Pendle Finance unveiled its second-half 2026 roadmap on July 23, and the message is clear: real-world assets are the main course, not a side dish. The protocol is doubling down on RWA infrastructure, expanding listings, and actively courting issuers to grow its on-chain yield product suite.
Pendle’s numbers suggest it has already built the plumbing to make this work, with total value locked nearly doubling from $6.9 billion to $13.4 billion and $45 billion in settled value for Principal Token holders during 2025.
Boros hits $200M in open interest as Pendle expands beyond crypto-native yields The most concrete proof point in Pendle’s expansion story is Boros, its rates trading platform. As of July 22, Boros reported $200 million in open interest. Boros has also been branching into commodities and equities, extending Pendle’s rate speculation concept across asset classes.
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Pendle lets you split yield-bearing assets into their principal and yield components, then trade them separately. Boros extends that concept to rate speculation across asset classes.
Institutional doors are opening, literally Pendle’s institutional play got a concrete boost on July 16, when Galaxy Curator launched on Fireblocks. That integration gives institutional players access to yield vaults supporting Principal Tokens through Fireblocks’ custody infrastructure.
Pendle’s Citadels initiative, first announced in January 2025, targets KYC-compliant institutional frameworks and has pursued Shariah-compliant yield offerings. Citadels also has a cross-chain dimension, targeting non-EVM chains to broaden Pendle’s reach beyond the Ethereum ecosystem.
The RWA thesis and why tokenized Treasuries are just the beginning Pendle’s Principal Tokens function like zero-coupon bonds, letting holders lock in a fixed yield. Yield Tokens let speculators take leveraged bets on variable yields. The protocol’s H2 roadmap includes continued stablecoin-related pool listings planned through late 2026, alongside incentive programs designed to bootstrap liquidity in new markets.
The TVL growth from $6.9 billion to $13.4 billion during 2025, roughly a 94% increase, reflects capital allocator interest in Pendle’s yield tokenization model. Settling $45 billion in value for PT holders in the same period shows real economic activity flowing through its contracts.
What this means for investors The Fireblocks integration and Citadels initiative lower the barriers for institutional participation. Pendle’s success depends heavily on continued growth in the tokenized RWA market, which itself relies on regulatory clarity that remains uneven across jurisdictions.
For traders watching Boros specifically, $200 million in open interest is a solid foundation, but the platform’s expansion into commodities and equities means it’s competing in much larger, more established markets. The next few quarters will reveal whether Pendle can attract enough volume in these new verticals to justify the infrastructure investment, or whether crypto-native rate trading remains its core revenue driver.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pendle, the yield tokenization protocol that lets traders split and trade future yield, has crossed $111M in total value locked on the Monad blockchain. That makes it the fifth-largest protocol on the chain, less than a month after launching there on June 19.
The growth engine behind the numbers is AUSD, the Agora Dollar stablecoin backed 1:1 by cash, US Treasury bills, and repos. AUSD supply on Monad has ballooned to roughly $115M, making it the second-largest stablecoin on the chain behind USDC.
From zero to $111M in under a month Pendle hit approximately $51M in TVL within its first 10 days on Monad, then more than doubled. Pendle currently runs at least three active markets on Monad, all built around AUSD and its yield-bearing cousin, earnAUSD. The maturities on these markets cluster around October 8, 2026, giving traders a defined window to speculate on or lock in yields.
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Pendle’s Monad deployment has processed over $52M in trading volume over the past 30 days.
Pendle works by taking yield-bearing assets and splitting them into two tokens. One represents the principal, the other represents the future yield. Traders can sell their future interest payments to someone else today, or buy someone else’s future yield at a discount.
The incentive machine behind the growth Pendle’s Monad expansion has been turbocharged by weekly liquidity incentives of up to $75,000 for AUSD liquidity on the platform, roughly $300K per month in direct subsidies flowing to liquidity providers.
Pendle’s recent integration with Aave v3 pulled in more than $75M in deposits within the first 24 hours.
Across all chains, Pendle’s ecosystem now holds more than $1.14B in total value locked. The Monad deployment, at $111M, represents roughly 10% of that total.
The PENDLE token itself trades around $1.64, giving it a market cap of approximately $281.55M.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pendle’s Boros platform just rolled out a funding rate market for the SK Hynix perpetual contract on Hyperliquid, and the timing is anything but accidental. With SK Hynix ADRs trading at a premium exceeding 20% over their Korean-listed shares, and a conversion window set to reopen on July 29, traders are scrambling to position for what could be a rapid price convergence.
The new market lets traders fix, hedge, or speculate on the funding rates attached to the SKHYNIX perp, a contract that has averaged annualized funding rates of roughly 64% since listing. In English: holding a long position on this perp has been absurdly expensive, and now there’s finally a tool to manage that cost.
The arbitrage play driving the launch Here’s the setup. SK Hynix, the South Korean memory chip giant, raised approximately $26.5 billion through a US ADR offering priced at $149. The offering was massively oversubscribed, which created a supply squeeze on the American-listed shares.
That squeeze pushed ADR prices well above the equivalent Korean share price, creating a premium of more than 20%. The classic trade is straightforward: buy the cheaper Korean shares, short the expensive ADRs, and wait for the prices to converge.
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The catch is that the ADR-to-share conversion mechanism, which would naturally close this gap, has been temporarily locked. That window reopens on July 29. Once it does, traders expect the premium to compress as new ADR supply enters the market through conversions.
But there’s a wrinkle. Traders using Hyperliquid’s SKHYNIX perp to express this view face wildly unpredictable funding costs. On a single day, funding rates have oscillated between -452% and +276% annualized. That kind of volatility can obliterate a carefully constructed arbitrage position before the thesis even has time to play out.
How Boros works and why it matters Boros, built by the Pendle team on Arbitrum, creates markets specifically for perpetual contract funding rates. Traders can use tokenized yield units to effectively convert their variable funding rate exposure into a fixed rate, or vice versa.
For the SKHYNIX market specifically, early implied APRs on the Boros platform ranged between 18.99% and 40%. Initial trading volumes were modest, roughly $30,000 to $42,000.
The practical application looks something like this. A trader running the Korea-to-ADR arbitrage might be long Korean shares through a traditional broker and short the SKHYNIX perp on Hyperliquid. That short position earns or pays funding depending on the rate. By using Boros to lock in a fixed funding rate, the trader can calculate their exact cost of carry and determine whether the arb is profitable before entering.
Without Boros, that same trader is flying blind on funding costs. With average rates around 64% annualized, the margin for error is razor thin.
There’s also a pure yield play available. Traders can go long the funding rate on Boros if they believe rates will stay elevated, effectively creating a synthetic fixed-yield position.
The bigger picture: crypto rails for equity trades Perpetual funding rates have historically been one of the few truly unhedgeable costs in crypto trading. Boros changes that equation by allowing fixed-rate trade outcomes through tokenized yield units. The fact that its first major use case involves a traditional equity — a Korean semiconductor stock trading as a US ADR — reflects the growing intersection of on-chain infrastructure with traditional equity strategies.
For the SK Hynix trade specifically, the July 29 conversion date is the key catalyst. If the ADR premium compresses as expected, traders who locked in favorable funding rates through Boros will have a cleaner, more predictable return profile than those paying variable rates on a perp that swings hundreds of percentage points intraday.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pendle just made cross-chain DeFi a whole lot less painful. The yield-trading protocol announced a full upgrade to BungeeExchange V3, bringing faster routing, lower fees, and a feature that sounds almost too convenient: single-click cross-chain token swaps that don’t require users to hold native gas tokens on the destination chain.
In English: you can now swap any token on any chain directly into Pendle’s principal tokens (PT) or yield tokens (YT) without first scrambling to acquire ETH, MATIC, or whatever gas currency the receiving network demands. The protocol picks up that tab automatically.
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What the upgrade actually changes Bungee, powered by SOCKET infrastructure, functions as a bridge aggregator, scanning multiple bridges and DEX routes to find the cheapest and fastest path for a swap. Pendle describes it as “the most powerful bridge aggregator,” and the numbers offer some backing for that claim: Bungee has facilitated over $25 billion in cumulative transaction volume across its lifetime.
The V3 upgrade specifically improves three areas. Routing speed has been enhanced, meaning the protocol can find optimal swap paths more quickly. Transaction fees have been reduced, though Pendle hasn’t disclosed specific percentage improvements. And the gasless execution feature eliminates what has long been one of the most annoying onboarding hurdles in multi-chain DeFi.
Why Pendle is betting big on cross-chain Pendle’s core product lets users split yield-bearing assets into two components: principal tokens (PT) and yield tokens (YT). PT represents the underlying asset’s value at maturity, while YT captures the yield generated over a given period.
By embedding a bridge aggregator directly into the swap flow, Pendle removes the multi-step process that previously required users to leave the platform, bridge manually, and return. The entire journey from holding Token A on Chain X to holding PT or YT on Chain Y now happens in one click.
Prior to this upgrade, community-built tools had already started enabling PT token trading through Bungee’s SOCKET infrastructure. The V3 release formalizes and expands that functionality.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
When a metaverse token and a DeFi yield protocol suddenly top the whale activity charts, something is shifting in the order books. According to the on-chain update from Santiment, Decentraland’s MANA saw a 833% weekly increase in the number of whale transactions over $100,000. Pendle on Arbitrum wasn’t far behind at 800%, followed by a mix of stablecoins and smaller-cap tokens.
The data highlights a sudden repositioning by larger wallets across a set of assets that don’t usually dominate whale activity rankings. USAT jumped 400%, MakerDAO’s DAI on Optimism also rose 400%, Telcoin climbed 350%, and Virtuals Protocol’s VIRTUAL recorded a 300% increase. Even stablecoin transfer counts spiked—MakerDAO’s USDS, for example, moved 154% higher in large transaction count. The screener, which tracks divergences in on-chain metrics, underscores how rapid shifts in whale behavior can signal underlying market structure changes before price reflects them.
Such increases in whale transfers often hint that large holders are preparing for something—whether that’s deploying capital into DeFi protocols, moving funds between chains, or repositioning ahead of ecosystem developments. The presence of stablecoin pairs also suggests possible liquidity provision or off-ramping. Pairing that with the fact that some of these tokens, like MANA, are tied to metaverse NFTs, adds another layer. Recently, $X@AI BRC-20 NFTs and Courtyard topped weekly NFT sales rankings, reflecting a broader resurgence of interest in digital collectibles. Whale accumulation in related tokens may follow that trend.
However, investors should be careful about drawing straight lines between on-chain whale activity and imminent price moves. A spike in large transactions can just as easily reflect distribution as accumulation. The data from Santiment only shows an increase in transaction count—not whether wallets are buying or selling. Without additional on-chain metrics like exchange netflow or realized profit/loss, the picture remains incomplete. Whales may be moving tokens to centralized exchanges for sale, or to cold storage for long-term holding.
