The article discusses the rapid growth of crypto cards, which have expanded into an $18 billion market, with monthly transactions rising from $100 million to over $1.5 billion. It also highlights significant developments in stablecoin usage and the evolving landscape of decentralized finance (DeFi), particularly focusing on platforms like Hyperliquid.

This article discusses how cryptocurrency has transitioned from being viewed as risky to becoming a legitimate form of money, supported by deep liquidity and institutional backing. It highlights the rise of tokenized assets and decentralized finance (DeFi) as transformative elements in the financial landscape.

The collapse of Stream Finance and other stablecoins in November 2025 highlights serious weaknesses in decentralized finance, particularly around risk management and transparency. The events demonstrate a cycle of poor oversight and unsustainable yield promises, leading to significant financial losses.

The article explores the evolution of onchain yield in decentralized finance (DeFi), detailing various strategies for generating yield from blockchain-based assets. It categorizes these strategies based on their complexity, risk, and underlying assets, while also highlighting the distinction between yield-bearing and non-yield-bearing stablecoins. Additionally, it emphasizes the significant opportunity cost for holders of non-yield-bearing stablecoins in the current market landscape.