Story Protocol’s native token rose 21.48% to $2.98 in 24 hours as the blockchain introduced its first prediction market and launched Confidential Data Rails. This privacy-focused upgrade protects encrypted data on-chain.
This surge reflects the deployment of multiple capabilities and increased institutional attention, positioning Layer 1 blockchain as a key driver of the growing $80 trillion intellectual property economy.
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Prices soar due to new features and market momentum
As of 2 a.m. UTC Wednesday, Story Protocol’s IP token was trading at $2.98, an increase of 21.48% from the previous day. The trading volume of this token reached $145.63 million across major exchanges. Its market capitalization reached $975.42 million, ranking it 104th among the world’s cryptocurrencies.
Story hit an all-time high of $14.78 on September 21, 2025, and has traded between $1.00 and $14.78 ever since. Institutional confidence is growing as publicly traded IP Strategies (NASDAQ: IPST) has 53M tokens on its balance sheet. The value of these tokens is approximately $731 million.
The price increase coincides with three major launches: Story’s first prediction market, integration with Dune Analytics for on-chain data, and technical documentation outlining Confidential Data Rails. These updates demonstrate that Story’s capabilities extend beyond IP registration and can support a broader range of decentralized applications.
Story Protocol Debuts On-Chain Prediction Market
Story Protocol announces the first prediction market with MusicByVirtuals, allowing users to trade outcomes related to cultural and financial events. These markets allow you to bet on topics such as K-pop chart positions and cryptocurrency prices, and payments are processed on Story’s blockchain.
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These markets highlight how cultural trends and financial predictions can be tokenized and traded on-chain, demonstrating Story’s versatility beyond IP management. This underscores Story’s goal of capturing both intellectual property ownership and speculation around cultural assets.
Sensitive Data Rail: Upgrading Privacy for On-Chain Assets
Last Thursday, Story Protocol released a technical document on Confidential Data Rails (CDR). This upgrade transforms encrypted data into programmable on-chain assets. This technology enables secure storage and automated management of sensitive assets within Story’s IP vault. These assets include AI datasets, biomedical records, and API keys.
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The Story Foundation’s official announcement describes CDR as a cryptographic foundation that combines confidentiality, automation, and programmability. Permissions are enforced through a decentralized trusted execution environment (TEE) and smart contracts on the story chain. This system allows data owners to manage sensitive assets without exposing sensitive information.
CDR helps solve the persistent blockchain challenge of ensuring privacy while maintaining transparency. Public blockchains are good for auditability, but lack strong data protection. CDR allows creators and businesses to tokenize sensitive IP while maintaining strict access controls. This is an essential feature for sectors such as pharmaceuticals, entertainment, and AI, where sensitive information must remain protected even when rights are managed on-chain.
Meanwhile, Story Protocol’s partnership with Dune Analytics enables real-time visualization of on-chain IP data covering registration, licenses, royalties, and derivative chains. Andrea Muttoni, president and chief product officer, said the integration will facilitate transparency and deeper analysis of on-chain IP. The partnership will provide developers and institutions with SQL access to Story data, facilitating research into IP tokenization and licensing trends.
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Creator incentives lead platform growth
Chase Chaisun Chang, Head of PIP Labs Korea—Story Protocol Operators Highlighted at Tuesday’s Korea ConferenceWe’ve found that incentivizing creators is essential to consistent, high-quality content.
He explained how one dance video can generate 100,000 remixes within 24 hours, making traditional licensing impossible. AI consumes that content and creates endless derivative works, completely blurring the line between creator and consumer.
Chang emphasized that AI requires high-quality training data to function properly, following the “garbage in, garbage out” principle. Proper attribution and ownership tracking is essential to combat misinformation and verify the authenticity of AI-generated content.
He concluded that digital transformation means individuals own more and more intangible assets. In this new era, everyone is becoming both a creator and a consumer at the same time. In this rapidly evolving landscape, a better IP infrastructure is essential to protect everyone’s digital assets.
The combination of price strength, feature releases, and institutional support positions Story Protocol as a critical infrastructure for decentralized IP management. Still, the token is trading 80% below its all-time high. Continued adoption of CDR, prediction markets, and Dune-powered analytics will determine whether this protocol can gain significant market share. As Story scales, a key question is whether creators and companies will move their IP operations on-chain at a scale that justifies the protocol’s ambitions.
