Project Progress

Figure co-founder Mike Cagney announced the launch of the Figure Forge service, which aims to turn blockchain-native loans and other RWAs into participation tokens. The service will be used in the Democratized Prime DeFi market and will offer additional yields through the Hastra protocol, with the liquidity limit order book funded by Figure.

Monero core developer jeffro256 released the first quarter development plan on March 20, which includes proposals for wallet API changes, support for Carrot-derived accounts, the launch of the FCMP++ stress test network, collaboration with hardware wallets, and multisignature implementation.

World Chain announces adoption of ERC-8183 standard, which supports smart agent commercial applications and was jointly released with the Ethereum Foundation team. ERC-8183 emphasizes custodial mechanisms for on-chain smart contracts, with task flows passing through four major states to ensure trustless transactions.

Gate News: As of March 20, Aave V3 has experienced continuous rapid growth since its launch on the Mantle mainnet on February 11. Data shows that the market size broke through $400 million in the first week, exceeded $550 million in the second week, and surpassed $1 billion in the third week. As of now, the total market size of Aave Mantle has exceeded $1.34 billion, making it the third-largest lending market on the Aave platform, and it continues to grow.

The Ethereum Foundation has allocated 3,400 ETH to the decentralized lending protocol Morpho, enhancing its treasury strategy. This includes 1,000 ETH in Morpho Vaults V2, aimed at sustainable DeFi yields, following an earlier deployment of 2,400 ETH last October.

Strive Company holds 13,627.9 bitcoins, making it one of the top ten bitcoin reserve companies globally, but the fourth quarter loss reached $393.6 million, primarily due to bitcoin price decline. To support its high dividend strategy, Strive purchased low-interest STRC, which despite generating a 1.25% negative carry, helps maintain cash flow and reduce the risk of having to sell bitcoins when paying dividends. Currently, the stock price has retreated from its peak to approximately $10.

Gate News Report: On March 20th, traditional financial institutions are accelerating their layout in the blockchain sector. JPMorgan has recently advanced its deposit token business, focusing on tokenized US dollar applications within regulatory compliance frameworks. Meanwhile, cryptocurrency project Pepeto is about to be listed on multiple exchanges.

Gate News reported that on March 20, Base Build announced that to simplify the process of building applications on Base, it will gradually phase out OnchainKit, the Base chain toolkit. Users still using these legacy tools will have 60 days to migrate to alternative solutions.

Myriad platform announced the completion of seed round financing on March 20, with participating institutions including MoonPay Ventures and others, and individual investors including Tom Lee. Following the financing, Myriad Season 3 went live, event contracts migrated to BNB Chain, the liquidity model was upgraded, and multiple new features were added.

Matrixport has rebranded to BIT, expanding its services in digital finance, including custody and trading. Users' accounts remain unaffected. The company manages over $6 billion in assets and operates in seven countries with multiple licenses.

WLFI has launched the AgentPay SDK, specifically designed for AI agent systems to autonomously manage funds and execute transactions on EVM-compatible blockchains without human intervention. This open-source payment framework aims to enhance the compliance and security of financial infrastructure, while repositioning USD1 as a settlement asset for AI-native transactions. This move demonstrates the cryptocurrency industry's trend toward transformation into an AI-driven agent economy.

Amundi launches SAFO tokenized fund, combining Ethereum, Stellar, and Chainlink, focusing on corporate liquidity and collateral management. The fund starts with $100 million in capital, offering multiple currencies, and emphasizing real-time settlement and transparency. As the RWA market expands rapidly, Amundi's move marks tokenized finance gradually becoming mainstream, with enterprises incorporating blockchain into financial operations.

Gate News report: On March 20, Ondo Finance announced that it has launched over 60 new tokenized stocks, covering 8 sectors including AI, oil, data, space, biotechnology, defense, quantum, and China exposure. Currently, Ondo Global Markets is available on Ethereum, Solana, and BNB

Pi Network announced the launch of its Pi Launchpad testnet, focusing on token user acquisition and product utility. The three core design principles are: tokens serve user acquisition purposes, rewards flow into liquidity pools, and projects must have executable products. The platform enables project teams to promote innovation, while pioneer users can participate in testing and earn tokens, creating positive feedback. This design helps build a healthy decentralized exchange ecosystem and avoid speculative token issues.

AI programming tool Cursor releases third-generation programming model Composer 2, with significantly improved performance and reduced costs. Standard version pricing drops 86%, outperforming the previous generation model in multiple benchmarks. Composer 2 is designed specifically for Cursor and does not offer a standalone API. Anysphere's valuation reaches $29.3 billion.

PEPE co-founder announced on March 20 the launch of a new project that will provide token holders with an income source based on exchange fee revenue model. Despite Shiba Inu's launch of Shibarium and integration of DeFi features, it has failed to stabilize token value, demonstrating that even with utility tools, Meme tokens' long-term value remains unstable. The specific name and mechanics of the new project have not yet been disclosed.

EtherFi announced a $25 million investment in Plume's real-world asset protocol Nest, a move aimed at introducing stable yields and reducing dependence on crypto market volatility. The nBASIS vault deployed in this round integrates strategies including crypto basis trading, staking rewards, and government securities returns, allowing users to streamline participation in high-yield operations. As the RWA market expands rapidly, its tokenized total value has grown to $27 billion, primarily driven by U.S. Treasury securities.

Gate News: On March 20, Jupiter announced that it has launched Pre-IPO stock token trading functionality, allowing users to purchase stock tokens of popular unlisted companies such as OpenAI and Anthropic. Related orders will be executed by PreStocks.

The Pump.fun platform on Solana has become the largest DEX by 24-hour trading volume, reaching $1.77 billion, surpassing Uniswap and PancakeSwap. Revenue remains strong, with over 1.92 billion dollars in total revenue driven by memecoin trading and significant token buybacks, yet the price stabilizes at $0.0018, indicating investor caution.