Category: DeFi Digest

Ondo Finance launches tokenized U.S. Treasuries on XRP Ledger, offering 24/7 access to short-term government bonds via Ripple’s stablecoin RLUSD, targeting institutional users.

Cross-chain usage hits a five-month high with $17.3B in May bridge volume, driven by DEX integrations like PancakeSwap’s partnership with Across Protocol and rising stablecoin demand.

Ondo Finance tokenizes OUSG on XRP Ledger, expanding institutional access to tokenized US treasuries with BlackRock’s BUIDL backing, enabling 24/7 transactions via RLUSD stablecoin.

PancakeSwap introduces one-click crosschain swaps via Across Protocol to simplify DeFi UX, enabling seamless asset transfers between BNB Chain, Arbitrum, and Base without complex bridges or high fees.

PayPal’s PYUSD stablecoin has exceeded $1 billion market cap, becoming the 10th-largest in DeFi. Growth appears more organic after initial Solana-driven spikes, with Ethereum remaining dominant for stablecoins.

Bitcoin analyst Willy Woo criticizes Strike’s lending practices for rehypothecating customer funds, raising risk concerns. Strike CEO Jack Mallers defends the company’s partnerships and transparency.

1inch has upgraded its price route discovery algorithm, promising 6.5% better swap rates, faster trades, and improved gas efficiency. The update aims to enhance user experience and DeFi accessibility.

Franklin Templeton introduces intraday yield for BENJI fund, enabling real-time yield distribution on tokenized securities across multiple blockchains, enhancing opportunities for investors.

The article discusses Ethereum staking reaching an all-time high, with 30% of ETH supply staked, and explores Snorter Token ($SNORT) as a potential high-yield staking alternative offering 487% APY.