Weekly News from Polkadot & Kusama #176
1. Mythos Chain revenue soars to near All-Time Highs
Monthly revenue on Mythos Chain is climbing back toward all-time highs, with $7.73M in revenue. And things are just getting started.
- FIFA Rivals drops June 10, bringing the world’s biggest sports brand into Web3.
- Pudgy Party, from the most beloved crypto-native IP, is coming soon after.
Both games are powered by Mythical Games and secured by Polkadot, making Mythos a true hub for high-traction Web3 gaming, with real revenue to prove it.
2. Moonbeam assets are now fully EVM-native
All Polkadot-native assets on Moonbeam are now true ERC-20s — fully EVM-native. You can interact with them seamlessly using standard Ethereum developer tools like Hardhat and Foundry.
As part of this transition, balances and token approvals have been migrated via new EVM transactions. Token spend approvals now appear directly in chain storage and will show up in block explorers as a large batch of approval transactions — this is expected behavior and not a cause for concern.
This marks the final phase of a multi-stage upgrade (RT3400 → RT3501 → RT3600), improving compatibility and enabling more streamlined asset management across Moonbeam’s EVM environment.
3. PEAQ joins Lucid Labs’ VEO platform
The PEAQ token from peaq is now live on Lucid Labs’ Vested Emission Offering (VEO) platform — a mechanism designed to provide long-term, sustainable liquidity for Web3 projects.
In the current DeFi landscape, short-term incentives dominate. Once token rewards run out, liquidity often vanishes. VEOs aim to break that cycle by offering vested tokens at a dynamically discounted price in exchange for meaningful, committed liquidity.
With this 10-day VEO, $500,000 worth of discounted PEAQ is being made available to the community. The goal: jumpstart liquidity for the Machine Economy from day one and ensure that ecosystem participants are aligned for the long haul.
Lucid Labs is pioneering this new approach to token launches — combining incentives, alignment, and capital efficiency into one offering.
4. Gavin Wood presented JAM at ETHPrague
One of the biggest names in Web3 — Dr. Gavin Wood, co-founder of Ethereum and founder of Polkadot — took the stage at ETHPrague last week.
His talk? A deep dive into JAM and CoreVM, the new evolution of Polkadot.
- JAM (Join-Accumulate Machine) merges the best of Ethereum and Polkadot into a single, coherent execution and governance model.
- It’s the next chapter in decentralized infrastructure — blending smart contracts, shared security, and true scalability.
The future is modular, and JAM is leading the way.
5. Snowbridge becomes the official bridge on StellaSwap
StellaSwap has officially integrated Snowbridge as its go-to bridge for moving ETH and wBTC to the Polkadot ecosystem. This means users can now trustlessly bridge blue-chip Ethereum assets directly into Polkadot using a native, secure path.
Snowbridge was chosen for its trustless architecture and seamless Ethereum–Polkadot connectivity. And if you need help along the way, dedicated support is available on StellaSwap’s official Discord, straight from the Snowbridge core team.
6. Unified Hydration address support leads SubWallet v1.3.39 update
SubWallet extension version 1.3.39 brings a wave of improvements to close out May:
- Unified address support for the Hydration network, improving the Polkadot user experience
2. New token support across multiple ecosystems:
→ On Soneium: USDT, WBTC
→ On Polkadot Asset Hub: MPC, DON, USDC-Snowbridge, USDT-Snowbridge, ETH-Snowbridge, WBTC-Snowbridge, WETH-Snowbridge
→ On BNB and Base: PARTI from the Particle Network
3. New network integrations: Xcavate and Zora
These additions further strengthen SubWallet’s role as the go-to wallet for seamless multichain access and advanced token management.
Update now: https://subwallet.app/download.html
- Support our Polkadotters 🦐 Shrimp, 🐙 Octopus, 🐬 Dolphin & 🦈Shark validators on Polkadot and be a part of a more secure Web3 future
- Enhance Polkadot’s governance process by delegating your DOT or KSM to POLKADOTTERS, dedicated community supporters within the Polkadot ecosystem, enabling seamless participation in on-chain governance through Nova wallet or Polkadot Delegation Dashboard
