Quick Updates

  • AAVE Deposits Reach $30B: AAVE continues to dominate DeFi with $30 billion in deposits across 13 chains.

  • Zircuit Token Launches Today: Zircuit, a Layer 2 blockchain optimized for DeFi, releases its token for stakers.

  • Base TVL Hits New Highs: Base network’s TVL surpassed $10B, with TPS reaching 104.47, making it the second Ethereum L2 to achieve this milestone after Arbitrum.

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Cantor Fitzgerald Acquires 5% Stake in Tether

Cantor Fitzgerald has purchased a 5% stake in Tether, valued at $600M, while CEO Howard Lutnick becomes Trump’s Secretary of Commerce. With Cantor managing Tether's $134B USDT reserves, this dual role could influence regulatory oversight as Tether faces investigations.

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Sui Partners with Franklin Templeton

Franklin Templeton, managing $1.5T in assets, has teamed up with $SUI to enhance blockchain development. This follows the Grayscale $SUI Trust launch and USDC deployment on $SUI , signaling growing network adoption.

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Understanding Account Abstraction on Ethereum

Account Abstraction (AA) is revolutionizing Ethereum wallets by enabling externally owned accounts (EOAs) to operate like smart contracts. This allows for advanced features such as custom signature schemes, including Passkeys. Key Ethereum Improvement Proposals (EIPs) supporting this innovation include:

  • EIP-4337: Powers smart contract wallets without altering Ethereum’s core.

  • EIP-3074: Links EOAs with smart contracts using new opcodes.

  • EIP-7702: Delegates EOA functionality to external contracts without major EVM changes.

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EIP-7805: Tackling Centralization in Block Production

Ethereum's block production is dominated by two entities—Beaverbuild and Titanbuild—raising concerns over potential transaction censorship. EIP-7805 introduces FOCIL (Fork-choice Enforced Inclusion Lists), which enforces transaction inclusion to enhance censorship resistance without altering the centralized nature of block-building.

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The $120B Memecoin Market

Memecoins have emerged as a dominant force in the crypto space, with a market cap exceeding $120 billion. This sector has evolved from Dogecoin's early days to a diversified market featuring tokens like Shiba Inu, Pepe, and Solana-based memes. While dog-themed tokens remain prevalent, new trends in Internet Culture and Sentient AI categories are gaining traction. The memecoin market is expected to mirror broader crypto trends, with a mix of enduring staples and emerging opportunities.

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Fragmentation to Fusion: Intent-Based Blockchain Ecosystems

The modular intent stack framework and ERC-7683 standard promise to unify fragmented intent-based applications like CoW Swap and UniswapX. This approach standardizes intent representation, leverages DA networks for propagation, and incorporates decentralized solver selection. If successful, it could transform isolated systems into a seamless, interconnected ecosystem.

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Crypto’s Next Phase: Beyond Speculation

The crypto industry is transitioning from a speculative phase to one focused on infrastructure optimization. With abundant blockspace, low fees, and mature tooling, the next wave of innovation depends on regulatory clarity and fresh talent.

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The High Costs of Blockchain Launches

Launching a new blockchain requires tens of millions of dollars in infrastructure, ecosystem development, and legal compliance. As a result, the industry is expected to stabilize around a few hundred chains, moving away from the notion of supporting thousands.

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Stay tuned for more updates on the rapidly evolving blockchain and crypto ecosystem!