Tag
Protocols
6 articles
Ethena's Young: DeFi Consolidates Into Duopolies Across Verticals
Ethena founder Guy Young observed that stablecoins, lending, perpetual futures, and DEXs each have two dominant protocols capturing most market share.
Protocols Shift Focus to Direct User Acquisition and Transparency
DeFi builders are prioritizing distribution and operational transparency over product innovation alone, with founders becoming primary channels to attract and retain capital.
Structured On-Chain Analysis Frameworks Guide DeFi Protocol Decisions
Protocol teams and DAOs are adopting consulting-style research frameworks to interpret TVL, bridge flows and token emissions for governance and capital allocation.
Consumer Apps Gain Ground on Stablecoin Issuers in Protocol Revenue Race
Pump.fun and Fomo are posting record weekly fees, but Tether and three other stablecoin issuers still account for 65.7 percent of total tracked protocol revenue.
Boltz Suspends Bitcoin Swaps as AI-Driven Attacks Overwhelm Dev Team
The non-custodial swap service halted operations indefinitely after months of automated, AI-driven probing outpaced its small development team's ability to patch vulnerabilities.
Zapper, Botanix, Odos Among DeFi Protocols Shutting Down in 2026
The closures point to deeper failures in product-market fit as capital flows toward RWA yields and integrated L2 infrastructure