This week's important catalyst summary: The sentiment in the secondary market continues to decline, and most projects will be eliminated. New narrative projects will quickly occupy the market during the market downturn. 1/HYPE, HyperLiquid has launched HypeEVM, injecting generality and programmability into the ecosystem economy. In addition, HyperLiquid's Hyperdelta will adopt Derive's risk engine 2/M, M ^ 0 infrastructure has now been launched on Arbitrum, and this expansion utilizes Wormhole's NTT infrastructure. 3/LQTY, Liquity protocol is redeployed its v2 contract to fix issues in the stable pool. If you have opened a position in a previous deployment, please make sure to close it. 4/PYTH, Price Prophet's Pyth Network has been expanded to HyperLiquid, which sponsors data for 20 projects on the HyperLiquid VM. 5/FLUID, Fluid has launched Fluid Lite 6/FXS, Frax Finance utilizes LayerZero technology to expand cross chain services for frxUSD. 7/S, the GammaSwap protocol supports permissionless leveraged trading of any token and will be extended to Fantom's new version Sonic in the future.