DeFi Market Weekly Trends: Stablecoin Development, L2 Ecosystem, and Cross-chain Layout

Recently, the DeFi market has shown various development trends, with stablecoin projects, L2 ecosystem construction, and cross-chain layouts becoming the focal points.

New Trends in the Stablecoin Sector

The USDtb stablecoin launched by Ethena has received support from an ETF under a well-known asset management company and has partnered with Usual to mutually enhance total locked value (TVL) and incentive measures. In addition, WLFI has also joined the collaboration to integrate sUSDe into the lending market.

At the same time, Resolv's TVL has increased by nearly 400% in the past two weeks. The protocol adopts a neutral stablecoin model similar to Ethena, but introduces a Risk Liquidity Provider (RLP) mechanism to absorb market volatility risks. Resolv plans to launch on HyperEVM in the future.

Frax is also making important adjustments, establishing a partnership with Symbiotic, launching the veFRAX multi-yield structure, and considering using an ETF from a well-known asset management company as collateral for Frax USD.

In addition, Convex and Yearn have teamed up to launch the decentralized stablecoin protocol Resupply, where the reUSD stablecoin is collateralized by yield-generating stablecoins produced in the lending market.

L2 Ecosystem and Cross-Chain Development

The Ink network developed by a certain exchange has officially launched its mainnet and joined the superchain ecosystem. Dinero immediately launched the first liquidity staking token (LST) on Ink. A certain DEX plans to integrate into the Ink network in 2025, and Ink has purchased and locked a large amount of the governance tokens of that DEX.

GammaSwap is about to complete the development of Yield Token and enter the auditing phase. The project focuses on hedging impermanent loss, achieving an options-like yield curve through the lending and restructuring of LP tokens.

Ethena has proposed a new plan to integrate a certain options and perpetual futures platform. If approved, this platform will become Ethena's on-chain hedging and foundational trading venue with a TVL of $60 billion.

Other Important Developments

1. Aptos has replaced its CEO, and the new CEO will place greater emphasis on Decentralized Finance development.

2. Babypie incentivizes mBTC-BTC liquidity on multiple public chains and DEX.

3. Fluid expands to the Arbitrum network, introducing the $FLUID coin and implementing growth incentives.

4. A certain public chain foundation has launched the infraBUIDL(AI) plan; LFJ will soon launch a DEX aggregator on this public chain.

5. Morpho Labs proposed to deploy the core smart contract on multiple blockchains.

6. Sonic launches its mainnet, providing token conversion, integration with a certain lending protocol, and other functionalities.

These developments show that the DeFi market is continuously innovating and expanding, with cooperation and competition among various projects driving the progress of the entire ecosystem.