Aave · 3335

Aave V4 deposits are close to $750 million, attracting over $300 million in the past week

Comparatively, according to Cointelegraph, the deposit size of the V4 version of the decentralized lending protocol Aave is approaching $750 million. Over the past week, the release has attracted more than $3 billion in capital inflows, and deposits have grown significantly. As a mainstream DeFi lending platform, Aave's V4 upgrade continues to receive market attention, and recent net capital inflows reflect users' recognition of the protocol's liquidity and functionality.

13h ago

Is crypto returning to secondary investment? Take stock of high-quality tokens that have been rated by Standard Chartered

Comparing the news, with Bitcoin's recent 3-day rise of 20%, investors are speeding up the pace of returning to the native crypto family. According to the data, contract trading volume on the Binance platform soared by more than 600% in 3 days, indicating that investors may be stepping up the deployment of secondary market crypto projects. Standard Chartered Bank gave several initial ratings to various crypto market targets in the second half of this year, and the pull effect was evident after most of the ratings. Along with the strengthening of the market, there is a positive feedback effect on the tokenomics of most projects, and related projects may benefit from the recovery of cryptography and increase in market capitalization. The rating items and target prices are summarized as follows: On June 16, Standard Chartered Bank's research report covered Uniswap for the first time and predicted that its UNI token could rise 40 times to $100 by the end of 2030; On June 23, Geoff Kendrick, head of digital asset research at Standard Chartered, predicted that AAVE may rise to $3,500 by the end of 2030, which is about 50 times higher than the level of about $70 when the research report was published. On July 1, Standard Chartered Bank rated Morpho for the first time, and the project's token price is expected to rise 33 times to $60 by the end of 2030; On August 10, Standard Chartered Bank's research report covered Chainlink for the first time and predicted that its LINK token could rise 25 times to $200 by the end of 2030 from around $8 currently. It is worth pointing out that yesterday, Standard Chartered Bank analyst Geoff Kendrick said that Bitcoin may rise to $100,000 by the end of 2026, and its current key technical level is $65,500. If it breaks through this level, it may confirm that a low point in the current cycle has occurred. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1d agoburnking
Is the code no longer worth it? The $11.2 billion financing gave the same answer

