# 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.

Crypto’s Investable Universe Is Shrinking: NYDIG

According to NYDIG's Head of Research Greg Cipolaro, the crypto industry's investable universe is shrinking as markets mature. He argues that only a limited set of blockchain applications can attract sustained capital, suggesting the broader Web3 vision may need recalibration. Investors are now focusing on applications that extend traditional financial products onto blockchain infrastructure, including Bitcoin, tokenized assets, stablecoins, select DeFi infrastructure, and general-purpose blockchains like Ethereum. Cipolaro emphasizes that blockchain’s core attributes—trustlessness, permissionlessness, and censorship resistance—align best with financial use cases, where they provide clear advantages over centralized systems. He notes that most non-financial applications, such as gaming or social media, don’t require global immutable ledgers and are more efficiently served by centralized alternatives. This shift has led to capital concentration around fewer, stronger narratives, increasing Bitcoin’s market dominance while reducing investment in speculative altcoins. Cipolaro views this trend as market consolidation rather than collapse, with a focus on economically sustainable applications. A smaller, more durable market grounded in financial utility may enhance long-term stability and attract institutional interest. The crypto space may ultimately function as a specialized financial technology layer rather than a comprehensive Web3 overhaul. The next phase of development will likely emphasize real-world utility, regulatory clarity, and prudent capital allocation over rapid narrative expansion.

TheNewsCrypto02/23 09:02

Crypto’s Investable Universe Is Shrinking: NYDIG

TheNewsCrypto02/23 09:02

Variant Founder: Everything is a Market, the Endgame of Finance is 'Invisible'

Jesse Walden, founder of Variant Fund, argues that crypto is fundamentally about finance—but in a radically expanded sense. He identifies three core drivers reshaping finance: mass participation, permissionless markets, and programmable endpoints. Mass participation is lowering barriers, intertwining finance with culture as trading becomes a form of expressive, accessible engagement. Permissionless innovation allows new markets to emerge outside traditional systems, forcing regulatory evolution—as seen with prediction markets, stablecoins, and ICOs. Programmable markets, combined with AI, are evolving from outputs into infrastructure. Markets generate real-time, hard-to-fake data that AI and applications can consume as APIs, enabling new products and automated decision-making. Ultimately, finance is transitioning from a vertical industry to a horizontal, invisible infrastructure layer embedded into the fabric of culture and technology.

marsbit02/23 08:39

Variant Founder: Everything is a Market, the Endgame of Finance is 'Invisible'

marsbit02/23 08:39

Financing Weekly Report | 10 Public Financing Events, Sports Prediction Market Novig Completes $75 Million Series B Financing Led by Pantera Capital

Last week (Feb 16-22) saw 10 disclosed blockchain funding rounds totaling over $143 million. Key highlights include Novig's $75 million Series B led by Pantera Capital for its sports prediction market, valuing the company at $500 million. In DeFi, derivatives protocol MYX secured a strategic investment from Consensys. Web3+AI firm Unicity Labs raised $3 million in seed funding. Infrastructure investments included $13 million for wallet infrastructure Kresus Labs and $8 million for API infrastructure Monark Markets. CeFi saw Stake raise $31 million in a Series B for its real estate tokenization platform, and Newity raised $11 million to explore on-chain small business lending. Other prediction market deals included PRED's $2.5 million seed round and a strategic investment in Kalshi by Tradeweb. Additionally, Dragonfly closed a $650 million crypto venture fund.

marsbit02/23 03:06

Financing Weekly Report | 10 Public Financing Events, Sports Prediction Market Novig Completes $75 Million Series B Financing Led by Pantera Capital

marsbit02/23 03:06

Is Aave’s 29% bounce bull trap? Decoding the long-term bearish pressure

Aave's price surged 29.7% from its February low of $92.25, reaching $119.64, offering some hope to investors. However, the long-term trend remains bearish, marked by a series of lower highs and lower lows. Key resistance lies at $130 and $148.6, with a decisive move above $163.9 needed to signal a bullish shift. The $80–$100 zone is critical support to prevent a decline toward $50. Despite strong protocol revenue, bearish pressures persist, including a drop in Total Value Locked and internal ecosystem challenges. The overall structure suggests potential short-term gains but emphasizes caution due to dominant bearish momentum.

