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Aave Launches Horizon RWA Market

A new lending market allowing qualified institutions to borrow stablecoins against tokenized real-world assets (RWAs).

Quick Take

  • Aave launches Horizon RWA market.

  • Optimism invites Ronin to OP Stack.

  • DEF coalition letter to Congress.

  • ETH Strategy partners with Derive.



Aave Launches Horizon RWA Market

Aave Labs launched Horizon, a permissioned lending market on Ethereum, enabling qualified institutions to borrow stablecoins against tokenized real-world assets (RWAs) such as U.S. Treasuries, Collateralized Loan Obligations, and Money Market Funds. Supported RWA collaterals include Superstate’s USTB and USCC, and Centrifuge’s JRTSY and JAAA tokens. Supported stablecoins include RLUSD, USDC, and GHO. While borrowing is restricted to qualified investors, anyone can lend stablecoins on the market. When RWA collateral is deposited, non-transferable aTokens are issued, respecting the issuer’s transfer permissions. Horizon is built on Aave v3.3 and leverages Chainlink SmartData for real-time net asset value data for RWAs.

Optimism Proposes OP Stack To Ronin

Optimism proposed for Ronin Network to build its Layer 2 on the OP Stack, inviting the team to leverage a coalition of OP Stack collaborators, including EigenLayer for data availability, Boundless for zero-knowledge proving infrastructure, and Conduit for high-availability sequencing. Optimism highlighted that OP Stack chains account for 71% of all L2 transaction fees year-to-date. Earlier this month, Ronin Network announced plans to transition from a Layer 1 to a multi-purpose L2 on Ethereum. Ronin aims to become the “gamification engine” of Ethereum, and recently introduced a revenue-sharing program for developers.

DEF Coalition Letter To Congress

The DeFi Education Fund (DEF), joined by a coalition of 115 crypto projects and builders, submitted a letter to Congress urging federal protections for software developers and non-custodial service providers in upcoming U.S. market structure legislation.  The letter calls for explicit safeguards to prevent developers from being prosecuted as money transmitters. for building or maintaining blockchain networks and non-custodial software interfaces. DEF highlighted a 7% decline in the U.S. share of open-source software developers. The coalition calls on Congress to treat blockchain as neutral infrastructure and enact clear, nationwide protections to support innovation.

ETH Strategy Perpetual Note Vault

ETH Strategy, a crypto-native ETH treasury protocol, partnered with Derive to launch the Perpetual Note Vault. The vault is a yield-generating product that uses STRAT convertible notes on Ethereum and executes options on Derive Chain. STRAT is ETH Strategy’s native convertible note that provides leveraged ETH exposure. The new product aims to deliver USD-denominated yield by monetizing ETH’s volatility. Derive is a decentralized derivatives platform built for programmable options, perpetuals, and structured products.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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Arbitrum Brings ZK With Succinct

Succinct and Offchain Lab's venture arm will co-develop a ZK-powered version of the Arbitrum tech stack, bringing Zero-Knowledge Proofs to all Arbitrum chains. 

Quick Take

  • Succinct to bring ZK to Arbitrum.

  • MetaMask introduces Social Login.

  • Euler introduces EulerEarn.

  • SharpLink buys 56,533 more ETH.



Arbitrum Brings ZK With Succinct

Offchain Labs announced a partnership between its partner studio, Tandem, and Succinct Network, a leading provider of zero-knowledge (ZK) prover infrastructure.  Over the next year, Succinct and Tandem will co-develop a ZK-powered version of the Arbitrum Orbit stack, bringing Zero-Knowledge Proofs to all Arbitrum chains.  Succinct already secures more than $4 billion in TVL. Tandem will provide engineering, product, and go-to-market support, aiming to scale Succinct’s ZK adoption and accelerate the integration of ZK-powered applications and infrastructure. Succinct already supports the OP Stack.

MetaMask Introduces Social Login

MetaMask introduced Social Login, a feature that allows users to create and manage their wallet using a Google or Apple account and a password. A Secret Recovery Phrase is still generated behind the scenes and can later be accessed with the same social account and password, preserving self-custody. The feature reduces friction from traditional seed phrases, simplifying onboarding for users. Strong password management is still essential, as losing the password means permanent loss of wallet access. The login method is now live on the MetaMask browser extension.

Euler Launches EulerEarn

Euler Finance launched EulerEarn, a solution for earning passive yield on deposits into single-asset vaults that allocate funds across curated strategies. EulerEarn offers a “set it and forget it” solution where deposits are automatically distributed across multiple strategies managed by vault curators, who define caps and risk parameters. Vaults may feature idle reserves to enable instant exits for users and per-strategy caps to prevent overexposure. The first EulerEarn vault is now live for USDC, initially seeded with $50,000 in rEUL incentives. Euler is a modular DeFi lending protocol with over $1.4 billion in deposits.

SharpLink Gaming added 56,533 ETH to its ETH treasury, bringing its total treasury holdings to 797,704 ETH, valued at more than $3.7 billion. The company remains the second-largest corporate holder of ETH, behind BitMine, which has doubled its holdings over the past month. In total, 70 corporate entities now hold approximately $20 billion worth of ETH in their treasuries.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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Kaiko Ranks Ethereum #1 Blockchain

Ethereum ranks #1 across governance, integrations, liquidity, operational efficiency, and security.

Quick Take

  • Ethereum ranks #1 on Kaiko’s rankings.

  • The productive treasury report.

  • Chainlink partners with SBI Group.

  • BitMine buys an additional 190k ETH.



Ethereum Leads Kaiko Q2 Rankings

Kaiko released its Blockchain Ecosystem Ranking report for Q2 2025, ranking Ethereum as the top blockchain ecosystem. Ethereum excelled across governance, integrations, liquidity, operational efficiency, and security, supported by $7B in RWA TVL, broad DeFi integration, and strong institutional adoption. The price of ETH has outperformed BTC since early July. The report also ranked Arbitrum in second place, highlighting its outstanding operational efficiency and robust integrations.

The Productive Treasury Report

EigenLayer and the Liquid Collective released “The Productive Treasury”, a guide for digital asset treasury companies to strategically make their reserves productive. The report notes that traditional treasury allocations such as cash and money market funds are struggling to preserve purchasing power amid persistent inflation. The report reinforces ETH staking as the Internet Bond, a protocol-native, sustainable yield independent of traditional credit markets. Liquid Staking Tokens provide treasuries with institutional-grade access to staking, offering liquidity, compliance, and reduced risk. The report positions ETH as a future-ready reserve asset.

Chainlink partnered with SBI Group, one of Japan’s largest financial conglomerates with over $200 billion in assets, to accelerate the adoption of tokenized digital assets. SBI will leverage Chainlink’s CCIP for cross-chain tokenized Real-World Assets (RWAs), SmartData to improve liquidity and efficiency for tokenized funds, and Proof of Reserve to ensure transparency for regulated stablecoins. According to an SBI Digital Asset Holdings survey, 76% of financial institutions plan to invest in tokenized securities.

BitMine Holds 1.7 Million ETH

BitMine Immersion Technologies Inc. purchased an additional 190,500 ETH, bringing its treasury to 1.71 million ETH worth over $7.5 billion. With its ambitious goal of owning 5% of the ETH supply, BitMine is on track to overtake MicroStrategy as the world’s largest digital asset treasury company. BMNR stock is also among the top 20 most liquid U.S. stocks, averaging $2.8 billion in daily trading volume.

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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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