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blockonomi.com Pi Network Drops DEX and AMM on Testnet: Here’s What Developers Can Do Now

TLDR: Pi Network deploys DEX and AMM features on Testnet to let developers test DeFi tools with Test-Pi before Mainnet rollout. Token creation is now possible on Pi Testnet, enabling developers to build test assets while Mainnet remains restricted. Pi Wallet interface connects users to Testnet features, helping Pioneers learn DeFi functions safely with Test-Pi. [...] The post Pi Network Drops DEX and AMM on Testnet: Here’s What Developers Can Do Now appeared first on Blockonomi.

blockonomi.com Tether and Circle Are Losing Stablecoin Dominance: Here’s Why

TLDR: Tether and Circle control 86% of supply, down from 91.6% in March 2024, showing pressure from new entrants. Fintechs and exchanges are steering users into white-labeled stablecoins to capture yield lost to incumbents. DeFi projects like Hyperliquid and fintech wallets like Phantom are launching stablecoins to internalize revenue. Banks can now issue stablecoins post-GENIUS, [...] The post Tether and Circle Are Losing Stablecoin Dominance: Here’s Why appeared first on Blockonomi.