
WEEKLY DIGEST
$39B Tokenized RWAs, 3.6 Million Wallets; HIP-3* Allowlists on Testnet

The Euro Problem: Establishing a Viable Foundation for Euro-Backed Stablecoins
Analyzing major market events, protocol risks, and emerging trends shaping the DeFi ecosystem.

Sentora Launches Huma PST Vault on Morpho
The new Sentora vault gives allocators structured access to PST, Huma Finance's yield-bearing RWA backed by short-duration cross-border payment receivables, extending its presence on Ethereum mainnet.

The Debt Supercycle Is Here, and So Is the Opportunity It Creates
The AI debt boom is pulling capital away from other industries, raising borrowing costs for high-quality fintech and payments companies. Sentora aims to bridge that gap by using stablecoin capital to finance these overlooked borrowers while delivering higher yields to depositors.

mWIN is the first of its kind RWA featuring Wellington investment expertise, powered by Midas and Sentora
Despite rapid growth in tokenised treasuries and credit, adoption remains limited. Structural barriers still prevent RWAs from becoming a scalable source of collateral, liquidity, and market depth across DeFi today. mWIN is designed to address these challenges.

Priced Out? Lever Up! Why retail finance is converging on leverage and prediction markets
New speculation products are monetizing a risk culture that has been building for years.

The Squeezed Middle: How Crypto Exchanges are Losing Both Ends of Their Business
Exchange revenue was a leveraged bet on retail spot activity, and both of the flows that made that bet profitable have found cheaper routes. ETFs moved blue-chip accumulation into wholesale and zero-commission brokerage accounts, while DEXs and perp platforms absorbed the speculation.

Sentora Launches Huma PST Vault on Morpho
The new Sentora vault gives allocators structured access to PST, Huma Finance's yield-bearing RWA backed by short-duration cross-border payment receivables, extending its presence on Ethereum mainnet.

The Debt Supercycle Is Here, and So Is the Opportunity It Creates
The AI debt boom is pulling capital away from other industries, raising borrowing costs for high-quality fintech and payments companies. Sentora aims to bridge that gap by using stablecoin capital to finance these overlooked borrowers while delivering higher yields to depositors.

mWIN is the first of its kind RWA featuring Wellington investment expertise, powered by Midas and Sentora
Despite rapid growth in tokenised treasuries and credit, adoption remains limited. Structural barriers still prevent RWAs from becoming a scalable source of collateral, liquidity, and market depth across DeFi today. mWIN is designed to address these challenges.

Priced Out? Lever Up! Why retail finance is converging on leverage and prediction markets
New speculation products are monetizing a risk culture that has been building for years.

The Other Side of the Balance: Where Demand for EURR Must Come From
EURR has distribution. What it needs now is demand. The next challenge for Revolut is turning euro balances into productive market infrastructure through lending, settlement, and carefully governed deployment.

The Euro Problem: Establishing a Viable Foundation for Euro-Backed Stablecoins
Europe has no shortage of euro-backed tokens—it lacks reasons to hold them. This article examines why euro stablecoins remain shallow, what dollar markets got right, and how lending, collateral and liquidity could create a self-reinforcing euro market.

Sentora Launches Huma PST Vault on Morpho
The new Sentora vault gives allocators structured access to PST, Huma Finance's yield-bearing RWA backed by short-duration cross-border payment receivables, extending its presence on Ethereum mainnet.

The Debt Supercycle Is Here, and So Is the Opportunity It Creates
The AI debt boom is pulling capital away from other industries, raising borrowing costs for high-quality fintech and payments companies. Sentora aims to bridge that gap by using stablecoin capital to finance these overlooked borrowers while delivering higher yields to depositors.

mWIN is the first of its kind RWA featuring Wellington investment expertise, powered by Midas and Sentora
Despite rapid growth in tokenised treasuries and credit, adoption remains limited. Structural barriers still prevent RWAs from becoming a scalable source of collateral, liquidity, and market depth across DeFi today. mWIN is designed to address these challenges.

Priced Out? Lever Up! Why retail finance is converging on leverage and prediction markets
New speculation products are monetizing a risk culture that has been building for years.

