Category: DeFi Digest
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Hyperliquid Dominates DEX Market Despite $100M Loss
Hyperliquid DEX dominates the market despite a $100M loss, showcasing resilience with $1.46B TVL and 75% HYPE gains. Coinbase will list HYPE-PERP futures on June 5.
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PancakeSwap Records $138 Billion in Monthly Volume, Surpasses Uniswap – “The Defiant”
PancakeSwap surpasses Uniswap with $138 billion in monthly volume, driven by upgrades and increased activity, including a $3M EOS purchase by World Liberty Financial.
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Sui Community Launches Vote on Recovering $162,000,000 in Stolen Crypto From Hacker – The Daily Hodl
The Sui community is voting to recover $162 million in stolen crypto from a hacker who exploited Cetus Protocol. The proposal requires 50% validator stake approval, with 71% already voting yes.
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Midas launches tokenized T-Bill on Algorand
Midas launched a tokenized US Treasury bill on Algorand, enabling European investors to access yield-bearing bonds with no minimum investment. The mTBILL offers 4.06% yield and lower entry barriers than competitors like BlackRock’s BUIDL.
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Jack Mallers Announced A New System Of Bitcoin Backed Loans At Strike
Strike CEO Jack Mallers announced Bitcoin-backed loans at 9-13% interest rates, criticizing traditional banks’ high rates and advocating Bitcoin as a stable, sovereign asset.
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Ethereum Foundation Moves Deeper Into DeFi with $2 Million GHO Loan – “The Defiant”
The Ethereum Foundation borrowed $2 million in GHO stablecoin from Aave, signaling a shift toward DeFi borrowing over ETH sales for operational funding. This move follows criticism of its ETH liquidation strategy.
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Cointelegraph Bitcoin & Ethereum Blockchain News
BlackRock’s sBUIDL is a DeFi-compatible ERC-20 token representing its $1.7B tokenized money market fund, BUIDL. It enables yield generation from US Treasurys and repos onchain, integrating with DeFi protocols like Euler.
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Ethereum Foundation embraces DeFi borrowing $2M in stablecoins on Aave using ETH collateral
The Ethereum Foundation borrowed $2M in GHO stablecoins using wETH as collateral on Aave, showcasing DeFi’s utility and avoiding ETH sales for liquidity.
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Reactive Network Launches Phase 2 of Its Staking Program with New Pools and Increased Flexibility
Reactive Network launches Phase 2 of its staking program, offering flexible lock-up durations, enhanced UI, and a 2.3M REACT reward pool. Participants can choose 30, 60, or 90-day staking options.
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Donut Labs raises $7M to launch first ‘agentic’ crypto browser
Donut Labs raised $7M to develop an AI-powered ‘agentic’ crypto browser that autonomously executes blockchain transactions like swaps and yield farming.
