Traders are piling into Pendle markets that leverage Hyperliquid’s leading liquid staking protocol, betting on a future airdrop.

The move comes just three days after MegaETH unveiled its new MegaUSD stablecoin.

Following the staked SOL exploit on SwissBorg involving Kiln’s API, the staking provider said it’s exiting all of its ETH validators “out of an abundance of caution”

Amid a messy airdrop, LINEA has lost half its value since launching yesterday.

Markets are broadly flat after the August CPI report, with SOL and DOGE breaking the trend.

Web2 firms are betting on their own blockchains, but many web3 industry leaders are questioning the move away from Satoshi Nakamoto’s vision and ethos.

Experts say the blockchain could face strategic challenges as the S token price drops and yield-driven users exit.

The Layer 2 blockchain developed by Consensys has launched its long-awaited token and airdrop.

The Solana-based memecoin launchpad’s token is up another 20% today, and 43% on the week to a $5.6 billion valuation.

Hyperliquid’s stablecoin launch has evolved into one of the hottest competitions DeFi has seen in years, with institutions and DeFi protocols clamoring to win validators over.