Weekly Crypto Recap: Uniswap launches DeFi-focused chain and RWA crosses $8 billion

Here’s what we have this week:

• Haven1 news
• Regulation and compliance
• DeFi 2.0
• Blockchain infrastructure
• RWAs
• The Haven1 take

Haven1 news

We had a busy week of content, with our new posts including:

• Why Haven1 Is Built for Institutions (and Why That’s Good for Retail)
• Why Two-Factor Authentication is Revolutionary in Haven1's Design and Critical for the Growth of Web3

Keep an eye on our blog and follow our account on X for the latest news.

Regulation and compliance

1. SEC and Binance request pause in legal proceedings

The US Securities and Exchange Commission (SEC) and cryptocurrency exchange Binance have jointly requested a 60-day halt in their ongoing legal battle. This move aligns with the formation of a new SEC task force aimed at developing clearer crypto regulations, signaling a potential shift toward a more crypto-friendly regulatory environment under the current administration.

We’re excited to see that the previous regime’s aggressive approach to regulating crypto has been suspended, which is sure to help spur new innovation in the industry and among DeFi which stands to benefit the whole industry.

2. Coinbase plans to re-enter India

The company left due to regulatory difficulty, but it is now in conversations with regulators with a view to returning. Binance recently returned to India thanks to greater regulatory clarity. Indian government officials have pledged to re-evaluate crypto in response to the Trump administration’s stance on regulation in the US.

3. SEC may not have jurisdiction over memecoins

SEC Commissioner Hester Peirce has said that the commission may not have jurisdiction on all memecoins, although that could change with greater regulatory clarity.

This is another example of the complexity of regulating the crypto industry, which operates globally and 24-7 unlike traditional markets. That makes it difficult for organizations like the SEC but it opens huge opportunities for anyone in the world to access digital assets, particularly less risky areas like DeFi, rather than the volatile world of memecoins.

DeFi 2.0

1. Uniswap launched its DeFi-focused blockchain

Unichain is Uniswap’s first chain and it is expressly designed for DeFi with support for cross-chain transactions, swaps and liquidity provisions. More broadly, it supports decentralized apps (dapps), enables developers to integrate stablecoins and liquidity pools and the creation of Unichain-based memecoins.

Blockchain Infrastructure

1. NFT project Doodles is launching a token

The project is following the examples of Pudgy Penguins and Azuki, two mainstream NFT collections to issue tokens—although both of those tokens have seen their value plummet significantly since launch. Doodles is choosing Solana and Base as its chains for the token, with more details on the launch expected soon.

2. Plasma plans USDT stablecoin network on Bitcoin

Plasma, a crypto startup backed by Tether and other investors, plans to develop a Bitcoin-based blockchain specifically for stablecoins. The network will enable zero-fee transactions using Tether’s USDT stablecoin to enhance its adoption for payments and remittances.

RWAs

1. Dubai’s $1 billion blockchain deal

Dubai-based real estate developer DAMAC signed a $1 billion partnership with blockchain platform MANTRA. The deal focuses on integrating blockchain into real estate transactions, expanding the role of tokenized assets in high-value property markets.

2. Tokenized asset market crosses $8 billion

The total market cap of tokenized RWAs has surpassed $8 billion, according to a report from CoinTelegraph. In particular, it is highlighted that institutional players are increasingly involved in tokenizing private equity, bonds, and commodities BlackRock, Franklin Templeton and Ondo Finance are among the top contributors right now. Indeed, Franklin Templeton just launched its first tokenized fund on Solana.

We see the market poised to grow even more rapidly. We believe that ‘safe haven’ networks like Haven1 will attract the attention of even more institutional investors, bringing benefits not just to institutions but to retail investors too—as we explained in a blog post published this week.

The Haven1 take

It’s been an incredibly bullish week for DeFi following previous news that the US government wants to ease up on tax requirements for DeFi. This week has seen new chains launch and be teased, and we truly believe that this is just a sign of things to come.

DeFi is a core tenet of Haven1 but we are also seeing an explosion in RWA, one of our other key focuses, with tokenized funds on a truly upward trajectory.

These developments are ideally timed as we move closer to the launch of the Haven1 mainnet. Stay tuned for more updates soon!