DeFiLlama
8 storiesUse DeFiLlama for changes to DeFi data API, research built from transparent data methodology, and product issues affecting how users investigate cross-chain bridge volumes. Exchange pricing and basic transaction search remain separate from DeFiLlama, whose boundary is DeFi data API, transparent data methodology, and protocol-level interpretation of cross-chain bridge volumes.
Solana Traders Face High Funding Costs as $1.8B in Leverage Builds
Solana perpetual futures funding rates have surged to their highest in nearly a year, with open interest approaching $1.8 billion. Traders are paying steep fees to maintain leveraged long positions as the token tests key resistance levels.
Wall Street's $7B Tokenized Funds See Minimal DeFi Adoption
Despite Wall Street pouring billions into tokenized funds, less than 1% of these assets are actively used in DeFi protocols, raising questions about composability, security, and the future of real-world asset integration
Matrixdock RWA Tokens Face Reserve, Audit, and Custody Risks
Matrixdock's XAUm and XAGm tokens bring gold and silver onto blockchains, but their value depends on off-chain reserves, third-party audits, and complex custody. Gaps in verification, supply tracking, and legal clarity create risks for users and DeFi protocols
On-Chain Options Aim to Transform Crypto Market Liquidity
On-chain options are emerging as a new tool for managing risk in crypto, but thin liquidity and infrastructure gaps mean they remain a fraction of the $21B daily perpetuals market
Ethereum at 11 Faces Fee Pressure as Stablecoin Use Surges
Ethereum now hosts nearly $149 billion in stablecoins and $15.5 billion in tokenized assets, but falling mainnet revenue and shifting value capture raise new questions for ETH holders and developers
Hyperliquid ETF Outflows Mount as Grayscale Sees Undervaluation
Hyperliquid-linked ETFs are seeing their first net outflows since launch, with the HYPE token down sharply. Grayscale argues the token's price does not reflect protocol revenue or buybacks, highlighting a growing disconnect in market sentiment
Flash Crash on Hyperliquid Raises Oversight Questions for Perpetuals
A sudden two-minute plunge in the SKHX perpetual contract on Hyperliquid, tied to South Korea's SK Hynix, exposed vulnerabilities in equity-linked crypto derivatives and left traders questioning the reliability of price feeds and risk controls.
SEC Flags Human-Controlled DeFi Vaults for Potential Scrutiny
Crypto yield vaults with human-managed strategies, like Morpho Vault V2, may face increased SEC attention as regulators examine whether such oversight constitutes financial management under U.S. securities law