1. DeBank announced that the airdrop of DeBank XP was snapshotted on July 4th link

DeBank announced that the airdrop of DeBank XP was snapshotted at 8:00 am on July 4th, Beijing time. All active addresses have the opportunity to receive the initial XP airdrop. DeBank has distributed XP to addresses holding assets greater than 0 and meeting any of the following conditions: active on-chain addresses in 2024 (initiating at least one transaction); active on DeBank in 2024. The initial XP of each address will be confirmed by its on-chain assets, credit, and Web3 social ranking on DeBank.

2. Tether stops supporting USDT and EURT on Omni, Kusama, SLP, EOS, and Algorand blockchains link

Tether announced that it will stop supporting USDT and EURT on the Omni, Kusama, SLP, EOS, and Algorand blockchains and freeze the remaining tokens starting September 1, 2025. Tether encourages users holding these tokens to redeem or transfer the tokens to supported blockchains as soon as possible. Tether said that community feedback is crucial in its decision-making process, which aims to improve security and efficiency.

3. OP Labs: Fjord upgrade will be launched on OP mainnet on July 11th link

OP Labs tweeted that the Fjord upgrade was launched on the OP mainnet at 0:01 on July 11, Beijing time. This upgrade will bring new features and reduce costs, including 20 times lower smart wallet key verification costs through RIP-7212 precompilation; developers can create smart wallet experiences without scale and cost restrictions; more accurate pricing functions and more efficient Brotli batch compression, transaction costs will drop by 5 to 15%; sequencer drift increased from 10 minutes to 30 minutes, etc.

4. Worldcoin Foundation announces one-year extension of WLD token grant reservation period link

The Worldcoin Foundation has announced a one-year extension to its WLD token grant pre-order period. Originally launched in July 2023, the pre-order program was designed to allow individuals without a verified World ID to reserve WLD tokens for redemption at a later date. The move is to ensure more people can participate in the Worldcoin project, regardless of whether they have access to an Orb device. Originally set to expire in July 2024, the pre-order period has now been extended to July 31, 2025.

5. Compound CEO and founding team resigned to create a new DeFi protocol Legend link

Compound founder and CEO Jayson Hobby announced his resignation and launched a new DeFi protocol Legend with two other Compound Labs executives. The other two executives include Compound founder and CTO Geoffery Hayes and Compound Vice President of Product Mykel Pereira.

6. Aave DAO and MakerDAO at odds over $2 million profit-sharing agreement link

Aave DAO and MakerDAO have a disagreement over a profit-sharing agreement, and MakerDAO's lending protocol Spark (a fork of Aave v3) has been accused of violating its agreement with Aave DAO. Representative Marc Zeller revealed that in February 2023, Phoenix Labs, the company behind Spark, proposed to share 10% of the agreement's profits over two years, and Spark was expected to pay Aave a total of $2 million. But Spark did not fulfill its obligations under the agreement, and due to some creative accounting operations by MakerDAO, the actual revenue share was closer to 1%.

7. io.net: Apple M chips will be temporarily removed from the list of supported devices link

Solana Ecosystem DePIN Protocol io net announced that it will temporarily remove Apple M chips from the list of supported devices, and will stop supporting devices for M-series chips including M2 and M3 on July 15. Support for M2 Ultra and M3 devices will continue until the end of this month. io net said that based on discussions with current and potential customers, prioritizing GPUs and providing incentives for GPUs with high demand are very important for the sustainability of the network. Rewards for all M-series chips will be transferred to eligible GPUs. If there is demand or opportunity to exploit M-series chips in the future, support will be restored. The team will carefully re-evaluate this situation every month and resume support for more devices as soon as feasible.

8. Oracle Network Pyth Network releases its latest product Express Relay link

The oracle network Pyth Network released its latest product Express Relay to solve the long-standing MEV problem in processing liquidations and improving the market efficiency of DeFi transactions. The product connects DeFi protocols directly to mature searcher networks through an auction mechanism controlled by the protocol to perform valuable transactions such as liquidations. Searchers that have been integrated with Express Relay include Flow Traders, Wintermute, etc.

9. UniSat: Most of the development work on L1 Swap has been completed, and Fractal Swap and incentives will be introduced link

UniSat said in a statement that most of the development work on L1 Swap has been completed, and the remaining work mainly includes assisting indexers other than UniSat Indexer to effectively identify and calculate inscriptions related to the Swap module. In addition, the expansion plan Fractal Swap is scheduled to go online in September to ensure liquidity and introduce an incentive mechanism.

10. Data: 109,600 Runes deployed, over 28 million Runes minted link

According to the @1999_eth data panel, as of July 8, the number of Runes deployed reached 109,600, with a total mining fee consumption of approximately 76.7 BTC, an average of 1,405 runes deployed per day, and an average daily consumption of 0.98 BTC; the number of Runes minted exceeded 28 million, with a total mining fee consumption of 2,270 BTC, an average daily minting of approximately 360,000, and an average daily consumption of approximately 29.1 BTC; the total number of minted wallets reached 1.58 million (including miner wallets of proxy platforms), and the top-ranked wallet had minted a total of 377,500 Runes, and most of the top-ranked wallets were arbitrageurs.