Project Progress

According to Compound Foundation, on August 18, the protocol announced a new leadership team and a $52 million DAO-approved development program, the largest allocation in its history, to expand institutional credit onchain. The new executives include Aaron Schnarch as executive director,

TokenWorks is preparing to launch FWAir, a new mechanism allowing artists to introduce NFT collections directly into Fake World Assets (FWA), with the first collection expected this week according to co-founder Adam (Rhynotic on X). The initiative aims to expand FWA beyond trading existing NFTs by c

According to Foresight News, o1.exchange founder Jerry Pan announced the platform will cancel its Launchpad vesting and distribution features. The decision follows community feedback citing concerns that these functionalities could be exploited for rug pulls and fraud

According to BlockBeats, on August 18, NAVI Protocol officially launched NAVI Prime lending framework, becoming Sui's first curator-style lending vault. The protocol, which launched on Sui mainnet in 2023, has achieved a historical TVL peak of $1 billion and accumulated over 1.1 million users. NAVI

Ethereum Korea consortium is recruiting applicants for a fellowship program targeting Korean Ethereum researchers and builders. On the 18th, Ethereum Korea announced it will accept applications until the 23rd, with selected participants to be announced on the 31st. The program will provide

Ethereum Korea announced on August 18 that it is opening a Fellowship Program to support Korean Ethereum researchers and developers, with applications closing on August 23. Selected fellows will be announced on August 31 and will receive funding to cover travel and accommodation for participation in

According to the Ethereum Foundation, some wallets, indexers and gas estimators must be updated before the Glamsterdam upgrade activates on Thursday, Aug. 21. The EF's Protocol DevOps team warned on Monday that any tool relying on a hardcoded maximum gas limit "will break" and urged developers to te

According to Cointelegraph, the Ethereum Foundation launched the Platåberget testnet on August 18 ahead of the Glamsterdam upgrade scheduled for August 20, opening public testing in preparation for the

According to Fortune, Tether CEO Paolo Ardoino announced on August 18 that the company plans to develop lightweight AI applications for emerging market users across healthcare, finance, and sports sectors, accessible via smartphone. The initiative reflects concerns that economic inequality may be

According to ShapeShift founder Erik Voorhees, Venice, an AI project on Base, has reached annualized revenue of $100 million, the executive announced via social media.

According to ChainCatcher, Ondo Stocks completed a $2.33 million QQQon purchase in a single transaction on Ethereum. The trade, announced by Ondo on X, represents a seven-figure execution of the tokenized Nasdaq-100 index fund, demonstrating large-scale on-chain settlement capacity on the Ondo Stock

According to Foresight News, Morpho has launched Morpho Midnight, an open-source quoter bot that enables two-sided market quotations around a reference rate. Users can fork, configure, and enhance the bot according to their own quoting strategies, with the code repository now publicly

According to Foresight News, Saturn Foundation will migrate USDat collateral to a new M0 issuer starting August 19 at 11 a.m. ET. Minting and redemptions are expected to pause for 3-5 hours during the migration, with a maximum possible duration of 24 hours. The overall migration is projected to

According to ChainCatcher, Websea launched its Proof of Reserves (PoR) mechanism today (August 18), utilizing a Merkle tree solution to publicly disclose platform reserve data alongside open-source verification tools. Users can

According to Hayden Adams in a post on X, Uniswap's founder released his first long-form essay since 2019, titled "Correlated Pairs: How AMMs Win the Biggest Markets," outlining how tokenization could reshape global market structure. Adams argued that as traditional assets like stocks are

According to ChainCatcher, Abstract announced the launch of Builder XP, an extension of its XP system designed to reward developers and projects contributing to the Abstract ecosystem. The mechanism distributes Builder XP weekly based on each project's impact on the chain, aiming to incentivize cont

According to GoPlus official announcement on August 18, the company upgraded DeepScan with an AI-powered smart contract security solution. The upgrade introduces three core modules: AI contract audit that identifies syntax and business logic vulnerabilities; continuous security monitoring for live c

According to PANews, on August 18, crypto influencer Ansem launched Ansem.io, a Solana-based token issuance platform for the ANSEM community. Users can create tokens on the platform and trade them starting from launch day. All tokens issued through the platform are built on Pump.fun and run on the S