Is the code no longer worth it? The $11.2 billion financing gave the same answer

Author: Shenchao TechFlow Original title: Revealing the $11.2 billion funding flow in half a year: The crypto industry's most valuable asset is changing from code to license Dubai crypto lawyer Irina Heaver and her team NeosLegal did a simple but powerful thing: sorting through all publicly disclosed crypto industry financings in the first half of 2026, totaling about $112 billion. The conclusion is only one sentence: every loan with a disclosed amount goes to a business that requires regulatory permission to operate. The top three tracks are: $3.7 billion in payments and stablecoins, $2 billion in forecasting markets, and $1.7 billion in exchanges and trading platforms. All three areas have one characteristic in common, requiring a license to operate lawfully in any major jurisdiction. Institutional capital's valuation logic for the crypto industry has changed from “what code can you do” to “do you have a license or not”. Who checks the cheque who pays the bill first. Kalshi closed a $1 billion financing round in May, with investors including Sequoia, Morgan Stanley, Ark Invest, and a16z. Polymarket received $600 million, and the lead investor was the Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange. It only predicted a single market track and completed 34 rounds of financing within half a year. Among the $3.7 billion in payments and stablecoin circuits, the names BlackRock, Goldman Sachs, and the Persian Gulf Sovereign Fund appear repeatedly. Vineet Budki, Managing Partner at Sigma Capital, put it bluntly: Regulatory licenses have gone from compliance footnotes to core valuation metrics. There is cold arithmetic behind this judgment. An application cycle for a MiCA license or Dubai VARA license usually takes 18 to 24 months and costs millions of dollars. Codes can be forked over the weekend; licenses can't. When venture capital evaluates two projects with similar functions, the one with the license naturally has a moat that cannot be quickly replicated by competitors. The license plate is a new moat to look at this phenomenon on a longer timeline. In 2020-2021, the main themes of crypto financing were protocols and infrastructure. Public chains, DeFi protocols, and NFT platforms have taken most of VC money. The investment logic is technical barriers and network effects. Whoever has the highest TVL, who has the most active developer ecosystem, is worth the most. In 2022 - 2023, the bear market cleaned out a number of pure narrative projects, and financing began to lean towards businesses with real income. Exchanges, wallets, and infrastructure companies have increased their share of financing. Data for the first half of 2026 show that this trend has reached a logical end: capital is no longer paying for technological innovation itself, but for “the ability to operate technological innovation within a compliance framework.” To put it bluntly, a code is a necessary condition; a license is a sufficient condition. This is highly consistent with the evolutionary path of the traditional financial industry. Fintech companies relied on technology disrupted financing in the early 2010s, and by the late 2010s, they relied on licenses and compliance capabilities. Stripe is worth 100 billion dollars, and the core barrier is its ability to operate in compliance in more than 40 countries, far exceeding the technical gap of the payments API itself. The crypto industry is following the same path, only faster. Funding flows and user activity are being split, but there is an important gap in this set of data: it only counts financing, not users. On-chain data shows that DeFi protocols are growing in TVL, DEX trading volume, and number of active addresses in the first half of 2026. Uniswap, Aave, and Jupiter's unlicensed daily activity and trading volume didn't shrink because VC money stopped flowing to them. Retail users are still trading, borrowing, and providing liquidity on the chain. This means that what is happening is a more subtle split rather than the “death of unlicensed agreements”: institutional capital is flowing to compliant, licensed centralized businesses, and retail user activity is still distributed in an unlicensed on-chain market. Money and people are moving in two directions. This split is most evident in the prediction market. Kalshi and Polymarket both predict markets, but Kalshi is a CFTC-registered exchange, and Polymarket has no license in the US. Kalshi got $1 billion in financing and Morgan Stanley...

5d ago深潮TechFlow#Kalshi #Exchanges #stablecoins #financing #Predicting the market

Fixed-rate lending agreement TermMax will conduct TGE on August 25

Comparatively, fixed-rate lending and revolving strategy protocol TermMax announced that the Token Generation Event (TGE) for its governance and utility token TMX is scheduled to be held on August 25, 2026. According to official reports, TermMax currently has more than 90 million US dollars in TVL, more than 1.5 million registered wallets, and more than 90,000 daily active users. It has been deployed on 10 EVM chains including Ethereum, BNB Chain, Arbitrum, Base, and Berachain, and integrated with Morpho, Aave, Venus, Pendle, etc. The total number of tokens is fixed at 1 billion, and rewards obtained through XP, AP, and MP will be claimed after TGE. Details of distribution, lock-up, and staking will be announced in advance. Previously. TermMax is supported by Cumberland DRW, Decima Fund, HashKey Capital, Longling Capital, and MZ Web3 Fund.

8d ago

Bitwise CIO: DeFi's market size and pricing power are underestimated at the same time, and the potential of projects such as Hyperliquid far exceeds imagination

Comparing the news, Matt Hougan, chief investment officer at Bitwise, said that people made two superimposed mistakes when evaluating current DeFi applications: Market size: People think they are targeting the $2 trillion cryptocurrency market; in fact, they are targeting the $500 trillion asset market. Value capture: People think they have reached the extreme in processing fee revenue; in fact, they have only just touched the surface. Projects such as Hyperliquid, Uniswap, Aave, Morpho, Aerodrome, Lighter, Pump, etc. have greater TAM (Total Addressable Market) and stronger pricing power than people think.

