Blockchain Boom: HyperEVM, Alpaca's ITN, Citrea's Mainnet & More
The crypto and blockchain sphere witnessed several significant developments recently. Hypersurface introduced HyperEVM, enabling fully on-chain covered calls with transparent strikes and stablecoin premiums. Meanwhile, Alpaca launched its Instant Tokenization Network (ITN) at the TOKEN2049 conference in Singapore, attracting over 25,000 attendees.
The ITN, an open and token-agnostic platform, mints and redeems U.S. stocks into tokenized versions 24/7. Robinhood's CEO, Vlad Tenev, hailed tokenization as a 'freight train' and hinted at real estate tokenization in the near future.
Citrea gave a sneak peek of its upcoming mainnet, aiming to unlock deep BTC liquidity and boost miner revenue streams. GEMtrust DAO introduced GEM DiCom, a gemstone-backed ERC-20 token with lab-certified assets stored in Swiss vaults.
MEXC Ventures bolstered its ENA (Ethena) stake to $30M, raising total exposure to $66M. Maelstrom Equity, a private equity arm targeting crypto and related firms, was launched by Arthur Hayes. Celo marked two milestones: XAUt0 (omnichain Tether Gold) for 150+ countries and Nightfall, EY's zero-knowledge privacy layer for auditable, private B2B payments.
Indonesia's CFX presented its 'Three-Pillar' model for tokenized real-world assets and stablecoin development.
These developments reflect the growing maturity and innovation in the blockchain and crypto space. From tokenization to privacy layers and real-world asset tokenization, the industry continues to evolve and attract significant investment.
