# Ethereum Daily ~ September 22, 2025

> Your Daily Briefing on Ethereum News.

**Published by:** [Ethereum Daily](https://paragraph.com/@ethereumdaily/)
**Published on:** 2025-09-23
**Categories:** ethereum, daily, crypto, news
**URL:** https://paragraph.com/@ethereumdaily/ethereum-daily-september-22-2025

## Content

Yesterday's 1-of-1 Ethereum Daily collectible winner is @Highplains66 🏆 Thank you for your support! 📰 HeadlinesRainbow Confirms Q4 2025 Launch of $RNBW TokenWallet app Rainbow announced its native token, stating $RNBW will launch in Q4 2025. Impact: Sets a timeline for token distribution and governance features that could deepen user engagement with Rainbow.BitMine Says It Holds 2% of Total ETH SupplyBitMine disclosed that its treasury now accounts for roughly 2% of all ETH. Impact: Continued accumulation of ETH by Digital Asset Treasury companies can encourage greater institutional adoption.Ethena Integrates USDe on BinanceEthena announced that its USDe stablecoin is now integrated on Binance and its 120 million users. Impact: Expanded exchange access can increase USDe liquidity and improve on/off-ramp options for users. 🌐 Mainnet NewsEthereum TVL Hits All-Time HighToken Terminal highlighted that aggregate Ethereum ecosystem TVL has reached a new peak. Impact: Rising TVL indicates increasing capital utilization across protocols, which can translate to higher fee revenue and developer interest. Trustless Agents (ERC-8004) Builder Call Announced@Binji_x shared that the first Builder Call for ERC-8004 “Trustless Agents” will be held tomorrow. Impact: Community coordination could accelerate standards development for agent-based interactions onchain.Vitalik Buterin Publishes Piece on “Low-Risk DeFi”Vitalik Buterin released an article arguing how lower-risk DeFi primitives strengthen Ethereum’s resilience. Impact: The framing may push builders and users toward designs that prioritize minimized risk while preserving useful financial functionality.Low-Risk DeFi Expansion Spotlighted on MainnetFollowing Vitalik's piece, Token Terminal highlighted growing activity in low-risk DeFi categories on Ethereum mainnet. Impact: If sustained, this mix shift could stabilize yield profiles and attract more conservative capital to Ethereum. Coin Center Paper Critiques AML/KYC Proposes Peter Van Valkenburgh shared Coin Center’s report arguing conventional AML/KYC approaches are ineffective and outlining a new model called the John Hancock Project. Impact: The policy proposal may inform future regulatory debates affecting wallet providers, protocols, and user privacy.All Core Devs Testing Call #54: Fusaka Devnet 5, 60M Gas Limit, Besu Capacity WatchTeams discussed progress on Fusaka Devnet 5, the proposed 60 million gas limit, and a potential capacity concern for the Besu client. Impact: Outcomes from this testing cycle will shape mainnet readiness and client performance parameters ahead of future forks. 💎 ETH NewsETH Ranks 3rd Among 2025 Tokens by Performance@tokenterminal reported that ETH ranks third in 2025 token performance, behind @maplefinance and @eulerfinance. Impact: Relative outperformance supports the thesis of ETH as a core asset even amid strong sector rotation. Digital Asset Treasuries Guest Essay PublishedVivek Raman authored a guest piece on BowTiedBull discussing digital asset treasury strategy. Impact: Guidance on treasury construction may encourage more systematic ETH allocation among operators and communities. 📱 Application NewsSky Ecosystem Activates Delayed Upgrade PenaltySky stated that the Delayed Upgrade Penalty mechanism has been turned on for token holders switching from MKR to SKY. Impact: Penalty activation can harden network reliability by encouraging timely upgrades.Syndicate’s Network Collective DUNA Goes Live with AgoraSyndicate's DUNA Network Collective went live, bringing "voting, treasury oversight, and ecosystem decision-making into the hands of token holders". Impact: New collective structures can expand onchain capital coordination for communities.SecureDApp Unveils Infrastructure Partner Initiative with KatanaSecureDApp announced a collaboration