Weekly Project Updates: Pump.fun Launches 2.0 Version, Animoca Brands Unveils Moca Chain, zkLend Announces Operational Shutdown, etc

Jun 28, 2025

1. Grayscale Updates Q3 Top 20, Adds AVAX and MORPHO, Removes LDO and OP link

Grayscale Research has updated the Top 20 asset list for the third — quarter of 2025. This quarter, Avalanche (AVAX) and Morpho (MORPHO) are newly added, due to the increase in on — chain trading activity and the strong growth of decentralized lending respectively. While Lido DAO (LDO) and Optimism (OP) are removed, facing the competitive pressure from centralized staking services and the uncertainty of token revenue distribution.

2. Aptos Announces Its On — Chain Real — World Assets (RWA) Scale Exceeds $540 Million link

According to the official release of Aptos, the scale of its on — chain real — world assets (RWA) has broken through $540 million, entering the top three public blockchains in the RWA field. Aptos said that its current ecosystem is being supported by many projects, including Shelby, Aave, Bitwise and WYST.

Aptos’ TVL has significantly increased from the low point last summer, climbing to a new all — time high of over $1.3 billion, which is attributed to the increase in stable — coin flow and the coordinated liquidity incentive measures in Aptos’ leading protocols. Aptos’ block time has been steadily improved, reduced from 220 ms to less than 125 ms, with a delay reduction of about 45%, making it the fastest L1 in terms of block time. The trading volume of Aptos DEX reached an all — time high in May, and the monthly trading volume of native protocols such as Hyperion, Thala and LiquidSwap exceeded $2.9 billion.

3. Arbitrum’s Protocol Revenue Reached $1.43 Million Last Week, Ostium Grows 120% link

The Arbitrum protocol generated $1.43 million in revenue last week, a 23% increase from the previous week. Among them, GMX accounted for $550,000, Ostium for $225,000, Gains Network for $120,000, Pendle for $85,000, and Uniswap for $82,000. It is worth noting that Ostium’s revenue surged 120% last week, possibly due to Arbitrum RWA reaching a record — high of $300 million.

4. Decentralized Prover Network Succinct Announces the Launch of Stage 2.5 link

Decentralized prover network Succinct announced the launch of Stage 2.5, marking the final phase of its Prover Network testnet. It introduces top zero-knowledge proof hardware teams to build the world’s largest prover cluster. Stage 2.5 implements competitive auctions, Sybil-resistant staking, and a high-throughput settlement layer, supporting anyone to run prover nodes. The testnet will airdrop PROVE tokens to incentivize community staking and prepare for mainnet launch.

5. Pump.fun Launches Version 2.0, Rolls out Hot — spot Tracking and One — click Buying Function link

Pump Fun announced the launch of version 2.0, adding mobile-adapted hot currency dynamics (movers feed), one-click buying (tap-to-ape) function, and a news section displaying popular currencies. The app is now available on iOS and Android platforms, but not for users in the UK.

6. Ethena Launches Terminal Liquidity Hub, sENA Holders to Receive Additional Rewards link

Ethena Labs stated that Terminal is building a liquidity hub centered on sUSDe and institutional assets, and has launched an early deposit program supporting deposits of USDe, WBTC, and ETH. Holders of sENA will start accumulating Terminal rewards, which may be linked to future airdrops. Additionally, Terminal points will be added to the sENA page as one of the reward categories jointly composed with Ethena and other protocols.

7. Sky Approves $1 Billion Allocation to Janus Henderson On — Chain Strategy Fund link

Decentralized lending platform Sky announced the approval of a $1 billion allocation to the on-chain AAA-rated CLO strategic fund launched by the collaboration between Janus Henderson and Centrifuge. The fund will adopt the Grove decentralized infrastructure. Developed by Grove Labs, Grove is a non-custodial protocol designed to optimize capital flows between crypto and traditional financial platforms, and it is affiliated with Steakhouse Financial, a financial consulting firm specializing in DeFi.

8. zkLend Announces Operational Shutdown, Will Use Remaining $200,000 for User Compensation link

zkLend has announced the official closure of its operations, with the remaining $200,000 funds to be allocated to a user recovery fund. The team stated that previous hacking incidents had eroded user confidence, and coupled with the delisting of ZEND tokens from exchanges like Bybit and KuCoin, resulting in restricted liquidity, it no longer had the conditions to continue development. zkLend will retain the DeFi Spring, recovery, and kSTRK portals for user use, and continue to commission third parties to track stolen assets. Meanwhile, zkLend will open-source its updated codebase in the coming weeks. zkLend had secured $5 million in funding in March 2022, led by Delphi Digital with participation from StarkWare.

9. Humanity Protocol Founder Responds to “Domestic Project Shell — packing” and Privacy Controversies link

Humanity Protocol founder Terence Kwok responded to reports on June 23 regarding controversies over “domestic projects using shell companies” and palmprint privacy. Kwok stated that the old version of the App (v1.0.2) mistakenly packaged residual image resources from the testing phase, which were not called and did not affect functionality. Relevant files have been deleted and an update has been pushed, with no security issues. The mentioned “Zhangteng Information” was an early technical partner that had served UnionPay and Shanghai Metro. Kwok emphasized that Humanity does not collect original palmprints or identifiable information. All biometric data is locally converted into privacy signatures, using end-to-end encryption, and data is not stored in China. The project operates globally, attaches importance to privacy, and welcomes media verification and communication.

10. Moca Foundation Announces the Launch of L1 Chain Moca Chain for Identity and User Data link

Animoca’s Moca Foundation announced the launch of Moca Chain, a Layer 1 blockchain for identity and user data. It supports privacy-preserving data verification and management for users, devices, and AI entities without centralized platforms. As a modular, EVM-compatible public chain, Moca Chain integrates decentralized storage, cross-chain identity oracles, and zkTLS technology. It plans to launch the testnet in Q3 2025 and the mainnet in Q4, using MOCA Coin as the gas fee and data verification token.

Wu Blockchain

Discussion about this post