Brilliant idea, bad founder? It fails.
Bad idea, brilliant founder? It flies.

Andrei Grachev discusses founder quality on Cointelegraph's #CHAINREACTION with Robert Baggs👆

Two paths are emerging for bringing real-world assets onchain, and understanding who each path serves is crucial.

DWF Ventures explores RWA tokenization vs perpification 🔍

Tokenization upgrades capital markets infrastructure: settlement, ownership, programmability. But it has a heavy institutional focus.

Perpification involves the utilization of a perpetual swap or futures-first approach to onboard traditional and non-crypto-native assets onto the blockchain.

Read more here.

Knowing how to take off but not how to land doesn't make you a pilot.

Same applies to investing. Andrei Grachev explains with Cointelegraph's Robert Baggs 👆

The market boils down to only a few real problems, and builders who solve them are the ones who acquire users, retain them, and survive.

Andrei Grachev shares in The Rollup 👆

1 product update, 100+ new markets, and $130B in volume.

DWF Ventures breaks down how Hyperliquid's HIP-3 became a key inflection point for RWA perps 👇

Since launching permissionless perp deployment in October 2025, HIP-3 markets have attracted 2.2M+ unique traders and $1.7B in open interest.

RWA-related pairs are driving over 90% of that activity.

Read more here.

Image source: Artemis

South Korea's prepaid card and digital wallet market is projected to hit $39.66B by 2030.

Without a KRW stablecoin, it would mean:

❌ Less visibility for regulators on capital flowing to USDT, USDC, and overall crypto activity
❌ Missed revenue from reserve-backed yield
❌ Continued USD dependency in cross-border settlements

The case for a KRW stablecoin is clear, but the framework isn't yet.

More from DWF Ventures here.

Integration, compliance, and frameworks are next for tokenized RWAs.

Hear more from Andrei Grachev, Managing Partner 👆

The state of AI agents in DeFi right now:

👉 19% of all onchain activity is automated or agentic
👉 76% of stablecoin transfer volume is generated by bots
👉 17,000+ agents launched since 2025
👉 $39M+ TVL held by agents directly

There is significant room for agentic activity to grow in DeFi but trust, execution, and infrastructure are still the bottlenecks.

DWF Ventures explores where this goes next in their article here.

If you are building, the DWF Ventures team is always looking to back exceptional projects. Reach out here.

Institutional capital is increasingly moving into production-grade onchain infrastructure, and the data from the past two weeks reflects that shift in concrete terms.

1️⃣ Legal & General Asset Management put $68B in funds onchain via the Calastone token network, the kind of move that marks the difference between institutions studying tokenization and institutions committing to it.

2️⃣ Stablecoin supply on Ethereum reached a record $180B, with Ethereum now holding roughly 60% of the global stablecoin market.

3️⃣ New users on Ethereum jumped 82% quarter-over-quarter, with transaction volumes hitting record highs.

4️⃣ Strategy added another 13,927 BTC, bringing total holdings past 780,000.

Meanwhile, DEXs are on pace to capture more than 25% of combined spot trading volume by year-end, and crypto-backed loans are increasing as institutional participants increasingly use DeFi protocols for capital deployment.

Our latest edition of Eyes on the Market breaks down what's happening. Read more here.

Agentic activity now covers an estimated 19% of all onchain activity.

However, most AI agents in DeFi today sit at the analyst or copilot level - meaning humans are still in the loop for execution and approval.

There are 4 levels of agent autonomy. Each level comes with its own limitation, from information overload at the analyst stage to alignment drift at full autonomy.

DWF Ventures deep dives on where agents are today.

3 defining aspects for a project's success.

Andrei Grachev explains with Cointelegraph and Robert Baggs👆

15 years ago today, Satoshi sent his final message and walked away.

"I've moved on to other things. It's in good hands."

It was.

Tokenized RWAs: ~$30B onchain with 40+ institutions actively issuing.

Tokenized U.S. Treasuries: $13.4B → up from $380M in Q1 2023.

Private credit: $14B → now the largest non-stablecoin RWA segment.

This is infrastructure, not speculation.

Source: BitcoinNews, RWA.xyz

5x outperformance by humans. In a head-to-head competition hosted by Trade.xyz, the top human outperformed the top AI agent.

More data comes from an intra-agent leaderboard from @the_nof1. Across 32 models, most agents lost money.

The ones that performed best generally shared three traits: longer hold times, lower leverage, and a prompt strategy focused on risk management over external inputs.

The leaderboard results show that agents tend to perform better within well-defined constraints, which means the human role is still needed for goal configuration.

DWF Ventures explores more here.

Products shouldn't revolve solely around a token.

Andrei Grachev explains what matters more with The Rollup 👆

Save the date! We're hosting "Onchain Assets and the Next Wave of Killer Apps?" live on our social media 🔥

Speakers:
👉 Andrei Grachev, Managing Partner, DWF Labs
👉 Artem Tolkachev, Chief RWA Officer, Falcon Finance
👉 Liam Karwan, Head of RWA & Stablecoins, Chainlink

Host:
👉 Diksha Sharma, VP of Marketing, DWF Labs

Tune in here at 2PM UTC on 30 April 2026.

The infrastructure layer of crypto is developing something it has historically lacked: the ability to absorb shocks collectively rather than individually.

That's the takeaway from the past two weeks: KelpDAO's bridge was exploited for $292M on April 18, by compromising off-chain infrastructure that a single node verifier setup left exposed. DeFi TVL dropped $13B in 48 hours.

Within 10 days, DefiUnited was formed to cover the hole. That capability didn't exist a year ago.

At the same time:
→ Tokenized RWAs crossed $30B
→ Goldman Sachs filed for a Bitcoin Premium Income ETF
→ Strategy added over 37,000 BTC in two weeks

The response to crisis showed that the cost of failure is now high enough that the ecosystem is willing to organize around preventing it.

Full analysis: https://www.dwf-labs.com/research/eyes-on-the-market-when-the-infrastructure-gets-tested

Happening in 1 hour! Tune in here.

Tune in here: https://x.com/i/broadcasts/1PKqrEZbavEGb

Billions flow into prediction markets, but most of it is not capital-efficient.

Capital is unable to be borrowed against, leveraged, or deployed elsewhere. Jump risk, pricing difficulty, and regulatory uncertainty have led to slower adoption.

But the structural barriers are dropping, and DWF Ventures explores what's shifting and why it matters.

If you are building, reach out to the DWF Ventures team here.