Aave Yield Distribution Dispute, Solana Surpasses Ethereum in Revenue, What's the Overseas Crypto Community Talking About Today?
Publication Date: December 22, 2025
Author: BlockBeats Editorial Team
Over the past 24 hours, the crypto market has shown a concurrent evolution across multiple dimensions. The mainstream topics have focused on the tension between DeFi governance and privacy compliance: the dispute over Aave's yield distribution and the wallet blacklist risk triggered by Tornado Cash, with the community continuing to discuss the boundaries of power and real-world constraints. In terms of ecosystem development, Solana's annual revenue has exceeded Ethereum's for the first time, strengthening its advantage in high throughput usage and productization; in the Perp DEX race, Hyperliquid's price volatility has raised concerns about the resilience of the perpetual contract ecosystem.
I. Mainstream Topics
1. Aave Yield Distribution and Governance Boundary Dispute
The Aave community has recently engaged in intense debate around the yield distribution mechanism and brand ownership.
Stani Kulechov has made it clear that he will vote against a proposal named [ARFC] $AAVE Token Alignment, Phase 1 – Ownership Governance.
In his post, Stani emphasizes that this is not a "veto-like statement" but rather an attempt to initiate a more open discussion to realign Aave's common mission. He recalls that Aave Labs has been advancing around the original vision of ETHLend for the past eight years, aiming to make Aave a key player in the future multi-trillion-dollar global asset infrastructure. He also acknowledges that community doubts about brand ownership, protocol, and DAO relationships are not unfounded and that previous communication has been insufficient and there will be efforts to improve in the future.
However, in terms of specific positions, Stani believes that the direction of this proposal has fundamental issues: it oversimplifies complex legal, brand, and operational structures, which could slow down the progress of core products such as Aave V4, Aave App, Horizon, ultimately disadvantaging the protocol itself, the DAO, and AAVE token holders. He advocates that similar issues should be gradually addressed through multiple rounds of temperature checks and more actionable solutions, rather than through a one-time institutional adjustment.
The community's response has been visibly divided. Some members criticize Stani for having a "double standard" in governance criteria, such as not following a similar cautious process regarding CowSwap's yield distribution issue and even accusing him of "usurping protocol revenue"; while others support his deceleration of the decision-making pace, believing that multi-round discussions are conducive to long-term ecosystem health.
Overall, this controversy once again exposed a long-standing structural tension in DeFi projects: the lack of a clear consensus on the boundary between DAO governance ideals and the actual power of core developers/founders.
2. "Crypto Existentialism": A Retrospective on Empowerment Narratives
Vitalik Buterin recently made a post reexamining the "core philosophy of cryptocurrency" from a more abstract level. He quoted a user's view that "Crypto has always been constructed towards human empowerment."
Vitalik pointed out that "empowerment" is not a unique concept to cryptocurrency. Before Bitcoin and Ethereum, the German Pirate Party had already made information freedom, privacy protection, and power decentralization its core political ideology. He shared an image of the Pirate Party's "Pirate Wheel" model, where values such as "empowerment, transparency, privacy" form a mutually supportive system.
The community's responses further expanded the discussion. Some emphasized that true empowerment must be irreversible, or else it's merely a surface-level commitment. Others traced crypto back to the cypherpunk and early privacy movements, believing that the significance of blockchain lies in providing a sustainable incentive mechanism and a global execution tool for these ideas. Simultaneously, there were more technical or emotional responses, from BlockDAG, privacy tools to meme-style "Dino powerment," continuously broadening the discussion boundaries.
