Weekly Project Updates: Berachain PoL Officially Launches, Pumpfun Introduces PumpSwap, PancakeSwap's Trading Volume Surges, etc
1. Berachain Foundation: PoL Will Officially Launch and Governance Enters the First Stage link
The Berachain Foundation has announced that Proof — of — Liquidity (PoL) will be officially launched, governance will enter the first stage, the incentive mechanism will come into effect, and new reward vaults will be discharged. This change means that BGT holders will have more control and profit — making opportunities, and will determine the flow of incentives, supporting the incentive distribution for users, applications, and validators. The first batch of applied — for reward vaults has been evaluated and approved, and the detailed list will be announced tomorrow. The first batch of reward vaults is limited to decentralized exchanges (DEX).
It is understood that currently, Berachain achieves an annual inflation of about 10% through the issuance of BGT, and the block time is about 2 seconds. The block rewards are divided into a fixed block — base issuance (0.5 BGT, belonging to the validator’s income) and a dynamic Reward Vault issuance (floating between 1.5 and 4.5 BGT, distributed according to the proportion of BGT delegations obtained by the validator, and then the validator distributes it to the Reward Vault according to the preset proportion). At present, the average daily BGT issuance is about 150,000 BGT, of which about 15% is the validator’s block — base issuance reward, and about 85% is the Reward Vault reward.
2. TON Foundation: A Group of Renowned VCs Purchased TON Worth $400 Million from Private Investors link
The TON Foundation has announced that a group of well — known VCs have purchased $400 million worth of TON from TON’s private investors. The specific purchase price has not been disclosed. The investors include Sequoia Capital, Ribbit, Benchmark, Kingsway, Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage.
3. Pumpfun Launches PumpSwap, a Token Swap Service Based on Its Own Liquidity Pool link
Pump.fun has launched PumpSwap, a token — swapping service based on its own liquidity pools, directly competing with Solana’s existing automated market makers (AMMs). Instead of pushing popular memecoins to Raydium, it provides initial liquidity internally to reduce costs and adjust the revenue model. In the future, PumpSwap plans to offer revenue to token creators through a 25 — basis — point trading — fee — sharing mechanism, although the specific proportion and timing have not been disclosed.
4. PancakeSwap’s Trading Volume in Nearly 24 Hours on Friday Reached $2.542 Billion, Twice That of Uniswap link
According to DeFiLlama data, driven by the BSC Meme craze, PancakeSwap’s trading volume in the nearly 24 — hour period on Friday reached $2.542 billion, which is more than double that of Uniswap, the second — place DEX in terms of trading volume. In the past week, PancakeSwap’s trading volume increased by 73% to $15.47 billion, making it the only DEX with a weekly trading volume of over $10 billion.
5. Farcaster Announces the Launch of a New Protocol Named Snapchain link
Farcaster has officially announced the launch of a new protocol named Snapchain, along with the “Airdrop Offers” incentive program to reward users for their active behavior on the platform. Farcaster was founded by former Coinbase employees Varun Srinivasan and Dan Romero, and has previously completed a $150 — million financing round, with investors including Paradigm, a16z Crypto, Haun Ventures, USV, Variant, and Standard Crypto.
6. The First Season of Backpack Exchange’s Points Program Officially Kicks Off link
Backpack Exchange has announced the launch of Season 1 of its points program. Points will be distributed based on users’ weekly activity on the platform and settled every Friday, with the statistical period ending at 00:00 UTC on Thursday. The points rules will be continuously adjusted and kept confidential. Users’ levels will be divided according to their total points rankings. The official also said that a snapshot of historical users was taken on March 20, and retroactive point rewards were given to 470,000 old users.
7. Four Meme Tokens Were Exploited by Attackers Who Stole Liquidity Using Vulnerabilities Before the Token Launch link
The attacker purchased a small number of tokens through the 0x7f79f6df function of Four.Meme before the token launch and used this function to send the tokens to a non — existent PancakeSwap trading pair address. This enabled the attacker to create a trading pair and add liquidity without transferring the unlaunched tokens, bypassing the transfer restrictions (MODE_TRANSFER_RESTRICTED) before the Four.Meme token launch. Eventually, the attacker added liquidity at an unexpected price and successfully stole the liquidity of the fund pool. Four.Meme tweeted that it was under attack, suspended the launch function, and started an emergency investigation. It will compensate the affected users. The Four.Meme hacker has stolen about 200 BNBs (worth about $130,000) and transferred the funds to FixedFloat.
8. Infini Accuses Its Engineer of Being a Compulsive Gambler and Suspects Him of Stealing $50 Million link
Litigation documents state that Infini Labs and BP Singapore jointly developed a smart contract for managing the company’s and customers’ funds, which was primarily written by the first defendant, Chen Shanxuan, who works remotely from Foshan, Guangdong. The contract originally had multi — signature permissions to strictly control any fund transfers. When the contract was launched on the mainnet, the first defendant allegedly retained the “super admin” highest permission but lied to other team members that the permission had been “transferred” or “removed”. According to the affidavit, the first defendant has a serious gambling habit and may have incurred huge debts as a result. This may have prompted him to steal the assets involved (worth approximately 49,516,662.977 USDC) to relieve his debt.
9. DeSci Tokens Surged Sharply at the End of 2024 and Then Declined by More Than 74% in 2025 link
According to Nansen’s research, DeSci tokens saw a significant increase in late 2024 and then dropped by more than 74% in 2025. Some DeSci tokens are of a meme nature, but a few such as VitaDAO, Pump Science, HairDAO, and YesNoError are driving changes in this field. DeSci is still an experimental field, and a project is needed to prove the effectiveness of its model.
10. Binance Launchpool Launches the 65th Project Nillion (NIL) link
Binance Launchpool has introduced its 65th project, Nillion (NIL). Nillion is a decentralized network that utilizes blind computing technology to achieve privacy — preserving data processing and storage.
Starting from 08:00 on March 21, 2025 (UTC+8), users can lock their BNB, FDUSD, and USDC to participate in the three — day NIL airdrop. The total reward amount is 35 million NIL, accounting for 3.5% of the total supply of 1 billion NIL. NIL will be listed on Binance at 21:00 on March 24, 2025 (UTC+8). The initial circulating supply is 195.15 million NIL, which is 19.52% of the total supply. The total supply has no upper limit, and the annual inflation rate is 1%, subject to the governance mechanism adjustment. Users are required to complete KYC verification.
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