Wow. Less than a month after launch, Robinhood Chain has become the largest network by tokenized stock holders, surpassing Solana, BNB Chain, Ethereum, and Base.
Distribution matters.
Source: @tokenterminal
Stop whatever you’re doing.
I don’t care that it’s a Friday in the middle of summer.
If you work in crypto, take two minutes to submit a letter urging the Senate to bring the Clarity Act to the floor for a vote.
This is one of the easiest ways to make your voice heard.
This bear market is ushering in the age of the DEX.
The DEX-to-CEX spot volume ratio is now above 20%, after peaking at nearly 28% earlier this year.
The market has been increasingly favorable to DEXs. Uniswap, for example, is up 30% over the past month, compared with Coinbase's 6% gain.
Ethereum's institutional moment is here.
I sat down with Joseph Chalom (@joechalom), CEO of @SharpLink and former BlackRock crypto partnerships lead, on @GSR's The Crypto Tape to unpack why he believes ETH has a license to win.
Give it a listen.
Hyperliquid’s monthly perpetual volume reached $266B last month, lifting its volume ratio versus Binance to a record 16.52%.
Month after month, the trend is moving in one direction: higher.
Source: The Block
Excited to be hosting the Injective Summit in Washington, D.C. this Thursday.
I’ll be moderating a discussion with leaders from Invesco, Grayscale, and Pantera Capital on what Wall Street is most excited about as institutional adoption of digital assets accelerates.
We’ll also hear from members of Congress on why U.S. leadership in digital assets and financial innovation matters.
Looking forward to some great conversations.
See you in D.C. 🇺🇸
S&P Global is paying attention to DeFi vaults.
Key takeaways from its latest primer:
• Vaults are becoming the on-chain equivalent of managed funds.
• They improve operational efficiency but introduce new risk considerations.
• While crypto-native today, they're poised to become *core infrastructure* for tokenized real-world assets and institutional capital.
Robinhood chain is heating up.
DEX volume hit $633M. Daily active users reached 306.5k on Friday.
CEO Vlad Tenev: "While we're building Robinhood Chain to be the best chain for RWA... it works great for memes too."
NEW: Standard Chartered initiates coverage of Uniswap.
The bank forecasts UNI will rise from roughly $2.50 today to $100 by 2030 — a 40x increase.
The thesis: tokenized assets active in DeFi grow 37x this decade, and Uniswap becomes a core piece of trading infrastructure for traditional finance as trillions of dollars move on-chain.
WSJ: JPMorgan, Bank of America, Citi, and Wells Fargo are building a tokenized deposit network to compete with crypto.
The goal is to keep deposits inside the banking system while offering speed and 24/7 settlement.
The network will be operated by The Clearing House, and it sounds like the underlying blockchain hasn’t been selected yet.
Amy Oldenburg, Head of Digital Asset Strategy at Morgan Stanley, says their new Bitcoin ETF saw the best first day of trading of any ETF they’ve ever launched.
wow