USDu is fully over-collateralized (104.92%) and hedged using a JLP long + perp short strategy to minimize price risk. TVL is around $25–26M, USDu supply ~26.21M$, and the protocol has 83K+ users. sUSDu offers a 7-day average APY of 12.96%. The Ethereum-focused foundation has pivoted; the Solana-based Labs version now emphasizes yield and stability.

Who is Behind Unitas?

The pivoted Unitas Labs enables a more agile development process.

• Sun Huang: CTO & co-founder

• Wayne Huang: Board Director & co-founder, also CEO of XREX

• Jerry Li & Ethan Yang: Founding members

The team actively communicates via Discord and X, with Immunefi bounty programs, AccountableData, and HTDGTL proof of solvency ensuring transparency. Legacy concepts from the foundation are now reshaped under Labs.

Investors and Partnerships

With the Binance Wallet Booster campaign live today, all eyes are on the 30M UP rewards. Other notable partnerships include:

• Jupiter Perps: Core of the delta-neutral strategy

• Stablewatch: sUSDu listed with transparent TVL & APY tracking

• Kamino / RateX: Additional yield via money market deployments

• Orca: USDu/USDC swap and staking

• AccountableData / HTDGTL: PoS / Proof of Reserves

• Superteam Poland / Sanctum: Solana ecosystem references

• LayerZero: Cross-chain USDu planning

• XREX: Emerging market payments

• Early-stage investors: Amber Group, Blockchain Builders Fund, Bixin Capital

The Concept

Unitas leverages local currencies as a “value translator.”

How it Works: Users deposit USDT; the protocol locks it and mints units pegged to local currencies (e.g., USD91).

Collateral: Always exogenously over-reserved, meaning each minted unit has more than $1 backing in USD.

Mechanics:

Unitas executes market-neutral arbitrage via JLP long + perp short. Protocol fees are zero (Solana gas only). Revenue comes 75% from JLP fee capture.

• Revenue distribution: 80% to sUSDu holders, 10% to insurance fund, 10% treasury

• sUSDu staking: Minted by staking USDu, auto-yield, 7-day cooldown

• Risk management: Hourly re-hedge, circuit breaker, OES custody

• Current APR: 7-day average 12.96% (yield independent of market direction, driven by trader activity)

• User flow: USDu mint → sUSDu stake → 7-day cooldown → collateral redeem

The JLP pool, composed of SOL, ETH, BTC, and USDC, captures trader activity revenue through swap, trade execution, and liquidation fees. Perp shorts neutralize market risk, preserving USDu value while generating yield.

Token: UP

UP is a governance and utility token. Stakers earn rewards and protocol revenue shares.

• Total Supply: 1B UP

• Booster Campaign: 30M UP (~3%)

• TGE & detailed distribution: Announced soon via Binance Wallet

• Points / Rewards Program: Season 1 ongoing for holding, staking, and liquidity contributions

UP Token Use Cases

• Governance: Voting on protocol decisions

• Staking & Rewards: Earn sUP and long-term incentives

• Protocol Fee Sharing: Revenue share when governance is active

Future Plans

• JLP-backed USDu v1 (Solana) – Live (Q3 2025)

• Cross-chain USDu (LayerZero) – Design (Q4 2025)

• Unipay Card – Prototype (Q1 2026)

• Permissionless Collateral Adapters – Research (2026)

Ecosystem & Products

• Core Products:

  • USDu – DeFi stablecoin

  • sUSDu – Staking yield

  • JLP Pool – Jupiter perp liquidity provider

• Coming Soon:

  • Unitas Card

  • Cross-chain support

USDu Delta-Neutral Mechanics & JLP Revenue

USDu invests in spot assets via JLP long positions while simultaneously opening perp short positions to neutralize price risk. Revenue from JLP fees and funding rates is distributed 75% to USDu and sUSDu holders. JLP’s basket of BTC, ETH, SOL, and USDC captures trader activity, ensuring the stablecoin maintains $1 value while generating sustainable yield.

