Weekly Ecosystem Updates (November 17th - November 23rd)

Aztec Network, launches privacy-focused L2 Network: Ignition Chain: Link

Aztec Network has launched its Ignition Chain, positioning it as the first fully decentralized Layer 2 network on Ethereum designed for programmable privacy using zero-knowledge proofs. The chain is secured by a decentralized network of Sequencers who must stake the native $AZTEC token (200,000 $AZTEC required per validator) to participate in block production and earn substantial block rewards (currently advertised at $151\%$ APY), helping to fully decentralize the network and govern its future.

Vitalik Buterin's Support for ZKsync: Driving Ethereum's Layer 2 Leadership and Unlocking Strong Investment Potential: Link

Vitalik Buterin endorses ZKsync's Atlas upgrade, signaling Ethereum's strategic shift to ZK-based scaling solutions. - Atlas enables 15,000 TPS with 1-second finality, unifying Ethereum's Layer 1 and Layer 2 liquidity through ZK proofs. - ZK token surged 50% post-endorsement as institutional adoption grows, driven by deflationary tokenomics and enterprise-grade scalability. - Upcoming Fusaka upgrade aims to double throughput to 30,000 TPS, solidifying ZKsync's competitive edge in Ethereum's Layer 2 ecosystem.

BNB Hack Abu Dhabi kicks off: Link

Join up for four intensive online deep-dive days from November 24–27 to refine your idea, followed by an in-person build sprint on December 5–6, with $160K in total prizes up for grabs.

Sign launched Sovereign Layer 2 Stack on BNB Chain : Link

Building on BNB Chain, Sign aims to transform this Layer 2 into the premier settlement layer for global stablecoins and national blockchain infrastructure.

USYC x BNB Chain: Link

USYC is a tokenized money market fund on BNB Chain that delivers real daily yield through token price appreciation and enables instant on-chain redemptions to/from USDC. Now live with over $900M in assets, USYC brings institutional-grade yield and seamless liquidity to Web3 builders.

Aster will launch “machi mode”: Link

A tribute to Machi Big Brother, users will get liquidation points for getting rekt.

Fidelity, Vaneck, Canary Capital and 21shares launched Solana ETFs: Link 

This marks one of the strongest waves of institutional expansion into Solana to date. The simultaneous rollout makes SOL more accessible to traditional investors and further solidifies Solana’s position among institutionally favored assets.

The $SOL ETFs recorded a $127.9M net inflow this week: Link

The strong inflow reflects renewed confidence from market participants. It also ranks among the largest weekly net inflows since Solana ETFs were introduced.

Sunrise to debut Solana’s first-ever day-one listing with MON as part of its listing program with Monad: Link 

This “day-one listing” model represents Sunrise’s push to modernize token launches and improve liquidity for new assets on Solana. The inclusion of MON highlights the growing interest in emerging ecosystem tokens and positions Sunrise as a key launch venue on-chain.

Coinbase doubled down on Solana with VECTOR: Link

VECTOR underscores Coinbase’s deeper commitment to Solana-focused infrastructure and tooling. The move strengthens Solana’s role within Coinbase’s broader multi-chain strategy.

Solana’s new inflation reduction proposal SIMD-0411 is now live on Github: Link

SIMD-0411 aims to refine Solana’s inflation design to support long-term sustainability and token value. It has quickly become a major discussion topic within the community this week.

Solomon labs ICO on MetaDAO reached $102M+ committed: Link

This makes it one of the largest fundraising events in the Solana ecosystem in recent months. The significant demand signals strong market enthusiasm for AI-driven and infrastructure-focused projects.

BOB’s TGE: Link

BOB , the hybrid Bitcoin-Ethereum Layer 2, held its TGE on November 20, 2025, following a $4.2M community sale, the token launched on major exchanges like Binance and Coinbase.

CORE DAO & Maple Finance Dispute: Link

In 2025, Core DAO partnered with Maple Finance to launch lstBTC. The partnership collapsed when Core accused Maple of stealing confidential data to secretly build a rival product (syrupBTC), violating a 24-month exclusivity clause. Maple denies wrongdoing and says the dispute is isolated with no risk to its operations.

Flashnet’s update on recent incident: Link

A quick update on the Spark incident and the path to reopening.

Solv is now officially live on Solana: Link
Solv Protocol, the leading on-chain Bitcoin reserve with over $2B in TVL, has officially launched on Solana, bringing its yield-bearing BTC products to the high-speed chain via partnerships with Jupiter Exchange and Chainlink CCIP.

 Coinbase announced System Update on December 17, and Base will be there: Link

This upcoming update signals deeper integration of Base into Coinbase’s core infrastructure. It highlights Coinbase’s commitment to scaling Base and improving the network’s performance and reliability.

Jessepollak announced a new stablecoin from Ripio App from the main stage: Link

The announcement showcases growing stablecoin experimentation and adoption within the Base ecosystem. Ripio’s expansion onto Base strengthens its foothold in global payments and LATAM-focused crypto infrastructure.

Base Batches 002 has wrapped and Upshot is Winners : Link

The completion of Batches 002 highlights continued momentum across Base-native builders. Upshot’s win underscores strong interest in data, AI, and valuation primitives being built on-chain.

Paragraph introduced writer coins: Link

This new feature allows creators to launch their own tokens directly on Base, reshaping how writers monetize and build communities. It signals a broader shift toward creator-owned economies powered by on-chain primitives.

Hyperliquid Unleashes 90% Fee Cuts with HIP-3 Growth Mode: Link

Hyperliquid introduces "Growth Mode" for HIP-3 market deployers, slashing fees by 90% to accelerate adoption of novel markets. This stacks with existing perks like stablecoin collateral benefits and staking discounts. TradeXYZ has already activated it, dropping taker fees to just 0.009% for their perpetual assets, fueling ecosystem expansion on this high-performance blockchain.

Phantom Wallet Now Supports HyperEVM Token Trading: Link

Phantom announces seamless support for HyperEVM tokens, enabling users to swap between HyperEVM assets, bridge from Solana, Ethereum, Base, and Sui to HyperEVM, and send/receive tokens effortlessly. 

Harmonix Public Sale Launch Announcement: Link

Harmonix Finance kicks off its public sale powered by Sonar from Echo, granting protocol ownership stakes in this innovative finance venue. Aimed at pioneers entering next-gen DeFi, the sale launches in 7 days with registration open now. Expect high demand for positions in this Hyperliquid-aligned project.

Native Markets Upgrades USDH to Aligned Quote Asset: Link

Native Markets elevates $USDH to Aligned Quote Asset status, unlocking perks for USDH-quoted trades: 20% lower taker fees, 50% higher maker rebates, and 20% boosted volume toward fee tiers. A retroactive Assistance Fund contribution ensures fair play from day one, enhancing liquidity and growth for Hyperliquid's native stablecoin ecosystem.

Monad Mainnet Goes Live: Link

The wait is over -Monad's high-performance Layer 1 mainnet is now operational, delivering parallel execution on the EVM with 10,000 TPS for faster, scalable blockchain apps. Dive in via the app at app.monad.xyz, join the ecosystem forum for governance, and check eligibility for $MON allocations to shape the future.