Release Date: December 29, 2025
Author: BlockBeats Editorial Team

In the past 24 hours, the crypto market has shown a parallel evolution across multiple dimensions. Mainstream topics revolve around the free front-end of Uniswap and the value return to the protocol layer, the systemic risks exposed by the Trust Wallet security incident, and the repricing expectations of the Lighter airdrop and unlock; in terms of ecological development, Solana strengthens its practicality narrative with year-end data and new applications, Ethereum explores new boundaries in content tokenization, and the competition and technological imagination in the Perp DEX track are heating up simultaneously.

I. Mainstream Topics

1. Uniswap "Unification" Proposal Officially Implemented

Uniswap has officially implemented the "Unification" proposal, completely eliminating trading fees, positive slippage fees, and other application layer charges, and instead enabling value capture through protocol fees and UNI burning.

The community generally views this as a key step for Uniswap to shift the competitive focus from "front-end experience" back to "protocol layer efficiency," but there are also voices questioning whether, with the front end being completely free, the protocol fees and token burning will be sufficient to support long-term sustainable products and ecological expansion, becoming the current focus of discussion.

2. Hyperliquid Reveals Team Token Unlock Schedule

Hyperliquid announced the unlock plan for its team token HYPE on Discord: the first batch of 1.2 million HYPE will be unlocked on January 6, 2026, followed by continuous releases on the 6th of each month.

After the unlock plan was disclosed, the community quickly shifted the discussion focus to future supply pressure and expectation management. Although the unlock time is still in 2026, some opinions suggest that long-term linear releases help reduce the risk of sudden selling pressure; there are also voices concerned about the specific use and incentive design of the team tokens, believing that transparency and execution methods will directly impact market confidence and ecological stability.

3. Flow Chain Rollback Sparks Trust and Decentralization Controversy

The Flow blockchain took rollback actions due to a security incident, sparking intense controversy.

Alex Smirnov, co-founder of the cross-chain protocol deBridge, publicly criticized that this rollback lacked sufficient coordination, and the potential economic losses could even exceed the original attack itself, calling for validators to stop activities on the rollback chain and to propose compensation plans as soon as possible. Supporters argue that rollback is one of the stop-loss measures in extreme cases. Discussions around the boundaries of decentralization and emergency governance authority continue to heat up.

4. Trust Wallet Browser Extension Attacked, Losses Approximately $7 Million

The Trust Wallet Chrome extension v2.68 was reported to have a security vulnerability, resulting in approximately $7 million in crypto assets being stolen. Trust Wallet CEO Eowyn Chen confirmed the incident and stated that a user compensation process has been initiated.

Investigations show that the attacker exploited a leaked Chrome Web Store API key to release a malicious version, thereby bypassing Trust Wallet's internal review mechanism, exposing systemic risks at the browser extension distribution level.

After the incident, some users questioned the security of the browser extension format. The majority believe that the incident exposed not just a single point of failure, but rather systemic risks in the distribution and review mechanisms of browser extensions, calling for wallet manufacturers to invest more resources in front-end security, update processes, and audit mechanisms.

5. Former Coinbase Employee in India Arrested, Sparking Compliance Discussion

A former employee of Coinbase in India was arrested on suspicion of participating in illegal activities related to crypto assets. The incident quickly raised external concerns about the compliance risks of Coinbase's operations in India.

Although the incident has not yet affected Coinbase's global core business, it has put some pressure on its brand image and regional expansion strategy.

Some opinions suggest that this incident highlights the uncertainty of the crypto regulatory environment in India, which may pose long-term constraints on foreign platforms; there are also voices directing the discussion towards the internal compliance and personnel risk control mechanisms of exchanges, believing that globalization is entering a new stage dominated by "compliance costs."

II. Mainstream Ecological Dynamics

1. Solana

Solana Year-End Review: Solana officially released its last weekly report for 2025, providing a systematic review of the ecological progress throughout the year. The review shows that Solana accelerated its expansion in 2025, launching thousands of new products and collaborative projects, achieving breakthroughs in prediction markets (Phantom, Solflare), flexible fee payments (Kora), and various tokenization asset tools. In key data, Solana's DEX trading volume exceeded $1.7 trillion for the year, ranking second globally; Solana ETF achieved net inflows for 15 consecutive days, with a cumulative scale exceeding $766 million; on-chain tokenized stock scale reached $185 million, and the network has maintained stable operation for nearly 700 days. The official also released performance expectations for 2026 of "faster and stronger," with the community generally optimistic about Solana's expansion capabilities in the next phase.

Glider Integrates Solana: DeFi automation tool Glider announced its integration with Solana, launching a gas-free, non-custodial on-chain portfolio automation product, aiming to lower the operational threshold for ordinary users to participate in DeFi. Community discussions mainly focus on the potential impact of this model on Solana's DeFi activity and the sustainability of the "gas-free" experience in terms of long-term incentives and cost structure.

Solflare Launches 0 Gas Prediction Market: Solana wallet Solflare integrates a 0 gas prediction market supported by Kalshi, allowing users to trade the outcomes of real-world events such as sports and politics directly within the wallet. The community generally believes that this feature further strengthens Solana's ecological synergy in the prediction market track while also enhancing user stickiness for the Solflare wallet.

2. Ethereum

A journalist who previously exposed a welfare scandal in Minnesota minted their content into a token through Zora and circulated it, drawing community attention. Supporters believe this is a real-world exploration of blockchain in "content monetization + press freedom"; however, there are also concerns that token price fluctuations may inversely affect the journalist's independence and professional risk boundaries. This incident is seen as a microcosm of Ethereum's content economy experiment gradually moving towards social issues.

3. Perp DEX

Lighter Airdrop Discussion Heats Up: The potential airdrop plan of the Perp DEX project Lighter has sparked intense discussions in the community. Several analysts are engaged in a game around the fairness of the airdrop, the weight of early participants, and the distribution logic. Some opinions suggest that airdrops help activate liquidity and user participation, but there are also voices questioning whether it is overly tilted towards early capital or high-frequency users.

Whales Shift Positions to LIT: On-chain data shows that some large-volume traders have begun to shift their positions from assets like HYPE to Lighter's LIT token. The community generally views this behavior as a confidence signal for Lighter's project prospects, but also warns of the short-term FOMO sentiment and volatility risks that may arise.

Founder Hints at Introducing Turing-Complete zk Circuits: Lighter founder vnovakovski hinted at the potential introduction of Turing-complete zero-knowledge circuits in the future to support more complex custom logic. The community believes that if this direction can be realized, it may open new design spaces for Perp DEX in terms of privacy, efficiency, and functional flexibility, further elevating expectations for Lighter's technical roadmap.

4. Others:

UAE Institutions Launch RWA Layer 2: Relevant institutions in the UAE announced the launch of a new RWA Layer 2 solution, focusing on optimizing the tokenization issuance, trading, and liquidity structure of real-world assets. Community discussions are centered on whether this network will attract regional institutional funds and whether it can form a differentiated positioning in the competitive L2 ecosystem.

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