# Chainbase Newsletter: April–June 2026

**Published by:** [Chainbase Network - Blog](https://blog.chainbase.com/)
**Published on:** 2026-07-14
**URL:** https://blog.chainbase.com/chainbase-newsletter-april-june-2026

## Content

1. Key Information Reporting Period: April 1 – June 30, 2026 Theme: Building for the Agent Era Top Highlights: Launched AgentKey, our first product built for AI agents, extending Chainbase from serving developers to serving the agent economy. Made the core data platform agent-native, so agents can autonomously discover, query, and pay for data across 90+ real-time chains. Grew the validator business to 15+ networks, with Espresso mainnet live and 99.9% uptime. Expanded $C's global access with new listings on Bitvavo (Europe) and BitKub (Thailand). 2. Letter from Management To our token holders and community, When you hold $C, you're holding a company. Not a ticker, and not a bet on one quarter's price. You're holding our data business and the real work behind it, our read on where this industry is going, and the team and culture deciding what we build next. I want to use this letter to speak to that, because those are the things that actually compound over time. Let me start with what hasn't changed. At our core, Chainbase is a data company with a real business. For years we've operated the data infrastructure that developers and applications depend on, and that work continues quietly underneath everything else we do. It's the ground we stand on. It's also what lets us make bold moves in a hard market instead of playing defense: you can only reach for what's next when the base beneath you is solid. Now let me tell you what we've been seeing. Since late last year, when the market began to turn, we became convinced of one thing: the money, the attention, and the talent are all moving toward AI agents, fast and everywhere. At the same time, crypto is heading into a real winter, the kind that usually runs one to two years and takes a lot of native projects down with it. That's not us being bearish. It's just what these cycles have always looked like. The only question that matters is what you do about it. Our answer was to stop waiting for the market to come back, and put our energy where the world is actually going. That's what our Labs is for. It keeps testing the market and shipping against what it finds, from TopS to BuilderMaps and beyond. This is also how we stay antifragile: the worse the winter gets for crypto, the more capital and talent pour into agents, and agents need exactly what we've spent years building, which is data. A bad market for the industry sharpens our direction rather than blunting it. This quarter, the clearest gap we kept running into was a simple one. Agents need good external data, and most of them still can't get it. We already have that data and years of experience delivering it, so we built something to connect the two. We call it AgentKey. It's our newest bet, it's early, and I won't oversell it. It's a beginning, but it points exactly where we believe the world is heading. The price will do what the market does in the short term, and I know many of you feel it. But price is a short-term vote, and what we're building is a long-term thing. The most useful way to hold $C is the way an owner holds a company: judging us by whether the business gets stronger, the direction gets clearer, and the team keeps delivering through a hard market. Those are the things we can control, and those are the things we're pouring ourselves into. We're not here to trade the cycle. We're here to see it early and already be there when it turns. Thank you for holding through the winter with us. The rest of the report gets into the details. — Mogu, Founder & CEO, Chainbase 3. Business Overview and Strategic Positioning Chainbase is a data infrastructure company. We started with on-chain data, and we are now building the next data layer for the age of AI and Agents. Data itself is public; we have never claimed to own it. The real barrier is turning vast, raw, fragmented data into services that are reliable, queryable, and distributable at scale. This is hard and expensive to do well, and it is the core capability Chainbase has built over several years. In an industry driven by narrative, attention, and liquidity, we choose to build the company on something more durable: a real data capability, and real data revenue. Our business is organized in three layers: Data Infrastructure is our foundation. We operate a multi-chain data network that turns raw on-chain data into structured