Weekly Popular Project Updates: Grayscale DOGE ETF launching next week, Hyperliquid introducing new rise model, AaveV4 going live on Testnet, etc. (1116–1122)

1. Grayscale Dogecoin ETF has been approved and is expected to start trading on the NYSE on Monday link

Grayscale's Dogecoin ETF (GDOG) has been approved to be listed on the NYSE and is expected to start trading on Monday; its XRP spot ETF is also expected to go live on the same day, and GLNK is expected to launch next week.

2. Hyperliquid launches HIP-3 growth mode, reducing new market fees by 90% to enhance liquidity link

Hyperliquid today launched a new feature “HIP-3 Growth Mode”, allowing anyone to deploy new perpetual contract markets in a permissionless manner and enjoy ultra-low fees to enhance liquidity and attract new market makers. Under this mode, the all-in taker fee rate for new markets will be reduced by over 90%. Deployers can enable this mode for a single asset without centralized review or gatekeeping. According to the official release, the total taker fee will be reduced from the original 0.045% to 0.0045%–0.009%.

3. Aster announced the completion of the S3 phase buyback, totaling 55,720,650 ASTER links.

The perpetual contract DEX Aster has announced the completion of its S3 phase buyback, having repurchased a total of 55,720,650 ASTER, bringing the cumulative buyback amount to 155,720,656 ASTER. The platform plans to use 50% of this (approximately 77.8 million coins, accounting for about 1% of the total supply) for destruction, while the remaining 50% will be used for future airdrop incentives, with the relevant tokens locked to an airdrop-specific address. S3 airdrop inquiries will open on December 1, with a claiming period starting on December 15. The S4 buyback plan will commence on December 10, utilizing 60%-90% of phase revenue for market buybacks, with the specific wallet address to be announced.

4. Coinbase will acquire Vector fun link

Coinbase will acquire Vector fun, with the transaction amount undisclosed, expected to be completed by the end of this year. Coinbase will shut down the mobile and desktop applications of Vector fun and hire its 13 employees. Vector fun is a meme trading terminal launched by the NFT trading platform Tensor, but currently holds only about 0.5% of the market share. Coinbase plans to use this technology to expand on-chain trading capabilities within the app.

Simon Dedic, the founder of Moonrock Capital, stated in a post on X that there are signs of insider trading during Coinbase's acquisition of VECTOR. TNSR rose approximately 8 times over two days while the market was weak, and then fell about 40% on the day the news was announced, with no signs of concealment from the related accounts. He believes that the VECTOR developer Tensor and its tokens appear to remain independent of this acquisition, and speculates that Tensor will cash out a large undisclosed amount, while TNSR holders will “gain nothing,” once again reflecting the misalignment between equity and tokens.

5. Transfer 50 million repurchased MOVE tokens to Binance link

Movement has once again transferred 50 million MOVE (approximately 2.51 million USD) that was previously repurchased to Binance. Movement had earlier withdrawn 180 million MOVE from Binance to a public address for the repurchase, following a requirement for a 38 million USD buyback in March, with an average buyback price of approximately 0.21 USD. However, after the buyback was completed, the team gradually transferred the tokens back to Binance. Currently, 115 million MOVE (approximately 10.91 million USD) have flowed back to the exchange.

6. AVAX One Board Approves Buyback Plan of Up to $40 Million link

AVAX One Technology Ltd. announced that its board of directors has approved a stock repurchase program of up to $40 million, lasting for one year, which may be executed in the open market and other ways depending on market conditions, regulatory requirements, and capital allocation, and can be adjusted or terminated at any time. The company stated that it will assess further repurchase arrangements as needed. AVAX One is a company listed on NASDAQ that provides exposure related to the Avalanche (AVAX) ecosystem, with business encompassing the construction of digital asset treasury and related investments.

7. Succinct announced that its next-generation zkVM has achieved “home-level real-time proof” link

Succinct announced that its next-generation zkVM “SP1 Hypercube” has achieved “home-grade real-time proof,” capable of proving approximately 99.7% of Ethereum blocks in real time with only 16 RTX 5090 graphics cards and a total capital expenditure (CAPEX) of less than $100,000. It optimized the arithmetic layer and removed the dependency on “proximity gap” type assumptions. Additionally, in collaboration with NethermindSec, funded by the Ethereum Foundation, it became the first zkVM to complete “instruction constraint formal verification.”

8. Aave launches V4 testnet and new architecture, opens for review and launches Aave Pro preview version link

Aave announced that the V4 testnet is now live and the code is available for public review, while also releasing a new interface aimed at professional users, the Aave Pro developer preview. V4 adopts a new Hub-and-Spoke architecture to concentrate on-chain liquidity to Liquidity Hubs, improving utilization and simplifying governance; the new Risk Premium mechanism prices lending risks based on the quality of collateral assets. Aave Pro provides a more comprehensive operating interface for advanced users.

9. OpenSea has generated over $6 billion in transaction volume on NFT and Token trading since the beginning of this year link

Since the beginning of this year, OpenSea has generated over $6 billion in trading volume for NFTs and tokens, with token trading volume exceeding $4 billion, and the Base network transactions contributing about 50% of its total token trading volume. Notably, in the last week (from November 10 to 16), over 1.2 million new addresses conducted their first transactions on OpenSea, marking the third highest single week of the year, but the main activity was NFT minting.

10. Ondo Global Markets total trading volume has exceeded 1 billion USD link

Ondo Global Markets' total trading volume (CEX+DEX+Mint/Redeem) has surpassed 1 billion USD, with Mint/Redeem trading volume exceeding 450 million USD. Currently, the TVL of Ondo's tokenized assets has reached 322 million USD, among which assets with a TVL exceeding 10 million USD are all tokenized ETFs, while the highest tokenized stock is Alphabet Class A at 5.6 million USD.