# DefiPrime > Independent research on decentralized finance. On-chain analysis of protocols, exploits and market structure, plus curated directories of live DeFi products by category. Published since 2019. Analysis pieces are written from primary sources: transaction hashes, block heights, contract state read at a pinned block, and protocol documentation. Identifiers are cited inline so every claim can be checked against the chain. Directory pages list live protocols in a category and are maintained by hand. Attribution: cite as DefiPrime, https://defiprime.com/. ## Analysis and research - [Aero merger opens token migration and replaces weekly voting](https://defiprime.com/aero-merger-migration-rewards): Aerodrome and Velodrome combine as Aero. Migration changes token contracts, liquidity rewards and locked positions, with separate timing for final-epoch voters. - [OKX Unifies EUR and $EURC Spot Trading in Europe](https://defiprime.com/okx-unifies-eur-and-eurc-spot-order-book): OKX combines EUR and $EURC liquidity in one European spot order book, with 1:1 conversion, account-specific pair availability and standard fees. - [BitGo launches Gokubu with token rewards and secured credit](https://defiprime.com/bitgo-gokubu-card-collateral-rewards): BitGo says Gokubu is live. Its card offers token rewards, while public terms describe secured credit, liquidation rights and transaction fees. - [OCC drops stablecoin rewards presumption, keeps evasion scrutiny](https://defiprime.com/occ-final-genius-rule-stablecoin-rewards): The OCC's final GENIUS Act rule removes a rewards presumption but rejects safe harbors for existing programs, DeFi arrangements and white-label partners. - [Pendle opens a deJAAA market for AAA CLO yield](https://defiprime.com/pendle-dejaaa-clo-yield-market): Pendle lists Centrifuge deJAAA on Base, separating principal and income from a note linked to the Janus Henderson Anemoy AAA CLO Fund. - [Qubic resumes its network and opens weak-seed recovery claims](https://defiprime.com/qubic-recovery-claims): Qubic says its network has resumed. Affected holders must migrate insecure wallets and prove ownership to reclaim funds through its recovery portal. - [SIFMA seeks issuer consent and exit rules for tokenized stocks](https://defiprime.com/sifma-tokenized-stock-issuer-consent-exit-rights): SIFMA asks the SEC to replace silence-based consent, extend issuer notice periods and clarify exits from tokenized stock liquidity pools. - [AIFC crypto injunctions target services and app distribution](https://defiprime.com/aifc-crypto-injunctions-coinbase-app-store-limits): AFSA disclosed injunctions against Coinbase and other platforms. Orders limit their reach to the AIFC and make app-store obligations conditional on service. - [1inch Card winds down, urging balance withdrawals by December 18](https://defiprime.com/1inch-card-wind-down-withdrawal-guidance): The 1inch Card is winding down. Holders are urged to move balances by 18 December 2026, but that date is not a guaranteed operational cutoff. - [Silhouette opens HyperCore perps RFQs with a $100k quote cap](https://defiprime.com/silhouette-launches-hypercore-perps-rfq): Silhouette launches BTC and HYPE perpetuals RFQs on HyperCore with a $100k quote cap, a 1.4 bps builder fee and positions held on Hyperliquid. - [JPM Coin adds Ethereum with vetted access and a bank-account off-ramp](https://defiprime.com/jpm-coin-ethereum-deposit-token): JPMorgan lists Ethereum alongside Base for JPM Coin. Its docs specify approved counterparties, BDA redemption and a Saturday funding interruption. - [Polygon adds Besu to CDK with separate bridge and validator controls](https://defiprime.com/polygon-cdk-besu-private-chain-bridge-controls): Polygon's CDK Besu launch connects private ledgers to Agglayer. Its proofs limit bridge withdrawals, while validators retain control over chain execution. - [Zerohash launches AUTH with configurable transfer checks](https://defiprime.com/zerohash-auth-account-linking-transfer-controls): Zerohash launches AUTH for linked-account crypto transfers. Its documentation separates address-free transfers