CMC Market Pluse | 31 May 2025
DEFI Brief:
Lending protocol, Euler Finance, introduces EulerSwap, a #DEX with lending-boosted yields, deeper just-in-time liquidity and native support for using liquidity pool positions as collateral.
Gamma Strategies introduces their on-chain limit order book DEX built exclusively on Uniswap V4.
Leverage farming protocol, Alpaca Finance, announces plans to wind down.
VC Fundraises and Airdrops 💰
Crypto payments infrastructure, Conduit, raises $36M in a Series A funding round led by Dragonfly and Altos Ventures, with other investors including Sound Ventures, Circle Ventures and more.
#Web3 browser, Donut, raises $7M in a pre-seed round led by HongShan (formerly Sequioa CN), BITKRAFT and HackVC, with support from angel investors.
Blockchain-based payment infrastructure project, Beam, raises $7M in a funding round, with participation from Castle Island Ventures, Archetype Ventures, Bankless Ventures and more.
Stablecoin-focused chain, Plasma, announces their XPL token sale, which will sell 10% of the token supply at $500M FDV. Allocations will be determined by user deposits, which will open on 9th June.
On-chain analytics platform, Nansen, announces Nansen Points Season 1: Activation, with June 17th as its start date.
Consumer crypto chain, Sophon, opens claims for the SOPH token airdrop, distributing 9% of the token supply to eligible users. Claims remain open for 60 days.
