Ecosystem Spotlight: July Highlights
July on Arbitrum was peak Everywhere with DeFi adoption accelerating.
Catch up on what’s moving:
1. USD.AI Crosses $50M TVL
DeFi meets DePIN as USD.AI powers capital-efficient financing for real-world infra from GPUs to solar arrays.
Its sUSDai–USDC Curve pool is now Arbitrum’s second largest, backing projects like Aethir, Akash, Glow, and DAWN.
2. Variational’s Omni Hits $1B in Volume
From $0 to $500M in five months, then to $1B in just two weeks. Omni is redefining onchain perps with 3 bps BTC spreads, zero trading fees, and deep aggregated liquidity, outmatching even CEXs.
3. Rho Brings Onchain Interest Rate Derivatives
Rho is unlocking a new class of DeFi-native products with Funding Rate Futures and ETH staking yield. In the past 3 months alone, Rho processed $4.5B in volume, pushing its total above $18B.
4. Nerite Launches USND
Nerite has launched USND, a yield-bearing stablecoin natively streamable via Superfluid. Borrowers can set their own interest rates, while protocol revenue from fees and liquidations flows entirely to users.
Since launch, USND has crossed $4.5M in TVL, with $2M+ minted on Arbitrum.
5. Kinto Rises from the Ashes with Phoenix Facility
Following an exploit via a compromised minting contract, $1.55M was drained, but Kinto’s core Arbitrum infrastructure remained secure.
Now, it’s fighting back with the launch of the Phoenix Facility on Wildcat Labs to restore liquidity and repay victims via a USDC credit line. Kinto is rebuilding stronger, ready to deliver compliant, institutional DeFi.
That’s a wrap on July. Arbitrum Everywhere