from identity checks and deposit availability. - [CoreWeave, Broadcom and Seven Others Object to OKXICE Stock Tokens](https://defiprime.com/okxice-nine-issuers-object-tokenized-stocks): OKXICE lists nine issuers objecting to tokenized stock trading, including CoreWeave and Broadcom, as its notice details permissioned pools on XLayer. - [BIS Links Deposit Rates to Slower Stablecoin Growth](https://defiprime.com/bis-links-deposit-rates-to-slower-stablecoin-growth): A BIS study finds that higher U.S. deposit rates predict slower stablecoin growth, with a stronger response from $USDC than $USDT. - [Token Terminal Adds Fact Sheets for 10,000+ Tokenized Assets](https://defiprime.com/token-terminal-launches-tokenized-asset-fact-sheets): Token Terminal added sourced legal, operational, and economic disclosures across more than 10,000 tokenized assets and 60 standardized fields. - [Arbitrum Opens USDG Stablecoin Growth Program With 2M ARB Pool](https://defiprime.com/arbitrum-opens-usdg-stablecoin-growth-program): Arbitrum's USDG program offers a 2M ARB pool to eligible protocols that make USDG their primary stablecoin and meet balance targets. - [DTCC Sets $30T Tokenization Scope Across Canton and Besu](https://defiprime.com/dtcc-tokenization-service-launch-scope): DTCC's tokenization service starts with 25 securities, about $30T of eligible assets, and transfers on Canton and a private Besu network. - [Aegis deploys liquidation hedging contracts before live execution is ready](https://defiprime.com/aegis-hedging-testnet-still-needs-live-execution): Aegis has contracts on Elysium testnet, but its native price and order interfaces still have no code. Here is what users can verify. - [NEAR Intents Recovers $3.8M After Contract Exploit](https://defiprime.com/near-intents-recovers-3-8m-after-contract-exploit): NEAR Intents says it recovered $3.8M after a deposit-notification bug created ghost balances, then removed the feature and added an automatic pause. - [Marqeta Adds Coinbase Infrastructure for Stablecoin Cards](https://defiprime.com/marqeta-coinbase-stablecoin-card-infrastructure): Marqeta will use Coinbase custody, conversion, and Base settlement to support stablecoin-backed card programs for enterprise customers. - [Jack Henry Plans Google Cloud Tokenized Deposit Integration](https://defiprime.com/jack-henry-google-cloud-tokenized-deposits): Jack Henry will integrate its core banking technology with Google Cloud Universal Ledger for programmable tokenized deposits and settlement. - [Visa Direct puts USDC prefunding into production](https://defiprime.com/visa-direct-usdc-prefunding-enters-production): Visa Direct moved stablecoin prefunding from pilot to production, with Inyo Global enabling eligible businesses to fund cross-border payouts using USDC. - [Binance Wallet opens a DeFi transaction API](https://defiprime.com/binance-wallet-launches-defi-api): Binance Wallet's DeFi API queries positions and builds unsigned deposit, redeem, liquidity and claim transactions across 10 EVM chains. - [Jupiter YOLO beta trades against a house pool](https://defiprime.com/jupiter-yolo-beta-trades-against-house-pool): Jupiter's YOLO beta offers up to 1,000x leverage, with profits paid by a house pool and queued when the pool cannot cover them. - [$WTIC Lists on LMAX Digital for Institutional Spot Trading](https://defiprime.com/wtic-lists-on-lmax-digital): $WTIC is now available for institutional spot trading on LMAX Digital, adding a third disclosed venue for the physically backed oil token. - [Russia sets July 2027 cutoff for P2P crypto trades](https://defiprime.com/russia-sets-july-2027-cutoff-for-p2p-crypto-trades): Bank of Russia guidance says direct P2P crypto trades can continue only until July 1, 2027, after which residents must use approved intermediaries. - [Mastercard and BVNK launch a fiat-stablecoin platform](https://defiprime.com/mastercard-bvnk-launch-global-money-platform): Mastercard and BVNK launched accounts, payouts and cards spanning fiat and stablecoins, with support across more than 20 blockchain networks. - [Cross River adds $RLUSD to its core banking