unfolded. DeFi

ENS Labs introduces own ‘L2-agnostic’ rollup Namechain, aiming for launch by end of 2025 — link | tl;dr

Alameda Research sues Waves founder to claw back $90 million — link | tl;dr

new Ξ daily high: $3,060

North America lost its lead in crypto developer share to Asia.

North America’s share of devs dropped sharply —from 44% in 2015 to just 24% in 2024.

Meanwhile, Asia’s share climbed from 13% to 32% — link

Polymarket said to tease token launch, stating 'we predict future drops' — link | tl;dr

Layer 1 blockchain developer Pharos raises $8 million in seed funding — link | tl;dr

Binance Labs makes first foray into DeSci sector with investment in BIO Protocol — link | tl;dr

Jito Labs earned $78.92M in fees in October, doubling its May record of $39.45M and surpassing Lido and Uniswap. Powered by MEV tools and JitoSOL, demand surged with high Solana transaction volumes, especially in memecoins - signaling MEV’s rising role in DeFi revenue — link

Ethereum Foundation reports crypto holdings of $788M, tightens conflict of interest policy for staff members — link | tl;dr

Coinbase launches cbBTC, a Bitcoin-backed token on the Solana blockchain, aiming to a DeFi surge — link | tl;dr

Just four entities account for 80% of all the votes to keep MakerDAO's rebranding to "Sky" — link | tl;dr

Crypto firm WonderFi's CEO kidnapped then released after paying $1 million ransom — link | tl;dr

Crypto-AI startup Pond raises $7.5 million in seed funding — link | tl;dr

Solana’s DeFi TVL grew by 26% QoQ to $5.7 billion, ranking it third among networks, surpassing Tron in late September.

Kamino took the lead in TVL on Solana with a 57% growth rate QoQ, ending with $1.5 billion and a 26% market share. This growth can be attributed to PYUSD and jupSOL being added to the platform — link

VC darling Eclipse finally debuts its Solana-Ethereum blockchain hybrid — link | tl;dr

PayPal-backed Magic Labs and Polygon launch a new cross-chain network aiming to bust 'blockchain silos' — link | tl;dr

Wintermute proposes fee switch for Ethena’s sENA holders — link | tl;dr

Avalanche Foundation buys back $52 million worth of AVAX tokens from Do Kwon's defunct 'Luna Foundation Guard' — link | tl;dr

Anchorage Digital, Bullish, Galaxy Digital, Kraken, Nuvei, Paxos and Robinhood partner to introduce Global Dollar Network — link | tl;dr