Deep Dive
1. Ascend Campaign Milestones (10 August 2025)
Overview:
Propbase executed a 4-week Ascend Campaign in August 2025, including an Ethereum bridge (Week 1), KuCoin Top 10 CEX listing (Week 2), Wyndham Queen RWA launch (Week 3), and a strategic exchange listing (Week 4). The Ethereum bridge expanded PROPS’ multi-chain presence to Aptos, Base, and Ethereum, aiming to boost liquidity and accessibility.
What this means:
Bullish for adoption, as cross-chain bridges typically enhance utility and user reach. However, PROPS’ price fell 70% in 90 days post-campaign, suggesting weak market reception or broader crypto sentiment overpowering fundamentals. (Propbase)
2. Record Trading Volume (14 August 2025)
Overview:
PROPS hit a $6M 24-hour trading volume after its KuCoin listing, driven by the Ascend Campaign and LayerZero-powered DeFi integrations. Over 125M tokens were staked (~29% of circulating supply), signaling holder commitment.
What this means:
The volume spike highlighted short-term demand, but PROPS’ 89% yearly drop shows sustained sell pressure. High staking rates may reduce liquid supply, but failed to stabilize price amid market-wide fear (CMC Fear & Greed Index: 20). (Propbase)
3. RWA Asset Sellouts (15 August 2025)
Overview:
Propbase’s fourth RWA offering, Wyndham Queen Hotel tokens, sold out in <48 hours, continuing a trend of fast sellouts despite crypto’s 17% monthly market cap decline.
What this means:
Strong niche demand for tokenized real estate contrasts with PROPS’ underperformance. This divergence suggests the token’s utility hasn’t translated to speculative appeal, possibly due to poor altcoin season dynamics (Altcoin Season Index: 26, -56% monthly). (Propbase)
Conclusion
Propbase demonstrates execution with bridge deployments, CEX listings, and RWA traction, but PROPS’ price struggles reflect crypto’s risk-off tilt and altcoin liquidity crunch. Can real-world asset demand eventually decouple PROPS from broader market cycles, or will it remain tied to speculative flows?