Aug 28: Euler Hits $3B in TVL While Sandbox Crashes Out

Daily Crypto News · Aug 28, 2025 · 18m

HEADLINES

Euler emerges as DeFi’s super app — TVL jumps from $189M to $2.9B in 2025, driving $6M annualized revenue and backed by 40+ audits.

Visa-backed Rain raises $58M Series B — Scaling stablecoin-powered debit/credit card infrastructure, with transaction volume up 10x this year.

Solana validators weigh Alpenglow upgrade — New consensus aims for 150ms finality, higher resilience, and efficiency under heavy activity.

The Sandbox implodes — Founders ousted, 125+ layoffs, global office closures, and $SAND down 95% with only a $100–300M treasury left.

U.S. Commerce Dept. uploads GDP data…