Aave Goes for the Masses!
DeFi lending protocol Aave has unveiled a new savings app that claims to offer high-yield options for retail depositors.
According to the new Aave App site, users can earn anywhere from 5 to 9% on deposits, with earned interest reflected in real-time.
Users can choose to deposit funds from banks and debit cards, as well as selected stablecoins such as USDT, USDC and GHO.
Additionally, user deposits of up to $1M per account will be protected by insurance, provided through a regulated subsidiary of Aave Labs.
The protection on in-app deposits acts as a secondary safety net, on top of Aave’s existing Umbrella system, as explained by Aave-chan Initiative founder Marc Zeller.
Early access to the Aave app is now available on iOS devices, while Android users will have to wait a little longer.
Growth Acceleration
The Hyperliquid DEX has introduced ‘growth mode’ to its recent HIP-3 implementation, allowing users to set up new markets at lower costs.
As per the team’s latest announcement, the new upgrade will allow creators to slash taker fees by over 90%, and can be permissionlessly activated for each asset independently.
Similarly, eligibility for rebates and individual volume tiers will also be reduced by over 90%.
Additionally, the reduction in fees will stack on top of other benefits from HYPE staking and stablecoin collateral, which could result in trading fees as low as 0.00144%.
However, markets with growth mode enabled must remain separate from validator-operated markets such as crypto ETFs and indices.
Market creators will also have to wait 30 days after growth mode is enabled before further changes can be made.
Since the announcement, the price of HYPE has risen slightly by 1.9% from $37.81 to $38.52.
Paxos Goes Omnichain
Stablecoin issuer Paxos Labs has announced the launch of USDG0, the multi-chain version of its existing regulated USDG0 stablecoin.
Built using LayerZero’s OFT standard, USDG0 will be utilized to extend the stablecoin’s reach to new networks without the need for minting new wrapped versions.
According to their announcement, the first wave of USDG0 tokens will be deployed to Hyperliquid, Plume Network and Aptos, serving as avenues for yield generation and deep stablecoin liquidity.
Both Plume and Aptos will also provide assistance in growing USDG through future partnerships and incentives.
The market cap of USDG has grown exponentially throughout 2025 thus far, rising by 37x from $29.9M at the start of the year to $1.13B today.
Decommissioned
The popular dApp analytics platform, DappRadar, has announced its closure after 7 years of operation.
In a recent X post, the team stated that the decision was made due to a financially unstable environment, which made it difficult to continue running the platform.
DappRadar will begin shutting down its blockchain and dApp tracking services in the coming days, while further decisions regarding the DappRadar DAO and native RADAR token will be relayed separately.
Since the announcement, the price of RADAR has plunged by 33.9% from $0.001 to $0.00068.
In Other News
A $20B Kraken. US crypto exchange Kraken has raised $800M, valuing their firm at $20B. Kraken is also reportedly planning a US IPO though official announcements have yet to be made.
Putting Shrek Behind Bars. Kunal Mehta, the eight member of an alleged cybercrime ring, who went by the pseudonym “Shrek” has pleaded guilty to US authorities. Mehta’s group has allegedly stolen more than $263M in crypto.
Polygon x Revolut. ETH sidechain Polygon announced a partnership with EU fintech giant Revolut. The integration would invite Revolut’s 14M+ crypto users to stablecoin payments and POL staking and trading.
Phantom Announces Trading Terminal. Popular Solana crypto wallet app Phantom announced their upcoming new product, a native trading terminal. Trading terminals such as GeckoTerminal are commonly used by crypto traders to track and trade rising/trending tokens.
Illicit Gains. Joseph James O'Connor, a UK man who hacked the X accounts of Obama and Elon Musk in 2020 to promote crypto scams has been court ordered to pay back the illicit crypto gains which has since grown from $794K to $5.4M.
CBOE Joins the Crypto Perp Markets. Cboe Global Markets unveiled “continuous futures” for Bitcoin and Ethereum, describing them as tools familiar with crypto traders. CBOE is the largest options exchange in the US and this move signifies increased tradFi adoption of crypto.
Vitalik Buterin Unveils Privacy Framework for Ethereum. Ethereum co-founder Vitalik Buterin announced Kohaku, a suite of privacy-preserving crypto tools for the Ethereum ecosystem. Privacy has been a recent trending topic in crypto, aided by the recent price surge of ZEC, an unrelated privacy-focused crypto token.
Saylor’s Biggest Buys. Michael Saylor’s Bitcoin treasury firm Strategy bought another $835.6M worth of Bitcoin this week, bringing his average buy in prices to $74K. This news denies the recent rumors that his firm was selling BTC.
MON’s Luke Warm Market Response. Coinbase’s public offering of Monad’s upcoming MON token began yesterday raising about $43M in the first hour before interest waned. Over 50% of the supply remained available which contrasted MegaETH’s recently concluded ICO which was more than 20x oversubscribed.
The BASE Airdrop?! Coinbase’s official X account tweeted “updated our bio” which now states “17 December” with no further information. The post sparked heavy speculations that this is the highly anticipated BASE L2 token airdrop/ICO.
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