Web3 Industry Weekly Report: Highlights from Week 4 of August 2025
Technology Headlines
1. Modular Network SpireLab Launches Pylon Coordinator for Cross-Chain Synchronization and Composability Based on Application Chains
Spire Labs has launched the Pylon Coordinator, which allows multiple chain nodes to operate within a synchronized zone, including underlying L2 and application chains. Pylon can intercept transactions and detect cross-chain calls. This release supports synchronous reading in production environments, with future versions planning to support synchronous writing, making cross-chain applications nearly indistinguishable from single-chain applications. Spire stated that application chains are suitable for projects that wish to achieve customization, scalability, and sovereignty through independent chains while maintaining composability with large general-purpose chains in terms of liquidity, distribution, and infrastructure. Currently, this solution has received feedback and support from projects such as Base, ZKsync, Celo, AltLayer, and Caldera.
https://x.com/Spire_Labs/status/1957804832276038080
2. Abu Dhabi ADI Foundation Announces Launch of EVM L2 Blockchain ADI Chain Public Testnet
The Abu Dhabi-based nonprofit organization ADI Foundation has announced the launch of the public testnet for the EVM L2 blockchain ADI Chain, aiming to release real-time intelligence, dynamic network adaptation, and efficiency through the use of AI-assisted protocols with GPU acceleration, providing sustainable high throughput with low transaction fees. It is expected to be integrated into a Dirham-backed stablecoin project co-developed with the UAE and will be under the supervision of the Central Bank of the UAE.
3. First Listed Stablecoin Issuer Circle Announces Circle Gateway Officially Launched on Mainnet
On August 19, Circle announced that the Circle Gateway has officially launched on the mainnet, aimed at enabling a unified cross-chain balance for USDC, providing users the ability to access USDC across chains in seconds and will continue to expand to more blockchains.
https://x.com/circle/status/1957789650174484867
4. Decentralized Exchange Hyperliquid's Coinpilot Mobile Follow Trading App Announces Beta Launch
Coinpilot, a decentralized follow trading mobile app built on Hyperliquid, has officially launched its public beta. Users can copy the strategies of top traders with one click through the mobile app and follow their trades in real-time. Coinpilot claims that its closed testing phase has shown impressive results: over $10 million in trading volume within three weeks, with an average user ROI of 23.5%.
https://www.techflowpost.com/newsletter/detail_95851.html
Industry Dynamics
1. China May Allow Stablecoins Supported by RMB for the First Time to Promote Internationalization
According to Reuters, China is considering allowing stablecoins backed by the RMB for the first time to promote the internationalization of the RMB. Multiple sources have revealed that Chinese tech giants have proposed issuing stablecoins tied to offshore RMB in Hong Kong to regulatory authorities. Shanghai regulators are actively studying policy responses to stablecoins, despite mainland China having banned cryptocurrency trading since 2021. This move aligns with the recent statements from the People's Bank of China, where its governor publicly committed to expanding the international use of the digital RMB and called for the development of a multipolar currency system.
2. South Korea's Financial Services Commission Plans to Submit Stablecoin Regulation Bill in October
The Financial Services Commission of South Korea plans to submit a stablecoin regulation bill to the legislature in October, covering issuance, collateral management, and risk control requirements. This bill will be incorporated into the second phase of the digital asset legal framework. The four major banks in South Korea are expected to meet with Circle President Heath Tarbert next week to discuss stablecoin collaborations.
3. Wyoming Launches Innovative State-Issued Stablecoin FRNT
As a pioneer in digital financial innovation in the United States, Wyoming has been deeply engaged in the blockchain sector since 2016, establishing a leading regulatory position through 45 pieces of legislation. The Stablecoin Committee, established under the Wyoming Stablecoin Act in 2023, is advancing the stablecoin WYST's testing on multiple chains such as Ethereum and Solana to accumulate technical and operational experience. Now, the Frontier stablecoin FRNT mainnet has officially launched, leveraging previous exploratory results to make the state the first public entity in the U.S. to issue a blockchain stablecoin.
https://content.govdelivery.com/accounts/WYGOV/bulletins/3ee734a
4. S&P Dow Jones Indices Plans to Launch Tokenized Index Products in Collaboration with Exchanges and DeFi Protocols
S&P Dow Jones Indices is negotiating collaborations with major exchanges, custodians, and decentralized finance protocols to launch tokenized versions of benchmark index products. Earlier this year, they collaborated with Centrifuge to authorize the tokenization of the S&P 500 index. According to Stephanie Rowton, a director at S&P Dow Jones Indices, this move aims to establish robust infrastructure to support index tokenized trading. The plan primarily considers elements such as transparency, security, and regulatory compliance and may expand to the tokenization of other flagship indices like the Dow Jones Industrial Average.
https://cointelegraph.com/news/sp-dow-jones-tokenized-indexes-exchanges-defi
In-Depth Analysis
1. The Liquidity Dilemma of RWA: Why AMMs Can Only Be a 'Convenience Layer' Rather Than the 'Main Market'
Real-world assets (RWA) are becoming a key narrative for the mainstream adoption of Web3. However, bringing trillions of dollars of real assets on-chain is only the first step; the real challenge lies in how to build efficient and robust secondary market liquidity for them. Automated market makers (AMM), as the cornerstone of DeFi, are naturally given high expectations, but can they be directly applied to the world of RWA?
Disclaimer: The information provided in this document is based on publicly available market data and industry trends, and is for reference only. Please note that this information does not constitute any form of investment advice or recommendation, nor should it be considered as the basis for buying or selling any financial products or services. In case of any translation errors in English, inaccuracies, or situations requiring further clarification, please contact us through 'Contact Us' so that we can verify and make necessary corrections in a timely manner.
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