Weekly Project Updates: Linea Opens Airdrop Query, Arbitrum Launches Incentive Program, Hyperliquid to Launch Native Stablecoin, etc

Sep 06, 2025

1. Linea Launches Airdrop Check Page and Officially Kicks off Ecosystem Incentive Program Ignition link

Linea officially announced in a post that its Token Generation Event (TGE) will take place on September 10th. LINEA follows Ethereum’s initial token distribution model: 85% of the tokens are allocated to the ecosystem. Among this, 10% is allocated to early users and builders (with full unlocking), and 75% is included in the largest ecosystem fund in cryptocurrency history. An additional 4% share of this fund will be distributed as an airdrop to the liquidity provider community. Neither the project team nor venture capital institutions have been allocated any shares; they are only committed to the sustainable long-term development of the ecosystem.

Linea announced the official launch of its ecosystem incentive program Ignition, which will distribute a total of 1 billion LINEA tokens across three protocols — Etherex, Aave, and Euler — through the zero-knowledge proof virtual machine Pico and coprocessor products provided by Brevis. This program adopts an off-chain computation and on-chain verification approach to realize verifiable and transparent reward calculation processes for users’ liquidity behaviors, reduce on-chain costs, and support a trustless distribution mechanism.

2. ArbitrumDAO Officially Launches DeFi Renaissance Incentive Program with a Total Budget of 80 Million ARB Tokens link

ArbitrumDAO has officially launched the DeFi Renaissance Incentive Program (DRIP) with a total budget of 80 million ARB tokens. The first quarter will distribute a maximum of 24 million ARB tokens, supporting lending protocols such as Aave, Morpho, and Euler, and enhancing the DeFi activity of ETH and stablecoins through leveraged loop strategies. Users can borrow funds by collateralizing specific assets and earn ARB rewards. Each quarter lasts approximately 4–5 months, and the strategies are evaluated and adjusted by the DAO committee.

According to the data dashboard by @tomwanhh, following Arbitrum’s launch of the DeFi Renaissance Incentive Program, the net inflow of stablecoin assets on Arbitrum reached $33.1 million on September 4th, hitting a record high. Among them, the net inflows of USDe and syrupUSDC both exceeded $10 million.

3. Paradigm Co — founder: Tempo Builds L1 Instead of Ethereum L2 to Avoid Relying on Ethereum’s Progress link

Matt Huang, co-founder of Paradigm, stated in a post that Tempo, which he is building, will be a permissionless public chain supporting open validation, contract deployment and usage, maintaining “base-layer neutrality” and moving toward gradual decentralization. He said Tempo focuses on payment and stablecoin scenarios, and the reason for building it as an L1 (Layer 1) instead of an Ethereum L2 (Layer 2) is that a global payment network requires a decentralized set of validators to ensure long-term neutrality while avoiding reliance on the progress of Ethereum L1.

Previously, payment giant Stripe and crypto investment firm Paradigm officially released Tempo, a jointly developed stablecoin payment public chain, which has now entered the private testing phase. The first batch of partners includes Visa, Deutsche Bank, Shopify, Nubank, OpenAI, Revolut, Anthropic and Standard Chartered Bank, among others, which will jointly participate in its design. Patrick Collison, CEO of Stripe, said Tempo is committed to advancing payment acceptance, cross-border settlement, remittances, micropayments and on-chain AI payments. Tempo will operate as an independent entity, with a 15-person team led by Matt Huang, CEO of Paradigm, in charge of its development.

4. Hyperliquid to Launch Native Stablecoin USDH via On — chain Voting link

Hyperliquid has announced plans to select a team to deploy its native stablecoin USDH through an on — chain validator voting mechanism. The winning team is required to submit a proposal containing the deployment address, and the deployment will be executed after receiving majority approval from the validators. In addition, the network will support this mechanism after the upgrade, and the fees for some trading pairs will be reduced by 80%.

5. 220 Million BGB Burned on — chain after Morph’s Strategic Cooperation with Bitgetglobal link

Morph announced that following the strategic cooperation between Morph Foundation and Bitgetglobal, it has burned 220 million BGB on-chain on September 4th. Another 220 million BGB has been locked in an independent address, with 2% unlocked monthly over 50 months, and there are plans to migrate from the Ethereum chain to the Morph chain. According to data from CoinMarketCap, when the unit price of BGB is $4.77, its circulating market capitalization stands at $3.32 billion.

6. Sonic Labs’ First Governance Proposal Passed, Planning to Push S into the US Traditional Capital Market link

The first governance proposal of Sonic Labs has been approved, with plans to advance $S into the U.S. traditional capital market. The proposal includes supporting the issuance of regulated $S — tracking ETPs/ETFs, promoting progress related to Nasdaq DAT (Digital Asset Trading), and supporting the newly established Sonic USA entity to expand compliant investment channels for institutional and retail investors. BitGo will serve as the custodian for the relevant financial products.

7. Currently, Fluid Dominates the Stablecoin Space on Ethereum link

According to research by @tomwanhh, the stablecoin liquidity hub on Ethereum has gradually shifted. Between 2020 and 2024, Curve built the deepest stablecoin liquidity on the mainnet with its 3pool during DeFi Summer, and the liquidity of 3pool reached as high as $6 billion at its peak. In the current cycle, stablecoin projects including GHO, USDe, wstUSR, RLP, and sUSDe have established liquidity on Fluid. Relying on Fluid’s smart collateral and smart debt functions, LPs (Liquidity Providers) and MMs (Market Makers) can earn higher fees from lending and trading, and obtain liquidity by borrowing funds through smart positions. Currently, Fluid dominates the stablecoin sector, with 90% of its trading volume coming from stablecoin transactions; however, it remains to be seen whether Fluid’s dominant position can last for more than six months, as Dodo and Maverick also briefly surpassed Curve in the past.

8. Jito Foundation Makes 4 Updates to JTO Token Economics, Including a Repurchase Plan link

Jito, a liquid staking protocol in the Solana ecosystem, announced four updates to JTO tokenomics: CSD will repurchase $1 million worth of JTO in four phases and continue to advance value accumulation through mechanisms such as TWAP; the JIP-24 proposal has been approved, doubling the DAO’s block engine fee share to 6%; the JTO Token Economics Hub has been launched to display real-time revenue, finances, governance, and token performance; the first token holder meeting will be held on September 24 to review quarterly progress and introduce future plans.

9. Pumpfun Updates Creator Fee Mechanism to Support Community Takeover and Ecosystem Growth link

Pumpfun has launched the “Project Ascend” update plan, aiming to enhance the sustainability of tokens and their alignment with the community through a dynamic fee mechanism. The updates include: introducing Creator Fees V1, which is tiered according to market capitalization, so that the higher the market capitalization, the lower the Creator Fee, applicable to all PumpSwap tokens; keeping the protocol’s share with LP unchanged; and increasing the processing speed of Creator Fee applications by 10 times to support the rapid launch after community takeover. This mechanism is designed to bring more incentives to content creators and the community without compromising the trading experience.

10. BRC20 Protocol Announces Major Upgrade ‘BRC2.0’, Integrating EVM link

The BRC20 protocol announced the completion of a major upgrade “BRC2.0”, which has integrated the Ethereum Virtual Machine (EVM). This upgrade was jointly implemented by Ordinals developer Best in Slot and BRC20 founder Domo, aiming to provide users with composability and programmability experiences similar to those on Ethereum, while being secured by the Bitcoin network. The upgrade was activated at Bitcoin block height 912,690.

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