The Squeezed Middle: How Crypto Exchanges are Losing Both Ends of Their Business
Exchange revenue was a leveraged bet on retail spot activity, and both of the flows that made that bet profitable have found cheaper routes. ETFs moved blue-chip accumulation into wholesale and zero-commission brokerage accounts, while DEXs and perp platforms absorbed the speculation.

How Vaults Are Creating New Yield Strategies: From Single-Protocol Curation to Structured Products
From simple earn vaults to multi-strategy vehicles to the synthetic dollars and tokenized-asset products built on them, a tour of how DeFi vaults work in production.
Exploring key concepts, market dynamics, and emerging trends to build deeper knowledge of the DeFi ecosystem.

How Onchain Lending Markets Set Interest Rates: Utilization Curves and Rate Regimes
LEARN

The Onchain Financial Stack: Settlement, Execution, and Application Layers
LEARN

Decentralized Finance for Financial Institutions: A Structural Guide
LEARN

Asset Risk Management for Digital Asset Balance Sheets
LEARN

Tokenized Gold: How It Works and Why It Became the Second-Largest RWA Category
LEARN

Why Tokenized Treasuries and Bonds Are Institutions' Favourite RWA
LEARN

Tokenized Securities: What Changes Legally, Operationally, and Economically
LEARN

How Onchain Lending Markets Set Interest Rates: Utilization Curves and Rate Regimes
LEARN

The Onchain Financial Stack: Settlement, Execution, and Application Layers
LEARN

Decentralized Finance for Financial Institutions: A Structural Guide
LEARN

Asset Risk Management for Digital Asset Balance Sheets
LEARN

How Onchain Lending Markets Set Interest Rates: Utilization Curves and Rate Regimes
LEARN

The Onchain Financial Stack: Settlement, Execution, and Application Layers
LEARN

Decentralized Finance for Financial Institutions: A Structural Guide
LEARN

Asset Risk Management for Digital Asset Balance Sheets
LEARN

Tokenized Gold: How It Works and Why It Became the Second-Largest RWA Category
LEARN

Why Tokenized Treasuries and Bonds Are Institutions' Favourite RWA
LEARN

Tokenized Securities: What Changes Legally, Operationally, and Economically
LEARN

Asset Tokenization Platforms: An Evaluation Framework for Institutions
LEARN
Learn from our newest research

Borrowed Elasticity
The elasticity gap

Vaults Are Like SPVs
The next offshore dollar system

Liberation of Money: The Dollar, Reimagined
A blueprint for rebuilding banking on programmable dollars

The DeFi Rate Stack
Interest Rate Models, Benchmarks & Capital Markets

The Smart Vault Paradigm
AI Agents, Verifiable Curation, and the Future of Modular DeFi

UPCOMING
The Path to Protected DeFi Is Here


Beyond the Wrapper: What Tokenized Assets Do Next


How Fintechs and Institutions Are Moving Onchain


When Crypto Markets Break: Modeling Tail Risk in DeFi


DeFi Security in the Age of AI
Highly curated interactive research dashboards that provide insights about the latest trends in the DeFi space.

Stablecoins Insights
Analyze market dynamics of leading stablecoins with on-chain data

DeFi Exploits
This dashboard analyzes key DeFi lossses, reasons, impacts, and auditors.

Flare DeFi Ecosystem
Analyze Flare's DeFi landscape, including TVL and protocol performance.

Aave v3 Across Blockchains
Aave analytics for supply and borrow TVL by token across different blockchains

Crypto Dominance
Evaluating Dominance of top protocols and tokens compared to the rest of the market

Stablecoins Insights
Analyze market dynamics of leading stablecoins with on-chain data

DeFi Exploits
This dashboard analyzes key DeFi lossses, reasons, impacts, and auditors.

Flare DeFi Ecosystem
Analyze Flare's DeFi landscape, including TVL and protocol performance.

Aave v3 Across Blockchains
Aave analytics for supply and borrow TVL by token across different blockchains
Stay Updated.
Join Our Newsletter
Crypto analysis, news and updates, right to your inbox!
Sign up here so you don't miss a single one.

Stay Updated.
Join Our Newsletter
Crypto analysis, news and updates, right to your inbox!
Sign up here so you don't miss a single one.






