Post #1580

Institutional capital is increasingly moving into production-grade onchain infrastructure, and the data from the past two weeks reflects that shift in concrete terms. 1️⃣ Legal & General Asset Management put $68B in funds onchain via the Calastone token network, the kind of move that marks the difference between institutions studying tokenization and institutions committing to it. 2️⃣ Stablecoin supply on Ethereum reached a record $180B, with Ethereum now holding roughly 60% of the global stablecoin market. 3️⃣ New users on Ethereum jumped 82% quarter-over-quarter, with transaction volumes hitting record highs. 4️⃣ Strategy added another 13,927 BTC, bringing total holdings past 780,000. Meanwhile, DEXs are on pace to capture more than 25% of combined spot trading volume by year-end, and crypto-backed loans are increasing as institutional participants increasingly use DeFi protocols for capital deployment. Our latest edition of Eyes on the Market breaks down what's happening. Read more here.