Phoenix77

Prediction markets just hit a new ATH.
June notional volume reached $52.8B, almost 92% higher than the previous 5-month average of $27.5B.
Q2 volume also climbed to $113.8B, up 48.7% QoQ.
But there is one important detail:
- 81% of @Polymarket’s June volume came from sports
- @Kalshi expanded its Q2 market share to 58.9%
- Polymarket fell from 35.8% to 30.2%
- @RotheraMarkets reached $2.1B only one month after launch
The World Cup is now over.
The next few months will show whether prediction markets can sustain this growth, or whether June was mostly an event-driven spike
Data @coingecko

RWA market share is starting to look less like a winner-takes-all game.
The market has reached $43.7B across 118 issuers, but leadership is still highly fragmented:
@SkyEcosystem 10.6%
@Securitize 10.0%
@Ondo 8.0%
@circle 6.8%
@tether 5.9%
@FTI_US 5.6%
@justokenglobal 5.1%
@tradable_xyz 5.0%
@Paxos 4.2%
@maplefinance 3.8%
Others: 35%
What stands out to me is that no issuer controls even 11% of the market yet.
The RWA race still feels wide open, and distribution, product utility, and DeFi integrations may matter more than simply being early.
Data @tokenterminal

RWA market share is starting to look less like a winner-takes-all game.
The market has reached $43.7B across 118 issuers, but leadership is still highly fragmented:
@SkyEcosystem 10.6%
@Securitize 10.0%
@Ondo 8.0%
@circle 6.8%
@tether 5.9%
@FTI_US 5.6%
@justokenglobal 5.1%
@tradable_xyz 5.0%
@Paxos 4.2%
@maplefinance 3.8%
Others: 35%
What stands out to me is that no issuer controls even 11% of the market yet.
The RWA race still feels wide open, and distribution, product utility, and DeFi integrations may matter more than simply being early.

Tokenized stocks are still tiny.
The onchain RWA market is worth $363B, yet stocks account for only $1.47B
Projects like @OndoFinance, @xStocksFi, @DinariGlobal, and @Securitize are bringing equities onchain, while @RobinhoodApp Chain, @Lighter_xyz, and Hyperliquid HIP-3 are expanding how they can be traded.
Real unlock will come when stocks become collateral for loans, leverage, hedging, and carry trades.
Stocks are moving from assets we simply hold to programmable capital.
Source @lifiprotocol

> @HyperliquidX casually crossed $1.2B in all-time revenue.
Perps did most of the heavy lifting with $1.09B.
HIP-3 also showed up with $19M+, which is pretty wild for the "side quest".
And now HyperEVM stablecoins are apparently cooking a potential $162M per year.
Bro started as a perp DEX and somehow ended up building an entire money machine.
source: @hl_eco

➠ Robinhood Chain Protocol TVL has grown ~5.8x in around 10 days.
From roughly $50M at the end of June to $289.31M by Jul 10/11.
Current ecosystem overview:
- $453.42M Total Asset Market Cap
- $300.42M Stablecoin Market Cap
- $289.31M Protocol TVL
- $12.81M Total Tokenized Value
The TVL growth is coming from a broader DeFi stack across @Morpho, @Ethena, @sparkdotfi, @Uniswap, @maplefinance, Robinhood Stock Tokens, @PancakeSwap, @arcus_xyz, @meridiandotxyz and @Lighter_xyz
The chain TVL breakdown also shows where liquidity is going.
Lending and asset management are taking the largest share, whi

After looking into @flintrwa Vault’s structure, what stands out to me is how traceable the capital flow is.
APY gets attention first, but with RWA, I think the stronger signal is whether users can understand the full path behind the yield:
> where capital is deployed
> who receives the financing
> how repayment flows back into the vault
In this case, users deposit USDC and receive vault shares.
The vault then deploys capital into tokenized real-estate bonds connected to selected @lendxyz property operations, bridging DeFi liquidity with real-world property financing.
That capital is used by th

The first thing I care about before allocating to any RWA project is simple
Can I understand where the money flows, how the borrower uses it, and where the yield comes from?
@flintrwa x @lendxyz build clear for stablecoin users: on-chain capital is aggregated into USDC, then routed to European real-estate operations through a compliant partner.
On the borrower side, the capital supports activities such as purchasing undervalued properties, renovation, leasing, resale, and repayment flows
Flint offers a fixed 10% stablecoin yield, distributed weekly, with withdrawals processed within up to 7 da

Half of 2026 has already passed, and the dominance of stablecoin and real yield narratives in on-chain revenue has become crystal clear.
Among all projects, the one showing the strongest growth is @SkyMoney, securing a solid #5 position in the Top 10 projects by revenue.
Sky generated $208.9 million in revenue over the past 180 days, averaging approximately $1.16 million per day.
It trails only the three stablecoin giants @tether, @trondao, and @circle along with @HyperliquidX (perpetuals), yet outperforms speculative protocols such as @pumpdotfun, @ethena, and @PancakeSwap by a wide margin.