Important shifts and milestones in the entire crypto ecosystem
In the first week of July there was remarkable progress in crypto infrastructure, administration and trade.
According to the WU Blockchain, important ecosystems such as Ethereum, Polygon and Hyperliquid presented new initiatives, while DAO-Governance and real investment strategies focused on. Below you will find complete breakdown of the most important developments of this week.
Ethereum Community Foundation starts to support the non-tokened infrastructure
Ethereum-Kern developer Zak Cole announced the establishment of the Ethereum Community Foundation (ECF), the aim of which is to finance “tokenless” public goods and real-world-asset initiatives. The foundation will give projects such as the tokenization of shares and real estate on the chain and the improvement of the core infrastructure – such as correction of inefficiencies in the pricing of Blobspace – priority in order to strengthen the long -term value of ETH.
Wlfi token could soon be traded because World Liberty Financial coordinates the proposal
The World Liberty Financial Community, a project connected to the Trump family, has submitted a proposal to make its $ Wlfi token publicly tradable. If the application is accepted, the tokens of the first supporters would be released, while the allocations for the core team and the consultants remain closed. The community also coordinates future token distribution and incentive models.
Polygon and GSR present Katana to a curated Defi Layer-2 on Ethereum
Polygon Labs and the crypto trade company GSR have introduced Katana together, an Ethereum Layer-2 Blockchain that focuses on sustainable defi returns. Katana uses a centralized application selection procedure and the Vaultbridge protocol to redirect the assets of users into morpho credit pools, with the aim of reducing inflation risks and at the same time offering risk-low income.
Soniccs 2.0 doubles the speed of consensus and lowers the memory requirement by 68%.
Sonic Research has released Soniccs 2.0, an extensive consensus upgrade with a DAG framework and Simd parallelization. The upgrade has doubled the speed over 200 mainnet epochs and reduced the memory requirement by 68 %. The team plans the integration into the client software and the publication of a detailed technical documentation.
Hyperliquid exceeds $ 1.5 trillions of trade volume
With a trading volume of $ 1,571 trillions last year, the Decentralized Hyperliquid Stock Exchange achieved an important milestone. The protocol generated $ 56 million in June alone and thus increased its overall cumulative turnover to $ 310 million-and thus exceeded the volume of all other on-chain platforms for trade in perpetual futures.
Ondo and Pantera create $ 250 million funds for RWA tokenization
Ondo Finance and Pantera Capital announced a joint $ 250 million funds called Catalyst to support the tokenization of Real-World Assets (RWA). The fund will invest both in equity as well as in tokens and prefer projects that enable automated on-chain rebalancing and expand the institutional blockchain infrastructure for tokenized financial systems.
Jupiter's Core Working Group dissolves and returns $ 4.5 million to the state treasury
The Core Working Group (CWG) of the Jupiter Dao has formally dissolved after it had fulfilled its original mandate. The team has returned $ 4.5 million JUP tokens to the DAO treasury. Some members, including Morten, will join the Jupiter team, while others will contribute individually to the restructuring of DAO 2.0.
Pancakeswap V3 liquidity pools now live on Solana
Pancakeswap has officially provided its V3 liquidity pools on the Solana-Minnet and supports assets such as Bonk, Pyusd and EURC. In June, the DEX recorded a record volume of $ 325 billion and in the second quarter of 2025 from $ 529 billion with fee parts of up to 84% for LPS and transaction fees of only 0.01%, which increases the total volume to over $ 1.8 trillions.
Lido says goodbye to Dual Governance proposal for the authorization of Steth owners
Lido Dao approved a dual governance mechanism that grants owners of Steth a veto right to decisions from LDO owners. The system includes limited delays and a critical “Angry Exit” clause, which stops suggestions when 10 % of the total value are blocked. The mechanism introduced on July 4 was supported by Ethereum co-founder Vitalik Buterin.
Sky's execution vote enables SPK mining and upgrade rollout
Sky announced the approval of a new execution vote that enables SPK mining for Sky-Stakers and USDS suppliers and at the same time drives the MKR-to-sky upgrade. The changes will come into force from June 30th. A complete introduction and official announcement will be expected shortly.
Conclusion
From Ethereum financing without tokens to the dominance of hyperliquid in retail to new governance models at Lido and Sky-this week the continuous development of the crypto industry reflected. As emphasized by WU Blockchain, these initiatives indicate a growing institutional interest, the maturity of Defi and a deeper integration of real assets into on-chain systems. The second half of 2025 is already crucial for the next phase of acceptance and innovation.
