DeFi lending platform Skyproposed to change its governance token from Maker (MKR) to Sky (SKY). The proposal, which includes penalties for slow upgrades and staking rewards, aims to finalise the platform’s upgrade and enable exchanges to adopt SKY without liquidity concerns. If accepted, the change will take place between 15 and 19 May.
Chart of the Week
Polygon took the lead in USDC stablecoin usage for the second consecutive month with 2.9 million active USDC addresses in April, while also reaching an estimated all-time high of 1.7 million active USDT addresses. The combined transfer volume for USDC and USDT on Polygon reached a new peak of US$2.6 billion.
News Highlights
21Shareslaunched a CRO ETP in Europe. The instrument is listed on Euronext’s Paris and Amsterdam exchanges, allowing investors to gain regulated exposure to the Cronos ecosystem.
Ethena will integrate its USDe and sUSDe stablecoins natively within The Open Network (TON). The integration will allow Telegram users to access US dollar-denominated savings directly within the platform, with plans to roll out support for custodial and non-custodial wallets. Ethena’s sUSDe has been completely redeveloped to be native to TON smart contracts under a new asset called tsUSDe, and the USDe stablecoin will be introduced on TON through the LayerZero interoperability protocol.
Video game publisher Ubisoftlaunched the Decentralized Verification Network (DVN) in collaboration with blockchain infrastructure firm LayerZero. The DVN enables the transfer of digital assets between more than 130 blockchain networks, including Ethereum, Solana, and Polygon, addressing technical challenges in blockchain gaming.
Libre Capitalannounced its partnership with The Open Network to launch a $500 million fund on the TON blockchain, allowing accredited investors to access tokenised Telegram bonds and yield.
Aztec Networklaunched its public testnet for its Ethereum-based Layer-2 solution, introducing a fully programmable privacy solution for blockchain.
Research Roundup Newsletter [March 2025]: We present to you our latest issue of Research Roundup, featuring our deep dives into ‘Crypto Card Consumer Spending Insights 2024’ and ‘RWA Tokenisation’.
Wall Street On-Chain Part 2 – RWA Tokenisation: Real-world asset (RWA) tokenisation is revolutionising traditional finance by bringing liquidity, efficiency, and accessibility. This report explores tokenisation by asset classes, including institutional adoption and regional initiatives, as well as RWAs by chain.
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DeFi & L1L2 Weekly — 🚀 21Shares launched a Cronos ETP in Europe; Polygon took the lead in the number of USDC active addresses by chain
21Shares launched a Cronos ETP in Europe. Polygon took the lead in terms of the number of USDC active addresses by chain. Ethena will integrate its USDe and sUSDe within The Open Network.
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