LBank weekly overview: RWA, Pudgy Penguins and volume growth

Crypto exchange LBank shares its weekly review covering a period with several developments: a new phase in the collaboration with Pudgy Penguins, the addition of USDY via Ondo Finance, strong growth in spot volume and the launch of a new automated investment product. In addition, an incident surrounding Core DAO played a role in how the platform handles risk management.

In short:

LBank’s spot volume rose by 16.5% in August compared with the previous month, with a market share of 3.4%.
USDY from Ondo Finance is now available on LBank, giving users access to interest-bearing securitised assets.
LBank launched Spot Auto-Invest, a product that allows users to build positions automatically, linked to a campaign with 50,000 USDT in rewards.

Pudgy Penguins and AFA mark cultural ambitions

The collaboration between LBank and Pudgy Penguins is expanding further. The campaign, with a total value of $500.000, received a new local twist around Brazilian Independence Day. According to LBank, this is deliberately not a one-off marketing action, but an ongoing collaboration focused on community, trading and local markets.

The relationship with the Argentine Football Association AFA also took centre stage this week. Now that Lionel Messi is saying farewell to the national team, LBank joined the commemorative actions surrounding his career. The exchange regards the partnership with AFA as a structural part of its brand identity, not as a temporary campaign.

USDY available and spot volume grows strongly

Through a partnership with Ondo Finance, USDY is now tradable on LBank. The token provides access to interest-bearing products tied to the real economy, also known as real-world assets or RWA. The launch was picked up by financial media outside the crypto world, including TheStreet. The advance of tokenised assets towards broader financial markets thus continues.

August was also a strong month for the spot trading platform. Volume rose by 16.5% compared with July, and LBank reached a spot market share of 3.4%. Tokens such as PONS and AI1 recorded price gains of more than 12.000%, although these are smaller, emerging assets with generally limited liquidity.

EH_LBank @EH_LBank

🙏 LBankers,

Crypto gave us another fast-moving week. Markets shifted, narratives evolved, and attention moved quickly across sectors.

For us, the focus remains the same, keep building through the noise and make sure every step we take adds something meaningful for our users.

This week brought progress across culture, RWA, spot trading, and product innovation, while also marking an important moment for our partnership with AFA.

Here is what we achieved:

1. Pudgy Penguins Partnership Reaches Its Latest Milestone

Our Pudgy Penguins collaboration continued its global rollout, building on the $500,000 campaign with another localized cultural activation, this time around Brazil’s Independence Day.

What started as a partnership announcement has developed into something much broader, connecting community, trading, culture, and local markets over multiple weeks.

That is the type of IP relationship we want to build, not a one-day headline, but something users can continuously participate in.

2. A Special Moment for Messi, Argentina and AFA 🇦🇷

This week was also an emotional one for football.

As Messi bids farewell to Argentina, we joined AFA in celebrating a career and an era that changed the sport forever.

Our relationship with AFA has always been about more than one moment or one player. It connects LBank with one of football’s most important institutions and with a global community whose passion extends far beyond the pitch.

Some partnerships are campaigns. Others become part of the brand story.

3. Our collaboration with Ondo Finance progressed with USDY now available on LBank, expanding access to yield-bearing real-world assets and tokenized financial products.

The development was covered by TheStreet and later syndicated by AOL, taking the RWA conversation beyond crypto-native media and into a much broader financial audience.

This is an important direction for us. The line between crypto markets and traditional assets continues to get thinner.

4. August was another strong month for our spot business.

Trading volume increased 16.5% month over month, while LBank’s spot market share reached 3.4%.

We also continued seeing exceptional performance across emerging assets, with PONS and AI1 both recording gains above 12,000%.

The numbers matter, but what matters more is what sits behind them, better asset discovery, deeper liquidity, and users choosing to trade with us.

5. We launched Spot Auto-Invest, alongside a 50,000 USDT rewards campaign, giving users a more automated way to build spot positions over time.

Not every user wants to watch the market every minute. Products should support different strategies, different levels of experience, and different ways of participating.

That flexibility is becoming increasingly important as our ecosystem grows.

6. Risk Management When the Market Needs It Most

During the Core DAO validator incident, LBank responded by suspending CORE deposits at the project’s request while keeping our communication clear around what was, and was not, affected.

That response was subsequently referenced across several international crypto publications.

Growth gets attention, but how a platform responds when something unexpected happens matters just as much.

Another week, another step forward.

We are building across culture, TradFi, spot, products, and risk infrastructure, while keeping the same focus we have always had, creating a stronger platform for our users.

Appreciate every LBanker building with us. 💛

#LBank #Crypto #Web3 #LBankWeekly

6 Sept 2026View full tweet on X ›

New product and Core DAO incident

LBank introduced Spot Auto-Invest, a feature that allows users to build spot positions periodically and automatically without having to monitor the market continuously. The launch comes with a rewards campaign of 50,000 USDT.

In addition, an incident involving Core DAO played out this week, in which a problem with a validator led LBank to temporarily suspend deposits of CORE tokens at the project’s request. The platform says it communicated openly with users about this. Several international crypto publications wrote about the way LBank responded to the incident.

LBank weekly overview: RWA, Pudgy Penguins and volume growth

In short:

Pudgy Penguins and AFA mark cultural ambitions

USDY available and spot volume grows strongly

New product and Core DAO incident

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