, sector-specific sentiment and sentiment toward specific tokens and projects, providing investors and traders with an important metric in assessing a project’s value.

Kaito uses a custom LLM to enhance its data processing capabilities. The platform aggregates data continuously from various sources, including social media, forums and news websites. This data is then processed using Kaito’s natural language processing capability to identify relevant information, extract key insights and analyze market sentiment. 

In addition, its platform uses a reputation system to give weightage to different posts based on the reputation of each poster. It also employs sophisticated algorithms to filter out spam and bots that often try to shape public opinion on social media platforms, especially on X. 

In December 2024, Kaito AI introduced two new elements to its ecosystem: 

 collection. Yaps is a scoring system that measures user contribution and engagement within the web3 community. Users earn 

 by creating valuable content, engaging with others in the crypto space and participating in discussions on 

. Kaito uses four main attributes in allotting these points:

The system also automatically filters out spam posts, making sure only real posters and useful posts can earn Yap points. While Kaito hasn’t officially confirmed a token airdrop associated with Yaps, the program allows participants to accumulate points that might play a role in future rewards, or initiatives within the Kaito AI ecosystem.

Participation in the Yaps program is completely free. Users just need to log in with their Crypto Twitter accounts and Kaito will start tracking their Yaps scores automatically. 

Genesis NFTis a limited-edition collection of 1,500 

 launched by Kaito AI. Priced at 0.1 ETH each, these NFTs have been minted in three phases:

As of Dec 26, 2024, NFTs in the collection are tradable on OpenSea, with a floor price of approximately 3.69 ETH. 

Kaito is a new and innovative service in the web3 space. Its use of AI to cut through the noise and fragmentation presents a great opportunity for the entire ecosystem. Kaito’s 

 suggests that it’s likely to roll out new features and/or services in the future. While the high subscription fee may be an obstacle for large-scale adoption, Kaito is still likely to become an important tool in the hands of institutions and 

 Perpetual Contract with up to 75x leverage now!

Intermediate

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Kaito: AI-Powered Web3 Information Platform

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, as well as futures, options and perpetual contracts.

With fewer macroeconomic releases in early 2025, the crypto market has experienced lower volatility and stagnant spot prices. This has led to decreased implied volatility in derivatives, a steepening term structure and stable open interest. 

However, ETH options still anticipate continued price volatility. Historically, such sideways movements have seen altcoins underperform, reflected in disappointing funding rates in the derivatives market.

Please check out the report’s highlights.

Without clear narratives or volatile spot price movements, open interest in perpetual swap contracts has remained flat over the past two weeks, with trade volumes also subdued in this low-volatility environment. Notably, SOL's perpetual positioning hasn’t significantly changed, even with its spot price 35% below its all-time high from late January.

On February 17, ETH’s spot price surged 6%, contrasting with the sideways movement of other crypto assets, but those gains were nearly reversed within 24 hours. This led to higher realized volatility in derivatives, and a flatter term structure as compared to BTC. Traders continue to assign a premium to short-dated ETH options, whose volatility has been higher than that of BTC for some time. Additionally, ETH option trade volumes have spiked, with calls reaching $0.25 billion on Feb 15, 2025.

Since reaching its all-time high in late January 2025, Solana's spot price has declined, leading to muted options markets with low activity in both calls and puts. Open interest is balanced between upside and downside, and is primarily focused on longer-dated positions, reflecting a lack of interest in short-term trades amidst disappointing spot market activity.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 19, 2025): Crypto Remains Silent as ETH Sees Volatility

Across Protocol (ACX) enables seamless, low-cost cross-chain transfers with intent-based transactions, enhancing DeFi accessibility and security.

Transferring crypto assets from one blockchain network to another is still cumbersome, costly and inconvenient for many users, particularly those without a deep technical understanding of the technology. Numerous 

 solutions have emerged to facilitate the process, but the costs and complexity of crypto transfers are still an issue limiting the adoption of cross-chain 

Across Protocol (ACX) is a blockchain project that aims to tackle this problem by offering highly efficient, low-cost and secure cross-chain transactions based on intent technology. 

Intents — transaction requests with prespecified conditions — have seen rapid adoption in the blockchain industry. Across Protocol has focused its service offerings on using this promising technology. Begun in 2021 as a solution to facilitate token transfers between 

 networks linked to the blockchain, the protocol has evolved through two major version upgrades into a modular cross-chain solution that DApp operators can easily integrate into their platforms.

The protocol’s latest iteration, Across V3, features a modular settlement layer that 

 (DeFi) platforms can leverage to offer their users seamless, intent-based cross-chain swaps and asset transfers, all without leaving the user app’s native interface.

 (ACX) is an intent-based, modular web3 solution that offers cross-chain crypto transfers and swaps.