What This Means for Altcoin Traders Whale transaction spikes on low-volume altcoins like Telcoin or Virtuals can have outsized effects on liquidity and short-term volatility. While a recent top crypto gainers roundup featured TON and SIREN making big moves, none of the tokens on Santiment’s whale list appeared there. That divergence is worth noting—it suggests the whale action may not yet be reflected in market price, or it could indicate positioning for a move that hasn’t materialized. Monitoring whether these transaction counts hold or increase further could offer a pre-price signal for savvy market participants.
For traders, the data adds a signal to monitor alongside order book depth and funding rates. Tokens like Pendle and Ether.fi, which are central to liquid staking and yield markets, could see renewed interest if whale accumulation continues. But for now, the surge in transaction counts tells us that size is paying attention—just not yet in which direction.
AUTHOR
Max delves deep into the cryptocurrency realm, with a passion for altcoins and NFTs. Convinced of crypto's transformative potential, he envisions a decentralized financial future. Max's background in the financial sector grants him unique insights into global monetary systems. In his leisure, Max embraces the thrill of adventures and is an avid sports enthusiast, finding balance and rejuvenation away from work.
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Smart money address 0x15a, dormant for months, has re-entered the market, opening a 40x long position worth $12.6 million in Bitcoin.
According to monitoring by OnchainLens, the smart money address 0x15a, which has been dormant for several months, deposited $1 million USDC into Hyperliquid and opened a 40x leveraged long position of 200 BTC, with the position valued at roughly $12.58 million. The address’s last on-chain activity occurred in March this year, and its historical cumulative profit from perpetual contracts stands at approximately $2.28 million.
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The US stock market's storage sector saw broad pre-market gains, with SanDisk rising 4.81%.
According to market data from BIT (bit.com), the US stock storage sector saw broad pre-market gains, with: Seagate Technology (STX) up 3.26%; Western Digital (WDC) up 4.15%; SanDisk (SNDK) up 4.81%; Micron Technology (MU) up 3.02%.
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Bank of America: Semiconductors' strong performance drove growth funds to outperform the broader market, and active funds delivered strong results in June.
Bank of America released data showing that in June, 53% of large-cap active equity funds outperformed their benchmark indices. Mid-cap and small-cap active funds performed even more strongly, with 71% and 91% respectively beating their benchmarks. BofA noted that in the first half of 2026, growth-style funds overall outperformed value-style funds, boosted by the strong rally in semiconductor stocks, while value-style funds lagged relatively due to their lower allocation to semiconductor shares.
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SK Hynix officially kicks off the roadshow process for its US stock market listing.
SK Hynix officially kicked off its roadshow for its US stock listing this Monday, aiming to capitalize on sustained investor enthusiasm for the memory chip sector to advance its US listing. According to regulatory filings, SK Hynix plans to offer American Depositary Receipts (ADRs) representing approximately 17.79 million common shares. Based on last Friday’s closing price in the South Korean market, the offering is valued at around $28 billion. As a leading supplier of High Bandwidth Memory (HBM) chips, SK Hynix’s US listing will open up an efficient financing channel for the company. Per previously disclosed regulatory documents, SK Hynix expects its ADRs to start trading on July 10 (this Friday). Based on the current proposed offering size, this ADR issuance will rank among the top three largest IPOs in history (the exact amount depends on exchange rates), and is expected to rival Saudi Aramco’s $29.4 billion IPO in 2019.
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Tokenized fund USTB saw its deposit volume into Aave rise by around 300% quarter-on-quarter in Q2.
According to data from Token Terminal, the amount of Invesco’s tokenized U.S. Treasury fund USTB deposited on Aave rose roughly 300% quarter-over-quarter. Managed by Invesco and issued based on Superstate’s FundOS transfer agent and tokenization infrastructure, USTB demonstrates the ongoing deepening integration between real-world assets (RWA) and DeFi protocols.
Pendle [PENDLE] showed signs of extending its rally after gaining 12% over the past 24 hours. The move was backed by trading volume, which climbed more than 50% to roughly $47.7 million, reflecting stronger market participation.
Can PENDLE clear the next resistance? The rally still faces a key test, with nearby resistance likely to determine its next move.
Chart analysis showed PENDLE trading inside a support and resistance channel that formed toward the end of June. The token attempted twice to break above the range before pulling back.
Source: TradingView This time, however, PENDLE broke above the first resistance at $1.458 and approached the next barrier near $1.475. A sustained move above that level could open the door to the $1.53 region.
Otherwise, the token could remain inside its current range until stronger buying or selling momentum emerges.
Do technical indicators support more upside? The chart indicators continued pointing toward improving momentum.
The Money Flow Index (MFI), which tracks capital flowing into and out of the token, remained in bullish territory. Generally, an MFI reading above 50 signals buying pressure dominates, while values approaching 80 suggest increasingly strong inflows.
Source: TradingView The MFI continued moving toward the overbought region above 80. That reflected strengthening demand, although overbought conditions can also trigger profit-taking.
The Parabolic SAR added to the bullish outlook by printing dots below the price, indicating the uptrend remained intact. Continued dots below the price would reinforce that trend.
Protocol upgrade unlocks new utility Beyond the technical setup, Pendle’s partnership with Curvance introduced additional utility for PT-AUSD. The protocol now allows PT-AUSD holders to borrow against their positions without unwinding them, enabling users to access liquidity while continuing to earn yield.
Community sentiment also strengthened after the announcement, with 96% of more than 36,000 participants expecting PENDLE to maintain its upward momentum.
Together, the protocol update and improving technical structure could continue supporting demand. Even so, buyers still need to clear nearby resistance to confirm a broader breakout.
Final Summary Strong volume backed PENDLE’s rally, but resistance still holds the key to further gains. Utility expanded beyond yield. Can stronger fundamentals now unlock a breakout?
Pendle Finance just crossed a milestone that most DeFi protocols only daydream about. More than 100 million PENDLE tokens are now staked, representing roughly 36% of the project’s total supply, and emissions have been cut by 71%.
From vePENDLE to sPENDLE: a strategic overhaul Back in January 2026, Pendle scrapped its vePENDLE system, the vote-escrowed lockup model that had become standard fare across DeFi. The problem was simple. Only about 20% of the token supply was actively locked under vePENDLE, which meant the model wasn’t doing its job of aligning long-term incentives.
The replacement, sPENDLE, introduced liquid staking with a 14-day withdrawal period. The 36% staking rate against total supply proves the thesis: give users flexibility, and they’ll still commit capital voluntarily.
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The protocol also deployed an Algorithmic Incentive Module, or AIM, to dynamically manage token emissions. The original target was a 30% reduction in emissions. AIM overshot that goal by a wide margin, delivering a 71% cut instead.
Buybacks and airdrops sweeten the deal Since sPENDLE launched, Pendle has executed over 1.96 million PENDLE in open-market buybacks. Every single one of those tokens was distributed directly to stakers. On top of that, approximately $1.5 million in airdrops has been allocated to incentivize participation.
PENDLE’s circulating supply sits around 171 million tokens out of a total supply of approximately 278 million. With 100 million now staked, that leaves a meaningfully smaller float for trading.
Why the old model failed and the new one works The vePENDLE model suffered from a problem common across DeFi governance tokens. Long lockup periods discourage all but the most committed participants. When only 20% of supply is locked, the governance power concentrates in fewer hands, and the vast majority of holders sit on unlocked tokens with no particular reason not to sell.
sPENDLE’s 14-day withdrawal period threads the needle. It’s long enough to prevent purely speculative hot money from gaming staking rewards. It’s short enough that users don’t feel they’re making a years-long commitment in a market where conditions change weekly. The result is a staking rate that jumped from roughly 20% to 36% of total supply.
What this means for investors Investors should watch two things closely going forward. First, whether staking participation continues climbing or plateaus around current levels. Second, the sustainability of buybacks matters. Buybacks funded by genuine protocol revenue are bullish. Buybacks funded by treasury drawdowns are a different story entirely, and the distinction is worth monitoring.
One risk that often gets overlooked in staking-heavy models: a 14-day withdrawal period provides some buffer, but during a genuine market crash, that buffer can feel like an eternity. If a significant portion of stakers rush for the exit simultaneously, the withdrawal queue and subsequent sell pressure could create a cascading effect. It’s the tradeoff for all that locked-up liquidity, and it’s one that hasn’t been stress-tested in truly adverse conditions yet.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave Launches First Dedicated Hub on V4Aave has gone live with the Global Dollar Hub, its first specialized liquidity market on the V4 protocol. The hub is the first new liquidity market on Aave V4 and is designed for assets correlated to the Global Dollar (USDG) stablecoin on Ethereum.
The hub initially supports PT-USDG-24SEP2026, a principal token from Pendle Finance, as its inaugural collateral asset. Users can borrow USDC, USDT, and USDG, with USDC and USDT held natively in the Global Dollar Hub while USDG is accessed via a cross-hub credit line from Aave's Core Hub.
USDG is a stablecoin issued by Paxos, fully backed and redeemable 1:1 for US dollars. It serves as the foundation for the Global Dollar Network, which includes over 130 enterprise partners such as Kraken, OKX, and Mastercard.
Hub and Spoke Architecture Gets Its First Real-World TestThe launch marks the first practical deployment of the hub and spoke model that Aave introduced when V4 went live. Aave V4 launched on Ethereum mainnet on March 30, 2026. The upgrade introduced a hub-and-spoke design that allows markets to operate independently while sharing liquidity through a unified system, a shift the team says resolves a core limitation that has constrained DeFi lending since its inception.
Previous versions of Aave required developers to choose between expanding into new markets and maintaining shared liquidity, pushing different risk profiles into the same pool or forcing liquidity to split across separate deployments. V4's hub-and-spoke model keeps capital centralized while allowing individual markets, called spokes, to operate with their own collateral rules and risk parameters.
Capital is no longer fragmented across markets on the same chain. Instead, all liquidity flows through Liquidity Hubs, which increases utilization and unlocks better rates for both suppliers and borrowers. Anyone can build a Spoke, and if it adds value, it can tap into the Liquidity Hub as a credit line, letting builders create specialized markets while accessing the biggest liquidity network effects in DeFi.
The launch of the Global Dollar Hub strengthens Aave's position in the stablecoin lending space by integrating with a regulated, enterprise-backed asset like USDG. Whether the hub gains meaningful traction will depend on user adoption and the broader growth of the Global Dollar Network.
Sources:
Aave V4 Adds Global Dollar Hub for USDG Ecosystem – The Crypto Times
Aave V4 Launches on Ethereum Mainnet – The Block
Pendle needed less than two weeks to muscle its way into Monad’s top five protocols. The yield-trading platform launched on the chain around June 19 and has already accumulated roughly $51.25 million in total value locked, placing it fifth among all protocols on the network.
