CoinDesk Research
Latest from CoinDesk Research
Spot Volumes Climb 27.3% to $1.13T as RWA Perps Post First Decline Since April
Spot volumes rose 27.3% to $1.13T in September, outpacing derivatives, as RWA perps fell 19.8% to $413B and derivatives’ share of CEX volume slipped to 77.6%.
Digital Assets: Quarterly Review and Outlook Q3
The CoinDesk 20 rose 52.7% to 2,447 in Q3 as bitcoin gained 42.7%, BTC spot ETFs took in $6.36B and on-chain tokenized equity trading volume reached $44.9B.
Measuring Liquidity in Tokenized Equity Markets: Depth, Volume & Open Interest
How to measure liquidity in tokenized-equity perps: why displayed depth misleads, and what volume and open interest reveal about where capital actually sits.
Robinhood Leads Tokenized Equities in September as Volumes Hit $15.6B Record
Stablecoin supply rose 1.29% to $313B and CEX stablecoin-pair volumes topped $1T, the first month above it since March, as Robinhood hit a 42.0% venue share.
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%.
