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DeFi & Onchain Finance

DeFi is becoming the operating layer for digital asset finance: vaults, lending markets, stablecoins, tokenised collateral, and structured yield products. Castle Labs tracks the infrastructure making that transition real, from Morpho and Aave to the curator model, RWA collateral, and the products that connect offchain capital to onchain execution. The reader question is practical: which systems are becoming durable financial infrastructure, and which are still yield theatre?

$26.8B
tracked vault stack TVL
$7.1B
Morpho TVL
13
core protocols tracked

key figures as of 2026-07-07 · refreshed daily

DeFi Articles

Composable TradFi: RWAs in DeFi
·DeFiMarkets

Composable TradFi: RWAs in DeFi

Mapping the growth of RWAs in DeFi

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RWAs: A Blueprint for the Future of Mantle
·Deep DivesMarkets

RWAs: A Blueprint for the Future of Mantle

While most metrics are down across the board, the RWA sector is the only one showing consistent growth, with tokenised stocks among the fastest-growing RWA categories right now.

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Vaults: The Infrastructure Layer for Institutional Finance Onchain
·Deep DivesDeFi

Vaults: The Infrastructure Layer for Institutional Finance Onchain

Vaults are becoming DeFi's default entry point for institutions

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From Neobanks to Onchain Banks
·DeFiMarkets

From Neobanks to Onchain Banks

From Neobanks to Onchain Banks — research from Castle Labs.

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A Boros Special Feature, Real Estate Backed Tokens, and ERC-8183
·DeFiMarkets

A Boros Special Feature, Real Estate Backed Tokens, and ERC-8183

PLUS: Pendle's Road to DeFi Domination

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69 Trillion: The Tokenisation Opportunity
·DeFiMarkets

69 Trillion: The Tokenisation Opportunity

69 Trillion: The Tokenisation Opportunity — research from Castle Labs.

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The Fight for Yield is Over: Making DeFi More Accessible
·DeFiMarkets

The Fight for Yield is Over: Making DeFi More Accessible

The Fight for Yield is Over: Making DeFi More Accessible — research from Castle Labs.

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DeFi Will Win
·DeFiMarkets

DeFi Will Win

DeFi Will Win — research from Castle Labs.

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Harmonix Finance: Innovating Yield Generation on HyperEVM and HIP-3 Markets
·DeFiMarkets

Harmonix Finance: Innovating Yield Generation on HyperEVM and HIP-3 Markets

Harmonix Finance: Innovating Yield Generation on HyperEVM and HIP-3 Markets — research from Castle Labs.

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OpenEden: On The EDEN Token, Roadmap and Bringing more RWAs Onchain
·DeFiMarkets

OpenEden: On The EDEN Token, Roadmap and Bringing more RWAs Onchain

OpenEden: On The EDEN Token, Roadmap and Bringing more RWAs Onchain — research from Castle Labs.

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Mantle's RWA Push: Over $150k in Builder Prizes in their Global Hackathon
·DeFiL2s

Mantle's RWA Push: Over $150k in Builder Prizes in their Global Hackathon

Mantle's RWA Push: Over $150k in Builder Prizes in their Global Hackathon — research from Castle Labs.

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Upshift: Institutional-Grade Yield Strategies for the Masses
·DeFiMarkets

Upshift: Institutional-Grade Yield Strategies for the Masses

Upshift: Institutional-Grade Yield Strategies for the Masses — research from Castle Labs.

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Oracle Infrastructure: The Backbone of Lending Protocols
·DeFiMarkets

Oracle Infrastructure: The Backbone of Lending Protocols

This comprehensive report covers the oracle infrastructure behind top onchain money markets.

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The Year of the Neobank
·DeFiMarkets

The Year of the Neobank

First we infiltrate, then we conquer.

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Core Architecture and Positioning of DeFi's Top Money Markets
·DeFiMarkets

Core Architecture and Positioning of DeFi's Top Money Markets

Castle Lending Series: Part I

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Loopscale: Order book lending on Solana
·DeFiMarkets

Loopscale: Order book lending on Solana

Loopscale: Order book lending on Solana — research from Castle Labs.

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On RWAs and Institutional-Grade Assets: The Case of OpenEden
·DeFiMarkets

On RWAs and Institutional-Grade Assets: The Case of OpenEden

On RWAs and Institutional-Grade Assets: The Case of OpenEden — research from Castle Labs.

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USDH: A Hyperliquid Aligned Stablecoin
·TradingDeFi

USDH: A Hyperliquid Aligned Stablecoin

A deep dive into all the current proposals for the USDH stablecoin

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Fluid: DeFi's New Dominator
·DeFiMarkets

Fluid: DeFi's New Dominator

Fluid: DeFi's New Dominator — research from Castle Labs.

