Bitcoin infrastructure company Babylon Labs has announced a breakthrough in its native Bitcoin collateral system for Ethereum DeFi platforms. Their system allows users to leverage Bitcoin as collateral for loans on the Ethereum blockchain without relying on traditional custodians or bridges. This innovation follows a release of their white paper outlining a novel Bitcoin trustless vault system using BitVM3 smart contract verification for locking BTC. Meanwhile, BNB Chain has recorded record user activity and transaction growth. Daily active addresses hit an all-time high of 3.46 million on Monday and successful transactions saw a surge of 151% over the past 30 days. This puts BNB Chain in second place for transaction volume only behind Solana. Hyperliquid, a decentralized exchange platform, has introduced a new update allowing third parties to deploy their own perpetual swap contracts, paving the way for greater market participation and increased liquidity on its platform. Hyperliquid’s HIP-3 allows anyone with 500,000 HYPE tokens to launch their own perpetual futures contracts and define associated parameters like fee structures, oracle prices, and leverage limits. Finally, Uniswap has added support for Solana, opening a new gateway for traders of Solana-based tokens within its web app. This move expands trading possibilities for the growing blockchain ecosystem.