TVL of Plume Network's Vaults just doubled! @plumenetwork's RWA vaults have seen a TVL increase of some +101% in the last month alone, rising to a figure of some $219M. The data reflects growing traction for the $PLUME ecosystem, which has established itself as a major force in the RWA sector.

TVL on Core Blockchain is positive on the day Core Dao's (@Coredao_Org) Total Value Locked is up nearly 10% in the last 24 hours. According to Defillma, the chain's TVL has grown by 7.37%, driven by several DeFi platforms, including b14g. The restaking platform, @b14g_network, has recorded over $4M in TVL, dominating the Core blockchain ecosystem. The second platform with the highest TVL is SatoshiCore Swap, and @colend_xyz.

DeFi TVL is back around $95.8B, still only ~53% of the ~$180B 2021 peak. If DeFi summer narrative come back right now, the actual comeback might looks much more boring because the industry already matured. – $55.3B sitting in lending protocols – $24.2B of active loans across @aave, @Morpho, @sparkfinance etc – $50B across liquid staking protocol At current stage, capital isn't just parking there waiting for emissions. Borrowers are actually paying for balance sheet. This is probably the biggest difference versus old DeFi Summer. 2020 yield was mostly: deposit liquidity → protocol prints token → farmer dumps token. The current stack: ETH can become stETH → restaked → wrapped into an LRT → deposited into lending → borrowed against → turned into a Pendle PT/YT position. One original ETH can leave footprints across 5 protocols. I called this matured industry because debt outstanding, utilization, fees, stablecoin growth and whether the yield still exists after incentives disappear. – 34% of all ETH is already staked – @LidoFinance has ~9.74M ETH (56.7%), $26.8B TVL and 641K+ stakers At this point LSTs are the yield-bearing monetary base of ETH DeFi. Any ETH holder can earn staking yield, stays liquid, becomes collateral, then that collateral can finance the rest of the stack. Solana is building the same thing from another direction. – @kamino has ~$1.5B TVL + $1.05B loans – @jito ~$1.22B TVL and +25.7% in 30d – @sanctumso ~$2.16B and +31.1% The staking → LST → credit loop is becoming multi-chain infra rather than an ETH-only trade. Where I’m much less convinced is restaking. – @eigencloud has ~$7.2B TVL, did ~$211K fees in the latest 30d – @symbioticfi with ~$483M TVL, 80+ vaults, 74K+ stakers, but only ~$108K monthly fees – the whole restaking sector is only ~$11B. Market say no to the external security itself pays enough to justify another level of smart contract, slashing, liquidity and depeg risk. Which also explains why the LRT market got smoked down to a few real survivors. DeFi yield now is becoming a market for yield on digital dollars. – @ethena is back ~$5.36B TVL, +23.5% in 30d and doing ~$19.5M monthly fees. – RWAs are sitting at ~$30B active AUM. Capital can choose between USDC lending, Sky savings, sUSDe, @pendle_fi fixed yield, tokenized Treasuries, LST carry etc. Different risk engines competing to produce onchain yield. And TradFi actually makes that competition harder. – 13-week T-bills are 4.12%, – native ETH staking is only ~2.3% – a random 2-3% stablecoin farm is just taking smart-contract risk to underperform cash The sustainable DeFi yield zone probably needs to live closer to 6–8% without heavy emissions before it starts looking genuinely attractive. Double digit APY still needs to be dissected because somewhere inside it there's usually leverage, duration, funding risk, incentives or all four. This is why I think the next traditional DeFi cycle might be a balance-sheet expansion. Stablecoins grow → loans outpace TVL → utilization/APYs rise → more LST/RWA/BTC collateral gets borrowed against → Pendle + fees accelerate → tokens capture value. We’re already seeing the first half, the second half still needs proof.

EARN TVL has crossed $520k. That’s capital deposited across automated liquidity vaults, Omnipools and $EARN staking, all earning yield or rewards onchain. This is just the beginning, billions must EARN.