DeFi
DeFi
Stellar RWA Assets Outgrow Its DeFi Markets
RedStone puts tokenized real-world assets on Stellar above $3 billion in July, against DeFi value it measures at $213 million.

DeFi
Ethena Plans Equity-Perpetual Basis Trades for USDe Backing
The announced rollout is still forthcoming, with the first partner exchange announcements and deployments expected in the coming weeks.

DeFi
Aave V4 Deposits Reach $806 Million After 30% Weekly Gain
EtherFi Cash was V4’s second-largest market at $257 million, while Aave V3 retained a much larger $31 billion deposit base.
DeFi
FRIEND Soars After Machi Big Brother Bids $1 Million For Friend.tech
FRIEND rose 28-fold within an hour of the post, and friend.tech fees jumped. Machi would buy the X account and the domain as the trading contracts have belonged to the null address since 2024.

DeFi
Ethena Proposes Sending All Net Revenue to ENA Buybacks
A new framework assigns protocol IP and value accrual to the Ethena Foundation, while a live vote would use effectively 100% of net revenue for ENA purchases.

DeFi
Aave Opens iOS Early Access, Keeps Android and Web Waitlisted
The savings app supports bank and stablecoin deposits; a July proposal described swaps and foreign exchange as additions planned for 2026.
DeFi
Pendle Oracle Move Liquidates $36 Million
A wallet bought yield tokens in a $9 million Pendle pool, pushing the principal token price down 2.8% and clearing out looped positions on a Morpho market carrying $52 million in borrows. No bad debt was incurred.

DeFi
Coinbase Launches Tokenized Stocks On Base
Four tokens covering Nvidia, Apple, Meta and Alphabet went live for non-US users, with about $4.5 million minted and $3 million of DEX liquidity on day one. Chainlink price feeds run 24/5 while the tokens trade 24/7.
DeFi
Judge Keeps Sun's World Liberty Claims In Court
Justin Sun's individual claims will be heard in open court, and the two sides must negotiate which of the claims brought by his corporate plaintiffs go to a private arbitrator. No written order had been entered on the docket as of Thursday afternoon.
DeFi
Hayden Adams Says AMMs Will Win The Biggest Markets. A Former XTX Trader Says They're Going To Zero
The Uniswap founder's first blog post since 2019 argues tokenized stocks will trade against index funds instead of dollars. The replies split between investors who called the thesis disruptive and traders who asked who would want to sell NVIDIA for SPY.





