The report factors to an explosion in yield-bearing stablecoins, up roughly 300% year-over-year, and brisk development in liquid staking for Ethereum and Solana.
Solely 8% to 11% of crypto belongings are presently yield-generating, versus 55% to 65% in conventional finance, making a 5x to 6x hole that’s narrowing as yield-bearing stablecoins, blue-chip staking merchandise, and real-world belongings transfer on-chain at velocity, in accordance with a brand new report from modular blockchain oracle community RedStone. The analysis was co-authored by RedStone Oracles, Gauntlet, Stablewatch and the Tokenized Asset Coalition.
The report factors to an explosion in yield-bearing stablecoins, up roughly 300% year-over-year, and brisk development in liquid staking for Ethereum and Solana. It additionally flags rising Bitcoin yield primitives as one other catalyst for buyers searching for returns on inactive money.
At this time’s stablecoin market exceeds $290B, led by Tether’s USDT and Circle’s USDC. However a brand new class of yield-bearing stablecoins is rising that generates ongoing returns moderately than sitting idle, serving as productive capital in on-chain finance.
RedStone’s information reveals that liquid staking tokens on Ethereum have added $34B in notional worth since early 2023. Equally, complete worth locked in liquid restaking protocols like Eigenlayer has skyrocketed, rising from round $1B in early 2024 to over $22B as of Nov. 12.
Solana’s liquid staked provide has roughly doubled over the previous 12 months, and early Bitcoin yield designs are starting to floor as establishments search hurdle-rate returns with out leaving their custody frameworks. That demand is more and more institutional and infrastructure-led in accordance with the report, which cites information from RWA.xyz.
RWAs have expanded from low single digits in 2022 to over $36B by November 2025, aided by programmable settlement, round the clock liquidity, and composability throughout lending and charge markets. Variations in methodology have created discrepancies in complete RWA figures, with The Block’s information dashboard exhibiting practically $15B in RWA TVL by protocol whereas DefiLlama reviews about $19B.
Analysts tout the U.S. GENIUS Act as the trade’s greatest regulatory unlock since Bitcoin’s white paper, arguing the regulation is catalyzing a migration of cash-like devices and fixed-income yields onto blockchain rails. The framework’s introduction signifies that coverage momentum is catching up, and regulatory readability now seems to be a swing issue, in accordance with RedStone analysts.
Macro consultancies and banks have floated multi-trillion-dollar tokenization forecasts this decade. Deloitte initiatives that tokenized markets might attain over $4T by 2035, whereas Ripple sees a $19T RWA ecosystem across the similar time. RedStone analysts count on that yield-bearing stablecoins might seize a good portion of this enlargement as establishments flock to DeFi.
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