According to @jessepollak on Unchained LIVE, JPMorgan has officially launched its JPMD token on the Base blockchain, marking a significant step in institutional adoption of DeFi protocols. This development introduces new liquidity pools and trading pairs, potentially increasing transaction volume on Base and impacting related DeFi tokens. Market participants should monitor Base ecosystem tokens and DeFi protocols as institutional-backed stablecoins like JPMD may drive increased participation and price volatility (Source: Unchained LIVE, June 20, 2025).