Project Progress

Pi Network founders Chengdiao Fan and Nicolas Kokkalis are appearing as featured speakers at Consensus 2026 in Miami this week, according to an announcement from Pi Core Team on May 5, 2026. The appearances mark a strategic repositioning of the project around AI, identity, and ecosystem

According to BlockBeats, Pacifica, a perpetual futures trading platform in the Solana ecosystem, launched its Vaults feature on May 6. Users can now create and manage their own vaults or deposit funds into vaults managed by other traders to passively earn returns based on trading performance. Vault

According to Bryan Pellegrino, LayerZero Labs co-founder and CEO, most allegations against KelpDAO are unfounded. On May 6, Pellegrino stated that Kelp initially used the default MultiDVN or DeadDVN configuration but manually changed it to a 1/1 configuration on April 1, 2024, according to on-chain

According to Cointelegraph, Tether Chief Executive Officer Paolo Ardoino announced on May 6 that the company's AI research team will release another breakthrough in local AI this week.

According to Foresight News, the Firedancer team announced at Solana Accelerate USA that Firedancer 1.0 validation client has begun production deployment. The upgrade emphasizes client diversity, reducing Solana's reliance on a single validator implementation and mitigating risks from software

According to DL News, Uniswap DAO is voting on a proposal to reclaim approximately 12.5 million UNI tokens (worth ~$42 million) lent to the Uniswap Foundation and key representatives. The voting will conclude on May 8, with the proposal currently showing 53% in favor and 46% abstaining. The DAO

Pi Network co-founder Dr. Chengdiao Fan and Nicolas Kokkalis announced at the Consensus 2026 conference held in Miami on May 6 and 7 that Protocol 23 will be activated on May 11, a major upgrade introducing the first full smart contract capabilities for the Pi blockchain.

K Wave Media, a Nasdaq-listed Korean media and entertainment firm, announced it will redirect up to US$485 million from a planned bitcoin treasury strategy into AI infrastructure including data centers, GPU compute, and acquisitions, according to CoinDesk. The move amends a US$500 million

According to coverage of the Consensus Miami 2026 conference held on May 6, Solana co-founder Anatoly Yakovenko (Toly) said during a fireside discussion that the Solana network’s major upgrade “Alpenglow” is expected to be released this year, with the earliest possible rollout in the next quarter.

According to Foresight News, Privy announced the launch of Digital Asset Accounts for developers on Solana during the Solana Accelerate USA conference. The feature enables developers building fintech, trading, or consumer applications to manage user balances, custody, and on-chain operations

According to data published by Token Terminal on X on May 6, the total market value of tokenized U.S. Treasuries deployed on Ethereum has risen to about $8 billion, setting a new all-time high, with growth of approximately 100% over the past six months; the same day, Joseph Lubin, co-founder of Ethereum, said at the Consensus Miami 2026 conference in Miami that global economic tokenization is inevitable.

According to an official announcement posted by AMM infrastructure Ekubo on X on May 6, a security incident occurred in Ekubo’s Swap routing contract on EVM networks. Ekubo confirmed that liquidity providers (LPs) and Starknet were not affected by this incident; the team is investigating the scope of the event and preparing a post-incident analysis report.

According to The Block, on May 5, the decentralized finance lending protocol Kelp DAO announced it would stop using LayerZero as a cross-chain infrastructure provider and instead adopt Chainlink’s cross-chain interoperability protocol (CCIP). Kelp DAO is “the first major protocol to abandon LayerZero since the LayerZero vulnerability incident occurred.”

According to official announcement on May 6, Anchorage Digital, a federally chartered digital asset bank, plans to launch a Cashless stablecoin reserve model on Solana to improve liquidity, capital efficiency, and security for large-scale institutional stablecoin issuers. The model will hold reserve

SoFi Technologies announced it will begin issuing its stablecoin, SoFiUSD, on the Solana blockchain, citing the network's cost efficiency, settlement speed, and throughput capabilities. Ben Reynolds, SoFi's head of big business banking, said on Tuesday: "We think it is the right chain to use for

According to Drift Protocol’s official announcement published on X on May 6, Drift Protocol has officially launched a user recovery plan for the April 1 hack: each affected wallet will receive a “Recovery Token,” with each token corresponding to $1 of verified losses, as a proportional claims certificate for the recovery pool.

According to a BusinessWire announcement on Tuesday, State Street and Galaxy launched the State Street Galaxy Onchain Liquidity Sweep Fund (SWEEP), a tokenized investment vehicle that converts stablecoins into yield-bearing assets for 24/7 onchain cash management. The fund initially launches on

On May 5 (U.S. time), U.S. tokenized securities infrastructure provider Securitize, market-making giant Jump Trading Group, and Solana-based DEX aggregator Jupiter jointly announced the launch of “fully on-chain + compliant” tokenized stock trading—tokenizing real U.S. stock equity, settling instantly on Solana, and using DeFi user interfaces provided by Jupiter. In their joint announcement, the three parties confirmed that this is the most important milestone for tokenized stocks in 2026—not synthetic stock, but real equity in the legal sense—and compliant throughout with the three major regulatory frameworks of the SEC, FINRA, and the EU DLT Pilot Regime. The three parties’ roles: Securitize for the regulatory core, Jump for liquidity,

According to Kelp DAO's announcement on Tuesday, the protocol blamed LayerZero for approving a risky configuration that enabled a $292 million exploit on April 18. Kelp said LayerZero personnel approved a 1-of-1 verifier setup—relying on a single entity to validate cross-chain transactions—without w