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WingRiders reaches 62.5 million ADA ($32.6M) in TVL just a month after mainnet launch, amid market crash

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WingRiders, Cardano’s premier native automated market maker (AMM) decentralized exchange (DEX) platform, completes its first month post-mainnet launch with 62.5 million ADA in total liquidity. The DEX’s successful opening month comes on the heels of an oversubscribed seed and private-funding round, as well as a partnership with the Milkomeda Foundation to bring the USDC and USDT stablecoins, along with BTC and ETH, to the Cardano mainnet ecosystem.

While Ethereum gradually transitions from its proof-of-work mechanism to proof-of-stake, it still suffers from slow transactions, scalability problems, and other disruptions. The proof-of-stake Cardano blockchain offers blockchain developers an alternative route, and WingRiders makes it accessible for investors.

WingRiders surpassed $60 million in total value locked (TVL) in a matter of 6 days after going live on April 12, with a peak in the first month of 62.5 million ADA before the major crypto market drop. The mainnet platform launched after the WingRiders developers finalized the farming functionality, with 1.6% (1,600,000 WRT) of its native token supply allocated towards the first month of yield farming, with rewards and bonuses to be distributed. A key ecosystem first is the double yield farming feature, where liquidity providers have the possibility to gain rewards from the automated staking in the ADA containing pools and the commonly known yield farming of platform native tokens. All these gains come on top of the regular swapping fee collected in the pools. WingRiders’s DEX platform is the only one, so far, that integrates Ledger hardware wallets, directly enabling the safest possible interaction, even directly on an Android device.

WingRiders’s exchange platform leverages Cardano’s benefits to correct the issues plaguing DEXs on Ethereum. WingRiders avoids the obstacles that slow down both Ethereum-based DEXs and recent entrants into the Cardano space, such as high gas fees and failed transactions. WingRiders offers full privacy to investors and only requires users to connect a lightweight non-custodial NuFi wallet to buy and trade tokens; the entire exchange can run within a browser. Traders on WingRiders can also earn interest on crypto through staking.

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“We are more than pleased with our progress so far and look to continue the momentum as we deliver on our roadmap,” says Kaaran Kalantari, Spokesperson for WingRiders. “WingRiders has some big milestones ahead, including the integration of additional wallets and features as well as our public token sale, and we are expecting further successes as we solidify ourselves as an instrumental piece of the Cardano infrastructure.”

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Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations)

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Welcome to Blocks & Headlines, your definitive daily briefing on the latest blockchain breakthroughs, cryptocurrency developments, and Web3 innovations. In today’s edition—May 29, 2025—we explore five pivotal stories shaping the decentralized economy:

  1. FT Analysis: Crypto Regulation and Institutional Adoption
  2. Signing Day Sports Seals Deal with Blockchain Digital Infrastructure
  3. Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone
  4. Transforming Online Gaming: Blockchain’s Next Frontier
  5. Credit Unions Embrace Blockchain for Trustworthy Financial Services

This op-ed–style roundup delivers concise yet insightful coverage, critical analysis, and expert opinion on each development’s relevance within the broader blockchain and cryptocurrency ecosystem.


1. FT Analysis: Crypto Regulation and Institutional Adoption

Overview. The Financial Times reports on evolving global regulatory landscapes and their impact on institutional cryptocurrency adoption. FT highlights how major funds and asset managers navigate compliance frameworks in the US, EU, and Asia to integrate digital assets into traditional portfolios.
Source: Financial Times

Detailed Analysis. As regulators across jurisdictions craft tailored guidelines—from MiCA in Europe to the SEC’s evolving crypto classifications in the US—institutions face a balancing act between innovation and compliance:

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  • MiCA’s Market Integrity Measures: New EU rules mandate clear disclosures for stablecoin issuers and exchange operators, raising the bar for consumer protection.
  • SEC’s Custody Interpretations: Emerging guidance on digital asset custody models, including qualified custodians versus self-custody frameworks.
  • Asia’s Sandbox Approaches: Hong Kong and Singapore expand sandbox programs, offering controlled environments for DeFi and tokenization trials.

Opinion. Regulatory clarity is the linchpin for institutional inflows. While stringent frameworks may seem burdensome, they ultimately foster market confidence and prevent systemic risks. Asset managers should proactively engage with policymakers, leveraging sandbox insights to shape pragmatic, innovation-friendly regulations.


2. Signing Day Sports Seals Deal with Blockchain Digital Infrastructure

Overview. According to TradingView’s Reuters feed, Signing Day Sports has executed a definitive agreement to acquire Blockchain Digital Infrastructure, a profitable data-hosting specialist serving DeFi and NFT platforms.
Source: Reuters via TradingView

Detailed Analysis. The acquisition underscores the rising value of specialized blockchain infrastructure:

  • Scalable Data Nodes: Blockchain Digital Infrastructure operates 150+ high-throughput nodes, ensuring low-latency data delivery for real-time sports NFT drops.
  • Profitability Metrics: The company reported $32 million in EBITDA last fiscal year, highlighting sustainable revenue in a niche market.
  • Strategic Synergies: Signing Day Sports plans to integrate hosted nodes into its upcoming sports collectibles marketplace, guaranteeing seamless token minting during high-traffic events.

