每周项目更新:以太坊稳定币供应量创历史新高、Polygon 计划筹集 1 亿美元以扩大稳定币支付业务、Across Protocol 重组为一家美国公司等1。以太坊稳定币供应量突破1800亿美元,创历史新高链接以太坊上稳定币的供应量已突破1800亿美元,创下历史新高,过去三年增长了150%。以太坊目前在稳定币领域占有 60% 的市场份额。 Token Terminal预计,在最乐观的情况下,未来四年将有1.7万亿美元的资本进入区块链。即使以太坊的市场份额下降至 50%,到 2030.2 年仍可能迎来约 8500 亿美元的新资本流入。 Circle 的 Layer-1 区块链 Arc 公布抗量子设计和路线图 linkCircle L1 区块链 Arc 发布了抗量子设计和路线图,提出分阶段实施涵盖钱包授权、私有状态、验证者身份验证和基础设施的全栈量子抗性。它将以选择性加入的方式在主网上引入抗量子签名机制,以避免强制迁移。路线图显示了这一点
将推进抗量子私有国家保护、包括 TLS 1.3 在内的基础设施升级以及验证器签名强化。 Circle 指出,到 2030 年或更早,量子计算可能会威胁到公钥密码学,并警告“现在收获,稍后解密”的风险。3。 Polygon Labs 寻求为稳定币支付业务筹集最多 1 亿美元的资金 Polygon Labs 正在就筹集最多 1 亿美元的资金进行初步谈判,并计划推出新的稳定币支付业务,以提高其区块链上的稳定币交易量。此举标志着区块链开发商罕见地进入受监管的支付领域。今年 1 月,Polygon Labs 与 Coinme 和 Sequence 合作,与 Stripe.4 等公司竞争。 BNB链钱包数量达到8亿个链接
Weekly Project Updates: Ethereum Stablecoin Supply Hits All-Time High, Polygon Eyes $100M Raise to Expand Stablecoin Payments Business, Across Protocol Reincorporates as a US Company, etc
1. Ethereum Stablecoin Supply Surpasses $180 Billion, Hits All-Time High link
The supply of stablecoins on Ethereum has exceeded $180 billion, hitting a record high, representing a 150% increase over the past three years. Ethereum currently holds a 60% market share in the stablecoin sector. Token Terminal projects that under the most optimistic scenario, $1.7 trillion in capital will enter the blockchain in the next four years. Even if Ethereum’s market share drops to 50%, it could still see approximately $850 billion in new capital inflows by 2030.
2. Circle’s Layer-1 Blockchain Arc Unveils Quantum-Resistant Design and Roadmap link
Circle L1 blockchain Arc has released its quantum-resistant design and roadmap, proposing phased implementation of full-stack quantum resistance covering wallet authorization, private state, validator authentication and infrastructure. It will introduce quantum-resistant signature mechanisms on the mainnet in an opt-in manner to avoid forced migration. The roadmap shows it will advance quantum-resistant private state protection, infrastructure upgrades including TLS 1.3, and validator signature reinforcement. Circle noted that quantum computing may threaten public-key cryptography by 2030 or earlier and warned of the “harvest now, decrypt later” risk.
3. Polygon Labs Seeks to Raise Up to $100 Million for Stablecoin Payments Business link
Polygon Labs is in preliminary talks to raise up to $100 million and plans to launch a new stablecoin payment business to boost stablecoin transaction volumes on its blockchain. The move marks a rare entry by a blockchain developer into the regulated payments sector. In January this year, Polygon Labs partnered with Coinme and Sequence to compete with companies such as Stripe.
4. BNB Chain Wallet Count Reaches 800 Million link
BNB Chain officially stated on Twitter that the number of on-chain wallets has reached 800 million, with millions of users, applications and bots conducting on-chain interactions on BNB Chain. Previously in February, BNB Chain announced that its cumulative active addresses exceeded 2 billion.
The market cap of tokenized assets on BNB Chain has reached $16.6 billion, hitting a record high. The top core assets are all stablecoins, including USDT, USYC, USD1 and USDC. The largest tokenized stock asset is CRCLon, ranking ninth in the chain’s market cap.
5. THORChain: Privacy Coin Monero Expected to Launch on Mainnet in 1–2 Months, with Bittensor Development in Parallel link
Privacy coin Monero is expected to launch on the mainnet within 1–2 months. The on-chain client has passed simulation tests and entered the code audit and testnet phase. Meanwhile, Bittensor is being developed in parallel and plans to launch at the same time as XMR, while Zcash aims to be integrated by the end of April. The core challenge of this integration lies in the observability of privacy chains, and the team intends to solve it by introducing Frost-based multi-party signature mechanisms and a dedicated validator node structure.
6. TON Successfully Activates Catchain 2.0, Boosting Block Speed 6x with Annual Inflation Projected to Rise to 3.6% link
The TON Foundation announced that the vote for the Catchain 2.0 upgrade has been approved and was officially activated at 15:00 UTC+8 on April 9. This upgrade has increased TON’s block generation speed by approximately 6 times, delivering near-instant transaction experiences. As block rewards remain unchanged (1.7 TON for the main chain, 1.0 TON for the base chain), the faster block rate will significantly boost validators’ earnings per validation cycle. TON’s annualized inflation rate is expected to rise from around 0.6% to approximately 3.6%. In addition, TON will retain its burn mechanism, which destroys 50% of transaction fees.
