Each week, we’ll round up the hottest news across the DeFi ecosystem to help you keep up to speed. 

Vesper Earn just launched, a new DeFi app by the popular Vesper team. (Vesper

An index fund by crypto asset management firm Bitwise has hit the market, and CryptoPunks and Bored Apes are firmly in charge. (Bitwise

Big news for Avalanche institutional adoption: BitGo, a crypto platform that caters to Wall Street, said it would support Avalanche’s token, AVAX, and assets launched natively on its C-chain, the company said in the statement.  (The Defiant

Reddit co-founder Alexis Ohanian’s venture capital firm Seven Seven Six and Polygon Network have created a $200 million initiative to invest in social media and Web 3-based projects. (CoinDesk

The Weeknd recently celebrated a major milestone when his hit single “Blinding Lights” marked 90 weeks on Billboard’s Hot 100 chart—an all-time record. Now he’s celebrating the record with a series of limited-edition NFT collectibles released through Tom Brady’s Autograph platform and the OpenSea marketplace. (Decrypt

The market for stablecoins experienced breakneck growth in 2021, with the supply for dollar-backed cryptocurrencies surging by 388%, according to data compiled by The Block Research. (The Block

Instagram CEO Adam Mosseri confirmed over the weekend that the social media giant is working on creating features that incorporate non-fungible tokens (NFTs), while responding to a Q&A posted to Stories on his personal Instagram account. (HypeBeast

Cryptocurrency deal-making clocked in record volumes after a frenzied year for merger and acquisitions, with approximately $6.1 billion in M&A volume driven by crypto-native, finance, and technology companies. (The Block