RaaS #439: $25B in Ethereum App Fees!

EF Keeps Shipping, Humanity Protocol Tanks, and Moar!

“Uniswappy” is a Permissionless-inspired Uniswap trading card generator that turns your Twitter profile into a collectible. It’s crypto culture meets nostalgia, gamifying identity and engagement for the on-chain.

Over $2B in crypto stolen this year, and we’re only halfway through 2025. TRM Labs says 80% came from front-end and key hacks, not smart contracts. The $1.5B Bybit breach (hello, North Korea) shows this isn’t just retail clumsiness anymore. Time to rethink what “secure” really means.

Kashvi explains why Boundless launched a leaderboard on KaitoAI without rewards, and no, it’s not a bug. Reka clarifies that they’re prioritising long-term community building over short-term incentives, aiming to attract aligned contributors.

Bryan Pellegrino called out Hart Lambur for buying ACX tokens just before a surprise Binance listing, implying it looked like insider trading.  Hart denies insider trading, says he found out on Twitter, still holds the tokens, and demands an apology.

The veToken model, pioneered by Curve and refined by OlympusDAO’s ve(3,3), locks tokens to boost governance power and yields, curbing volatility and manipulation. While effective for alignment, it limits capital efficiency, trading liquidity for long-term control.

Ladislaus.eth recaps the EF Protocol team’s June sprint: EIP-7782 proposes 6s slot times for faster UX, while WFR-Gossip slashes bandwidth (–50%) and latency (–40%) using optimal transport theory. Add in multi-dimensional gas, L2 interop, and prep for Glamsterdam.

Cardano just elected 7 members to its first-ever Constitutional Committee, marking a real shift to on-chain governance post-CIP-1694. The Foundation’s stepping back signals a serious handoff to the community.

Across Protocol is under fire after claims that insiders used hidden wallets to rig DAO votes and funnel $23M in $ACX. On-chain data backs it. A 10% price dip and fresh doubts over whether “community governance” in crypto is anything more than marketing.

Don’t ask me how I do it.

Weed® partners with Khalifa Kush, Wiz Khalifa’s global cannabis brand, to launch AI-powered wellness products. With top execs joining Weed®’s advisory board, blending celebrity influence and cannabis culture to reshape the future of “well-being”.

Tally just leveled up DAO safety by integrating Seatbelt, an open-source tool that simulates proposals before they go live. No more blind trust in calldata. This is a big win for on-chain governance hygiene.

Donnoh_eth called out Hibachi’s so-called “rug-proof” system, pointing out critical flaws: no link between off-chain logic and Celestia data, a non-verifiable ZK program, and a permissioned escape route. Sounds less rug-proof, more trust-me-bro.

Top Gainers: BULLA, BXN, QANX, AIC, EUL.

Ethereum apps have racked up $26B in user-paid fees, led by Tether and Uniswap, cementing DeFi and stablecoins as the chain’s economic core. Token Terminal’s “blockchain GDP” metric reframes usage beyond revenue.

Humanity Protocol’s token plunged 61% after founder Terrance Kwok admitted 88% of Human IDs were bots, undermining its Sybil-resistance claims. The fallout echoes Kwok’s failed startup Tink Labs and casts doubt on its $1.1B valuation backed by Pantera and Jump.

Liquidity flows are shifting to infra plays like LayerZero and Morpho post-Bitcoin halving. FXN’s new model shows capital efficiency with zero liquidations during major crashes.

That’s all for today!