Summary
The final week of November was defined by the growing momentum around Monad’s mainnet launch, with stablecoin issuers, lending protocols, and infrastructure teams rolling out major updates across Monad. Stablecoins expanded on multiple networks, new yield products went live, and cross-chain messaging infrastructure connected fresh liquidity into Monad on day one.
MegaETH’s USDm launch, Circle extending USDC to Monad, and Sky’s expansion on Solana underscored continued demand for stablecoin yield sources. On the protocol side, Spark scaled institutional savings access, Euler launched incentivized lending markets on Monad, and LayerZero opened new bridging routes from over 150 chains.
November closed with a clear shift toward deeper liquidity for cross-chain yield and broader institutional participation across new and established networks.
Stablecoin Developments
MegaETH / Ethena: MegaETH’s native stablecoin USDm, powered by Ethena Whitelabel and USDtb, launched this week alongside the MegaETH pre-deposit bridge. Deposits opened with a $250M cap, positioning USDm as one of the first major stablecoins built directly into MegaETH’s early liquidity pipeline.
Circle: USDC is now live on Monad, giving users access to the most widely used regulated stablecoin on a chain optimized for high-performance DeFi. Users can now send USDC instantly, bridge global liquidity into Monad, and use it across DeFi apps as the ecosystem continues to grow.
Sky Ecosystem: Sky continued its Solana expansion this week as yield opportunities on Kamino and Drift gained usage. Users can currently earn around 9% APY using USDs on Kamino, while Drift is paying over 4% APY on USDs. Drift’s integration with the Yield.xyz API makes it seamless for applications to surface these Solana yields without taking on additional engineering work.
Agora + Upshift: Agora launched AUSD on Monad, reaching $150M+ supply in its first week. Upshift followed with its launched of earnAUSD on Monad, a liquid yield vault built on AUSD and fully supported through the Yield.xyz API. Portal added earnAUSD support immediately through Yield’s standardized transaction flows, extending native stablecoin yield into Monad wallets from day one.
Protocol Developments
Monad: Monad’s mainnet launch, paired with MON’s listing on Coinbase, brought immediate activity as Yield.xyz enabled staking and native yield access from day one. Support now includes MON staking across more than a dozen validators and integrated access to Monad-native DeFi such as earnAUSD and Euler, all available through the Yield.xyz API.
Spark: Spark Savings V2 crossed $300M in TVL, reflecting steady demand from users seeking institutional-grade, noncustodial access to stablecoin yields. Caps were raised across core markets, bringing USDC and USDT limits to $500M and expanding ETH capacity to 100,000 ETH as the product continues to attract large-scale investors.
Euler: Euler went live on Monad on November 27th with MON incentives directed toward USDC, USDT, and AUSD lending markets, creating a temporary window of boosted yields for early users. Builders integrating via Yield.xyz’s OAVs will be able to auto-compound these MON rewards back into the user’s deposited asset, improving net yield without adding complexity to the application experience.
LayerZero: LayerZero’s deployment on Monad connected the chain to more than 150 networks, enabling users to bridge, stake, transact, and move liquidity across a wide set of assets. Support spans AUSD, Aori, Euler assets, WBTC, weETH, and others, with simple bridging available today via Stargate Finance.
Lido Finance: Lido published its Q3 2025 validator and node operator metrics, highlighting a 9.4% increase in node operators and more than 545,000 staked ETH secured through DVT. The report also introduced new analysis on Auxiliary Proposer Mechanisms (APMs), outlining how operators are using advanced proposer techniques to optimize reliability and performance across Ethereum.
Build With Yield.xyz Today
This week underscored how quickly yield infrastructure is expanding across new networks. MegaETH, Circle, Sky, Agora, and Upshift all strengthened access to stablecoin yield, while Spark, Euler, and LayerZero broadened institutional-grade connectivity around Monad’s launch.
Yield.xyz sits at the center of these developments, offering builders a single integration for yield discovery, standardized ready-to-sign transactions, automatic incentive compounding through OAVs, and cross-chain delivery of yield opportunities. Whether you’re enabling stablecoin yields, staking, or lending markets, Yield.xyz makes it straightforward to deploy advanced yield products with minimal engineering lift.
Start building with Yield: https://docs.yield.xyz