Bifrost’s Total Value Locked (TVL) reached $28,335,679 in April.
Following an MMR proof replay attack on the Hyperbridge gateway contract, the Bifrost team immediately took action:
The team confirmed that all core on-chain reserves remain fully backed 1:1, and all native vTokens are secure (with the exception of mirrored assets bridged to Base, such as vDOT, which were isolated). No unauthorized minting occurred.
Core Polkadot functionalities, including staking, trading, lending, and XCM cross-chain services, remain fully operational and unaffected. The team continues to work with Hyperbridge on security assessments and will restore services once conditions are deemed safe.
In parallel, the Bifrost team introduced a new project, PROS Pixel, a fully on-chain pixel art game built on Pharos Network. Featuring a 1000×1000 canvas (1 million pixels), each interaction is recorded as an on-chain transaction, with the final buyer claiming the prize pool under the concept: “Paint pixels. Win the pot.”
On April 28, Pharos Network Pacific Era mainnet officially launched with over 50 dApps going live on day one. Faroo, powered by Bifrost infrastructure, launched as a native partner, building a Hybrid Yield framework on Pharos. This enables staked $PROS to become composable yield-bearing assets, combining network staking rewards with real-world income streams.
On April 1, the Bifrost team attended EthCC in Cannes, engaging with developers and industry participants. During a breakfast session, Founder Lurpis presented Bifrost’s latest product developments and use cases.
On April 17, Bifrost joined a RWA-focused online roundtable co-hosted by Faroo and Web3 Labs. Founder Lurpis participated alongside ecosystem leaders to discuss the evolution of real-world assets from narrative to institutional adoption, as well as the role of on-chain liquidity and infrastructure innovation.
On April 19, Bifrost traveled to Hong Kong to co-host the closed-door event “RWA: The Evolution of Global Liquidity”. Lurpis joined a panel discussion on RWA staking and on-chain liquidity reconstruction, exploring how liquid staking infrastructure can enhance capital efficiency for tokenized real-world assets and drive scalable adoption.
