Project Progress

Abstract: KelpDAO hit Aave; TVL fell from $26.3B to $16.4B. Fluid launched a WETH redemption enabling ETH-to-wstETH swaps as DeFi TVL declined; Aave still has the largest TVL and institutional backing.

Summary: Circle proposes an emergency Aave V3 USDC overhaul, lifting Slope 2 to ~40% to restore healthy utilization (target ~85%), with max rate rising to ~48%, arguing borrowers ignore rates; also suggests pausing the USDC risk oracle. Abstract: Circle has urged an emergency overhaul of Aave V3's USDC pool after four days at near-6% idle liquidity and 99.87% utilization following the KelpDAO exploit. The plan would immediately raise Slope 2 for USDC deposits from about 10% to 40%, followed by governance ratification of a 50% target within a week. The aim is to attract supply and restore balanced utilization, with a move to a higher max supply rate (about 48%) at full utilization. Liao argues current borrowers use USDC borrowing as a queue-bypass mechanism and are insensitive to current rates, making supply-focused incentives essential. The proposal also recommends pausing the USDC Risk Oracle due to past underperformance. Circle’s stance is notable because a stablecoin issuer is essentially saying the market for its asset on Aave is broken.

Key Insights Cardano tokenized a Hannover Re reinsurance product and listed it on the London Stock Exchange, expanding blockchain use in regulated institutional markets. ADA price holds within a descending wedge as support at $0.2400 remains intact while resistance near $0.2550 and $0.2824 l

XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity. Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.

XRP shows weekly strength, trading above EMAs after breaking from a descending wedge; XRPL advances XLS-65/66 lending upgrades with pooled vaults and fixed-term loans; derivatives rise in volume, open interest, and options activity. Abstract: This report notes XRP's persistent weekly momentum and price strength above key moving averages following a breakout from a descending wedge. It covers XRPL validators voting on XLS-65 and XLS-66, enabling native lending, pooled liquidity vaults, and fixed-term loans to expand on-chain financial activity. It also reports rising derivatives participation, with higher trading volume, open interest, and a surge in options activity, suggesting increasing trader positioning for a continued breakout.

Gate News message, April 22 — Aave founder Stani said the team has been actively advancing event resolution in recent days, with the primary focus on protecting user interests and ensuring orderly market recovery. According to Stani, the team is working with multiple partners to advance several solu

Gate News message, April 22 — Input Output Global, the core development company behind Cardano, has submitted nine proposals to the Cardano Treasury for 2026, requesting funding approximately 50% lower than the previous year. IOG is requesting 62.1 million ADA (approximately $15.8 million) for

Gate News message, April 22 — OpenSea has rolled out mobile perpetuals (Perps) trading functionality to select beta users and will launch a five-day trading contest beginning April 23 at 5 a.m. UTC+8. The competition is restricted to mobile beta testers, with all participants receiving an initial

Cardano's Dave launches governance.cardano-visualisation.com to track DRep treasury spending against Net Change Limit, visualize ADA withdrawals, with wallet integration and Japanese support, promoting transparent governance and broader participation. Abstract: This article reports on Cardano ecosystem developer Dave's launch of governance.cardano-visualisation.com, an analytics platform that tracks DRep treasury spending relative to the network's Net Change Limit. The tool visualizes ADA withdrawals approved by governance votes, helping stakeholders evaluate whether delegated representatives manage funds effectively. Features include wallet integration for real-time monitoring, and Japanese language support to broaden accessibility. Dave argues that transparent governance data enables participants to understand the financial implications of decisions and fosters stronger community participation. The project aligns with Cardano's emphasis on decentralized governance and transparency and invites user feedback to inform future updates and expand capabilities for more informed participation and oversight.

