DeFi
Decentralized Finance, the ecosystem of financial applications and services built on public blockchains.
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Cap Labs CAP Token Auction Closes at $106 Million FDV With 5.5x Oversubscription
Cap Labs' batch auction for its CAP governance token drew 1,002 bids and $16.4 million in commitments, clearing at $0.011 per token for a $106 million fully diluted valuation.

Zama, Morpho and Steakhouse Open First Confidential USDC Yield Vault on Ethereum
Zama, Morpho and Steakhouse open the first DeFi yield vault for Confidential USDC on June 23, routing encrypted cUSDC into Steakhouse Prime v2 on Morpho and putting fully homomorphic encryption to work in live lending.
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defi.com CEO Neil May Challenges Industry: "Most DeFi Projects Are Building Privacy for Anonymity, Not Privacy for People"
As the DeFi sector rushes to integrate zero-knowledge proofs and privacy pools, defi.com CEO Neil May has issued a sharp rebuke to the industry: the vast majority of privacy solutions are solving the wrong problem.

DeFi Saver announces Reward program as part of Hyperliquid integration
DeFi Saver has officially integrated Hyperliquid, the leading perpetual futures DEX, bringing futures trading and DeFi lending into one unified interface. A 50,000 USDC two-season incentives campaign opens June 8th.

Improbable invests $2M in Otomato to scale the first portfolio-aware intelligence layer for DeFi
Venture builder Improbable has invested $2 million in Otomato, the portfolio-aware DeFi intelligence layer that monitors users' on-chain positions 24/7 and alerts them when something materially changes their risk, cost, or opportunity.

ARIQO Makes Its Bangkok Debut at SEABW, Drawing Industry Attention
On May 21, ARIQO, an onchain financial platform, made its first public appearance at Southeast Asia Blockchain Week (SEABW) in Bangkok.

Raydium Surpasses $1T in Volume Following Robinhood and Revolut Listings
Two regulated consumer finance platforms serving more than 75 million users across the US, UK, and EU have listed RAY within a month.

Ondo Finance Adds 173 Tokenized Stocks and ETFs, Taking Catalog Past 430 Assets Across Three Chains
Ondo Finance expanded Ondo Global Markets with 173 new tokenized stocks and ETFs on Tuesday, lifting the platform's total catalog past 430 assets on Ethereum, Solana, and BNB Chain. The batch brings AI, robotics, quantum, defense tech, critical materials, and data center energy names onchain alongside BlackRock active ETFs and covered call strategies.

Backpack's Tokenized SpaceX Token on Solana Crosses 10,000 Holders, Nearly Double xStocks' SPCXx
Backpack's tokenized SpaceX share token has crossed 10,000 onchain holders on Solana, six days after listing alongside the company's Nasdaq debut. The milestone widens the holder gap with rival xStocks' SpaceX product and lands as Backpack chief executive Armani Ferrante stakes out a structural distinction from competing onchain SpaceX exposure.

Cap Labs CAP Token Auction Closes at $106 Million FDV With 5.5x Oversubscription
Cap Labs' batch auction for its CAP governance token drew 1,002 bids and $16.4 million in commitments, clearing at $0.011 per token for a $106 million fully diluted valuation.

Zama, Morpho and Steakhouse Open First Confidential USDC Yield Vault on Ethereum
Zama, Morpho and Steakhouse open the first DeFi yield vault for Confidential USDC on June 23, routing encrypted cUSDC into Steakhouse Prime v2 on Morpho and putting fully homomorphic encryption to work in live lending.

DeFi Lending and DEX Fees Slump as Leverage Drains Out After June Selloff
Fees fell as much as 65% week over week across the largest lending protocols and decentralized exchanges.