Unitas (UP) Features

• Solana-based yield-bearing stablecoin

• USDu over-collateralized (~105%), delta-neutral hedged

• sUSDu staking for auto-yield (~13% APY, historical 8–15%)

• Revenue: JLP fees + funding rates

• Distribution: 80% sUSDu holders, 10% insurance fund, 10% treasury

• Extras: RateX/Kamino boosts, Orca swaps, Stablewatch tracking

• Binance Booster: 30M UP rewards (~3% total supply), Alpha Points required, TGE & tasks phased via Binance

Official Links

• Website
• Twitter
• Telegram
• Discord

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Definitive enables retail traders, whales, liquidity funds, and even AI agents to buy and sell any asset on any chain with the institutional-grade execution quality of centralized exchanges (CeFi). 

Founded by the team that built Coinbase Prime’s trading engine and managed billions in trades for names like Michael Saylor and Elon Musk, the platform now opens its doors to all DeFi investors, delivering institutional-grade on-chain trading. 

Team & Founders 

• Dennis Qian – Cofounder 
• Jai Prasad – Cofounder 
• Blake Arnold – Cofounder 
• Amar Patel – Engineering 

Key Features 

• Advanced Order Types: TWAP, Limit, Stop/Take Profit – rare in DeFi. 
• Aggregated Liquidity: Best prices from 100+ DEXs, on-chain venues, and 15+ off-chain PMMs. 
• Analytics Tools: Real-time PnL tracking, multi-chain portfolio analysis, post-trade reporting. 
• Institutional Features: Automated reporting, sub-accounts, role-based access, and hidden order flows. 
• Gas & Chain Abstraction: No constant transaction signing or gas management needed. 
• Competitive Fees: 4x–20x cheaper than competitors. 

Why Definitive? 

• Definitive is more than just a DeFi platform — it’s a complete solution for trading with institutional-grade precision. 
• Non-Custodial: Users retain full control over all transactions and withdrawals. Approved “performers” may handle certain execution steps. 
• Automated Trading: TWAP, Limit, and Stop algorithms reduce manual effort and 24/7 monitoring. 
• Auditable: All trade history is on-chain verifiable and exportable. 

Supported Chains & Liquidity Platforms 

Definitive offers maximum flexibility with multi-chain support across Solana, Base, HyperEVM, and all major EVM-compatible networks. 

Liquidity Platforms 

• 100+ On-Chain DEXs: Uniswap, SushiSwap, Curve, Balancer, GMX, and more. 
• 15+ Off-Chain PMMs: Unique liquidity opportunities and long-tail assets not found on centralized exchanges. 
• Smart Order Routing automatically secures the best price across platforms. 

EDGE Token ($EDGE) 

The $EDGE token is a utility asset that powers Definitive’s trading ecosystem. 

Core Functions: 

• Trading fee discounts (40–50% when staked) 
• Unlocking advanced analytics and features 
• Staking rewards tied to platform value 
• Reward sharing from trading & staking 
• Governance voting rights 
• Ecosystem incentives for contributors and developers 

Tokenomics 

• Name: EDGE 
• Total Supply: 1,000,000,000 EDGE 
• Max Supply: 1,000,000,000 EDGE 
• Circulating Supply: 203.02M EDGE 

Distribution

• Community: 49% 
• 10.95% TGE Airdrop 
• 38.05% Future community rewards 
• Treasury: 9.46% 
• Investors: 14.64% (12-month lock + 2-year linear vesting) 
• Team: 26.90% (12-month lock + 2-year linear vesting) 

Advantages 

• Multi-chain trading with CeFi-grade execution 
• Institutional analytics and reporting tools 
• Automated trading algorithms reducing manual errors 
• Transparent, non-custodial structure 
• EDGE token rewards through staking and platform use 

Roadmap 

• Q2 2024: Token launch & airdrop 
• Q4 2024: Platform upgrades, fee discounts via staking 
• Q1 2025: Exclusive EDGE token-holder benefits; expansion to all EVM chains; enterprise features like sub-accounts and role-based access 
• Q2 2025: Reward sharing for trading & staking 

Official Links

• Website
• Twitter
• Discord

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During this period, total assets under management (AUM) declined to $146.48 billion. This figure represents roughly 6.46% of Bitcoin’s market capitalization. Fidelity’s FBTC led the outflows with a $331.42 million redemption by investors. 

ARK Invest’s ARKB product followed closely with a $327.93 million withdrawal. Grayscale’s GBTC recorded $66.79 million in losses, while BlackRock’s IBIT saw a relatively minor $2.58 million outflow. 