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Stablecoin Chains: Which Blockchain is Best Placed to Capitalize on the Stablecoin Revolution?
·DeFiMarkets

Stablecoin Chains: Which Blockchain is Best Placed to Capitalize on the Stablecoin Revolution?

Stablecoin Chains: Which Blockchain is Best Placed to Capitalize on the Stablecoin Revolution? — research from Castle Labs.

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A Deep Dive Into Arbitrum's RWA Sector
·DeFiL2s

A Deep Dive Into Arbitrum's RWA Sector

A Deep Dive Into Arbitrum's RWA Sector — research from Castle Labs.

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Stablecoin Adoption and Regional Usage in 2024 and 2025: What Changed?
·DeFiMarkets

Stablecoin Adoption and Regional Usage in 2024 and 2025: What Changed?

Stablecoin Adoption and Regional Usage in 2024 and 2025: What Changed? — research from Castle Labs.

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A Comparative Ecosystem Analysis of Arbitrum's Positioning in DeFi
·DeFiL2s

A Comparative Ecosystem Analysis of Arbitrum's Positioning in DeFi

A Comparative Ecosystem Analysis of Arbitrum's Positioning in DeFi — research from Castle Labs.

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BTC Remains Calm Amidst Market-Wide Volatility While Altcoins Continue To Bleed
·DeFiL2s

BTC Remains Calm Amidst Market-Wide Volatility While Altcoins Continue To Bleed

PLUS: Many Arbitrum Ecosystem Updates - Orbits, RWA, and more

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Sei v2, Restaking Yield Whales, Scroll Sessions, LTF TA Update & More
·DeFiMarkets

Sei v2, Restaking Yield Whales, Scroll Sessions, LTF TA Update & More

The Castle Chronicle: Volume 71

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SEC and CTFC Charges, Trump DeFi Project, Fed Pivot, and More
·DeFiRegulation

SEC and CTFC Charges, Trump DeFi Project, Fed Pivot, and More

PLUS: A New Product Testing Feature!

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Institutional Buyers, DeFi Strength, and Alameda are Back?!
·DeFiL2s

Institutional Buyers, DeFi Strength, and Alameda are Back?!

PLUS: A Look at Ethereum Interop with Arbitrum

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Defi Reinnassaince? Data Bites, Hooks and Mode
·DeFiMarkets

Defi Reinnassaince? Data Bites, Hooks and Mode

The Castle Chronicle: Volume 82

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CZ Released, Visa Tokenization, and $EIGEN Drop!
·DeFiMarkets

CZ Released, Visa Tokenization, and $EIGEN Drop!

PLUS: Stablecoin Trends and Bittensor Incentivization

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Castle x DeFiLlama, Bitcoin Knocking on $100k, and AI Agents Takeover!
·AIMarkets

Castle x DeFiLlama, Bitcoin Knocking on $100k, and AI Agents Takeover!

PLUS: Why Market Makers are Doubling Down on the Craziest Tokens

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Balancing the Stablecoin Ecosystem: The Success of Delta-Neutral Models with Ethena and Resolv
·DeFiDeep Dives

Balancing the Stablecoin Ecosystem: The Success of Delta-Neutral Models with Ethena and Resolv

A Castle Research Report

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An Overview of Arbitrum's DeFi Ecosystem
·DeFiL2s

An Overview of Arbitrum's DeFi Ecosystem

A Castle Research Report

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$ZRO Token, Exploits, IntentX, Airdrop Hype, RWAs & More
·DeFiMarkets

$ZRO Token, Exploits, IntentX, Airdrop Hype, RWAs & More

The Castle Chronicle: Volume 47

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The Evolution of Liquidity Provision: A Deep Dive into DeFi's Architectural Plumbing
·DeFiDeep Dives

The Evolution of Liquidity Provision: A Deep Dive into DeFi's Architectural Plumbing

A Castle Research Report

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Demystifying Options: A 0 to 1 Guide about DeFi Options
·DeFiMarkets

Demystifying Options: A 0 to 1 Guide about DeFi Options

Castle Research: An Introduction to DeFi Options

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CitiGroup, Celestia, Sifu Loves Yield, New Projects & More
·DeFiMarkets

CitiGroup, Celestia, Sifu Loves Yield, New Projects & More

The Castle Chronicle: Volume 36

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Blurring the Boundaries between DeFi and TradFi: An Introduction to the Real World Assets sector
·DeFiDeep Dives

Blurring the Boundaries between DeFi and TradFi: An Introduction to the Real World Assets sector

A Castle Research Report

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