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1. Core Projects and Ecosystem Developments
Hyperliquid Sees Its First AQAv2 Reserve Revenue Distribution: According to the community and PANews, Hyperliquid is expected to receive its first AQAv2 reserve revenue distribution today (October 3). Passive income of approximately $14.5 million to $20 million generated from the USDC reserves will flow into the Assistance Fund, mainly used to buy back HYPE tokens.
Cronos Community Proposal Vote: The Cronos community completed today’s vote on a proposal related to “using product revenue to repurchase and burn CRO.” This initiative aims to further optimize the tokenomics model and strengthen deflationary expectations.
2. Near-Term Industry Outlook
Ethena (ENA) Large Unlock Approaching: The market is noting that about 3.03 billion ENA held by StablecoinX is expected to undergo permanent unlocking on October 4 immediately afterward. The industry is closely watching the potential impact on market liquidity.
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