Dai Stablecoin price

Original title: "Base Ecological Acceleration Breakthrough: Coinbase Deep Integration + JPMorgan Chase Pilot, Which Projects Are Worth Paying Attention to?" 》 Original source: Bitpush As an Ethereum Layer2 chain fully supported by Coinbase, the ecological heat of the Base chain is quietly rising. From Coinbase's own strategic integration of Base, to testing the waters of traditional financial institutions such as JPMorgan Chase, to the continuous expansion of real-world payment scenarios, the Base chain is moving from technical infrastructure to a wider range of practical applications. This article will briefly analyze the recent important progress of the Base chain and sort out the projects with value in the current ecosystem. Coinbase's Platform Integration: Driving the mainstreaming of on-chain assets Coinbase has recently continued to push the Base Chain into its core product logic. According to Jesse, the head of Base Chain, in the future, users will be able to interact with Base Chain projects directly using their account balances in the Coinbase app, without the need for complex on-chain operations. This integration strategy has led to two significant changes: · Lower user barriers: A seamless transaction interface similar to a centralized experience makes it easier for ordinary users to access decentralized applications. · Potentially high liquidity: Once supported, the Base Chain project can quickly reach tens of millions of Coinbase users, providing an important starting ground for early adoption. In addition, Max Branzburg, head of product at Coinbase, has publicly stated that the company is planning to integrate tens of thousands of on-chain assets into the main Coinbase application to build a more complete closed loop of on-chain asset transactions. Breakthrough in the real world: Shopify opens up USDC payments In June 2025, Shopify, an e-commerce platform, announced that it would partner with Coinbase and Stripe to allow merchants to accept USDC payments on the Base chain, reaching consumers in more than 30 countries around the world. This is the first time that Base Chain has entered a mainstream payment system on a large scale, and it means that its potential influence is expanding from crypto-native users to the broader internet economy. Financial giants intervene: JPMorgan Chase pilots the issuance of "compliant stablecoins" What deserves more attention is the attitude of traditional financial institutions. J.P. Morgan recently tested the issuance of its "Deposit Token" (JPMD) on the Base Chain to represent deposits in the US dollar. These assets may be future-proof and fit into a regulatory compliance pathway. JPMD is seen as an alternative to traditional stablecoins, and if it goes well, it is likely to become an important foothold for traditional institutions such as banks, brokerages, and payment platforms to "go on-chain". In the context of the "gold master" moment of the Base chain, the potential projects in the ecosystem are also worthy of our attention. 1. Aerodrome (AERO) The core DEX on the Base chain adopts the ve(3,3) model to formulate liquidity incentives through voting and depth. With a current TVL of $990 million, it is the largest AMM protocol on the Base chain After integrating with the Coinbase App, the number of users and transactions grew further 2. Spark Protocol: A Compound-based lending platform Spark is a lending protocol initiated by members of the MakerDAO community and developed based on the Compound v3 engine, and has been officially deployed to the Base chain. Its design goal is to optimize the traditional lending model, make the strategy execution more flexible, and adapt to a variety of asset allocation needs. · More flexible interest rate mechanism: Compared with traditional compounds, Spark has an optimized interest rate model, which dynamically adjusts borrowing costs according to market changes, and better supports leveraged trading and re-pledge of stablecoin assets. · Abundant asset support: The platform supports the lending of mainstream stablecoins such as DAI and USDC, which is suitable for stable fund management needs. · TVL performance: As of June 2025, Spark has reached $410 million in total locked holdings on the Base chain, ranking among the top eco-lending platforms and one of the most robust growth protocols on the chain. 3. Stargate Finance: A cross-chain bridging hub on the Base chain Stargate is the core bridging protocol in the LayerZero ecosystem, and has been fully connected to the Base Chain, providing a secure and efficient underlying channel for inter-chain asset flows. · Seamless cross-chain functionality: Users can make one-click asset transfers between Base and main chains such as Ethereum, Arbitrum, Optimism, etc., which is suitable for DeFi users, asset arbitrageurs, and multi-chain strategy accounts. · Settlement layer status has been improved: With the gradual accumulation of stablecoins such as USDC, HUSD, DAI and other stablecoins on the Base chain, Stargate has become an important channel to support the cross-chain transfer and repatriation of these assets. · Clear ecological positioning: Stargate not only improves the external interoperability of the Base chain, but also attracts more developers to build application protocols that integrate with it. According to DefiLlama data, Stargate's TVL on the Base chain is currently stable at around $120 million, ranking among the top cross-chain protocols. 4. Moonwell: A lending protocol that focuses on user experience and security Moonwell is one of the few lending platforms on the Base chain designed with ordinary users as the core target, emphasizing security, transparency, and ease of use. · Dual security: The platform integrates Chainlink oracles with Gauntlet's risk model, which allows for timely adjustment of parameters in case of high price volatility and reduces liquidation risk. · Education-friendly design: Moonwell provides detailed user guidelines and community governance transparency to attract novice users to participate in lending and motivate users to participate in governance proposals. · Coinbase Smart Wallet integration: Recently, Moonwell has been integrated into the Coinbase Smart Wallet, which allows users to borrow and borrow directly in the Coinbase app without the need for a seed phrase, greatly reducing the barrier to entry. · Development: As of mid-June, Moonwell's TVL on the Base chain has grown steadily, currently around $64 million, with a steady overall growth trend and long-term accumulation potential. brief summary The Base Chain is evolving from a single technical infrastructure to a bridge connecting centralized exchanges, payment scenarios, traditional financial institutions, and crypto users. For ordinary investors, paying attention to the development of the Base Chain ecosystem may mean gaining a forward-looking perspective in the next round of public chain narratives or user migration trends. The projects mentioned above are at different stages of development, but they have all shown some progress in terms of community activity, technical design, or capital support. Of course, there are always risks in the crypto market, and it is advisable to do in-depth research before making a decision. Link to original article

