RaaS #428: Polygon POS Breaks Records in May!

Companies Stacking HYPE, DDC Enterprise Expands Bitcoin Holdings: GM Web3

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Radarblock xyz
June 12, 2025

Virtuals Gives Risk Management Notice, Arbitrum Dominates L2 Fee Game, and Moar!

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Despite recent price dips, Bitcoin remains well above key short-term cost basis levels, with even the 6-month average holding at $97K. This suggests most recent buyers are still in profit, limiting immediate downside pressure from panic selling.

Virtuals Protocol warns users of fake I.R.I.S. tokens circulating ahead of the official launch. The real token will only be available via the verified Virtuals interface. Airdrops are already being spoofed, claims will happen on-site to protect users and avoid gas traps.

Polygon's POS chain hit all-time highs in May with 81M transfers and $141B settled, outpacing Tron and securing a top-3 spot for active addresses. Stablecoin supply also surged to $2.1B, highlighting sustained momentum.

Stablecoin inflows don’t lie, while prices chop, capital is quietly rotating back to Ethereum. With ETH pulling ahead of Arbitrum and Avalanche, it’s a clear signal that institutions still trust the OG chain to park size.

Arbitrum is pulling in 15x more fees than OP Mainnet, cementing its lead in the L2 arena. Alongside Base, it’s emerging as one of the clear winners in the battle for Ethereum’s scaling layer.

All I see is a buying opportunity.

Race cars, earn rewards. What else does one need? Play Covalent’s speedrun the Chain and climb the leaderboards to get your share of rewards!

Chinese public company DDC Enterprise just added 38 BTC to their stash, aiming for a total purchase of 5,000 BTC. This move shows growing institutional interest in Bitcoin from Asia’s markets.

Companies started to add HYPE to their treasury. Higherliquid!

Top Gainers: AURA, VENOM, TAG, WFCA, REKT.

Morpho launches Morpho V2 as a fixed-rate, fixed-term lending platform built to unlock the full potential of on-chain loans, offering more predictable and user-friendly borrowing experiences.

The DTCC’s move into stablecoins marks a significant step toward integrating blockchain with traditional finance, signaling growing institutional acceptance. This could accelerate stablecoin adoption while reshaping how trillions in daily stock trades are settled.

That’s all for today, see ya later!