ambcrypto02/22 21:02

Is Aave’s 29% bounce bull trap? Decoding the long-term bearish pressure

ambcrypto02/22 21:02

How to View the Era of Neobanks After the Decline of Crypto?

The article explores the emergence of "crypto neobanks" as the next evolution in digital finance, moving beyond the interface-level improvements of fintech neobanks to rebuild the very backend of banking using blockchain technology. It frames banking around four core functions—Store, Spend, Grow, and Borrow—and analyzes how crypto is creating permissionless, global, and programmable alternatives for each. The piece maps the competitive landscape, from self-custody wallets (like MetaMask and Ledger) and stablecoin cards to on-chain trading (e.g., Hyperliquid) and lending protocols (e.g., Aave, Morpho). It argues that the path to success lies in capturing high-velocity money flows—starting with high-frequency activities like trading and borrowing before expanding to spending and storage. Key challenges include achieving privacy-compliance parity, enabling real-world composability with legacy systems, leveraging permissionlessness for global scale, and solving undercollateralized consumer lending—the "holy grail" for mass adoption. Ultimately, crypto neobanks aim not just to be new apps but to establish a new foundational轨道 (轨道) for how money moves.

marsbit02/22 06:13

How to View the Era of Neobanks After the Decline of Crypto?

marsbit02/22 06:13

Who Controls the Profit Rights of Digital Dollars? The Wall Street vs. Crypto Capital Game Behind the CLARITY Act

The CLARITY Act represents a pivotal U.S. legislative effort to regulate digital assets, moving beyond the infrastructure-focused GENIUS Act. It aims to end "regulation by enforcement" by granting the CFTC exclusive jurisdiction over digital commodities and the SEC over investment contracts. A major conflict emerged in the Senate over "yield-bearing stablecoins." Traditional banks, fearing massive deposit outflows and damage to their net interest margins, lobbied for a total ban on third-party stablecoin yields. The crypto industry, led by Coinbase, argued this would stifle innovation, deprive users of rightful earnings from underlying assets like Treasuries, and drive capital offshore. The debate reached a stalemate in early 2026, stalling the bill's progress. White House mediation set a March 1 deadline for a compromise. A proposed solution, the "Digital Markets Restructure Act," introduced a "Yield Neutrality" principle, decoupling yield rights from bank charters, and a "Residual-Risk Assessment Model" to regulate based on actual risk (enterprise, exposure, market) rather than outdated classifications. The outcome will profoundly impact the U.S. financial system: potentially deepening demand for U.S. Treasuries, lowering government borrowing costs, and extending dollar hegemony digitally. It forces traditional banks to digitize and could cause a major schism in DeFi, pushing compliant players toward institutionalization and smaller, non-compliant protocols offshore. The act ultimately decides who controls the profits of the digital dollar.

marsbit02/22 05:34

Who Controls the Profit Rights of Digital Dollars? The Wall Street vs. Crypto Capital Game Behind the CLARITY Act

marsbit02/22 05:34

Pump.fun Launches GitHub Creator Fee Sharing: Integrating 'Tipping' into the Meme Coin Factory's Funding Pipeline