 Using the protocol, DApp operators can integrate Across into their own solutions to let their end users conduct intent-based cross-chain operations.

Across is not a newcomer to the blockchain scene — the project was launched in late 2021 and might be considered one of the first, if not the first, decentralized protocols specializing in intent-based cross-chain transactions. The original protocol, now known as Across V1, was primarily limited to enabling direct asset transfers between Ethereum and Layer 2 chains connected to the world's largest 

In June 2022, the protocol underwent its first significant upgrade with the introduction of Across V2. This upgrade improved the overall efficiency of the platform and introduced new functions. The major difference between V1 and V2 was that the latter could facilitate further intent-based transactions after the transfer of assets from the origin chain to the destination network. In contrast, Across V1 was limited to simple asset bridging between chains.

However, the protocol's most significant upgrade arrived in the form of Across V3, announced in February 2024, which introduced asset swap functionality and architectural modularity, allowing Across to act as a pluggable solution for various DeFi applications. Across V3 also simplified the calculation of fees for cross-chain operations. With Across V3, DApps of various kinds — primarily in the DeFi niche — can easily integrate intent-based cross-chain asset transfers, swaps and liquidity solutions into their own platforms. The protocol provides a set of APIs for developers for such integration.

The best part is that users of these DApps don't need to leave the platforms' native interfaces to execute the cross-chain operations. All of the activities supported by Across Protocol are carried out via the client's DApp interface. This is in stark contrast to the typical cross-chain experience for many web3 users, as they need to use multiple interfaces — e.g., one provided by an asset bridging solution and another at the destination app they use — to carry out their desired crypto operations.

Transactions executed by the protocol are based on user intents. Intents are conditional requests from users to perform some action, e.g., a token swap from ETH to USDT, if specific requirements are met, e.g., the swap rate is no lower than a certain value of ETH. In reality, many intents are executable transactions in the form of 

. Intent-based transactions have recently become popular in the crypto industry, due to benefits such as the limit on swap rates, a no-slippage fee model and other conditions that perfectly fit users' intended outcomes.

User intents are passed to Across's decentralized network or relayers, also known as solvers or fillers, which look for the best on-chain sources to satisfy the requests. Relayers compete with each other to offer the best solution to the user's stated outcome. The relayer that provides the best outcome earns the right to execute the transaction. This competitive relayer landscape allows end users to access the best possible rates for their cross-chain transfers and swaps.

Across Protocol locks user funds allocated for a transaction in an escrow pool instead of immediately transferring them to the winning relayer's custody, providing enhanced security to users. Relayers are responsible for providing the necessary funds to carry out the transaction on their own without having access to the user funds in escrow. When a relayer successfully executes an intent, they’re repaid from the liquidity pool holding the escrowed assets. To optimize 

, repayments to relayers are bundled and transferred in batches.

At the architectural level, Across is a modular system with three main layers — intent, relayer and settlement.

The intent layer is the component that handles user intents and their deposits at the origin chain. Then, the relayer hosts the network of relayer nodes and handles functions related to their activity — provision of capital to execute user intents, competitive bidding and the execution of intents.

The settlement layer is where the finalization of the transaction flow occurs, with relayers repaid in bundles and transactions settled on the destination chain. Verification of transactions uses an optimistic oracle that’s provided by the 

, a protocol specializing in blockchain oracle services.

Across Bridge is a cross-chain token bridge designed for efficient, low-cost and secure asset transfers. It provides an easy-to-use interface for users to move tokens seamlessly between different decentralized networks. To start using the bridge, you’ll need to connect a supported wallet. As of early February 2025, the bridge supports four popular wallet types — 

, Coinbase Wallet, Phantom and the group of wallets compatible with the WalletConnect framework. Currently supported networks for transfers include the Ethereum mainnet, 

 (POL) and zkSync Era. Transfers from the origin chain to the destination chain typically take only a few seconds to confirm.

Across+ is a bridge abstraction solution that utilizes cross-chain hooks to bundle multiple actions into one user transaction. In plain terms, it simply means that you can bridge assets to a protocol or DApp on the destination chain and carry out further actions (such as contributing liquidity) with a single transaction. For end users, this helps abstract the fact that the assets used for a crypto operation have been initially moved in from a different network. The cross-chain hooks let end-users carry out these transactions with a single instruction/signature, although under the hood, multiple actions are performed at the smart contract level.

Across+ boasts an extensive cross-chain reach. It currently supports 17 networks, including Ethereum and a wide range of Ethereum-linked Layer 2 chains.

Earlier, we noted that Across Protocol moved to a modular design with the launch of its V3 in early 2024. This shift to modularity has created opportunities for DApps and external protocols to use the platform’s settlement layer as a pluggable standalone product to provide efficient settlement for intent-based cross-chain transactions. Using Across Settlement, DApps can extend their functionality into intent-based liquidity operations, swaps and transfers. Across Settlement supports the same 17 decentralized networks that can be utilized with Across+.

