What Happened in Crypto This Week: Vitalik on Base, WLFI Burn, Uniswap Hits $1T

According to a detailed weekly report by Wu Blockchain, the past few days have been packed with ecosystem developments across major blockchain projects.

From Vitalik Buterin’s endorsement of Coinbase’s Base to Plasma’s stress tests and WLFI’s buyback, each initiative highlights how crypto innovation continues to accelerate. Here are the key updates reshaped into a wider market perspective.

Vitalik Buterin Praises Base’s Security Design

Ethereum co-founder Vitalik Buterin has thrown his weight behind Base, describing it as a model Layer 2 that manages to combine usability with Ethereum’s settlement security. He stressed that Base cannot custody funds or prevent withdrawals, putting it firmly within L2beat’s Stage 1 standards. Buterin also criticized misconceptions that downplay L2 security, emphasizing that its core function is to protect users from malicious operators.

Circle Targets Institutions with Refund Mechanism

Stablecoin issuer Circle is preparing a new feature on its Arc blockchain aimed squarely at banks and large corporations. The on-chain refund system will allow disputes to be settled via approved arbitrators while keeping assets in secure custody. By blending immediacy with compliance, Circle hopes to make digital payments more attractive for institutions wary of fraud risks.

Plasma Prepares for Mainnet Beta Stress Test

Plasma has revealed it will soon launch its Mainnet Beta, accompanied by an unprecedented liquidity trial. The team plans to bridge $1 billion in Tether from Ethereum and gradually allocate it into lending markets to assess stability. To prevent short-term shocks, Plasma will impose a temporary cooldown on withdrawals and reward loyal holders with additional XPL tokens.

Berachain Readies Bepto Hard Fork

Berachain announced its Bepto hard fork is scheduled for October 1. The main purpose is to optimize gas fees by removing the minimum gas price requirement, an adjustment designed to create a more flexible transaction cost structure. Developers expect this will make the network more appealing to both users and builders by lowering friction in day-to-day activity.

WLFI Executes Major Buyback and Burn

World Liberty Financial (WLFI) completed a significant on-chain buyback of 3.8 million tokens valued at nearly $800,000. Immediately after, the project burned a total of 6.9 million WLFI, combining both the repurchased tokens and additional supply from protocol fees. The move underscores a deflationary strategy aimed at boosting long-term scarcity while rewarding holders.

Mira Launches Tokenomics with Binance Airdrop

Mira officially unveiled its tokenomics, setting an initial circulating supply of just over 19% of its total one billion tokens. The breakdown includes allocations for staking, governance, and ecosystem reserves. Notably, Binance’s HODLer program is distributing Mira tokens via an airdrop campaign, positioning Mira as a trust layer with use cases tied to AI integration.

Fluid DEX Breaks $3.8 Billion Trading Volume

Fluid DEX reported a record $3.83 billion in daily trading activity, making up nearly 39% of all Ethereum-based decentralized exchange volume. Most of this activity came from stablecoin pairs such as USDC/USDT and USDe/USDT. The milestone puts Fluid within striking distance of Uniswap in terms of daily dominance, signaling growing competition in Ethereum’s DEX landscape.

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Avantis Expands Incentives with Season 3 Campaign

Avantis kicked off its third points campaign, pledging to distribute 40 million AVNT tokens across market makers and trading participants over the next five months. With a current valuation of $80 million, the program represents 4% of total supply and is designed to keep users engaged while supporting long-term liquidity in its ecosystem.

Aster Moves Genesis Program into Stage 3

Aster announced the conclusion of Stage 2 of its Genesis initiative and the beginning of Stage 3, which now includes spot trading volume in its reward structure. Users can continue to accumulate Rh points tied to $ASTER supply, reinforcing the project’s effort to broaden community participation and incentivize ongoing trading activity.

Uniswap Sets New Trading Records

Uniswap is on track to close Q3 2025 with its highest ever quarterly volume, already surpassing $270 billion. CEO Hayden Adams confirmed that total annual activity has broken the $1 trillion barrier for the first time in the protocol’s history. The achievement solidifies Uniswap’s dominance in DeFi, even as rivals like Fluid DEX gain momentum.

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