Weekly Project Updates: OpenSea OS2 Launches, USD1 Integrates with Kernel DAO, Binance HODLer Airdrops Features Sophon (SOPH), etc

May 31, 2025

1. OpenSea Announces OS2 Platform Launch link

OpenSea announced the official launch of its new — version platform OS2, ending the testing phase and setting it as the default experience. It supports the trading of almost all tokens on 19 blockchains. Meanwhile, it launches a reward mechanism called “Voyages”, through which users can earn XP by performing operations such as cross — chain minting, token trading, and wallet switching. Users during the testing period can unlock three “Treasures” as proof of early — stage contributions, which will be included in the subsequent rewards. At present, the issuance time of SEA tokens has not been announced.

2. WLFI’s USD1 Integrates with Kernel DAO as Re — Stakable Asset link

The crypto — project of the Trump family, World Liberty Financial (WLFI), announced that its USD1 has been integrated with Kernel DAO and become a re — stakable asset. This cooperation marks that its stablecoin provides security for third — party applications for the first time.

3. Litecoin Launches Layer — 2 Network LitVM with Smart Contracts link

Lunar Digital Assets announced the launch of LitVM, a zero — knowledge Layer — 2 network in the Litecoin ecosystem, introducing smart contracts to Litecoin, which was born in 2011. The network is built on BitcoinOS and Polygon CDK and is supported by the Litecoin Foundation. Lunar Digital Assets stated that LitVM will help Litecoin expand into the DeFi and Web3 ecosystems, providing on — chain use cases such as stablecoin payments and programmable assets (Runes, Lordinals).

4. HyperEVM Network Sees Over 300K Daily Transactions, All — Time High link

Recently, the HyperEVM network built by Hyperliquid has seen its daily transaction volume exceed 300,000 and the number of daily — active addresses exceed 18,000, both reaching all — time highs. In the past 24 hours, the popular contracts in the HyperEVM network include HyperSwap, LiquidLaunch: Launchpad, KittenSwap, and LiquidSwap DEX Aggregator, among others.

5. BNB Chain Unveils Dedicated Incentive Program for RWA Projects link

BNB Chain has announced the launch of an exclusive incentive program for real — world asset (RWA) projects. The program provides customized support for RWA projects built on or migrated to BNB Chain, including technical and compliance guidance, liquidity injection and TVL (Total Value Locked) incentives, growth — oriented funding and marketing support, as well as a scalability roadmap. Applications have been open since May 29th, targeting all high — potential RWA projects, and support will be provided to high — quality projects after a rigorous evaluation.

6. Sui to Allocate Extra $10 Million for Security, Reacting to Cetus Event link

Sui stated in a publication that although the Cetus incident originated from a vulnerability in its own mathematical library rather than security issues with Sui or Move, users have still been substantially impacted. Sui will comprehensively strengthen ecological security safeguards. It will introduce existing security measures and announce an additional $10 million allocation for security projects such as audits, bug bounties, and formal verification, with specific implementation to be coordinated and advanced in consultation with the developer community.

7. Yuga Labs Sells Moonbirds IP to Game Startup Orange Cap Games link

Bored Ape Yacht Club developer Yuga Labs announced it has sold the intellectual property of the Moonbirds NFT project to gaming startup Orange Cap Games. The company previously launched Vibes TCG, a card game based on Pudgy Penguins, deployed on Ethereum layer-2 network Abstract. The transaction amount was not disclosed. This sale marks Yuga Labs’ second divestment of non-core NFT projects following the transfers of CryptoPunks and Meebits.

8. Ethena Labs’ USDe Continues Expansion in HyperEVM Ecosystem link

Ethena Labs announced that its stablecoin USDe continues to expand within Hyperliquid’s HyperEVM ecosystem. Currently, USDe trading pairs occupy four of the top six liquidity pools of Curve Finance on HyperEVM. Users can earn trading fees and 30x Ethena points by providing USDe liquidity.

9. Mask Acquires Orb.club, Top Social App on Lens Chain link

Decentralized social protocol Mask Network has announced the acquisition of Orb.club, a native social application built on the Lens protocol. As the largest mobile social product by user base on the Lens chain, Orb.club focuses on emoji airdrops, collectible activity feeds, and a native tipping mechanism. The acquisition will integrate Orb.club into the MaskDAO social ecosystem, synergizing with components like Next.ID, Web3.bio, and Firefly.social to further expand Mask’s footprint in Web3 social scenarios.

10. Binance HODLer Airdrops to List 20th Project Sophon (SOPH) link

Binance has announced that Sophon (SOPH) is the 20th project launched on HODLer Airdrops. Binance launched the spot trading pairs of SOPH against USDT, USDC, BNB, FDUSD and TRY at 21:00 (UTC+8) on May 28, 2025. Sophon is a consumer — facing entertainment blockchain project built on ZK Stack.

Users with at least 195 Binance Alpha Points can claim an airdrop of 1,250 SOPH tokens on the Alpha event page, and claiming the airdrop will consume 15 Binance Alpha Points.

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