Pump.fun lost first place in the Solana Memecoin Launchpad ranking for the first time since its release, referring to a change in the same sector.
As Cointelegraph previously reported it, a new launch of the same called LetsBonk Flipped Pump. Fun in the income of the daily protocol, according to Defillama. Although the global network activity shows a potential reshuffle instead of an expansion, certain measures indicate that Solana can be increasing, with a potential expansion of the same activity.
In addition, decentralized finance (DEFI) and traditional finance (tradfi) can converge earlier than people think. Nelli Zaltsman, responsible for the innovation of blockchain payments at Kinexys de JPMorgan, said it could happen in the coming years.
The active active active platform (RWA) Platform (RWA) offers an exhibition to blockchain technological projects supported by the government, while the NFT Opensea platform is developing in Defi and Perpetual after a major acquisition.
Meanwhile, security researchers have threw a stolen door from $ 10 million that threatened thousands of smart contracts for months.
LetsBonk returns pumping in 24 hours of income: Defillama
A new LaunchPad same has gained ground in the Solana ecosystem, eclipstating the highest platform in 24-hour sales.
On July 7, Defi Data Platform Defillama showed that LetsBonk, a Solana Memecoin platform supported by the Bonk community (Bonk), generated $ 1.04 million in income. This record doubled the turnover of $ 533,412 for the same period.
The overvoltage has marked a rare gap in dominance in the same Solana, where the pump. Fun is generally above. Even if LetsBonk has shown an increase in daily income, Pump.fun remained dominant in the monthly graph, recording more than $ 37 million in protocol income.
The launch of LetsBonk also apparently affected the Bonk Memecoin, as the token recorded an increase of more than 52% of the value since the release of the same Launchpad. Bonk is one of the best Solana Memecoins, with more than 430,000 subscribers on X. The token has a market capitalization of almost $ 1.8 billion, making it the 68th largest token in cryptographic space.
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Defi, tradfi convergence could arrive earlier than expected: JPMorgan
A JPMorgan leader said that the gap between Tradfi and Defi could disappear in the coming years.
At the RWA Cannes 2025 summit, Nelli Zaltsman said JPMorgan wanted to merge ONCHAIN’s assets with institutional quality payment infrastructure. This signals a potential tilting point for the adoption of mass blockchain.
The executive said their goal was to find a way to work with public blockchain, as the regulatory environment allows. Zaltsman described JPMorgan’s approach as “asset agnostic”, referring to the company aims to provide multi -hole access to customers.
The executive also said that the limits separating Tradfi and Defi could dissolve more quickly than expected. This is motivated by the will of the two industries to collaborate.
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Projective finance opens $ 7 million in Onchain loan for Illinois solar projects
A sustainable RWA financing platform launched a 7 million dollars loan pool for Illinois public schools.
The platform, projective finance, gives investors of investors to municipal infrastructure in the United States. The loan basin will finance solar energy installations in Illinois. The company said that infrastructure loans will be fully executed.
Using blockchain technology, the project allows access to investments without traditionally necessary intermediaries. The co-founder of projective finance Josh Chinnaswamy said that with blockchain, investments can be made with total transparency.
The company allows investors to participate in projects supported by the government, which generally have high credit ratings and lower risk. This includes government initiatives focused on renewable energies. However, the platform does not provide investors with exposure to cryptographic assets.
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OPENSEA develops in Mobile with Rally Deal, Eyes “Onchain Everything App”
The non-budgetary tokens platform (NFT) OPENSEA continues to extend beyond digital collectibles, acquiring a mobile company and focused on chips called Rally.
The acquisition presents OpenSsea’s intention to go beyond NFTS and develop a mobile platform for crypto trading. The platform said that the future of the NFT and the token trade “fits into your pocket”. Meanwhile, Rally posted on X that users can expect a new mobile experience later in 2025.
The co-founders of Rally Chris Maddern and Christine Hall will be part of the leadership of Opensea, providing their commercial token expertise on the platform.
In an X Post, Maddern, who will also be the new director of OpenSsea technology, said the team worked on a product to develop onchain’s economy for creators and merchants.
https://www.youtube.com/watch?v=gpwmrogcvlc
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Researchers thwart a stolen door disgust $ 10 million in thousands of smart contracts
A group of Crypto security researchers has discovered and rescued thousands of intelligent contracts affected by a DEFI stolen door, preventing potential losses of more than $ 10 million in crypto.
Thursday, the pseudonym researcher of the Venn network, Deeberoz, shared that a stolen door feat discreetly threatened the industry for months. The attack has exploited the non-initialized ERC-1967 proxy contracts, which allow malicious actors to divert contracts before being installed correctly.
The co-founder and president or Dadosh of Venn Network told Cintelegraph that the striker of contractual deployments on the front-round and injected malware. “In the simplest terms, the attacker has exploited certain deployments which allowed them to put a well hidden back door in thousands of contracts,” Dadosh told Cointelegraph.
Dadosh said the attacker could have targeted vulnerable contracts at any time. However, since the team discovered vulnerability on Tuesday, he worked with other security researchers to assess assigned contracts and secure vulnerable assets.
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Presentation of the DEFI market
According to Cointelegraph Markets Pro and TradingView data, most of the 100 largest cryptocurrencies by market capitalization ended the week in green.
A token called even SameCore (M) was the largest winner of last week, increasing by 1,058%, followed by Hyperlan (Hyper), which recorded more than 400% of earnings this week.
Thank you for reading our summary of the most impactful DEFI developments this week. Join us next Friday for more stories, information and education concerning this dynamically advanced space.
