Project Progress

Polygon Labs and GSR-incubated decentralized finance network Katana acquired decentralized exchange IDEX to support its new product Katana Perps. IDEX will become a core component of Katana Perps, providing a high-performance matching engine and on-chain settlement functionality.

In brief The New York Stock Exchange said that it’s working with Securitize on developing systems that will allow tokenized securities to trade round-the-clock. The companies are collaborating on standards that will shape tokenized securities on a platform affiliated with the largest stock e

Ethereum-based decentralized finance (DeFi) lending protocol Fira said on Tuesday it was launching with about $450 million in deposits, highlighting demand for fixed-rate onchain credit. Fira said the protocol’s fixed-rate credit market allows users to lock borrowing costs and lending returns for d

Trading Protocol Balancer Faces Major Turning Point, Founder Announces Balancer Labs Will Cease Operations, Protocol to Continue in Streamlined Form. This decision stems from security vulnerabilities and legal risks, with the current operational model becoming unsustainable. Despite significant TVL decline, Balancer still generates over $1 million in annualized fee revenue. The team has proposed an aggressive restructuring plan that includes token buybacks, revenue structure reforms, and focuses on five core product lines. Following the transformation, the team will concentrate on enhancing the protocol's competitiveness.

Tether announced that it has commissioned the Big Four accounting firms to conduct its first comprehensive independent audit, aiming to enhance company transparency and compliance standards. This audit covers digital assets and reserves, and is expected to have demonstrative significance for the entire stablecoin market. USDT has a market capitalization exceeding $184 billion, with over 550 million global users.

BTQ Technologies announced the completion of the deployment of BIP 360 technology on the Bitcoin quantum test network, aimed at defending against potential threats of quantum computing to Bitcoin. BIP 360 introduces a new output type, P2MR, which improves the public key exposure risk associated with Taproot. Currently, only certain exposed wallets are vulnerable to quantum threats, but BIP 360 still requires further support from the community to become an official proposal. Its future development is worth paying attention to.

Tether has engaged a "Big Four" auditing firm for its first comprehensive financial audit of USDT, following scrutiny over its asset backing. This audit aims to enhance transparency regarding the $184 billion stablecoin's reserves and financial practices.

The Solana Foundation is launching the Solana Developer Platform (SDP) to assist financial institutions in creating blockchain products, featuring tools for tokenization and payments, with early users including Mastercard and Western Union.

SurfAI has launched Surf Studio, a no-code platform enabling users to create Web3 applications and dashboards using simple language prompts. This innovation eliminates the need for technical skills, allowing anyone to build crypto tools while utilizing advanced AI capabilities and extensive blockchain data.

The Solana Foundation launched the Solana Developer Platform (SDP) on March 24 for the AI era, designed to help enterprises and financial institutions rapidly build financial products through APIs. The platform integrates multiple core functionalities, with issuance and payment modules currently live, and the trading module expected to launch in 2026.

Gate News bot message: Tether announced that it has signed with one of the Big Four accounting firms to complete its first comprehensive audit. This message comes from information published in a blog post. This is Tether's first time conducting such a comprehensive audit.

The Aave community overwhelmingly supports the V4 upgrade for Ethereum, featuring a modular design for improved liquidity and risk management. A governance vote is set to finalize its implementation, signaling a positive shift after recent internal conflicts.

RootData has mapped out Stripe's partnership network in the crypto sector, forming a closed-loop architecture of "three layers of in-house development + external ecosystem." With Tempo mainnet launching and introducing an AI payment protocol, this marks the evolution of Stripe's crypto strategy. RootData will continue tracking project relationships to enhance transparency and market trust.

Jinse Finance reported that on March 24, RWA tokenization platform Ondo Finance tweeted that Ondo Global Markets TVL has exceeded $700 million, with a market share surpassing 60%, and cumulative trading volume reaching $13 billion.

Deloitte Canada is partnering with Stablecorp to build a new stablecoin payment system for Canadian institutions. The project introduces QCAD, a Canadian dollar-pegged stablecoin designed to make payments faster, cheaper, and more transparent. By combining blockchain technology with traditional

Gate News reports that on March 24, according to the official weekly report, JustLend DAO, a leading decentralized lending protocol on TRON, has reached a total locked value (TVL) of $6.43 billion, with total deposits reaching $3.5 billion.