What's Driving Token Prices? July 29, 2026

STORJ (-34%) - On Monday, decentralized storage provider Storj filed for Chapter 11 bankruptcy. According to Storj Labs, the filing is intended to allow the project to resolve legacy obligations tied to earlier acquisitions while remaining operational. The project affirms that the filing does not indicate insolvency, but that it wanted to restructure itself. The Storj product and STORJ token have been around for quite some time, with the project launching in 2014 and the token in 2017.
LDO (-9.7%) - This week, Lido, the largest staking pool on Ethereum, began consolidating its staked ETH in its latest upgrade. The upgrade will consolidate and reduce the total number of validators by up to one-third. The reduction in validators will not provide any noticeable benefits to end users, but it will improve performance in the background, as attestation messages between validators will be reduced. The upgrade will also require node operators to post a bond in ETH, whereas previously, the system relied solely on reputation. The Lido protocol currently has $17.95B in staked ETH, which will migrate to the new system over the coming weeks.
ONDO (-0.1%) - Tokenization project Ondo announced this week the launch of Ondo Network. Ondo Network is described as the execution layer of a blockchain, with settlement and verification handled separately, in order to offer the same trading experience as a centralized exchange. Users of Ondo Network benefit from the network's privacy and decentralization while retaining their own assets. The verification and settlement systems for the Ondo Network have not yet been implemented. While Ondo Chain was previously announced, the team confirmed that Ondo Network was a separate product from the chain and that the two would not run in parallel. The first product on the Ondo Network is Ondo Perps, a perpetual futures exchange.
1INCH (+1.8%) - Yesterday, decentralized exchange aggregator 1inch launched Aqua, its liquidity protocol across 13 EVM chains. Aqua is designed to allow liquidity providers (i.e., market makers on DEXs) to deploy capital across chains with increased capital efficiency: tokens remain in a user’s wallet but can back up to three positions across multiple chains. Currently, a user would have to split their positions across multiple wallets and chains to deploy their capital this way. The 1inch team is providing incentives in 1INCH tokens and stablecoins alongside the product launch to encourage usage.

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