Overview

This report focuses on blockchain industry developments from February 10–14, 2025. Gate.io forms a multi-year partnership with F1 Red Bull Racing Team to advance blockchain’s global influence; Etherscan introduces an on-chain address credit scoring feature; Bitcoin financial service provider Fold expands its Visa partnership and launches a Bitcoin rewards card; Kamino emerges as Solana’s fastest-growing lending platform, surpassing $1 billion in lending volume; Unichain’s mainnet launch sees a 611% surge in activity; and SatLayer achieves a record-high TVL of $316 million.

Project

Gate.io Announces Multi-Year Partnership with Oracle Red Bull Racing (F1) to Promote Blockchain’s Global Influence

Gate.io has announced a strategic partnership with the Oracle Red Bull Racing team, becoming its exclusive cryptocurrency exchange partner. Starting from the 2025 season, the Gate.io brand will be featured on Red Bull’s race cars and driver gear. Red Bull Racing, renowned for its engineering excellence and data-driven decision-making, has clinched multiple world championships. At the same time, Gate.io continues to pioneer blockchain technology, emphasizing transparency and security. Having built a comprehensive blockchain ecosystem serving over 20 million users, Gate.io’s partnership with Red Bull Racing demonstrates both parties’ commitment to technological innovation and leadership. Together, they aim to explore blockchain integration with global motorsports, accelerating widespread blockchain adoption. [1]

Etherscan Launches On-Chain Address Credit Scoring Feature

Ethereum explorer Etherscan has launched a new on-chain address credit scoring feature powered by Blockchain Bureau. The system analyzes on-chain activity to assess address credit risk, assigning scores across eight levels—from “Thin File” (for addresses with insufficient on-chain data) to “Ultra Low Risk.” This tool helps users evaluate address reliability using blockchain data, strengthening transaction transparency and security. [2]

As Ethereum’s premier blockchain explorer, Etherscan continues its mission to provide transparent and efficient blockchain data services. This new feature expands beyond basic transaction history, enabling users to assess address creditworthiness and better identify potential risks.

Bitcoin Financial Services Firm Fold Expands Partnership with Visa, Launching Bitcoin Rewards Card

Bitcoin financial services company Fold has expanded its partnership with Visa, enhancing its Bitcoin rewards card program to include its current debit card and an upcoming credit card product. The collaboration uses Visa’s shared services and incentive systems to improve the rewards experience. Fold provides comprehensive Bitcoin asset management features—including Bitcoin purchases, early paycheck deposits, round-up transaction automation for Bitcoin purchases, and asset management tools. “Bitcoin is the next evolution of rewards, and this partnership with Visa strengthens our ability to deliver unmatched value to our users,“ said CEO Will Reeves. [3]

Additionally, Fold recently secured $30 million in convertible debt financing to support the ongoing development of its Bitcoin financial ecosystem.

Kamino’s Lending Volume Surpasses $1 Billion, Becoming the Fastest-Growing Lending Protocol in the Solana Ecosystem

As of February 11, 2025, Kamino, a leading lending protocol in the Solana ecosystem, has seen its active loan volume exceed $1 billion, marking an explosive 2,000% growth since January 2024. This growth rate significantly surpasses that of other major protocols, such as Aave (213%) during the same period, making Kamino one of the fastest-growing projects in the lending sector. This surge is closely tied to the high-frequency trading nature of the Solana blockchain and the active Meme token market. Kamino provides primary liquidity for popular tokens such as Dogwifhat (WIF) and attracts a large user base through its high-turnover lending model, processing over 158,000 loan transactions per day. Although the average transaction size is small, the frequency is extremely high. [4]

Unichain Mainnet Officially Launches, Activity Surges by 611%

On February 11, Uniswap Labs officially announced the launch of its Unichain Layer-2 network mainnet. During its four-month testnet phase, Unichain processed 95 million transactions and deployed over 14.7 million smart contracts—demonstrating robust technical capabilities and market appeal. After the mainnet launch, Unichain rapidly gained traction, with nearly 100 prominent crypto projects (including Uniswap, Circle, Coinbase, Lido, and Morpho) confirming their participation. This swift expansion has established Unichain as one of the most anticipated Layer-2 solutions in blockchain.

According to on-chain data analysis platform Nansen, Unichain recorded 11,900 active addresses in the past 24 hours—a 611% increase from the previous day. Transaction volume reached 261,880, representing a 163% growth. These metrics demonstrate Unichain’s rapid post-launch development and reflect the market’s strong confidence in its Layer-2 solution. [5]

SatLayer TVL Reaches $316 Million, Setting a New All-Time High

According to DefiLlama data, SatLayer’s total value locked (TVL) has surged by 1,006% in the past seven days, reaching an all-time high of $316 million. SatLayer aims to unlock Bitcoin’s potential as the world’s premier economic collateral. Through its Bitcoin Verification Services (BVS), the platform enhances the security of dApps and protocols across the cryptocurrency ecosystem. Following its February 7 partnership announcement with BeraChain, SatLayer has established multiple strategic collaborations, drawing significant investor attention. [6]

Notice
Users should exercise caution when participating, be mindful of risks, and conduct thorough research before involvement. Gate.io does not guarantee the future development of projects.


References：

1. X,https://x.com/gate_io
2. X,https://x.com/etherscan/status/1888401431641907591
3. X,https://x.com/fold_app/status/1886803247492366488
4. X,https://x.com/SolanaFloor/status/1889326789836877848
5. Uniswap,https://blog.uniswap.org/unichain-mainnet-is-here
6. Defillama,https://defillama.com/protocol/satlayer

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Disclaimer
Investing in the cryptocurrency market involves high risk, and it is recommended that users conduct independent research and fully understand the nature of the assets and products they purchase before making any investment decisions. Gate.io is not responsible for any losses or damages caused by such investment decisions.