Ethena Blog is now live
I’ve been tracking @ethena_labs from the Whitelabel phase to its rise in PT dominance
This new hub brings every essential insight into one place
> Protocol integrations across Pendle, Fluid, Euler
> Macro analysis on stablecoin growth in both DeFi and CEX
> Deep dives into sUSDe / USDtb yield strategies
> Early signals on narrative shifts and partner expansion
> For builders, traders, and researchers around Ethena’s ecosystem → this is the playbook
A resource that highlights @Ethena_Eco, the next move before the charts reflect it
Bookmark it

$ENA holders reached 83k a steady climb across 20 months
The catalyst behind the surge:
sENA liquid staking, launched in Sep 2025
Stake ENA → receive sENA that remains fully composable across DeFi (Pendle, Aave, Morpho, and more)
At the same time, sENA earns 15% of future token supply from ecosystem partners:
@etherealdex
@BasedOneX
@DeriveXYZ
@strata_fi
@Terminal_fi
@EchelonMarket
@hyenatrade
@ReyaFinance
@nunchi
Impact so far: >13% of the total ENA supply is staked
Across the last 3 months of 2025, the community grew by ~25k holders, fueled by a model that turns @ethena_labs and @Ethena_Eco

Agents on @Talus_Labs walk an invisible pathway a lattice of tools and transitions only the DAG can interpret
Here’s the map behind the curtain
1) Request → Workflow
• A user submits a request
• Talus transforms that intent into a DAG workflow
• The workflow defines each step and the expected outputs
→ Intent becomes a structured execution path.
2) DAG Execution → Tools at work
Inside the DAG, each node is a Tool:
• One tool branches logic
• One processes initial inputs
• One refines and aggregates results
All branches run in parallel and converge at the terminal state (T).
→ A modular, parall

Most earn platforms ask for trust
@moremarketsxyz asks for attention because everything is visible
> 34.6% of users prioritize full control
> 27.7% want clear insight into how strategies operate
MoreMarkets meets both expectations with precision
Audited on-chain strategies with step-by-step verifiability
Real-time portfolio visibility from capital flow to yield flow
Anytime withdrawal custody stays entirely with the user
The $37.5M AUM highlights a new direction: earning while holding your own keys is moving toward the retail default
If traditional vaults feel like closed rooms, MoreMarkets fe

Institutional DeFi enters a new phase
Ethena × Anchorage unveil the first-ever federally regulated stablecoin, USDtb backed 100% by treasuries and RWAs, issued and custodied by Anchorage, the only OCC-chartered crypto bank
All reserves sit inside BlackRock’s BUIDL fund
USDe and USDtb holders gain direct yield on Anchorage with full liquidity, creating a stablecoin built for institutions: DeFi-level returns, U.S. bank-grade structure
Key breakthroughs:
+ First >$1B smart-contract system transitioned fully onshore
+ Regulatory leap beyond state-level issuance caps
+ A clear path for next-gen pro

Zapier made automation easy
Talus makes it ownable
Zapier and n8n proved automation is a billion-dollar market on Web 2
At web 3, we have @Talus_Labs with Nexus SDK and Talus Vision taking it further: verifiable, decentralized, and built for ownership
Nexus turns workflows into on-chain digital assets:
> Each step is a verifiable tool
> DAG-based logic logs every execution immutably
> AI agents act, stake, and earn based on provable behavior
Talus delivers the full stack: execution engine, oracle layer, and $US incentives, enabling any developer to publish tools and earn from usage
Compared to

Solv is reshaping Bitcoin liquidity across DeFi
Data from @BitcoinLayers shows @SolvProtocol consistently ranking among the top in wrapped BTC growth week over week, month over month, and year over year
❯ On Solana, SolvBTC reached 1,455 BTC, leading among on-chain BTC solutions
❯ On BNB Chain, SolvBTC.ENA saw +571% yearly growth
❯ On Ink, SolvBTC grew 854%—outpacing Coinbase’s cbBTC
=> BTC capital is moving beyond CeFi
Liquidity is flowing into high-throughput ecosystems like Solana, BNB, and Starknet, and Solv is positioning itself as the bridge powering this shift
Solv’s consistent W/M/Y gr

Day one EO feeds on @monad signal a clear intent: infra matters at block zero
While many chains prioritize EVM launch first, Monad integrates both execution and oracle infrastructure from the start
Why this is critical:
+ Launch-ready oracles allow protocols to go live with verified data flows
+ Builders gain a native data layer no extra tooling or forking required
+ High-performance compute meets real-time, verifiable inputs → enabling trust-minimized applications
Throughput forms the body. Oracle truth moves the system
@EO_Network × Monad activate both from genesis

Agentic DeFi reaches full potential with zkML
The unlock lies in verifiable AI agents applying the same logic as trustless DeFi to intelligent, cross-chain execution
zkML proving has been the pressure point
Often slow, costly, and centralized limiting scale and adoption
@cysic_xyz × NOYA redesign the stack
Hardware-accelerated proving + decentralized infra deliver AI inference at real-time speeds, with private weights and verifiable outputs
This enables more than just faster models
It lays the groundwork for multi-chain autonomous agents that hold assets, execute trades, and coordinate intelli

Solv x Canton: Building Bitcoin’s Institutional Layer
@SolvProtocol integrates with @CantonNetwork, connecting $605M+ SolvBTC liquidity and $300M+ BTC-backed loans to Canton’s institutional-grade infrastructure powered by selective privacy and atomic settlement
Key highlights:
+ Institutional backbone supported by Goldman Sachs, HSBC, and BNP Paribas.
+ Expands BTC-backed borrowing, stablecoin markets, and RWA strategies across compliant cross-border rails.
+ Boosts institutional adoption Zeta Group added $230M SolvBTC, Jiuzi Holdings plans $1B BTC allocation.
+ Enhances collateral mobility an

Cysic is redefining how decentralized compute scales turning raw hardware into verifiable capital through a structured ComputeFi stack
Here’s how its five key solutions rank in driving that shift ⇩
1️⃣ Centralized supply → Decentralized GPU/ASIC pools unlock global, low-latency access. (9/10)
2️⃣ Verification layer → zkSNARK redundancy and consensus deliver transparent validation. (9/10)
3️⃣ Scalability bottlenecks → Global proof pool achieves real-time verified blocks with sub-second latency. (10/10)
4️⃣ AI compute cost → Pay-as-you-go GPU inference verified onchain, 10x faster for ML tasks.

Talus x Sentient >The Onchain AI Partnership Flywheel
Most agents are built then fade unused
This collaboration builds the missing loop connecting builders, users, and funding into one living system
How it works:
> @Talus_Labs: Agent infrastructure → AI Agents, Onchain Vision, AvA Gaming, Sui integration
> @SentientAGI: Distribution engine → AgentHub, SentientChat, 3M+ users, GRID funding
Integration: Model-agnostic + no-code → Talus agents flow directly into Sentient’s ecosystem
➱ The Growth Loop: Users → Agents → Usage → Funding → More Agents
Solves the agent adoption gap (built but unused)