Alephium Reveals First Core dApp Testnet Interface

**Development Progress Across Multiple Fronts** Alephium's latest update shows steady advancement toward mainnet deployment: **Powfi Protocol** - PostHog analytics integration now live for UX optimization - Backend token handling bug identified and fixed, strengthening protocol reliability **Wallet Development** - Native swap functionality now in active development for mobile wallet - Enhanced PostHog integration for improved data collection - WebSocket implementation receiving feedback and testing - Multiple async state management bugs being addressed **Infrastructure Updates** - Alphland upgraded to Node.js v22 - Authentication and navigation issues resolved - Website homepage updated with Powfi partner announcement - Roadmap page refreshed to reflect current development status The team continues methodical progress following the bridge audit completion, with focus shifting to wallet feature expansion and stability improvements across the stack.

**The Challenge:** DeFi protocols successfully generate real value, but current architectures funnel that value away from base layer blockchains to dApps and liquidity providers above them. **Alephium's Solution:** The project introduces an "Aligned Ecosystem Loop" designed to redirect value flows back to strengthen the underlying chain infrastructure. **Why It Matters:** - Traditional DeFi enriches applications while weakening foundational networks - This creates sustainability issues for blockchain ecosystems - Powfi's approach aims to balance value distribution across all layers The article explores how DeFi's current architecture inadvertently undermines the very chains it depends on, and proposes a structural solution to align incentives throughout the ecosystem. [Read the full analysis](https://alephium.org/news/post/defi-built-a-beautiful-machine-that-sends-value-to-all-the-wrong-places/)

**Powfi's mainnet launch approaches as smart contracts complete second of three internal audits** The backend team continues rigorous testing of Powfi's smart contracts, with two of three internal auditors now approving the code. The third review stage is underway alongside fuzz testing and deep DEX analysis to identify any remaining bugs from the public testnet phase. **Key developments:** - Second internal auditor completed and approved smart contracts - Third-stage review already in progress - Intensive fuzz testing underway to catch edge cases **Alphland improvements:** - Dashboard rebuild for better AI crawling and faster response times - User and sponsor documentation being revised - Tutorial videos in production Frontend updates delayed as team returns from personal commitments. A more comprehensive report expected next week as the project nears its mainnet deployment.

Alephium continues its public testnet phase for **Powfi**, its core DeFi platform, with an active bug bounty program. **Key Points:** - Community members are encouraged to test [Powfi on testnet](https://powfi.alephium.org) and submit bug reports or improvement ideas - The most helpful submissions will receive rewards - Over 140 bug reports have already been submitted since the testnet launch - Reports can be submitted through the dedicated [Discord channel](https://discord.com/channels/747741246667227157/1471503694162952367) The campaign is part of Alephium's battle-testing phase, where the team actively refines the platform based on community feedback before mainnet deployment.

**Alephium has released its latest Core dApp Testnet update**, continuing development of their cross-chain bridge infrastructure. The update builds on previous progress outlined in "The Road to Core dApp Testnet" documentation. **All testnet updates are consolidated in a pinned thread** for easy tracking. **Key points:** - Latest testnet iteration now available for testing - Updates focus on Core dApp functionality - Documentation available for developers - Ongoing development of Ethereum-Alephium bridge capabilities The Core dApp represents Alephium's effort to enhance their lock & mint bridge system, which enables asset transfers between Ethereum and Alephium networks.