services developers and applications can query directly. The scale, quality, and timeliness of our data are all determined here. Validator Nodes is a stable, institutional-grade cash-flow business. As a professional validator across 15+ blockchain networks, we earn staking rewards while helping these networks grow and stay secure, deepening our relationships with major chains. Data Applications is where we capture value closest to the end user. Because we own the infrastructure, we are not limited to selling data, we can build products on top of it. Following earlier products such as Tops and BuilderMaps, this quarter we launched AgentKey: today's AI agents largely cannot access high-quality external data, and AgentKey extends our data distribution from developers to agents, opening a far larger market. Together, these three layers form a closed loop. Infrastructure builds the moat; validator nodes generate steady cash flow; applications turn capability into value and carry us from serving crypto to serving AI. All three share the same underlying data capability, so the larger we grow, the stronger the capability and the deeper the moat. We are not building a single product, we are running a data infrastructure that compounds on itself. This is also the opportunity of our era. For the past decade, data served people and applications; for the next, it will primarily serve AI and agents. With years of experience organizing and distributing data, and having moved early to connect that capability to agents, we are among the few companies positioned to capture this shift. $C is the native asset of this network and the ultimate carrier of the value we create. As our data business and applications grow, the foundation of $C's long-term value grows with them. Its market performance is detailed in Section 6. 4. Product and Operations Progress Summary AI agents are becoming the primary consumers of data infrastructure. In Q2 2026, we had one objective: to make Chainbase's data foundation directly usable by agents, enabling them to discover, query, and pay for data autonomously. Data Infrastructure In Q2, we rebuilt the Data Platform around one principle: agents are now first-class users. The infrastructure is AI-native end to end — an agent can discover, query, pay for, and analyze on-chain data entirely on its own, with no human in the loop. Agent-native access: Web3 & Tops Data MCP connect any MCP-compatible client directly; the Web3 Data Skill enables natural-language on-chain queries inside Claude Code and OpenClaw; the CLI gives developers and agents command-line access. Agent-native micro-payments: AI-native, credit-metered billing ($1 = 100,000 credits) pairs with x402 machine-to-machine payments, letting agents autonomously micro-pay for each API call in stablecoins, so spend scales with agent workloads rather than human seats. The data foundation itself kept compounding: Real-time data unified across 90+ chains, with 200+ blockchains indexed cumulatively. 500M+ queries/day — Q2 successful API requests 27TB+ — Q2 total data indexed 52,000+ active developers in Q2 Validator Nodes Chainbase operates professional validator infrastructure across 15+ blockchain networks, making its data layer an economic participant in the networks it serves, earning staking rewards while aligning incentives with partner chains rather than acting as an external vendor. Q2 progress: Espresso — mainnet validator activated GenLayer, Ritual, Linera — testnet validators launched, with verification services and community collaborations 99.9% uptime maintained across validator operations Data Applications Owning the infrastructure means we are not limited to selling data, we build products on top of it: AgentKey: Agents can reason and act, but they cannot see the live internet. One plugin gives any agent access to live data (search, social, finance, crypto), unified billing, and automatic failover, extending our distribution from developers to agents. Tops: Opened to AI agents on April 10. Tops turns crypto narratives, topic discovery, and X social attention into structured data that agents call directly BuilderMaps: The product-led ecosystem discovery tool published 26 maps covering 2,002 AI & Crypto projects, generating 100,000+ exposures Q2 progress: AgentKey — zero to a live agent-data marketplace in 50+ days 10k+ tool calls/day in beta, up 17% week over week; ~1,800 tools across 6 categories, integrated into 20+ agent frameworks including Claude Code, Codex, OpenClaw, WorkBuddy, and Cursor, 20 releases in 50+ days; showcased at