Solana Accelerates, Dogecoin Expands, Sky Reports 49.7% Revenue Growth

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Solana’s protocol update reduced block confirmation time to 150 milliseconds from 12.8 seconds under the Alpenglow consensus. Dogecoin’s ecosystem growth accelerated with the launch of Dogecoin Labs, supported by the foundation. Sky, formerly MakerDAO, reported $30.8 million in gross revenue for September, a 49.7% year-over-year increase.

This article summarizes, in minimal text, the key developments over the past week for the top-ranked cryptocurrency projects by market capitalization, focusing on new product launches, unusual data in existing operations, core management changes, funding rounds, and unconventional token burns, with projects ordered by market cap.

Solana

[Technical Roadmap]: Launch mainnet on the Alpenglow consensus protocol, reducing confirmation time from 12.8 seconds to 150 milliseconds.

Dogecoin

Dogecoin Labs, supported by the Dogecoin Foundation, has been established with Jordan Jefferson, founder of DogeOS, as CEO. Dogecoin Labs integrates MyDoge, DogeOS, and Such App to expand the utility of Dogecoin.

NEAR

Token Economy: The House of Stake proposal reduces the inflation rate from 2.5% to 1.6% over 24 months—currently under voting.

Canton

Tokenomics: CIP-0129 has been approved; all syncer traffic fees will be paid and burned using CC, with implementation planned for Q1 2027.


Note: Previously, only the global synchronizer collected and burned CC fees; enterprise-built dedicated synchronizers did not burn CC but paid a licensing fee to Digital Asset (Canton’s developer). After approval, dedicated synchronizers will also burn CC at the same rate as the global synchronizer. CC issuance remains unchanged.

Aave

Tokenomics: Aave founder Stani stated during the Q3 livestream that Aavenomics 3.0 will include AAVE buybacks, staking, and burning.


Note: AAVE buybacks have been paused since the rsETH event in April.

Worldcoin

[Partnership]: World ID for Zoom is now officially live, enabling verification that participants in meetings are real people. Four institutions—including Bain Capital and VanEck—are design partners and will place Orbs in their offices for employee authentication.

Sky

[Business Data]: The foundation released its September monthly report, showing monthly gross revenue of $30.8 million, up +49.7% year-over-year; repurchase and staker distribution income amounted to $5.08 million, compared to $2.48 million in August; stablecoin supply stood at $9.7 billion.


Note: Sky is the former MakerDAO. Starting August 13, it allocates a portion of its net surplus each month to repurchase SKY and distribute USDS to stakers; September was the first full month under this new rule.

Morpho

[Partnership]: Robinhood stock tokens can be used as collateral to borrow USDG, available only to non-U.S. users.

ether.fi

[Funding & Acquisition]: Acquired the self-custody wallet Zeal; amount undisclosed.

Aerodrome

[Funding and Acquisition]: Aerodrome and Velodrome have officially completed their merger, launching the unified on-chain spot trading platform Aero.

Derive

[New Product]: Derive V3 is now live.

Starknet

[Technical Roadmap]: A Snapshot vote on "transitioning from Ethereum L2 to an independent quantum-resistant L1" passed with 93.5% approval; the vote authorizes research only, not migration. StarkWare plans to release a draft whitepaper in November.

Pendle

[New Product]: PendleLoop is live, offering leveraged long positions on seven Coinbase tokenized stocks on Base, available to non-U.S. users.

Collector Crypt

Business Data: Daily total revenue reached $24.3 million, a record high.

Monad

[Partnership]: Pump.fun has integrated with Monad, allowing users to purchase tokens on Monad directly using in-app USDC without cross-chain transfers.

Kamino

[Business Data]: The official reported that deposits in the AUTO market for fixed-rate lending have exceeded $170 million, approximately eight times the amount from a month ago.


Note: Kamino's fixed-rate lending launches on September 21.

Due to space limitations, this article provides only informational pointers and cannot fully present the background, conditions, and risks of each development. For detailed information, please refer to the original announcement. This is not investment advice.
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