Weekly Project Updates: Sui Launches Native Stablecoin, Fluid to Release V2 This Month, Angle Protocol Announces Orderly Liquidation of Its Stablecoins, etc

Mar 07, 2026

1. Solana Reported Net Loss of About $4.15 Billion in 2025, Ethereum Net Loss of About $1.62 Billion link

Kaiko reports that as Layer 1 tokens are increasingly valued by institutions in an equity-like manner through ETFs, most mainstream public chains remain economically unprofitable for token holders. In 2025, Solana recorded a net loss of approximately $4.15 billion, and Ethereum a net loss of around $1.62 billion. ETH generated revenue of about $260 million, SOL around $170 million, while TRON reached $624 million in revenue, making it the only conventional Layer 1 to cover inflation costs and maintain net deflation. Currently, inflation costs for mainstream public chains are typically 7 to 25 times their revenue. ETH’s current price-to-fee (P/F) ratio is around 1,274x, requiring a 7.2x increase in revenue to break even. In comparison, Hyperliquid shows a viable structure with real revenue distributed to validators at a P/F ratio of 9.43x.

2. Vitalik Buterin Proposes FOCIL Mechanism to Address Ethereum Block Building Centralization Risks link

Vitalik Buterin focuses on the centralization risks in Ethereum’s block building in his latest blog post. He points out that even with the upcoming “Glamsterdam” upgrade, which will formally introduce proposer-builder separation (PBS) allowing validators to outsource block construction to market builders, issues such as transaction censorship and excessive profit extraction may still arise if a small number of builders dominate. He proposes mechanisms including FOCIL, where randomly selected participants designate transactions that must be included in a block, and the block is rejected if they are missing, to reduce the possibility of censorship by a single builder. He also suggests mitigating front-running and sandwich attack risks from “toxic MEV” through transaction encryption, and introducing anonymous routing at the network layer to reduce the risk of intermediate nodes observing transactions in advance.

3. Sui Blockchain’s Native Stablecoin USDsui Officially Launches link

USDsui, the native stablecoin of the Sui blockchain, has officially launched, with a commitment to channel the asset yields backing the token back into its ecosystem. The yields will be used to buy back and burn SUI tokens, or deployed into DeFi protocols and automated market making to incentivize trading. USDsui is issued by Bridge, a stablecoin company acquired by payments giant Stripe last year.

4. Polygon Launches AI Tool Agent CLI for AI Agents to Create Wallets and Manage Funds On-Chain link

Polygon has launched Agent CLI, an AI tool that enables AI agents to create wallets, transfer and manage funds on the Polygon blockchain. It supports token sending, swapping, cross-chain bridging, fiat onboarding, balance and transaction history queries, and other functions. It also allows agents to be registered as on-chain NFT identities with reputation scores via the ERC-8004 standard, and provides HTTP-based x402 micropayment functionality that supports stablecoin gas fee payments and local key storage.

5. xStocks Announces Launch of Unified Execution Layer xChange link

xStocks, a tokenized U.S. stock platform, has announced the launch of xChange, a unified execution layer designed to consolidate liquidity for tokenized equities across Ethereum and Solana. xChange employs an atomic settlement mechanism, ensuring trades are either fully executed at the quoted price or not executed at all, thereby eliminating the risk of partial fills. xStocks states that all assets are 1:1 pegged to underlying U.S. equities and fully collateralized, with prices anchored to real-time public market data.

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6. Nasdaq-Listed CIMG to Acquire Core Assets of DeFi Protocol iZumi Finance link

Nasdaq-listed company CIMG (Creative Investment & Management Group) has announced the signing of a strategic agreement to acquire the core assets of iZumi Finance, an all-in-one liquidity-as-a-service (LaaS) DeFi protocol. iZumi Finance provides innovative liquidity solutions across Ethereum, BNB Chain, and multiple Layer 2 networks. CIMG states that this acquisition aims to integrate DeFi technologies into its existing financial services ecosystem, enhancing asset management efficiency and accelerating its expansion in the Web3 space.

7. Fluid to Release V2 This Month, With Over $200 Billion in Total Processed Volume link

Fluid, a major competitor to Uniswap, is set to release its V2 version this month. Since the launch of V1, Fluid has processed over $200 billion in trading volume, making it the second-largest DEX on Ethereum. The key breakthrough of Fluid V2 is Flash Accounting, which consolidates all liquidity pools into a single Singleton contract, with token transfers settled only at the end of a transaction. This architecture enables higher LTV ratios and reduces penalties to 0.1%.

8. Aave V4 Completes Around 345-Day Security Review With Total Investment of $1.5 Million link

Aave Labs announced that the Aave V4 protocol has completed a full security review lasting approximately 345 days, with a total investment of around $1.5 million. According to the official statement, the project adopted a “security-first” strategy and implemented multi-layer security controls starting from the architectural design phase. The review covered manual audits, formal verification, invariant testing, fuzz testing, and a six-week public security competition that attracted over 900 participants who submitted more than 950 reports.

9. Angle Protocol Announces Orderly Liquidation of EURA and USDA Stablecoins link

Angle Protocol has announced an orderly liquidation of its EURA and USDA stablecoins. Holders may redeem EURA for EURC and USDA for USDC at a 1:1 ratio on Ethereum via the Angle App until March 1, 2027. VaultManager users can close positions to retrieve collateral. After the redemption period, remaining reserves will be reclaimed by the guardian multi‑sig and proportionally airdropped to unredeemed holders on Ethereum via Merkl. The airdrop claim window is one year, giving holders a total of two years to recover funds. The Angle team is now focused on developing Merkl, a DeFi incentive platform.

10. Uniswap Wins Dismissal of All Claims in “Scam Token” Class-Action Lawsuit link

Judge Katherine Polk Failla of the U.S. District Court for the Southern District of New York has ruled to dismiss the remaining state‑law claims against Uniswap Labs and its founder Hayden Adams with prejudice, bringing the case to a final close. The court found that plaintiffs, despite multiple amended complaints, failed to state a plausible claim for holding the platform liable for “rug pulls” and pump‑and‑dump schemes conducted by third‑party token issuers.

The court held that merely providing a decentralized protocol and smart contract code to match buyers and sellers does not constitute substantial assistance to fraud. It further ruled that plaintiffs did not reasonably prove that the defendants had actual knowledge of the alleged fraud, violated state consumer protection laws, or were unjustly enriched.

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