Conduit Newsletter

Conduit Newsletter, July 2025: New Chains, Partnerships, and Stablecoin Research

The last month has been full of industry-shifting announcements, new launches, and big wins for Conduit customers. Let’s dive in.

Henry Updegrave

Henry Updegrave

— 3 min read
Conduit Newsletter, July 2025: New Chains, Partnerships, and Stablecoin Research

The last month has been full of industry-shifting announcements, new launches, and big wins for Conduit customers. Let’s dive in.

New Conduit chains and partners

Katana mainnet launches: $300M TVL and counting

Katana is now on mainnet! Katana is powered by Conduit and is the first chain built on Agglayer CDK OP Stack. We worked closely with the Katana team to optimize the chain for never-before-seen yield generation mechanisms that constantly recycle cash back into the network.

Ethereal testnet live: The DEX L3 on Converge

Ethereal is a DEX powered by an Arbitrum L3, settling on the upcoming Converge blockchain – and its testnet is live and open for business. Ethereal is one of many tools coming to Converge to help tradfi and crypto-natives alike combine institutional-grade RWAs with onchain yield opportunities..

Zama public testnet live: Privacy is coming onchain

Our friends at Zama opened their public testnet. Zama uses cutting edge FHE technology to make onchain activity private, but still verifiable. This isn’t just about financial privacy – FHEs can also power cutting edge AI products permissionlessly.

Those aren’t the only Conduit chains and partnerships to go live last month.

  • Forknet announced its public testnet. Built by Neurochain, Forknet hosts a DeFi ecosystem for users to get more out of the tokens they earn by selling compute on the Neurochain marketplace.
  • Aergo launched the public testnet for its new HPP chain. HPP puts AI-native developer tooling onchain, democratizing access and laying the groundwork for new kinds of applications. 
  • We announced our partnership with Agora! Most stablecoin issuers keep the yield the underlying dollars generate. Agora shares that yield with chain operators and users, turning your AUSD stablecoin TVL into a sustainable source of revenue.

Conduit at EthCC

It was an action-packed week in Cannes. Our founder Andrew Huang joined leaders from Offchain Labs, DIA, and Symbiotic to talk about why teams like Converge, Robinhood, and others are building their own chains to host sophisticated, profitable apps.

Conduit research and content

Stablecoins and rollups by the numbers

Which chains have the most stablecoin TVL? What stablecoin issuers dominate the rollup ecosystem? Does stablecoin TVL influence transaction volume? We answer all this and more in our new research on stablecoins and L2s.

Custom gas tokens: The guide

Our latest guide breaks down everything chain operators need to know about custom gas tokens: why they can be beneficial, when you should use them, how to implement, and more.

Interoperability on Agglayer: Your chain's growth catalyst

When you launch a chain on Agglayer CDK, you don't just get a rollup — you get built-in connectivity to all other Agglayer chains, so that all their users can become your users too. We explain how in this blog.

See you next month! If you want to learn more about Conduit, you can: