Token Terminal's weekly Snapshot covers emerging DeFi vault curators, Paxos' growth to $6.7B in issued assets including PYUSD and USDG, Solana's diversifying stablecoin landscape, and Ethereum L1's record transactions at low fees. It highlights new listings like Fathom on XDC and tokenized assets on Stellar such as sgBENJI and gBENJI. Platform updates include Studio improvements and a new Nansen integration.
The Snapshot analyzes vault curators as a new DeFi category, with Steakhouse Financial managing $1.8B on Morpho through tailored strategies enabled by its modular design. Paxos has scaled its issued assets from $1B to $6.7B since January 2025, powering stablecoins like PYUSD and USDG via regulated infrastructure. Solana's stablecoin supply has diversified to 20% non-USDC/USDT, reducing risks and attracting new issuers. Ethereum L1 achieves record 12M weekly transactions with fees under $0.02 due to scaling upgrades like EIP-4844. New listings include Fathom's FXD stablecoin on XDC and Stellar-based sgBENJI/gBENJI from Franklin Templeton, plus 143 tokenized assets. Platform enhancements feature bulk actions and better search in Studio, alongside a partnership with Nansen for onchain data integration.