@AskPerplexity generate a video, black background, photorealistic video. Seamless morphing timeline of money: cowrie shells → metal ingots → ancient coins → modern coins → paper banknotes → credit card swipe → smartphone QR payment → spinning Bitcoin logo → cluster of stable-coin symbols (USDC, USDT, DAI). Soft rim-light on each object, subtle whoosh between transitions. Final shot: a 10-year-old kid steps from darkness, phone screen glowing with a stable-coin balance, turns to camera and says, “The future is now".

Those who are still saying that crypto only has aircoins have long missed the main battlefield: the on-chain DeFi protocol now moves US dollar stablecoins and RWA (U.S. bonds, money market funds, and credit assets) directly to the chain, and the whole process of capital flow, mortgage, and liquidation can be checked in real time. Maker swapped more than half of its coffers for short-term Treasury yields, allowing the DAI savings rate to be fed entirely by "real-world interest rates"; BlackRock's BUIDL fund 24 × 7 circulates on-chain, with 90% collateralized by Ethena USD; JPM uses Onyx Network to make billion-dollar tokenized repositories every day, and the counterparties are Goldman Sachs and BNP; Franklin Templeton tokenized BENJI, a short-term bond fund, and connected it to Aave RWA Vault; SocGen borrowed DAI directly from Maker with EURCV collateral for financing. We have paved a new highway for global settlement and financing, and traditional big investment banks are also on board to save clearing time and reduce financing costs. Continuing to focus on the meme, what you don't see is that a more transparent and efficient financial system is already running on-chain, and the next wave of liquidity will rush directly from the dollar Treasury and on-balance sheet assets of banks. Circle, Coinbase, Fireblocks, Paxos, and Anchorage have made the four major pieces of "USD, custody, clearing, and risk control" into back-end services; BlackRock, JPM, Franklin, and SocGen put real assets directly into this backend; Payment networks at the level of Visa and Mastercard are ready to use it as a new settlement channel. The era of Aircoin is indeed noisy, but the financial infrastructure has been quietly reconstructed behind the scenes: real liquidity has begun to flow from the treasury bonds, bills, and repo markets to the chain, the settlement cost has changed from T+2 to T+0, and the compliance and transparency are higher than those of the traditional back office. The fuel for the next wave of growth is not to print new tokens, but to migrate the backend of banks that hasn't been touched for 60 years to smart contracts. The big one is coming

[Spark: When on-chain interest becomes a public asset] In the hustle and bustle of the DeFi market, where most protocols are vying for TVL, driving up yields, and engaging users with aggressive incentives, Spark is trying to do something cool, but systemic: make "interest" one of the most important public infrastructures on the chain. 1. What does Spark do? Spark is a lending protocol built around DAI and USDS, but its core is not about matching loans, but about how to organize the flow of funds on the chain: (1) You can deposit DAI or USDC to get a long-term, stable, and nearly 4.5% annualized return; (2) You can use ETH, stETH, rETH and other assets as collateral to lend USDS; (3) The system will also send part of the capital flow to protocols such as Aave to form a closed loop of income. Spark is built as an "on-chain spread bank" system - not to serve individuals, but to serve the entire stablecoin ecosystem. 2. What is so special about Spark? It's not so much another Aave as it is an extension of MakerDAO. Spark itself is managed by Sky Protocol, using Maker's DSR rates, governance framework, Oracle modules, and even a liquidation mechanism. You can think of it as: Maker is the central bank and Spark is the commercial bank. Spark is the main distribution and revenue landing tool of the stablecoin DAI. 3. Why is it worth paying attention to? Because Spark is not a question of "whether it will go up", but "whether it will be long-lasting". (1) it doesn't take off on memes, it's driven by real spreads; (2) its income is not obtained by market making, but by real lending and inter-protocol collaboration; (3) It is not designed for speculation, but to be the core circulation platform of DAI's long-term interest rate anchor. Fourth, summary If you're looking for the kind of "get in today, double tomorrow" project, Spark is clearly not for you. But if you're thinking: In the future, can the on-chain interest market be relied on by the entire Web3 like the U.S. Treasury interest rate? Then you will most likely find some structural designs in Spark's model that are worth long-term observation and study. @sparkdotfi @cookiedotfun #Spark #sparkdotfi #SparkFinance #Cookie