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weETH is the largest liquid restaking token in DeFi, and @ether_fi built it into the category's blue-chip standard.
In our latest article, we break down how weETH works, EtherFi's foundations, and how Sentora deploys it across strategies and lending markets. 👇
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Securitize listed on the NYSE last week and tokenized its own common stock on day one, issuing SECZ on Avalanche and Solana.
The issuer-sponsored tranche, valued near $266M to $295M, gives holders actual shareholder rights and the same legal treatment as the listed shares.
AVAX-2.61%
SOL0.31%
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代币化的现实世界资产(不包括稳定币)已在链上达到约 $32B ,自2024年初以来增长了十倍以上。
国库债务为市场提供锚定,而信用、大宗商品和上市股权在链上价值中的占比不断上升。
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Weighted average stablecoin supply rates on Ethereum mainnet now span 2.58% on Aave V3 to 4.67% on Fluid Lending.
A spread above 200 bps across major venues means venue selection drives a meaningful share of realized return for onchain capital.
ETH0.49%
AAVE-4.09%
FLUID4.62%
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This week’s key onchain metrics:
✔️DeFi TVL rose $3.99B to $98.35B, while stablecoin supply fell $3.26B.
✔️That points to capital moving out of idle cash and into onchain markets.
✔️USDC funding also tightened, with CDOR jumping to 6.36%, suggesting USDC borrow demand is outpacing supply on Aave.
AAVE-4.09%
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Global crypto ETP AUM sits at $140B, down ~15% YTD, while BTC coin holdings inside ETP structures remain within 8% of all-time highs at 1.25M BTC.
With Bitcoin down ~50% from its $126K peak, most of the AUM decline reflects mark-to-market moves rather than institutional exits.
BTC0.63%
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Circle's USYC is now the largest tokenized U.S. Treasury fund: $3.13B vs $2.40B.
The main driver of this growth is collateral plumbing: ~86% of USYC supply sits on BNB Chain as off-exchange margin.
CRCL-2.67%
BNB0.20%
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BlackRock's BUIDL spans 8 chains and Franklin Templeton's BENJI suite covers 9, yet Circle's USYC leads on AUM while concentrated on one.
In tokenized Treasuries, where a token plugs into collateral and liquidity rails matters more than how many chains it touches.
BLK-0.10%
BENJI-1.56%
CRCLX-2.76%
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Weekly DeFi liquidations are rising: $22.4M, up $17M from the prior week.
Yet, they are still well below the ~$102M spike from early June.
⚠️ Higher money-market stress is worth watching.
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BUIDL is still on eight networks. It still holds $2.40B. It still has a $5M minimum and daily wire settlement.
It lost the top spot because that structure does not fit fast collateral rotation.
Product quality and distribution fit are different things.
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Tokenized U.S. Treasuries on public chains: ~$15B, average yield ~3.35%.
The same T-bill exposure can now sit in lending, perps, or structured yield without waiting for banking hours.
Idle cash equivalent was the old framing. Productive collateral is the new one.
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In 2025, the average US savings account paid 0.4% APY.
$20K in savings returned $80. A yield-bearing stablecoin strategy would've returned $800 to $1,6K. And the difference accrued to the depositor, not the bank.
There's a new economy taking shape.
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USYC passed BUIDL in tokenized Treasury AUM.
$3.13B vs $2.40B.
Both hold short-duration Treasuries. Both yield ~3.1–3.4%. But ~86% of USYC supply sits on BNB Chain as off-exchange derivatives collateral. That is the entire story.
Collateral rails beat issuer brand.
BNB0.20%
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DeFi protocols operate block by block. The risk teams overseeing them run on group chats, conference calls, and signatures collected one by one.
That mismatch is a structural risk, and it compounds as vault complexity grows.
Read more:
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DeFi concentration rose as the market fell.
Capital that left the market withdrew from smaller venues first and stayed with the largest. The market contracted and concentrated in the same motion.
Dominance can increase through attrition alone:
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While aggregate value in tokenized stocks has remained relatively stable, holder growth tells a different story.
The number of addresses holding tokenized equities has increased by nearly 30% over the past month, suggesting adoption is still positive.
What do you think has to change before tokenized stocks can scale further?
source: @RWA_xyz
RWA-1.55%
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As AI-powered tools expand, the attack surface for credential exposure grows with them.
Legitimate integrations operate through delegated permissions and scoped API access. They do not require private keys.
Any workflow that does should be treated as a material security risk.
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Disciplined vault curation leaves an evidence trail: nearly 22,000 report files, 458 alert thresholds, 40+ protocols monitored block by block.
See what that infrastructure looks like in practice:
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Institutions will not navigate protocol interfaces. Retail users will not manage their own DeFi positions.
Both will tap a button inside an app they already trust. That is how the next wave of capital lands on DeFi.
Here's how that happens:
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Sentora's principle is simple: return of capital comes before return on capital.
In modular DeFi, that holds only when monitoring keeps pace with the market.
Our new report explains how.
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