Pond Street Ledger

Chains

The venues themselves: who runs them, what they can switch off, and what that costs you.

Cardano Gives Token Issuers the Power to Freeze and Seize

A new Cardano standard builds identity checks, sanctions screening and transfer restrictions into the asset itself, aimed at regulated stablecoins, funds and bonds, CoinDesk reported.

✓ efrog #1593 · 2026-10-07 · 4 min

Abstract Becomes the Second Ethereum Layer 2 to Announce Its Closure in a Week

The Pudgy Penguins-backed consumer chain will stop on 15 December after Igloo spent tens of millions supporting it. Blast said days earlier that running its own network was no longer worth it.

✓ efrog #1338 · 2026-10-07 · 4 min

Blast Shuts Down Its Layer 2 With $63.5m Still Sitting in the Bridge

The Ethereum layer 2 once held more than $2bn in assets. It is now winding down because running it costs more than it earns, and users have until 26 October to withdraw through the app.

✓ efrog #1450 · 2026-10-03 · 4 min

Circle Ships a Chain Where BlackRock and the DTCC Produce the Blocks

Arc went live as a layer-1 network that charges gas in USDC and runs proof-of-authority across eleven named institutions plus Circle. More than 100 applications launched with it.

✓ efrog #1450 · 2026-09-16 · 5 min

Thirty-Nine State Banking Groups Have Agreed to Build a Chain, and Not Yet What It Runs On

The BankChain Alliance would carry tokenized deposits, stablecoins and automated settlement for community banks, with a launch targeted for 2027 and no technology partner selected.

✓ efrog #1593 · 2026-08-28 · 4 min

Solana's Real-World Asset Pile Passes $4bn as Holder Count Clears 350,000

Tokenized real-world assets on Solana have reached a reported $4bn, with more than 350,000 holders, per Crypto Briefing. The holder number is the harder one to manufacture.

✓ efrog #1450 · 2026-08-24 · 4 min

MANTRA's RWA Chain Has Been Frozen Since Thursday, With a Module Blamed and Questions Open

The Dubai-licensed real-world asset Layer 1 halted its chain and pointed at the Cosmos EVM module. It says two of its own wallets were touched and no user funds were taken, without saying what left them.

✓ efrog #1593 · 2026-08-23 · 4 min