CoinDesk Research

Latest from CoinDesk Research
The Future of Equity Ownership: An Issuer's Guide to Tokenized Equities
Tokenized equities are coming with or without issuers. Issuer-sponsored models make the token the share itself, preserving control and full rights.

GoPlus Security H1 2026: Scaling SafuSkill and Axora as Autonomous Agents Reshape the Threat Model
CoinDesk Research examines how GoPlus Security is building execution security for autonomous AI agents, spanning smart-contract auditing, agent information flows and software supply-chain risk, as Web3 hacks hit a record high in H1 2026.

Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins
Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.

CEX Trading Volumes Rebound to $4.29T as RWA Perps Hit All-Time High
CEX volumes rose 12.7% to $4.29T in August, rebounding from July's multi-year lows, as spot markets outpaced derivatives and RWA perps set a record $602B.

Robinhood Chain: A Distribution Moat the Market Is Already Pricing
Robinhood Chain: TVL up 90% to ~$757M, $1.69B daily DEX volume, ~$20M holder revenue - all from crypto-native flow, with Robinhood's own users still just 1-2%.

Euro Stablecoins Hit All-Time High as Tokenized Equities Reach $4.45B Record
Stablecoin market cap rises to $311B for its first monthly gain in three months; tokenized RWA hits a record $34.7B; euro stablecoins reach an all-time high of $776M.

Tokenized Equities Lead RWA Inflows as bStocks Sets the Pace
Tokenized equities lead RWA inflows as the market recovers; Binance's bStocks hit ~$118.5M in two months, now #2 issuer and ~90% of on-chain equity DEX volume.

CEX Volumes Hit 32-Month Low While DEX Spot Market Share Reaches All-Time High
Combined CEX volumes fell 23.9% to $3.76T in July, the lowest since November 2023, as DEX spot market share climbed to a record 19.5% and RWA perps hit $460B.

Tokenized RWA Hits $32.1B Record as MiCA Era Begins and Stablecoin Market Dips
MiCA's transitional period ended July 1, triggering USDT delistings across EU exchanges, while tokenized equity volumes surged 288% to a record $11.3B.
