CanHav Research

Build credibility for DeFi Projects.
Design, deploy, and verify what's enforced on-chain.

[CanHav Research @canhavresearch]

XRPL validators are voting on native lending: XLS-65 single-asset vaults and XLS-66 loans built into the protocol, not a dapp on top. Activation needs over 80% support held for two weeks. Native credit would give RLUSD and tokenized funds on XRPL something to do.

[CanHav Research @canhavresearch]

99 Mosh agents are now live on Robinhood Chain. Mosh says they manage $25m across dozens of markets and have paid $443k in fees to users. Agent-run market making for launch tokens is a real test: watch whether that liquidity holds when volume fades.

[CanHav Research @canhavresearch]

Nasdaq-listed OpenWorld now has its own shares trading as tokens on Solana, issued by Backpack Securities via Sunrise, with no new shares and 1:1 redemption to a brokerage. The notable part is the issuer opting in. Most tokenized stocks so far are wrapped without it.

[CanHav Research @canhavresearch]

Elliptic says DPRK-linked hackers launched six memecoins on NEAR for ~$90 each and routed 117,000 NEAR (~$430k) of Binance hack funds through them. Cheap throwaway tokens are now a laundering tool, so screening has to follow flows, not just contracts.

[CanHav Research @canhavresearch]

MegaETH's foundation rebranded as Mega and is putting $30m of treasury into its own products, starting with an AI inference market in December. With TVL near $12m, down ~95% from its May peak, the L2 is now building its own demand instead of waiting for apps.

[CanHav Research @canhavresearch]

Anthropic set its IPO range at $70–78 a share for 825m shares, raising up to ~$64.4b at the top, listing on Nasdaq as ANT with trading expected Nov 19 per reports. A public price for a frontier lab resets the comps for every AI infrastructure raise, onchain ones included.

[CanHav Research @canhavresearch]

Meta's Muse can now book Uber courier deliveries in chat: the agent quotes the price, the user approves, Uber handles pickup and tracking. This is the agentic commerce pattern actually shipping: the agent handles intent, a human approves spend, an existing network fulfils.

[CanHav Research @canhavresearch]

Matter Labs launched Prividium Connect on mainnet: institutions can swap assets across private chains, settling atomically via zk proofs or reverting at a deadline, with no trusted intermediary. As banks tokenize on separate private ledgers, interop becomes the bottleneck.

[CanHav Research @canhavresearch]

Helius launched Solana privacy rings on mainnet: encrypted balances and transfer amounts, addresses still visible, users hold their own viewing keys. Custom rings with compliance controls are slated for Q4. Viewing keys are what make onchain privacy usable for institutions.

[CanHav Research @canhavresearch]

Phylax circuit breakers are live on Ethereum via Titan Builder, which Phylax says protects 1 in 2 blocks. Apps set rules and the builder drops violating txs before they settle. Coverage is the catch: protected calls fail if sent through non-participating builders.

[CanHav Research @canhavresearch]

Base lending markets now hold $7.49b supplied and $2.65b borrowed, per Brian Armstrong. That's roughly 35% utilization. Borrowing, not deposits, is the figure that shows real credit demand onchain, so that's the one to track.

[CanHav Research @canhavresearch]

Binance Research puts tokenized equities at a record $4.8b in AUM, up 164% since June, with bStocks at $1.5b. Fast growth from a small base. The better test is how much of it gets redeemed, lent or posted as collateral, not AUM alone.

[CanHav Research @canhavresearch]

61% of Robinhood stock token volume on Uniswap traded while US markets were closed, per Envio's pull of a month of V4 swaps ($888m total). The biggest slice came overnight, 8pm to 4am New York. What users are buying is the hours, not the wrapper.

[CanHav Research @canhavresearch]

Tron added $16.1b in native stablecoin market cap over the past year, now ~$94.2b, the biggest gain of any network per Token Terminal.

That growth tracks cheap dollar transfers, not DeFi depth.

Payments demand and DeFi demand are choosing different chains.

[CanHav Research @canhavresearch]

Deutsche Bank's digital asset custody is now live for institutional and corporate clients in Europe, covering BTC, ETH, USDC, EURC and EURAU. Custody is the entry point.

The bank's stated next steps are tokenisation and settlement, which is where the real shift sits.

[CanHav Research @canhavresearch]

RT @wazarat: Here are some key players in the @RobinhoodCrypto ecosystem.

@canhavresearch has mapped 550 projects and ecosystem particip…

[CanHav Research @canhavresearch]

@RobinhoodCrypto is built for the tokenization of RWAs.

The real test is whether those assets stay composable once they leave the brokerage, or end up as walled-garden wrappers.

[Arbitrum @arbitrum]

Nothing - but Arbitrum

@RobinhoodApp deserved their own chain, and we’re happy to have worked with them to make it happen

[CanHav Research @canhavresearch]

Building with ERC-8004, x402, or experimenting with on-chain AI agents?

Here are some lessons from real experiments this year, including what worked and what you might want to do differently.

https://t.co/pwUuHNIWaS

[CanHav Research @canhavresearch]

Jupiter Lend: Currently, only 3.35 USDC is available to withdraw, despite 418.5M USDC in Earn claims.

[CanHav Research @canhavresearch]

Aave froze new exposure while keeping withdrawals and liquidations live; stablecoin utilization hit 92-100%.

[Aave @aave]

Update following the Binance incident:

All markets are now unfrozen across Aave V3 and V4.

They were frozen as a precaution after initial reports, which paused new deposits and borrows while withdrawals and repayments continued as normal.

Aave contracts were unaffected by the incident and positions remained fully collateralized.