# 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.

Wintermute Ventures: By 2026, Crypto Gradually Becomes the Settlement Layer for the Internet Economy

Wintermute Ventures argues that by 2026, crypto will mature into the essential clearing and settlement layer for the internet economy, enabling value to flow as freely as information does today. The report identifies five key themes driving this transformation: 1. **Everything becomes tradable:** Prediction markets, tokenization, and derivatives are creating liquidity for previously illiquid assets and real-world outcomes, enabling new data products and replacing traditional financial infrastructure like insurance. 2. **Stablecoins as a trust layer:** The need for interoperability among the growing number of stablecoins will be met by new infrastructure that handles netting, conversion, and settlement across chains, akin to on-chain correspondent banking. 3. **Tokenomics return to fundamentals:** Markets will increasingly reward sustainable revenue and long-term value over short-term token incentives. Token launches will occur only after proven product-market fit, aligning with traditional cash-flow-based valuation models. 4. **DeFi and TradFi convergence:** The future lies in hybrid models where user-friendly fintech front-ends leverage the capital efficiency and yield of DeFi infrastructure in the background, abstracting away complexity for the end-user. 5. **Privacy as a regulatory catalyst:** Privacy technologies like zero-knowledge proofs will transition from a compliance burden to a regulatory enabler, allowing institutions to prove compliance without exposing sensitive data and unlocking new financial products. Underpinning these themes is regulatory clarity, which is shifting from a barrier to a standardized distribution channel, accelerating institutional adoption. This infrastructure maturation will see crypto fade into the background, quietly powering a new global, open financial system.

marsbit02/05 08:41

Wintermute Ventures: By 2026, Crypto Gradually Becomes the Settlement Layer for the Internet Economy

marsbit02/05 08:41

The Next Phase of RWA: The Return of Productive Assets

The RWA (Real World Assets) sector has demonstrated strong growth, reaching a total value of $22.9 billion as of early 2026, up significantly from late 2025. This expansion is driven by clearer regulations, institutional participation, and maturing infrastructure, marking a shift from conceptual validation to scalable implementation. The market is dominated by financial assets like U.S. Treasuries ($9.8 billion), commodities ($4.1 billion), and private credit ($2.4 billion), which are favored for their predictable returns, regulatory clarity, and compatibility with institutional risk frameworks. Ethereum holds about 60% of on-chain RWA value, reflecting a preference for chains with strong regulatory and settlement support. While current growth is largely fueled by financialized assets like repo agreements and Treasuries—serving as low-risk yield tools in DeFi and institutional portfolios—the next phase is expected to focus on productive assets such as infrastructure, energy projects, and receivables. These assets face liquidity constraints in traditional finance but can achieve greater efficiency and accessibility through tokenization. Compliance is increasingly integral to asset value, with regulatory frameworks like MiCA in Europe and stablecoin regulations in Hong Kong providing clearer pathways. The industry must address challenges including asset authenticity, operational risk standards, secondary market liquidity, and cross-jurisdictional compliance to achieve broader adoption. The future of RWA lies not in re-engineering already-liquid assets but in unlocking capital for real-world production, transforming how assets are financed and managed globally.

marsbit02/05 02:33

The Next Phase of RWA: The Return of Productive Assets

marsbit02/05 02:33

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