# Сопутствующие статьи по теме DeFi

Новостной центр HTX предлагает последние статьи и углубленный анализ по "DeFi", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

How Ondo Finance plans to bring tokenized US stocks to Solana

Ondo Finance plans to launch tokenized US stocks and ETFs on Solana in early 2026, expanding its existing product line to the blockchain. These tokens will be fully backed by underlying securities held with US-registered broker-dealers, providing holders with economic exposure—including dividends—but not shareholder rights. Minting and redemption will operate 24/5, while transfers and trading can occur 24/7. Solana’s Token Extensions, such as Transfer Hooks, will enforce compliance by embedding eligibility checks and jurisdiction-based restrictions directly into the tokens. The initiative targets non-US eligible investors and requires KYC verification. Chainlink oracles will provide real-time pricing data, including corporate actions. The goal is to combine traditional equity exposure with crypto’s speed and accessibility, though regulatory scrutiny remains a key consideration.

cointelegraph12/24 10:27

How Ondo Finance plans to bring tokenized US stocks to Solana

cointelegraph12/24 10:27

Avon Co-founder's Viral Article: Why Has DeFi Lost Its Charm?

The article "Why DeFi Has Lost Its Charm" by Avon co-founder Prince argues that DeFi is no longer perceived as innovative or exciting, despite continued development and maturation. The core issue is a shift in user psychology from curiosity to caution, and a convergence of user behavior around incentives rather than genuine utility. DeFi Summer represented a period of rapid innovation and market structure formation, but today's DeFi often feels like a repetition of established patterns with better execution. User behavior has become highly speculative and optimized around trading, leverage, and easy exits. This has shaped the ecosystem's expectations: participation is now something that requires monetary compensation, rather than being driven by a product's inherent usefulness. Lending in DeFi, for example, has evolved into short-term financing for positions like leverage and arbitrage, rather than functioning as a true credit market. Yield has become a baseline expectation for participation, justified by the numerous risks (smart contract, governance, oracle, bridge risks). This leads to a "rented" adoption—activity spikes during incentive programs but vanishes afterward, making it difficult to build sustainable, long-term projects. Trust has also been eroded by years of exploits, scams, and governance failures, making users more cautious and less willing to explore new projects. This risk aversion, combined with the high compensation demanded for risk, has compressed the space for experimentation. The author concludes that DeFi hasn't failed; it has successfully optimized for a specific set of behaviors (liquidity, speed, exit ease) but in doing so, has made it harder to expand into new use cases. For DeFi to regain its charm, it must create structures that make different user behaviors rational—where capital stays for reasons beyond incentives, and yield represents a responsible decision rather than a headline number. This would lead to quieter, slower, but more sustainable growth driven by genuine need.

Odaily星球日报12/24 09:51

Avon Co-founder's Viral Article: Why Has DeFi Lost Its Charm?

Odaily星球日报12/24 09:51

The Rise of Prediction Markets: DeFi's Next High-Value Piece in 2026

Prediction markets are emerging as a high-value component within DeFi, expected to mature significantly by 2026. These markets, which blend information discovery with financial speculation, exhibit a natural monopolistic tendency, leading to the development of a layered ecosystem comprising core platforms, peripheral services, and external integrations. Unlike traditional financial instruments, prediction markets (exemplified by platforms like Polymarket and Kalshi) thrive on highly certain underlying events (e.g., election dates) but uncertain outcomes (e.g., election winners). This structure allows real-time information to shape market sentiment, often becoming a self-fulfilling prophecy. Current innovations are focusing on DeFi integration of prediction market assets. Rather than creating clone platforms or simple tooling, the most promising direction involves leveraging the idle capital locked in prediction market positions before outcomes are determined. Proposals include using these assets within DeFi lending protocols (e.g., via platforms like Gondor or Morpho) or developing cross-market arbitrage mechanisms that offer users discounted entry prices funded by yield generated from DeFi strategies. This approach benefits all parties: users get better pricing and additional yield, prediction platforms gain increased volume and integration into broader DeFi ecosystems, and liquidity providers achieve higher capital efficiency. The deterministic nature of settlement dates makes these assets uniquely suitable for structured financial products. With major events like the 2026 World Cup and U.S. midterm elections approaching, prediction markets are poised to capture significant attention and capital, further accelerating their convergence with DeFi.

