A macro, data-focused view of onchain finance.

Onchain
Joined February 2025
JUST IN: The @SECGov sent a proposal to the White House for review that would overhaul crypto custody rules for registered investment advisers.
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INSIGHT: RWA trading volume on Robinhood Chain hit a new all-time high yesterday of $85.1 million.
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INSIGHT: @aave V4 reaches new all-time high of $500 million deposits on Ethereum.
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JUST IN: Ondo's IVVon is now the largest tokenized ETF. Its market cap more than tripled this year to nearly $70 million, roughly 12% of the tokenized ETF market.
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BREAKING: The tokenized RWA market grew 18.7x over the past three years to $44.6 billion, excluding stablecoins. U.S. T-bills lead at $14.8 billion. The remaining $29.8 billion spans yield strategies, credit funds, gold, stocks, and more.
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BREAKING: @base announces that Coinbase Tokenized Stocks are live, with an ecosystem of supporting projects including Aerodrome, Aave, Chainlink, 1inch, and more.
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BREAKING: @aave V4 crossed $500 million deposits, one week after @ether_fi moved its neobank credit backend onto V4.
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INSIGHT: Tokenized RWAs added roughly 800,000 holders in the past 30 days, pushing the total past 2 million.
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INSIGHT: @Plasma has paid out close to $1 million in Plasma One cashback since March, and weekly payouts now run above $115,000. Weekly cashback has grown roughly 5x since mid-June, per @Paymentscan.
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INSIGHT: @monad crossed $1.85 billion in chain deposits with borrows included.
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INSIGHT: Prediction market volume fell for a second straight week, down from the mid-July peak near $13 billion.
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INSIGHT: Tokenized gold added more than $400 million market cap over the past 30 days, with tokenized oil and silver barely registering against it. XAUT → +$237.1M PAXG → +$125.3M
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BREAKING: @ether_fi to run its ether.fi Cash credit backend on a custom Aave V4 integration deployed on @Optimism.
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JUST IN: Fidelity filed to add staking and quarterly cash distributions to its $898M ether ETF, with up to 100% of holdings eligible to be staked.
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NEWS: Vitalik Buterin says quantum security and privacy now sit at the center of Ethereum's roadmap, and neither appeared on the 2023 plan at all. The Strawmap runs through 2029 and opens the door to replacing the EVM with RISC-V or leanISA.
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INSIGHT: Stablecoin loans on @aave have grown by half a billion dollars since mid-July.
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BREAKING: Robinhood Chain crossed $4M in total revenue since launching July 1. The chain reached the mark in roughly five weeks, running on @arbitrum Orbit infrastructure.
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INSIGHT: Long-term holders moved 210,000 $BTC out of dormant wallets last week, the largest such move since December 2024 per @glassnode. This move comes after Coldcard's firmware breach pushed holders toward fresh wallets.
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NEWS: Senator Elizabeth Warren said she supports crypto legislation while opposing the CLARITY Act. Warren is the ranking Democrat on Senate Banking, and the bill needs Democratic votes to clear sixty.
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INSIGHT: @KASTxyz Card crossed $635 million in cumulative card spending, having taken until October 2025 to reach its first $50 million. Solana carries roughly two thirds of the volume, ahead of Ethereum and Polygon, per @Paymentscan.
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