protocol

According to a post from Odos's official X account, the operating company of the DeFi liquidity aggregation protocol Odos announced the closure of its business. The specific timeline is as follows: Starting from July 23, new account registrations, new wallet creations, and new limit order functions have been disabled, while existing users can still exchange and close positions normally; from July 27 to 30, the application will switch to read-only mode, allowing users to view historical transaction records and balances; on July 30, all Odos services will be permanently shut down.Odos is a non-custodial protocol, and user assets remain on-chain. Users who created wallets by logging in with social accounts or email must complete asset transfers or private key exports before July 30. In addition, the ODOS token exists independently on-chain, and the company's closure does not affect its on-chain mechanism. Odos DAO will announce subsequent plans separately.

According to Onchain Lens monitoring, after the Drift Protocol was attacked for $285 million on Solana in April, the attacker began to transfer funds through Tornado Cash after leaving the funds idle for 3 months.The attacker is quickly depositing ETH into the Tornado Cash Router in batches of 100 ETH, with multiple transfers occurring every minute.

According to Blockaid's monitoring, the Arbitrum ecosystem protocol AFX was attacked at 5:30 AM Beijing time, targeting a cross-chain bridge operated by the protocol. So far, approximately 24.15 million USDC has been stolen. Blockaid stated that it is working with the Arbitrum team to respond to the incident, communicate with the affected protocols, and assist in freezing the stolen funds.In addition, Offchain Labs co-founder Steven Goldfeder responded on the X platform, stating that the Arbitrum team has noted the reports of the cross-chain bridge attack on Arbitrum and is investigating. Goldfeder confirmed that the related transactions originated from a third-party protocol, and the Arbitrum native bridge was not attacked or exploited. The team will coordinate with the third-party team and provide more details.

According to Bitcoin Magazine, Jack Dorsey, the founder of Block (formerly Square), announced the launch of the open-source decentralized group chat application Buzz, aimed at challenging team collaboration platforms like Slack. Buzz is built on the decentralized social protocol Nostr and is designed for teams composed of humans and AI agents, supporting chat, project management, coding, and PR collaboration.Block stated that the application is decentralized and open-source, allowing users to have full control over their data, and teams can collaborate with members and dedicated agents in a shared space.

RobinHub posted on platform X that data shows that since the mainnet launch of Robinhood three weeks ago, the number of transactions has reached 119.75 million, the number of blocks has reached 15.25 million, the number of unique sending addresses has reached 1.66 million, the protocol's TVL has reached 262 million USD, the number of deployed contracts has reached 974,300, the number of ERC-20 tokens has reached 396,000, the number of NFT collections has reached 9,090, and DEX transactions have reached 46.66 million.

On-chain detective ZachXBT stated that the cross-chain protocol TeleSwap suffered a vulnerability attack of approximately $735,000 on July 15, and after the incident, its Bitcoin hot wallet immediately stopped processing transactions.As of now, five days have passed since the incident, and the project team has not made any public disclosures regarding this event. ZachXBT noted that about two hours ago, the attacker transferred the stolen funds to Tornado Cash.

According to Decrypt, the cross-chain bridge protocol Allbridge has suspended its Core protocol due to a flash loan attack, with the attacker having stolen approximately $1.65 million in assets from the Solana stablecoin liquidity pool.According to analysis by blockchain security firms PeckShield and CertiK, the attacker borrowed $1.12 million in flash loan funds through the Solana lending protocol Kamino, and then manipulated the price mechanism within the Allbridge pool through multiple stablecoin exchange operations to exchange assets at a low price, subsequently transferring the funds across chains to an Ethereum address.During the attack, the attacker exchanged several thousand dollars in USDT to obtain approximately $2.24 million in USDC, and then bridged the funds to Ethereum for further dispersal. It is currently unclear whether some of the funds can still be recovered.Allbridge stated that the team has suspended the Core protocol for security reasons and has requested affected liquidity providers to withdraw their funds immediately. Due to the attack causing an imbalance in the liquidity pool, some traders profited from arbitrage opportunities. Allbridge has called on relevant users to return their profits, stating that the funds will be used to compensate affected LPs.The team indicated that there is no further risk to user funds at this time and will release a detailed incident analysis report after completing the investigation, while also planning to relaunch the Core protocol after removing the liquidity pool. This is the second time Allbridge has encountered a similar flash loan attack. In April 2023, the protocol's BNB Chain liquidity pool suffered a loss of approximately $573,000 due to a similar vulnerability, after which the project team stated that they had recovered most of the funds and adjusted the liquidity calculation mechanism.

According to tracking data from the Web3 asset data platform RootData X, in the past 7 days, the Robinhood Chain native CDP protocol Arrow Finance has been the project with the most new followers among X (Twitter) Top personalities. New influential figures following this project include well-known analyst 0xWizard (@0xcryptowizard), SpiderCrypto (@SpiderCrypto0x), and well-known KOL 0xSun (@0xSunNFT).

Uniswap founder Hayden posted on the X platform that Uniswap has just submitted two governance proposals for final on-chain voting, including enabling v2 and v3 protocol fees on the Robinhood Chain, as well as enabling v4 protocol fees on Ethereum, Base, Arbitrum, Robinhood, BNB, Polygon, and Optimism. The remaining third proposal related to v4 chain is about to be submitted.Both proposals will direct all new protocol fees into the existing UNI burn mechanism. Based on the current trading volume, especially the trading volume related to Robinhood, the impact on UNI burn is expected to be significant.

