Those who don’t follow the trends are not in our cool guys club! There is nothing better than to refresh your memory of the past week and pay attention to the main news in the world of blockchain and Web3.
Stay updated with the latest trends, developments, and events shaping the blockchain and cryptocurrency industry together with Evercode Lab’s team! On the agenda of our club: new fund for meme coins on Solana, PancakeSwap swaps for different companies, and the Sei network notes.
But first, visit our website and learn more about how we can help you with the development and launch of your own blockchain product with our white-label solutions! Fast, easy, and with support on every step!
Pump.fun Revives Meme Coin Sector on Solana
Starting with the news about meme coins. This week, Pump.fun has launched a dedicated fund to support meme coin projects on the Solana blockchain.
The new structure will “inject significant liquidity” into selected tokens to support “the most dedicated communities.” GFF has already funded several unnamed projects and is planning further investments.
The exact selection criteria and sources of capital have not yet been disclosed.
According to official statements, this move aims to stimulate the meme coin ecosystem and solidify Solana’s position as a leader in the sector.
Credix Team Disappears After $4.5M Hack
Let’s pay attention to some of the less positive news. In a shocking turn of events, the CrediХ team reportedly vanished following a $4.5 million exploit.
For the context: on August 4, the CrediX platform was attacked by hackers. The attacker gained control of the project’s wallet, created unsecured tokens, and withdrew funds from the liquidity pools.
This incident highlights the persistent security vulnerabilities in DeFi platforms and the importance of third-party audits, community trust, and robust infrastructure for white label crypto solutions. You can find more information about the importance of the security of any Web3 platform and possible security risks in our article.
PancakeSwap Introduces Perpetual Swaps for Apple, Tesla, and Amazon
This week also pleased us with the news about new collaborations between the crypto sector and leading companies in the tech market. PancakeSwap, one of the largest decentralized exchanges, has rolled out perpetual swaps based on major tech stocks like Apple, Tesla, and Amazon.
In the core, contracts on AAPL, AMZN, and TSLA allow users to track stock quotes in traditional markets, but their trading is limited to regular stock exchange sessions. However, crypto and forex pairs such as BTCUSD, ETHUSD, BNBUSD, EURUSD, and GBPUSD can be traded around the clock.
Perpetual swaps on PancakeSwap allow traders to speculate on stock prices with leverage up to 25x. At the same time, users retain full control over assets.
In the coming months, DEX plans to expand the list of available tools.
MetaMask Integrates Parallelized L1 Network Sei
Last, but not least in our digest. One of the biggest Web3 wallets, MetaMask, has announced integration with the Sei Network, a high-performance Layer 1 blockchain optimized for parallel transaction execution.
Integration involves native integration of applications, crypto assets, and NFTs in a first-level network. Users can exchange, buy Sei, and perform cross-chain operations directly in the wallet.
A separate page dedicated to the developing ecosystem has appeared in the MetaMask Portfolio. It displays decentralized applications and online activity.
As we see, the Sei integration aligns with the industry’s push toward more efficient blockchain infrastructures.
Final Thought
To sum it up, from Solana’s meme coin resurgence to DeFi’s expansion into stock-based perpetual swaps, and from critical security breaches to performance-focused network integrations, the Web3 space continues to evolve every day, every hour.
The crypto market is not the only one that can undergo transformation. Your product can also transform, especially with the assistance of Evercode Lab! If you want to explore the new frontiers of your service and discover the full potential of the crypto market and Web3 solutions, please contact our team today!