defi

Smart Account Infrastructure Safe indicates that approximately 12.4 billion dollars of assets in its smart account system are deployed within DeFi protocols, with this figure representing the net value after deducting 2.37 billion dollars in loans. Safe is developed from the Gnosis Safe multi-signature wallet, and its accounts are widely used for DAO treasuries and protocol fund management.The third-quarter report released by Safe shows that the total asset scale carried by its smart accounts is 57.64 billion dollars, but the report does not separately list the portion deployed in DeFi. The disclosed figure of 12.4 billion dollars provides the distribution of assets in DeFi for that quarter.

According to official news from Bitget, the Bitget ecosystem tokenized U.S. stock protocol Reality has reached a strategic cooperation with the DeFi reward infrastructure Merkl. Both parties will use Merkl's reward forwarding function to identify the actual holders of rToken deployed in supported DeFi protocols. Users can still receive dividends in stablecoin form according to the rules, even if they use rToken for lending, liquidity pools, or staking in DeFi scenarios.Pablo Veyrat, CEO and co-founder of Merkl, stated that one major challenge facing DeFi assets is how to identify the actual holders behind each position. Merkl's reward forwarding technology can penetrate multiple layers of nested smart contracts to identify the underlying asset holding relationships, ensuring that dividends are accurately distributed to eligible holders.Gracy Chen, CEO of Bitget, stated that the value of tokenized stocks should not be limited to trading. Even if users invest rToken into DeFi applications, they should still be able to continue receiving eligible dividends. This cooperation with Merkl will jointly solve this problem, allowing tokenized stocks to play a greater role in everyday financial applications.According to a report from DeFiLlama, the cumulative trading volume of rToken reached $1.16 billion from June to July 2026; in July 2026, the number of users trading both crypto assets and rToken increased by 23.54% month-over-month. This cooperation will further promote the extension of rToken from trading scenarios to the DeFi ecosystem, enriching the on-chain application scenarios of tokenized stocks.

The cryptocurrency tax framework passed by the Greek Parliament establishes a 12-month historical cryptocurrency income declaration window for investors. Eligible individuals can avoid penalties and interest for late declarations, and taxes must be paid within 60 days after declaration.Investors with annual cryptocurrency losses exceeding 500 euros can carry forward the losses for 5 years to offset future cryptocurrency gains. The framework imposes a 10% tax on individual cryptocurrency capital gains, while staking, cryptocurrency lending, and DeFi liquidity earnings are taxed at 15% as interest income.

On November 6, the decentralized over-collateralized stablecoin USDD recently released its monthly transparency report for October 2026. The report shows that as of October 31, the circulation of USDD was approximately 1.5 billion, with reserve assets reaching 2.21 billion USD and a collateralization rate maintained at 146.99%.In October, the average daily minting volume of USDD increased by 10.5% month-on-month. During the period from October 12 to 19, the market capitalization of USDD grew by 180.3 million USD, leading the stablecoin market. On October 12, the circulation of USDD once exceeded 1.81 billion USD, and the Total Value Locked (TVL) surpassed 2.51 billion USD, both setting historical highs.In terms of revenue and ecological development, the investment return of USDD Smart Allocator in October increased by 8.5% month-on-month, with the average daily capital deployment scale growing by 15%. By the end of the month, the cumulative revenue reached 33.59 million USD. Meanwhile, the TVL of USDD Earn on the BNB Chain increased by 62.9% month-on-month. USDD continues to deepen cooperation with platforms such as Binance Wallet, Gate DEX, Morpho, and Pendle, further expanding DeFi revenue scenarios.In addition, the treasury data disclosed by USDD for the third quarter of 2026 shows that the treasury surplus increased by 27.1% month-on-month, and the treasury balance exceeded 30 million USD for the first time. USDD stated that it will continue to promote ecological construction around the two core scenarios of earning and transferring, and will continuously enhance asset transparency through public reserve addresses and on-chain data dashboards.

According to Carlos's monitoring, its old hot wallet was emptied early this morning, suspected to be a large-scale attack initiated by "noble.base.eth," and is believed to be related to the Railway vulnerability. Carlos stated that the transfers were signed by its own wallet, and the incident falls under the category of theft due to mnemonic phrase or private key leakage.Within about 70 minutes, 96 wallets were emptied, and all victim wallets exhibited the same pattern. Carlos advised users holding hot wallets to rotate them immediately. The attacker prioritized using Relay as the withdrawal channel, and Relay subsequently stated that it had banned the related wallets.

DeFi risk management organization Gauntlet has closed the supply queue of its V1 vault, suspended asset allocation, and reduced exposure to LayerZero cross-chain bridge assets following the report of an op-reth vulnerability on certain OP Stack chains. Gauntlet stated that, to its knowledge, there have been no reports of the vulnerability being exploited.The report indicated that clearing the supply queue will prevent new deposits into the vault, but this measure will not close the withdrawal function or the underlying lending market; withdrawals will still depend on the liquidity available in the underlying market. Gauntlet stated that the relevant measures will remain in place until the issue is resolved, but did not provide a specific recovery timeline.Gauntlet is a risk curator for DeFi lending protocols, providing risk management services for vaults on protocols like Morpho, responsible for setting collateral parameters, supply caps, and asset allocation strategies. This adjustment involves its V1 vault operating on the relevant chains.