比推12/24 09:11

The Rise of Prediction Markets: DeFi's Next High-Value Piece in 2026

比推12/24 09:11

Base's 2025 Report Card: 30x Revenue Growth, Cementing L2 Leadership

Base has solidified its position as the leading Ethereum Layer-2 (L2) in 2025, with revenue surging 30x and capturing 62% share of the total L2 revenue, reaching $75.4 million year-to-date. Its DeFi TVL dominates with $4.63 billion, representing 46% of the L2 market. Base’s key advantage lies in its direct distribution channel through Coinbase, which provides access to 9.3 million monthly active users. Notable ecosystem applications include Aerodrome, which generated $160.5 million in revenue, AI platform Virtuals with $43.2 million, and Football.Fun with $4.7 million. A partnership with Morpho enabled $866.3 million in loans, demonstrating strong product-market fit. Looking ahead, Base is focusing on the creator economy via Base App—a super app integrating social features, messaging, and mini-apps. Over 14,800 users have joined its beta, with strong retention. While tokenized content via Zora has generated $6.1 million for creators, only 0.3% of tokens remain tradable after 48 hours, indicating significant growth potential. Base is also exploring a native token to incentivize creator participation rather than liquidity mining.

marsbit12/24 08:52

Base's 2025 Report Card: 30x Revenue Growth, Cementing L2 Leadership

marsbit12/24 08:52

Space Review｜2026 Outpost: Narrative Recedes, Value Flows to Resilient Ecosystems with Real Yield

As 2025 draws to a close, the crypto market is shifting from hype-driven speculation to a focus on sustainable value. The recent SunnPump roundtable, "2026 is Coming, No Laying Flat in Crypto," explored this transition, emphasizing that the path to 2026 depends on ecosystems with real utility and organic demand, not short-term narratives. Experts agreed that the market is moving towards a phase driven by genuine cash flows and capital efficiency. Tron was highlighted as a prime example of a mature "digital financial infrastructure," distinguished by its dominant role in stablecoin settlements. With nearly $80 billion in on-chain USDT circulation—half the global market—and daily stablecoin transfers of $20-24 billion, Tron has built a resilient ecosystem anchored in real-world use cases like payments and lending. Its TVL of ~$24 billion, including $10.4 billion in JUST Protocol, reflects deep liquidity and organic activity. The discussion on DeFi sustainability centered on projects with real revenue generation, not subsidized yields. Protocols like JustLend DAO exemplify this with a diversified income model from staking services and lending, using fees to buy back and burn its JST token, creating a deflationary feedback loop. This aligns protocol success with tokenholder value. Tron’s $204 million in protocol revenue in November 2025, leading all public chains, underscores the power of its real economic activity. In conclusion, the key to enduring market cycles lies in ecosystems like Tron’s that provide essential, high-utility services—low-cost transfers, reliable staking, and lending—forming an organic, self-sustaining financial infrastructure with inherent resilience.

深潮12/24 08:51

Space Review｜2026 Outpost: Narrative Recedes, Value Flows to Resilient Ecosystems with Real Yield

深潮12/24 08:51

2026 Kicks Off a Major Financial Year: Prediction Markets Are Becoming the Next Frontier for DeFi

The article "2026: The Grand Opening of Finance – Prediction Markets Emerge as DeFi's Next Frontier" discusses the rise of prediction markets in the decentralized finance (DeFi) ecosystem. It highlights how prediction markets, after achieving product-market fit, are gaining mainstream traction, similar to Bitcoin and stablecoins. These markets exhibit a natural platform monopoly effect, forming a layered ecosystem of core platforms, peripheral services, and external applications. Prediction markets are characterized as deterministic yet uncertain, dealing with events like U.S. elections or the World Cup, where outcomes are influenced by real-time information and participant sentiment. Major platforms like Polymarket and Kalshi are becoming centralized hubs for information discovery, backed by significant capital investment due to their maturity and compliance advantages in Western markets. The article identifies four emerging models around prediction markets: 1. Clone platforms facing high entry barriers and compliance costs. 2. Asset-layer innovations, such as DeFi integration for betting assets (e.g., using positions as collateral or adding leverage). 3. Specialized tools for arbitrage, data aggregation, and analysis. 4. KOL-driven referral and佣金 platforms. The most promising opportunity lies in DeFi-izing prediction market assets, particularly leveraging idle funds during the betting period until outcomes are determined. The author proposes a cross-market arbitrage mechanism inspired by e-commerce discount platforms, where users place discounted bets on platforms like Polymarket, while their funds are deployed in DeFi protocols (e.g., Morpho) for yield. This approach benefits all parties: users get better prices, platforms gain volume, and liquidity providers earn returns without disrupting the core betting experience. The conclusion emphasizes that prediction markets' true value is in their locked capital with clear expiration dates. As 2026 approaches with major events like the U.S. midterm elections and the World Cup, regulatory tailwinds and market enthusiasm could make it a pivotal year for prediction markets and DeFi convergence.

marsbit12/24 08:15

2026 Kicks Off a Major Financial Year: Prediction Markets Are Becoming the Next Frontier for DeFi

marsbit12/24 08:15

DeFi Has Not Collapsed, But Why Has It Lost Its Charm?