Despite the decline, trading volumes across spot Bitcoin ETFs remained strong. The total volume reached $6.13 billion, with BlackRock’s IBIT contributing $4.54 billion alone. This indicates continued investor interest despite the volatility. 

Ether ETFs End 20-Day Inflow Streak with $152M Outflow 

Meanwhile, spot Ether ETFs ended their longest-ever inflow streak on Friday, following 20 consecutive trading days of net inflows. That day, the sector recorded $152.26 million in total outflows. As a result, Ether ETF AUM dropped to $20.11 billion. 

This amount equals about 4.70% of Ethereum’s market cap. Grayscale’s ETHE led the withdrawals with a $47.68 million outflow. Bitwise’s ETHW product followed with a $40.30 million reduction, and Fidelity’s FETH recorded a $6.17 million decline. 

On the other hand, BlackRock’s ETHA remained flat for the day, reporting no inflows or outflows. Its assets under management held steady at $10.71 billion. 

Across all Ether ETFs, total trading volume hit $2.26 billion. Grayscale’s ETHE contributed the most, with $288.96 million in daily volume, reflecting ongoing market volatility. 

Institutional Demand Rises: Ethereum Accumulation Accelerates 

According to a recent report by Standard Chartered, institutional investors have increased their Ethereum purchases. Since early June, crypto treasury firms have acquired roughly 1% of Ethereum’s circulating supply. 

This steady accumulation, combined with consistent inflows into U.S. spot Ether ETFs, has become a key driver of Ethereum’s recent price rally. The bank projects that ETH could surpass $4,000 by year-end. 

Meanwhile, analysts highlight staking and DeFi participation as added incentives for corporate holdings. They believe that Ethereum’s share in institutional portfolios could grow significantly—possibly reaching up to 10% of total supply over time. 

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XOCIETY is a Web3-based virtual universe that combines digital identity, social interaction, and gamification. Built on the Sui Network, the project offers high scalability and low transaction fees. 

Users can earn $XO tokens by playing games, completing tasks, or contributing to the community. These tokens can be used to purchase NFTs, participate in governance, or engage in various DeFi tools. 

What is the Use of the XO Token? 

The $XO token has various use cases within the XOCIETY universe: 

• Game Rewards: Players earn tokens through missions, challenges, and achievements. 
• Governance (DAO): XO holders have voting rights in community decisions. 
• NFT Transactions: Used as a payment method in the internal NFT marketplace. 
• Liquidity Provision: Used for staking and farming in DeFi integrations. 
• Incentive Mechanism: Rewards for early adopters and contributors. 

XO Token Distribution (Tokenomics)

Total Supply: 5,000,000,000 $XO 

• Airdrop (7.5%): For early users, testers, and community incentives. 
• Ecosystem (20.5%): For growth, partnerships, and incentive campaigns. 
• Liquidity Campaigns (0.5%): Short-term rewards for user contributions. 
• Investors & Advisors (23.5%): Allocated to strategic partners and advisors. 
• Foundation Treasury (25%): For long-term sustainability and operations. 
• Core Contributors (15%): For the team actively developing the project. 
• Protocol Development (5%): Infrastructure, security, and updates. 
• Liquidity (3%): For exchange listings and trading pairs. 

Roadmap 

XOCIETY is set to evolve through a phased roadmap across 2024 and 2025: 

2024 Q3: 

• Mainnet launch 
• Initial NFT collections 
• Token distribution and game rewards 

2024 Q4: 

• Community governance initiation 
• Advanced gamification features 
• First DEX listings 

2025 Q1: 

• DeFi integrations (staking, farming, etc.)
• Mobile app beta release
• New game modules and social missions

2025 Q2: 

• Global partnerships 
• Launch of the main NFT marketplace 
• Transition to full-scale DAO governance 

Investors, Partners & Community 

Backed by strategic investors, an experienced development team, and a growing community, XOCIETY thrives on transparency and regular communication. 

The project has secured $7.5 million in a single seed round with backing from: 

• Hashed – Leading South Korea-based blockchain fund 
• Sui Foundation – Institutional support for the Sui Network 
• The Spartan Group – Crypto strategic investors 
• KRAFTON – The company behind PUBG 
• Other investors: Big Brain Holdings, Taisu Ventures, Mozaik Capital, LiquidX, A41, Neoclassic Capital 

XOCIETY’s Vision & Background 

Supported by top-tier investors like Hashed, Spartan, KRAFTON, and Sui, XOCIETY is positioned as the flagship gaming project on the Sui network. 

