Web3 Protocol Pulse

No significant updates today.

Moonbeam ceases operations July 31, 2026, leaving Wormhole-bridged assets stranded without recovery support afterward.

• Moonwell's MIP-M45 proposal...

Uniswap is generating $5.2 million in daily fees, ranking second only to Tether and Circle, with the protocol fee switch now active and UNI buybacks...

Aave is executing a multi-pronged expansion through simultaneous blockchain integration and consumer-facing product development.

• Solana deployment...

Ethereum's EIP/ERC editing process continues with multiple proposals advancing to Draft and Review stages during Meeting #106, underscoring steady governance momentum behind protocol upgrades and infrastructure standards.

Privacy Boost from Sunnyside Labs ships a live, audited SDK that adds confidential token transfers and private contract execution to any OP Stack chain via ZK+TEE hybrid, targeting banks and tokenized assets without protocol changes.

USDC Yield Benchmarks

• 🔥 Harvest USDC APY Ranking: Tracks 56 USDC strategies across 6 networks with $5.2M deposits, median 4.64% APY, led by...

Eli Ben-Sasson's proposal to swap Bitcoin's 21 million cap for ~4% annual issuance targets lost coins and future miner incentives.

• Policy impact:...

Paradex Funding V2 stabilizes smaller-token perpetuals via multi-venue Impact Premium calculation.

• Pulls weighted median prices from Paradex (3.5x)...

• 56 strategies tracked across 6 networks hold $5.2M, with 24h APYs ranging 0.08%-43.67% (median 4.64%).
• Network leaders: zkSync (43.67%), Base...

Robinhood Chain DeFi Adoption Metrics

• 🔥 SteakhouseFi Vaults: Nearly 6,000 users interacted with Steakhouse Financial’s Morpho-based yield...

Robinhood Chain's mainnet launch on July 1 triggered swift DeFi activity across multiple layers.

• Perps integration with Lighter went live...

Aave DAO approved steps to deploy V3 on zkSync Era, extending lending and borrowing into a ZK-rollup environment designed for lower-cost activity. The...

Shor's algorithm breaks ECDSA and Ed25519 signatures used across Bitcoin, Ethereum, and Hedera.

• Key exposures: Wallet signatures, reused addresses,...

• High adoption, thin structure: 119 million users trade legally as VDAs but lack dedicated classification or comprehensive law.
• Tax bite: Flat 30%...

Protocol Upgrades

• 🔥 ERC-8335: ERC-8335 introduces account-level transfer authorization via off-chain EIP-712 signatures for smart contract...

ERC-8335 adds a standard interface for smart contract accounts to execute ERC-20 and native transfers from off-chain EIP-712 authorizations.

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The SEC’s July agenda targets three crypto proposals—token offerings, broker-dealer custody, and trading venues—potentially launching formal...

• Arbitrum leads DeFi with $28.4B TVL, 155+ protocols, and battle-tested Nitro tech
• Base wins retail adoption via Coinbase distribution, topping...

Regulatory Timeline Updates

• 🔥 CLARITY Act Delay: The CLARITY Act missed its July 4 target, shifting the critical Senate floor deadline to...