Crypto.com DeFi Research

DeFi & L1L2 Weekly — 📈 LetsBONK.fun dominated meme coin trading on Solana; Pump.fun raised $500 million during its PUMP token sale

DeFi & L1L2 Weekly — 📈 Tokenised stocks trading volume on xStocks averaged $3.6 million; Hyperliquid’s latest mainnet upgrade introduced the CoreWriter contract

DeFi & L1L2 Weekly — 📈 The weekly unique users of Ethereum-based stablecoins surpassed 750,000; REX-Osprey Solana and Staking ETF is set to launch today

DeFi & L1L2 Weekly — 📈 The weekly trading volume of tokenised gold hit record highs; EigenLayer unveiled EigenCloud to enhance trust and verifiability for apps

DeFi & L1L2 Weekly — 📈 The DeFi lending TVL reached a record of US$56 billion; the US Senate passed the GENIUS Act to regulate stablecoins

DeFi & L1L2 Weekly — 📈 X and Polymarket partnered to launch a market tracking tool; Circle upsized its IPO to US$1.05 billion

DeFi & L1L2 Weekly — 📈 Hyperliquid’s trading volume grew by 32% MoM; Tether launched gold-backed stable XAUt0 on TON

DeFi & L1L2 Weekly — 📈 Solana’s weekly DEX trading volume rebounded by 34%; FIFA teamed up with Avalanche to launch its Layer-1 blockchain

DeFi & L1L2 Weekly — 🤝 Crypto.com and Canary Capital launched the Canary CRO Trust; JPMorgan settled a tokenised US Treasury fund on-chain with Ondo Finance and Chainlink

DeFi & L1L2 Weekly — 🤝 Dubai and Crypto.com partner on crypto payments for government services; ETH rose over 20% after the Pectra upgrade

DeFi & L1L2 Weekly — 🚀 21Shares launched a Cronos ETP in Europe; Polygon took the lead in the number of USDC active addresses by chain

DeFi & L1L2 Weekly — 📈 Ethereum Layer-2s weekly engagement reached a new high; Helium partnered with US telecommunications giant AT&T