DeFi has not collapsed, but it is losing its sense of exploration and novelty. While the infrastructure has matured and execution has become more efficient, participation has become highly homogenized, centered around incentives, short-term financing, and speculative trading rather than genuine credit markets or long-term engagement. The ecosystem has optimized for behaviors favored by traders—liquidity, leverage, and quick exits—making yield less a reward for risk-taking and more an expected compensation for participation. This has led to capital that is highly mobile but discontinuous, often “rented” during incentive periods rather than sustainably engaged. Trust has also shifted from curiosity to caution due to past failures, making users more risk-averse and less likely to experiment. DeFi’s current form successfully serves a niche group but struggles to expand beyond its optimized behaviors. For DeFi to regain relevance, it must encourage new types of rational behavior—such as longer-term capital commitment, structured credit, and sustainable yield—rather than perpetuating the same incentive-driven patterns. This would require building systems that attract users through real utility rather than subsidies, even if growth is slower and less dramatic.

marsbit12/24 07:06

DeFi Has Not Collapsed, But Why Has It Lost Its Charm?

marsbit12/24 07:06

From Aave to Ether.fi: Who Captures the Most Value in the On-Chain Credit System?

In the DeFi lending ecosystem, lending protocols like Aave and SparkLend capture more value than the vaults and asset issuers built on top of them, despite the narrative that distribution is king. Analysis shows that major vaults, including Ether.fi, Fluid, and Mellow, pay more in interest fees to lending protocols than they earn in platform revenue. For example, Ether.fi’s ETH vault pays Aave ~$4.5M annually in interest while earning only ~$1.07M in fees. Even when combining vault strategy revenue and issuer fees (e.g., Lido), lending layer value capture remains higher. Lending protocol income is tied to borrowing scale and remains stable, whereas vault earnings depend heavily on fee structures. The true moat in on-chain credit lies with lending protocols, not distribution or asset issuance.

marsbit12/24 06:21

From Aave to Ether.fi: Who Captures the Most Value in the On-Chain Credit System?

marsbit12/24 06:21

NIGHT, with a Daily Trading Volume of Nearly $10 Billion, Actually Comes from the 'Outdated' Cardano?

The NIGHT token, associated with Cardano's privacy-focused sidechain Midnight, recently achieved a 24-hour trading volume of nearly $10 billion shortly after its listing on major exchanges like Binance, OKX, and Bybit. Its price surged over 3x from around $0.025 to approximately $0.114 within two weeks, though it later corrected to about $0.08. Developed by Cardano’s parent company IOG, Midnight emphasizes "programmable data protection" using zero-knowledge proofs (ZKPs) accessible via TypeScript APIs, targeting enterprise adoption with optional privacy features. The project employs a dual-token model: NIGHT for governance and generating DUST, which serves as gas and privacy fees. A significant airdrop to 37 million addresses across multiple blockchains and partnerships with exchanges distributed nearly 30% of the total 24 billion NIGHT supply, fueling market excitement. Cardano plans to boost its ecosystem in 2026 with scalability upgrades, Midnight’s mainnet launch, native stablecoin integrations, and enhanced interoperability—all supported by increased funding for marketing, investments, and DeFi liquidity.

marsbit12/24 04:43

NIGHT, with a Daily Trading Volume of Nearly $10 Billion, Actually Comes from the 'Outdated' Cardano?

marsbit12/24 04:43

Cardano Founder Explains Why Not Sell ADA For NIGHT

Cardano founder Charles Hoskinson addressed questions about whether to sell ADA for the new NIGHT token, explaining that Midnight is designed to complement, not replace, Cardano. He described Midnight as a privacy-focused blockchain that enhances Cardano applications with privacy features, helping them compete in DeFi. Hoskinson argued that Cardano's UTXO model makes it a prime destination for Bitcoin capital seeking yield, and that Midnight's privacy tools could attract flows from other chains like XRP. He emphasized that ADA holders receive preferential access to NIGHT airdrops and that Cardano secures the Midnight network. Hoskinson also discussed a "value leakage" theory where Bitcoin DeFi yield, rather than direct selling, could drive capital to Cardano if it offers institutional-grade yield products.

bitcoinist12/24 03:32

Cardano Founder Explains Why Not Sell ADA For NIGHT