Pump.fun, a prominent and controversial meme coin launch platform on Solana, has introduced a new feature allowing users to direct "creator fees" to any GitHub account via its mobile app. This update, presented as a way to support developers, is more than a simple tipping mechanism; it represents a strategic shift in the platform’s incentive structure and growth model. The platform enables users to create and trade tokens with extreme ease, leading to the minting of millions of mostly speculative meme coins. However, high failure rates and intense attention competition have posed significant challenges. By integrating GitHub—a core identity system for developers—Pump.fun aims to productize financial support for open-source contributors, incorporate external developers into its incentive flow, and build a narrative that shifts from pure speculation to “supporting builders.” This move is part of a broader trend toward social and community-oriented features, reflecting Pump.fun’s effort to evolve from a high-volume “token factory” into a sustainable ecosystem. Potential benefits include attracting new users and transactions, though risks remain around fee redistribution, speculative token dynamics, and increased regulatory and content moderation complexity. The update underscores Pump.fun’s attempt to balance growth, incentives, and narrative in the volatile meme coin market.

marsbit02/22 03:49

Pump.fun Launches GitHub Creator Fee Sharing: Integrating 'Tipping' into the Meme Coin Factory's Funding Pipeline

marsbit02/22 03:49

Lighter: How incentive exhaustion cut LIT’s dominance to 8.1%

Lighter's dominance in DeFi perpetuals peaked near 60% in late 2025, driven by aggressive incentives and an airdrop. However, as incentives normalized and the airdrop concluded, participation declined sharply. By mid-February 2026, Lighter’s market share fell to 8.1%, while Hyperliquid regained dominance, capturing 40-50% of the market. Despite the drop in headline volume, Lighter maintained strong open interest in key pairs. Large token movements by entities like Justin Sun and Wintermute indicated strategic positioning, balancing ecosystem support with readiness to sell if conditions worsened. Incentive exhaustion and post-airdrop exits enabled Hyperliquid to seize leadership in the derivatives space.

ambcrypto02/21 22:02

Lighter: How incentive exhaustion cut LIT’s dominance to 8.1%

ambcrypto02/21 22:02

Blockchain Partner: Crypto Assets Are Undergoing a Great Value Reassessment

The cryptocurrency industry is experiencing a paradox: while achieving unprecedented success in adoption and infrastructure, market sentiment remains deeply pessimistic due to a significant decoupling between utility and token prices. Key successes include record stablecoin transaction volumes ($33 trillion in 2025), widespread adoption of crypto-native applications like Polymarket and Phantom, and major traditional financial institutions implementing blockchain strategies. However, token prices have stagnated or declined, revealing a structural shift in value capture: economic value is increasingly accumulating at the application and distribution layers (e.g., wallets, exchanges, and companies like Coinbase and Tether) rather than at the infrastructure layer (L1s, L2s, protocols). This revaluation challenges long-held investment theses that assumed token holders would benefit directly from protocol-scale adoption. The article argues that controlling user relationships and distribution channels now dominates value capture, commoditizing underlying infrastructure. While tokens may evolve to better align with application-layer economics, the current market demands clearer, direct links between usage, revenue, and token value.

比推02/21 16:10

Blockchain Partner: Crypto Assets Are Undergoing a Great Value Reassessment

比推02/21 16:10

Weekly Token Unlocks: 14 Projects to Unlock $110 Million Worth of Tokens

Weekly Token Unlock Report: $110M Worth of Tokens Unlocked Across 14 Projects This week, 14 projects are set to unlock tokens valued at approximately $110 million. Key highlights: - **Grass**: Unlocking 57.29 million tokens (~$11 million). A Solana-based project combining AI and DePIN, it serves as a decentralized data layer for AI model training. - **EigenLayer**: Unlocking 36.82 million tokens (~$7.26 million). An Ethereum protocol introducing restaking, allowing staked ETH to secure other applications. - **SoSoValue**: Unlocking 13.32 million tokens (~$4.99 million). An AI-powered investment research platform merging CeFi efficiency with DeFi transparency. These unlocks are part of each project's predefined emission schedule, potentially influencing market supply and token prices.

marsbit02/21 14:55

Weekly Token Unlocks: 14 Projects to Unlock $110 Million Worth of Tokens