Every week we do on chain analysis: stablecoin flows, chain activity , farm flows
Find out if the market is feeling risk on or off, and which chains are outperforming
Ecosystem Update : Solana is Back, DeFi Rising Amidst Self-Custody Narrative
Stablecoin flows continues to surge with $2B (+0.8%) inflow this week vs $1.9B last week.
USDT + USDC saw consistent growth, with USDT mainly deposited into RWA protocols on Ethereum. Not for trading — for farming.
That tells us one thing:
RWA protocols are winning while big DeFi yield sources shrink.
Stables on Aave, Morpho, etc. are offering lower base yields — so farmers are rotating to protocols offering higher RWA yield.
CEX losing ground again.
For the 3rd straight week, stablecoin supply on centralized exchanges is down.
DEX spot share hits 1-year high: 30% of total spot volume.
Traders prefer Uniswap, Hyperliquid, and self-custody.
Numbers and fact don't lie - a real shift is happening.
Meanwhile, lending TVL is up, but borrowing is up faster → leveraged farming is back.
To access this week's full ecosystem analysis and the yield farming strategies driving the growth, subscribe or get 7 days free trial :
9.89K
1
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.