Project Progress

Base Chain DeFi lending protocol Seamless Protocol announced its shutdown, operating for more than two and a half years. Users need to withdraw their assets before June 30, 2026. The shutdown is due to the leverage token failing to find product-market fit, along with a lack of liquidity and sustainable revenue. The team will submit a proposal to distribute the remaining assets to SEAM token holders.

Gate News message, April 7, privacy wallet infrastructure platform Privy posted on X that it has added support for wallet swap transactions, a feature enabled by technical support from the Uniswap API.

Velora (formerly Paraswap) has released a new governance proposal. The main adjustments include refocusing on structural decisions regarding the VLR token, terminating the staking plan, closing the DAO treasury and paying for infrastructure services, and stopping fee routing. Going forward, governance will focus on decisions related to the VLR token, and protocol operations will be supported by the development team.

Biconomy’s new Ethereum standard ERC-8211 introduces a “smart batching” mechanism, allowing AI agents to dynamically execute multiple-step DeFi operations within a single transaction, effectively addressing issues with price volatility and changes in transaction fees, in line with the Ethereum Foundation’s strategy to improve the user experience.

Gate News message, April 7, public chain project Rayls announced that its mainnet will go live on April 30 at 23:00. At the same time, Rayls staking plans and its native stablecoin USDr will also be launched. USDr is Rayls’ native, U.S. dollar–backed stablecoin, used to pay network transaction fees.

Gate News message: On April 7, Ethereum Treasury company SharpLink posted on the X platform that since launching its ETH treasury strategy, the company’s cumulative Ethereum staking reward revenue has reached 16,947 ETH. In addition, the Ethereum staking rewards SharpLink received last week were 511 ETH.

Gate News message. April 7, Tether CEO Paolo Ardoino said the team is developing a decentralized search engine called hypersearch. The product is built on a distributed hash table (DHT, a decentralized data storage technology) architecture.

Ether treasury companies may need to use liquid staking and other active yield strategies if they want to offer investors something beyond the staking rewards already available through listed Ether products, Kean Gilbert, head of institutional relations at

AVAX One Technology announces it will advance its AI infrastructure strategy, signing a 10MW microgrid data center FEED plan located in Alberta, using low-cost natural gas power. At the same time, it invests in the purchase of 220 Bitmain mining machines to increase computing power, forming a dual-track layout of “mining + AI.”

Aave V4, launched in March 2026, introduces a new structure of liquidity hubs and spokes to enhance scalability and manage risk. Hubs store assets while spokes handle user interactions and can be updated independently. Credit lines connect them, setting borrowing limits for better liquidity control.

Solana Foundation has introduced Solana Agent Skills, a toolkit for integrating prebuilt on-chain capabilities into AI tools, enabling faster development of AI agents that can execute blockchain actions efficiently. This simplifies the process for developers and positions Solana favorably in the evolving intersection of crypto and AI.

The Solana Foundation has launched STRIDE and SIRN, a security framework led by Asymmetric Research. The former provides independent security assessments and proactive monitoring, while the latter is responsible for real-time response and threat sharing. The initiative aims to improve ecosystem security, and all projects are available for free use.

Gate News message, April 7, Web3 security platform Immunefi announced that the DeFi protocol Alchemix has relaunched its bug bounty program on the platform based on its latest v3 contracts, with a maximum reward of up to $300k. This initiative is intended to encourage security researchers to review the new version of the contract code, identify potential vulnerabilities in advance, and improve the protocol’s overall security. Immunefi stated that this is currently a critical window period for auditing the relevant code and participating in the bounty program.

Gate News update: On April 7, AINFT announced integration with Google sign-in. Users can choose to connect via a Google account or via a decentralized wallet. After logging in, new users can receive a million-point rewards bonus and access multiple leading AI model platforms worldwide.

XRP has gained 5% from a support level of $1.28 due to increased whale accumulation, with large holders now buying over 11 million XRP daily. Ripple executives are attending a significant XRPL event in Japan, though broader market sentiment remains cautious amid geopolitical tensions.

AFX has launched its Testnet, enhancing on-chain trading for decentralized derivatives with high speed and capacity. Treating the community as a priority, it offers a rewards program tied to user engagement and feedback.

The risk management team, Chaos Labs, announced it is terminating its partnership with Aave due to long-term losses and irreconcilable differences in risk management. At this time, Aave V4 has just gone live; after upgrading, Chaos needs to rebuild its risk tools, and the budget requirements are higher than what Aave is willing to accept. In addition, Aave is facing the departure of multiple core team members, raising doubts about operational stability.

Gate News message: On April 7, the credit protocol Grove announced that its TVL has risen to $3.0 billion. Previously, in June 2025, Grove received a $1.0 billion grant from Sky to advance its RWA (real-world assets) business.

Pi Network has completed the distribution of rewards for the first round of KYC verification. With more than 1 million validators contributing to the confirmation of 18 million global identities, the reward pool exceeds 26 million Pi Coin. This progress marks a key step toward the mainnet launch, demonstrating the efficiency of human–machine collaboration, optimizing performance mechanisms, and attracting more users to participate.