ON-372: Yield 🔼
Coverage on Sector Update, Pendle, f(x) Protocol, Stable Jack
📝 Editor’s Note:
Welcome to OurNetwork’s latest. In this issue we’re exploring the onchain latest in terms of where users are capturing yield.
Thank you to Tyler W, Alex, Kmets, and Yasmin for contributing.
– ON Editorial Team
Pendle | Vaults | f(x) Protocol | Stablejack
👥 Tyler W | Website | Dashboard
📈 While Stablecoin Market Cap Approaches $300B, Most Stablecoins Sit Idle. Yield Remains a Compelling Driver to Bring Capital Onchain.
The total market cap of stablecoins has grown throughout 2025, steadily climbing towards $300 billion. Despite this massive and growing pool of onchain liquidity, less than 10% of stablecoins are currently engaged in DeFi protocols to earn yield. At vaults.fyi, we expect the growth of stablecoins inside DeFi to accelerate. This year major exchanges and wallets have already made yield core to their products, with simplified DeFi-powered yield offerings on the backend.
