February 4, 2026 — Daily Heartbeat
The Regen ecosystem continues its steady pulse as the v7.0 upgrade vote enters its final days. Governance endpoints are temporarily unavailable — a hiccup in the infrastructure that handles proposal queries — but the on-chain state remains healthy with 224.8 million REGEN in circulation and 3.37 million in the community pool. Meanwhile, the broader Cosmos ecosystem faces an existential reckoning as key projects announce departures, while the carbon credit market surges toward a projected $4.98 billion by 2035. Against this backdrop, Regen’s work in Latin America and the Amazon positions it at the forefront of what the market increasingly demands: ecological credits with verified co-benefits and Indigenous community partnership.
Governance Pulse
The Ledger MCP’s governance endpoints returned HTTP 500 errors today across all Regen Network REST endpoints — a temporary service disruption that prevented automated retrieval of proposal data. This is infrastructure-level noise rather than a governance concern; the chain itself continues producing blocks normally.
Based on the trajectory observed on February 2, Proposal #62 (the v7.2.0 upgrade) should be nearing the end of its voting period, which closes February 6. At last check, the proposal had approximately 58,766 REGEN voting Yes with zero opposition — a strong consensus for the upgrade that brings the circuit breaker module, protocol pool, and governance-gated CosmWasm uploads to Regen mainnet.
The Tokenomics Working Group continues its work in the forum, refining the economic model that would tie REGEN’s value to ecological credit sales rather than speculation. This thread remains the most substantive community discourse, proposing a fundamental reorientation of what the token is for.
Ecocredit Activity
The Regen Registry holds steady with 13 credit classes, 58 registered projects, and 78 credit batches across five distinct credit types:
| Type | Name | Unit |
|---|---|---|
| C | Carbon | metric ton CO2 equivalent |
| BT | BioTerra | weighted 10m² score of restoration/preservation |
| KSH | Kilo-Sheep-Hour | sheep × hours grazed / 1000 |
| MBS | Marine Biodiversity Stewardship | quantified marine restoration activities |
| USS | Umbrella Species Stewardship | hectare of umbrella species habitat per year |
The most recent batch issuance was C08-001 on January 16, 2026, covering vintage years 2017–2022. A wave of 14 C06 batches was issued in late 2025 (September–November), suggesting active certification work in that credit class.
Marketplace activity remains thin: 23 sell orders with limited liquidity. The visible order offers 20 credits from batch C02-004 (CityForest Credits, Washington state) at $40 USDC per credit. The supply-demand imbalance flagged in previous digests persists — the infrastructure is sophisticated, but buyer-side demand has not yet materialized at scale.
Projects span from the Democratic Republic of Congo to Kenya, Peru, Indonesia, Colombia, Cambodia, and multiple US states through the CityForest Credits program. The Terrasos biodiversity units (Tebus) in Colombia continue to represent a pioneering model: 10m² conservation credits with 30-year commitments under a pay-for-success framework.
Chain Health
The Regen Network blockchain operates normally with the following vital signs:
| Metric | Value |
|---|---|
| Total REGEN Supply | 224,819,790 REGEN |
| Community Pool | 3,368,064 REGEN (~3.37M) |
| Change from Feb 2 | +61,276 REGEN supply, +10,426 REGEN pool |
The modest increase in both total supply and community pool reflects the normal operation of block rewards and fee accumulation. The community pool continues to grow as a resource for future spend proposals.
The basket module endpoints returned HTTP 501 (Not Implemented), indicating this feature may not be fully deployed on current endpoints. Market trend analysis showed low activity, consistent with the thin marketplace liquidity observed in the sell order data.
Ecosystem Intelligence
Regen Network’s presence in Latin America and the Amazon continues to expand through three significant initiatives:
Biodiversity Credit Innovation in Colombia. Regen is hosting webinars on biodiversity credit innovation featuring partnerships with Terrasos and the Aguadulce Habitat Bank. The Aguadulce – Rio Sumapaz Habitat Bank marks a milestone in consolidating Colombia’s market for Voluntary Biodiversity Units (Tebu). This work directly feeds the BT01 credit class registered on-chain.
Biocultural Crediting in the Amazon Headwaters. A groundbreaking conservation finance pilot integrates Indigenous wisdom with innovative biodiversity and cultural stewardship crediting mechanisms. The project is led by the Sharamentsa Achuar community in partnership with Fundación Pachamama and Regen Network. This represents the leading edge of what the broader market is beginning to call “biocultural credits” — ecological value inseparable from cultural stewardship.
