ChainFeeds on Oct. 22 published a research briefing built around four topics: the current state of Robinhood Chain, the design of PreStocks, a list of new DeFi projects worth watching, and Delphi Digital’s view that speculation will be a major investment theme over the next decade.
Robinhood Chain still holds more than $1 billion in TVL
The first section, attributed to 100y.eth and a41, examined Robinhood Chain’s onchain performance since July 1, 2026. The report said the network’s early narrative centered on areas such as memecoins and RWA, and named Cashcat, LONG, Pons, HIMS and AMC among the projects discussed in that context.
According to the figures cited in the briefing, Robinhood Chain’s TVL stood above $1.1 billion on Sept. 4. Fees have fallen sharply, but locked value has remained above the $1 billion mark. The report also said Steakhouse Financial’s USDG Vault and Morpho are major contributors to Robinhood Chain TVL, with USDG Vault at roughly $540 million.
On yields, the article listed several ranges and reference points tied to Robinhood, Morpho and USDG Vault, including 3%, 5%, 7% and 7.5%. It also mentioned NetNet, USDG, and trading activity tied to memecoins and DEXs on Robinhood Chain. For two dates cited in the piece, Sept. 4 and Oct. 7, the corresponding values were 32.7 and 32.4, suggesting limited movement in that metric over the period.
The infrastructure and trading layer discussion named Lighter, Arcus and Robinhood Wallet. The section’s central question was straightforward: after fees dropped, did Robinhood Chain still show signs of real usage? In the report’s framing, TVL remains the clearest support for that case.
PreStocks brings pre-IPO exposure onto Solana
The second section focused on PreStocks. ChainFeeds said the project is trying to combine pre-IPO exposure with a Pump.fun-style issuance model and has launched on Solana. Citing Foresight News, the report said PreStocks uses Solana’s Token-2022 and SPL standards and connects to Jupiter DEX.
In the background section, the article linked PreStocks to prePO and said Xavier Ekkel founded prePO in 2021. Canva and Republic Capital were also mentioned. In the timeline presented by the report, PreStocks advanced related plans in August 2025 and continued expanding its product set in 2026.
On the asset side, the report named OpenAI and Anthropic as two key underlying targets and listed several data points: 24 and 647 for OpenAI, and 24 and 292 for Anthropic. It also said PreStocks had AUM of 2237. Around SPV products, the article said Anthropic- and OpenAI-linked SPVs were launched in May 2026.
The market section cited a PUMP price of 4.8974 and a gain of 12.276%. In CoinMarketCap-related figures referenced by the report, Anthropic was paired with 1400, 842 and 26%, while OpenAI was paired with 1984, 890 and 46%. The article also discussed PreStocks alongside Hyperliquid and Lighter, presenting it less as a passive holding vehicle and more as a tradable onchain product for pre-IPO exposure.
Five DeFi projects on the watchlist
The third section highlighted five DeFi projects: Mezzanine, INFINIT, IRIS, RISEx and Boros.
Mezzanine was described through a layered structure that includes Junior, Senior, Super-Senior and Mezzanine tranches. The report also referenced Hastra Optimizer Vault, USDC, wYLDS, Hastra PRIME AUTO, and protocols including Morpho, Kamino, Aave, Exponent and Pendle. For security reviews, it named Sherlock, ChainSecurity and Certora.
The INFINIT section mentioned Hyperliquid, APEX, MultiStrategy and APEX Quants, and listed a series of figures including 7, 30, 10, 20, 82, 7.18%, USDC 506,137, 31.94%, 84, 163%, 10.5%, 40% and 90%. The report did not collapse those numbers into a single metric, instead presenting them as part of the project’s operating and return structure.
RISEx and Boros were discussed alongside Yield Unit, ETH, BTC, Hyperliquid, Gate, Delta and CrossEx. The article cited ratio ranges including 25% and 35%, and referenced Oct. 15. Across this section, the common thread was a shift in DeFi product design toward more complex risk tranching, yield splitting and cross-protocol combinations.
Delphi Digital ties speculation to the next decade of investing
The fourth section came from Delphi Digital. It placed Solana, memecoins, pump.fun, Hyperliquid, Binance, SpaceX and RWA in the same frame to explain why speculation could remain a central investment theme over the next 10 years.
The report reviewed several sets of market figures, including 1900, 9, 3.3 and 1% for January 2024, and 520, 6 and 2680 from TokenInsight in January 2026. In the Hyperliquid discussion, it mentioned rwa.xyz, HYPE, DefiLlama, Assistance Fund, HIP-3 and trade.xyz, while listing figures tied to 2025 and 2026, including 11, 3, 9.72, 8.18, 6.43, 10, 6, 30, 470 and 580.
The article also cited survey data from CFA Institute, FINRA Foundation and BIS in 2023, with Gen Z-related ratios of 44%, 95%, 40% and 35%. In the Solana ecosystem section, it referenced BONK, SOL, Oct. 20, 2023, March 2024, 200, 80%, 31% and 13 to illustrate how volatility, distribution speed and native onchain trading experiences can reinforce speculative activity.
Alpenglow aims for 0.15-second confirmation on Solana
The briefing closed with a note on Solana’s Alpenglow upgrade. Citing Odaily’s summary of material related to Anza and Solana Labs, the article said the proposal was discussed on May 18, 2025 and involved components including Votor, TowerBFT, Rotor, Turbine and Proof of History.
Based on the figures in the report, Alpenglow targets 0.15-second confirmation time and includes metrics such as 12.8, 100, 150, 75%, 1KB, 80% and 60%. The article linked those changes to TPS, DeFi, RWA, MEV and validator economics across epochs, listing values including 1 SOL, 0.8 SOL, 290 SOL and 790 SOL. In the report’s framing, network performance changes could alter the revenue structure for validators and onchain activity.
Rather than forcing these topics into a single conclusion, the briefing mapped out several active lines in crypto: Robinhood Chain still leaning on TVL as proof of usage, PreStocks trying to move private-market narratives onto Solana, DeFi teams experimenting with structured yield design, and Delphi Digital treating speculation as one of the market’s defining long-term themes.
