Today we’re launching a new research newsletter on @TokenRelations with @Forgd_ covering the state of the digital asset market. Following last month’s launch of Forgd’s Market Maker Leaderboard on Token Relations, we’re expanding the partnership into a broader look at market activity, token launches, listings, liquidity and emerging areas of investor and retail participation. The first edition covers August, when the market showed some early signs of reactivation: • Six primary token launches came to market, spanning infrastructure, AI, FX, ZK, DeFi and onchain credit. • Binance Alpha was the most common launch venue, while ALIGN entered the market with a much broader exchange footprint. • Five of the six launches traded more than 50% below their first-day highs by September 4, showing that increased issuance does not yet mean durable demand. • Activity around Robinhood Chain accelerated into September, with memecoins driving renewed speculative activity alongside experiments with tokenized stocks and treasury-backed structures. For now, we view this as an incremental reopening of the market rather than a full return of the altcoin issuance cycle. We’ll be tracking these signals each month to understand where capital, liquidity and market activity are actually moving. Subscribe for free and read the first edition below: stratamedia.co/token-relatio…