June 2026Jul 6, 2026

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.

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May + June 2026Jul 2, 2026

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.

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May 2026Jun 7, 2026

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.

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April 2026May 7, 2026

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.

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