ETHGlobal as a sponsor tool Tops — social attention as an API 5 agent tools · 3 integration paths (MCP, Skill, REST API), 9M+ agent calls from 5,000+ unique agents and users in Q2, monitoring 50K+ narratives across 1M+ X posts processed daily BuilderMaps — ecosystem discovery on a content flywheel 26 maps · 2,002 projects · 100,000+ exposures — a new map published every ~3.5 days 5. Market and Ecosystem Expansion Overall Summary In Q2 2026, Chainbase maintained consistent activity on X (@ChainbaseHQ), with content strategy shifting toward product education and thought leadership. The account focused on promoting AgentKey, highlighting event participation, and announcing ecosystem partnerships. Reach was strongest when content was tied to major offline events or clear product value propositions. The highest-performing post of the quarter was the Hong Kong Web3 Festival recap in April, which exceeded 118,000 views. AgentKey-related educational content in May also performed strongly, while June content centered on partnerships and event recaps achieved steady mid-range reach. Performance by Month Month Key Content Focus Total Monthly Views Overall Performance April Event recaps (Hong Kong Web3 Festival), Binance Learn & Earn 380,000+ Strongest reach driven by major event content May AgentKey product education & explainer videos 100,000+ Good engagement on product-focused content June Event recaps & partnership announcements (Dutch Blockchain Week, GenLayer validator, Unibase, Solana) 120,000+ Steady performance on ecosystem updates Key event participations included: ETHGlobal – Served as a sponsor with AgentKey positioned as a key tool for AI + Web3 builders. RED HACKATHON – Core team members actively participated in China's largest hackathon, engaging directly with top domestic developers and showcasing Chainbase's data capabilities to the local builder community. Agentic Day – Delivered a speaker session focused on AI agents and data infrastructure. Bitget AI – Served as a judge, contributing to the evaluation of AI-related projects. Hong Kong Web3 Festival and BNB Institutional Capital and RWA Forum – Participated as a guest, engaging with institutional and RWA-focused audiences. Multiple Solana Ecosystem Summits – Acted as host, strengthening presence within the Solana builder community. Sui House Event – Participated in discussions focused on the development of internet finance infrastructure, exploring opportunities at the intersection of blockchain data and financial applications. Dutch Blockchain Week (Amsterdam) – Co-hosted “Agents & Coffee” with GenLayer and 0G Labs. Vibe Coding Event with Together AI & Lovable – Participated in developer-focused community activities. Through these engagements, Chainbase reinforced its positioning as a foundational data layer for AI agents while directly promoting AgentKey to relevant developer and builder audiences. Ecosystem Partnerships B.AI – Formal partnership to build the next layer of AI agent infrastructure. B.AI handles financial agent infrastructure; Chainbase provides the AgentKey data access layer, bridging web, social, on-chain, and financial services for autonomous agents. GenLayer, Ritual & Espresso – Validators – Chainbase became a validator for all three networks: GenLayer (an AI-native trust layer where validators running diverse LLMs act as a decentralized court), Ritual (an on-chain AI coprocessor network), and Espresso (a decentralized confirmation layer for rollups that had just opened to permissionless PoS participation). Unibase / BitAgent – Unibase's BitAgent platform (a decentralized AI agent marketplace) launched a dedicated Chainbase agent, deepening the integration between Chainbase's data layer and on-chain agent infrastructure. Binance – FIFA World Cup Football Challenge – Chainbase participated in Binance's 2026 Football Challenge, a pick-and-win campaign tied to the FIFA World Cup (kicked off June 11). Community & Content Growth In Q2 2026, Chainbase enhanced community engagement through product-focused education and large-scale partner campaigns. Efforts centered on promoting AgentKey, educating users about Chainbase and $C in the AI+Web3 data space, and expanding reach via AMAs and exchange initiatives. Community AMAs: Hosted multiple AMAs and live discussions on AI agents and AgentKey, attracting hundreds of participants and serving as a direct feedback channel. Binance Learn & Earn: Participated in the campaign from April 9 to May 7, 2026, recording 2.09 million PV and 246,712 UV, with approximately 100,000+ new $C token holders. Binance Pick and Win: Joined the FIFA World Cup-linked campaign, gaining broad exposure among millions of daily global participants. BuilderMaps: Supported community education with 26 maps covering 2,002 projects and over 100,000 exposures. 