This topic did not reach a unified conclusion but clearly reflects a fact: in the discussions of privacy, decentralization, and individual freedom, the crypto community is still constantly questioning its "meaning of existence," and this philosophical uncertainty is continuously affecting specific technical and institutional choices.
3. Tornado Cash Blacklist Effect: The Realistic Cost of Privacy
The risk of using Tornado Cash has once again attracted attention. User milian warned that once interacting with Tornado Cash, a wallet address could be flagged by hundreds of apps and protocols, thus excluding it from the mainstream on-chain economy.
In the blacklist screenshot he shared, even popular platforms like Hyperliquid were included. This means that while Tornado Cash's anonymity holds up technically, in the real world, it can easily trigger compliance and risk control mechanisms.
The community's reactions to this were notably divided. Some criticized these "decentralized applications" for effectively taking on a regulatory role, questioning the authenticity of the decentralization narrative. Others proposed compromise solutions, such as proving funds are not related to sanctioned entities like North Korea (DPRK) through zero-knowledge proofs (e.g., on 0xbow.io) or simply switching to more thorough privacy coins like Monero.
The discussion quickly escalated to a more fundamental question: Is the blockchain's high transparency a bug or its most important feature? If dusting attacks could trigger blacklisting, do ordinary users also inadvertently bear compliance risks?
This controversy highlights the longstanding conflict between privacy and compliance, making the "blacklist mechanism" in the on-chain economy more concrete and pushing the community to call for more refined, anti-collateral damage privacy infrastructure (such as Arcium and other solutions).
4. Robinhood Accelerates Tokenization: TradFi Officially Enters L2
Robinhood has been found to have newly deployed around 500 tokenized stocks on Arbitrum, bringing its on-chain total number of stocks to 1993. This move is seen as a clear signal of the accelerated convergence of TradFi and DeFi.
According to related data from the Dune dashboard, the speed of expanding from 1000 to 2000 stocks is significantly faster than in previous stages. In community discussions, some have pointed out that the daily average trading volume of the U.S. stock market exceeds $500 billion, and once even a portion of it migrates to the chain, it will bring substantial fee income and ETH burning effects to the Ethereum ecosystem.
The overall sentiment leans towards optimism. Some see it as an early form of the "DeFi/TradFi singularity," believing that the composability and tamper-resistance of blockchain are gradually attracting traditional institutions. Others emphasize that stock tokenization and 24/7 trading mechanisms may significantly boost liquidity and inject new use cases into the Arbitrum ecosystem.
From a more macro perspective, this development is not a singular event but a continuation of the tokenization trend: traditional assets are entering the Ethereum and its L2-based financial infrastructure network at a faster pace.
II. Mainstream Ecosystem Updates
1. Solana's Annual Revenue Surpasses Ethereum for the First Time
In 2025, Solana achieved annual revenue surpassing Ethereum for the first time, seen as a significant milestone in its ecosystem's maturity.
Community-circulated data charts show that year-to-date (YTD) in 2025, Solana's protocol revenue is around $250 million, while Ethereum's is around $140 million. Looking at a longer time frame, Solana's revenue has grown from around $28 million in 2021 to $480 million in 2024; during the same period, Ethereum has dropped from around $510 million in 2021 to $142 million in 2024.
