RaaS #420: Solana Captures 57% of dApp Revenue!

Yearn Launches yBOLD, Scroll Blocktime Now At 1s: GM Web3

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Radarblock xyz
June 02, 2025

Helium Crosses 250k+ Subscribers, GENIUS Act Set To Pass, and Moar!

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Yearn introduces yBOLD, a yield-bearing token for Liquity’s BOLD stablecoin via Yearn V3. It auto-optimizes yield across stability pools, uses Dutch Auctions for collateral efficiency, and shares profits with st-yBOLD holders.

Simon says KaitoAI helped him earn nearly $200K via Yapruns and sKAITO. Backed by top VCs, KaitoAI powers InfoFi, turning quality engagement into real rewards. It’s not just income; Simon credits it for improving his content, network, and career in Web3.

Scroll, a zkEVM Layer 2, cut block times from 3s to 1s—reducing latency by 66% and enabling near-instant confirmations. This boosts UX for use cases like the ether.fi Cash Card, which improves execution and keeps Scroll on track for sub-500ms latency.

Circle launched its “Developer Bounties - Group 1” with DoraHacks, running from June to August 2025, offering 20,000 USDC to developers building with Circle tools. The goal: boost USDC adoption across 20 chains by incentivizing Web3, crypto, and AI builders to create real-world payment solutions.

Helium Mobile, a Solana-powered DePIN, added 78K users in May 2025 (39% MoM growth), reaching 250K+ subscribers. Its crypto-rewarded, low-cost model incl. the world’s first free mobile plan, drives adoption, showcasing Solana’s role in scaling real-world blockchain use cases.

Sonic Labs highlights its use of account abstraction (via EIP-7702) to simplify Web3 UX: gas subsidies, dynamic fees, social recovery, session keys, and easy onboarding. This reduces friction for users and devs, positioning Sonic as a more efficient, accessible L1 in 2025.

Solana led May 2025 with 57% of all dApp revenue ($217M), surpassing Ethereum, BNB, Base & Arbitrum combined. Its edge comes from low fees, high throughput (PoH + Sealevel), and strong app traction—though ETH still dominates in market cap at $160B vs Solana’s $11B.

Yu Hu says attention drives crypto value, via adoption for non-memes, and attention × narrative for memecoins. Kaito AI moves beyond hype, activating 33K+ agents on Newton and building a Capital Launchpad to align attention with real conversion and quality in Web3.

Silencio!

One More Day To Go!

Dripster, launched on Solana, merges AI design with tokenized funding via “dripcoins” for physical products. Using bonding curves, liquidity unlocks at $40K market cap and products at $200K. Backed by Strobe Ventures, it pioneers decentralized, community-led product creation.

Top Gainers: WEMIX, L3, PORT3, KOKOK, TON.

Solana memecoin creators earned $2.9M in 3 weeks via Pump.fun’s 0.05% trading fee share. Top wallet made $93K from Moonpig, which hit $125M market cap before falling 71%. Others, like Neet Coin, reinvested earnings into social stunts.

The GENIUS Act, a U.S. Senate bill regulating stablecoins, passed with bipartisan support (66–32) on May 19, 2025, fast-tracking toward approval before August. It introduces FTC/CFPB oversight, bans misleading FDIC claims, and restricts patriotic branding—amid controversy over Trump-linked ventures.

That’s all for today, see ya later!