Gate News message, April 22 — Aethir, a decentralized GPU cloud infrastructure provider, launched version 1.0 of Aethir Claw, its AI agent hosting platform, today. The platform enables users with no technical background to deploy and configure AI agents entirely within their browser in under five

Gate News message, April 22 — B2B stablecoin technology provider Infinite has launched Infinite Accounts, a banking account service for enterprises that supports deposits, withdrawals, ACH transfers, domestic and international wire transfers, as well as stablecoin minting, burning, and on-chain tran

Everstake will exit Celestia and stop operating as a TIA validator by April 28; holders must unstake or redelegate to avoid disrupted rewards, marking a shift in Celestia's validator landscape. Everstake will exit Celestia's ecosystem and cease operation as a TIA validator by April 28. Stakers should unstake or redelegate to avoid loss of rewards or holdings, signaling a change in Celestia's validator landscape.

Gate News message, April 22 — Gensyn, a decentralized AI infrastructure network backed by a16z crypto, launched its flagship product Delphi, an AI-settled information market platform that allows anyone to create markets and earn fees based on trading volume. Market creators pre-select fixed-weight

Gate News message, April 22 — Vitalik Buterin stated in a dialogue with Xiao Feng that mature post-quantum cryptography solutions already exist, expressing a preference for the GeoHash algorithm. He noted that Ethereum's vision extends beyond merely becoming a post-quantum chain—the network also

PicWe announces public beta of PicWe Wallet, an AI-agent-enabled, on-device key wallet with no recovery phrases. It supports multi-chain assets, swaps, AI-accessible automation, and aims to unify RWA infrastructure. PicWe has launched the public beta of PicWe Wallet, an AI Agent-enabled wallet that stores keys on-device, eliminates recovery phrases, and keeps critical operations local. The beta supports multi-chain asset management, swaps, and stablecoin-based fees while enabling programmable AI interactions. Broader PicWe initiatives position the platform as unified infrastructure for real-world assets, enabling issuance, circulation, settlement, cross-border payments, tokenization, and supply-chain coordination for enterprise use cases.

During a Foresight News event, Vitalik Buterin outlined two levels of simplification—interface-level tweaks and broader system-level changes—and argued that Ethereum’s growth depends on reducing system complexity to boost participation by users and developers. Buterin distinguishes interface vs. system-level simplification; for Ethereum, reducing system complexity is crucial to boost user and developer participation and overall adoption.

Ripple outlines a four-phase plan to prepare XRPL for quantum threats, targeting full migration and network upgrade by 2028. Early phases focus on testing quantum-resistant algorithms and hybrid cryptography with partners like Project Eleven. XRPL’s key rotation and seed-based design

Deloitte completed Chainlink CCIP SOC 2 Type 2 audit; Chainlink becomes the sole data and interoperability oracle meeting this security standard, and holds SOC 2 Type 1 plus ISO/IEC 27001:2022 certifications. This article reports that Deloitte & Touche LLP completed a SOC 2 Type 2 audit of Chainlink's Cross-Chain Interoperability Protocol (CCIP) and data feeds, making Chainlink the only data and interoperability oracle platform to meet this standard. It also notes that Chainlink holds SOC 2 Type 1 and ISO/IEC 27001:2022 certifications, underscoring enterprise-grade security and compliance.

Sunny Side Labs launches Privacy Boost on Optimism Mainnet, an SDK-based privacy tool using ZK and TEEs with selective disclosure for regulators, targeting enterprises; no cryptography expertise required. Abstract: Sunny Side Labs unveiled Privacy Boost, an enterprise-focused privacy SDK for the Optimism Mainnet. It combines zero-knowledge proofs and trusted execution environments with selective disclosure to protect transaction privacy while enabling regulators to access only necessary data. Aimed at enterprises and institutions, the plug‑and‑play SDK minimizes cryptography know‑how. The initiative follows ongoing collaboration with Optimism since late 2025, signaling broader privacy integration on the mainnet.

Gate News message, April 22 — VOOI, a decentralized exchange supported by YZi Labs, announced that VOOI Light will cease operations on May 18 due to OneBalance, its chain abstraction (CA) infrastructure provider, discontinuing its chain abstraction solution. Users are required to close all open