DeFi

Xora Finance says it is the first bank built on top of the XRP Ledger (XRPL). The project promotes “new utility” for $XRP through products such as collateral, lending, and yield generation. It also claims users can earn $100 per day in passive income with $150,000.

AlloX is an AI-driven on-chain portfolio tool running on BNB Chain that lets users build diversified portfolios across AI, DeFi, Gaming and RWA in one click and have them executed automatically. The product has recorded 42,280+ active users, 319,970+ transactions and +7.32% growth in 24 hours. Users can fund with BNB, USDT or USDC while maintaining full self-custody. It is positioned as a boost to BNB Chain’s DeFi infrastructure and expands on-chain use cases for the network’s native token and major stablecoins.

XFlows has launched a cross-chain direct swap feature that lets users convert select altcoins such as FLOKI, SAND, MANA, SNX and VELO into BTC, ETH, or USDC/USDT across 10 supported networks. The update combines bridging and DEX steps into a single flow, eliminating the need to switch between multiple protocols. It currently supports Ethereum, Arbitrum, Base, Avalanche, Polygon, OP Mainnet, Linea, Sonic, X Layer and BNB Chain.

A comparison of rToken, Ondo Stock and Binance bStock argues that the main differences among tokenized U.S. stock products come down to liquidity, capital efficiency and transparency. The article says rToken connects directly to Nasdaq and NYSE order books, supports features such as margin, T+0-style trading, weekend trading and API-driven strategies, and provides 1:1 backing with daily third-party Proof of Reserves updates. Based on hands-on trading experience, it frames rToken as infrastructure that combines traditional equity-market liquidity with crypto-style account efficiency and on-chain visibility, with stablecoins—especially USDT—serving as the settlement layer.

Rysk said its V12 release has been deployed to the Ethereum mainnet. The update lets users pick an asset and set their own exercise terms. It also allows users to earn premium income upfront when opening an options position. The rollout marks the protocol’s move to mainnet-level availability with full on-chain execution, without relying on testnets or L2 networks.

Mintly, a product under Virtuals Protocol, has gone live as the first yield agent on Robinhood App Chain, automatically allocating users’ ETH and USDC into audited Origin Protocol strategies. The service rebalances positions around the clock to seek the best available yield rate. Funds are held in a user-owned contract and can only be moved back to the user’s wallet. TVL and specific APY figures have not been disclosed.

STBL Dapp has launched a unified interface that consolidates access to the Ethereum and Stellar networks. The portal lets users mint USST using real-world asset collateral, including USDY and OUSG. The update is designed to maintain end-to-end on-chain transparency across both ecosystems. It also positions STBL’s platform as infrastructure for cross-network RWA integration aimed at institutional users.

StandX said it has launched the SIP-4 protocol on BNB Chain, introducing a new set of on-chain trading primitives to expand derivatives trading options. The related contracts have generated more than $40M in notional volume as of publication, with activity still growing. The upgrade is positioned as a key DeFi infrastructure iteration within the BNB Chain ecosystem, aimed at improving on-chain trading depth and tooling while reinforcing BNB’s role as the settlement and gas token. The announcement does not involve token issuance, changes to the tokenomics model, or any regulatory action.

On July 5, 2026, Aave rose more than 13% in a market rally, reviving debate over how to value the protocol as a decentralized “bank.” The report said institutions are exploring deeper ties with the Aave ecosystem, and Kraken parent Payward was reported to be in talks over a potential strategic investment, though no deal has been confirmed. Focus is also shifting to whether the Aave DAO can turn protocol activity into sustainable cash flow and deploy capital effectively through measures such as buybacks and treasury management.

Phantom, a mainstream non-custodial wallet with more than 15 million monthly active users, said it has hired a team that previously led the build-out of a highly liquid perpetuals market on Hyperliquid. The move is aimed at integrating decentralized perpetual trading directly into Phantom’s wallet infrastructure rather than relying on an API connection. Hyperliquid now has more than $2 billion in total value locked, and its average daily perpetual volume is comparable to some mid-tier centralized exchanges. The step reinforces Solana’s position in on-chain derivatives and could also support demand for on-chain perpetual liquidity tied to major assets such as Ethereum and Bitcoin.