Phoenix77

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Tokenized funds are quietly becoming one of the most important layers in RWA.
The category has reached $35.6B in market cap, with @SkyMoney leading at the issuer level and sUSDS leading at the asset level.
By asset, sUSDS is now the largest tokenized fund with $5.6B in market cap and a 15.8% market share.
By issuer, Sky ranks #1 with $5.8B and a 16.2% share, ahead of Securitize, Circle, Ondo Finance, Franklin Templeton, Maple, Ethena and Superstate.
That says a lot about where tokenized funds are heading.
The early RWA narrative focused on bringing Treasuries, money market funds and institutio
RWA-0.25%
SKY6.39%
CRCLX1.28%
ONDO4.28%
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Half of 2026 has already passed, and the dominance of stablecoin and real yield narratives in on-chain revenue has become crystal clear.
Among all projects, the one showing the strongest growth is @SkyMoney, securing a solid #5 position in the Top 10 projects by revenue.
Sky generated $208.9 million in revenue over the past 180 days, averaging approximately $1.16 million per day.
It trails only the three stablecoin giants @tether, @trondao, and @circle along with @HyperliquidX (perpetuals), yet outperforms speculative protocols such as @pumpdotfun, @ethena, and @PancakeSwap by a wide margin.
SKY6.39%
ENA5.41%
CAKE2.92%
HYPE1.49%
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Yield-bearing stablecoins are winning the long game.
@SkyMoney demonstrates a powerful model: stable value that delivers real utility for capital.
According to @tokenterminal's competitive landscape (last 3 years):
Sky has generated $942.1 million USD in revenue, achieving 4.4% market share of the total $21.4 billion earned by all stablecoin issuers.
This places Sky strongly at #3 globally, following @tether ($14.3B) and @circle ($5.4B).
Sky’s decentralized model excels through stability fees from collateralized vaults combined with yields from its RWA portfolio (US Treasuries and tokenized
SKY6.39%
USDS0.02%
CRCLX1.28%
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In the agent economy, strong infrastructure creates a real advantage.
One prompt must turn user intent into fast, reliable on-chain execution.
@HeyElsaAI X402 execution layer delivers exactly this power.
Milestone growth:
> 945,000+ wallets connected
> 18.9 million+ prompts executed
>$503 million+ on-chain volume
How X402 infrastructure works:
> Pay-per-request in USDC with clear pricing
> Supports 15+ chains and 20+ DEXs
> Handles swaps, bridging, yield, limit orders, and portfolio actions
> Average response time ~1 second
> Built-in dry-run safety and transparent fees
Users simply express th
PROMPT1.12%
USDC0.01%
ELSA3.90%
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GateUser-b8aaaa4b:
scamer
Using DeFi still feels fragmented for most traders.
You check portfolio exposure in one place, swap somewhere else, bridge through another route, scan yield manually, then double-check risk before signing.
@HeyElsaAI feels less like a trading app and more like a crypto assistant for active DeFi users.
From the image, the product edge comes from combining several workflows into one AI layer:
- smart portfolio building
- one-step swap, bridge, and transfer
- yield discovery on autopilot
- built-in risk protection
- simple explanations while using the product
- multilingual support for global use
ELSA3.90%
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The most important part of @HeyElsaAI architecture is Elsa AI Automata.
When a user gives an instruction, Elsa does more than read the prompt. The system routes that intent through multiple internal components:
> User Profile Agent
> Chain Analyser Agent
> Intent Agent
> Data Engine
> Risk Management Engine
> Onchain Script Engine
Each part handles a different job: understand the user, read chain conditions, interpret the goal, check data, manage risk, and prepare the execution logic.
The architecture also connects external agents, intent resolvers, data pipelines, DAO monitoring, wallet manag
ELSA3.90%
ATA1.67%
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GateUser-b8aaaa4b:
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After spending time analyzing @alturax’s dashboard, I think the protocol increasingly looks like an emerging on-chain capital allocator rather than a traditional yield platform.
The most interesting part comes from the structure underneath the yield.
> $22.5M+ reserves.
> ~19.3% weighted APY.
> 102.77% collateralization.
The capital deployment already reveals the strategy clearly:
> Funding Rate & Market Making 45.9%
> RWA yield 38.6%
> Custody infrastructure 11.9%
This creates multiple yield streams across market-neutral strategies, treasury management, and real-world assets instead of relyin
ALU0.44%
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❯ @HeyElsaAI brings execution to agentic DeFi.
With X402 APIs, agents can access data, pay per request, and execute on-chain actions in one flow.
Builders and agents can pay in USDC or ELSA on Base. Each request has transparent pricing, giving apps, bots, dashboards, and AI agents a direct monetization path from the API layer.
Real pricing:
- search_token: $0.001
- get_balances: $0.005
- get_portfolio: $0.01
- execute_swap: $0.02
- get_yield_suggestions: $0.02
For users, Elsa makes DeFi faster and more seamless. Users can check portfolios, discover yield, swap, manage positions, and track on-c
USDC0.01%
ELSA3.90%
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Plasma is starting its own DeFi summer on @pendle_fi.
The key signal goes beyond APY.
These 4 markets are splitting capital into different roles inside the @Plasma ecosystem.
1. Fixed APY hunter - PT yzUSD 8.37%
PT yzUSD currently offers the highest fixed APY on Plasma Pendle, with maturity on July 30.
This pool represents “duration capital”: users willing to lock into a clear maturity for predictable yield. If this market expands, it shows real fixed-income demand forming on Plasma.
2. Leverage king - YT sUSDe 265x
This is the main market right now, with ~$85M liquidity and ~$5.2M 24h volume.
XPL1.04%
PENDLE7.55%
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