Huoxun Finance News, November 18th – According to the official Polygon blog, fintech company Revolut has adopted Polygon as its preferred technology stack for stablecoin transfers, payments, and transactions. As of November 2025, the transaction volume processed within the Revolut app via Polygon has exceeded $690 million. With over 65 million users in 38 countries, this integration allows opt-in users to seamlessly send and receive funds through the Polygon network without incurring high fees or being restricted by geographical location. The first phase of the collaboration between Revolut and PolygonLabs is underway.

Huoxun Finance reported on November 18th that, according to CoinDesk, the team behind the new crypto incubator Obex announced in an interview that it has raised $37 million to support the development of next-generation yield-generating stablecoins led by the FrameworkVentures, LayerZero, and Sky ecosystem. The program aims to invest in and fund projects that bring real-world asset-backed strategies to on-chain, introducing institutional-grade risk control and underwriting practices to this rapidly evolving field. Obex will become Sky's latest fund allocator, providing financial support to help projects scale from the protocol's large reserves and generate yields through strategies. The program will focus on stablecoins backed by high-quality real-world assets, with a focus on three core areas: computational credit (such as tokenized GPU infrastructure), energy assets (such as municipal-grade solar and battery deployments), and lending to large fintech companies. The incubator will provide early-stage teams with funding, technical resources, and access to Sky's infrastructure for 12-week projects. Teams that pass risk and governance reviews may be eligible for additional funding from Sky. Sky recently authorized the deployment of up to $2.5 billion in USDS to the Obex project in a governance vote.

Odaily Planet Daily reports that Drift Protocol, a decentralized exchange (DEX) specializing in perpetual contracts, has released the latest tokenomics for its governance token, DRIFT. As of November 2025, 55.6% of the total supply has entered circulation, and all major investors' lock-up periods (cliffs) have ended. Drift Protocol is preparing to launch Drift v3, the next generation of its perpetual contracts, focusing on speed and performance. Simultaneously, the community is engaged in governance discussions exploring proposals to use protocol surplus to buy back DRIFT tokens.

In the past hour, total liquidations across the network reached $20.99 million, with $1.91 million from long positions, with $19.08 million from short positions. BTC liquidation $8.17 million, ETH liquidation $6.43 million.

Huoxun Finance reported on November 18th that Balancer posted on its X platform, urging users who had funds deposited on the BEX platform during the Balancer incident to check their fund status. Currently, the vast majority of affected stablecoin funds on the BEX platform have been claimed. For Ethereum and BERA pools, recovered funds are also available for claiming. Over 90% of Ethereum funds have been claimed, but only about 40% of BERA funds have been claimed. Therefore, users who have deposited funds into these pools are advised to verify their fund status.