Bitget's licensed RWA protocol Reality has released its latest Proof of Reserves (PoR) report. The report shows that Reality's reserve ratio has reached 100%, and its issued tokenized stocks, rToken, are all pegged 1:1 to the underlying US stock assets.The reserve data is updated daily and independently audited by the American auditing firm The Network Firm. The assets are custodied with the FINRA-registered and SIPC-protected US brokerage Alpaca Securities LLC, regulated under New York state law, forming a transparent structure with independent parties for issuance, auditing, and custody.The US stock token rToken issued by Reality has been deeply integrated into the Bitget ecosystem and can be used for core scenarios such as unified account margin and collateral lending. Previous data showed that the assets under management (AUM) of Bitget's stock token rToken surpassed $100 million one month after its launch.

According to official news, the DeFi protocol DeltaDeFi announced that due to a lack of operating funds, all operational activities will be suspended starting today, and development and maintenance work will also be halted. The official statement indicated that the team is currently evaluating subsequent plans and promises to return funds to users, provided that the minimum UTXO requirements are met.

Uniswap initiated a governance proposal to extend the protocol fee collection and UNI burning mechanism to the Robinhood Chain, covering versions v2, v3, and v4.According to the proposal, the protocol fees generated on the Robinhood Chain will be sent to the TokenJar contract on that chain, and Searchers can redeem the fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.

Pump.fun co-founder Sapijiju stated that from July 6 to July 12, Bonding Curve, PumpSwap, and Terminal generated a total of $5.9 million in protocol fees, of which 50% of the net fees are used for automatic buybacks and burning of PUMP through locked smart contracts. In the past 7 days, the amount for buybacks and burns exceeded $3 million, and the cumulative scale is equivalent to 14.987% of the total supply of PUMP.

According to official news, the token distribution and streaming payment protocol Sablier Labs has announced the cessation of active product development and commercial operations, entering maintenance mode from today until June 2028. The official statement indicated that due to the sluggish environment of the cryptocurrency market and the lowered technical barriers from AI-assisted programming, the on-chain token distribution sector can no longer support its venture capital-scale business model.Sablier emphasized that its underlying smart contracts run on-chain without permission, and the company does not hold funds, so the assets, streaming payments, and token unlocks of existing users are not affected. However, regarding front-end business restrictions, the official interface will no longer accept new plans with end times later than June 2028 or indefinite payment streams from today.At the same time, to promote the project's transition to a community-led open-source public good, Sablier has advanced the open-source date of its main EVM smart contracts from the originally planned 2029 to today, and the license has officially changed from BUSL to GPL, allowing the community to freely fork and deploy.

Uniswap founder Hayden posted on the X platform, stating that many people have not noticed that the Uniswap protocol fees have been activated and UNI has been burned. He continues to receive replies believing that the protocol fees have not been activated.Currently, there are 3 governance proposals being voted on: 1) Robinhood Chain fees (v2/v3); 2) v4 fees; 3) fee bridge cleanup on xlayer, ava, megaeth, sonium.

According to The Defiant, the financial and operational update released by Sky Frontier Foundation for June 2026 shows that its annualized total revenue run rate has reached a new record of $419.08 million. It is reported that the annualized total revenue run rate is an estimated metric that converts short-term revenue data (usually monthly or quarterly) into annual revenue, used to quickly assess the current revenue scale and development trend of the business.Data from DefiLlama shows that Sky has generated $30.14 million in fee revenue over the past 30 days, with an annualized revenue of approximately $367 million. This data reflects the total fees paid by users, rather than the "total revenue" concept adopted by Sky, which is generally consistent with the data released by Sky.

The cross-chain interoperability platform Relay Protocol has issued a warning, stating that since the launch of the Ethereum Layer 2 network Robinhood Chain based on Arbitrum on July 1, a large number of honeypot scam tokens have emerged. After users purchase these tokens, they automatically disappear from their wallets, and the funds cannot be recovered. Relay Protocol clarified that this is not due to a breach of wallet infrastructure; users' private keys and other assets remain secure, and the malicious logic exists only within the scam token contracts themselves.The typical operation of honeypot tokens allows users to buy in but prevents selling through hard-coded rules, or automatically transfers funds to the attacker's wallet. Some users have reported that a certain token contract uses hidden storage mappings to bypass standard ERC-20 security checks to steal assets.Relay Protocol stated that it is blocking discovered scam tokens and verifying safe tokens, advising users to only trade tokens verified by trusted sources, to verify contract addresses before trading, and to test with small amounts of funds first. The platform pointed out that attracting scammers in the early stages of a new chain launch is not an issue unique to Robinhood Chain; similar situations have occurred with other L1 and L2 chains upon their launch.

According to the official blog, Brave officially released the Basic Attention Token (BAT) roadmap 4.0 on July 9. This update aims to address the new challenges brought by artificial intelligence and a cashless economy, fully integrating BAT, Brave Rewards, and Brave Creators into a transactional attention economy. The core initiatives of the roadmap include the launch of a new unified version of Brave Wallet that integrates traditional payment methods with self-custodied crypto assets, as well as the construction of a privacy payment protocol layer, BravePay, based on stablecoins, thereby providing foundational support for autonomous agent payment features such as x402 and Machine Payment Protocol (MPP) within the browser.In addition, the roadmap also plans several new products to expand the ecological boundaries. Brave plans to launch virtual and physical payment cards for Brave Rewards that support daily consumption and return BAT rewards, while also developing a new creator contribution protocol to ensure that creators receive micro-royalty compensation when their content is utilized by AI products. In terms of token economics, a portion of the net income generated from Brave Wallet's revenue features, payment cards, and the BravePay protocol will be directly used to repurchase BAT to support user rewards and ecological growth. With the advancement of the above new features, Brave will gradually phase out traditional advertising notification units by the end of 2026 and fully shift the user reward mechanism towards personalized offer walls and a new loyalty program.