Aave reached an all-time excessive complete worth locked (TVL) of $41.1 billion on Aug. 24, positioning the decentralized lending protocol because the equal of the 54th largest US business financial institution by complete deposits based mostly on Federal Reserve data as of Jun. 30. The cash market protocol would substitute the Prosperity Financial institution, which…
Crypto exchange-traded fund (ETF) issuers are likely to partner with centralized staking providers following approval, but will eventually pivot to decentralized protocols as regulatory frameworks mature. The Securities and Exchange Commission’s (SEC) Aug. 5 statement that liquid staking activities and staking receipt tokens do not constitute securities offerings removed the final regulatory hurdle for staking-enabled…
Bitcoin and crypto appear to be on the verge of mainstream adoption, with US spot exchange-traded funds (ETFs) shattering influx information, Goldman Sachs holding extra crypto ETF shares issued by BlackRock than every other establishment, and company treasuries from Strategy to Bitmine embracing digital property. Nevertheless, a latest survey from Financial institution of America confirmed…
World Liberty Financial (WLFI), the crypto project affiliated with US President Donald Trump, has minted approximately 10% of its USD1 stablecoin supply, totaling $205 million, for its Treasury. In an April 20 statement on X, WLFI pointed out that the stablecoin is one of the fastest-growing in the market, noting that the asset is “backed…
Hyperliquid has achieved the highest revenue per employee globally, at $106 million, surpassing traditional technology giants and the previous record holder, Tether Limited. The revenue-per-employee metric places Hyperliquid significantly ahead of established technology companies. Data gathered by Hyperliquid France puts Tether in second with $93 million per employee, while OnlyFans ranks third at $37.6 million. …
Federal Reserve Governor Christopher Waller declared that “there is nothing scary” about DeFi simply because it operates outside traditional banking infrastructure. Speaking at Wyoming Blockchain Symposium 2025, Waller framed blockchain-based transactions as a natural technological evolution rather than disruptive threats. He compared DeFi operations to conventional purchases, noting that buying crypto with stablecoins through smart…
Pump.fun has regained its standing as the most important memecoin launchpad on Solana over the previous two weeks. The dominance is clear in each income technology and buying and selling quantity. Based on data from Blockworks, Pump.enjoyable dominated 62% of all income generated from Aug. 4 to Aug. 17, which quantities to just about $16.7…
Circle has launched a unified cross-chain infrastructure that permits companies to entry USDC balances throughout a number of blockchains. An Aug. 19 announcement labeled the brand new product as Gateway, a system that addresses liquidity fragmentation points that pressure firms to pre-position funds throughout chains and handle complicated rebalancing operations. Gateway combines good contract infrastructure…
Main DEX aggregator 1inch has launched a brand new DeFi characteristic: trustless cross-chain swaps between Solana and over 12 EVM networks, with out counting on bridges or third-party messaging protocols. Out there throughout the 1inch dApp, pockets, and Fusion+ API, customers can now transfer property straight between Solana and all main EVM networks in a…
Solana (SOL) trading activity contracted sharply in the second quarter while the network’s core infrastructure metrics strengthened across multiple dimensions. According to an Aug. 15 report by Messari, the total application revenue generated on the network fell 44.2% quarter-over-quarter to $576.4 million from $1.0 billion. Furthermore, average daily spot decentralized exchange (DEX) volume dropped 45.4%…