Hyperliquid’s weekly trading volume surged by 32% month-over-month, accounting for 80% of the decentralised perpetuals trading market in the last week of May.
Tether launched XAUt0, an omnichain gold-backed stablecoin on TON, to facilitate cross-chain transfers without wrapping.
Consensys acquired Web3Auth to improve the user experience in the MetaMask Wallet and accelerate support for non-Ethereum Virtual Machine (EVM) chains like Solana and Bitcoin.
Sui validators approved a proposal to implement a hard fork of the Sui blockchain to recover US$162M after the Cetus Protocol was hacked.
Weekly DeFi Index
This week, the market capitalisation, volume, and volatility indices showed a decrease of -6.20%, -6.22%, and -14.38%, respectively.
Hyperliquid’s trading volume totalled $248 billion in May, surging by 32% month-over-month. Its weekly trading volume accounted for about 80% of the on-chain perpetuals trades in the last week of May. Additionally, Hyperliquid’s total value locked (TVL) doubled from $751.54 million at the end of April to around $1.54 billion at the time of writing.
Consensys, the developer of the MetaMask Wallet, acquired wallet infrastructure provider Web3Auth to enhance MetaMask’s user experience. This integration is expected to speed up MetaMask’s support for non-EVM chains like Solana and Bitcoin.
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DeFi & L1L2 Weekly — 📈 Hyperliquid’s trading volume grew by 32% MoM; Tether launched gold-backed stable XAUt0 on TON
Hyperliquid’s trading volume rose by 32% MoM; Tether launched gold-backed stablecoin XAUt0on TON. Sui validators voted to implement a hard fork of the chain.
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