RaaS #418: Kaito Unveils Yapybara NFTs!

Solana Starts Dual Listings, BNB Tops DEX Volumes, and Moar!

Virtuals launched a two-tier referral program: earn 20% of trading fees from direct referrals and 5% from theirs. Example: $10K in volume → $20 (tier 1) or $5 (tier 2). Built to expand its AI-agent ecosystem, though critics flag potential KOL bias.

Kaito AI’s Yapybara NFTs, launched May 29, 2025, are Genesis collectibles by FroggyCyborg (ex-Pudgy Penguins, Chubbicorns). With 21 unique 1:1s offering InfoFi perks, they reward top Genesis/sKAITO holders.

Backed by the Uniswap Foundation, ChainHopper enables seamless LP migrations across chains (Mainnet, Arbitrum, Unichain). Built on Across Protocol, it cuts gas costs and friction, aligning with UF’s vision for cross-chain liquidity.

Paradigm has proposed a Perpetuals Special Advisory Committee (PSAC) under the CFTC to guide DeFi derivatives regulation. The move responds to surging $100B+ per month DeFi perps volume and echoes the White House’s 2022 digital asset agenda.

Jupiter Exchange, AIX, and the Solana Foundation introduce dual listings, allowing companies to issue traditional IPO shares alongside tokenized assets on Solana. The model bridges TradFi and blockchain markets, expanding AIX’s reach and Jupiter’s mission for unified capital access.

Chainlink highlights Coinbase’s use of its Proof of Reserve to verify $4.6B+ in cbBTC reserves, ensuring 1:1 BTC backing on Base and Ethereum. This boosts transparency for Bitcoin DeFi and marks a shift toward decentralized trust in tokenized assets amid growing scrutiny.

Anatoly Yakovenko says solving hard blockchain problems keeps him going, as Solana hits 900M accounts. He acknowledges rivals like Ethereum and highlights how design choices, like Chilly, Avocado, and LSR, have driven real improvements, with former critics now helping build.

BNB Chain leads all networks in DEX activity, with $143B in 30-day volume (DefiLlama). Low fees and high throughput continue to attract traders, even as regulatory scrutiny around BNB persists.

Messari reviews Sonic Labs’ Q1 2025 surge: $1B TVL, 150+ live apps, and 400K TPS, positioning it as a high-performance EVM Layer-1. The ecosystem spans DeFi, gaming, NFTs, and AI. While its $19.7M “Chain GDP” signals strong growth, users question sustainability amid market volatility.

TON perpetuals open interest jumped 33% to $190M in 24 hours, reaching YTD highs despite a price dip. Such divergence signals heightened speculation, often preceding volatility in high-leverage markets.

Marketing is agile or something.

Datai Network integrates with Eliza.OS to deliver real-time blockchain insights—wallet activity, protocol usage, and tx history—without custom indexers. This enhances AI-agent context, security, and UX in Web3, where context injection attacks are an emerging concern.

JPMorgan notes Ethereum’s Pectra upgrade improved UX and scalability, but didn’t lift on-chain activity. Whale accumulation and ETH’s deflationary model support long-term optimism, but macro headwinds and lack of clear catalysts remain hurdles.

Top Gainers: ZBCN, INC, ZEUS, TRB, SNT.

Worldcoin (WLD) is down 88% from its 2024 peak, even after raising $135M from top VCs. With 12.6M verified users and 27M app installs, it seeks to monetize anti-bot tools despite 600% token inflation and regulatory pushback.

Hyperliquid’s token HYPE surged 84% in a month as airdrop farming and $795M in buybacks cut supply. With 70% market share and $11B market value, it leads onchain derivatives, driven by real usage, strong trader adoption, and infrastructure that outpaces rivals like dYdX.

A DCG–Harris poll found 74% of Americans distrust Big Tech-led AI, and 71% favor decentralized AI models. Public skepticism fuels interest in networks like Bittensor that prioritize transparency, fairness, and self-sovereignty.

That’s all for today, see ya later!