A week of hot project dynamics: Sophon will migrate to Base, Berachain to discard hard-drive BGT, Syrnthetix to give up sUSD, etc. (0621-0627)

Polymarket pUSD Total exceeded $500 million, 0.06% Address held 55.34% balancelink

According to @defioasis, the total amount of Polymarket pUSD has exceeded $500 billion and the total number of holders has exceeded 1 million, of which 567 have more than 100,000 pUSDs, or 0.06 per cent, with 55.34 per cent of pUSD balances; 2.76 per cent with more than 1,000 pUSD addresses, with a total of 90.34 per cent of pUSD balances; and 51.96 per cent with less than 10 pUSDs, with only 0.19 per cent of pUSD balances. PUSD represents the cash flow balance of Polymarket users, which, despite the existence of a portion of the user ' s funds in total position, still reflects the extreme differences projected in the market between rich and poor。

2. Sophie announces the closure of Layer 2 and relocates to Base to focus on consumer-level applicationslink

The $6.0 million ZK drive L2 project Sophon announced that it would close its own block chain and transform its SOPH identity into a Base-based consumer product studio. According to Sophie, the age of encryption infrastructure is over, with its own chain consuming millions of dollars per year in maintenance costs but failing to create sufficient value, which will shift to the application layer in the future. Its first product, Pyre, is scheduled to go online at the beginning of July and be located in the “Entertainment Finance” day-to-day payment applications, where users can operate consumption, savings, transfers and earnings, and enter interactive games around each transaction。

Berachain will exit the historical stage on July 8thlink

The Berachain Foundation announced that PoL Next would go online from 7 to 8 July, the most important upgrade since its main web line, and would rewrite the core incentive layer through hard-drives. As a result of this upgrade, the governance token BGT in the former Proof-of-Liquidity model of Berachain will be abandoned, the model of BGT Boost and the distribution of emissions to the vault through the Boost mechanism will be discontinued; BERA will become the main economic unit, and SWBRA will be the new value accumulation layer. Meanwhile, BGT LST Reward Vaults will phase out the incentive system. The new emission router mechanism, ERAs, will require the project to demonstrate the income and utility of the real chain, rather than relying on Boost to vote for emissions。

Ink entered into multi-year agreements with Optimism to upgrade to OP Enterprise full hosting servicelink

The Kraken hatched Ether Layer 2 Network Ink will upgrade to the OP Enterprise full hosting service in Optimism on a multi-year agreement. Optimism will operate the Ink production infrastructure, and Ink Foundation will focus on eco-growth and new financial products. Optimism indicates that this is one of the early cases of the main Layer 2 entrusting infrastructure operations to hosting service providers. Ink will also be a design partner for OP Enterprise, with a road map that includes programmable block construction, a day-to-day withdrawal to the Etherport, a sorter compliance tool, and guaranteed throughput and a minimum of 100 milliseconds per second by the end of 2026。

5. Agenic Commerce is in its infancy, with a trading volume of approximately 500,000 transactions per day x 402link

According to Artemis data, in June the average daily transaction volume increased by about fivefold, to about 500,000; the average single transaction amount fell to about US$ 0.15, when the number of transactions rose but the total volume remained essentially unchanged. The increase in transactions came mainly from Block Run, which has contributed about 7 million transactions over the past 30 days, accounting for most of the total volume of transactions of about 10 million. The most demanding scenario at present is the AI reasoning of sub-paying, which is to reduce call costs through multi-model routes and user fees。

6. MIM dropped to about $ 0.53 and Abracadabra initiated emergency response to breakdownlink

The MIM (Magic Internet Money) issued by Abracadabra Money has recently continued to break anchor at a price of about US$ 0.53 and a drop of about 33 per cent in 24 hours. The project team indicated that full attention had been paid to the MIM de-locating situation and emergency response had been initiated. The team will immediately gradually increase the interest rate on borrowing in all Cauldron markets (including abandoned markets) to encourage borrowers to repay their debts and reduce MIM liquidity. The project participants noted that the current de-locating state would create a natural incentive for borrowers to buy MIM into debt service at a discount, thereby accelerating supply contractions and facilitating MIM to restore anchoring. At the same time, the team decided to suspend direct incentives and Curve bibes until the MIM anchor was restored and indicated that other recovery measures were being assessed。

7. Lido revokes the official accreditation status of the 9 network wstETH bridge terminalslink

According to Lido, according to the results of the voting in Lido DAO Snapshot, Lido has withdrawn the official accreditation status of the zkSync Era, Mode, Scroll, Mantle, Swell, Zircuit, Soneium, Polygon PoS and Lisk on nine networks. Lido states that the decision is a resource adjustment at the governance level and does not prohibit the use of the bridge contracts, do not invalidate the tokens, and does not prevent users from continuing to hold, transfer or return the wstETH bridge to the Ether. Follow-up, Lido will stop active surveillance, market support and ecological development of the above-mentioned network。

8. Tornado Cash DAO appearance of a suspected malicious proposal or threat of $23 million TORNlink

According to the L2BEAT research team, there is a suspected malicious proposal by Tornado Cash DAO. The target contract for the proposal had not been validated, and the reverse translation revealed its logic; the founder of the proposal had received funding four days earlier through Railway. If the proposal is adopted and implemented, the governance contract will commission a call for one of the functions of the target contract, which may constitute an attack on Tornado Cash DAO, which currently holds $23 million worth of TORN, but does not affect the Tornado Cash pool。

9. Bitgo reduced staff by nearly 15 per cent, with a shift in business focus towards stabilization currency and AI infrastructurelink

Bitgo CEO Mike Belshe stated that the company would be cut by nearly 15 per cent. He argued that, as ecological and financial services were being built, Bitgo needed to focus more on core areas such as security, trade, currency stabilization, settlements and AI-driven infrastructure. The affected staff members were notified directly by management and HR; Belshe indicated that the reduction was a one-time exercise and that no further reductions were currently expected。

Synthetix to give up sUSD, and the deconcentrated stabilizer will be replaced by the face value of the locklink

The Syrnthetix Governance proposes SIP-423, which plans to completely retire from service, sUSD, freeze and discard its contracts, and compensate the holder at the rate of 4 SNX per 1 sUSD. The program was initiated by the founder of Syrnthetix, Kaiin Warwick, and the core contributor, Benjamin Celermajer, that SNX will be locked for one year on a regular basis and will be unlocked linearly for the following year. SUSD is currently severely de-conveyed at about US$ 0.25, well below the target price of US$ 1。