6. Token Economic Performance Token Market Performance In April 2026, Chainbase ($C) was successfully listed on Bitvavo, a major compliant European exchange, and BitKub, a compliant exchange in Thailand. These listings significantly improved trading depth and liquidity in the European EUR spot market and Thailand's compliant market, while optimizing token holder distribution across Europe and Southeast Asia. Circulating and unlocked supply As of 30 June 2026, the unlocked supply is 362.57M C, equivalent to 36.26% of the 1B maximum supply, as unlocked/scheduled circulating supply. This increased from 329.14M C at the end of March, representing: 33.43M C of incremental Q2 supply; 3.34% of total supply; and 10.16% growth relative to the March-end unlocked supply. July 2026 represents the first month in which Private A, Private B and Core Team allocations begin linear vesting. Together with ongoing ecosystem and worker emissions, the scheduled July increase is 24.48M C, taking unlocked supply to approximately 387.05M C, or 38.70% of total supply. This is a first monthly tranche after the cliff, not a one-time release of the entire investor and team allocation. The allocation structure is also consistent with Chainbase's official tokenomics announcement. Holder-address movement The available explorer snapshots indicate a modest net contraction during Q2: Base holders fell from approximately 69.9K at the beginning of April to 69,046 on 30 June; BSC holders increased by roughly 0.2K over approximately the same period; Combined directional change was therefore approximately 0.6K to -0.7K addresses. H1 2026 price performance H1 2026 was a broad crypto-market de-risking period driven by macroeconomic and geopolitical uncertainty, weaker institutional flows and reduced expectations for near-term rate cuts. Bitcoin declined 33.1% and Ethereum fell 47.1%, while C decreased by a comparatively smaller 16.8%. More notably, C gained 9.3% in Q2, compared with declines of 14.1% for Bitcoin and 25.3% for Ethereum, demonstrating meaningful relative resilience during a difficult market environment. The H1 price path was highly volatile and broadly V-shaped. C declined sharply in January and early February, bottoming around $0.046, before recovering through Q2 and reaching $0.1184 in June. Despite Q2's 9.3% gain, the late-June pullback left the token 16.8% below its opening price for the year. Indicator Result 1 January opening price $0.0916 30 June closing price $0.0762 H1 return -16.8% H1 low $0.0460 on 6 February H1 high $0.1184 on 9 June Q2 return +9.3% Decline from H1 high to June-end -35.6% Maximum daily-close drawdown -54.9% This relative performance reflects a combination of recovery from February's oversold levels, continued market interest in AI and on-chain data infrastructure, and progress in Chainbase's agent-focused products. C also absorbed a 10.2% increase in unlocked supply during Q2 while still producing a positive quarterly return. However, the 35.6% decline from June's high and the lack of corresponding holder growth indicate that demand remains partly liquidity- and momentum-driven rather than fully supported by long-term accumulation. 7. Outlook for the Next Quarter Product AgentKey is the focus, and we intend to be honest about where it stands. Supply and distribution are real: ~1,800 tools, 20+ frameworks, 20 releases in fifty days. Activation is not yet. Registration counts are the easiest number to grow and the least informative, so they are not the primary metrics we optimize for. In Q3 we optimize for two things: how many developers reach a first successful call, and how deeply they use AgentKey once they do. We will keep growing throughout, but we would rather earn the right to grow hard. Once the data shows product-market fit, we push on every channel we have. July Unlock Two facts. First, this is a first monthly tranche after the cliff, not a one-time release of the entire investor and team allocation. The schedule follows our published tokenomics and does not change. Second, we built the Chainbase Treasury Platform before the unlock began. Distribution, wallet registration, and vesting management now run through a purpose-built internal system. We did that work in advance because a team planning to be here for years puts the machinery in place before the