Last Week in DeFi: Euler CEO Steps Down, Privacy Cash Launches Private Swaps on Solana, Lighter Launches LIT Staking, and more...
Launches🚀
Trojan Trading launched its Solana trading terminal with the “Arena incentives program, leaning into ultra-low latency execution and a heavily incentivized rewards stack, including a $5M SOL early-user program, quest-based rewards, a daily jackpot funded by 10% of platform fees
Privacy Cash, a private Solana transfers protocol, launched “Private Swaps” on Solana, adding private swaps for Solana-supported tokens on its platform.
Markets.xyz launched a new perps platform for trading traditional assets and crypto from one balance, debuting with a 24/7 US500 perpetual (up to 25x leverage) built by Kinetiq with partners including Kaiko, Native Markets, and pvp.trade.
Tria, a crypto neobank, has launched “Earn,” a new in-app yield feature that allows users to generate yield on stablecoins and BTC while keeping funds liquid for spending, trading, or card use.
Jumper launched Earn and Portfolio, adding yield deployment and cross-chain portfolio tracking to its app. Jumper Earn curates opportunities across 15 DeFi protocols with one-click deposits via LI.FI, while Portfolio consolidates assets and positions with integrated deposit/withdrawal support.
World Liberty Financial launched World Liberty Markets, a new liquidity markets interface powered by Dolomite that lets users supply assets to earn yield or borrow against their portfolio.
Updates 📰
Alon, Pump.fun co-founder, launched Creator Fee Sharing (split fees across up to 10 wallets + ownership controls) and signaled a shift toward a market-driven model where traders decide which narratives deserve fee support, as Dynamic Fees V1 boosted creators but hurt trading incentives, with more changes coming in 2026.
Trove Markets reversed its earlier decision to extend the ICO, confirming there will be no extension and that the sale is now concluded with $11.5M+ raised, while sticking to the original timeline ahead of the $TROVE TGE on Jan 20 (5 pm UTC).
Fogo updated $FOGO tokenomics by consolidating Echo + Binance Prime Sale + airdrop into a 16.68% “Community Ownership” allocation, while keeping ~63.7% of supply locked at launch and emphasizing a new revenue-sharing “flywheel” model for value accrual.
Strategy disclosed it bought an additional 13,627 BTC for about $1.25 billion at an average price of $91,519, bringing total holdings to 687,410 BTC (valued at roughly $51.8 billion).
Euler founder Michael Bentley said he will step back from the day-to-day CEO role and transition into an advisory, product-focused position. Jonathan Han will take over as CEO, with CTO Kasper Pawlowski continuing to lead technical direction
A bipartisan U.S. crypto market structure bill draft includes contents that would treat network tokens like XRP, SOL, LTC, and more as non-ancillary assets if they were the primary asset of a listed U.S. exchange-traded product as of Jan. 1, 2026
Avici added Revolut deposits, allowing users to move funds from a custodial account into a self-custodial wallet in one click, positioning the feature for payroll and everyday fiat transfers.
Lighter.xyz releases mobile trading app for iOS and Android, launching a $100,000 LIT token trading competition for mobile users.
Lighter is rolling out LIT staking, a new token utility tied to access, fees, and yield across the platform. A key change is that LLP access will require staking: users can deposit up to 10 USDC into LLP for every 1 LIT staked, with a two-week grace period for existing LLP holders ending Jan 28.
Summer Finance is launching $SUMR on Aerodrome, and veAERO voters will be able to direct emissions starting at the next epoch flip. $SUMR is a governance token with staking rewards and revenue distribution.
X revoked API access for multiple “InfoFi” crypto reward apps on Jan. 15—including KaitoAI, Wallchain, and Noise—after a surge in reply spam and low-quality incentive-driven posts.
Aerodrome bought back and max-locked 453,000 $AERO($258K) over the past week. The team also teased more details on upcoming buyback initiatives tied to its planned new program.
GMTrade (formerly GMX-Solana) announced it is launching forex perpetuals on Solana, starting with major FX pairs including GBP/USD, EUR/USD, AUD/USD, and NZD/USD.
Aster is now powering perpetuals trading on Binance Wallet (web), expanding its perps infrastructure across major wallets after integrations with SafePal and Trust Wallet.
Tom Lee’s Bitmine staked an additional 186.5K ETH (~$607M) over the past 24 hours, increasing its ETH staking position further. The firm is now reported to have staked more than 1% of Ethereum’s total supply
Issues ⚠️
Coinbase CEO Brian Armstrong said Coinbase withdrew support for the draft U.S. crypto market structure bill after finding provisions it believed could harm consumers and stifle competition, arguing banks shouldn’t be able to use regulation to “kill their competition.”
He said the goal is to force revisions rather than stop legislation, and expects negotiations to resume with a revised draft potentially within weeks, while warning he would prefer “no bill” over a “bad bill” that could have eliminated several Coinbase product lines.
Sui said its mainnet has recovered from a network stall and is now fully operational, with transactions flowing normally. The team advised users to refresh apps/browsers if issues persist and said a full incident review will be published in the coming days
SolanaFloor flagged concerns around SHDW (shdwapp), a Solana “privacy” app planning to launch its token today, saying its testing found transfers were not actually private and swap deposits could not be withdrawn.
YO published a postmortem on the Jan. 12 yoUSD vault incident, where an automated harvester mistakenly swapped the vault’s full stkGHO balance at an extreme price, creating a $3.7M shortfall. No user funds were lost, the treasury fully covered the gap, and operations resumed the same day.
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