1. Linea launch airdrop inspection page and officially announce the start of the ecological incentive plan Ignition link
Linea official announcement states that TGE will be held on September 10. LINEA emulates Ethereum's initial distribution plan: 85% of tokens are allocated to the ecosystem. Among them, 10% is allocated to early users and builders (fully unlocked), and 75% is included in the largest ecosystem fund in cryptocurrency history, with another 4% allocated to liquidity provider community airdrops. The project team and venture capital institutions do not allocate shares, but are committed to sustainable long-term ecosystem development.
Linea announced the official launch of the ecological incentive program Ignition, which will distribute a total of 1 billion LINEA tokens across three protocols: Etherex, Aave, and Euler, using zero-knowledge proof virtual machine Pico and coprocessor products provided by Brevis. This solution implements verifiable and transparent reward calculation processes for user liquidity behavior through off-chain computing and on-chain verification, reducing on-chain costs and supporting a trustless distribution mechanism.
2. ArbitrumDAO officially launched a DeFi Renaissance incentive program with a total budget of 80 million ARB link
ArbitrumDAO officially launched a DeFi Renaissance incentive program (DRIP) with a total budget of 80 million ARB, with the first season distributing up to 24 million ARB, supporting lending protocols such as Aave, Morpho, and Euler, and enhancing the DeFi activity of ETH and stablecoins through leveraged cycling strategies. Users can borrow against specific collateral assets and earn ARB rewards. Each season lasts approximately 4-5 months, with strategies evaluated and adjusted by the DAO committee.
According to @tomwanhh's data panel, as Arbitrum launched the DeFi Renaissance incentive program, Arbitrum's stablecoin assets saw a net inflow of 33.1 million USD on September 4, setting a historical high, with both USDe and syrupUSDC net inflows exceeding 10 million USD.
3. Paradigm co-founder: Tempo builds L1 instead of Ethereum L2 to avoid reliance on Ethereum's progress link
Paradigm co-founder Matt Huang stated that the Tempo being built will be a permissionless public chain, supporting open validation, contract deployment, and usage, maintaining 'underlying neutrality', and gradually decentralizing. He mentioned that Tempo focuses on payment and stablecoin scenarios, choosing to build L1 instead of Ethereum L2, because the global payment network requires a decentralized set of validators to ensure long-term neutrality while avoiding dependence on Ethereum L1's progress.
Previously, payment giant Stripe and crypto investment firm Paradigm officially launched the jointly developed stablecoin payment public chain Tempo, which is currently in private testing. The first batch of partners includes Visa, Deutsche Bank, Shopify, Nubank, OpenAI, Revolut, Anthropic, and Standard Chartered, all of whom will participate in the design. Stripe CEO Patrick Collison stated that Tempo is committed to promoting payment acceptance, cross-border settlement, remittances, micropayments, and AI payments on-chain. Tempo will operate as an independent entity, with Paradigm CEO Matt Huang leading a team of 15 responsible for development.
4. Hyperliquid will introduce its native stablecoin USDH through on-chain voting link
Hyperliquid announced plans to select a team to deploy its native stablecoin USDH through an on-chain voting mechanism for validators. The selected team must submit a proposal including the deployment address and execute the deployment after a majority vote from validators. Additionally, the network will support this mechanism after an upgrade, with transaction fees for certain trading pairs also reduced by 80%.
5. After strategic cooperation with Bitgetglobal, 220 million BGB have been destroyed on-chain link
Morph announced that after strategic cooperation with Bitgetglobal, 220 million BGB were destroyed on-chain on September 4, with another 220 million BGB locked in an independent address, unlocking 2% monthly over 50 months, and plans to migrate from Ethereum to the Morph chain. Coinmarketcap data shows the current price of BGB is 4.77 USD, with a circulating market cap of 3.32 billion USD.
6. Sonic Labs' first governance proposal has been approved, aiming to drive S into the traditional U.S. capital markets link
Sonic Labs' first governance proposal has been approved, aiming to promote $S into the traditional U.S. capital markets. This proposal includes supporting the issuance of regulated $S tracking ETP/ETF, advancing Nasdaq DAT (tokenized asset trading) related progress, and supporting the newly established Sonic USA entity to expand compliant investment paths for institutional and retail investors. BitGo will act as the custodian for the relevant financial products.
7. Currently, Fluid dominates the stablecoin space on Ethereum link
@tomwanhh's research indicates that the liquidity center for stablecoins on Ethereum has gradually changed. Between 2020 and 2024, Curve built the deepest stablecoin liquidity on the mainnet with 3pool during DeFi Summer, with peak liquidity reaching 6 billion USD; in this cycle, stablecoin projects including GHO, USDe, wstUSR, RLP, and sUSDe have established liquidity on Fluid, leveraging Fluid's smart collateral and smart debt features, allowing LPs and MMs to earn higher fees from lending and trading, and obtain liquidity through smart position borrowing. Currently, Fluid dominates the stablecoin space, with 90% of its trading volume coming from stablecoin transactions; however, it remains to be seen whether Fluid's dominance can last more than six months, as Dodo and Maverick have also briefly surpassed Curve in the past.
8. The Jito Foundation has made four updates to the JTO token economics, including the repurchase plan link
Solana ecosystem liquidity staking protocol Jito announced four updates to the JTO token economics: CSD will repurchase 1 million USD JTO in four phases and continue to promote value accumulation through mechanisms such as TWAP; the JIP-24 proposal passed, doubling the DAO block engine fee sharing to 6%; the JTO token economic center will go live, displaying real-time income, finances, governance, and token performance; the first token holder meeting will be held on September 24 to review quarterly progress and introduce future plans.
9. Pumpfun updates Creator Fee mechanism, supporting community takeover and ecological growth link
Pumpfun launched the 'Project Ascend' update plan, aimed at enhancing the sustainability of the cryptocurrency and community alignment through a dynamic fee mechanism. Updates include: introducing a market cap tiered Creator Fees V1, where higher market caps correspond to lower Creator Fees, applicable to all PumpSwap cryptocurrencies; maintaining the protocol and LP profit-sharing unchanged; increasing the speed of Creator Fee application processing by 10 times to support rapid launches after community takeovers. This mechanism aims to provide more incentives for content creators and the community without harming the trading experience.
10. The BRC20 protocol announced the completion of a major upgrade 'BRC2.0', which has integrated EVM link
The BRC20 protocol announced the completion of a major upgrade 'BRC2.0', which has integrated the Ethereum Virtual Machine (EVM). This upgrade was executed jointly by Ordinals developers Best in Slot and BRC20 founder Domo, aiming to provide users with Ethereum-like composability and programmability experiences, secured by the Bitcoin network. The upgrade was activated at Bitcoin block height 912,690.
