Bespoke Digital Asset Research and Market Intelligence

The years 2024 and 2025 were significant for the institutionalization of BTC.

[Chart: Aave V3 vs Lido vs Ethena] Executive summary: DeFi in 2025 In 2025, DeFi moved further away from a cycle-defined speculative arena and closer to a durable financial system with recognisable primitives, maturing market structure, and

The tokenized equities market has crossed $963.04 million in value as of January 2026, representing a ~2,878% YoY increase from approximately $32 million in January 2025.

Report by DL Research based on content provided by RedStone [Chart: RedStone Oracles] Key Takeaways Credora introduces DeFi-native risk ratings that translate complex protocol risks into an A–D scale based on Probability of Significant Loss

Scope of the research report [Chart: BlackRock BUIDL vs Ondo Yield Assets vs Centrifuge] Tokenisation is expanding rapidly across financial markets.

Purpose and scope of the report This report examines how kpk structures and operates curated vaults, and what that implies for liquidity, risk controls, and governance under stress and real market conditions.

Katana in One Paragraph Katana is a ve-native, chain-level system that coordinates liquidity and emissions across the network.

Key Findings The World Crypto Rankings 2025 compares adoption across four pillars: user penetration, transactional use, institutional readiness, and cultural penetration.