Coinbase Bitcoin-Backed USDC Loans
When users borrow, their Bitcoin is converted into cbBTC and deposited into the Morpho lending protocol on Base.
Coinbase supports Bitcoin-backed USDC loans.
Aevo transitions from Celestia to EigenDA.
Tradable brings RWAs to ZKsync Era.
Base shares 2025 mission.
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Coinbase now allows users to use Bitcoin as collateral for USDC loans on its centralized exchange, leveraging the Morpho Blue lending protocol on Base. When users borrow, their Bitcoin is converted into Coinbase Wrapped Bitcoin (cbBTC) on Base and deposited into the Morpho lending protocol. Loans can be managed directly through the Coinbase app. nA minimum of $20,000 worth of Bitcoin is required to initiate a loan, with borrowing limits up to $100,000 and a maximum loan-to-value (LTV) ratio of 86%. Loans exceeding the LTV threshold will be automatically liquidated. The lending feature is available to U.S. users, excluding residents of New York, with plans to support additional collateral types in the future.
Aevo is transitioning its data availability layer from Celestia to EigenDA to achieve tighter integration with Ethereum’s security, lower costs, and near-instant data throughput. With the transition, Aevo aims to enhance performance and user experience. EigenDA leverages the economic security and decentralization of EigenLayer restakers. As an Actively Validated Service (AVS) on EigenLayer, EigenDA provides secure and cost-effective data availability with a throughput of 15MB/s for rollups. Aevo, a derivatives-focused rollup built on a customized OP Stack codebase, operates an options trading exchange featuring an offchain order book paired with onchain settlements.
Tradable, a private credit tokenization platform, is bringing $1.7 billion in real-world assets onto ZKsync Era. According to data from RWA.xyz, the addition of 27 tokenized institutional-grade private credit positions by Tradable propels ZKsync to become the second-largest blockchain by real-world asset (RWA) total value. The deployment also positions Tradable as the second-largest tokenization platform, following Figure. Tradable bridges traditional asset management with onchain solutions and leverages ZKsync for secure, scalable, and cost-effective transactions. Although the smart contracts have been deployed, tokens have not yet been issued to holders. Tradable is developing a permissioned DEX and has plans to enable collateralized lending in the future.
Base released its 2025 mission, vision, and strategy. Base aims to create a global onchain economy by focusing on five pillars: empowering builders, fostering a thriving ecosystem of apps, simplifying user ownership, advancing onchain markets, and enabling decentralized global access. In 2025, Base aims to achieve 25 million users, 25,000 developers, and 1 billion monthly transactions.
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OP Security Council Cohort B
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Lens Hackathon winners
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28% Of Validators Signal Gas Limit Increase
Over 28% of validators now signal a block gas limit greater than 30 million.
28.8% of validators signal a gas limit increase.
Pyth introduces Pyth Lazer.
Web3.js is sunsetting in March.
Methods for optimal blockchain resource allocation.
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According to data shared by Ethereum researcher Toni Wahrstätter, over 28% of validators now signal a block gas limit greater than 30 million. Raising the block gas limit allows each block to contain more data, which improves transaction throughput. An increase of 10 million gas could reduce Layer 1 transaction fees by an estimated 15-33%. The adjustment does not require a hard fork; validators can simply raise the gas limit when proposing blocks by modifying their node configurations. When more than 50% signal for an increase, the block gas limit will automatically increase to the next agreed-upon level, which is currently targeted to be 36 million gas. Validator operators can learn more by visiting pumpthegas.org.
Pyth Network unveiled Pyth Lazer, an advanced ultra-low-latency oracle solution tailored for high-frequency trading, derivatives, and perpetual futures protocols. Pyth Lazer delivers 1-millisecond price updates, supports up to 20 price feeds per transaction, and operates with just 15,000 compute units for 100-byte proofs. It provides real-time insights into market depth, bid-ask spreads, and features customizable frequencies. Pyth Network powers DeFi applications with reliable offchain price feeds sourced from exchanges and market makers. Pyth Lazer is 400 times faster than the legacy Pyth Core oracle, setting a new benchmark for speed-sensitive DeFi protocols. Initial adopters of Pyth Lazer include Orderly Network, Drift Protocol, and Ethereal.
