Weekly Project Updates: Pumpfun's Trading Volume Proportion on Solana Reaches a New High, Dogecoin Foundation Establishes a Reserve, Hyperliquid Adds On-chain Validator Voting, etc
1. Pumpfun Accounts for 20% of Solana DEX Trading Volume on Friday, Reaching an All-time High link
Pumpfun (bonding curve + PumpSwap AMM) accounted for 20% of Solana DEX trading volume yesterday, reaching a record high. In the past 30 days, non — Pumpfun Meme accounted for 33% of DEX trading volume, SOL — USD accounted for 27%, Pumpfun Meme accounted for 25%, and others accounted for 15%. Raydium once accounted for 70% of Pumpfun token trading volume, but currently PumpSwap accounts for over 60% of Pumpfun token trading volume. However, Raydium still holds a 90% market share in non — Pumpfun tokens.
2. Dogecoin Foundation’s New Business Unit Launches DOGE Reserve, with the First Purchase of 10 Million DOGE link
The Dogecoin Foundation, through its newly established commercial division, has established the “Official Dogecoin Reserve” and purchased the first batch of 10 million DOGE (approximately $1.8 million) at the current market price. This initiative is part of the foundation’s collaboration with the House of Doge. The House of Doge became the official commercialization partner of the foundation after signing a five-year cooperation agreement in February this year. The DOGE reserve is intended to serve as a proof of concept to demonstrate the feasibility of Dogecoin in efficient and seamless transactions.
3. Berachain’s Cross-chain Asset TVL Reaches $3.4 Billion, with Stablecoins Accounting for Over 40% link
Berachain’s current TVL of major cross — chain assets (excluding on — chain native assets) is approximately $3.4 billion. Among them, stablecoins account for approximately $1.42 billion (41.5%), BTC — like assets are about $1.35 billion (39.5%), and ETH — like assets are around $0.65 billion (19%). Although the TVL has slightly recovered in terms of US dollars in the past week, this growth mainly stems from the price increase of mainstream assets, with an actual net asset outflow of approximately $20 million. However, during the same period, the total amount of on — chain stablecoins has increased by more than $200 million, mainly in USDC. Approximately $110 million of USDC has been minted into the Honey supply. It is thus speculated that the net — outflow assets are mainly BTC and ETH — like assets.
4. Hyperliquid Adds a Completely On-chain Validator Voting Function for Asset Delisting link
Hyperliquid has announced that its blockchain has been upgraded with a new full — on — chain validator voting function for asset delisting. When sufficient votes are reached to support delisting, the operation will automatically trigger on — chain execution. As a demonstration of this mechanism, Hyper Foundation validators 2–5 will vote at around 21:00 on March 29, 2025 (Beijing time) to decide whether to delist the MYRO contract. Hyper Foundation validator 1 will abstain from voting until the delegation of the initial delegation plan participants is completed.
5. Polymarket Suffers a Governance Attack: Large Holders Manipulate the Oracle to Change the Outcome for Profits link
The prediction platform Polymarket has recently encountered a governance attack. A large UMA holder in the prediction market for “Whether Ukraine will agree to sign a mineral agreement with Trump before April” manipulated the UMA oracle by using the voting weight at the last moment, causing the market to settle according to the unoccurred real — world result (YES), and successfully reversed the situation to make a profit. Although Trump only said that he “expects to sign the agreement soon”, there is no official statement. Polymarket still ruled it as YES. The official of Polymarket responded on Discord, admitting that the ruling does not match the expectation, but refused to refund because it is not a system failure. It promised to optimize the mechanism and strengthen the monitoring with the UMA team, and will release more details in the future.
6. Scallop Lend’s Daily Revenue is Nearly $80,000, Ranking Second Among DeFi Lending Protocols link
Scallop Lend has achieved a revenue of $79,920 in the past 24 hours, ranking second in the revenue list of DeFi lending protocols, second only to Aave. As of March 28, 2025, the total value locked (TVL) of Scallop Lend is $146.27 million, and the total deposits and collateral assets amount to $188 million. In the past three days, the protocol has completed the launch of the WAL token and jointly launched a revenue — generating activity with Binance Wallet to continuously promote the growth of the ecosystem.
7. UniSat Wallet Announces to Stop Supporting the Atomicals Protocol on April 4th link
UniSat Wallet has announced that it will discontinue support for the Atomicals protocol after updating the extended wallet to version 1.6.0 at 02:00 (EST) on April 4, 2025. UniSat reminds users to transfer their Atomicals assets to a compatible wallet before the update; otherwise, they will be unable to view the relevant assets in UniSat Wallet after the update.
8. Abracadabra Confirms a Hack with a Loss of 13 Million MIM Tokens, and the DAO Has Repurchased 50% and Launched a Compensation Plan link
Abracadabra official has confirmed that its gmCauldrons product was hacked yesterday, resulting in a loss of approximately 13 million MIM (about 6,000 ETH). The DAO treasury has urgently used some assets to repurchase 6.5 million MIM, accounting for 50% of the total loss. The remaining part will be gradually absorbed in the next few months, and it is expected to complete all repayments by the middle of 2025. The team is cooperating with security agencies such as Chainalysis to track the whereabouts of funds, has publicly disclosed the relevant addresses of the hacker, and said that it is willing to negotiate with the attacker on the vulnerability bounty to return the funds. Previously, the GMX and @MIM_Spell — related contracts had been hacked, resulting in a loss of approximately $13 million.
9. BNB Chain Announces the Launch of a $100 Million Permanent Liquidity Plan link
BNB Chain has announced the launch of a $100 million Permanent Liquidity Program, aiming to enhance on — chain liquidity by incentivizing the listing of newly — issued native BNB Chain tokens on major exchanges. The program covers various sectors, including Meme, AI, DeFi, and Gaming, and offers eligible native tokens a maximum reward of $800,000. The reward funds will be used for single — sided or dual — sided capital injections into liquidity pools to ensure the long — term stability of the market.
According to BNB Chain’s tweet, for the “ $100 million Permanent Liquidity Program”, the participating tokens must be 100% native to BNB Chain. In addition, projects that have been listed on exchanges before the official announcement are not eligible for rewards.
10. Binance Launchpool Will Launch the 66th Project GUNZ (GUN) link
Binance has announced that the 66th project on Binance Launchpool will be GUNZ (GUN), which is the L1 of an AAA game developed by Gunzilla Games. The event will start at 08:00 on 2025–03–28, and users can participate through BNB, FDUSD, and USDC. Meanwhile, Binance will list the GUN/USDT, GUN/BNB, GUN/FDUSD, and GUN/TRY trading pairs at 13:00 (UTC + 8) on 2025–03–31.
Gunzilla Games has raised a total of $76 million in funding. The latest round was a $30 — million Series A in March 2024, led by CoinFund and Blizzardd Fund. According to LinkedIn, Timur Davidenko, the CTO of Gunzilla Games, served as the technical director at Crytek, the developer of the Crysis series and Far Cry games, for 18 years.
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Category: China News
Post by: TheBitTimes.com
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