DeFi

The article explores in detail the market performance, governance structures, and extensive applications in the DeFi field of these two tokens, including transactions, lending, and liquidity provision on different blockchains. Through the analysis of on - chain data, the article reveals the role of tokenized Bitcoin in promoting the activity of Bitcoin's on - chain applications.

Discover what BitVMX is, how it works, and why it's changing Bitcoin's capabilities, without tokens, sidechains, or consensus changes.

Kamino Finance is a leading DeFi protocol on Solana that reached $950M TVL in 2025, offering enhanced solutions for borrowing, lending, and liquidity. Now featuring cross-chain integration, AI-powered risk management tools, and institutional services with a thriving KMNO token ecosystem and strategic partnerships across the blockchain space.

Pencil Protocol has evolved into a cornerstone of the Scroll ecosystem by 2025, with TVL exceeding $15 million and over 25,000 active users. Originally backed by Gate Labs, OKX Ventures, Animoca Brands, and others, the platform has expanded its Launchpad, Staking, and Vaults offerings significantly. The Pencils points system now enables governance voting, NFT access, and revenue sharing, while its pETH has become a leading ETH derivative on Scroll. With enhanced ZK-powered security and 30+ ecosystem partners, Pencil Protocol demonstrates the viability of specialized Layer 2 launchpads in the multichain landscape.

Trias is a decentralized infrastructure providing trustworthy cloud computing through its three-layered architecture (Leviatom, Prometh, and MagCarta). As of 2025, Trias has implemented quantum-resistant cryptography, achieved 150,000+ TPS, expanded cross-chain compatibility to 30+ networks, and seen significant enterprise adoption across financial, healthcare, and government sectors. With TVL increasing by 224% to $340M and daily active users reaching 78,000, Trias continues to strengthen its position as a foundational Layer-1 for public blockchains.

Merlin Chain is a Bitcoin-native layer-2 solution that has evolved into a prominent scaling platform by 2025. With a market cap of $840 million and $3.5 billion TVL, it leverages enhanced ZK-rollup technology for 15x faster transactions. The ecosystem now supports 150+ dApps, including MerlinSwap with $450M daily volume. Strategic partnerships with Arbitrum, Circle, and Chainlink have strengthened its position while maintaining Bitcoin's security guarantees through its decentralized oracle network and on-chain fraud-proofs.

Learn how Bankr Bot integrates AI and DeFi, allowing users to buy, sell, and manage crypto through social platforms, with $BNKR at the core of its utility and rewards system.

Learn what AR.IO is, how it works, and why it's key to the future of decentralized, permanent web access built on Arweave.

Uniswap is regaining focus in the cryptocurrency market under the multiple drives of macro regulatory easing, project profitability, and token empowerment progress. This article comprehensively analyzes the current valuation logic of UNI, the regulatory environment, product development, and token mechanisms, providing strong evidence for judging its subsequent trends.

Ethena, with a team of just 26 members, has developed the stablecoin USDe, which maintains price stability and delivers high yields through a model combining crypto collateral and derivatives-based hedging. This article analyzes how Ethena achieved a \$5 billion market cap, its uniquely hard-to-replicate hedging mechanism, and its roadmap toward \$25 billion in growth.

Aevo is a leading decentralized derivatives trading platform dedicated to options and perpetual contracts trading. As of 2025, the platform has achieved significant growth with monthly trading volumes exceeding $15 billion and 250,000 active traders. The AEVO token has shown remarkable performance, with a 609% market cap increase to $780 million since 2023. The platform has expanded with multi-chain integration, advanced risk management tools, and strategic partnerships, establishing itself among the top 5 decentralized derivatives platforms with approximately 28% market share in DeFi options trading.

LST-backed stablecoins use liquid staking tokens as collateral. Learn what they are, how they work, and why they matter for DeFi. As of 2025, the market has grown to $29.7B with 186% YoY growth, featuring innovations in cross-chain compatibility, AI-driven yield strategies, and improved risk management across major tokens like USDe, crvUSD, and others delivering up to 7.2% APY.

Meta description: Discover what BounceBit is, how it works, and why it's transforming Bitcoin into a yield-generating asset through staking, restaking, and CeDeFi tools.

The article not only explains the basic concept of liquidity pools but also demonstrates the flexibility and innovation in liquidity pool design through the evolution of Uniswap V2, V3, and V4. It points out that liquidity pools consist of five elements: capital components, interaction roles, constraint algorithms, profit and cost distribution, and governance mechanisms.

This article provides an in-depth analysis of the recent popular PT leveraged mining strategy constituted by the combination of AAVE, Pendle, and Ethena, focusing on revealing its structural risks—liquidation risks that may arise from changes in the discount rate. Through technical details and fund distribution analysis, it reminds users to rationally control leverage and avoid being misled by market sentiment.