According to a comprehensive new report by Wublockchain, the crypto industry just wrapped one of its busiest weeks of Q4, marked by major DeFi acquisitions, record-breaking protocol growth, surging on-chain activity, and a wave of innovation across both meme and infrastructure projects.
The report compiles ten of the most significant ecosystem updates, painting a detailed snapshot of a market that is consolidating yet simultaneously expanding its technological and institutional footprint.
1. Hyperliquid’s Open Interest Plunges $7.4B After Massive Liquidations
The derivatives platform Hyperliquid experienced a steep $7.4 billion drop in Open Interest (OI), falling from $13.8 billion as traders suffered cascading liquidations, nearly $3 billion of which came from altcoins. While trading volume rebounded 17% in the following week, the platform saw a 70% spike in daily liquidations, signaling a wave of “revenge trading” among retail users.
2. Pump Fun Acquires Meme Trading Platform Padre
Pump Fun confirmed the acquisition of meme trading terminal Padre, a platform with over $1 billion in cumulative volume since launching in July 2024. Data shows Padre has attracted more than 35,000 users and generated over $10 million in transaction fees, strengthening Pump Fun’s hold in the meme coin trading niche.
3. Uniswap Foundation Issues $9M Grant to Brevis
The Uniswap Foundation awarded a $9 million grant to Brevis for building a “Router Rebate Program” using zero-knowledge proof systems. The initiative, powered by Brevis’s ZK Data Coprocessor and Pico zkVM, will deliver gas rebates for routers integrating with Uniswap v4’s hooked pools.
4. Spark Surpasses $10B in TVL
DeFi heavyweight Spark saw its total value locked soar over 15% in one week, crossing the $10 billion milestone. That makes Spark the sixth-largest DeFi protocol by TVL. On-chain data shows a large wallet linked to Justin Sun shifted about $600 million from Aave to Spark, where Sun-linked wallets now hold roughly $2.2 billion in total assets.
5. Aave Labs Acquires Stable Finance
Aave Labs announced its acquisition of Sta2ble Finance, a San Francisco-based firm offering mobile-friendly stablecoin savings. The move, Aave’s third talent-focused acquisition after Sonar (2022) and Family (2023), will see Stable’s founder Mario Baxter Cabrera join Aave as Director of Product, integrating Stable’s UX-driven tools into Aave’s future DeFi products.
6. Aster Launches “Rocket Launch” Platform with APRO Oracle
Decentralized exchange Aster introduced a new launchpad feature called Rocket Launch, designed to support early-stage crypto projects. Its inaugural event partners with APRO Oracle, offering a $200,000 reward pool in ASTER and AT tokens. The program will also include token buybacks and liquidity incentives for contributors.
7. Berachain Unveils Preconfirmation System Proposal
Berachain proposed a new preconfirmation mechanism designed to boost transaction speeds 10x while maintaining low latency and fair ordering. Built on its custom Beacon-Kit and Bera-Reth clients, the upgrade provides an optional optimization for high-frequency and reorg-sensitive applications without requiring additional validator components.
8. Jupiter Reports $46M in Q3 Revenue and Stablecoin Plans
Jupiter’s Q3 report revealed $46 million in revenue alongside new initiatives including the Ultra v3 engine, a lending protocol, and a JLP mechanism. The platform also confirmed plans to launch a native stablecoin, a prediction market, and a new cross-chain launchpad through its expanding Jupnet and jupVM systems.
9. Coinbase’s x402 Protocol Activity Explodes
Coinbase’s open-source protocol x402 recorded an 8,218% jump in transaction volume and a 701% surge in transactions this week, driven by the launch of PING, the first token issued through x402. The Ethereum Foundation’s binji dubbed the moment “x402 Season,” as PING’s market cap topped $20 million, fueling demand for x402-related tokens.
10. Vitalik Buterin Praises Polygon’s ZK-EVM Achievements
Ethereum co-founder Vitalik Buterin published an article commending Polygon and its co-founder Sandeep Nailwal for their long-term contributions to Ethereum’s scaling ecosystem. Vitalik highlighted Polygon’s early ZK-EVM investments, AggLayer infrastructure, and Nailwal’s CryptoRelief initiative, emphasizing Polygon’s role in advancing open-source public health projects and ZK technology adoption.
In summary, this week’s developments highlight the rapid evolution of DeFi infrastructure, institutional-grade acquisitions, and renewed meme coin innovation, all signaling that crypto’s post-consolidation phase is giving rise to a fresh wave of ecosystem growth and capital rotation.