A week of hot project dynamics: Pump fun enabled USDC transaction pairs, Sui introduced free stable currency transfers, BNB Chain released quantum password migration reports, etc. (0517-0523)
1. Solana Q1 application revenue amounted to $342.2 million and RWA market value increased to $2.01 billionlink
The Messari report shows that the total income (Chain GDP) applied in the Solana chain in the first quarter of 2026 was $342.2 million, of which PumpFun ' s income amounted to $124.7 million, still the highest-income application; real economic value (REV) fell by 1 per cent to $89.5 million, after Hyperliquid in all networks. During the same period, Solana DeFi TVL fell by 22 per cent to $6.16 billion, mainly as a result of the 33 per cent fall in SOL prices rather than the loss of users. The market value of RWA on the Solana chain grew by 43 per cent to $2.01 billion, of which BlackRock BuIDL grew to $525.4 million, PRIME to $361.2 million and Oyc to $145.4 million. The report also mentions that Solana plans to introduce the Alpenglow Consensus upgrade in the Agave 4.1 version, replacing the existing PoH, Tower BFT and Gossip voting dissemination mechanisms with Rotor data dissemination mechanisms and Votor-link voting mechanisms, and reducing the final confirmation time for transactions from about 12.8 seconds to 150 ms。
2. Pump fun Enable USDC matchinglink
The Solana token distribution platform Pump fun started USDC matching for new issuances on May 21, without prejudice to the existing SOL matching. Since it went online in January 2024, the Pump fun currency graduation mechanism has estimated that at least 5.07 million SOLs (approximately $430 million) have been locked into the mobility pool, with this adjustment or impact on SOL ecological flows. The fact that most of the transaction costs of Pump fun had previously been denominated in SOL and that the platform had had to convert part of its revenue into a stable currency had given rise to a dispute about “the extraction of value from Solana ecology”. This adjustment is made after Lily Liu, President of the Solana Foundation, said that “memecoin cannot be defined as Solana”。
BNB Chain Release BSC Post Quantum Password Migration Reportlink
BNB Chain published the BSC Post Quantum Password Migration Report, stating that the feasibility of the post Quantum Password Program was validated during the testing. The program replaces the transaction signature with the NIST standard ML-DSA-44 and replaces the consensus vote with pqSTARK, which maintains the existing 20 byte address, RPC, SDK and wallet compatibility. However, the test showed that the size of the signature was increased from 65 bytes to 2,420 bytes, that the size of the block below the 2,000 TPS scene was increased from about 130 KB to about 2 MB, and that the cross-regional TPS decreased by about 40%. BNB Chain states that network and data layer expansion issues resulting from data inflation remain the main challenge for production deployment。
4. Sui block chain rollout free Gas stable currency transfer functionlink
Sui announced the introduction of a no-gas stable currency transfer function on the main network. Officially, this is a new feature at the level of the agreement, allowing users and enterprises to make point-to-point transfers without having to pay Gas fees or holding SUI currency balances, which means that stable currency transfer costs supported on the Sui network are converted to US$ 0. The first stabilization currencies supported by this function include USDsui, SuiUSDe, AUSD, FDUSD, USDB, USDC and USDY, with the support of Fireblocks。
5. L2 Beat: Lighter has achieved an urgent exit without trustlink
L2Beat indicates that all the ZK circuits used by DEX L2 have been regenerated from the source code, thus achieving an unauthorized and urgent exit that really does not need to trust the Lighter team, which means that users can independently produce ZK certificates to prove their status on L2 and complete the withdrawal of funds on L1 through Desert Verifier, even if security is not blocked by a malfunction or malicious act. Previously, Solana joined up to only criticize Lighter as another type of CEX。
6. x402 Real transactions of approximately $50,000 a day, Base provided 93% of transactionslink
Since April, real X402 activity transactions have stabilized at approximately $50,000 per day; Solana ' s x402 sellers are two times the size of Base, but 93 per cent of real X402 transactions are driven by Base; in the last 30 days, Blcokrun and StableEnrich have been the most used x402 services, both of which are tool aggregaters。
7. BENJI became the largest monetized market fund on Etheleumlink
BENJI, under Franklin Templeton, has become the largest monetized money market fund on Etheleum; in the past month, BENJI's market value on the Etheleum chain has increased by 50 per cent to $1.4 billion, surpassing the $1.11 billion market value of BUIDL。
Echo Protocol: Keys re-controlled and 955 eBTCs destroyedlink
Echo Protocol officially states that the eBTC on Monad suffered unauthorized foundries and caused losses of approximately US$ 81.36 million as a result of the leak of the administrator key. The team has now regained control of the administrator key and destroyed the remaining 955 eBTCs in the hands of the attackers. Officially, the incident appears to have been limited to Monad at this time, with no evidence of the break-in of Aptos and risk exposures on Aptos of approximately $71,000. The team has suspended the cross-chain function of Monad deployment and upgraded the related contracts, while alerting users to false refunds, claims and restoration of fishing links such as portals。
Previously, Peck Shield quoted dcfgod as revealing that Echo Protocol was attacked by hackers on Monad. The attackers found about 1,000 eBTCs, valued at approximately $7.67 million, and borrowed about 11.29 WBTCs (approximately $8.68 million) as collateral for 45 eBTCs (approximately $3.45 million) deposited into Curvance using the process. Subsequently, the attackers moved WBTC across the chain to the Taifeng and converted it to ETH, of which approximately 384 ETH (approximately $822 million) had been transferred to Tornado Cash。
9. Zero Network will be phased out and users will be required to transfer assets by 31 Julylink
Zero Network announced that it would close down gradually and concentrate its resources on Zerion API and wallets. Users are required to transfer NFTs, ETHs or other tokens across the chain from Zero Network to the Etherport main network or other chain by 31 July 2026; the trans-chain is immediately disabled, and the trans-chain is open until 31 July, after which the network will be completely shut down and block stopped. The developers behind Zero Network are DeFi and the NFT Portfolio Manager Zerion, who have received funding of over $22 million from Wintermute and Coinbase Ventures。
10. Syndicate Labs, a seed company for chain development, declared business closedlink
in a 16z investment chain, the seed company Syndicate announced that, after five years of construction, Syndicate Labs had decided to close its operations because of a fundamental shift in the Rollup market and a substantial contraction in market size (EVM Rollup is no longer the mainstream standard). The official clarification stated that the decision was not related to the recent attack on the bridge and that the affected customers and all SYND holders on Commons Chain had been paid in full through the Treasury Reserve. Syndicate had previously received over $27 million in financing。
