#CMC Market Pulse | 7 Jun 2025
DEFI Brief:
USDT0, the network supporting the omnichain version of Tether’s stablecoin #USDT has launched XAUt0, the omnichain version of Tether’s on-chain Gold product, XAUt.
#paradigm researcher, Dave White, introduces Orbital, an AMM designed specifically for stablecoin pools with any number of stablecoins.
Perpetual DEX, GMX, introduces GMX Express, bringing more reliable execution, custom gas tokens and one-click trading to the #DEX .
VC Fundraises and Airdrops 💰
Perpetual DEX, Variational, raises $1.5M in a strategic round with investors including Mirana, Caladan and Zoku Ventures, among others.
Credit-based money market protocol, 3Jane, raises $5.2M in a seed round led by Paradigm, with support from Wintermute Ventures, Coinbase Ventures, Robot Ventures and more.
Synthetic derivatives platform, Avantis, raises $8M in a Series A funding round led by Pantera Capital and Founders Fund, with other investors including Flowdesk, Symbolic Capital and more.
Delta-neutral investment platform, Neutral Trade, raises $2M in a funding round with investors including Ergonia, Skyland Ventures, BlackPine, alongside angel investors.
#SONIC releases details on the S token airdrop, which will be distributed in two phases: 25% of the airdrop will be liquid on launch, with the remaining vested over 270 days.
