Weekly Project Updates: Linea, Arbitrum, Hyperliquid, Morph, and More

The past week brought a wave of major developments across leading blockchain ecosystems, from airdrop programs and incentive schemes to token burns and stablecoin launches.

Projects like Linea and Arbitrum unveiled large-scale incentive plans, while Morph and Jito adjusted tokenomics, and BRC20 rolled out a landmark upgrade. Here are the 10 biggest updates shaping crypto this week.

1. Linea launches airdrop check and incentive program

Linea confirmed its Token Generation Event (TGE) for September 10, with 85% of tokens allocated to the ecosystem. Ten percent will go to early users, while 75% forms the largest ecosystem fund in crypto. A 4% airdrop will reward liquidity providers. Linea also launched Ignition, distributing 1B LINEA across Etherex, Aave, and Euler using Brevis’ zk-based infrastructure.

2. ArbitrumDAO unveils $80M DeFi Renaissance Program

ArbitrumDAO launched the DeFi Renaissance Incentive Program (DRIP) with a total budget of 80M ARB. In its first quarter, up to 24M ARB will support lending platforms like Aave, Morpho, and Euler, encouraging ETH and stablecoin activity. Following the launch, stablecoin inflows on Arbitrum hit a record $33.1M, including over $10M each from USDe and syrupUSDC.

3. Tempo builds L1 for payment neutrality

Paradigm co-founder Matt Huang announced Tempo as a Layer 1 blockchain focused on payments and stablecoins. Unlike Ethereum L2s, Tempo aims for validator neutrality and independence from Ethereum’s progress. Backed by Stripe and Paradigm, the project is in private testing with partners including Visa, Deutsche Bank, Shopify, OpenAI, and Revolut. Stripe CEO Patrick Collison said Tempo targets global payments, remittances, and on-chain AI settlement.

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4. Hyperliquid plans USDH stablecoin via on-chain vote

Hyperliquid revealed plans to launch its native stablecoin USDH through an on-chain validator voting system. Teams must submit proposals with deployment addresses, and execution follows majority approval. The new system will go live after an upgrade, while trading fees on selected pairs will be reduced by 80%. The move aims to decentralize stablecoin issuance and improve platform efficiency.

5. Morph burns 220M BGB after Bitget deal

Morph confirmed the on-chain burn of 220M BGB tokens following its strategic partnership with Bitgetglobal. Another 220M BGB has been locked, with a 2% monthly unlock schedule over 50 months. The foundation also announced plans to migrate from Ethereum to the Morph chain. With BGB priced at $4.77, circulating market cap stands at $3.32B, according to CoinMarketCap data.

6. Sonic Labs governance clears U.S. market expansion

Sonic Labs passed its first governance proposal, paving the way for $S integration into traditional U.S. markets. Plans include regulated $S-tracking ETPs/ETFs, Nasdaq DAT initiatives, and a new Sonic USA entity for institutional and retail access. Custody services will be provided by BitGo. The move reflects Sonic Labs’ ambition to bridge crypto with regulated U.S. capital markets.

7. Fluid dominates Ethereum stablecoin liquidity

New research shows stablecoin liquidity dominance shifting from Curve’s historic 3pool to Fluid. During DeFi Summer, 3pool liquidity hit $6B, but projects like GHO, USDe, and sUSDe now build on Fluid. Its smart collateral and debt models attract LPs and market makers with higher returns. Fluid currently handles 90% of stablecoin trades, though analysts question whether its dominance will last long-term.

8. Jito updates JTO tokenomics with repurchase plan

Solana-based staking protocol Jito announced four updates to JTO tokenomics. These include a phased $1M buyback, approval of JIP-24 doubling DAO block engine revenue share to 6%, and launch of a Token Economics Hub for real-time data. Jito also scheduled its first token holder meeting on September 24 to review quarterly performance and discuss upcoming plans.

9. Pumpfun revises creator fee mechanism

Pumpfun rolled out its “Project Ascend” update, introducing Creator Fees V1 to better align with community ownership. Fees are now tiered by market capitalization, lowering costs for higher-value tokens on PumpSwap. The update boosts processing speed for fee applications by 10x, ensuring faster launches after community takeovers. The goal is to strengthen sustainability for creators while maintaining liquidity incentives.

10. BRC20 launches BRC2.0 with EVM support

The BRC20 protocol completed its biggest upgrade yet, introducing BRC2.0, which integrates Ethereum Virtual Machine (EVM) compatibility. Developed by Ordinals’ Best in Slot and BRC20 founder Domo, the upgrade enhances programmability while maintaining Bitcoin’s security. Activated at block height 912,690, BRC2.0 aims to offer users Ethereum-like composability, bridging Bitcoin’s security with modern DeFi functionality.

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