platform](https://defiprime.com/cross-river-adds-rlusd-to-core-banking-platform): Cross River is adding $RLUSD on XRPL to its banking platform for intraday settlement, cross-border transfers and access through one API. - [bStocks reports $1 billion in assets under management](https://defiprime.com/bstocks-crosses-one-billion-aum): bStocks says assets under management passed $1 billion four months after launch, with more than $6 billion converted between tokens and stocks. - [Ripple Prime adds RWA swaps tied to Hyperliquid markets](https://defiprime.com/ripple-prime-rwa-swaps-hyperliquid): Ripple Prime now offers institutions RWA swaps tied to more than 100 Trade.xyz perpetual markets on Hyperliquid, with 24/7 settlement. - [Stripe and Plasma plan multi-currency stablecoin cards](https://defiprime.com/stripe-plasma-multi-currency-stablecoin-cards): Stripe and Plasma are developing cards for direct spending from fiat and stablecoin balances across more than 30 countries. - [ASIC proposes custody and trading standards for Australian crypto platforms](https://defiprime.com/asic-proposes-australian-crypto-platform-standards): ASIC's CP 392 proposes custody, trading, disclosure and capital rules for Australian digital asset platforms before licensing begins in April 2027. - [KR1 launches dedicated validators on Lido stVaults](https://defiprime.com/kr1-launches-dedicated-validators-on-lido-stvaults): KR1 has launched dedicated Ethereum validators in a P2P.org-operated Lido stVault, with a near-term target of staking up to 6,000 ETH. - [Perpetuals publishes tokenized U.S. stocks notice](https://defiprime.com/perpetuals-publishes-tokenized-us-stocks-notice): Perpetuals published notice of plans for tokenized U.S. equities under the SEC Innovation Exemption, subject to a 30-day period and conditions. - [StandX sets January closure and DUSD exit dates](https://defiprime.com/standx-sets-january-closure-and-dusd-exit-dates): StandX will halt yield, put perps in reduce-only mode, close positions in January, and end DUSD redemptions after a one-time airdrop. - [Hecto Announces $NEOPRIME Private-Market Token on Canton](https://defiprime.com/hecto-neoprime-private-market-token-canton): Hecto announced $NEOPRIME, a Canton token backed by pre-IPO shares, while trading, eligibility, rights, and final terms remain pending. - [Tempo Opens Private Stablecoin Zones With Deel Live in Production](https://defiprime.com/tempo-zones-private-stablecoin-payments): Tempo made Zones generally available, letting enterprises hide internal stablecoin balances and payments while retaining compliance controls and liquidity. - [VanEck ends its Lido Staked Ethereum ETF filing](https://defiprime.com/vaneck-withdraws-lido-staked-ethereum-etf): VanEck asked the SEC to withdraw its Lido Staked Ethereum ETF registration after deciding not to proceed with the planned share distribution. - [Sberbank joins Russia's crypto exchange register](https://defiprime.com/sberbank-joins-russia-crypto-exchange-register): The Bank of Russia added Sberbank to its crypto exchange register after approving it as a digital depository under the new market framework. ## Protocol directories - [Analytics](https://defiprime.com/defi-analytics): Directory of DeFi analytics platforms: protocol dashboards, on-chain data, portfolio tracking, risk monitoring and research, with what each one is best at. - [DeFi Infrastructure & Dev Tooling](https://defiprime.com/infrastructure): Directory of DeFi infrastructure: oracles, bridges, RPC providers, indexing, governance tooling, identity and account abstraction for builders. - [DeFi Lending](https://defiprime.com/decentralized-lending): Directory of the leading DeFi lending markets and CDP protocols by value locked, with lend, borrow, fixed-rate and no-KYC filters across every major chain. - [Decentralized Exchanges](https://defiprime.com/exchanges): Directory of the leading decentralized exchanges and DEX aggregators by 30-day trading volume, with spot, stable swap, NFT and no-KYC filters. - [Payments & Cards](https://defiprime.com/payments): Directory of crypto payment rails: stablecoin