Provenance Blockchain Q2 2025 Recap

As we close out Q2 2025, the Provenance community has much to celebrate: crossing $15B TVL, governance upgrades, recognition from the broader blockchain industry, and a bold new chapter ahead. Here’s everything you need to know:

🎊 Q2 by the Numbers (as of July 2025)

TVL: $15.5B (Up $1.6B, +11.5%)

Trading TVL: $44.6M (Down 24M, -35.5%)

Chain Transactions: 1.4M (Up 89K, +7.03%)

Total Participants: 53.6K (Up 3K, +6.12%)

Chain Fees: $850K (Up $241K, + 39.52%)

Total Committed Value: $44.6M (Down 20M, -31.29%)

Total Loan Balance: $12B (Up $1.24B, +11.53%)

Total Loans Onchain: 323,582 (Up 31.8K, +10.91%)

These were taken from Provenance Pulse, which now supports a 3 month view! This was a community suggestion that was implemented recently—if you have any product feedback or suggestions to improve the Pulse page, join our conversation on Telegram or Discord!

✅ Governance Milestones: The HASH Upgrade Era

This quarter, Provenance governance delivered three impactful proposals that are setting the stage for a stronger, fairer, and more scalable ecosystem:

🔐 HASH Lockup (Passed May 22)

To meet global exchange listing requirements and align long-term incentives, the community passed a proposal that enforces a 48-month linear vesting for non-retail HASH holders with >100K tokens. Key features included:

• Immediate unlock of 1 month’s vesting upon implementation

• Retail participants (including those with >100K HASH bought on the open market) were fully exempt

• Snapshot taken May 19; upgrade executed May 22

• Approximately 3.5 - 4B HASH locked based on criteria

This proposal reflected strong community feedback to ensure fair treatment between retail and institutional participants while preserving onchain liquidity and long-term value alignment.

🔓 HASH Wallet Unlock #1 (Passed June 12)

To correct edge case errors from the lockup proposal, 33 accounts were granted full unlocks after successful appeals.

🔓 HASH Wallet Unlock #2 (Passed July 17)

In response to continued appeal submissions, a second unlock wave has just concluded. Additional accounts verified by the Foundation were removed from vesting status, showing a continued commitment to responsible, community-driven upgrades.

🔓 HASH Wallet Unlock #3 (Passed July 20)

This proposal rectified a singular omission from the first two unlock phases.

📋 Official $HASH Listings on Major Data Platforms

In a significant step towards greater market transparency and visibility, Provenance Blockchain is pleased to announce that its utility token, $HASH, is now officially tracked by CoinMarketCap, CoinGecko, and RWA.io.

This development provides our community, investors, and partners with access to reliable, real-time data through the world's most trusted cryptocurrency data providers. The availability of $HASH on these platforms enhances accessibility and allows for independent analysis and monitoring of the token's market performance.

• CoinMarketCap & CoinGecko: Users can now access comprehensive market data, charting tools, and portfolio tracking features for $HASH.

• RWA.io: Our presence on this specialized platform is being updated by our Engineering team to include real-time data.

These listings are a foundational component of our strategy to broaden the reach and utility of the Provenance Blockchain ecosystem. We are actively pursuing further integrations to ensure comprehensive coverage across the digital asset landscape.

🏆 Provenance Gets Honored as “Best Real-World Use Case” at Tie Awards

At NYC Blockchain Week, Provenance Blockchain was honored as a “Best Real-World Use Case” at the 2025 Tie Innovator Awards — a testament to our RWA-native design powering real, regulated financial products across lending, private credit, home equity, and more.

This isn’t hype. It’s proof that Provenance Blockchain is where traditional finance meets on-chain innovation, and it’s working.

🎙️ Mike Tannenbaum Joins RWA Revolution

Figure CEO Mike Tannenbaum joined our livestream show “RWA Revolution” to talk about:

• Why he believes RWAs will surpass even DeFi in impact

• Why institutional capital needs regulated infrastructure like Provenance Blockchain

• How tokenized credit is poised to change lending markets forever

🎥 Watch the full episode here

📈 Figure Secures AAA S&P Rating, Powered by Provenance

Major congratulations to Figure, who just secured a AAA rating from S&P, the first for a blockchain-powered financial company.

This milestone demonstrates that real financial institutions can build secure, compliant, and scalable products on Provenance Blockchain, giving builders across capital markets a clear path to credibility and adoption.

💠 Internal Updates

This past quarter, our team has been focusing on internal operations to optimize the Foundation’s business structure, strategic governance proposals, and third-party aggregator visibility based on our upcoming roadmap to expand the reach of the Provenance Blockchain ecosystem.

This includes partnership explorations, product development, and refining a fresh new look 👀 

More announced VERY soon!

Thank you for being part of this chapter. The next one is even bigger.
Let’s keep unlocking what’s possible together.

— The Provenance Blockchain Foundation Team