ইনস্টিচিউশনাল ডিফি গ্রীষ্ম

ইনস্টিচিউশনাল DeFi-এর ग्रीष्म आসছে—আসছেই

আমি সুস্পষ্টভাবে বলব: This ‘DeFi Summer’ meme coins-দূষণময় NFTs-দূষণময় ‘vaporware’ projects–দূষণময়। No—আমরা कोनও बहुত अধिकগুণমানওহ্‍তা: Regulatory clarity & real-world adoption –পথচলা।

USA Securities and Exchange Commission (SEC) January 2025 -এ SAB 121 -কথা हला, institutionগুলি केत্‍খ্‍খ্‍খ্‍খ্‍খ্‍খ্‍ख्‍ख्‍ख্‍ख্‍খ्‍ख्‍খ্‌कैर मধ्ये सহজ।

তারপর May: Senate GENIUS Act –উচ্চতম Support -অফ! Cash/Short-Treasury-backed stablecoins –national standards with KYC/AML baked in.

This isn’t incremental change—it’s foundational infrastructure being laid for chain-based finance at scale.

Maple Finance & Spark: The New Wall Street Playbook

Wall Street took notice fast. Cantor Fitzgerald just completed its first on-chain Bitcoin loan via Maple Finance, earning 4–6% APY while locking BTC securely in smart contracts. Meanwhile, MakerDAO’s Endgame initiative has launched Spark as its flagship protocol — not just another yield engine but a full-fledged institutional-grade credit system. Spark now boasts over \(59B TVL and has deployed \)50M into Maple to create high-yield USD-denominated loans with yields of 10–17%. It’s no longer about over-collateralization; it’s about trustless credit scoring via zk-proofs and FICO-like models from 3Jane. Yes, I know what you’re thinking: ‘Another layer of complexity?’ Frankly? Yes — but welcome complexity. We’re moving from crypto fantasies to financial reality.

Beyond AMMs: High-Dimensional Trading is Live

Traditional AMMs like Uniswap V3 are showing their age under heavy institutional load — slippage spikes during large trades are no longer acceptable for fund managers weighing millions. Enter Orbital AMM (Paradigm’s brainchild): a multi-asset trading model based on high-dimensional spherical geometry that reduces slippage dramatically across stablecoins, LSDs, and even RWA tokens like ONDO. It’s not just theoretical either — Solana project Perena uses multiple pools which remain inferior in capital efficiency compared to Orbital’s unified approach. For institutions? This is non-negotiable infrastructure. Chain-native finance demands chain-native tools that don’t break under pressure.

The Real Winners: Platforms That Understand Depth Over Hype

deploying new protocols quickly doesn’t mean you understand them deeply — especially when market cycles turn brutal (looking at you, LUNA crisis). But HTX has consistently stood out for two reasons:

• Early spotting: They listed Spark before most major exchanges,
• Research rigor: Their internal HTX Research team produces reports that actually cite data points rather than speculative narratives. Their recent analysis of Sybil-resistant credit mechanisms using zero-knowledge proofs demonstrates an understanding beyond headlines. They aren’t chasing trends; they’re mapping futures. And yes — they’re seeing where capital will flow next: The convergence of regulated stablecoins (GENIUS Act), advanced credit frameworks (Maple + Spark), modular AMMs (Orbital), and RWA-backed yield products = a new financial operating system built entirely on-chain. it’s not ‘Web3’ anymore—it’s the new default.