That’s not a slow drip of capital, either. Pendle also generated $22 million in trading volume during the same stretch, suggesting traders aren’t just parking assets. They’re actively using the platform.
Where Pendle fits in Monad’s growing DeFi landscape Monad’s total DeFi TVL sits near $366 million. Euler V2 leads the pack with approximately $110 million, followed closely by K3 Capital at around $108 million. Pendle, at fifth, is roughly half the size of those leaders but growing at a pace that makes the gap feel temporary.
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Monad only activated its mainnet in late 2025, which means the entire ecosystem is still young. The protocol sweetened the deal with weekly incentives of up to $100,000 for participants in its AUSD and earnAUSD yield pools.
What Pendle actually does, and why it matters Pendle is a yield tokenization protocol. It lets users split yield-bearing assets into two separate tokens, one representing the principal and one representing the future yield. Want a fixed yield on your deposit? You can lock it in. Want to speculate that yields will go higher? You can buy just the yield token with leverage.
The platform describes itself as the largest yield-trading platform globally, with over 100 historical protocol deployments across multiple blockchains. Across all chains, Pendle’s total ecosystem TVL sits at approximately $933 million. The Monad deployment, at $51.25 million, represents about 5.5% of that total.
Sky Money’s fixed-yield products on Pendle provide a useful benchmark here. Those products alone amassed between $50 million and $51 million in TVL within two weeks of launch, essentially matching what Pendle achieved on Monad in the same timeframe.
What this means for investors The $100,000 weekly incentive budget is generous, but incentive-driven launches tend to follow a predictable arc: TVL spikes during the rewards period, then either stabilizes at a lower level or collapses entirely once the money faucet turns off.
For traders specifically, Pendle’s yield tokenization mechanics create trading opportunities that simply don’t exist on standard lending protocols. The ability to take directional positions on yields, rather than just passively earning them, adds a layer of sophistication to Monad’s DeFi toolkit. The $22 million in ten-day trading volume suggests early adopters already understand this.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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As the broader crypto market consolidates, one industry analyst has identified a select group of altcoins that could see exponential gains during the anticipated “super-cycle” expected in the latter half of 2024. In a detailed social media post, the analyst, known as OxNobler, delves into the cyclical nature of the crypto market and highlights the factors driving the impending uptrend phase.
Crypto ‘Supercycle’ Imminent? According to OxNobler, the crypto market consistently follows a four-phase cycle: Accumulation, Markup (Uptrend), Distribution, and Markdown (Downtrend). The analyst argues that understanding these distinct phases is crucial for investors seeking to capitalize on low cap altcoins and market trends to maximize their returns.
“We are currently on the brink of entering the Uptrend phase, which is set to be fueled by a confluence of factors, including the upcoming US election, potential rate cuts, the global adoption of crypto ETFs, continued technological advancements, and shifts in China’s regulatory landscape,” explains OxNobler.
Drawing on this market insight, the analyst has curated a list of six altcoins that are poised to experience substantial growth during the anticipated crypto super-cycle.
These tokens span a diverse range of sectors, including artificial intelligence (AI), decentralized finance (DeFi), real-world asset (RWA) tokenization, and more.
6 Low-Cap Altcoins Tipped To Skyrocket First on the list is Numerai (NRM), an Ethereum-based platform that allows developers and data scientists to experiment with and create more reliable machine learning models.
With a current price of $11.75 and a market capitalization of $86 million, the analyst believes Numerai’s positioning in the trending AI sector makes it a compelling investment opportunity.
Another altcoin highlighted is TokenFi (TOKEN), a crypto and RWA tokenization platform aiming to simplify the tokenization process and emerge as a leading player in the space. Currently trading at $0.06 with a $60 million market cap, TokenFi’s role in bridging the gap between traditional and decentralized finance is seen as a key growth driver.
Ravencoin (RVN), an open-source proof-of-work blockchain enabling the issuance and control of utility tokens, non-fungible tokens (NFTs), and other digital assets, also makes the list.
With a market price of $0.015 and a $223 million market capitalization, Ravencoin’s positioning in the growing DeFi sector adds to its potential upside.
The Fluence Project, with its native token FLT currently valued at $0.27, is another intriguing prospect. As the first decentralized “Cloudless” computing platform, Fluence aims to provide an open alternative to the dominant cloud computing giants, aligning with the analyst’s bullish outlook on the AI sector.
Realio Network (RIO), an end-to-end blockchain-based platform for the issuance, investment, and management of digital securities and crypto assets, is also included. Trading at $0.89 with a modest $5 million market cap, Realio Network’s focus on the RWA tokenization space is seen as a notable bullish catalyst for the analyst.
Last on the list, is the largest altcoin among the six by market cap, Pendle (PENDLE), a protocol enabling the tokenization and trading of future yield, rounds out the list. Currently priced at $2.63 with a market capitalization of $419 million, Pendle’s positioning in the DeFi sector aligns with the analyst’s broader thesis.
The daily chart shows PENDLE’s price downtrend experienced over the last months. Source: PENDLEUSDT on TradingView.com Featured image from DALL-E, chart from TradingView.com
Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading past the key $43,000 level on Tuesday.
Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $2,300 mark this morning.
Pendle (CRYPTO: PENDLE) was the top gainer over the prior 24 hours, while Manta Network (CRYPTO: MANTA) turned out to be the biggest loser.
At the time of writing, the global crypto market cap rose to $1.67 trillion, recording a 24-hour gain of 2.5%. BTC was trading higher by 2.9% at $43,475 while ETH rose by around 1.9% to $2,315 on Tuesday.
Here are the top ten crypto gainers and losers over the past 24 hours:
Pendle Finance has unveiled support for sUSDD, the yield-bearing version of USDD, in a move that could broaden access to structured yield products for users across the TRON ecosystem and beyond.
In a post on X, Pendle described the launch of “sUSDD” as arriving on 27 August 2026 and said the market will come with $300,000 worth of exclusive USDD rewards. The announcement also noted additional $TRX airdrops for YT holders, adding another layer of incentive for users who choose to participate in the new market.
The launch brings one of TRON’s best-known ecosystem assets into Pendle’s fixed-yield and yield-trading framework. USDD, often described by supporters as Justin Sun’s preferred stablecoin, is a decentralized, over-collateralized stablecoin designed to maintain a 1:1 peg to the US dollar.
Its yield-bearing counterpart, sUSDD, is built to generate returns for holders by tapping into the protocol’s yield-sharing design. According to Pendle’s explanation, the yield on sUSDD is mainly powered by Smart Allocator, USDD’s yield-sharing initiative.
Under that system, capital from USDD’s cash reserve is deployed into investment opportunities intended to generate returns through interest and platform rewards. That means users holding sUSDD are not only exposed to the stablecoin structure itself, but also to the yield mechanics behind it.
Boosts, Fixed APY, and YT Airdrops Pendle also highlighted that USDD is available through its PSM, where users can swap USDT for USDD at a 1:1 ratio. Beyond that, USDD is backed by a basket of crypto assets that includes TRX, staked TRX or sTRX, and WBTC.
The broader backing structure is part of what Pendle is pointing to as it positions the new market as a fresh addition to its yield infrastructure. For Pendle users, sUSDD opens up three familiar routes. PT, or principal token, allows users to lock in a fixed yield on sUSDD.
YT, or yield token, gives traders a way to take a directional view on sUSDD’s future yield performance. LP participants can earn swap fees and $PENDLE rewards on top of the underlying yield.
In other words, the market is designed not just for passive holders, but also for users who want to express a view on yield itself. Pendle said the $300,000 in USDD rewards will be distributed across the market, helping boost yields across all positions.
The protocol also said the incentive structure will support an enhanced fixed APY through PT, above the native rate, which could make the market more attractive to users looking for predictability in return streams.
The added $TRX airdrops for YT users could also draw attention from traders willing to take on more variability in exchange for additional upside. Pendle said these airdrops will be distributed at key milestones and through other media interactions, suggesting that the incentives may continue to evolve after launch.
The launch is notable because TRON remains one of crypto’s oldest and most active ecosystems, while USDD is the only decentralized stablecoin natively deployed on TRON.
By bringing sUSDD to Pendle, the project is extending that ecosystem into a more advanced yield environment where users can trade, hedge, and structure exposure in ways that were not previously available. For Pendle, the integration appears to strengthen its position as a destination for yield experimentation.
For USDD, it adds another venue where the stablecoin can be used beyond simple holding or swapping. And for TRON users, the new market could offer a more flexible way to put stablecoin capital to work while tapping into both fixed and variable yield opportunities.
AUTHOR
Mushumir Butt is a seasoned crypto journalist with over three years of experience reporting on the world of blockchain and cryptocurrency. At Blockchain Reporter, he delivers insightful news, in‐depth project reviews, and precise price analysis and predictions. With a strong background in SEO and digital marketing, Mushumir excels at breaking down complex trends into clear, accessible content, ensuring readers stay ahead in the fast‐paced crypto space.
Yearn Finance launched yvUSD on January 19, 2026. It’s a V3 cross-chain, cross-asset stablecoin vault, not a simple USDC-only vault, with zero management fees, zero performance fees, and two deposit modes. At the time of writing it runs nine active yield strategies, though that number is dynamic and managed by the vault operator. If you’ve been watching the stablecoin yield space this year, those numbers alone probably caught your attention. Zero fees on a yield aggregator is unusual. Strategies spanning lending, fixed income, and points farming is ambitious. And the two-mode system (unlocked vs. locked) is a design choice I haven’t seen done quite this cleanly before.
This article breaks down how the vault actually works, where the yield comes from, what the risks look like in practice, and how it stacks up against the alternatives. I’ve tried to write the kind of analysis I’d want to read before putting real money into this thing.
What yvUSD is, mechanically At the contract level, yvUSD is a Yearn V3 Allocator Vault. That means it’s an ERC-4626 compliant smart contract that accepts USDC deposits on Ethereum mainnet, mints shares proportional to your deposit, and then deploys that capital across a portfolio of yield-generating strategies spanning multiple stablecoins and chains. Yearn’s own announcement describes it as “a cross-chain, cross-asset vault for best in class stablecoin yield.” The deposit token is USDC, but the vault’s strategies convert into sUSDS, siUSD, and other stablecoin derivatives as part of normal operation.
ERC-4626 matters here because it’s become the standard interface for tokenized vaults in DeFi. Any protocol that supports 4626 can plug into yvUSD without custom integration work. Your shares are yield-bearing ERC-20 tokens, which means they’re transferable, composable, and can be used as collateral elsewhere if a lending market accepts them.
