In Deep Water
Sealaunch IntelligencePublic onchain research across onchain credit, yields, RWAs, and stablecoins by Sealaunch Intelligence.
| Platform |  | Pricing | Only free issues | Publishes | Infrequently |
|---|---|---|---|---|---|
| Issues | 15 | Founded | 4 years ago | Last Issue | 16 days ago |
| Active | |||||
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$33B in Tokenized Real-World Assets. Where we are and where we are going.
Tokenized RWAs (excluding stablecoins) just crossed $33.7B onchain. Two years ago, that number was $2.6B. That’s a 13x increase in ~25 months and the composition of what’s being tokenized has material.
The Growth: $2.6B to $33.7B
In Ap...
Is Polymarket a Retail Product or a Pro Trading Venue?
Most coverage of Polymarket stops at the headline metrics (volume milestones, user growth, trade counts, open interest) without asking who is actually behind those numbers. We wanted to go deeper. We categorised every active wallet across t...
The Yield Your Stablecoins Aren't Earning
Stablecoins are a $300 billion economy as of March 2026. Most of that capital is earning nothing.
Gauntlet published data in August 2025 showing that only $6.78 billion USDC was deployed in DeFi across Ethereum, Arbitrum, Base, and Solana....
How to Use Onchain Revenue to Identify Crypto Trends
Not long ago, the honest answer to “how do crypto protocols make money?” was: they mostly don’t. Revenue was an afterthought. Growth was measured in TVL and token price. The business model was the token.
That’s changed. Stablecoin issuers...
Money Never Sleeps: Where Crypto’s Revenue Comes From
Introduction
If you’ve been watching crypto headlines lately, you’ve seen how stablecoin issuers are making waves. Circle’s IPO buzz and Tether’s eye-watering profits (arguably the highest profit per employee ratio worldwilde) have broug...
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Public notes from Sealaunch Intelligence, a firm covering onchain capital markets across onchain credit, yields, RWAs, and stablecoins for protocols and institutions.
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