LetsBonk surpassed Pump.fun as the top Solana memecoin launchpad, generating $1.04 million in daily revenue compared to Pump.fun’s $533,412. This shift hints at a potential reshuffling in the memecoin sector, indicating the rise of Solana and a possible convergence of DeFi and TradFi in the near future.

JPMorgan’s head of blockchain payments innovation, Nelli Zaltsman, predicts a convergence between DeFi and TradFi within the next few years. The company aims to merge onchain assets with institutional-grade payments infrastructure, signaling a shift towards mass blockchain adoption and regulatory collaboration for multichain access for clients.

Projective Finance has launched a $7 million onchain lending pool for Illinois solar projects, offering DeFi investors access to government-backed infrastructure loans for renewable energy initiatives. Using blockchain technology, the platform allows transparent investments without intermediaries, providing exposure to government projects with high credit ratings and lower default risks.

OpenSea has acquired Rally, a mobile and token-focused company, to expand its services beyond NFTs and develop a mobile-friendly platform for crypto trading. The acquisition aims to offer users a new mobile experience later in 2025, with a focus on growing the onchain economy for creators and traders through token trading expertise.

Security researchers have uncovered and thwarted a $10 million DeFi backdoor exploit that targeted thousands of smart contracts for months. The attack exploited uninitialized ERC-1967 proxy contracts, allowing malicious actors to hijack contracts and inject backdoors. By discovering and securing vulnerable assets, researchers prevented potential losses in the crypto industry.

Read more at Cointelegraph: LetsBonk Overtakes Pump.fun, DeFi-TradFi Merge Looms