Babylon Labs developed a system allowing native Bitcoin to be used as collateral for borrowing assets on Ethereum. The system is trustless and locks BTC in per-user vaults using BitVM3 for smart contract verification.

BNB Chain saw record user activity with daily active addresses hitting an all-time high and successful transactions increasing by 151% in the last 30 days. The network ranked third in active wallet addresses, nearing the top spot for transactions after Solana.

Hyperliquid now allows anyone to deploy perpetual swap contracts on its platform by staking 500,000 HYPE tokens. Deployers can set parameters, oracle prices, leverage limits, and share fees up to 50% on top of the base fee rate for their contracts.

Uniswap added support for the Solana network on its web app, enabling users to trade Solana-based tokens alongside other networks. The integration was designed to be platform-agnostic, allowing for bridging, crosschain swaps, and full Uniswap Wallet support for Solana users.

In the DeFi market overview, most of the top 100 cryptocurrencies ended the week in the red. BNB Attestation Service (BAS) was the week’s biggest gainer with a 456% increase, followed by Nockchain (NOCK) with a 379% gain. Total value locked in DeFi continues to show growth.

Read more at Cointelegraph: Babylon Enables Native Bitcoin Collateral in DeFi: Finance Redefined