The recent discussion widely interprets this change as Solana's phased success in user adoption, on-chain activity, and DeFi usage frequency. The community sentiment is notably bullish, with many viewpoints suggesting that Solana is ready to facilitate the next round of "normie onboarding" and position itself as the preferred high-performance blockchain.
Overall, this data change strengthens Solana's competitive narrative in fee generation capability and actual network activity, potentially further attracting developers and capital to tilt towards its ecosystem.
2. "Creator ETF": A New Financial Product Imagination on Solana
The Solana community has recently engaged in discussions around "Creator ETFs." This concept refers to researchers or influential figures constructing asset baskets (such as SOL, BTC, ZEC, etc.) and making them tokenized for followers, with creators earning management fees based on AUM.
Related posts quote Akshay BD's perspective, suggesting that this may be a more sustainable evolution path for "creator coins"—no longer solely relying on narratives or sentiment but building trust through verifiable portfolio performance. For instance, the hypothetical "mert ETF" could hold assets like SOL, BTC, ZEC, HYPE, allowing users to test its asset allocation ability by purchasing shares.
On a mechanistic level, such ETFs can achieve share minting, transparent composition, and on-chain settlement through protocols (such as Symmetry.fi), seen as a new tool that combines peer-to-peer investment advice with globally verifiable funds.
The overall community feedback tends to be positive: some see it as a natural extension of the creator economy in DeFi, while others view it as a new go-to-market strategy. Despite ongoing discussions on cross-chain compatibility and asset coverage, the consensus is that Solana's low cost and high throughput provide a tangible foundation for such financial experiments.
3. Perp DEX: HYPE Breaks Below Assistance Fund Cost Base
In the perpetual contract arena, Hyperliquid's native token $HYPE has shown a crucial price signal. Its price recently dropped below the Assistance Fund's average buy-in cost (around $13.24) for the first time in eight months, briefly falling to the $20 range.
Many discussions have likened this situation to the "jelly incident" in April this year: when $HYPE briefly fell below a key cost level and swiftly rebounded, hitting new highs in the following two months. Drawing from this historical experience, the community broadly views the current range as a potential long-term accumulation window, with some users openly stating their intentions to increase positions.
Overall, this round of pullback did not significantly weaken the market's confidence in the Perp DEX track. Instead, it highlighted the psychological effect of the support fund mechanism in stabilizing expectations. Discussions suggest that with macro and liquidity conditions in sync, the perpetual contract ecosystem may still attract new capital inflows.
4. Other: Bitcoin's "Wrench Attack" Shifts from Alert to Norm
In terms of security issues, Bitcoin security researcher Jameson Lopp announced a gradual reduction in the maintenance of the "Bitcoin Wrench Attack" dossier. This dossier has long documented real-world violent incidents against Bitcoin holders (commonly known as the "$5 wrench attack").
Lopp stated that these events have evolved from early "edge cases" to "real-world issues that occur almost every few days," and maintaining them one by one is no longer newsworthy. He has transferred maintenance permissions to @beausecurity and called for community collaboration to update the information, which is still retained on GitHub.
The community's response has been generally rational. On one hand, they acknowledge the long-term educational value of this dossier, while on the other hand, they discuss the distribution differences of attacks in different countries, as well as the importance of personal protection, privacy management, and real-world security.
This change is seen as a signal that the physical security risk of Bitcoin holders is becoming normalized, and the community's focus is shifting from "alerts" to the systematic development of "response and protection tools."
You may also like