9d ago

Ether.fi launches tokenized stock trading, portfolio collateral loans and fiat accounts

In comparison, according to Decrypt, the decentralized finance platform Ether.fi announced that it has added tokenized stock, metal, and crypto asset transactions to its self-hosted application, and supports borrowing using multiple positions as collateral. Users can borrow a combination of assets and collateral through the Optimism-based Aave integrated marketplace, and transfer or consume borrowed funds without selling positions. Ether.fi said that fiat accounts support global deposits and withdrawals, covering more than 30 currencies and payment methods, but tokenized stock and metals trading is not open to users in the US and some other markets. Fiat accounts are only open to users who have completed payment card identity verification, and deposit and withdrawal speeds vary. Ether.fi will also launch automatic ETHFI buyback and offer 3% cashback on card purchases. Mike Silagadze, founder and CEO of Ether.fi, said that it will initially support Ethereum, Bitcoin, Hyperliquid, ETHFI, and some tokenized stocks and gold, and will add more collateral assets in the future.

9d ago

Andre Cronje: DeFi no longer exists, only on-chain finance is left

Comparing news, Andre Cronje, founder of the DeFi platform Flying Tulip and founder of Fantom Network, said that most DeFi protocols are no longer truly decentralized, and only a few niche sectors can still be called DeFi. In his opinion, DeFi has evolved into “on-chain finance” or “open finance.” He pointed out that true DeFi should have characteristics such as decentralization, immutability, and no intermediaries. Currently, intermediaries for most agreements have become companies and assume traditional financial institution functions such as decision makers and risk committees. Cronje said that doesn't mean real DeFi doesn't exist anymore, and some protocols are still innovating. According to DeFilLama data, the total hedging value of DeFi has dropped by more than half in the past 10 months from $167 billion in early October 2025 to $75 billion when the original article was published. The European Central Bank (ECB) analyzed Aave, MakerDAO, Ampleforth, and Uniswap in a working paper published in March and found that based on November 2022 and May 2023 position snapshots, the 100 addresses with the highest governance token holdings in the above agreement all control more than 80% of the token supply. The ECB therefore questioned the extent of decentralization of the DAO in question and whether it should continue to be considered a “fully decentralized” service not subject to the Crypto Asset Market Regulation Act (MiCA). This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

9d agoburnking

Protocol revenue is tied to token value, and Bitwise expects crypto asset valuations to at least double

Comparing news, Matt Hougan, chief investment officer at crypto asset management firm Bitwise, said that crypto asset valuations could at least double as agreements use revenue to buy back or destroy tokens. With the exception of Bitcoin, the crypto market is turning revenue-driven, but investors have yet to fully account for this change, and some assets are undervalued as a result. Hougan pointed out that Hyperliquid, Uniswap, Aave, Pump.fun, and Lighter have repurchased or removed tokens out of circulation through fees, and it is expected that DeFi applications and Layer-1 networks will adopt similar mechanisms within the next 12 to 24 months. Hyperliquid earned more than $800 million last year, about 99% to buy back and destroy HYPE; its second-quarter revenue was $169 million, of which $141 million was used to buy back HYPE. The Aave DAO buyback program purchased over 205,000 AAVE in the first 10 months. Aave founder Stani Kulechov said that the team is designing an automated buyback mechanism, and all revenue from Aave Protocol and GHO will go to AAVE tokens. Hougan believes that the US regulatory environment is becoming more relaxed, and regulatory guidelines may support the continued expansion of the crypto market without passing the CLARITY Act.

9d ago

Bitwise CIO: Tokens are capturing value through buybacks, and the market has yet to reprice

Comparing the news, Bitwise CIO Matt Hougan tweeted that the traditional idea that “tokens don't capture value” is out of date. He cited several agreements that are achieving value capture through repurchase and destruction mechanisms: Hyperliquid is using more than 97% of processing fees for repurchases (over $2 billion in total); Pump has destroyed 36% of supply and locked 50% of revenue for destruction; Uniswap has destroyed 107 million UNIs and the fee switch has been turned on; Aave has implemented automated repurchases; Aptos hardtop supplies and destroyed the 10-fold increase in fees; Solana is proposing to increase the cost by 12-14 times . Hougan believes the market has yet to fully reprice these changes.

9d ago