Industry Reports

DeFi Technologies announced its 2025 financial results, with revenue reaching $99.10 million, a 215% increase year over year; net profit was $62.70 million, a significant improvement compared to the net loss of $12.70 million in 2024. Operating expenses decreased by 14%, the value of digital assets was approximately $178.7 million, and cash plus stablecoins totaled $113.8 million.

x402 The foundation was established on April 3 by the Linux Foundation and Coinbase, with the goal of managing and standardizing AI agents in payment protocols. Founding members include 15 organizations such as Google and Microsoft. The protocol aims to facilitate payments without human intervention. As industry demand for AI autonomous trading rises, the x402 protocol is seen as a key to reviving trading activity, but trading volume plummeted sharply after reaching its peak.

Solana’s decentralized contract platform Drift Protocol has suffered a major security vulnerability, affecting 20 protocols and causing losses of up to $285 million. The attack primarily exploited a multisig mechanism flaw, which harmed multiple projects. Drift suspended withdrawals; some protocols quickly compensated affected users, highlighting the potential risks in the DeFi ecosystem.

Gate News message, April 3, data shows that in the first quarter of 2026, the total stablecoin supply increased by about $8.0 billion to a record $315.0 billion. This quarter, stablecoins accounted for 75% of total crypto trading volume, reaching a historical high. At the same time, the total stablecoin trading value surpassed $2.8 trillion. Among them, retail-scale transfers (typically associated with individual users) fell 16%, the largest decline in history; automated trading activity surged, with bots accounting for 76% of all stablecoin trading volume.

Decentralized exchange Hyperliquid’s market share rose from 3.5% to nearly 6% within a year, showing that it grew against the trend in a shrinking market and captured real trading activity. The platform not only focuses on crypto assets, but has also expanded to around-the-clock trading in non-crypto commodities such as oil, offering advantages over the structural shortcomings of traditional exchanges and attracting institutional traders who need precise risk management.

SolanaFloor data shows the Drift protocol vulnerability's affected scope has expanded to 20 protocols, with losses exceeding $10 million, including Prime Numbers Fi and Gauntlet. Most affected protocols have paused the relevant functionality and are taking countermeasures.

Stablecoins are undergoing an evolution into a foundational financial infrastructure. North America leads in development, focusing on regulated, compliant options. The market shows a shift with RLUSD gaining traction due to integration with Ripple, emphasizing real demand over exchange liquidity.

French blockchain-based stock exchange Lightning Stock Exchange (Lise) is preparing to host what it describes as a fully onchain initial public offering (IPO), listing aerospace and defense SME ST Group as its inaugural company. The company called the deal the first IPO on a natively tokenized exch

Vitalik Buterin warns that AI tools pose significant privacy threats due to reliance on remote infrastructure. This structure can lead to unauthorized data access, vulnerabilities, and jailbreak attacks that jeopardize user interests and trust.

Project 0 Co-Founder MacBrennan posts an update, stating that the losses from the Drift vulnerability incident will be addressed by April 2, and the specific calculation method will be announced before resuming operations. Drift lenders will share losses proportionally, while non-lenders may face an impairment of up to approximately 2%. The loss assessment is based on the most conservative scenario; conditions may improve in the future.

At the EthCC conference, an AWS researcher conducted high-pressure testing on the Ethereum Verkle tree, revealing four major performance bottlenecks facing statelessness and proposing optimization solutions, which are expected to improve node operating efficiency by more than 3x.

Solana Foundation Chief Product Officer Vibhu Norby responded to the Drift Protocol security incident, confirming that an attack occurred. The cause of the attack is still under investigation. The incident is related to operational security or social engineering, highlights the potential risks of multisig mechanisms, and says that this incident does not represent a systemic issue with Solana DeFi.

At EthCC, Jonathan Passerat-Palmbach discussed the evolution and challenges of crypto mempool technology, noting that current solutions cannot meet protocol-level requirements. He also argued that blind ordering mechanisms could increase centralization and degrade transaction quality. He suggested exploring programmable privacy as a compromise, emphasized that privacy must be combined with economic incentives, and advocated conducting experiments outside the protocol.

Franklin Templeton is launching a cryptocurrency division, Franklin Crypto, by acquiring active crypto firm 250 Digital. Led by CoinFund's Christopher Perkins, this initiative aims to enhance institutional access to actively managed crypto products amid growing demand in the market.

Polymarket’s daily fees jumped from about $363,000 on March 30 to $995,000 on April 1, then fell to $899,000 on April 2. This increase was driven by the platform expanding its fee categories, covering multiple areas.

Prediction market Polymarket’s recent fee expansion has started to affect its numbers, with daily fees and revenue climbing sharply in the days following a March 30 price overhaul.  According to DefiLlama data, daily fees rose from about $363,000 on Monday to over $1 million on both Wednesday and

Ethereum Foundation project manager Hester Bruikman updated the “Trillion-Dollar Security Plan” at the EthCC conference, released a WalletBeat wallet security maturity rating model, and emphasized progress on user security and Clear Signing. She also disclosed that in the first quarter of 2026, Ethereum experienced 16 security incidents, with losses totaling $93 million.

The Uniswap Foundation's unaudited financial snapshot for 2025 shows $49.9 million in cash, 15.1 million UNI, and 240 ETH, enough to fund operations until January 2027. It plans $106.2 million for grants and incentives, emphasizing its role in ecosystem support.

Tokenized bonds open the door for more capital beyond T-bills OpenEden has launched tokenized, high-yield corporate bonds, expanding the RWA market beyond T-bills and attracting additional on-chain capital flows. Tokenized bonds are rapidly expanding into higher-yield asset categories. OpenEden is focusing on the debt segment.

Axe Compute (NASDAQ: AGPU) released its FY2025 annual financial report, showing a total contract amount of $12 million over the past 30 days, an estimated Q2 revenue of $835,000, and more than 20 clients. Following the earnings release, AGPU’s stock price surged by up to 152%, with trading volume reaching a record high. All computing power is supplied by the Aethir network, covering 94 countries and deploying over 435,000 GPUs.