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

The weekly unique users of Ethereum stablecoins surpassed 750K. REX-Osprey Solana and Staking ETF is set to launch today. Centrifuge and S&P Dow Jones Indices set to launch a tokenised S&P 500 Index fund.

Quick Take

  • REX-Osprey Solana and Staking exchange-traded fund (ETF) is set to launch today.
  • Centrifuge and S&P Dow Jones Indices announced plans to launch the first tokenised S&P 500 Index fund. 
  • World Liberty Financial partnered with Re7 Labs to establish a USD1 stablecoin vault.
  • Robinhood announced its L2 chain built on Arbitrum.
  • Maple Finance accepts liquid restaking protocol EtherFi’s weETH as collateral.
  • Polymarket is reportedly set to raise a US$200 million fund at an approximate valuation of $1 billion.
  • Pump.fun unveiled its mobile application for iOS and Android devices. 
  • Botanix Labs launched its Bitcoin L2, Botanix mainnet, alongside integrations with Chainlink, Fireblocks, and GMX.
  • Vitalik Buterin proposed pluralistic identity systems, relying on multiple ID providers instead of a single authority to safeguard privacy.

Weekly DeFi Index

This week, the market capitalisation, volume, and volatility indices dipped by -2.04%, -29.23%, and -71.67%, respectively.

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  • Aave DAO approved a proposal to include EURC, Circle’s euro-backed stablecoin, as a collateral asset on Aave V3 Core. This move broadens the protocol’s stablecoin options and may draw in new users interested in euro-denominated lending and borrowing. Additionally, Aave’s native stablecoin, GHO, was launched on the Avalanche network utilising Chainlink’s Cross-Chain Interoperability Protocol (CCIP).

Chart of the Week

Ethereum-based stablecoins adoption reached an all-time high, surpassing 750,000 weekly unique addresses. This represents a significant shift from speculation to genuine interest. While USDT and USDC still dominate the market, other stablecoins have room to capture a meaningful market share. As the market matures, competition helps drive innovation, benefitting users through improved services and reduced costs.




News Highlights


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