Opinion. In Web3, infrastructure is the invisible backbone. For NFT marketplaces and DeFi protocols, node reliability and data throughput directly impact user experience—and ultimately, revenue. This move positions Signing Day Sports to compete at scale, setting a precedent for vertical integration in blockchain hosting.


3. Vaulta & Fosun Partner to Power Hong Kong’s Blockchain Backbone

Overview. Coindesk reports that Vaulta, a leading digital asset platform, is teaming up with Fosun International to develop blockchain infrastructure for Hong Kong’s emerging crypto hub.
Source: CoinDesk

Detailed Analysis. The collaboration aims to build secure, high-performance rails for trading, custody, and tokenization:

  • Layer-1 Interoperability: Joint development of a cross-chain protocol connecting Ethereum, Binance Smart Chain, and local DLT frameworks.
  • Institutional Custody Solutions: Licensed trust entities under Fosun’s umbrella will offer insured cold-storage services for professional investors.
  • Regulatory Cooperation: Partnership includes a liaison with the Hong Kong SFC to ensure compliance with the new Virtual Assets Service Provider (VASP) regime.

Opinion. Asia remains a hotbed for blockchain innovation, but regulatory fragmentation poses hurdles. Vaulta’s alliance with Fosun exemplifies public-private synergy—combining local market expertise, financial strength, and technical know-how to anchor the city’s digital asset ambitions.


4. Transforming Online Gaming: Blockchain’s Next Frontier

Overview. TronWeekly examines how blockchain technologies—especially NFTs and decentralized marketplaces—are redefining online gaming economies.
Source: TronWeekly

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Detailed Analysis. Key trends driving gaming’s blockchain revolution:

  • Play-to-Earn Economies: Games like Axie Infinity and emergent titles use tokenized rewards and NFT-based assets to create real-world value for players.
  • Decentralized Marketplaces: Platforms such as Enjin and Immutable X offer gas-free trading environments for in-game items, enhancing liquidity.
  • Cross-Game Asset Portability: Standards like ERC-1155 enable items to move seamlessly between compatible titles, fostering interoperability.

Opinion. Gaming is blockchain’s killer app. Beyond speculative hype, tokenization can democratize game economies, allowing genuine ownership and secondary markets. Developers must, however, tackle scalability and user onboarding frictions—layer-2 solutions and intuitive wallets are essential for mass adoption.


5. Credit Unions Embrace Blockchain for Trustworthy Financial Services

Overview. AP’s business coverage highlights several US credit unions piloting blockchain-based platforms to enhance transaction transparency, reduce settlement times, and cut cross-border remittance fees.
Source: AP News

Detailed Analysis. Examples of credit union blockchain pilots:

  • Consortium-Led DLT: A consortium of midwestern credit unions uses a permissioned Hyperledger Fabric network to settle inter-credit-union payments in near real-time.
  • Remittance Solutions: Deployment of Stellar-based rails reduces remittance costs by up to 60%, benefiting diaspora communities.
  • Member Identity Management: Verifiable credential systems streamline KYC processes, reducing onboarding time from days to hours.

Opinion. As community-focused institutions, credit unions can leverage blockchain to reassert their value proposition—offering cost-effective, transparent services that rival large banks and fintechs. Success will hinge on member education and seamless integration with legacy core banking systems.


Central Themes

Today’s dispatch reveals five core themes:

  1. Regulatory Engagement: From FT’s analysis to Hong Kong’s VASP regime, clear rules underpin institutional and retail growth.
  2. Infrastructure Control: Signing Day Sports’ acquisition and Vaulta’s Fosun partnership demonstrate the premium on reliable blockchain rails.
  3. Economic Innovation: Play-to-earn gaming and credit union pilots show tokenization’s real-world impact.
  4. Interoperability Focus: Cross-chain protocols and ERC-1155 standards drive seamless Web3 experiences.
  5. Market Confidence: Institutional adoption and compliance frameworks foster long-term trust.

 


Conclusion

In today’s Blocks & Headlines, we see blockchain’s evolution from experimental playground to enterprise-grade infrastructure: regulators clarify, institutions invest, communities adopt, and developers innovate. Whether you’re tracking regulatory shifts, infrastructure deals, gaming revolutions, or financial cooperatives, the decentralized ledger continues to reshape industries.

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Join us tomorrow for Blocks & Headlines, where we continue to unpack blockchain’s latest breakthroughs—one block at a time.

 

The post Blocks & Headlines: Today in Blockchain – May 29, 2025 (Vaulta, Fosun, Signing Day Sports, Credit Unions, Gaming Innovations) appeared first on News, Events, Advertising Options.

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XDC Network Partners with Bitso Business to Power Cross-Border Payments from the U.S. to Mexico

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XBIT DEX Exchange Reshapes the Crypto Trading Ecosystem with Ethereum’s Pectra Upgrade

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