SVR

HTX Research
2026-07-27 09:05:30

HTX Research says RWA and DeFi are moving into the next phase of programmable finance

HTX Research argues in a new report that the tokenized real-world asset, or RWA, market has moved past basic proof of concept and is now being judged on whether on-chain assets can actually be used inside financial systems. The report says the non-stablecoin tokenized asset market grew from under $3 billion in mid-2024 to more than $30 billion in April 2026 before stabilizing around $34 billion in the second quarter of 2026. In its view, that rise shows that traditional assets can be issued, settled and managed on-chain, but it does not yet prove large-scale financialization. The report pairs that argument with a similar shift in decentralized finance. HTX Research says DeFi is moving away from valuation frameworks centered on TVL and headline scale, and toward models based on revenue quality, risk costs, treasury allocation and how value is transmitted to tokens. It uses Aave as a case study, describing the lending protocol as a key meeting point between stablecoins, tokenized collateral and on-chain credit markets. HTX Research also says stablecoins, RWA products and DeFi protocols are forming a three-layer structure for on-chain finance: stablecoins as the cash leg, tokenized assets as collateral and yield-bearing instruments, and DeFi protocols as the layer for trading, lending, leverage and risk transfer. The report closes by tying these themes to HTX’s own products, including Earn, Structured Products, On-chain Earn and margin-based coin exchange, which it says translate institutional narratives into products retail users can actually use.

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HTX Research says RWA and DeFi are moving into the next phase of programmable finance
Mantle
2026-07-10 07:13:13

MantleCore Proposes 30,000 ETH Loan to Aave DAO Following rsETH Exploit

MantleCore's MIP-34 proposes a 30,000 ETH credit facility from Mantle Treasury to Aave DAO to address liquidity stress from the KelpDAO rsETH exploit. The draft is under community discussion, highlighting cross-protocol cooperation in DeFi security incidents.

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MantleCore Proposes 30,000 ETH Loan to Aave DAO Following rsETH Exploit