The Ethereum Community Foundation is now active. It will support projects that do not involve tokens. The goal is to push the value of ETH higher and promote real-world asset use cases on-chain. This includes support for stocks, bonds, and property systems that run on Ethereum.
The foundation also aims to address technical issues, such as blob space pricing. Meanwhile, the World Liberty Financial community wants to open its WLFI token for trading. The vote is ongoing. If passed, early supporters can access unlocked tokens.
The core team and advisors will still have their tokens locked for the long term. Community members will later decide on more token unlocks and incentives. Polygon and GSR have launched Katana, a new Ethereum Layer-2. This chain focuses on DeFi.
It will only support selected apps and route funds through Morpho on Ethereum. This system aims to cut risks and raise yield efficiency. Katana uses a centralized selection method to prevent yield farming abuse. Sonic upgraded its consensus system.
Ethereum powers Speed and RWA push
SonicCS 2.0 doubles speed and cuts memory use by over two-thirds. The team based the protocol on DAG and added election tools for fast block sorting. SIMD instruction sets help process votes faster. The system has already passed hundreds of mainnet tests.
Hyperliquid crossed $1.5 trillion in yearly trading volume. In June alone, the platform hit $56 million in fees. It outpaced all other on-chain contract platforms, with nearly $250 billion traded in May and over $200 billion in early July. Revenue is now over $300 million.
Ondo Finance and Pantera Capital teamed up to invest $250 million into tokenizing real-world assets. They will buy project tokens and equity. Their plan will help bring traditional assets on-chain with tools like auto-rebalancing. The focus remains on creating stable and attractive digital finance products.
DeFi sees governance and growth
Jupiter’s Core Working Group stepped down. The DAO has moved into a new phase. The team returned 4.5 million tokens to the community treasury. Some members will keep helping the DAO as volunteers, while others join Jupiter’s internal team.
PancakeSwap v3 is live on Solana. It supports BONK and other Solana-based assets with up to 84% fee share for liquidity providers. PancakeSwap saw a record $325 billion in June trades. The total volume in Q2 reached $529 billion, helped by new features like cross-chain support.
Lido DAO’s dual governance has started. stETH holders now have more power. If a big portion of TVL is locked in protest, new time delays or a freeze on proposals can activate. The update went live on July 4.
Lastly, Sky approved its new vote. It enables SPK mining for both SKY stakers and USDS providers. The third phase of its MKR-SKY upgrade is also ready to deploy.
