This week brought swift developments across several crypto projects. Pump.fun launched its 2.0 version. zkLend confirmed a full shutdown. The Moca Foundation introduced a new Layer 1 chain. At the same time, major networks posted strong growth metrics, showing that the pace of innovation continues despite setbacks.
Grayscale has updated its third-quarter favorite crypto list. Avalanche and Morfo were removed. The increase in trading volume of AVAX and the morpho tool for portable loans has won its place.
This shows the increase in DeFi activity. Lido DAO and optimism decreased due to changes in the market sentiment. Both projects face regulatory challenges, where staking rewards are uncertain and competition increases.
Aptos gave strong results. His real estate property, Lord Scales, exceeds $540 million. This puts him in the top three public changes for the tokenized properties. The block time of Aptos decreased by almost half. The volume of trade also achieved a record, which reinforced its new peak $ 1.3 billion achieved
Crypto projects launch, grow, and expand
The revenue of the Arbitrum protocol increased by 23% this week, reaching $1.43 million. The steepest increase was seen in Ostium, which increased by 120%. Analysts have associated this with real-world asset activities in the arbitrum, which amounted to $300 million. On-stage succinct testnet received a development with Stage 2.5.
The final testnet phase of the platform includes auction-based bidding, competitive pricing, and an advanced staking system for developers. It has also designed incentives. It has active proxy clusters that ensure fast processing.
This ensures speed and reliability. This makes the transaction efficient. The team behind Pump. Fun launched the new version of its platform. The update introduces one-click token purchase, a news feed, and a real-time token tracker.
Users can now access it on Android and iOS, with the exception of the UK. Ethena has launched a new liquidity platform called Terminal. Initial deposit owners of ETH, USDe, and WBTC will receive rewards for using the terminal. The SENA holder will also benefit from receiving additional terminal points and earning more rewards in the form of incentive schemes.
Sky has given sanctions of $1 billion to the Janus Henderson on-chain strategy fund. The fund will operate under Grove, a decentralized infrastructure protocol. The aim is to connect traditional and digital financial services through safe and non-storage methods.
Blockchain privacy and launch updates
ZkLend has officially been closed. The platform did not have enough support after it faced bugs in the past, security issues, and also delisting of tokens. The remaining funds of $200,000 will be used by the team to support users and help track lost funds. Soon, its codebase will also go open-source.
Humanity Protocol addressed privacy concerns. This was earlier carried out by deleting unnecessary files from the first version of the application and confirmed that there is no leakage of biometric data. The founder-reposter assured the public that the project would use encrypted local processing.
Finally, the MoCA Foundation announced MoCA Chain. This new Layer 1 Blockchain will manage identity and data for users, devices, and AI. With EVM compatibility and ZKTLS technology, the goal is to protect privacy without dependence on a central system. Mainnet will be ready in 2025.
