IntoTheBlock

Over the past year, the distribution of losses by root cause reveals continued dominance of technical vulnerabilities, with smart contract bugs driving the majority of incidents.

While stablecoins grew rapidly in 2024–2025, that momentum has largely flattened since Q4 last year. On a monthly basis, the slowdown is driven primarily by USDT and USDC, whose market caps have contracted, while newer entrants such as PYUSD and RLUSD have continued to gain share.

Strategy confirmed the acquisition of more than 22k BTC this week, pushing their total holdings past the 700,000 threshold

DeFi apps don’t become successful in isolation. \n\nYou can optimize one product, but lasting value shows up when the full stack aligns: rails, primitives, liquidity, risk, and the access layer that routes users. \n\nZoom in on the pyramid and share if you build in DeFi.

Both Ethereum and Bitcoin ETFs recorded sizeable outflows this week. \n\nYesterday alone, Bitcoin ETFs saw more than $700 million in net outflows, the largest daily total since mid November.

Lending protocols’ share of total DeFi TVL has trended upward over the last 12 months, increasing from 16.6% in January 2025 to more than 21.3% at present.