The V3 architecture is a big upgrade from Yearn’s V2 system. In V2, strategies were locked to a single vault in a one-to-one relationship. In V3, strategies are themselves standalone ERC-4626 compliant contracts, Yearn calls them “Tokenized Strategies.” Per Yearn’s V3 docs: “strategies are now fully ERC-4626 compliant, stand-alone vaults” that “can now be connected to many different vaults simultaneously and can also be deposited into directly by an end user.” This is a meaningful architectural change: strategies can serve multiple allocator vaults, and users can deposit into individual strategies directly if they want to bypass the allocator entirely.
The practical implication: yvUSD’s current strategies are modular. They can be added, removed, or rebalanced without migrating the entire vault. The Debt Allocator contract handles capital distribution across strategies based on target allocations set by the vault manager, and an on-chain APR Oracle helps inform those allocation decisions.
Vault specs as of March 13, 2026:
Asset: USDC (Ethereum mainnet, cross-chain via Circle’s CCTP) TVL: $3.02M Fees: 0% management, 0% performance Risk score: 3/5 (Yearn’s self-assessment) Contract: 0x696d02Db93291651ED510704c9b286841d506987 (per the Yearn UI vault page; note that yvUSD may use multiple contracts across its allocator and strategy architecture, always verify the address you’re interacting with on yearn.fi directly) The unlocked/locked design This is the architectural decision that distinguishes yvUSD from a standard Yearn vault. When you deposit, you choose between two modes.
Unlocked gives you withdrawal access at any time, subject to the vault’s liquidity buffer. At the time of writing, the displayed estimated APY is around 7.14%, but this number is a trailing estimate that fluctuates based on strategy performance, incentive programs, and capital allocation. The Yearn UI may show substantially different numbers depending on the calculation window (7-day, 30-day, inception). Don’t treat any displayed APY as a fixed rate. The vault ensures it always has enough capital parked in short-duration, liquid strategies (sUSDS, basic Morpho lending) so that unlocked depositors can exit without delay.
Locked imposes a 14-day cooldown period after you signal your intent to withdraw, followed by a 5-day window during which you can actually pull your funds. In exchange, the vault can deploy your capital into longer-duration positions that pay more, things like Pendle principal tokens with fixed maturities, deeper leverage loops on Morpho, and cross-chain L2 plays.
The idea borrows from a concept that InfiniFi (one of the protocols integrated into the vault) has been developing: depositor-directed duration matching. Traditional banks take deposits and invest them into long-duration assets while hoping everyone doesn’t withdraw at once. yvUSD instead lets depositors explicitly reveal their liquidity preferences, then builds the portfolio accordingly. Locked capital funds the higher-yield, longer-duration strategies. Unlocked capital stays in liquid backstops. The vault knows exactly how much of its capital has a 14-day minimum lockup, which means it can allocate with more precision than a vault that has to assume 100% of deposits might leave tomorrow.
It’s a clean tradeoff, and worth thinking through carefully. If you’re not sure you’ll need the money in the next three weeks, locked mode is strictly better. If there’s any chance you’ll need fast access, stay unlocked and accept the lower rate.
Active strategies: where the yield comes from Everything is published on-chain, and the DeBank bundle shows live positions in real time. The vault currently runs nine strategies (this count is dynamic and managed by the vault operator). Here’s the approximate allocation as of March 13, 2026.
Morpho Yearn OG USDC Compounder (28% allocation, ~3.81% APY) This is the vault’s largest single position and its most conservative strategy. It deposits USDC into Morpho Blue’s isolated lending markets, specifically into markets curated by Yearn’s own risk team.
Morpho Blue, for those unfamiliar, is a permissionless lending primitive that launched as an evolution of Morpho’s original peer-to-peer optimization layer. Each Morpho Blue market is an isolated pair (one collateral asset, one loan asset) with immutable parameters. Risk doesn’t bleed between markets the way it can in pooled protocols like Aave. The tradeoff is that you need to pick your markets carefully, or delegate that decision to a curator.
The 3.81% APY comes from borrower interest. It’s real yield in the most traditional DeFi sense: someone is paying to borrow USDC, and you’re earning a share of that interest. Conservative, predictable, and the risk profile is well-understood after years of lending protocol history.
USD3 Pendle PT Maxi (20% allocation, ~7.99% APY) This is where the vault’s yield starts to get interesting. The strategy buys Pendle Principal Tokens (PTs) denominated in USD3 at a discount to face value and holds them to maturity.
A quick primer on how Pendle PTs work. Pendle splits a yield-bearing asset into two tokens: a Principal Token (PT) that’s redeemable 1:1 for the underlying at maturity, and a Yield Token (YT) that captures all the variable yield until that date. If you buy PT at a discount before maturity, you’ve effectively locked in a fixed yield, the spread between your purchase price and the redemption value.
So if PT-USD3 trades at $0.96 with a 6-month maturity, buying it and holding to expiration gives you roughly 8% annualized. No variable rate risk, no dependency on borrow demand staying high. The yield is encoded in the purchase price.
The risk here is duration. If the vault needs to exit this position before maturity, it has to sell the PT on the open market, potentially at a loss if rates have moved against it. This is one of the key reasons the locked/unlocked design exists. Locked capital can ride PTs to maturity. Unlocked capital stays out of these positions (or the vault maintains enough liquid buffer to cover unlocked withdrawals regardless).
Pendle has become a dominant venue for this kind of fixed-income DeFi. According to CoinMarketCap’s Pendle analysis, stablecoins now account for roughly 83% of Pendle’s TVL. The protocol also transitioned from vePENDLE to a liquid staking model (sPENDLE) on January 20, 2026, replacing multi-year lock-ups with a 14-day withdrawal period and directing up to 80% of protocol revenue to PENDLE buybacks for sPENDLE holders.
InfiniFi sIUSD Morpho Looper (19% allocation, 0% base APY) This is the most unusual position in the vault, and the one that confuses people when they look at the strategy list. It shows 0% APY. Why would the vault put 19% of its capital into something earning zero?
The answer is points farming.
InfiniFi is a DeFi protocol that replicates fractional reserve banking on-chain. Users deposit USDC, mint iUSD receipt tokens, then choose between liquid staking (siUSD) or locked positions (liUSD) with different yield profiles. Per DefiLlama, InfiniFi holds roughly $170M in TVL, and Messari reports $175M. The protocol is heading toward a token generation event (TGE) expected in early-to-mid 2026.
The vault deposits into InfiniFi, receives siUSD, then loops that position through Morpho to amplify its exposure. The 0% base APY is accurate in that no interest is being paid right now. But InfiniFi Points are accruing on the position, with enhanced multipliers for the strategies involved. Pendle’s siUSD pools are offering up to 4.5x point multipliers on YT positions.
When InfiniFi’s TGE happens, Yearn will monetize the accumulated points, likely through their signature permissionless Dutch auction system or OTC deals, and funnel the proceeds back into the vault. Your price-per-share goes up, and the retroactive APY on this strategy could end up being substantial. Or it could be modest. Nobody knows what InfiniFi tokens will be worth at launch.
This is the speculative component of the vault, and you should be clear-eyed about it. About 19% of the vault’s capital is sitting in a position that earns nothing today, betting on future token value. Yearn has historically been good at monetizing these positions (they’ve been doing it since the Curve wars era), but it’s still a bet, not a guaranteed yield stream.
USDC to sUSDS Depositor (10% allocation, ~3.82% APY) This strategy converts USDC to USDS, Sky Protocol’s stablecoin, and deposits it into the Sky Savings Rate module, receiving sUSDS in return. USDS is positioned as the successor to DAI within the Sky ecosystem (formerly MakerDAO), with a 1:1 upgrade path from DAI to USDS. Both tokens still exist; DAI has not been retired or renamed, but USDS is where Sky Protocol is directing new development and integrations.
The Sky Savings Rate is funded by Sky Protocol’s revenue, which comes from crypto collateralized loans, U.S. Treasury bill investments, and liquidity provisioning into SparkLend. As of March 2026, sUSDS yields around 4% APY. Sky Frontier Foundation’s own press release from March 6, 2026 describes sUSDS as having “+$10 Billion in supply,” making it the largest yield-generating stablecoin by market cap. (Note: this $10B figure refers to total sUSDS tokens in circulation, not to be confused with the larger DAI/USDS base stablecoin supply.)
For the vault, sUSDS serves a dual purpose. It generates reliable baseline yield (Sky Protocol’s revenue model is diversified and has operated for years under its prior MakerDAO branding), and it’s highly liquid with no withdrawal constraints. This is part of the vault’s liquidity buffer, the safe money that ensures unlocked depositors can always exit.
The risk here is mostly stablecoin peg risk: USDS could theoretically depeg from the dollar, or the conversion path USDC to USDS could involve slippage. In practice, USDS has maintained its peg reliably through years of market stress as DAI, and the conversion path is well-established.
syrupUSDC/USDC Morpho Looper (10% allocation, 0% base APY) Similar to the InfiniFi strategy, this position earns 0% in direct interest but farms points from Maple Finance’s syrupUSDC program. It’s a leveraged lending position on Morpho that amplifies exposure to Maple’s rewards program.
Maple has been rebuilding after its 2022 credit crisis, and syrupUSDC represents their new institutional lending product. The points here are a bet on Maple’s token economics and the value of being early to their relaunched ecosystem.
Same logic as the InfiniFi position: no yield today, speculative upside tomorrow. Same honest assessment: it could pay off well, or it could amount to very little.
PT siUSD March Morpho Looper (6% allocation, ~10.8% APY) This is the highest-APY strategy in the vault. It buys Pendle PT-siUSD tokens (which mature March 26, 2026) and leverages the position through Morpho to amplify the fixed yield.
The base PT yield is attractive on its own, around 9% fixed according to InfiniFi’s Pendle V2 pool data. The Morpho loop borrows against the PT position to buy more PTs, stacking the fixed yield. If the PT yield is 9% and you can borrow USDC at 4%, the spread gets amplified through leverage.
The risk here is compounded: you have PT duration risk, Morpho liquidation risk if collateral ratios move unfavorably, and the underlying InfiniFi counterparty risk, all stacked. At only 6% of the vault, this is sized as a satellite position rather than a core holding, which seems appropriate given the risk stack.
Smaller allocations (remaining ~7%) Three additional strategies round out the portfolio. The exact compositions shift as the vault rebalances, but they generally involve smaller Morpho lending positions and additional PT exposures across different maturities. They provide diversification within the strategy mix without materially changing the overall risk profile.
Where the APY numbers actually come from Here’s the honest version of what to expect.
Sustainable baseline (unlocked): roughly 6-8% APY, estimated. This range is derived from the combination of Morpho lending (~3.8%), Pendle PT strategies (~8-10%), and sUSDS (~3.8%), blended across the portfolio. Even if every points program goes to zero, this baseline should hold because it’s driven by real borrow demand, fixed-income instruments, and protocol revenue. It already beats Aave’s 3-5% and Morpho direct lending’s 4-8% after their respective fee structures. But this is an estimate based on current allocations. It is not a guaranteed rate, and it will shift as strategies are rebalanced and market conditions change.
