Movers & Shakers May 2025

Coin Metrics is committed to building the crypto economy on a foundation of truth, providing authentic and accurate data with the highest standards of clarity and precision. With this mission in mind, we are proud to share our May edition of Movers and Shakers, the monthly resource aiming to bring more transparency and credibility to the rapidly evolving crypto space.

As new assets reach a certain degree of accessibility to investors, specifically as they achieve alignment with our Market Selection Framework and the Trusted Volume Framework, Coin Metrics uses its crypto expertise to describe the assets’ context of use. The following assets are expected to reach alignment this month:

Across Protocol (ACX) is a cross-chain interoperability solution powered by intent-based execution. Unlike traditional cross-chain interoperability solutions which provide set specifications on how assets or messages are transferred across networks, users on Across only need to specify their desired outcomes. User requests are known as intents; users do not care how the request is completed. Relayers find the fastest and cheapest route to complete intents on behalf of the user. Relayers who successfully complete a user’s intent are rewarded with fees from escrow accounts. Across’ intent-based architecture reduces reliance on bridge trust assumptions, decreases technical complexity to implement cross-chain technology, and increases execution speed. Developers can integrate Across to allow users to directly bridge funds to their application or conduct cross-chain activity such as governance voting and lending. ACX tokens are used to reimburse relayers for completing intents and can be deposited in liquidity pools. ACX tokens govern the Across Protocol DAO which determines ACX incentive allocations and manages the DAO Treasury.

Worldcoin (WLD) is a digital identity application that attempts to connect physical and on-chain identities. Worldcoin scans human irises at physical locations to create biometric identities for users. Users can authenticate their identity while remaining anonymous when interacting with EVM protocols. Worldcoin achieves anonymity using Proof-of-Personhood, a combination of mechanisms including zero-knowledge proofs, deduplication of unique proofs, and fraud resistant verifications, to protect user data. The Worldcoin App stores data and supports remittances and connections to network applications. WLD tokens can be used to participate in governance and fund operations for network improvements to the Layer-2, World Chain, built on the OP Superchain.

© 2025 Coin Metrics Inc. All rights reserved. Redistribution is not permitted without consent. This newsletter does not constitute investment advice and is for informational purposes only and you should not make an investment decision on the basis of this information. The newsletter is provided “as is’ and Coin Metrics will not be liable for any loss or damage resulting from information obtained from the newsletter.

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