7. Covenant AI Announces Exit from Bittensor and Questions Its Decentralized Governance link
Sam Dare, founder of Covenant AI, issued a statement announcing that the company has withdrawn from the Bittensor network, stating that its governance structure is inconsistent with its “decentralization” commitment. The statement disclosed that Jacob Steeves (Const) had taken measures against it including suspending subnet emissions, removing community management permissions, unilaterally deprecating subnets, and exerting pressure through token sales, all without transparent consensus decision-making. It also pointed out that Bittensor operates a “trivium structure” with a multi-signature managed by three people, yet actual control is concentrated in Jacob Steeves, who can deploy changes unilaterally. Covenant AI stated that it can no longer operate on the network as a result and will continue to promote decentralized and permissionless artificial intelligence training.
8. WLFI Responds to Doubts Over Lending Positions: Claims No Liquidation Risk and Ability to Add Collateral link
The strategic reserve wallet of World Liberty Financial (WLFI), the Trump family’s crypto project, has transferred 3 billion WLFI tokens, worth approximately $295 million, to a newly created multi-signature wallet over the past few days, which were then fully deposited into Dolomite as collateral to borrow 65.4 million USD1 and 10.3 million USDC. Of these, 40.4 million USD1 and 300,000 USDC have been transferred to Coinbase Prime. In previous weeks, this strategic reserve wallet had already deposited 1.99 billion WLFI tokens into Dolomite, accounting for a total of around 5% of WLFI’s total supply.
Data as of April 10 shows that WLFI accounts for approximately 55% of Dolomite’s total platform supply liquidity of $458.9 million, with the platform’s overall supply standing at $835.7 million. Specifically for the USD1 pool, out of $180 million in total supply, $167.5 million has been lent out, representing a utilization rate of about 93%. Only around $12.5 million of usable liquidity remains in the pool, making it practically difficult for large depositors to withdraw funds in full. The pool’s utilization rate once reached 100%. The USD1 supply rate stands at 16.24%, with a borrowing rate of 9.18%. These rates reflect concentrated lending activities dominated by a single large borrower rather than broad organic demand. Risks on the collateral side are also prominent, as WLFI tokens have extremely limited market depth, with daily trading volume far below the collateral scale. A sharp price drop triggering Dolomite’s liquidation mechanism would lead to forced selling that crashes the token price before collateral can be unwound, and the resulting bad debt would ultimately be borne by ordinary depositors currently unable to exit.
WLFI responded to market doubts over its lending positions on WLFI Markets, stating that as both the main provider and borrower, it operates by pledging WLFI as collateral to borrow stablecoins, with no current liquidation risk and the ability to add collateral if necessary. The project stated that this structure provides liquidity to the platform and generates revenue, with USD1 producing an annualized income of approximately $159.5 million. It also plans to submit a governance proposal to unlock locked tokens for early holders.
On April 11, WLFI repaid 25 million USD1 in borrowings on Dolomite, helping restore the platform’s lendable USD1 liquidity to around $35 million. Meanwhile, the annualized interest rate for USD1 deposits on Dolomite has fallen to 10.43%, slightly above USDC at 9.07% and USDT at 7.74%. WLFI still has an outstanding loan balance of approximately $162 million on the platform, including 152 million USD1 and 10.31 million USDC, backed by about 4.99 billion WLFI tokens worth roughly $402 million at current prices.
9. Across Protocol DAO Governance Proposal Passes with 91.51% Support to Restructure Protocol as U.S. Company from Tokenized DAO link
The governance proposal of Across Protocol DAO has been formally approved, with 91.51% of votes in favor of converting the protocol from a tokenized DAO structure to a US C-Corp named AcrossCo. Under the proposal, ACX holders may choose to exchange tokens for company equity at a 1:1 ratio, or sell tokens at a price of 0.04375 USDC per token, representing a 25% premium over the 30-day average price before the proposal was released. The proposal also includes a phased shutdown of the DAO structure, with the new entity taking over protocol IP, development and commercial partnerships.
10. Lightning Labs Unveils Prototype Quantum-Resistant Bitcoin Wallet Recovery Tool Supporting Seedless Proof-of-Restoration link
Olaoluwa Osuntokun, CTO of Lightning Labs, has built the first working prototype of a Bitcoin quantum-resistant wallet rescue tool. Designed to prevent millions of wallets from being permanently frozen when the network activates emergency quantum-resistant defense upgrades in the future, the solution allows users to mathematically prove they are the wallet creators without exposing their mnemonic seed phrases, thereby regaining access to funds.
The prototype is now operational. Generating a proof takes approximately 55 seconds on a high-spec MacBook, while verification takes less than 2 seconds. However, there is no formal BIP (Bitcoin Improvement Proposal) or clear deployment timeline yet.
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