Points premium: highly variable. The InfiniFi and syrupUSDC strategies (about 29% of the vault combined) are currently earning zero direct yield. Their eventual contribution depends entirely on token launch valuations and Yearn’s monetization execution. In a good scenario, this could add several percentage points to the annualized return. In a disappointing scenario, it might add very little.
The 54.4% 30-day APY on the vault page is misleading. It includes temporary launch incentives and early points monetization events that won’t recur. If you’re making a deposit decision based on that number, recalibrate. Plan around 6-8% and treat anything above that as a bonus.
How Yearn monetizes points (and why it matters that you don’t have to) This is one of the smartest parts of the design, and it’s worth understanding.
When you deposit into yvUSD, all points and reward tokens accrue to the vault’s contract address, not to your wallet. You never claim anything. You never pay gas to harvest. You never have to research which airdrop campaigns are running or track eligibility criteria.
When a points program converts to tokens (at TGE or during a liquidity event), Yearn’s system handles monetization. They typically use one of two mechanisms: OTC deals with market makers who want early token access, or their permissionless Dutch auction system where tokens are sold on-chain in a declining-price auction until clearing.
The proceeds flow back into the vault as additional USDC. Your share of that USDC shows up as an increase in the vault’s price-per-share (PPS). From your perspective, your yvUSD tokens are simply worth more when you redeem them.
The tradeoff is real, though. If InfiniFi’s token launches and immediately does a 50x, you don’t capture that upside, because Yearn sold the tokens at whatever price cleared the auction. You traded potential token moonshot exposure for guaranteed passivity. For most people holding stablecoins, that’s the right tradeoff. But if you’re the type who wants to hold and time individual airdrops, yvUSD isn’t designed for you.
Risk analysis Yearn rates yvUSD at 3/5 on their internal risk scale. That’s an honest number, not a conservative one. Here’s what’s driving it.
Smart contract risk: medium-high Multiple strategies (nine at the time of writing, subject to change) means a large set of smart contracts interacting with the vault. Each strategy interfaces with at least one external protocol (Morpho, Pendle, InfiniFi, Sky). The total smart contract surface area is large. Yearn’s V3 codebase has been audited and has processed hundreds of millions in TVL across other vaults, but the specific strategies in yvUSD are newer and less battle-tested.
A bug in any single strategy could result in losses to the portion of capital deployed there. Yearn’s architecture does provide some containment, since strategies can be revoked and capital recalled if issues are detected, but forced revocation during an exploit can still crystallize losses.
Leverage risk: present The Morpho looper strategies (InfiniFi looper, syrupUSDC looper, PT siUSD looper) use leverage. They borrow against their positions to amplify exposure. In normal markets, this amplifies yield. In stressed markets, it amplifies losses and can trigger liquidation.
Morpho’s isolated market design means a liquidation in one market doesn’t cascade into others, which is meaningfully better than pooled alternatives. But if a borrowed position hits its LLTV (Liquidation Loan-to-Value) threshold at oracle prices, the collateral gets sold. For looped positions, this can unwind rapidly.
Duration risk: present (especially in locked mode) Pendle PT strategies have fixed maturities. The USD3 Maxi position and the PT siUSD looper are both committed to specific expiry dates. If conditions change and the vault needs to exit early, it has to sell at market prices, which may be unfavorable.
The locked/unlocked design mitigates this significantly. Locked capital is deployed into duration-sensitive strategies with the explicit understanding that it won’t be withdrawn for at least 14 days. Unlocked capital avoids these positions. But if a large amount of unlocked capital tries to exit simultaneously and the liquid buffer is insufficient, there could be withdrawal delays.
Counterparty risk: moderate The vault depends on InfiniFi, Sky Protocol, Pendle, and Morpho functioning correctly. Each of these is a separate protocol with its own governance, codebase, and risk profile.
InfiniFi, in particular, is the youngest and least proven of the group. It has roughly $170M TVL per DefiLlama and a pre-TGE token, meaning its incentive structures are still evolving. Sky Protocol (the rebranded MakerDAO ecosystem) is at the opposite end of the spectrum, one of the most established DeFi protocols in existence.
Bridge risk: low Cross-chain activity uses Circle’s CCTP (Cross-Chain Transfer Protocol), which burns and mints native USDC rather than relying on wrapped tokens or bridges with independent validator sets. CCTP is widely regarded as the safest cross-chain mechanism for stablecoins, since it leverages Circle’s own attestation network. The risk isn’t zero (Circle is a centralized entity), but it’s meaningfully lower than most bridge alternatives.
Competitive landscape Aave V3 Morpho direct yvUSD (unlocked) yvUSD (locked) Expected APY 3-5% 4-8% 6-8% sustainable Higher (not disclosed) Fees Variable Curator-dependent 0% / 0% 0% / 0% Withdrawal Instant Instant Instant (with buffer) 14-day cooldown Smart contract risk Very low Low-medium Medium-high Medium-high Leverage exposure None None Yes (partial) Yes (more) Effort required None Low None None Points/airdrop exposure None Possible (via curator) Yes (passive) Yes (passive) Aave remains the obvious choice if you want the simplest, most proven option. Five years of operation, enormous TVL, instant withdrawals. The yield reflects that safety, you’re paying for simplicity with lower returns. Currently around 3-5% on USDC after the protocol’s fee cut.
Morpho direct lending (via curated MetaMorpho vaults) gives you 4-8% with more granular risk selection. You choose which vault, which curator, which risk profile. The recent Telegram integration and institutional partnerships suggest Morpho’s distribution is expanding, which should sustain borrow demand. But you’re trusting a curator’s allocation decisions, and the newer isolated markets have a shorter track record.
yvUSD sits at the higher end of both yield and complexity. The 6-8% sustainable baseline comes from combining multiple yield sources that individually would be accessible but tedious to manage. The zero-fee structure means every basis point of yield goes to depositors, which is rare for an aggregator. Yearn’s V2 vaults charged 2% management and 20% performance fees. The V3 yvUSD vault charges nothing.
The competitive question is whether the additional 2-4% yield over Aave justifies the additional risk surface. For someone sitting on stablecoins they don’t need for three months, I think the answer is probably yes, especially in unlocked mode where you retain withdrawal flexibility. For someone who can’t tolerate any smart contract risk beyond the most battle-tested protocols, Aave is still the right call.
Projected returns on $100K Assuming daily compounding:
Timeframe Conservative 7% APY Boosted ~40% APY (temporary) 1 month ~$583 ~$3,300 3 months ~$1,750 ~$10,000 6 months ~$3,500 ~$20,000 12 months ~$7,000 N/A (won’t persist) The 7% column is your planning number. The boosted column is useful for understanding what the first few weeks or months might look like while incentive programs are active, but don’t build a financial plan around it.
Getting started Navigate to yearn.fi/v3/1/0x696d02Db93291651ED510704c9b286841d506987 Connect your wallet Choose unlocked or locked mode Deposit USDC and receive yvUSD shares There is no step 5. No claiming, no harvesting, no rebalancing. Your PPS increases as the vault accrues yield. To monitor positions: DeBank transparency bundle
What’s next: yvBTC Yearn has signaled that yvBTC is coming, following the same zero-fee, cross-chain, delta-neutral philosophy applied to Bitcoin. If yvUSD proves the model works for stablecoins, yvBTC would extend it to the most held crypto asset. Worth watching, though no timeline has been confirmed.
Where I land yvUSD is a well-designed product for a specific user: someone holding USDC who wants more than money-market rates, doesn’t want to actively manage positions across five different protocols, and is comfortable with a 3/5 risk profile in exchange for 6-8% passive yield.
The zero-fee structure is the detail that moves it from “interesting” to “worth seriously considering.” In most yield aggregators, fees eat 20% or more of your returns. Here, every basis point goes to depositors. That’s a meaningful edge over time.
The risk is real. Multiple strategies, leverage in the mix, points bets on pre-TGE tokens, duration exposure in Pendle PTs. None of this is Aave-simple, and the vault page doesn’t hide that (the 3/5 self-rating is refreshingly honest). But the risks are transparent, verifiable on-chain, and sized proportionally within the portfolio. The conservative core (Morpho lending + sUSDS) accounts for nearly 40% of the vault. The speculative tail (points farming) accounts for about 29%. The fixed-income middle (Pendle PTs) fills the rest.
If you’re comfortable with that structure, deposit what you can afford to have illiquid for a couple of weeks in the worst case. Start with unlocked mode if you’re cautious. And check the DeBank bundle periodically to verify the vault’s positions match what’s described here, because in DeFi, the ability to verify is the whole point.
This article is for informational purposes only and does not constitute financial advice. Always conduct your own research and understand the risks before making any investment decisions.
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2 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
2 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
PANews reported on May 27th that the Resolv Foundation announced a comprehensive recovery path for the USR security incident on March 22nd . This incident resulted in illegally minted USR tokens entering the market, forcing the protocol to suspend operations and enter recovery mode. The recovery framework follows the protocol's design principles: USR acts as the priority layer, with RLPs acting as the secondary layer to absorb the losses. The recovery plan is differentiated by user category, covering direct holders of USR/wstUSR, LP positions, lending market users, RLP holders, USR Yield Maxi vaults, Pendle positions, and other structured products. Specifically, USR/wstUSR held before the incident will be exchanged for USDC at a 1:1 ratio, while USR/wstUSR acquired after the incident will be exchanged for USDC at a 1:0.5 ratio. The RLP reference price has been reset to 55% of the last reference price before the incident, meaning 1 RLP is exchanged for 0.71 USDC, plus 2.71 RESOLV tokens per RLP.
The foundation will allocate 10% of the total RESOLV token supply for recovery, with 70% distributed to affected RLP holders. Eligible users can claim recovery payments between May 26 and August 26. Simultaneously, Resolv launched a new business line, Vault Street, focusing on the distribution of tokenized real-world assets. Its first product, primeUSD (a leveraged RWA product), has entered private testing and is expected to be fully launched publicly in June.
PANews reported on May 28th that, according to SoSoValue data, the cryptocurrency market declined across the board after several days of consolidation. The RWA sector led the decline with a 6.57% drop in the past 24 hours. Within the sector, Keeta (KTA) and Pendle (PENDLE) fell by 11.88% and 13.36% respectively. Meanwhile, Bitcoin (BTC) fell 2.13%, breaking below $75,000; Ethereum (ETH) fell 2.61%, dropping to around $2,000.
In other sectors, the PayFi sector fell 0.86% in the last 24 hours, with Stellar (XLM) bucking the trend and rising 17.04%; the CeFi sector fell 1.54%, with NEXO (NEXO) remaining relatively strong, rising 0.73%; the Meme sector fell 1.87%, with SPX6900 (SPX) falling 5.87%; the Layer 1 sector fell 2.27%, with Zcash (ZEC) falling 6.47%; the Layer 2 sector fell 2.98%, with Celestia (TIA) falling 6.04%; and the DeFi sector fell 3.29%, with Ondo Finance (ONDO) falling 7.45%.
