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

With its Digital Interest Token (FDIT), Fidelity moves to challenge BlackRock’s BUIDL fund.

Built with Ethena Labs, USDm is designed to power real-time applications on MegaETH while offering low fees.

Leveraging Stargate and LayerZero, the activation will allow native stablecoin liquidity to flow seamlessly across different DeFi ecosystems.

Capital is pouring into the perpetuals trading platform as its closed beta draws to an end.

The DEX revealed plans to lower trading fees and let validators vote on which team can launch its first native stablecoin.

The yield-bearing stablecoin has grown by 59% since the beginning of summer as institutional demand accelerates.

Etherscan data shows that a wallet containing Justin Sun’s substantial WLFI holdings was blacklisted by the Trump-linked DeFi project.