Latest Updates in the DeFi Market: Stablecoin Season Arrives, Super Chain Ecosystem Expansion

Recently, the DeFi market has seen several important developments, with the stablecoin sector and superchain ecosystem becoming hotspots.

A New Wave in Stablecoin Season

The USDtb stablecoin launched by Ethena has received support from a major asset management giant and is collaborating with Usual to mutually enhance total locked value and incentive measures. Meanwhile, WLFI has also joined the collaboration, integrating sUSDe into the lending market. This round of stablecoin craze shows a clear trend of solidarity, which is more mature and stable compared to the previous round.

Usual adopts an innovative stablecoin mining mechanism, integrating the concept of real assets and a refined game theory model, while obtaining sufficient liquidity exit channels provided by large trading platforms. This model may drive rapid growth in total locked value, but one must also be cautious of potential turning points when the growth rate slows.

Another project worth noting is Resolv, which has seen its total locked value surge by nearly 400% in the past two weeks. Resolv introduces the concept of risk liquidity pool (RLP), serving as a buffer layer between the stablecoin USR and the underlying assets, effectively diversifying market volatility risks. In the future, Resolv plans to launch in a certain cross-chain ecosystem to further expand its influence.

The established stablecoin project Frax is also actively adjusting its strategy, collaborating with Symbiotic to launch the veFRAX multi-yield structure. At the same time, Frax is considering including an ETF product from a certain asset management giant as part of its collateral.

Super Chain Ecosystem Continues to Expand

The Ink public chain developed by a certain exchange has officially joined the super chain camp, with the ecosystem already launching its first liquid staking token. The well-known DEX project Velodrome plans to integrate with Ink in 2025 and has locked a large amount of veVELO tokens. This indicates that compliant exchanges building their own L2 public chains has become a trend, and the market has high expectations for Ink.

Other trends worth noting

1. The established DeFi projects Convex and Yearn have teamed up to launch the decentralized stablecoin protocol Resupply, utilizing an innovative collateral model and leverage mechanism.

2. GammaSwap is about to complete the development of Yield Token and enter the audit phase, and its impermanent loss hedging solution has attracted market attention.

3. Ethena is considering integrating a certain options and perpetual futures project to enhance its on-chain hedging capabilities.

4. The public chain project Aptos has changed its CEO, and the new leadership will place greater emphasis on Decentralized Finance development.

5. Babypie incentivizes the mBTC-BTC liquidity pair on multiple public chains and DEX.

6. The efficient DEX project Fluid expands to the Arbitrum network to capture more trading volume.

7. A certain public chain foundation has launched AI-related infrastructure plans, while several projects within the ecosystem have also made new progress.

The DeFi market continues to innovate, with stablecoins and cross-chain ecosystems becoming the current focus. Various projects are actively adjusting their strategies to promote the industry's development towards a more mature and diversified direction.