Crypto News. August 1, 2025
Vare Crypto News is live ft Cardano, CurveDAO, Pantera Capital, Subzero Labs, Rialo, Injective, Ethernia, Solayer
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DeFi
Cardano community approved a $70M funding for Input Output Engineering to advance core protocol upgrades like Ouroboros Leios (blocks for 10x+ throughput via separated data/consensus), Hydra (L2 state channels for sub-second, lowfee off-chain txns mirroring eUTxO), and Mithril (stake based certs for fast, lightweight chain verification on devices).
A CurveDAO contributor proposed pausing Curve’s Layer 2 expansion, citing just $1.5k in daily revenue across 24 networks, compared to $28k on Ethereum mainnet; however, the Curve core team rejected the idea.
Pantera Capital is leading a $20M round into Subzero Labs, creators of Rialo, blockchain aiming to power internet scale decentralized apps with Web2 like speed, using RISC-V based virtual machine for smart contract execution, and Solana VM compatibility.
Injective launched Ethernia mainnet upgrade turning it into a real time EVM chain
Solayer has launched SIP‑1, its first governance proposal, to set LAYER token PoS inflation at 8% annually with a 15% yearly reduction