first token moves, not after. What we commit to is the thing we control: how we communicate. This report becomes a standing quarterly obligation, in this format, with the same operating data, including the numbers that do not flatter us. We are not going to tell you to hold. What we will do is give you enough of the truth, consistently, to decide for yourself. Global Reach Product and token are two faces of the same effort. $C listed on Bitvavo in Europe and BitKub in Thailand this quarter, deepening access in compliant regional markets. Q3 continues that push into additional regions. We will not name exchanges before agreements are signed, and you should be skeptical of any project that does. The direction is settled: more compliant venues, more regional depth, a holder base that is global rather than concentrated. 8. Appendix: Detailed Operational Data This appendix provides supplementary operational data and the methodology used for the metrics presented in this newsletter. 8.1 Key Operational Metrics Metric Q2 2026 Value QoQ Change Total Data Indexed 27TB+ newly indexed in Q2, across 200+ blockchains cumulatively +20% API Requests 500M+ queries/day +37% Active Developers 52,000+ +30% AgentKey Usage / Calls 10K+ tool calls/day New New Integrations / Partnerships 7 named partnerships + 20+ agent-framework integrations New BuilderMaps Total Exposure 100,000+ New BuilderMaps Maps Published 26 New BuilderMaps Projects Covered 2,002 New 8.2 Token-Related Metrics Metric Value Notes Total $C Holders (Q2) 77,567 Total token holders across Base and BSC Trading Volume on Bitvavo (Apr–Jun) $5.53 million Approx. €4.75M C/EUR spot turnover Trading Volume on BitKub (Apr–Jun) $1.43 million Approx. ฿46.61M C/THB spot turnover Trading Volume on Other CEX (Total)(Apr–Jun) $878.84 million Estimated aggregate spot volume across Binance and other centralized exchanges, excluding Bitvavo and BitKub 8.3 Community and Campaign Metrics Metric Q2 2026 Value QoQ Change Community AMAs / Live Sessions 3,000+ audience +126% Binance Learn & Earn PV 2,093,146 New Binance Learn & Earn UV 246,712 New New $C Holders from Learn & Earn ~100,000+ New Binance Learn & Earn Ranking 9th project New Social Media Impressions 5M+ +130% Active Community Members 30k+ +15% Methodology and Data Sources Data Indexing Volume: Calculated based on the total amount of on-chain data successfully indexed and stored in Chainbase's decentralized data network during the reporting period. API Activity: Measured by the total number of successful API requests made to Chainbase's public and enterprise APIs. Developer Metrics: Derived from unique wallet addresses and API keys actively interacting with the platform. Token Metrics: Sourced from on-chain data (via Chainbase indexing) and aggregated trading data from listed exchanges (Bitvavo and BitKub). All metrics are compiled from internal platform data and verified on-chain records. Percentage changes are calculated on a quarter-over-quarter (QoQ) basis unless otherwise noted. About Chainbase Chainbase is building the Hyperdata Network for AI — a foundational layer for the DataFi era. Built as a Hyperdata Network, Chainbase turns onchain signals into structured, verifiable, and AI-ready data that can be directly processed by AI models and decentralized applications. Its core stack includes: Manuscript: a programmable layer for building data assets; AVS layer: decentralized data execution and verification; $C Token: the native currency for AGI. This structured data layer supports a new generation of crypto applications that are autonomous, composable, and economically aligned with their users and contributors. To date, Chainbase has indexed over 200 blockchains, processed more than 500 billion data calls, and supports a community of more than 52,000 developers. Over 10,000 projects actively use Chainbase across a wide range of use cases, including MEV infrastructure, L2 explorers, agent protocols, and onchain analytics. The founding team brings deep experience in blockchain infrastructure, data engineering, and protocol security. Chainbase is backed by top-tier investors and works closely with ecosystems across modular infrastructure, large language models, and onchain AI. As the need for machine-readable and economically aligned data continues to grow, Chainbase provides the foundational layer for a programmable data economy—one where information moves freely between agents, protocols, and people. Website | Twitter | Discord | Telegram | Blog | Docs | Github

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