Weekly DeFi Index

This week, market cap increased by +4.50%, while the volume and volatility indices dropped by -13.54% and -16.24%, respectively.

• The Jito Foundation acquired and is relaunching SolanaFloor, a Solana-focused data and news platform, following its shutdown after a US$27 million exploit tied to its parent company, Step Finance.

Chart of the Week

Bitcoin's network surpassed 20 million mined coins on March 9, with a current block subsidy of 3.125 BTC per block. This milestone was reached at block height 939,999. Fewer than 1 million BTC remain to be issued until the estimated final supply is reached in 2140.

News Highlights

• Broadridge Financial Solutions integrated Crypto.com into its NYFIX order routing network, marking NYFIX’s first cryptocurrency connection in Asia and enabling global brokers to route crypto orders through a trusted, FIX-based infrastructure.
• Florida passed the nation’s first state-level regulatory framework for stablecoins, providing legal clarity and aiming to attract digital asset businesses to the state amid ongoing federal legislative delays.
• Sui launched its native stablecoin, Sui Dollar (USDsui), which features a mechanism to redirect treasury yields back into the network to incentivize liquidity and ecosystem growth.
• Sonic Labs launched USSD, a treasury-backed stablecoin, as part of a strategic effort to stimulate user activity and reverse a recent decline in network metrics.
• Starknet introduced STRK20, a new privacy framework for ERC-20 tokens. It uses zero-knowledge proofs to enable transactions with enhanced confidentiality on the L2 network.
• Circle launched Nanopayments on its testnet, designed to facilitate micro-transactions that were previously uneconomical due to high network fees.
• Société Générale-FORGE deployed its MiCA-compliant euro stablecoin, EURCV, on the Stellar network, expanding its institutional-grade stablecoin presence to a third blockchain.
• The Ethereum Foundation detailed a vision for the network to serve as a decentralized "trust layer" for AI, focusing on verifying AI training data and model outputs.

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