cards, fiat on-ramps, streaming payments, invoicing and Lightning, with the chains and currencies each supports. - [Perps & Derivatives](https://defiprime.com/derivatives): Directory of the leading on-chain perpetuals, options and synthetics venues ranked by 30-day volume, from Hyperliquid, Aster and Lighter down the field. - [Prediction Markets](https://defiprime.com/prediction-markets): Directory of the leading on-chain prediction markets and aggregators covering politics, sports and crypto events, ranked by open interest and activity. - [Risk & Insurance](https://defiprime.com/insurance): Directory of DeFi cover providers, risk curators, security monitoring, bug bounty and audit platforms that protect capital in on-chain markets. - [Stablecoins](https://defiprime.com/stablecoins): Directory of the leading stablecoins by circulating supply: fiat-backed, crypto-backed, synthetic and yield-bearing dollars, with the chains each one runs on. - [Staking & Restaking](https://defiprime.com/staking): Directory of the leading liquid staking, restaking and Bitcoin staking protocols by value locked, plus validator operators for direct delegation. - [Tokenization & Real-World Assets](https://defiprime.com/assets-tokenization): Directory of tokenized treasuries, private credit, equities and commodities, plus the platforms that bring real-world assets on-chain, ranked by value locked. - [Wallets & Portfolio](https://defiprime.com/assets-management-tools): Directory of the leading self-custody wallets, portfolio trackers, automation tools and multisigs for managing DeFi positions across chains. - [Yield & Vaults](https://defiprime.com/yield-aggregators): Directory of the leading DeFi vaults, risk curators, yield-trading and fixed-yield protocols by value locked, with the chains and strategies behind each one. ## Ecosystems - [Arbitrum DeFi Ecosystem](https://defiprime.com/arbitrum): List of the best Arbitrum DeFi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Avalanche DeFi Ecosystem](https://defiprime.com/avalanche): List of the best Avalanche Defi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [BNB DeFi Ecosystem](https://defiprime.com/bsc): List of the best BNB Defi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Base DeFi Ecosystem](https://defiprime.com/base): List of the best Base DeFi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Bitcoin DeFi ecosystem](https://defiprime.com/bitcoin): List of the best Bitcoin Defi Products. DeFi is the movement that leverages decentralized networks to transform old financial products into trustless and transparent protocols that run without intermediaries. - [Canto DeFi Ecosystem](https://defiprime.com/canto): List of the best Canto DeFi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Cosmos DeFi Ecosystem](https://defiprime.com/cosmos): List of the best Cosmos DeFi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [EOS DeFi Ecosystem](https://defiprime.com/eos): List of the best EOS DeFi Projects. EOS DeFi dApps leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Ethereum DeFi Ecosystem](https://defiprime.com/ethereum): List of the best Ethereum Defi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Optimism DeFi Ecosystem](https://defiprime.com/optimism): List of the best Optimism DeFi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Polygon DeFi Ecosystem](https://defiprime.com/polygon): List of the best Polygon DeFi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. - [Solana DeFi Ecosystem](https://defiprime.com/solana): List of the best Solana DeFi Projects, that leverages decentralized networks to transform old financial products into trustless and transparent protocols. ## Optional - [About DefiPrime](https://defiprime.com/about): who publishes this and how to get in touch. - [Blog index](https://defiprime.com/blog): every analysis piece, newest first. - [RSS feed](https://defiprime.com/feed.xml): full text of recent posts. - [Sitemap](https://defiprime.com/sitemap.xml): every indexable URL. - [DEX volume tracker](https://defiprime.com/dex-volume): decentralized exchange volume by protocol.