CoinDesk Research
Latest from CoinDesk Research
The RWA Yield Infrastructure Trade
RWA tokenization is growing. Direct token exposure doesn't capture it. The infra play is Morpho and Fluid - both with caveats.
Pudgy Penguins: Challenging the Pokemon and Disney Legacy in the Global IP Race
CoinDesk Research looks into how Pudgy Penguins disrupts traditional toys market via a phygital model. With 2M+ units sold, they scale via global partnerships and events.
Stablecoin Market Dominance Surges As Digital Assets Trend Lower
Stablecoin market dominance surged to 13.3% in February, driven by the decline in price action of digital assets.
Digital Assets 2026: Above the Noise
Crypto enters 2026 with muted sentiment and a sharp drawdown in Bitcoin, but the industry’s underlying fundamentals are materially stronger than the 2021 cycle — with stablecoins above $300B, higher sustained on-chain volumes, and growing evidence that blockchain rails are expanding into payments, tokenized assets, and multi-asset trading.
Productive Stablecoins: Closing the $300B Efficiency Gap
$305B in "lazy" stablecoins enrich issuers while users hold the risk. New models like "Yield-as-a-Service" aim to return that value to holders.
Trading Activity On CEXs Record First Increase in Three Months
Total trading volume rose to $5.95T as market volatility picked up at the start of 2026. Spot and derivatives volumes both recorded their first monthly increase in three months.
Digital Assets ETP Landscape: Past, Present and Future
Digital asset ETPs have entered a new phase of institutional adoption, surpassing $250B at their peak as regulatory clarity accelerates product expansion and index-based innovation.
Market Cap of Tokenized Assets Hit $24.6B in January, a New All-Time High
The market cap of tokenized assets rose to $24.6 billion in January, reaching a new record as demand for tokenized treasuries and commodities accelerated.
CoinDesk Research: U.S. leads institutional crypto, Asia rules trading ahead of Consensus Miami
Asia’s dominance is visible across every major dataset in this report, but the U.S. is assembling the institutional engine for the next surge of global adoption, while Latin America is already proving how utility-driven demand can scale in the real economy.
