Tagged: sonic

DeFi Protocol Aave Plans Orderly Exit from Low-Activity Markets and Chains, Potentially Impacting Nearly $100M in Assets

Aave, one of the more active decentralized lending protocols, is preparing to phase out support for a range of underused asset reserves and fully wind down its presence on several smaller blockchain networks. The initiative, announced by founder Stani Kulechov, forms part of a broader… Read More

EVM L1 Blockchain Sonic to Support Native USDC, Will Integrate Support for Circle’s Cross-Chain Transfer Protocol V2

Circle has announced that Sonic, a so-called “high-performance” EVM Layer-1 blockchain, will transition from the Bridged USDC Standard to native USDC while integrating support for Circle’s Cross-Chain Transfer Protocol V2 (CCTP V2). This upgrade, set to commence with a bridging pause on May 6, 2025,… Read More

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