Web3.js, a TypeScript interface for Ethereum, will archive its libraries on March 4, 2025, as ChainSafe is transitioning away from maintaining the library. With the growth of alternative frameworks like Viem and Ethers.js, ChainSafe will shift its focus to new projects while offering support to developers migrating from Web3.js. As a framework, Web3.js enabled developers to build applications by providing tools for interacting with Ethereum smart contracts, accounts, and nodes. The transition will follow a structured migration plan, including comprehensive documentation, security updates, support via GitHub and Discord, and migration guides for Ethers.js and Viem. The process will conclude with transferring NPM access rights to the Ethereum Foundation.
Ethereum researcher Barnabé Monnot published an article examining alternative methods for metering and pricing resources such as computation storage, and data handling, focusing on the trade-offs between transaction-level and block-level metering and the role of mediated pricing. The post argues that block-level metering and mediated pricing can lead to better resource allocation and scalability.
USCC surpasses $100m AUM
Reown raises $13m
Poll: Danny Ryan ED of EF
FOCIL breakout #2
Protocol Guild design brief
Gasless voting for ENS and Uniswap
Base gas target increase to 21 Mgas/s
EIP: Block-level warming
Ledger Live integrates Uniswap
Latest Unichain integrations
Kraken’s legal team of 70
Curve Finance 2024 report
Taiko client v0.43 upgrade
Across live on Soneium
Reservoir live on Shape
OnchainKit introduces Wallet Island
elizaOS goes live on Polygon
Soneium Goes Live On Mainnet
Users can now bridge to Soneium, mint NFTs, and swap on the network. Initial protocols on Soneium include Velodrome, Astar Network, Chainlink, and Circle.
Soneium goes live on mainnet.
Polygon launches Season 2 grants.
Ethereum Foundation leadership transitions.
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Soneium, an OP Stack Layer 2 chain developed by Sony Block Solutions Labs, is now live on mainnet. Soneium is designed as a general-purpose chain for applications across entertainment, gaming, and finance. The project aims to bring mainstream users into Web3 by integrating with Sony’s existing products and services. Users can now bridge to Soneium, mint NFTs, and swap on the network. Protocols live on the network include Velodrome, Astar Network, Chainlink, and Circle. As part of the Superchain, Soneium will contribute to the Superchain Collective, implement shared upgrades, and allocate a portion of sequencer revenue to retro funding.
Polygon is now accepting applications for Season 2 of the Polygon Community Grants Program (CGP). This season offers 35 million POL in grants, with 20 million POL allocated to a Direct Funding Track for general projects and 15 million POL dedicated to initiatives in AI agents, apps, infrastructure, DePIN, and memecoins. Grants will be distributed on a rolling basis by independent grant allocators. Participants will also gain access to tools, resources, dedicated support channels, networking opportunities, and marketing support. Applications are open from January 14 to April 15, 2025. The initiative is part of Polygon’s 1 billion POL grant program, which aims to grant 100 million POL per year over the next decade.
Hsiao-Wei Wang, Alex Stokes, and Barnabé Monnot have taken on new leadership roles at the Ethereum Foundation. Hsiao-Wei Wang has joined the Ethereum Foundation (EF) Leadership Team, while Barnabé Monnot and Alex Stokes have stepped into roles as co-leads of Ethereum Foundation Research (EFR). Previously, Hsiao-Wei Wang led the Consensus R&D team, Alex Stokes headed the Applied Research Group (ARG), and Barnabé Monnot served as the team lead for the Robust Incentives Group (RIG), all within the Ethereum Foundation. Ethereum Foundation Research (EFR) consists of five specialized teams, including Applied Research Group (ARG), Consensus R&D, Cryptography, Protocol Security, and Robust Incentives Group (RIG).
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Base hits $100b Uniswap vol
2025 State of USDC report
LayerZero Quick Merkle Database
USDT added to Superchain Token List
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