initiative with Katana to provide multiple security services. Impact: Partner ecosystems can streamline security and infra options for app teams.Daimo Adds Any-Token, Any-Chain Conversion to USDC on Celo@sodofi_ showcased a new Daimo Pay feature enabling users to convert any token across any chain to USDC on Celo. Impact: Simplified crosschain value transfer can reduce user friction and broaden app utility.Rainbow Proposes Acquisition of Clanker on BaseRainbow announced a proposal to acquire Clanker. However, Clanker has since dismissed the proposal and stated it is no longer interested in partnering with Rainbow. Impact: Integrating Base-native tooling could deepen Rainbow’s footprint across the L2 ecosystem.Giveth: TheSandboxDAO Joins Causes QF with $40k MatchGiveth said The SandboxDAO has joined the Causes Quadratic Funding round with a $40k matching pool. Impact: Added matching funds can amplify grassroots public-goods funding onchain.Phi Introduces Board Coins on Uniswapphi rolled out Board Coins tradable on Uniswap. Impact: New token mechanics can drive novel social and game-theory experiences for users.QuarkID Launches QuarkID LabQuarkID announced the debut of QuarkID Lab, which they defined as a place where orgs will be able to "explore, test, and create real use cases with decentralized digital identity". Impact: Dedicated experimentation space can accelerate identity-focused product development. 🐣 New AppsTwo New Apps Launch Across Ethereum and Top L2sThe Ethereum Daily roundup highlighted two fresh app launches spanning Ethereum and leading L2 networks. Impact: Continuous shipping underscores developer momentum and expanding consumer options. 🕊 Ethereum For GoodHow Compound and Base Helped a Family Buy a House@divine_comedian shared a personal account of using Compound Finance and Base to achieve a home purchase. Impact: Real-world outcomes illustrate how onchain finance can support tangible life goals. 🌿 Layer 2 NewsCoinbase Pushes Back on SEC’s “Sequencers as Exchanges” ViewPaul Grewal responded to the SEC’s position that centralized sequencers may qualify as exchanges. Impact: Clarifications here could affect compliance models and operator responsibilities across rollups.How an L2 Sequencer Works—ExplainedJesse Pollak expanded on the operational role and mechanics of L2 sequencers. Impact: Better public understanding can inform design choices and decentralization roadmaps.Base Hits All-Time High in Daily TransactionsBase reported a record high in daily transaction count. Impact: Throughput growth signals rising user activity and app traction on the network. Ink Onchain Activity Reaches New HighsRoutescan highlighted that Ink hit all-time highs in transactions and active addresses. Impact: Expanding address activity often precedes ecosystem growth in liquidity and builders. Ronin Weekly Revenue Peaks After L2 Plans Revealed@Ronin_Network recorded its highest weekly revenue following its announcement to become an L2, per @eeelistar. Impact: Monetization momentum may accelerate once the network transitions to rollup architecture. 📫 Bonus ContentWhy Giza Built on Ethereum@renckorzay published a thread detailing why @gizatechxyz selected @ethereum for its stack.EVM Gazette Issue #3@evmGazette released its third issue covering recent ecosystem developments.“Bring ETH Back” Podcast Series DebutsA new podcast series launched featuring members from @ssv_network, @SuccinctLabs, @0xPolygon, and @alt_layer. 🧪 Research & DevelopmentClick here for the latest Ethereum R&D updates. 🎪 EventsClick here for a rolling list of Ethereum-based events. 💼 JobsClick here for a list of new job opportunities in the Ethereum ecosystem. Thanks for Reading Ethereum DailyFor more Ethereum updates subscribe to Ethereum Daily and follow us on the social media platforms below.SubscribeTwitterFarcasterDisclosures: Ethereum Daily is an independent publication and does not offer financial or investment advice. Content may include opinions, affiliate links, or references to projects in which contributors have a financial interest. Always do your own research.

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