The crypto trade noticed main developments this previous week throughout DeFi, NFT, Layer 2, and AI-powered platforms.
From high-profile governance votes to billion-dollar TVL milestones and growth into new client markets, lots of the ecosystem’s main initiatives made headlines. In response to weekly information compiled by Wu Blockchain, developments ranged from infrastructure launches and tokenomics reveals to daring coverage proposals and cross-border partnerships.
Right here’s a rundown of the ten most vital crypto challenge updates from the previous seven days.
WLFI token buying and selling authorized with 99.94% help
World Liberty Monetary’s neighborhood has overwhelmingly handed a proposal to open WLFI token buying and selling. The vote, held from July 10 to 17, marks a pivotal step in transitioning WLFI from a closed setting to an open ecosystem. As soon as applied, the proposal will enable peer-to-peer and secondary market buying and selling, enabling broader participation in governance.
Aave turns into first DeFi protocol to hit $50B TVL
Aave reached a historic milestone this week, with its complete worth locked (TVL) surpassing $50 billion for the primary time. The protocol recorded a 13.93% TVL enhance over the previous seven days, reinforcing its place because the main DeFi platform. General DeFi TVL now stands at $284.39 billion—closing in on its all-time excessive of simply over $300 billion.
Eclipse unveils tokenomics: 15% reserved for airdrops and liquidity
Ethereum SVM Layer 2 protocol Eclipse revealed its ES tokenomics, confirming a 1 billion token provide. Allocations embrace 15% for airdrops and liquidity, 35% for ecosystem and growth, 19% for present and future contributors, and 31% for early supporters and buyers. ES tokens can even function the native fuel token for the Eclipse blockchain.
Pudgy Penguins companions with Chinese language IP heavyweight Suplay
Pudgy Penguins has introduced a significant partnership with Chinese language toy and life-style firm Suplay. Whereas full particulars are pending, Suplay is thought for its IP collaborations with the likes of Genshin Impression, Sanrio, Disney, and the Palace Museum. The partnership marks a major step in Pudgy Penguins’ growth into the Asian market.
Kaito AI teases launchpad for early crypto challenge investing
Kaito AI revealed its upcoming “Capital Launchpad,” designed to supply crypto-native buyers early entry to promising initiatives. Not like meme token platforms, it goals to resemble Echo—a blockchain-based angel investing community. KAITO token stakers and high Yappers might achieve early entry into personal token gross sales as soon as the platform goes reside.
Sonic Labs introduces Spark for one-click Web3 deployment
Sonic Labs unveiled Spark, an AI-powered growth platform that lets customers create and deploy Web3 apps utilizing easy pure language instructions. Constructed on Google’s Gemini mannequin, Spark gives full-stack technology, real-time debugging, and danger scoring—all inside the browser and with out coding information. The device is designed to dramatically decrease the barrier to blockchain growth.
Ondo Finance acquires Strangelove Labs for RWA acceleration
To fast-track the expansion of its real-world asset (RWA) platform, Ondo Finance has acquired Strangelove Labs. The blockchain infrastructure agency contributed to numerous multi-chain and SDK improvements. Jack Zampolin, former CEO of Strangelove, will now function Ondo’s Vice President of Product to spearhead RWA product technique.
Kosta has been working within the crypto trade for over 4 years. He strives to current completely different views on a given subject and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced protection of occasions and developments within the crypto area, offering info to his readers from a impartial perspective.