According to CoinDesk, Kraken's parent company Payward and its asset management clients have purchased an undisclosed number of AAVE tokens through the secondary market, further expanding their presence in the decentralized finance (DeFi) and asset management sectors.This purchase was completed through Payward's affiliated investment fund Digital Asset Special Investments I, LP, and its asset management clients. Payward indicated that it may continue to increase its holdings of AAVE in the future.Payward and Aave are also exploring future collaboration opportunities. Sources say that Payward chose to buy tokens from the secondary market rather than directly from Aave, reflecting the synergy of interests between the two parties and paving the way for subsequent cooperation.CoinDesk previously reported in June that the two parties had discussed a transaction involving 250,000 AAVE tokens and a 15% equity stake in Aave Group, with a valuation of $385 million at that time, but this announcement did not mention the equity transaction.

According to official news from Bitget, the platform announced the launch of the Open Custody Network (OCN). With the core concept of "Assets in Bank, Tradings on Bitget," it aims to connect banks, custody companies, and other professional financial institutions with Bitget's trading infrastructure. This network integrates core capabilities such as independent asset custody, bank and institutional-level security guarantees, integrated trading services from exchanges, and capital efficiency, breaking the traditional model of centralized exchanges that concentrate asset custody and trading on the same platform.OCN utilizes an asset mapping mechanism to open up the channels between independent asset custody and trading services, allowing all eligible users to participate in Bitget's spot, leveraged, and contract trading while retaining independent custody rights over their assets. This provides access to exchange-level liquidity and integrated trading services, further lowering the barriers to trading participation and enabling more users to access financial services in a more equitable manner.Bitget CEO Gracy Chen stated that OCN aims to break the traditional model where users must custody their assets with an exchange to use its trading services, allowing users to enjoy high-quality liquidity and efficient capital utilization while independently choosing their asset custody methods, making financial services more open and inclusive.

According to The Defiant, the daily trading volume of the decentralized yield trading protocol Pendle has risen to $221.5 million, setting a new 30-day high.Data shows that nearly all trading that day was concentrated on the Ethereum network, with Pendle's locked value maintaining around $1.03 billion in the latest snapshot of the day.

The Cosmos ecosystem decentralized exchange Osmosis has burned 55.5 million OSMO from the community pool. After the burn, the community pool still retains approximately 63.78 million OSMO.At the same time, the new token issuance of Osmosis will no longer replenish reserves to the community pool, and the size of the community pool will no longer grow with the issuance.

According to monitoring by Arkham, the Mercado Bitcoin hacker is swapping PENDLE for ETH through CowSwap and 1inch. In the past hour, this address has transferred over 760,000 PENDLE, worth approximately 1.3 million USD.As of now, the CowSwap and 1inch platforms have seemingly not taken effective measures to stop the related hacking activities, raising concerns in the community about DeFi protocols being used to handle and transfer stolen funds.

Bitcoin Treasuries posted on platform X that DeFi Development Corp increased its holdings by 5,336 Solana, currently holding a total of 2.6 million SOL.CEO Joseph Onorati stated that tokenization will become an important driving force for the long-term development of SOL, and the company is continuously increasing its holdings based on this.

According to the compilation of the "2026 Crypto Dead Projects List", the number of dead projects this year has reached 368, an increase of 244 from the number disclosed on August 14. Among them, 85 projects actively announced their cessation of operations, accounting for 23.1%; the remaining 283 were identified by RootData based on operational status monitoring and review, accounting for 76.9%.The list includes on-chain projects such as Blast, Abstract, Balancer, Goldfinch, Zapper, Proof of Play, Linera, as well as trading platforms like CoinEx and BitMEX. Among these, 37 projects raised over $10 million, and 94 projects raised over $1 million. In terms of sector labels, DeFi projects are the most numerous, with a total of 110, accounting for 29.9%; infrastructure projects number 64, accounting for 17.4%, with 13 projects each in Layer1 and Layer2. The AI label involves 27 projects. The list covers multiple fields including trading and lending, underlying networks, gaming, and AI.It is reported that RootData regularly monitors the operational status of over 21,000 projects in its database. In addition to determining based on announcements and news, they also conduct further manual reviews of projects that have not updated their official websites and social media for over six months. For more details, see the article "Statistical Logic and Thoughts on RootData's Dead Projects List".

The Sun Wukong ecosystem will hold a deep roundtable discussion themed "As Web3 Enters the Revenue-Driven Era: Is the Value Logic of DeFi Changing from the JST Buyback Mechanism Upgrade to Continuous SUN Destruction?" on November 3rd at 8 PM at X Space.This event will focus on recent key developments such as the JUST upgrade of the JST buyback and destruction mechanism and the latest centralized destruction of SUN, exploring how the market's attention to token value is shifting from supply and demand relationships to the connections between real business performance, revenue sources, and token economic mechanisms. Invited industry KOLs will jointly analyze the insights these developments provide for establishing a sustainable token economic model, exploring the value logic of DeFi under a revenue-driven model, and how real business and token economics jointly influence the long-term development of the ecosystem.