Recent Trends in the DeFi Market: New Trends in Stablecoins and Ecosystem Expansion

New Trends in the Stablecoin Sector

Recently, the stablecoin market has welcomed a new wave of development. The USDtb launched by Ethena and Usual's USD0 have attracted attention, as the two collaborate to enhance each other's total locked value (TVL) and incentive mechanisms. Meanwhile, WLFI has also joined the collaboration, integrating sUSDe into the lending market.

The development of stablecoins in this round shows a clear trend of collaboration, which is more mature compared to the previous competitive landscape. Usual has adopted a multi-party gaming mining mechanism, similar to the model during the DeFi Summer period, but has innovated in terms of the concept of physical assets, the refinement of the gaming model, and liquidity exit.

Resolv, as another Delta-neutral stablecoin protocol, has seen its TVL grow by nearly 400% in the past two weeks. Its uniqueness lies in the introduction of the RLP( risk liquidity provider ) mechanism, which serves as a buffer layer between USR and the underlying assets, providing options for users with different risk preferences.

Frax is also actively adjusting its strategy by collaborating with Symbiotic to launch the veFRAX multi-yield structure and is considering including a certain asset in the collateral range for Frax USD.

Super Chain Ecosystem Expansion

The Ink mainnet developed by a trading platform has officially launched, joining the superchain camp. Dinero has immediately launched the first liquid staking token (LST) on Ink. Velodrome plans to integrate into Ink by 2025 and has locked a large amount of veVELO. This trend indicates that compliant exchanges developing their own Layer 2 networks may become the mainstream direction in the coming years.

New Developments in DeFi Projects

1. Convex and Yearn have teamed up to launch the decentralized stablecoin protocol Resupply, which uses reUSD as collateral, a stablecoin generated from the earnings of the lending market.

2. GammaSwap's Yield Token is about to complete development and enter the audit phase, focusing primarily on hedging impermanent loss.

3. Ethena has proposed a new initiative to integrate Derive options and perpetual futures. If approved, Derive will become an important part of the Ethena ecosystem.

4. Aptos announces leadership changes, and the new CEO will place greater emphasis on Decentralized Finance development.

5. Babypie incentivizes mBTC-BTC liquidity across multiple chains and decentralized exchanges.

6. Fluid expands its business to the Arbitrum network and implements growth incentive measures.

7. A certain public chain foundation has launched a new infrastructure construction plan, while multiple projects within the ecosystem are also actively expanding. LFJ is about to launch a DEX aggregator, Morpho Labs proposed to deploy core smart contracts across multiple chains, and Sonic has launched its mainnet and integrated multiple functions.

These developments demonstrate the ongoing innovation and expansion of the DeFi market, where various projects are competing in different tracks while also seeking cooperation and ecological integration to propel the entire industry forward.