Golden Web3.0 Daily | DWF Labs Plans to Enter the RWA Market

DeFi Data

1. Total Market Cap of DeFi Tokens: $106.099 billion

DeFi Total Market Cap Data Source: CoinGecko

2. Trading Volume on Decentralized Exchanges in the Past 24 Hours: $49.37 million

Trading Volume on Decentralized Exchanges in the Past 24 Hours Data Source: CoinGecko

3. Assets Locked in DeFi: $120.778 billion

Top 10 DeFi Projects by Locked Assets and Locking Volume Data Source: DefiLlama

NFT Data

1. Total Market Cap of NFTs: $9.793 billion

NFT Total Market Cap and Top 10 Projects by Market Cap Data Source: CoinMarketCap

2. 24-Hour NFT Trading Volume: $1.231 billion

NFT Total Market Cap and Top 10 Projects by Market Cap Data Source: CoinMarketCap

3. Top NFTs in the Last 24 Hours

Top 10 NFTs by Sales Increase in the Past 24 Hours Data Source: NFTGO

Headlines

DWF Labs Completes First Physical Gold Transaction, Plans to Enter RWA Market

December 22 News, DWF Labs Partner Andrei Grachev announced that DWF Labs has just completed its first physical gold transaction. It was a test transaction involving 25 kg gold bars, and everything went smoothly. DWF Labs is expanding its business scale and plans to trade physical silver, platinum, and cotton in the future, with the vision of capturing a significant share in the RWA market.

DeFi Hot Topics

1. Vitalik Buterin Suggests Embedded Wallets Should Support Connecting Existing Wallets as a Recovery Method

December 22 News, Ethereum Co-Founder Vitalik Buterin reposted that “Walletbeat currently does not include embedded wallets, but will in the future,” and expressed his desire to add a feature allowing users to connect other wallets from the start. If users use a dApp with an embedded wallet and already have an Ethereum wallet, the system should automatically set that Ethereum wallet as a recovery method.

2. Aster DEX Announces Launch of Phase 5 Token Buyback Program

Golden Finance reports that Aster DEX will launch its Phase 5 buyback program on December 23, 2025, promising to use up to 80% of the platform’s daily fees to buy back $ASTER tokens. The plan is divided into two parts: 40% of fees will be used for daily automatic buybacks, and an additional 20%-40% will be reserved as strategic buyback reserves to cope with market fluctuations.

3. Hyperliquid Clarifies False Allegations: Platform Status is Transparent and Verifiable, Gradually Moving Towards Full Decentralization and Open Source

December 22 News, Hyperliquid officially responded to a recent article containing false allegations, which claimed issues with solvency, integrity, and transparency. The response to 10 specific accusations is as follows:

• Under-collateralized by $362 million: False, the author overlooked HyperEVM USDC (parallel to Arbitrum bridge). Current USDC total is $4.351 billion.
• Manipulating trading volume via TestnetSetYesterdayUserVlm: False, it is only a testnet feature, not callable on mainnet.
• Certain users have privileges, such as fee exemptions or influence over airdrops: False, all fees, balances, and transactions are on-chain visible, with no distortion mechanisms.
• CoreWriter “God Mode” can mint tokens, transfer funds, etc.: False, it is a way to send HyperCore operations to HyperEVM smart contracts, with no such privileges.
• Governance can freeze the chain, with no rollback: Misunderstanding, freezing is used for network upgrades, similar to hard forks on other chains. During the November 2025 POPCAT event, L1 was not frozen, only the Arbitrum bridge was automatically locked as a security measure.
• A single private key can instantly set oracle prices: Misunderstanding, HIP-3 oracle is configured by the deployer, using MPC or other methods. Perpetual contracts operated by validators use weighted median prices with no delay to ensure security.
• 8 undisclosed addresses control all transaction submissions: False, some transactions are directly sent by validators, future upgrades will include MEV and censorship resistance mechanisms.
• Liquidation cartel has unfair advantages: Misunderstanding, only HLP can backstop liquidations, and deposits are permissionless. Most liquidations are handled via order books.
• Hidden lending protocols involving over $1 million: False, investment portfolio margins, lending, and HLP are publicly announced pre-alpha versions with documentation.
• ModifyNonCirculatingSupply can change token supply: False, HIP-1 token supply is fixed, this feature is only for display purposes and does not affect execution.

4. Insiders Say Polymarket Plans to Launch Its Own L2 and Migrate from Polygon

Golden Finance reports that insider @polymarketbet summarized key information recently announced by Polymarket team member Mustafa in the Discord community:

1. Polymarket plans to migrate away from Polygon and launch its own Ethereum L2 service, POLY. Launching POLY is the top priority. (Polymarket was affected by Polygon downtime on December 18.)
2. Polymarket plans to abandon all third-party providers (GoldSky, Alchemy, etc.). These guys are too bad—we will migrate as soon as possible.
3. This week, Polymarket will launch 5-minute markets.

5. Solana On-Chain Trading Volume Surpasses CEX for Three Consecutive Months

Golden Finance reports that, according to Artemis data scientist Kavilsh, Solana’s SOL-USD trading volume on-chain has exceeded the combined spot trading volume of Binance and Bybit for three consecutive months. The view is that Solana is transforming from a meme coin chain into a liquidity backbone for cryptocurrencies.