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Daily Brief

New DeFi Game-Changer?

gm Bankless Nation, it's been another loud week for Trump's personal crypto efforts, what's his latest gambit?
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Jan 29, 2025 • 3 min read
New DeFi Game-Changer?
Published on Jan 29, 2025
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Sponsor: Uniswap Labs — Uniswap Labs launched a $15.5 million bug bounty to help secure V4.

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NEED TO KNOW
New Trump Fintech
  1. 🇺🇸 Trump’s Media Company Expands Deeper into Crypto with Truth.Fi. The Trump Media & Technology Group christens a new crypto-related fintech venture.
  2. 🏆 Robinhood Teases Bitcoin Futures Trading Alongside Oil and Gold. Robinhood readies more sophisticated crypto trading tools for retail buyers.
  3. 🍴 Cardano Hard Fork Paves Way for Full Decentralized Governance. The Plomin hard fork will introduce some long-overdue governance upgrades.
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Daily Market Snapshot: ETHBTC hit a grim milestone Wednesday, dropping below the .03 threshold for the first time since 2020 and showcasing ETH's challenging years-long decline against BTC growth.
Prices as of 8pm ET 24hr 7d
Crypto $3.51T ↗ 1.7% ↗ 0.3%
BTC $104,055 ↗ 2.1% ↗ 0.9%
ETH $3,130 ↗ 0.5% ↘ 3.8%
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ANALYSIS
Charting the HyperEVM Hype
Bankless Authors: Kazu & David C

Hyperliquid’s HyperEVM expansion is right around the corner, literally, and amid launch speculation, ecosystem excitement is catching fire.

Hyperliquid’s perpetuals DEX was launched back in 2022 and has quickly risen to become one of the go-to platforms for perps traders. The DEX is averaging a whopping $4.4B in volume per day and continues to hit new all-time highs there, with half of all onchain perpetual DEX trades taking place on the platform.

That's a wild amount of activity for a chain with a single live application... Enter Hyperliquid bulls, who see the HyperEVM expansion allowing a multitude of apps to participate in a tremendous surge in onchain activity.  Said apps won’t be drawn just by the chain’s volume but also by its novel underlying tech.

Knowing all of this, let’s look at some of the projects that have announced their launch alongside the HyperEVM. 👇

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FRIEND & SPONSOR: UNISWAP

Uniswap Labs is offering the largest bug bounty ever: $15.5M for critical bugs in Uniswap v4! Built with community contributions and rigorously audited, v4 will be one of the most audited codebases ever to be deployed onchain, and continues Uniswap’s commitment to security.

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EARLY ACCESS
Can PENGU Flip DOGE?

Is the hype around Pudgy Penguins here to stay?

In this episode of Bankless, Luca Netz, CEO of Pudgy Penguins, explores how meme coins are evolving beyond speculation. We discuss Pengu’s launch on Solana, Pudgy Penguins’ expansion into retail and gaming, and how GIFs with 300M+ daily views are driving mass adoption. Luca also shares why meme coins can be real brands and what’s next for Pudgy’s growing ecosystem.

Listen along below 👇

Watch in Early Access

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.