KEYTAKEAWAYS
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Unichain TVL hits $322.99 million, with stablecoin TVL surging 1,977% due to UNI incentives and strong demand for low-risk, high-APR pools.
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A user lost $1.43 million to phishing signatures, exposing ongoing Web3 security risks similar to previous Permit2-style attacks.
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Ripple’s RLUSD stablecoin launches on Aave V3 with $0 usage so far, but strong fundamentals hint at long-term potential in enterprise finance.
CONTENT
Unichain TVL Surpasses $300 Million
On April 22, data from DeFiLlama shows Unichain’s TVL has exceeded $300 million, currently at $322.99 million. Its stablecoin TVL reached $157.19 million, up 1,977% in the past week.
Analysis:
Stablecoins now make up 48.7% of Unichain’s TVL. The sharp increase reflects the strong impact of $5 million UNI incentives provided by Gauntlet. As Uniswap’s Ethereum Layer 2, Unichain attracts capital with 1-second block times and low gas fees. Stablecoin pools are favored for their low risk and high APR.
User Loses $1.43 Million in Phishing Signature Scam
On April 22, Scam Sniffer reported that a user lost $1.43 million worth of tokens after signing multiple phishing signatures.
Analysis:
This highlights the ongoing threat of phishing in the Web3 space. It is similar to the 2024 case where an RLB holder lost $1 million due to a fake “Uniswap Permit2” signature.
Attackers may trick users into signing fake Permit or increaseAllowance transactions. The victim likely used Ethereum, although the chain wasn’t specified.
Aave V3 Adds Ripple’s RLUSD Stablecoin
On April 22, Ripple’s RLUSD, a USD-pegged stablecoin, was added to Aave V3’s Ethereum main market, enabling lending and borrowing for institutions and DeFi users. The supply cap is $50 million, and the borrow cap is $5 million.
Currently, the market shows 0% utilization, with no lending activity and 0% interest rates. However, RLUSD already has a market cap over $293 million and $10 billion in trading volume.
Analysis:
Even with low early usage, regulatory compliance and cross-chain support position RLUSD well for future growth, especially in enterprise payments and international transfers.
Current market fear may limit short-term adoption. Further incentives or liquidity mining may help boost activity.
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