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
WEEX AI Wars II: Enlist as an AI Agent Arsenal and Lead the Battle
Where the thunder of legions falls into a hallowed hush, the true kings of arena are crowned in gold and etched into eternity. Season 1 of WEEX AI Wars has ended, leaving a battlefield of glory. Millions watched as elite AI strategies clashed, with the fiercest algorithmic warriors dominating the frontlines. The echoes of victory still reverberate. Now, the call to arms sounds once more!
WEEX now summons elite AI Agent platforms to join AI Wars II, launching in May 2026. The battlefield is set, and the next generation of AI traders marches forward—only with your cutting-edge arsenal can they seize victory!
Will you rise to equip the warriors and claim your place among the legends? Can your AI Agent technology dominate the battlefield? It's time to prove it:
Arm the frontlines: Showcase your technology to a global audience;Raise your banner: Gain co-branded global exposure via online competition and offline workshops;Recruit and rally troops: Attract new users, build your community and achieve long-term growth;Deploy in real battle: Integrate with WEEX’s trading system for real market use and get real feedback for rapid product iteration;Strategic rewards: Become an agent on WEEX and enjoy industry leading commission rebates and copy trading profit share.Join WEEX AI Wars II now to sound the charge!
Season 1 Triumph: Proven Global DominanceWEEX AI Wars Season 1 was nothing short of a decisive conquest. Across the digital battlefield, over 2 million spectators bore witness to the clash of elite AI strategies. Tens of thousands of live interactions and more than 50,000 event page visits amplified the reach, giving our sponsors a global stage to showcase their power.
Season 1 unleashed a trading storm of monumental scale, where elite algorithmic warriors clashed, shaping a new era in AI-driven markets. $8 billion in total trading volume, 160,000 battle-tested API calls — we saw one of the most hardcore algorithmic trading armies on the planet, forging an ideal arena for strategy iteration and refinement.
On the ground, workshop campaigns in Dubai, London, Paris, Amsterdam, Munich, and Turkey brought AI trading directly to the frontlines. Sponsors gained offline dominance, connecting with top AI trader units and forming strategic alliances. Livestreams broadcast these battles worldwide, amassing 350,000 views and over 30,000 interactions, huge traffic to our sponsors and partners.
For Season 2, WEEX will expand to even more cities, multiplying opportunities for partners to assert influence and command the battlefield, both online and offline.
Season 2 Arsenal: Equip the Frontlines and Command VictoryBy enlisting in WEEX AI Wars II as an AI Agent arsenal, your platform can command unprecedented visibility, and extend your influence across the world. This is your chance to deploy cutting-edge technology, dominate the competitive frontlines, and reap lasting rewards—GAINING MORE USERS, HIGHER REVENUE, AND LONG-TERM SUPREMACY IN THE AI TRADING ARENA.
Reach WEEX’s 8 million userbase and global crypto community. Unleash your potential on a global stage! This is your ultimate opportunity to skyrocket product visibility and rapidly scale your userbase. Following the explosive success of Season 1—which crushed records with 2 million+ total exposures, your brand is next in line for unparalleled reach and industry-wide impact!Test and showcase your AI Agent in real markets. Throw your AI Agents into the ultimate arena! Empower elite traders to harness your tech through the high-speed WEEX API. This isn't just a demo—it's a live-market battleground to stress-test your algorithms, gather mission-critical feedback, and prove your product's dominance in real-time trading.Gain extensive co-branded exposure and traffic support. Command the spotlight! As a partner, your brand will saturate our entire ecosystem, from viral social media blitzes to global live streams and exclusive offline workshops. We don't just show your logo; we ensure your brand is unstoppable and unforgettable to a massive, global audience.Enjoy industry leading rebates. Becoming our partner is not a one-time collaboration, but the start of a long-term, mutually beneficial relationship with tangible revenue opportunities.Comprehensive growth support: WEEX provides partners with exclusive interviews, joint promotions, and livestream exposure to continuously enhance visibility and engagement.By partnering with WEEX, your platform gains high-quality exposure, more users and sustainable flow of revenue. The Hackathon is more than a competition. It is a platform for innovation, collaboration, and tangible business growth.
Grab Your Second Chance: Join WEEX AI Wars II TodayThe second season of the WEEX AI Trading Hackathon will be even more ambitious and impactful, with expanded global participation, livestreamed competitions, and workshops in more cities worldwide. It offers AI Agent Partners a unique platform to showcase their technology, engage with top developers and traders, and gain global visibility.
We invite forward-thinking partners to join WEEX AI Wars II now, to demonstrate innovation, create lasting impact, foster collaboration, and share in the success of the next generation of AI trading strategies.
About WEEXFounded in 2018, WEEX has developed into a global crypto exchange with over 6.2 million users across more than 150 countries. The platform emphasizes security, liquidity, and usability, providing over 1,200 spot trading pairs and offering up to 400x leverage in crypto futures trading. In addition to the traditional spot and derivatives markets, WEEX is expanding rapidly in the AI era — delivering real-time AI news, empowering users with AI trading tools, and exploring innovative trade-to-earn models that make intelligent trading more accessible to everyone. Its 1,000 BTC Protection Fund further strengthens asset safety and transparency, while features such as copy trading and advanced trading tools allow users to follow professional traders and experience a more efficient, intelligent trading journey.
Follow WEEX on social mediaX: @WEEX_Official
Instagram: @WEEX Exchange
Tiktok: @weex_global
Youtube: @WEEX_Official
Discord: WEEX Community
Telegram: WeexGlobal Group

Nasdaq Enters Correction Territory | Rewire News Morning Brief

OpenAI loses to Thousnad-Question, unable to grow a checkout counter in the chatbox

One-Year Valuation Surged 140%, Who Is Signing the Check for Defense AI?

Bittensor vs. Virtuals: Two Distinct AI Flywheel Mechanisms

Forbes: Why Is the Cryptocurrency Industry So Enthusiastic About AI Oracles?

Ethereum Foundation publishes: Restructuring the division of labor between L1 and L2, jointly building the ultimate Ethereum ecosystem

