#CryptoFees101 Latest updates in the DeFi space 👇

• Vitalik Buterin stated that Ethereum Layer 1 could scale up to 10 times in the next year.

• AAVE launched Umbrella – a major upgrade allowing for staking yield-generating tokens to earn additional rewards.

• Ethereum Foundation announced it will reduce the amount of ETH sold and enhance interaction with DeFi.

• GMX announced GMX Express – an upgrade supporting 1-click trading and gas payments in USDC, deployed on Arbitrum L2 and Avalanche.

• DeFi App will launch the HOME token on June 10th. This is a decentralized SuperApp that brings a CEX-like experience on-chain.

• Mezo, a Bitcoin-native DeFi layer, has launched mainnet, enabling yield generation and stablecoin borrowing using BTC as collateral.

• SOL Strategies, a company modeled after Michael Saylor, announced plans to raise $1 billion to purchase SOL.

• Soul Protocol, an omnichain liquidity layer, successfully raised ~6 million USD.

• InfiniFi – the first on-chain fractional reserve system – has officially gone live, allowing higher yields on stablecoins when locking assets.

• Resolv expands to HyperEVM L1 of Hyperliquid.

• Ethena launched a savings account for USDe on the TON (Telegram) blockchain, offering yields up to 18% APY on stablecoins.

• Solv Protocol officially launched on Solana.

• Solana introduced the Solana App Kit – a toolkit for building mobile apps on Solana in just ~15 minutes.

• Sonic announced that the upcoming airdrop will be distributed at a ratio of 25% liquidity - 75% vesting.

• Pump.fun plans to sell tokens worth 1 billion USD, valuing the project at 4 billion USD.

• Drift Protocol has taken a snapshot for the FUEL points program preparing for an airdrop.