Project Progress

Aave founder Stani Kulechov pointed out that the DAO governance model needs adjustment to improve decision-making efficiency and avoid politicization. He proposed maintaining transparency mechanisms, adopting a core team responsible for daily decisions, ensuring on-chain oversight, and enhancing DAO governance efficiency. This view has sparked widespread discussion about the governance structure of DeFi protocols.

StarkWare introduces the STRK20 framework, providing built-in privacy features for digital assets like stablecoins while maintaining regulatory compliance. The framework is expected to be deployed in 2026, supporting various DeFi scenarios, optimizing transaction performance, aiding the development of privacy financial applications, and accelerating the adoption of stablecoins within the financial system.

Gate News Announcement, March 11, -L1 blockchain project Incentiv announced the opening of the "OG Badge" claim event for early users, with the deadline set for March 16. Users holding this badge will receive exclusive ecosystem benefits and other privileges.

Research firm Castle Labs指出，approximately $69 trillion of the U.S. stock market is becoming an important testing ground for digital asset development, with tokenized stocks moving from experimental phase to market application. Blockchain technology is enhancing trading methods and participation models, and traditional financial giants are beginning to pay attention to this trend, believing that a unified blockchain network will improve financial efficiency. Several projects such as Ondo, xStocks, and Hyperliquid are playing key roles in promoting stock tokenization, demonstrating the future growth potential of this market.

Sonic Labs issued a statement on March 11, stating that they are conducting on-chain token integration activities involving large transactions and fund transfers, emphasizing that this transaction does not involve token sales and that user funds are secure. This activity is part of the cleanup phase after the dual-network migration.

Gate News Report, March 11 — According to Gate Market Data, at the time of press, RIVER (River) is trading at $14.80, up 32.12% in the past 24 hours. The price reached a high of $21.59 and a low of $10.67. The 24-hour trading volume is $51.1 million. The current market capitalization is approximately $290 million, an increase of $70.5 million from yesterday. ## Important Recent News about RIVER: 1️⃣ **On-Chain Infrastructure Financing Drives Growth** TRON DAO Ventures has provided $8 million in funding to River to support the expansion of its on-chain abstraction infrastructure within the TRON ecosystem. This move indicates that River’s strategic value as a cross-chain liquidity connection solution has been recognized by leading public chain ecosystems, supporting the project’s long-term development.

Gate News Announcement: On March 11, the NFT project Doodles officially announced that the Doodles AI beta version will be officially launched on March 17.

Ripple plans to apply for a financial services license in Australia through the acquisition of BC Payments to expand its cross-border payment business. Fiona Murray stated that the Australian market is important, and obtaining the license will enhance business capabilities. Ripple already holds 75 licenses worldwide and predicts that the Asia-Pacific payment transaction volume will double. Meanwhile, retail investors dominate the demand in the XRP market, ETF asset management scale remains stable, and institutional investors participate less, forming a "dual-track development" pattern between institutions and retail investors.

Aave experienced a oracle failure on March 10th, resulting in the improper liquidation of approximately $26 million worth of wstETH, affecting 34 accounts. The failure was caused by a mismatch between the snapshot ratio and timestamp in the CAPO mechanism, leading to a final exchange rate lower than the market actual value. Aave will compensate using the recovered 141.5 ETH and 345 ETH provided by the DAO treasury. No bad debt occurred in the protocol.

Ethereum founder Vitalik Buterin stated on X that the in-depth funding mechanism of Gitcoin Grants is still operational and suggested continuing to improve it, especially to meet the demands of chaotic times. He believes that this mechanism has the advantages of the selection principle and artificial intelligence but still exhibits features of a "stable era," requiring further adjustments to adapt to future changes.

Gate News Announcement, March 11, Starknet launched the STRK20 protocol-level privacy feature, supporting confidential balances and private transfers for any ERC-20 tokens, with an integrated compliance mechanism. Since its launch day, STRK20 has supported anonymous transactions on Ekubo Protocol, as well as anonymous staking of BTC and STRK.

Solmate Infrastructure announces strategic transformation into an institutional-level Solana infrastructure provider, with operations based in Abu Dhabi, planning to sell some non-core assets and implement a 10-for-1 reverse stock split. This move aims to accelerate the transition to blockchain infrastructure and digital asset management, despite capital market pressures.

Nasdaq-listed company Solmate (Brera Holdings PLC) proposes a 10-for-1 reverse stock split and plans to change its legal name to Solmate Infrastructure PLC to support its plan to build a Solana hub in the UAE. At the same time, the company plans to spin off its underperforming football team, retaining only the Italian club Juve Stabia, to leverage funds for expanding Solana infrastructure.

The Ethereum Foundation and Virtuals Protocol have launched the ERC-8183 standard, aimed at solving trust issues in commercial transactions between AI Agents. The standard defines on-chain tasks and introduces evaluation roles to enable decentralized transactions, avoiding intervention by centralized platforms. ERC-8183 complements other standards such as x402 and ERC-8004, collectively building a decentralized AI Agent economy system.

Gate News Announcement, March 11 — According to official sources, stablecoin issuer Circle (CRCL) announced that starting March 9, the native USDC and its cross-chain transfer protocol (CCTP) are officially live on EDGE Chain. This integration will bring fully regulated, USD-backed stablecoins directly into the EDGE Chain ecosystem, offering seamless cross-chain functionality and eliminating the need for wrapped or bridged assets.

NBA-themed crypto project Basketball.fun is processing refund requests from digital card pack buyers because users are unable to trade these assets. The co-founder stated that 24 refunds have been received, totaling less than $2,000. Former NBA player and advisor Tristan Thompson has exited the project. The project plans to launch digital card pack sales on the Base chain this month.

The on-chain financial market platform Theo launches gold-backed interest-bearing stablecoin thUSD and establishes a $100 million pre-deposit pool, which has currently reached 89%. Users can deposit USDC or thBILL on Ethereum, Arbitrum, and Stable Chain. The activity lasts for 6 weeks, with an expected annualized return of approximately 8.3%.

Ripple seeks to obtain an Australian financial services license through the acquisition of BC Payments, promoting the development of cross-border payment services in the Asia-Pacific region. If the application is successful, it will enhance its competitiveness in the local market, streamline transaction processes, and reduce reliance on intermediaries. This move could drive the adoption of blockchain payment technology within regulated financial systems, but market competition remains intense, and friction still exists between traditional financial systems and crypto services.

AINFT platform users have exceeded 550,000, quickly becoming one of the active AI application ecosystems in the Web3 space. By integrating models and on-chain workflows, it provides developers with full-chain support and plans to expand login methods, payment channels, and optimize the user experience to promote large-scale AI applications.

NVIDIA-supported Starcloud project to establish an orbital data center in space, launching space Bitcoin mining this year to explore the feasibility of solar-powered computing. The center will consist of approximately 88,000 satellites, utilizing low-cost ASIC miners in space for mining, aiming to improve energy efficiency and potentially create a new generation of digital financial systems.