In November 2022, Across Protocol launched its native token, ACX. The token is primarily used for 

, and holders can vote on various proposals related to the protocol's rules, future direction, treasury spending and native token emission. ACX holders exercise their governance function through membership in the Across DAO.

Holders of the token represent one component of the protocol’s governance model. The other two key parties involved are the Across Council and Committees, made up of specific subject matter experts. While all ACX token holders are entitled to vote on proposals, only those who hold at least 50,000 ACX (around $16,000) can submit proposals considered for voting.

ACX is a supply-capped asset, with a total and maximum supply of 1 billion. The token’s allocation shares are as follows:

 as a Perpetual contract with USDT. Under the terms of the contract, you can trade ACX with up to 50x leverage. The contract is available to traders in Bybit’s derivatives products, such as 

As of Feb 20, 2025, the ACX token is trading at $0.3257, which is 80.7% lower than its ATH of $1.69 on Dec 6, 2024, and 846.3% higher than its ATL of $0.03441 on Jun 1, 2023.

Long-term price forecasts for ACX are mostly bullish.DigitalCoinPrice 

 an average rate of $1.17 in 2027 and $1.78 in 2030, whileCoinCodex 

 the token to trade at around $0.34 in 2027 and rise to $1.12 in 2030.

The inefficient and often costly process of moving assets from one chain to another continues to hamper the adoption of DApps among crypto users. By enabling cross-chain intent-based functionality, Across Protocol seeks to provide DApps and their end users with a truly single-chain experience, where crypto operations across different networks can be handled from the same user interface.

Moreover, some of the protocol's key features — intent-based transaction execution, the competitive nature of the relayers' work and the batching of relayer repayments — contribute to lowering the costs of transfers and other crypto operations. Furthermore, the escrow system that the protocol employs protects users from malicious relayers, contributing to a stronger security profile for its platform. 

Minimal costs and tight security while carrying out your cross-chain crypto operations from a single DApp interface — these features aren't easy to come by all in one solution! 

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Across (ACX): An Intents-Driven Solution for Cross-Chain Transfers

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Polyhedra Network is a blockchain protocol that provides scalable interoperability. Learn more about how it works in this article.

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 networks, it's necessary to design a framework that supports cross-chain asset transfer no matter how many users are present. The Polyhedra Network hopes to provide this service to other networks. By combining 

 and highly efficient interoperability solutions, Polyhedra Network claims to create a scalable cross-chain system. To see how this unusual design works, explore this guide to the Polyhedra Network and its crypto tokens.

 is a blockchain protocol that provides scalable 

. Other networks and decentralized applications (

) can use the Polyhedra technology to handle large numbers of cross-chain asset transfers in an efficient and affordable manner.

Polyhedra Network is a Singapore-based company that was launched in 2022. It was founded by Tiancheng Xie and James Zhang. Xie has a background in cryptography and algorithms, while Zhang previously worked at Meta and Alibaba Cloud. The team also contains engineers and developers from Stanford University, University of California, Berkeley and Tsinghua University.

Polyhedra Network’s founders met while studying zero-knowledge proofs (ZKPs) in their doctoral programs and decided to create a company based on ZK interoperability. Their mission — to create a company capable of providing zero-knowledge technology — has proved very popular, with the company raising 

 from Binance Labs, Animoca Brands and other investors.

Polyhedra Network Changes Ticker From ZK to ZKJ

On May 30, 2024, Polyhedra Network announced that it has opted to change its ticker from "ZK" to "ZKJ" following a dispute with zkSync. The new ticker, standing for "ZK Join," represents a call for unity within the zero-knowledge community. This decision coincides with a broader appeal from Polyhedra and its allies, including notable figures from Polygon and StarkWare, urging that the "ZK" designation should be considered a communal resource rather than a corporate trademark. The controversy escalated when zkSync attempted to claim the "ZK" ticker for its upcoming token launch, leading to significant community backlash and discussions about the ethos of web3 values.

What Does Polyhedra Network Aim to Achieve?

A major problem for various blockchain systems right now is their inability to handle large numbers of customers. Often, chains that provide a secure and decentralized network can’t easily manage a large volume of transactions without compromising user privacy. The founders of Polyhedra Network use cryptographic proof generation to process transactions quickly and affordably without having to sacrifice data-sharing security.

While searching for scaling solutions, Polyhedra Network's developers also realized there was a need for data interoperability. Right now, users often struggle with finding compatible products. Polyhedra Network plans to address this issue with its interoperability protocols. By creating a framework through which vastly different blockchains can pass information back and forth, it hopes to create a system whose applications are compatible with several different systems.

