DeFi
Latest news, analysis, and updates on DeFi from A47 News.
16 stories in Crypto · Updated live
Glamsterdam upgrade activates 200 million gas limit on Ethereum's Sepolia testnet
The Glamsterdam upgrade was activated on Ethereum's Sepolia testnet on October 6, 2026, raising the block gas limit from approximately 60 million to nearly 200 million. This upgrade is being tested to evaluate scaling improvements ahead of potential mainnet deployment, with early blocks showing successful production but utilization below 50 percent. Long-term, the results of this test could influence Ethereum's capacity and transaction fees, impacting users and applications in the cryptocurrency ecosystem.
Solana Foundation Unveils Open-Source DvP Standard for Instant Token Settlement
On October 6, 2026, the Solana Foundation launched an open-source Delivery-versus-Payment (DvP) program designed for atomic settlement of tokenized assets on its blockchain. This initiative is driven by the need for financial institutions to achieve settlement finality in seconds, addressing inefficiencies in traditional multi-day settlement processes. The long-term implication is a potential shift in institutional trading practices, favoring blockchain solutions that minimize counterparty risk and enhance operational efficiency.
Abstract Ethereum Layer-2 Blockchain to Shut Down by December 2026
Abstract, an Ethereum Layer-2 blockchain, announced it will cease operations on December 15, 2026, due to an unsustainable consumer crypto model. The immediate trigger for this decision is the combination of thin liquidity, limited DeFi ecosystem, and intense competition that has plagued the network despite significant user adoption. In the long term, this shutdown may signal a shift in focus for Igloo Inc. towards more sustainable projects like Pudgy Penguins, potentially reshaping the landscape of consumer-oriented blockchain solutions.
Sui Blockchain Introduces Hashi Protocol for Institutional Bitcoin Lending with $500 Million Backing
Sui blockchain has announced the upcoming launch of its Hashi protocol, designed for institutional Bitcoin lending, with $500 million in commitments from over 20 partners. This initiative is driven by the need to utilize approximately $1 trillion in idle institutional Bitcoin, providing a compliant and secure mechanism for decentralized finance. The long-term implication is a significant shift in how institutional investors can leverage their Bitcoin holdings, potentially transforming the lending landscape in the crypto space.
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Sui Blockchain Introduces Hashi Protocol for Institutional Bitcoin Lending with $500 Million Backing
Sui blockchain has announced the upcoming launch of its Hashi protocol, designed for institutional Bitcoin lending, with $500 million in commitments from over 20 partners. This initiative is driven by the need to utilize approximately $1 trillion in idle institutional Bitcoin, providing a compliant and secure mechanism for decentralized finance. The long-term implication is a significant shift in how institutional investors can leverage their Bitcoin holdings, potentially transforming the lending landscape in the crypto space.
Glamsterdam upgrade activates 200 million gas limit on Ethereum's Sepolia testnet
The Glamsterdam upgrade was activated on Ethereum's Sepolia testnet on October 6, 2026, raising the block gas limit from approximately 60 million to nearly 200 million. This upgrade is being tested to evaluate scaling improvements ahead of potential mainnet deployment, with early blocks showing successful production but utilization below 50 percent. Long-term, the results of this test could influence Ethereum's capacity and transaction fees, impacting users and applications in the cryptocurrency ecosystem.
BitMine to Cease Ether Accumulation After Approaching 5% Supply Target
BitMine announced it will stop purchasing Ether once it reaches a 5% share of Ethereum's circulating supply, with current holdings at approximately 4.9%. This decision comes as the company aims to optimize shareholder value after a sustained accumulation strategy since June 2025. The cessation of purchases may impact market liquidity and alter the dynamics of Ethereum's trading environment moving forward.
Arbitrum DAO Proposes 100 Million ARB for USDG as Core Stablecoin
The Arbitrum DAO is evaluating a governance proposal to allocate 100 million ARB tokens to establish USDG as a core stablecoin within its ecosystem. This initiative follows Arbitrum's recent integration into the Global Dollar Network and the launch of USDG on Arbitrum One, aiming to enhance liquidity and competitive positioning in the DeFi space. If approved, this move could significantly bolster USDG's role in the decentralized finance landscape and drive revenue generation for the Arbitrum ecosystem.