Weekly Project Updates: Ethereum Community Foundation Is Established, Linea to Announce TGE Details, Hyperliquid's Open Interest Hits an ATH, etc

Jul 13, 2025

1. The Ethereum Foundation Published an Article Elaborating on Ethereum’s Full Adoption of Zero — Knowledge Proof link

The Ethereum Foundation published an article on its blog, elaborating on Ethereum’s full — scale adoption of Zero — Knowledge Proof (ZK). The first step is to deploy L1 zkEVM. It is planned to be achieved within one year by allowing validators to optionally run ZK clients, verifying the proofs generated by multiple zkVMs, replacing the re — execution of blocks, and maintaining the security of client — side diversity. The Glamsterdam upgrade will introduce a pipelining mechanism to extend the proof time. Real — time proof is defined as follows: 99% of the main — net blocks are completed within 10 seconds, the hardware cost is ≤ $100,000, the power consumption is ≤ 10kW, the proof size is ≤ 300KiB, and the security is ≥ 128 — bit. The goal is to support home — based proof, enhance anti — censorship, and increase the Gas limit in the future to support native zk — rollup.

2. Linea Project Leader: The Announcement to be Released This Month Will be Related to TGE link

Linea project lead Declan Fox tweeted to announce that he is ready to fulfill the LINEA plan released in Bangkok, with a detailed announcement to be made later this month. When a community member asked if the announcement was related to TGE (Token Generation Event), Declan Fox clearly replied “Yes”.

3. Hyperliquid’s Open Interest Breaks Through $10.6 Billion, Reaching an All — Time High link

Hyperliquid tweeted that its platform’s open interest has exceeded $10.6 billion, hitting a new all-time high. According to Coingecko market data, its token HYPE is currently quoted at $46.17, up 18.2% in the past 7 days. In addition, HYPE has been listed on Bybit’s spot platform.

4. Eigen Labs Lays off 25% of Its Staff and Restructures Resources to Focus on EigenCloud link

Eigen Labs announced a 25% workforce reduction, totaling 29 people across multiple positions, aiming to restructure resources and focus on its newly launched developer platform EigenCloud. The platform, which focuses on on-chain and off-chain verification, received $70 million in funding led by a16z last month, bringing the total funding raised to $220 million. Eigen Labs stated that the layoffs are not due to financial pressure, and affected employees will receive accelerated token vesting, three months of salary compensation, and career transition support. There are currently no plans for further layoffs.

5. Polygon PoS Network Launched the Heimdall v2 Consensus — layer Upgrade on July 10th link

Polygon Foundation CEO Sandeep announced that the Polygon PoS network launched the Heimdall v2 consensus layer upgrade on July 10, which is the most technically complex hard fork since the mainnet launch in 2020. This upgrade jumps Heimdall from the old Tendermint + Cosmos SDK v0.37 to CometBFT + Cosmos SDK v0.50 in one go, reducing finality to approximately 5 seconds and completely removing old technical debt. Sandeep reminded that Heimdall’s finality may be delayed by about 3 hours on the day of the upgrade, and it is recommended that dApps temporarily increase the number of confirmations to 256 blocks.

6. BNB Completes the 32nd Quarterly Burn, Worth Approximately $1.024 Billion link

The BNB Foundation announced the completion of the 32nd quarterly burn, with a total of 1,595,599.78 BNB burned, worth approximately $1.024 billion. This includes 1,595,470.69 BNB actually burned and 129.10 BNB burned under the Pioneer Burn program. After this burn, the total remaining supply of BNB is 139,289,513.94, and the burned tokens have been sent to the black hole address.

7. HashKey Chain Announces the Main — net Launch of the veHSK (vote — escrowed HSK) Governance Mechanism link

HashKey Chain announced the mainnet launch of the veHSK (vote-escrowed HSK) governance mechanism. veHSK is a non-transferable governance credential obtained by staking HSK. Users can participate in on-chain governance voting based on veHSK and enjoy ecological rights such as priority participation in projects and proposals for profit distribution. The veHSK launched this time introduces a dual-track governance system, divided into two mechanisms: daily governance that does not require consuming veHSK, and major governance that requires consuming part of veHSK.

8. Aptos Network’s RWA TVL Has Grown to $538 Million in the Past 30 Days, Becoming the Third — largest RWA Network link

The RWA TVL of the Aptos network has increased by 56.28% in the past 30 days to $538 million, making it the third largest RWA network after Ethereum and ZKsync Era. In Aptos RWA, private credit amounts to nearly $420 million, U.S. Treasuries reach $86.93 million, and institutional alternative funds stand at $30.72 million.

9. OpenSea Has Acquired Rally to Strengthen Its Layout in the Token Trading Field link

OpenSea has acquired Rally, a company that develops Rally Wallet and mobile-first Web3 application experiences. The acquisition aims to strengthen OpenSea’s layout in the field of token trading, and this function currently covers 19 blockchains.

10. The Re — staking Protocol Inception, Built on EigenLayer, Announces the Official Termination of Its Operation link

Inception, a re-staking protocol built on EigenLayer, announced the official termination of its operations. In a statement, the team said that despite launching more than 15 LRTs, integrating over 60 DeFi protocols and passing 8 security audits in the past two years, it had never found product-market fit, and the lack of liquidity incentives for shared security made the protocol unsustainable. Inception had secured $3.5 million in funding on January 25 this year.

Wu Blockchain

Discussion about this post