The core of Polyhedra Network is the zero-knowledge proof. Zero-knowledge proofs are a type of cryptographic method for verifying credentials and confirming transactions. They allow a sender to transmit proof that a state transition occurred, without requiring them to provide any other information or rely on external assumptions. Polyhedra Network uses a type of advanced zero-knowledge proof called zkSNARKs that requires no interaction between the prover and verifier, so it’s especially secure and private.

Using the concept of the advanced zero-knowledge proof, Polyhedra Network turns it into the zkBridge, a scalability solution that uses a custom set of ZK interoperability protocols to transmit information between blockchains while also accelerating transactions. Data transfer and message passing on the zkBridge begin with a block header relay network that transmits the evidence of a state transition on a sender chain. The zkBridge then generates a zero-knowledge proof to generate block headers and bundle information into a more efficient design. The more compact transaction proof is then passed to the receiver chain, resulting in an interoperable and scalable system.

Polyhedra's block header relay network and next-generation zkSNARK protocols provide various helpful services. Following are the main features people can access on Polyhedra Network.

The zkBridge token feature simplifies asset transfer between blockchain systems, allowing users to 

 between ten different blockchains. In addition to maintaining a decentralized identity across multiple chains, the token bridge also provides asset security and helps to reduce slippage.

The Polyhedra NFT bridge provides a secure way of transferring valuable 

. Multiple NFTs can be placed in one NFT container and transferred simultaneously. This eliminates the need for external assumptions and lowers NFT verification costs.

This feature makes message passing a lot easier. The interface is as easy to use as a standard email service provider, but your data is fully protected by 

, people can maintain a decentralized identity while still quickly communicating with each other.

Polyhedra has many applications for gamers. Its system is ideal for developers looking for ways to run projects affordably and easily. People who build on Polyhedra Network have access to the best features of various blockchains, and can be confident that the system won't lag if there are a lot of players.

The zkLightClient technology helps Polyhedra create a suite of developer tools. People interested in designing applications can use its extensive tooling to build cross-chain products that run on the Polyhedra LayerZero system.

Polyhedra Network started by designing large-scale ZKP systems that could efficiently prove many different transactions. It has successfully launched the 

 that helps to make its zkBridge protocol more efficient. Polyhedra Network currently supports a variety of sender and receiver chain options, including 

Now that it’s refined proof generation, Polyhedra Network plans to focus more on cross-chain interoperability, planning to add more chains to the system and expand it beyond cross-chain messaging and NFT transfers. In the long run, Polyhedra Network aims to find more efficient ways of verifying credentials without compromising user privacy. There is no defined road map, but the team has discussed plans to improve user interfaces and offer more features to blockchain users.

The ZKJ token (previously known as the ZK token) is named after Polyhedra Network's commitment to zero-knowledge technology, and helps to smoothly manage asset transfers between blockchain networks. With a 

 and a current circulating supply of 91 million, Polyhedra Network plans to distribute its ZKJ tokens in the following manner:

Since its airdrop in mid-March 2024, the ZKJ token’s price has fluctuated considerably. Its price reached an all-time high of $4.01 before steadily falling. Its current price is $1.11 (as of Jun 11, 2024). After examining past pricing data, DigitalCoinPrice concludes that the 

 $2.43 by the end of 2024, $5.06 by 2027 and $8.26 by 2030.

Some analysts have also pointed out how impressive Polyhedra's large scale ZKP systems are, suggesting that the need for highly efficient interoperability solutions will drive ZKJ’s price higher. 

Looking to trade Polyhedra Network tokens? Bybit now offers the ZKJ/USDT Spot trading pair. To get started, you’ll first need to 

, fund it with cryptocurrency and navigate to the 

The Polyhedra Network is backed by some promising technological concepts. The fact that it supports cross-chain asset transfer while also using next-generation zkSNARK protocols to improve scalability could make it highly useful for various blockchain systems. Therefore, it's a useful investment for those interested in innovative ZKP-based offerings.

However, there are quite a few other projects working on data interoperability and efficient data-sharing right now. Polyhedra Network is only likely to stand out from the competition if it can lower its fees and attract more users. Furthermore, the ZKJ crypto launch has included some uncertainty and volatility. This might provide some great opportunities for traders, but it can also lead to higher risks. Common wisdom dictates that you invest in it only if you’re willing to 

 beforehand, and have enough money to bankroll riskier investments.

Polyhedra Network's ability to provide next-generation cross-chain interoperability is exciting. The zkBridge protocol could make it much easier for blockchain systems to pass information back and forth in a timely manner. However, Polyhedra Network still needs to fine-tune its fee system and add more networks to its protocol. Only time will tell whether its innovative ZKP-based offerings will lead to impressive crypto returns.

Polyhedra Network (ZKJ): zk-Proof Innovations to Advance Web3

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