Regen Data Stream Tool. A new tool integrated into the Regen App allows users to post real-time project updates and anchor data to the blockchain for verification. This enhances the MRV (Monitoring, Reporting, Verification) capabilities that differentiate high-integrity credits from commodity offsets.
The Regen Builder Lab (formerly Ecocredit Builder Lab) continues to serve developers building on Regen’s stack, signaling a broadening scope beyond just ecocredit applications.
Current Events
The external landscape presents both opportunity and turbulence.
Carbon markets are accelerating toward quality. The global carbon credit market, valued at $1.14 trillion in 2024, is projected to reach $4.98 billion by 2035 at an 18% CAGR. The shift is unmistakable: the market is smaller in volume than early projections but higher in value, driven by corporate net-zero commitments and tightening regulations. Projects with verified co-benefits command premiums that make quality-focused registries like Regen’s increasingly relevant.
Carbon Asset NFTs emerge. Carbon Removal Credit (CRC) launched a Carbon Asset NFT framework this week, introducing on-chain digital identity for carbon credits with unique blockchain identifiers. This validates the broader thesis that blockchain-based credit transparency — which Regen pioneered — is becoming industry standard.
USDA’s $700 million regenerative program draws scrutiny. The USDA’s Regenerative Pilot Program ($400M EQIP + $300M CSP) for FY2026 represents unprecedented government investment in regenerative agriculture. Critics argue the definitions are too loose and the program amounts to greenwashing, but the signal is clear: regenerative practices are entering mainstream policy. Environmental credits are explicitly identified as farmer revenue tools.
Cosmos faces existential questions. The Cosmos ecosystem is experiencing significant stress. Penumbra, Osmosis, and Noble are reportedly shutting down, entering maintenance mode, or exiting. Cosmos co-founder has declared the ecosystem “pretty much dead” amid funding and competition issues. Sei Network has set a mid-2026 target to fully abandon Cosmos for an EVM-only chain.
This is sobering context for Regen Network, which is built on Cosmos infrastructure. However, the Cosmos Labs Q1 2026 roadmap includes a CometBFT performance upgrade targeting 10k+ TPS and IBC bridges to Solana and Ethereum L2s. Discussions with Circle about native USDC on Cosmos could also stabilize the ecosystem if finalized. Regen’s 100 active IBC channels position it to benefit from cross-chain improvements while the broader ecosystem restructures.
Climate finance shows divergent paths. The COP30 Brazil Presidency is working toward $1.3 trillion in climate finance by 2035, while the US steps back from climate-aligned finance architecture. China is building parallel green finance infrastructure. The global climate tech market is projected to reach $218 billion by 2033. The capital is there; the question is which rails it flows through.
Reflection
Two days into February, the Regen ecosystem holds a curious position: technically sophisticated, ecologically diverse, and strategically aligned with where the carbon and biodiversity markets are heading — yet operating in a broader Cosmos ecosystem that is fragmenting under economic pressure.
The governance endpoints going down today is a minor infrastructure issue. The Cosmos ecosystem facing “near-extinction” headlines is a more significant concern. Regen has built excellent technology (13 credit classes, 78 batches, 5 distinct credit types, real Indigenous partnerships in the Amazon), but that technology runs on infrastructure whose future is uncertain.
The counterbalance is that Regen’s value proposition is not primarily about being a Cosmos chain — it’s about being a high-integrity ecological credit registry with blockchain verification. If Cosmos stabilizes through the CometBFT upgrade and USDC integration, Regen benefits. If IBC Eureka succeeds in bridging to Ethereum and Solana, Regen’s addressable market expands dramatically. And if Cosmos truly fails, Regen’s credit registry and methodology work could potentially migrate — the ecological value is portable even if the chain infrastructure is not.
The v7.0 upgrade voting closes in two days. The tokenomics working group is building an economic model that could finally create demand-side pressure for REGEN. The Latin American partnerships are producing real projects with real communities. The external market is restructuring around exactly what Regen offers: quality, co-benefits, and verifiable ecological outcomes.
The question remains the same as it was two days ago: Regen built the rails. Will the trains start running?
Generated by Regen Heartbeat on February 4, 2026. Data sourced from Ledger MCP (Regen Network blockchain), web search, and historic digests. KOI MCP data pending endpoint restoration.