Introducing the Pendle wOUSD MarketwOUSD is now listed on Pendle with LP incentives live on the pool.
Pendle is a yield trading protocol that splits yield-bearing tokens into fixed and variable components, enabling fixed-rate access to yield that would otherwise only be available as a variable rate. Liquidity providers are currently earning over 150% APY with incentives, while any holder can now lock in 3.5% APY on OUSD yield through December 16, 2026.
What wOUSD IsOrigin Dollar is a yield-bearing stablecoin backed entirely by USDC. Rather than sitting idle, OUSD's collateral is deployed across curated Morpho Vaults, currently generating 6.1% APY. These vaults span lending markets on Ethereum, Base, and HyperLiquid, with yield bridged back to OUSD holders on Ethereum mainnet automatically.
wOUSD is the ERC-4626 wrapper around OUSD. While OUSD rebases (your balance grows as yield accrues), wOUSD holds a fixed token balance while its redemption value appreciates. That makes it compatible with protocols like Pendle that do not support rebasing tokens.
How wOUSD Works on PendlePendle splits wOUSD into two tokens: PT-wOUSD and YT-wOUSD.
PT-wOUSD represents the principal. It trades at a discount and redeems 1:1 with OUSD at maturity on December 16, 2026, locking in a 5.5% fixed APY on stablecoin yield for the duration. For holders who want predictable returns without managing yield rate risk, PT is the straightforward path.
YT-wOUSD represents the yield. Holders receive the variable yield accruing on wOUSD until maturity: a leveraged position for those who expect OUSD's underlying yield to increase.
LPs power the market for both. By providing liquidity to the wOUSD pool, LPs enable PT and YT trading and earn fees from both sides of that activity.
Deposit wOUSD on Pendle, Earn IncentivesFor wOUSD holders: fixed-rate stablecoin yield is now accessible without leaving the OUSD ecosystem. Locking in 3.5% APY through December removes exposure to yield rate fluctuation while keeping the position in a USDC-backed asset.
For LPs: the pool structure limits downside in a way most AMM positions cannot offer. At maturity on December 16, PT redeems 1:1 with OUSD. The structure guarantees zero impermanent loss at expiry. LPs earn trading fees from both PT and YT activity, plus additional incentives bringing total current APY to over 150%.
Get StartedWhether you're locking in a fixed rate with PT or providing liquidity to earn incentives, the wOUSD pool on Pendle offers both paths from a single USDC-backed asset. We look forward to growing the integration with the Pendle ecosystem as the pool develops.
RWA is Pendle's dominant Q2 2026 narrative, and today, one of the most structurally distinct entrants joins the market. nOPAL is now live on Pendle ETH mainnet, offering a 120-day market with a ~11% current fixed APY for PT buyers.
LP nOPAL current 77.47% APY
This is real credit, settled by Visa and Mastercard, brought on-chain.
Explore the nOPAL LP Market HERE
What Is nOPAL?nOPAL is a tokenized vault issued by BlackOpal Finance, backed by Brazilian credit card receivables. BlackOpal purchases future receivables from merchants at a discount, a true sale registered in Brazil's Central Bank C3 Registry, and collections flow automatically through Visa / Mastercard settlement rails. No merchant repayment risk.
The vault delivers:
~11.5% current base yield (USD-denominated, FX-hedged)has a 0% default rate since inceptionis audited by 0xMacro and Spearbit. BlackOpal brings 25+ years of credit market experience and $200M+ in institutional backing to the structure.
New to nOPAL? Here's how to get started:
Mint nOPAL on Nest → https://www.nest.credit/vaults/nest-opal-vault Deposit pUSD or USDC to mint nOPAL directly on Plume. No KYC required, no redemption fees.Bridge nOPAL to Ethereum We've built a LayerZero bridge directly into the Nest UI, no third-party bridge needed. Once you've minted nOPAL, go to your portfolio, click Bridge, and send your nOPAL to Ethereum mainnet in one click.Deposit into the Pendle market Head to the Pendle market link above, connect your Ethereum wallet, and deposit nOPAL to access PT or LP positions.The Pendle MarketPendle splits nOPAL into two tokens:
PT (Principal Token) locks in a fixed yield and redeems at face value at maturity. PT buyers are currently targeting ~11% implied fixed APY over 120 days, roughly 2.5–3x what T-bill-backed stables and USDG alternatives currently yield on Pendle.
YT (Yield Token) captures the floating yield generated by nOPAL and is levered to yield movements. YT is capital-efficient: a small amount of capital controls exposure to the full underlying yield stream. If realized yield exceeds the implied yield at the time of purchase, YT holders profit, and vice versa. YT is suited for users with a directional view on credit yields or those looking for leveraged RWA exposure without holding the underlying asset directly.
Important for YT buyers: At launch, pool depth is being seeded and liquidity will be thinner in the early days. We recommend using limit orders rather than market orders to avoid slippage when buying or selling YT. As LP depth builds over the first few weeks, execution will tighten.
Incentives & How to ParticipateTo buy PT (lock in fixed yield):
Go to app.pendle.finance.nOPAL Select PT-nOPAL on ETH mainnetBuy PT to lock in your fixed APY through the 120-day maturityHold to maturity and redeem at face value, or sell PT on the secondary market anytimeTo buy YT (go long on floating yield):
Select YT-nOPAL at the same link aboveYT is capital-efficient and levered to yield, use limit orders at launch to avoid slippage while the pool is being seededTo LP (earn incentives + fees):
Provide nOPAL liquidity into the Pendle poolEarn swap fees from PT/YT trading activity, LP incentives in PLUME, and PENDLE emissions from Pendle's AIM programWhy nOPALThe 120-day tenor, zero default history, and card-network settlement infrastructure make nOPAL one of the most compelling fixed-rate RWA positions available on-chain right now. For DeFi users who've been waiting for high-yield, short-duration credit that doesn't just repackage Treasury exposure, this is it.
Mu Digital is bringing Asian credit yields onchain through an integration with Pendle Finance, giving DeFi users access to tokenized exposure tied to sovereign bonds, corporate debt, and private credit across Asia.
The Hong Kong based tokenization platform says the integration marks the first instance of Asian credit yields being traded as fixed income instruments onchain. Asia’s credit market is estimated at roughly $20 trillion, but most of it has remained inaccessible to DeFi users.
Mu Digital’s core products are AZND and loAZND. AZND is a synthetic stable yield token backed by diversified Asian credit instruments, while loAZND is the locked version used inside Pendle’s yield trading system.
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Pendle splits yield bearing assets into Principal Tokens and Yield Tokens. Principal Tokens let users lock in fixed rates, while Yield Tokens allow users to speculate on future yield. That structure lets loAZND trade more like a fixed income product inside DeFi.
The active loAZND pool on Pendle holds about $546,000 in total value locked, with a base APY of roughly 6.75% and a fixed PT APY of 8.19%. The pool is set to mature on July 2.
Mu Digital’s senior AZND products target yields in the 6% to 10% range, while junior products such as muBOND can reach up to 15%. The higher yield comes with higher risk, reflecting the basic logic of structured credit.
The company raised $1.5 million in pre seed funding, with investors including UOB Venture Management, CMS Holdings, Signum Capital, Cointelegraph Accelerator, and Echo. UOB Venture Management is the venture arm of United Overseas Bank, giving the project backing from a major Southeast Asian financial institution.
To build early liquidity, Mu Digital launched an Infinite Ways to Earn campaign in January, aimed at attracting deposits into its Pendle pools and expanding access to Asian credit products onchain.
The integration adds another layer to DeFi’s real world asset push. Treasury backed products have dominated tokenized yield so far, but Mu Digital is betting that Asian credit can become a new source of onchain fixed income demand.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Sky (formerly MakerDAO) launched Fixed Yield on Wednesday — a term-based alternative to the variable Sky Savings Rate built on Pendle Protocol v2, giving sUSDS depositors a locked rate to a named maturity date.
Sky (formerly MakerDAO), the protocol behind the $11 billion USDS stablecoin, launched a fixed-yield product Wednesday that lets depositors lock in a set return to a named maturity date using Pendle's yield-tokenization infrastructure. The product, called Fixed Yield, is now live at sky.money/fixed-yield, Sky said on X.
The launch targets users of sUSDS, Sky's savings-rate token, which holds $6.16 billion in market capitalization, by offering a term-based alternative to the variable Sky Savings Rate (SSR). At the time of writing, th fixed-yield market shows a 5.38% APY with a Nov. 26 maturity date, per the sky.money product page. The SSR's own variable rate sits at 3.60% APY for the same sUSDS pool on DefiLlama.
The product is built on Pendle Protocol v2, which splits yield-bearing tokens into Principal Tokens and Yield Tokens. When a user supplies USDS, USDC, or sUSDS into a Fixed Yield market, the protocol issues PT-sUSDS — a Pendle principal token that matures on a date chosen by Sky. Holding to maturity locks the entry rate. Exiting early means selling the PT position at prevailing market prices, which may be above or below the entry price.
Sky's Role and Pendle's InfrastructureSky sets the maturity dates when it opens each market. The rate itself is market-driven, set by trading activity in the Pendle pool rather than by Sky's governance. Sky makes clear on its product page that it does not set, control, or guarantee the rate.
Sky (sky-lending) holds $5.91 billion in total value locked, per DefiLlama, making it one of DeFi's largest CDP protocols. Pendle, the fixed-yield infrastructure layer, holds $1.23 billion in TVL across Ethereum, Arbitrum and Plasma.
The launch follows Wednesday's Pendle listing on Revolut, the European fintech with roughly 20 million crypto users, which expanded token distribution but not Pendle's actual fixed-yield product access. This integration goes the other direction: it brings Pendle's PT mechanics onto Sky's own product surface, inside the protocol rather than on a trading app.
The SSR has drifted lower over recent months. A fixed product offering a premium above spot gives rate-sensitive depositors a reason to commit capital to a term rather than stay floating.
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
2 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
2 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
2 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
2 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
2 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
PANews reported on June 8th that the decentralized stablecoin USDD officially announced the launch of the PT-sUSDD/USDT and PT-sUSDD/USDC markets on Morpho. Users can exchange USDT for PT-sUSDD on Pendle and then borrow USDT or USDC on Morpho by pledging PT-sUSDD.
This strategy is supported by Gauntlet. Currently, the relevant Vaults have low borrowing rates. Combined with the annualized return of PT-sUSDD, there is room for leverage operations. Theoretically, 10 revolving loans can yield an annualized return of nearly 30%. Users can participate according to their own risk preferences.
