gTrade, the on-chain perpetuals DEX offering crypto and RWA markets with up to 1000x leverage, is now live inside MegaETH Terminal — the ecosystem's points program tied to a 2.5% mainnet campaign allocation from ~10B token supply.

At current pre-market pricing of ~$0.17 per MEGA, that allocation implies roughly $40M+ in potential ecosystem incentives, though exact distribution mechanics remain unconfirmed and allocations may be partial or phased.

Users accumulate Terminal points through two activities: trading across gTrade's 165+ markets, which includes commodities, forex, stocks, and indices alongside crypto pairs, or providing liquidity to the gUSDM vault. Selected pairs rotate weekly with point multipliers, directing attention toward specific markets each week.

The RWA coverage is a differentiator — XAU, USOIL, EUR/USD, NVDA, SPY, and similar instruments are available with the same leverage profile as crypto perps, expanding the addressable audience beyond typical DEX users.

Google has unveiled Google Health Coach, a Gemini-powered service combining fitness coaching, sleep analysis, and wellness guidance, available May 19 under the Google Health Premium subscription at $9.99/month or $99/year.

The coach personalizes guidance through an onboarding flow covering goals, equipment, injuries, and lifestyle. Users can log workouts and meals via text, voice, or photo. Insights draw from fitness metrics, sleep data, nutrition, cycle tracking, and connected U.S. medical records.

Alongside the app rebrand, Google introduced the Fitbit Air — a screenless, Whoop-style band priced at $99.99. It tracks heart rate, SpO2, HRV, sleep stages, and Afib. The device weighs 12g, is water-resistant to 50m, and offers up to 7 days of battery with a 5-minute fast charge delivering a full day of use.

The Fitbit Air ships May 26 and includes a 3-month Google Health Premium trial. Google AI Pro and Ultra subscribers get Health Premium at no added cost.

FDV/Revenue Annualized ratio measures how much the market pays for every dollar a protocol earns; the lower the ratio, the more efficiently a protocol is valued. This snapshot compares the most profitable protocols, identifying who offers the best value by fundamentals.

The category leaders: Limitless in Prediction Markets (4.4x), Morpho in Lending (11.6x), edgeX in Perp DEXs (11.7x), Meteora in Spot DEXs (10.5x).

The top 12 spot DEXs processed $132B in combined volume, led by Uniswap ($40.3B) and PancakeSwap ($24.5B). But the real story is in the growth numbers: Curve surged +54.7%, Aerodrome +47.7%, while HumidiFi lost -60.9% and Raydium dropped -38.6%.

The Arbitrum DAO voted 100% YES, 16.9M ARB in favor to release 30,766 ETH frozen by its Security Council following the Kelp DAO exploit, directing the funds to DeFi United, the Aave-led recovery coalition assembled to restore rsETH's backing and close bad debt.

However, a US federal court issued a restraining order on April 30, just before the vote concluded, blocking the actual transfer of the ETH pending legal resolution.

Alchemy Chain mainnet is now live, a payments-first L1 purpose-built for real-world stablecoin transactions, and the world's first payment blockchain to align with both the EU's MiCA and Hong Kong's HKMA regulatory frameworks.

Testnet surpassed 150K unique addresses and processed over 800K transactions before mainnet launch. ACH is the only gas token; single-token fee model removes friction for end users.

A bi-directional bridge to Ethereum allows ACH to move between the two networks, keeping Alchemy Chain connected to the broader crypto ecosystem rather than operating in isolation.

Solv migrates the infra behind more than $700M in tokenized BTC, covering SolvBTC and xSolvBTC, from LayerZero to Chainlink's CCIP, following a broader internal security review of cross-chain systems.

The migration will be executed in phases to minimize disruption for users holding tokenized positions across affected chains.

Solv, backed by Binance Labs, Blockchain Capital, and OKX Ventures, manages over $2.8B in total assets & describes itself as the operating layer for Bitcoin, connecting BT capital to DeFi, CeFi, and TradFi.

The funding package is spanning first-party products, protocol infra, research, and a strategic fund for trading and AI partners. Aptos network holds $1.2B in onchain assets; sub-50ms block times and sub-500ms finality are central to the institutional pitch.

Major beneficiaries

– Decibel: Aptos-incubated onchain perps exchange; $1B+ cumulative volume since February mainnet launch

– Shelby: Hot storage protocol for AI agent data markets; targets AI training datasets and agent-to-agent data exchange

This week’s flow was concentrated around tokenized assets and real-world financial infrastructure. From Treasury settlement on XRPL to Western Union stablecoins on Solana, multiple institutional products moved into production simultaneously, alongside some of the larger capital raises of this cycle.

🔎 Recent Updates & Developments

– Ondo, JPMorgan, Mastercard and Ripple completed first cross-border tokenized Treasury settlement on XRPL in under 5 seconds

– DTCC will launch tokenized securities platform, enabling onchain trading of equities, ETFs and Treasuries with full legal ownership

– Andreessen Horowitz raised $2.2B crypto fund, doubling down on stablecoins and blockchain financial infrastructure

– Western Union launched USDPT stablecoin on Solana, enabling global settlement across 200+ countries beyond banking hours

– Solana Foundation and Google Cloud launched Pay sh, enabling AI agents to pay for APIs using stablecoins onchain

– Coinbase partnered with Centrifuge to scale tokenization on Base, targeting ETFs, credit funds and structured products

– Securitize launched regulated tokenized equities on Solana, enabling onchain issuance and trading with institutional liquidity

– Kalshi finalized $1B raise at $22B valuation, highlighting rapid growth of prediction markets despite regulatory pressure

Meta is facing backlash after thousands of Facebook and Instagram users reported being suddenly banned over alleged child exploitation violations they say are completely false.

Many users claim Meta’s AI moderation systems are wrongly flagging accounts, while appeals are reportedly denied within minutes with little to no human review. Some affected users say the bans have damaged businesses, erased years of memories, and created fears of legal consequences.

Nearly 60,000 people have signed a petition demanding better support and accountability from Meta. Even some Meta Verified subscribers say they were unable to get meaningful help from customer support.