RaaS #423: Circle Is A Public Company!

Covalent’s Ultra-Fast Data Co-Processor To Solve “Latency Crisis,” and Moar!

CZ praises Aster’s BTC perp liquidity, rivaling Binance, spotlighting its push as a DEX with CEX-grade depth. Using Brevis’ ZK architecture, Aster counters issues like liquidation sniping. With low fees, high leverage, and Rh point rewards, it joins dYdX and Hyperliquid in the DeFi liquidity race.

Circle’s $1.1B IPO debut on the NYSE under the ticker CRCL signals rising institutional trust in stablecoins and digital finance. With a vision to build the “money layer of the internet,” Circle leans on USDC and global payments, but faces stiff USDT competition and lofty valuation risks.

HeyElsaAI raised $3M to simplify crypto via AI-driven natural language commands (e.g., “stake my ETH”). Backed by M31 and Coinbase Ventures, it’s processed $15M+ across 8+ chains, tapping open-source LLMs to drive seamless DeFi UX—part of a growing 2025 agentic AI trend.

Maneki, a DeFAI agent on Virtuals, uses 13 sub-agents to optimize yields across 9+ chains. It auto-rebalances assets like USDC via platforms like Morpho and Pendle, with $1.9M+ volume and 9K+ holders, advancing AI-driven, one-click yield farming in DeFi.

Infinex’s airdrop strategy targets a high-signal, Kaito-native audience of 500K users, avoiding generic farming. By allocating just 10–15% of tokens, it drives quality acquisition, co-marketing, and organic social lift, marking a shift from spray-and-pray to precision TGE playbooks.

Interopdude distills Daniel Pink’s “To Sell Is Human” for introverts in tech: BD today is about trust, not tactics. In a world without info asymmetry, clarity beats hype. Strategic mimicry, mood mapping, and insight-sharing > hard selling, especially in Web3’s authenticity-driven culture.

Virtual Genesis has been a true game-changer this cycle. The team is cracked and ships like crazy, and the fact that this is just one part of the product suite. Agent Commerce Protocol implementation will be something to watch out for.

Anon PFP maxis unite!

Covalent’s Ultra-Fast Data Co-Processor solves blockchain’s “Latency Crisis” with millisecond data delivery across 100+ chains. It supports AI agents, enabling real-time trading and compliance, crucial in high-speed environments where delays can cost millions.

XBorg launched FanBase on June 5, 2025, a no-code platform that lets brands build gamified fan experiences. Powered by the XBorg Protocol, it issues verifiable credentials and digital perks. FanBase runs on a SaaS model, benefiting XBG holders.

Top Gainers: LA, POLY, MIXIE, RVN, VICE.

Fluid (formerly Instadapp) rebranded in Dec 2024 to unify DeFi liquidity via its Liquidity Layer, powering lending, vaults, and a DEX. By May 2025, it reached a $2B market size. Its vault enables 95% LTV and 0.1% penalties. The DEX hit $46B in volume, rivaling Uniswap’s speed.

Aave’s Umbrella Safety Module lets users stake aTokens to earn rewards while helping cover protocol risks. It reduces governance reliance by automating bad debt coverage, though staked assets may be slashed. Part of Aave’s 2025 updates, including safer GHO staking via sGHO.

That’s all for today, see ya later!