Forge Protocol

What we are cooking behind scenes.

Day 27 on mainnet. Rate: 1.0655 TVL: 8.47 SOL Wallets: 29 Founding Forger slots: 29 / 50 Since yesterday: +0.05% on the rate. Verify: forgeprotocol.app

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solana settles around $3B a day in volume blocks confirm in 400ms, spreads close in microseconds, and a whole professional class of bots earns its living off that velocity if you hold SOL passively, none of that flow reaches you here is where @_forgeprotocol appears

@FabiusDefi ✋ soon on Forge.

In crypto, a true “risk-free rate” never really existed before. Investors only had two choices: chase high yields with high risk or let capital sit idle in stablecoins at 0%. But everything has changed with the rise of onchain #RWA yield. I find capital allocation is shifting rapidly toward these tokenized Real World Assets right now. Recent DeFi hacks have been the catalyst. Many ppl (including me) now realize traditional DeFi is only suited for speculative capital, not for safely preserving and growing wealth long-term 🧵👇

@SolanaSensei @solana @toly @Blockworks @SolanaFndn @xStocksFi @OndoFinance @Tessera_PE We are building the infrastracture so holding these stocks has on chain yield.

Solana continues to dominate all chains combined in tokenized stock trading volume for the 50th consecutive week. May 18th numbers: Solana: $38,794,643 All Other Chains: $1,795,485 Total: $40,590,128 Solana share: ~95.6%

@RWAFoundation_ @solana Build on Solana.

The @solana RWA Ecosystem recently hit an all time high of $2.8 billion. We have mapped out the Solana RWA ecosystem below ⬇️

@stacy_muur Tokenization is real, the yield infrastracture for this tokens is the next step.

The tokenized asset market just crossed $343B. And it's not just stablecoins. Stocks, bonds, credit funds, and treasuries are all part of the flow now. Here's where the market stands: 1/ RWA onchain (treasuries, stocks, commodities) currently sits at $38.2B. It's grown over 1,000,000% from where it started, and most of the growth happened in the last 2 years. 2/ More than 3,000 different RWAs are live onchain, issued by hundreds of companies. The number was a fraction of this just 2 years ago. 3/ Tokenized U.S. Treasury bills alone hit $13.7B across 28 products from 20 issuers. That's larger than @HyperliquidX's entire market cap, and it's just one subcategory of RWAs. 4/ BlackRock, Franklin Templeton, WisdomTree, Apollo, VanEck, Fidelity, J.P. Morgan, Hamilton Lane. All of these TradFi giants are fully involved with tokenized products and crypto. 5/ @OndoFinance issues 63% of every tokenized stock and 75% of every tokenized ETF onchain. They're the biggest onchain broker right now. 6/ @maplefinance owns 44% of the tokenized credit market with $1.8B in private loans onchain. In TradFi, $1.8B in private credit would make you one of the larger independent lending desks in the market. 7/ @tether and @circle alone have printed 89% of all stablecoin supply. 8/ Tokenized stocks and funds are growing surprisingly fast. • Circle's tokenized stock is up 5,169% in 180 days • Franklin Templeton's onchain treasury fund is up 1,842% • Ondo's tokenized Micron stock is up 3,070% 9/ Ethereum dominates RWA settlement. 67% of all RWAs, 72% of ETFs, 55% of T-bills. Outside of Ethereum, only Solana has a meaningful position, specifically in tokenized stocks where it holds 29%. 10/ Euro stablecoins crossed $772M, up 5,031% from launch, with Circle's EURC owning 66% of the segment. Europe is now fully involved in the stablecoin race. Stablecoins took a decade to reach a $300B+ market cap. RWAs are on pace to do it in a fraction of the time, with TradFi writing the script. Data from @tokenterminal.

Forge ambassador program is open. Small group, 10-20 people. Referrals, content in your own voice, real presence through the season. Guaranteed token allocation at TGE. DM us.

Week 1 mainnet: cSOL exchange rate moved 1.0440 → 1.0458. +0.18% in seven days, a ~9.3% APY run-rate, accruing in the Crucible vault. No emissions.

Six days post launch on mainnet: cSOL exchange rate moved from 1.0099 to 1.0454 as protocol yield accrued. TVL 9.88 SOL. Don't loose your chance of becoming an FF.

@AltcoinDaily Once that happens, the prioritization will be on UX and transparency.

Everyone is underestimating how violently crypto adoption can accelerate after passage of Clarity Act.

@SolanaHub_ Solana is the best chain for real yield.

Solana is the best chain for payments. Solana is the best chain for AI agents. Solana is the best chain for Memecoins. Solana is the best chain for x402. Solana is the best chain for Stablecoins. Solana is the best chain for trading. Solana is the best chain for Gaming. Solana is the best chain for NFTs. Solana is the best chain for RWAs. Solana is the best chain for DeFi.

