avalanche at $861.08m total defi tvl down 1.85% in 24h with $2.79b bridged. stablecoins mcap $1.821b up 0.17% in 2d. chain fees $4.7k generating equal chain revenue and rev in 24h. app revenue $75k with app fees $236k daily. $148.83m dexes volume and $2.4m perps volume with

project 0 at $88.73m tvl sits as defi-native prime brokerage letting users borrow against entire defi portfolio across multiple venues. category lending on solana. $42.77m borrowed. tracking 50 pools with 8.71% average apy. chart shows remarkably flat stability around $80-100m

treehouse protocol at $173.98m tvl introduces treehouse assets and decentralized offered rates as new primitives enabling fixed income products in digital assets with audits. fees annualized at $3.86m with revenue at $2.29m and holders revenue at $233k. tree token at $0.065

merchant moe at $57.23m tvl sits as decentralized trading powered by mantle. fees annualized at $2.77m with revenue at $689k and holders revenue at $689k. $286.79m dex volume. moe token at $0.019 priced at $2.78m mcap against $7.4m fdv with $6.8k daily volume. chart shows launch

merchant moe at $57.23m tvl sits as decentralized trading powered by mantle. fees annualized at $2.77m with revenue at $689k and holders revenue at $689k. $286.79m dex volume. moe token at $0.019 priced at $2.78m mcap against $7.4m fdv with $6.8k daily volume. chart shows launch

pay protocol at $1.86m tvl positions as first and only non-custodial decentralized crypto payment system creating secure efficient true sense of decentralized payment infrastructure empowering businesses and individuals in web3 industry. category payments on tron. chart shows

zooming out, rootstock’s profile looks structurally healthier than the headline tvl dip suggests. tvl peaked north of ~$250m and is now ~$121m, but btc-denominated exposure matters more here than usd optics. ~$80m of that tvl is bridged btc, implying ~65% of capital is long-term

equilibre tvl is ~$5.9m, down sharply from the early launch peak near ~$40–50m, implying an ~85–90% contraction. dex volume over the last 30d is ~$48k, which annualizes to ~$0.6m — a volume/tvl ratio of ~0.1x, extremely low for an amm. this confirms that most liquidity is idle

kava tvl sits at ~$70.8m, down massively from the ~$600–700m peak in 2021–22, implying a ~90%+ drawdown in dollar terms. however, the composition matters: stablecoin mcap is ~$124m, meaning stable liquidity on kava exceeds current defi tvl by ~1.7x, which signals underutilized

wagmi tvl sits at ~$1.48m, down massively from the ~$50–60m peak in early 2025, implying a ~97% drawdown in deployed liquidity. despite that, annualized fees are still ~$262k, which looks optically strong versus tvl (≈18% fee/tvl), but this is misleading: 30d dex volume is only

aave generating $240m annual revenue with 85% margins at $3.2b fdv. protocol collects $40m quarterly from interest spreads and liquidations. stkaave holders receive 15% of protocol revenue via safety module rewards. treasury holds $180m mostly in stables and aave tokens creating

spark generating $164m annualized fees with $21m revenue at only $58m market cap. just launched spark prime and institutional lending giving hedge funds access to $9b in on-chain stablecoin liquidity while keeping custody and risk controls off-chain. targeting the $33b off-chain

$fluid generating $88m annualized fees with $13.4m revenue at only $171m market cap. managing $1.36b tvl which is nearly 8x their valuation while earning $7.65m annually. $13.6b in dex volume last 30 days shows real usage not just parked capital. tvl chart went from sub $500m

$usx solstice managing $314m tvl on solana as a synthetic stablecoin protocol with $4.15m annualized fees but zero protocol revenue because yield passes fully to eUSX holders. basis trading category competing against superstate uscc at $284m and solv at $184m. tvl chart shows

$fxdao sitting at $8.85m tvl after bleeding from $30m peak in july-august. partially algorithmic stablecoin protocol issuing synthetic assets backed by stellar lumens as collateral. first mover on stellar for this model but lost 70% of tvl in the drawdown. xlm collateral locked

$hash (provenance) managing $1.203b tvl with $164.83m stablecoin supply at only $1.034b market cap. protocol generating $7,918 daily app revenue with $140m dex volume in 24h while chain itself doing minimal revenue at $159. tvl chart went vertical from $100m in august to $1.2b

$re7 (re7 labs) managing $186.91m tvl as a risk curator protocol generating $865k annualized fees with $185k revenue. operates vaults across starknet and other defi ecosystems for institutional and operator capital. tvl chart shows two major spikes. hit $800m when vesu v1 vaults

$morpho managing $5.661b tvl as a permissionless lending platform generating $275.73m annualized fees but capturing zero protocol revenue. everything passes to lenders and borrowers. protocol bleeding $17.12m annually in incentives creating negative earnings. $3.251b borrowed

banks in full cope mode trying to nerf stablecoin yield because deposit flight is real and they know it. this isn’t about “consumer protection,” it’s about 5% onchain dollars vs 0.2% boomer savings accounts. crypto side already signaling they’ll dial down pure yield but keep