Reports & Insights
Articles, monthly reports, case studies, and research shaping onchain asset management.
The State of Lending on Ethereum — June 2026
Aave V3 grew $845 million in June while its USDC book contracted. The paradox of consolidation under yield compression.
The State of Lending on Ethereum — June 2026
Aave V3 grew $845 million in June while its USDC book contracted. The paradox of consolidation under yield compression.
The State of Lending on Sui — May and June 2026
Borrowers left in May. Suppliers left in June. Two months of Sui lending data, five protocols, one direction.
The State of Lending on Ethereum — May 2026
LRT collateral left, BTC collateral arrived, and Ethereum lending yields matched T-bills for the first time in eight months. Six protocols, one month, one threshold crossed.
The State of Lending on Ethereum — April 2026
A bridge exploit, a $14.57B Aave outflow, and a bad-debt question that April did not settle.
How Centrifuge is Making Tokenised RWAs Composable
The tokenised RWA market has reached $30 billion in distributed asset value, with $348 billion represented (this accounts for the RWA tokens using the blockchain as a recordkeeping layer) according to rwa.xyz.
The Four Plumbing Problems of Tokenised Finance
Tokenised real-world assets have reached $29.297 billion in on-chain market cap, with $2.53 billion deployed in DeFi as collateral or vault supply. And that works out to a DeFi utilisation rate of roughly 8% across the whole category.