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
2 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
2 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
2 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
2 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
2 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
PANews reported on June 11 that, according to official sources, the credit protocol 3Jane announced the launch of a liquidity mining program. Minting USD3 will earn JANE tokens. USD3 is a credit-backed yield coin that earns yields from warehousing facilities, forward liquidity programs, and credit lines, and belongs to the priority tier. sUSD3 is a staked version of USD3 with leveraged exposure to the pool and belongs to the secondary tier.
The initial incentive pool includes Curve, Frax, Morpho, Pendle, and others, with an initial allocation of approximately 1.35 million JANE tokens. The final supply of JANE tokens will be between 1.11 billion and 6.67 billion, with transfers enabled and final minting completed in 2026. Locked JANE allocations can be claimed every 7 days, and all allocations will go to liquidity providers until the final minting.
DeFi yields are compressing. Aave USDC sits at ~3% while other stablecoins struggle to reach 4-6%.
The search for real yield has begun, and this week’s unexpected DeFi stress test was instructive.
It highlights why we launched the nOPAL market on Pendle in the first place, and some of the challenges facing onchain yield today.
What Happened To DeFi?The week started with a strong BTC sell-off.
apxUSD holders felt it first, a product previously yielding ~15%, structured as an overcollateralized wrapper of Strategy's STRC perpetual preferred stock. When BTC dropped, STRC dropped with it, and holders wanted out.
Native redemption on apxUSD runs 3–20 days. In a fast-moving market, even a few days is too long, so anyone wanting an immediate exit had to route through a DEX and absorb significant slippage.
re.xyz holders had it worse. A separate reinsurance product, re.xyz operates on quarterly redemption windows. Capital is locked for months regardless of what the market does. In a sell-off, there is no exit at par.
These aren't product failures. They're structural gaps the market is only starting to price in: yield is marketed, liquidity is footnoted.
We launched nOPAL on Pendle one week ago to address exactly this gap. We did it before anyone even asked, and for this exact reason.
This week, the market delivered an uncontrolled test, and it proved the nOPAL thesis.
What Is nOPAL and What Problem Does It Solve?Start with the transaction. Someone taps a credit card in Brazil. The merchant gets paid in 30 days. Visa and Mastercard sit in the middle, processing settlement.
That 30-day gap is the asset.
BlackOpal Finance, a credit team with 25+ years of experience and $200M+ in institutional backing, buys those future receivables from merchants at a discount, then registers them in Brazil's Central Bank C3 Registry as a true sale. Not a loan, not a synthetic, not a wrapper. An actual transfer of the future cash flow.
When the cardholder pays the issuer bank, the money flows through Visa/Mastercard settlement rails directly to BlackOpal. The discount BlackOpal earned upfront is the yield: ~11–13% in USD, FX-hedged.
Visa and Mastercard process card payments whether or not anyone is paying attention to crypto cycles. If an acquirer or issuer bank fails, the network itself is the guarantor of last resort. Credit risk sits at the payment network level, not at the merchant, not at the bank.
That's how nOPAL has run a 0% default rate since inception, with audits from 0xMacro and Spearbit.
The yield isn't manufactured. It isn't paid in tokens. It doesn't taper. It's the discount on a short-dated claim against the world's two largest payment networks.
Why the Market Is Pricing This Wrong
Onchain lending yields have compressed to 3–5%. T-bill RWAs on Pendle average 4–6%. Native onchain yield is anchored to the U.S. risk-free rate, which means real yield onchain is currently unattractive relative to what's available offchain.
nOPAL sits 2–3x above the next-best RWA on Pendle, not from incentive games, but because short-term receivables in an emerging-market payment network yield more than short-term U.S. Treasuries. That spread is what we brought onchain.
It's also the only short-term receivables product on Pendle. New asset category, not another T-bill pool. No leverage. No lock-ups. The yield is simply the yield.
How nOPAL Solves The Onchain Redemption ProblemThis week exposed a hidden risk in most RWA yield products: exit mechanics need to be stress-tested under real market conditions.
apxUSD redemptions can run up to 20 days, which looks fine on paper. When BTC sold off, the wrapper drifted below peg, and holders were left with only difficult choices: wait out the redemption queue, or take a meaningful haircut by exiting through a DEX while the market was still moving.
The episode pulled scrutiny onto other RWA structures with similar exit profiles. re.xyz, a separate reinsurance product, runs quarterly redemption windows, locking capital for months regardless of market conditions. Different design, same problem.
Even a strong product with poorly designed exit mechanics can leave holders with what is effectively a term deposit of uncertain duration. Yield is marketed; liquidity is footnoted.
nOPAL was structured for exactly this scenario. Nest runs a dedicated liquidity sleeve that processes redemptions on a rolling basis while the underlying receivables settle in the background. Holders get a predictable, fast exit, even when the market is in motion.
The numbers:
Average redemption time: ~30 minutesMaximum redemption: T+4 — hard cap, not a guidelineZero BTC correlation — yield comes from Visa/MC payment flows, uncorrelated to crypto marketsWhen this week's BTC sell-off happened, nOPAL holders could exit cleanly. That's not a marketing claim. It's a function of how the asset was structured before a single token was minted.
At 11–13% base yield with 30-minute average redemptions, nOPAL wins on both yield and liquidity simultaneously. For sophisticated users, that combination is rare.
nOPAL on Pendle One Week LaternOPAL launched on Pendle Finance on Ethereum mainnet as a 100-day PT/YT market maturing September 16, 2026.One week in, and the numbers speak for themselves.
The pool has grown from $492k at seed to $1.74M. nOPAL is currently the #1 incentivized market on Pendle. PT-nOPAL offers ~10% implied fixed APY through maturity, the cleanest fixed-rate RWA position on Pendle for anyone rotating out of compressed stablecoin yields.
YT buyers are positioned to capture the gap between implied yield and realized yield plus incentives as the market catches up to nOPAL's real yield profile. LPs earn an aggregated ~25% APY from nOPAL base yield, PLUME emissions, PENDLE AIM auto-emissions, and swap fees.
EtherFi, one of the largest DeFi protocols by TVL, has integrated with Nest, bringing their user base direct access to nOPAL yield. Protocols with sophisticated user bases are recognizing that sustainable RWA yield with real liquidity is the next chapter of DeFi.
The market is early and the incentives are front-loaded. Early LPs capture the most. Early PT buyers lock in the highest fixed rates before more capital compresses implied yield.
Get StartedStep 1 — Mint nOPAL on Nest Deposit pUSD or USDC at nest.credit/vaults/nest-opal-vault. No KYC required, no redemption fees.
Step 2 — Bridge to Ethereum LayerZero bridge is built directly into the Nest UI. Go to your portfolio, click Bridge, and send nOPAL to Ethereum mainnet in one click. No third-party bridge required.
Step 3 — Access the Pendle market Choose your position — PT for fixed yield, YT for leveraged floating yield, or LP for incentivized liquidity.
LP on Pendle →
For DeFi users who have been waiting for RWA yield that behaves the way it should when markets get difficult — this is it.
Fortune Magazine just published its first-ever Crypto Innovators list, and Pendle Finance made the cut. The list highlights 30 companies that Fortune considers leaders in the digital assets ecosystem, and Pendle’s inclusion puts the yield tokenization protocol in some notable company.
What Pendle actually does The protocol lets users divide yield-bearing assets into principal tokens (PT) and yield tokens (YT). The principal token gives you a fixed return at maturity, basically locking in your yield. The yield token lets you speculate on whether future yields will go up or down.
Founded in 2020 by TN Lee and Vu Nguyen, the protocol operates across multiple blockchain networks. Its current total value locked sits at approximately $1.15 billion, a substantial sum but far below its peak.
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That peak? Over $8 billion in 2025, with an average TVL of roughly $5.7 billion throughout the year.
Recent moves that caught Fortune’s attention In January 2026, the team introduced sPENDLE, a liquid staking token that replaced the protocol’s previous lockup model. The old system required multi-year commitments from stakers. The new one lets users withdraw after just 14 days.
Before that, in August 2025, Pendle launched its Boros platform on the Arbitrum network. Boros takes a different approach entirely: it tokenizes perpetual funding rates into tradable instruments.
Fortune’s list, published on June 11, 2026, appears to have weighed these innovations heavily.
What this means for investors For DeFi participants already familiar with yield strategies, Pendle’s evolving product suite opens real doors. The combination of PT/YT splitting, sPENDLE’s flexible staking, and Boros’s funding rate markets creates a toolkit that didn’t exist two years ago.
The risk side deserves attention too. Pendle’s TVL dropping from $8 billion to $1.15 billion shows how quickly liquidity can exit DeFi protocols. Smart contract risk, oracle dependencies, and the inherent complexity of yield tokenization all remain factors that investors need to underwrite before committing capital.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Pendle Finance has scooped up over 1.72 million PENDLE tokens through its buyback program since January, distributing them directly to stakers. On top of that, sPENDLE holders have collected roughly $1.4 million in airdrops year-to-date.
The numbers represent the first major proof point for Pendle’s overhauled tokenomics, which replaced the old vePENDLE lockup system with a more liquid staking model at the start of the year.
How the buyback machine works Up to 80% of protocol revenue gets allocated to PENDLE token purchases. That revenue comes from three sources: yield fees on Pendle V2, swap fees on V2, and fees from Boros.
The buybacks happen on a fixed schedule. Every two weeks, a dedicated smart contract initiates purchases, with the actual buying spread across the following week. The tokens then flow to sPENDLE holders proportional to their stake.
Since sPENDLE launched on January 20, 2026, exactly 1,722,192 PENDLE tokens have been bought back and distributed through this system.
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Why sPENDLE replaced vePENDLE The previous vePENDLE system followed the vote-escrow model popularized by Curve Finance. Lock your tokens for a set period, get voting power and rewards. The longer the lock, the bigger the boost.
sPENDLE introduces a 14-day withdrawal period instead of lengthy lockups. Stakers still earn rewards from protocol revenue and airdrops, but they’re not committing their tokens to a multi-month or multi-year sentence.
Pendle’s position in the yield-trading landscape Pendle operates as the largest yield-trading platform in DeFi. Its core innovation is yield tokenization, which splits yield-bearing assets into two components: Principal Tokens (PT) and Yield Tokens (YT).
PTs represent the principal value of an asset at maturity, effectively giving holders fixed-rate exposure. YTs capture all the yield generated until maturity, offering leveraged exposure to variable rates.
The platform supports tokenization across a broad range of assets, including liquid staking tokens (LSTs), liquid restaking tokens (LRTs), and stablecoins.
What this means for investors The buyback-and-distribute model creates a direct feedback loop between protocol usage and token holder returns. More trading volume on Pendle means more fees, which means more PENDLE purchased on the open market, which means more tokens flowing to stakers.
