GM. The Solana Foundation launched the STRIDE program today, partnering with Asymmetric Research to provide active threat monitoring and formal verification for high-value protocols.

Meanwhile, Polygon scheduled its Giugliano hardfork for Wednesday, Phantom resolved a temporary balance display glitch, and CME Group announced Avalanche and Sui futures.

Here are the details on security programs, network upgrades, and new derivatives. 👇

Solana Foundation Launches STRIDE Program For Security

The Solana Foundation launched a security initiative called STRIDE to protect decentralized finance protocols from growing threats today. This program provides structured monitoring and evaluations for projects using a specialized framework led by Asymmetric Research.

Asymmetric Research will independently review various onchain projects and publish the final results for investors and users globally today. Protocols holding over $10 million in total value receive active threat monitoring funded directly by the foundation.

Large scale platforms exceeding $100 million in assets will gain access to formal verification tools for their smart contracts today. Founding participants like OtterSec and Neodyme joined the new Solana Incident Response Network to coordinate emergency actions.

These initiatives aim to fortify the network after several high profile exploits occurred across the ecosystem during early 2026, including Drift's $285 million exploit. However, officials noted that individual teams remain ultimately responsible for maintaining their own rigorous internal security measures.

Polygon Activates Giugliano Hardfork For Faster Finality

The Polygon Foundation confirmed that the Giugliano hardfork will activate on mainnet this Wednesday. This upgrade targets block 85,268,500 to enable faster finality for network participants. Developers aim to reduce transaction times by 2 seconds while adding fee parameters directly into the block headers for better efficiency today.

Node operators must update their software to specific versions before the scheduled activation at 2:00 p.m. UTC. This technical shift supports the Gigagas roadmap for scaling throughput across various decentralized payments and real world assets. These improvements follow several stability issues and transaction delays that occurred during the previous year.

Phantom Wallet Resolves Temporary Balance Display Outage

Phantom wallet users experienced a temporary service disruption that affected token price displays and app balances today. The technical issue prompted multiple reports of missing funds as the platform worked to fix the glitch. Developers eventually restored full functionality about 1 hour after the initial error occurred.

Phantom's mobile app team issued a statement confirming that all user assets remained safe throughout the brief system failure. Some frustrated customers called for reimbursements after being unable to sell tokens during the pricing freeze. This outage highlights the ongoing infrastructure challenges facing major self custody providers in high traffic markets.

CME Group Launches Avalanche And Sui Futures

CME Group announced that it will expand its crypto derivatives portfolio by adding Avalanche and Sui contracts. These new products are slated to begin trading on May 4 after undergoing a standard regulatory review. The exchange wants to provide professional clients with higher levels of flexibility across their liquid digital assets.

This launch precedes a major shift toward 24/7 futures and options trading scheduled for later this May. Market participants turn to these regulated Chicago venues to manage risk as daily volumes continue to rise monthly. Average daily totals for crypto assets reached nearly $8 billion in notional value earlier this year.

Data of the day

Crypto investors are currently facing lower returns as decentralized finance yields drop below traditional bank savings rates this year. Aave currently offers roughly 2.61% on stablecoin deposits while some traditional brokerages provide 3.14% on idle cash. This shift undermines the core thesis of earning higher rewards for smart contract risk.

The CoinDesk Overnight Rate shows that borrowing costs have collapsed from 35% peaks to just 3.5% today. Many protocols now rely on real world assets or private credit to stay competitive against conventional financial products. Ongoing security exploits and looming regulatory bans on passive rewards continue to pressure these onchain earnings.

More breaking news

• Jay Clayton rejected Roman Storm’s attempt to cite a civil copyright case for dismissal while prosecutors push for an October retrial date.

• Solana DEX Stabble urged liquidity providers to withdraw funds after identifying a former employee with alleged ties to North Korean hackers.

• The FDIC proposed new capital and liquidity standards for bank issued stablecoins Tuesday to implement federal oversight under the recent GENIUS Act.

• Polymarket captured 97% of onchain prediction fees following a pricing overhaul that currently generates roughly 1 million dollars in daily platform revenue.

• Kalshi signed a deal to provide Fox Corporation with real time prediction data across major news networks for political and economic storytelling.

• Binance will roll out a Spot Price Range Execution Rule on April 14 to curb extreme fills during periods of high volatility.

• Charles Schwab researchers found that even a 1% crypto allocation can materially dominate total portfolio risk due to potential 70% price swings.

For the latest updates on digital asset markets, follow us on X @Datawalletcom.

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