Ndax Weekly TL;DR Dec 29

• Aave community rejects proposal to place brand assets under DAO control
• Uniswap voters approve protocol fee activation and UNI token burn
• Trust Wallet to reimburse $7M after malicious browser extension exploit

Aave token holders voted against a governance proposal that would have transferred control of the protocol’s brand assets, including domains and naming rights, to a DAO-managed entity, with more than 55% voting against the measure. The result followed community concerns over the proposal’s timing, governance process, and broader questions about how token holders capture value and exercise power within the protocol. The vote underscored ongoing tensions at Aave — and across DeFi more broadly — around DAO effectiveness, token-based governance, and the challenges of aligning decentralized ownership with protocol identity and long-term strategy. Cointelegraph

Uniswap governance has approved a proposal to activate protocol fees and introduce a permanent UNI token burn mechanism, marking a shift in how the protocol captures value. The measure passed with more than 125 million votes in favor and minimal opposition, allowing a portion of trading fees to be redirected from liquidity providers into an on-chain system that reduces UNI supply. The plan also includes a one-time burn of 100 million UNI from the treasury, retroactively reflecting fees that could have accrued since Uniswap’s launch, and formally links protocol usage to the token’s economics for the first time. CoinDesk

Trust Wallet said it will compensate users for roughly $7 million lost in a Christmas Day attack that compromised a malicious version of its browser extension. Investigators say the exploit was prepared weeks in advance, involved a backdoor that siphoned funds and exported users’ personal data, and primarily affected desktop users running an outdated extension version. Security firms and industry analysts have raised concerns that the attack may have involved insider access, citing the attacker’s deep familiarity with the codebase and ability to push a compromised extension update. Cointelegraph

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News Nuggets

• Crypto sentiment remains in extreme fear for a second straight week Cointelegraph
• Ondo outlines plan to launch tokenized U.S. stocks and ETFs on Solana in 2026 Cointelegraph
• IMF notes stronger economic outlook for El Salvador amid ongoing bitcoin strategy CoinDesk
• What economists see ahead for the Bank of Canada in 2026 Yahoo Finance
• Pudgy Penguins showcases NFT characters on Las Vegas Sphere during holiday period Cointelegraph
• SEC charges seven entities over alleged $14 million crypto investment scam The Block
• Bitcoin and ether spot ETFs record net outflows ahead of Christmas CoinDesk

As of 12-29-2025 at 9:10 AM EST

Market Summary

• Over the past seven days, the global cryptocurrency market capitalization has decreased from CA$4.18 trillion to CA$4.04 trillion.
• Bitcoin's market dominance stands at 58.9%, while Ethereum's share is 12.0%. 

Performance

• Over the past 24 hours, the price of BTC has fluctuated between CA$119K and CA$123K registering a 3.84% change over the past week and a market cap of CA$2.4 trillion. At Ndax, the weekly movers are AVNT, which saw a 37.6% increase in the last seven days reaching a market cap of CA$445 million, and XPL, which experienced a 20% rise with a market cap of CA$454 million. (At time of writing) 
   

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In this week’s blog, we recap the major trends and events that defined crypto in 2025, including regulation, institutional activity, technology updates, and market volatility. To learn more, click here.

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