The $1.4 million in airdrops adds another dimension. These appear to come from external protocols distributing tokens to Pendle participants, a side benefit of the platform’s deep integration with the broader DeFi ecosystem.
For existing PENDLE holders, the math is relatively simple. Staking into sPENDLE with a 14-day unstaking period gives you exposure to biweekly buyback distributions plus whatever airdrops land. The opportunity cost is two weeks of illiquidity.
For prospective investors evaluating the token, the key metric to track is protocol revenue growth. With 1,722,192 tokens bought back since January 20, 2026, the annualized rate gives a rough sense of the yield being generated, but that rate will fluctuate with market conditions and trading activity.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
2 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
2 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
2 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
2 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
2 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
Pendle’s sUSDS pool crossed $50 million in total value locked less than two weeks after going live. For a single yield pool on a single protocol, that’s the kind of traction most DeFi projects spend months trying to manufacture.
The pool launched around June 4 as part of a collaboration between Pendle and Sky, the protocol formerly known as MakerDAO. The product is straightforward in concept: it lets users lock in a fixed interest rate on sUSDS deposits through a specific maturity date, rather than riding the variable rate that sUSDS normally offers.
Why fixed yields are drawing capital The Sky Savings Rate, which underpins sUSDS yield, was sitting at roughly 3.6% APY when the Pendle pool launched. Early data showed the pool offering fixed APYs between approximately 4.74% and 5.38%, a meaningful premium over the variable baseline. In English: users were locking in returns roughly 30-50% higher than what they’d get just holding sUSDS in Sky’s savings contract.
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The pool also demonstrated serious depth. Swaps of up to $27 million could be executed without triggering impermanent loss for liquidity providers who hold through maturity.
The Sky ecosystem’s gravitational pull Sky’s yield-bearing stablecoin carries a market capitalization of approximately $6 billion, making it one of the largest pools of stablecoin capital in DeFi. The $50 million that flowed into Pendle’s pool represents less than 1% of that total addressable market.
Pendle’s total TVL across all chains and yield markets stood at roughly $1.18 billion as of mid-June 2026. The sUSDS pool already accounts for about 4% of Pendle’s entire platform TVL after barely two weeks of existence.
What this means for investors For retail participants, a fixed rate between 4.74% and 5.38% on a stablecoin deposit beats most traditional savings accounts and money market funds. The trade-off is smart contract risk and the requirement to hold through maturity.
For institutional and larger allocators, the liquidity depth is the selling point. The ability to move $27 million through the pool without adverse price impact removes one of the primary barriers that keeps bigger players on the sidelines of DeFi yield strategies.
There’s a risk dimension too, naturally. Fixed-rate products on Pendle work through a specific mechanism: when you buy a principal token at a discount and hold to maturity, you effectively lock in your rate. But if the underlying variable rate rises significantly above your fixed rate before maturity, you’ve left yield on the table. The current spread of roughly 1-2 percentage points above the Sky Savings Rate gives some buffer, but it’s not infinite.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Danske Bank: Federal Reserve may raise interest rates at least twice
Danske Bank senior analyst Kirstine Kundby-Nielsen and chief analyst Jens Peter Sorensen stated in a report that they expect the U.S. Federal Reserve to raise interest rates twice, in December 2026 and March 2027 respectively, bringing the federal funds rate to 4.00%-4.25%. "However, we emphasize there is a risk that rate hikes could come earlier and that the number of hikes may exceed two," they said. The first Federal Reserve meeting led by Kevin Warsh sent a clear signal that the Fed is increasingly moving away from forward guidance surrounding future monetary policy decisions. "All signs indicate that (the Fed) is leaning toward having greater discretion in future policy decisions," the Danske Bank analysts added. Source: Jin10
2 minutes ago
SK Hynix's stock price rise widened to 15.4%, while Samsung Electronics gained 6.3%.
According to Bitget data, SK Hynix’s stock price gain has widened to 15.4%, with Samsung Electronics up 6.3%.
2 minutes ago
The entire cryptocurrency market is down across the board; funding rates indicate BTC remains in bearish territory, while ETH’s bullish sentiment is significantly stronger than BTC’s.
According to HTX market data, Bitcoin is currently trading at $61,684.51, down 1.88% in the past 24 hours; Ethereum is at $1,647.36, down 1.48% over the same period. Current funding rates on major centralized exchanges (CEXs) show a clear divergence between BTC and ETH: BTC rates across all platforms have fallen back into bearish territory, while ETH rates on most platforms remain above the neutral range, indicating significantly stronger bullish sentiment for ETH than BTC. BlockBeats Note: Funding rates are fees set by cryptocurrency trading platforms to maintain the balance between contract prices and underlying asset prices, typically applicable to perpetual contracts. They serve as a fund exchange mechanism between long and short traders; platforms do not collect these fees, instead using them to adjust the cost or return of traders holding contracts, so that contract prices stay close to the underlying asset prices. A funding rate of 0.01% is the benchmark. A rate above 0.01% indicates broad bullish market sentiment, while a rate below 0.005% signals widespread bearish sentiment.
2 minutes ago
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
2 minutes ago
Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
2 minutes ago
China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
PANews reported on May 20th that, according to SoSoValue data, the entire crypto market sector experienced a pullback. The RWA sector, which performed strongly yesterday, led the decline with a 3.13% drop in the last 24 hours. Within the sector, Centrifuge (CFG) fell 8.40%, while Ondo Finance (ONDO) and Pendle (PENDLE) fell 3.02% and 6.08% respectively. The GameFi sector fell 2.59%, with WEMIX bucking the trend and rising 2.01%.
In other sectors, the Meme sector fell 0.73% in the last 24 hours, but Banana For Scale (BANANA) surged 17.23% and Siren (SIREN) rose 8.27%; the Layer 1 sector fell 0.87%, while Algorand (ALGO) rose 7.52%; the CeFi sector fell 1.03%, with NEXO (NEXO) remaining relatively strong, rising 1.61% intraday; the DeFi sector fell 1.49%, with Morpho Token (MORPHO) rising 3.34%; the Layer 2 sector fell 1.80%, with Arbitrum (ARB) falling 2.74%; and the PayFi sector fell 2.41%, but Telcoin (TEL) rose 4.66%.
ONDO is one of the RWA tokens attracting huge attention. Whale activity spikes amid tokenization spree. Data shows whales are buying tokens such as Polymesh, Pendle and TokenFi. Ondo Finance has surged into the top 100 cryptocurrencies by market cap amid upside momentum for its native token ONDO.
On Monday, March 25, the price of ONDO rose to a new all-time high of $0.9702. Intraday gains at the time of writing was 15%, while Ondo Finance has surged more than 88% this past week and over 116% in the last 30 days.
ONDO price hovered around $0.8997 at the time of writing.
ONDO surges amid whale activity The real-world-assets (RWAs) space is one of the hottest crypto segments today, with multiple projects in the sector rallying amid unprecedented surge in interest and investment.
Whales or large investors have aggressively looked to add to their positions in RWA related coins.
Ondo Finance’s growth in the RWA ecosystem has seen large investors take notice. Data shared by Lookonchain shows large withdrawals of ONDO from exchanges. This includes 6.53 million ONDO from Bybit last month and 2.9 million ONDO from Gateio earlier today
Ondo Finance announced the launch of Ondo Global Markets in February. The mission is to bring publicly-traded securities on-chain, offering native access to traditional securities.
Meanwhile, the price of Ondo recently jumped by more than 40% as the market reacted to news around BlackRock’s USD Institutional Digital Liquidity Fund.
Other than ONDO, other tokens witnessing huge attention across the space are Centrifuge, Polymesh, Pendle and TokenFi. Polymesh’s price has jumped 87% this past week, while TokenFi’s price has jumped 160%.
According to data from CoinGecko, the RWA market cap has increased by more than 17% in the past 24 hours to over $6.6 billion. The 24-hour trading volume for the sector is over $1.16 billion.
Ondo Finance continues solidifying its name in the RWA space, with the network’s TVL soaring past the $500 million threshold.
It comes as real-world assets tokenization gains mainstream attention, with crypto-focused companies, global bankers, and asset managers front-running this interest.
ONDO Thrives on Real World Assets Tokenization BuzzOndo Finance’s Total Value Locked (TVL) has exploded 43% since May, moving from $352.67 million on May 1 to $506 million on June 6.
TVL is an important metric used to measure the adoption and success of decentralized finance platforms. The surge in Ondo Finance TVL indicates a significant increase in assets deposited into the protocol. It highlights growing interest, market confidence, increased activity, and the potential for ONDO price increase.
According to CoinGecko, ONDO stands out as the leader in RWA coins, boasting a market capitalization of $2 billion, which represents 21% of the $9.3 billion sector. Other prominent tokens include Pendle (PENDLE), MANTRA (OM), XDC Network (XDC), and Polymesh (POLYX).
Read More: What Are Tokenized Real-World Assets (RWA)? Everything You Need to Know
ONDO TVL. Source: DefiLlamaThe recent surge in TVL can be attributed to the growing interest among crypto-focused companies, global bankers, and asset managers in bringing traditional financial instruments such as bonds, funds, or credit to blockchains. Among them, BlackRock launched its tokenized treasury bond, BUIDL, on the Ethereum network.
Recognizing the fundamental potential of tokenizing securities to transform capital markets, the US Congress is acknowledging TradFi’s integration into the blockchain. In a Wednesday hearing, the US House Financial Services Digital Assets Subcommittee discussed the tokenization of RWAs, highlighting divergent views on the topic.
Read More: What is The Impact of Real World Asset (RWA) Tokenization?
ONDO Price OutlookOndo’s native token is trading with a bullish bias, with immediate support at $1.36, defending the 23% gains made in the last seven days. In the previous 24 hours, the RWA token price is up almost 3% amid ongoing bullish efforts toward further upside. Notably, the next directional bias is contingent on how ONDO bulls play their hand as they contend against the $1.44 roadblock that has held as resistance for six consecutive days.
The Relative Strength Index (RSI) positions at 69, sustaining the higher low points to strong bullish momentum. If the RSI holds above the ascending trendline, the Ondo Finance price could extend a neck higher.
A stable candlestick close above $1.44, where the ONDO price effectively closes above the centerline of the ascending parallel channel, would increase the chances for further upside. This could potentially lead the token to reach a new all-time high of $1.60.
Read more: Real World Asset (RWA) Backed Tokens Explained
ONDO/USDT 1D Chart. Source: TradingViewThe Moving Average Convergence Divergence (MACD) is notable above the signal line (orange band). This indicates that the short-term moving average is above the long-term moving average, which usually suggests a bullish momentum in ONDO’s price.
However, a closer look reveals a dropping RSI and a weak MACD, indicating seller momentum. Therefore, a price correction could happen. If the $1.36 support level breaks, ONDO Finance could drop to test the $1.16 support level, but only a daily candlestick close below $0.98 would invalidate the bullish outlook.
