Data-driven research from @CoinDesk. Deep coverage of protocols, exchanges and stablecoins. Award-winning reports, definitive market data, custom research.
- Tweets 2,053
- Following 75
- Followers 21,924
- Likes 299
CEX volumes rose for a second straight month in September as BTC climbed from ~$77K to $83K. DEX spot volume hit $279B, pushing DEX share of spot trading to 19.8%, while DEX futures jumped ~13% to $627B.
7
5
27
20,408
Coinbase passed Bybit to become the third-largest top-tier spot exchange in September, with volume up 41.4% to $63.6B. The top three, Binance, OKX and Coinbase, now hold 53.8% of top-tier spot volume, up from 52.2% in August.
1
196
RESEARCH: Tokenized equities are being created with or without the underlying issuer, as third parties are already spinning up tokenized versions of publicly listed shares in offshore markets, which leaves every issuer a choice: shape how your stock is represented onchain, or let others define it for you.
22
16
82
46,731
RESEARCH: APAC accounts for 51.2% of identified stablecoin payment volume, making it the largest regional hub. As use moves beyond trading, APAC is becoming a proving ground for regulated payments, treasury and settlement where compliance-first stablecoins, including @Ripple’s $RLUSD, gain relevance.
56
56
295
79,137
Crypto exchange activity rebounded in August, with combined spot and derivatives volumes on CEXs rising 12.7% to $4.29T.
Spot volumes climbed 18.7% to $891B, outpacing the 11.3% increase in derivatives volumes to $3.40T.
9
3
24
30,574
RWA perpetuals reached a new monthly record of $602B in August.
@Gate was a standout performer, with volumes surging 158% to $64.7B. Its share of CEX RWA perp volumes more than doubled from 5.32% to 12.6%, making it the third-largest venue.
1
1
5
14,418
Binance strengthened its derivatives lead in August.
Volumes rose 13.1% to $1.59T, lifting market share to 46.9% - the sixth consecutive monthly increase and the highest level since November 2023.
Read the full August Exchange Review, supported by @Gate: coindesk.com/research/exchan…
1
236
@RobinhoodCrypto chain is producing real activity with its main advantage unused. TVL is up ~90% in 30 days to ~$757M, now the 12th-largest chain, while Robinhood's own users are ~1-2% of transactions. The distribution channel is still switched off.
2
4
25
8,378
Underneath the trading, a settlement base is forming: stablecoin supply ~$868M (+15.8% in 7 days), rising lending TVL, ~$197M in RWA market cap. Early primitives are building on it, like @deltaliquidity, offering concentrated-liquidity ladders and fee routing, a Robinhood-Chain analogue to Solana's Meteora.
4
14
88
40,525
Full report from @CoinDesk Research here: coindesk.com/research/robinh…
8
1,270
REPORT: Stablecoins returned to growth in August, with total market cap rising 1.19% to $311B, the first monthly increase in three months. Stablecoin dominance fell from 13.6% to 11.2% as the broader digital asset market rallied faster.
5
3
11
7,029
Tokenization reached another milestone in August, with on-chain RWA market cap rising 4.1% to a record $34.7B. Tokenized stocks and equities climbed 11.3% to $4.45B, but DEX volumes are on track for their first monthly decline in four months, at ~$10.6B.
1
1
1
125
August reinforced the shift toward on-chain financial markets: stablecoin growth resumed, euro-denominated issuance reached new highs and tokenized assets continued to expand across multiple asset classes.
Read the full Stablecoins & Tokenized Assets Report here: coindesk.com/research/stable…
1
1
111
Crypto-collateralized lending fell $11.3B in Q2 2026 (per @glxyresearch), and while @maplefinance proved resilient with TVL down just 2.5% over the same period, while its token (SYRUP) has dropped 55% YTD - reflecting broader market headwinds
1
641
July's Exchange Review is out, supported by @Gate. CEX volumes fell 23.9% to $3.76T, the lowest since Nov 2023. Spot dropped 31.2% to $727B; derivatives share hit 80.6%. 🧵👇
8
3
24
56,986
Binance derivatives market share rose for the fifth consecutive month to 45.8%, highest since June 2024. It leads RWA perps at 75.6%, followed by OKX (14.8%) and Gate (4.39%).
1
217