Set in a deep sci-fi universe, XOCIETY aims to redefine traditional gaming by offering players not just a game, but economic power and governance. 

Corporate Share System – Player Empowerment 

• With XOCIETY’s revolutionary “Corporate Share” system, players can: 
• Influence key game elements, from tournament modes to in-game assets 
• Participate in decision-making that shapes the virtual world 
• Earn economic rewards for their contributions 

Who Is Developing It? 

XOCIETY is being developed by a 36-member senior team with over 10 years of experience in AAA game studios like NCSOFT, Nexon, and KRAFTON/PUBG. This ensures both high-quality game design and innovative Web3 integration. 

XOCIETY Team 

At the core of XOCIETY is Team NDUS – a group of seasoned developers transitioning from Web2 to Web3, bringing expertise from mobile and desktop gaming startups to create a robust technical and game design foundation. 

Official Links and Social Media 

Web: xociety.io
Twitter: @xocietyofficial
YouTube: XOCIETY OFFICIAL
Discord

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FRAG token, as part of the Fragmetric protocol, leverages Solana-based Liquid Restaking Token (LRT) technology, securing an important position within the blockchain ecosystem. With its upcoming listing on the BackPack exchange, its liquidity will increase, enabling it to reach a broader audience. Additionally, it is an innovative cryptocurrency supported by governance mechanisms that allow users to actively participate in decision-making processes, as well as liquidity and incentive systems.

Fragmetric (FRAG) token started trading on BackPack exchange on July 1, 2025 08:30 UTC. This important listing significantly increased the project’s visibility and liquidity. Fragmetric diversifies the opportunities it offers to its users. Additionally, campaigns such as Launchpool and CandyBomb continue. Users have the chance to earn a significant amount of FRAG tokens by staking BGB or FRAG. Meanwhile, $fragSOL tokens are obtained in return for staked tokens. These tokens provide broad opportunities in DeFi for liquidity provision and collateral usage. Ultimately, Fragmetric stands out in the digital asset space with multiple reward mechanisms. 

Special FRAG Rewards and Exclusive Access for Top Ranks 

Fragmetric appreciates the contribution of its users. This airdrop focuses on the highest ranks in the system, offering unique rewards. Users who complete specified tasks get a chance to share in this large reward. Here are the $FRAG token amounts set according to rank levels: 

• Challenger Level: Users in this elite group earn 4650 $FRAG tokens. This level honors those who contribute the most to the Fragmetric ecosystem. Challenger members are among the first to access special ecosystems. 
• Diamond Level: Users ranked Diamond are rewarded with 1500 $FRAG tokens. This significant amount underlines their role in the project’s growth. The Diamond level emphasizes active participation and status within the system. 
• Platinum Level: Users at the Platinum level receive 580 $FRAG tokens. This group is considered one of the pillars of the Fragmetric community. Platinum members directly influence the project’s future development. 

This reward system aims to increase users’ loyalty to the project. Moreover, top-tier users gain important rewards and direct access to key projects in the blockchain space. 

FRAG Token: A New Breath into the Digital Asset Ecosystem 

The listing of the FRAG token on major exchanges is a critical step for the project’s future. This development significantly increases the token’s liquidity and supports the overall growth of the ecosystem. Fragmetric is not just a crypto project but also a platform offering extensive opportunities in DeFi. This campaign encourages active participation from users. On the other hand, $fragSOL tokens allow trading on decentralized exchanges and contribute to liquidity pools. As a result, Fragmetric aims to open new doors in the digital asset world, offering its users unique experiences. This innovative approach lays the foundation for the project’s future success. 

What is Frag Token?

• Solana-Based: Developed on the Solana blockchain, it offers fast transaction confirmations and low fees.
• Reward and Incentive Tool: Frag tokens are distributed to encourage participation in the project through trading competitions, staking campaigns, and airdrops.
• Ecosystem Access: Token holders can gain access to exclusive projects, platforms, or communities, making Frag a key to more than just a digital asset.
• DeFi Functions: Frag tokens can be staked or used to provide liquidity in decentralized finance activities. Staked tokens often yield additional tokens (like fragSOL), which offer further advantages in the DeFi ecosystem.

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