CoinDesk Research
Latest from CoinDesk Research
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Real Shares, Real Scale: Binance's US Equities Launch in Numbers
Binance's US-equities launch already outpaces the tokenized market - and with bStocks live, it now competes on composability too. Real shares and tokens, one platform.
The Incentive Dynamic Engine: A New Era for io.net Tokenomics
io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
RWA Tokenization Hits $28.9B Record as Stablecoin Market Cap Extends Gains to $320B
Tokenized assets hit a record $28.9B in May; their tenth consecutive monthly all-time high. The stablecoin market cap also extended its run to $320B.
The Pre-IPO Perpetuals Category Takes Shape
Binance launched Pre-IPO perpetuals May 21. Within days, it captured >60% category share; cumulative volume now ~$400M, with SPACEX dominating at 79%.
Spot Trading at Lowest Since November 2023 as Volumes Fall for Fourth Straight Month
Spot volumes fell 14.0% to $1.05T in April, the lowest since November 2023. Total exchange volume declined 11.7% to $4.61T, a fourth straight monthly drop.
Risk-On Returns: Binance Leads the Flows Pickup
Majors are up 8.2% MTD and Binance is capturing 78% of CEX inflows. Stablecoin deposits are building dry powder while BTC outflows point to accumulation. This regime is currently trader-led.
Owning All Three: Jito’s Stack Play - JTX and the Third Layer
Jito owns Solana's MEV stack; JTX adds a trading frontend capturing DEX fees and internalising MEV. Hedges bear, layers upside in bull - if unlocks clear.
Bitstamp by Robinhood Tops CoinDesk's May 2026 Exchange Benchmark
With the AA grading threshold raised to 85 and six exchanges meeting the new standard, CoinDesk's May 2026 Exchange Benchmark reflects a higher bar for institutional-grade compliance across the global digital asset exchange sector.
Stablecoin Market Cap Hits All-Time High of $321B as USDT Records New All-time High
The stablecoin sector hit a record $321B in April. USDT reclaimed momentum with new all-time highs at $190B while USDe dropped 36% amid Aave looping unwinds.
