Today, this line has stayed green across the board for 24 hours, while the broader market is moving in the opposite direction.

On the lending sub-line, it hit +2.41% in a single day, and +2.58% over 7 days—ranking #1 on both lists. Off-exchange capital is gradually moving into this line.

On-chain staking is also gaining momentum in parallel. $Lido is up +1.58% for the day and +1.58% over $SSV 7 days. The two major staking leaders each continued their 7-day uptrend, and capital is clearly shifting toward the yield/earnings side.

Traditional brokerages’ on-chain exposure is up +1.63% for the day, continuing to play the role of attracting cross-market inflows. Compliance-backed capital entering the market is the most reliable sub-line this week.

On the other side of outflows, over the 7-day horizon $Bybit is down 3.04%, with on-chain wallets at leading exchanges slowly being drained. Wrapped Bitcoin over 7 days has given back 1.29%, and compared with BTC’s sideways move of 0.31% in the same period, it looks a bit weaker.

Today the total market cap fell by 0.82%, but this line is generally green on a 1-day basis. Funds haven’t left—they’ve just moved to a different place to avoid the wind.

#DeFi质押 #借贷升温 #DeFi