@FabiusDefi @CantonNetwork What happens when they are onchain is still a question to answer. Forge is the infrastracture to generate yield on top of them.

I’m watching one of the more interesting races in tokenized finance rn 👀 Not a typical L1 war. More like a clash between 2 different models: #Ethereum - the open, decentralized settlement layer. @CantonNetwork - the institutional chain built specifically for large financial players. And if we look at TradFi access, Canton is clearly ahead. > Canton has a serious advantage in institutional backing: – @a16zcrypto led a $300M round into Digital Asset in 2026, valuing the parent company at ~$20B. – Digital Asset has reportedly mobilized ~$7.4B in total capital so far, with names like Goldman Sachs, Citadel, DTCC, Nasdaq, BNY Mellon, HSBC, Visa and others involved. – Canton’s Super Validator list is also very strong: Goldman Sachs, DTCC, Nasdaq, BNY Mellon, Visa, S&P Global, Tradeweb, HSBC, DRW, SBI Digital Asset Holdings. This is direct participation from banks, clearing houses, exchanges, and market infrastructure players. > Compare that with Ethereum: – Ethereum is backed mainly by the crypto-native community, developers, DeFi users, and increasingly some institutions like BlackRock and Franklin Templeton. – Canton is being operated closer to the core of traditional finance itself. So, on institutional trust and relationship depth, Canton is winning that lane. But the real question is transaction quality. Canton is estimated to handle more than $350M in tokenized value per day in 2026, including tokenized repo and tokenized bond activity for large banks. Ethereum, meanwhile, has around ~$56B in ecosystem TVL. It has BlackRock BUIDL, Franklin Templeton’s OnChain Fund, and growing tokenized asset activity, but most Ethereum usage is still DeFi, stablecoins, and retail-driven liquidity. > This is the key difference: Canton is optimizing for large, private, institutional transactions. Ethereum is optimizing for open liquidity, composability, and global permissionless access. Different game, different buyers and trust assumptions. On token pricing, canton-network:native is already trading around a ~$5B–$6B market cap, while Digital Asset itself was valued at ~$20B after the a16z round. That gap is worth watching. Some people believe canton-network:native's pricing is being heavily supported by strong market-making activity, especially with players like DRW involved. > So who is leading? Canton is ahead in: – TradFi relationships – institutional capital access – large transaction flow – privacy for regulated finance – bank and clearing-house adoption Ethereum is still ahead in: – developer ecosystem – liquidity – composability – decentralization – global distribution – open financial experimentation My conclusion: Canton is not trying to beat Ethereum at being Ethereum. It is trying to become the private institutional rail for tokenized finance. Ethereum is still the open global settlement layer. Canton is the permissioned institutional execution layer. Both models can win. But they will probably win different parts of the same market.

@Defi_Rocketeer Tokenization is there but where is the onchain yield? We are building to bring onchain yield for offchain assets.

Tokenized Stocks & ETFs landscape Tokenized US stocks and ETFs crossed $1.5B market cap right now. Looks small when it only takes around 3% of total RWA onchain, but from another perspective it grew 200% this year. Market for this sector is still early phase, so the real winners probably aren’t set yet. But shouldn’t be faded anymore since ppl are starting to buy stocks onchain, even institutions. I tried to map out who’s building here. @OndoFinance : trying to become the BlackRock + Nasdaq + DeFi bridge all at once. 260+ tokenized equities and ETFs live, holding around 60% dominance of tokenized stocks with $1B TVL. @xStocksFi /@BackedFi : 100+ stocks and ETFs, $25B+ cumulative volume since launch. Their tokenized stocks can actually move around DeFi with way less friction than most RWA products. @SuperstateInc : only platform where the token is the actual SEC-registered share. Those shares are now accepted as collateral on Solana DeFi. @DinariGlobal : first tokenized stock issuer to hold a US broker-dealer license. Structured as OTC derivatives with dividend pass-through, full KYC/AML stack. @RobinhoodApp : 200+ tokenized stocks on Arbitrum for EU customers. @Securitize : got FINRA approval to custody tokenized securities inside a broker-dealer. NYSE picked them as the first digital transfer agent for its upcoming 24/7 tokenized stock platform. @SwarmMarkets : 50+ tokenized stocks/ETFs, mostly on Polygon, fully backed certificate model under German law. @felixprotocol : launched 250+ tokenized equities via Ondo. traders can hold tokenized spot positions alongside perp contracts to run basis trades and delta-neutral hedges on Hyperliquid. @tradexyz / @Ostium : probably the best perps venues to trade tokenized stocks onchain right now. I think after everything gets built out, equities become native internet assets, and we could see way more financial products stick around them the same way tokenized treasuries already became huge today. DYOR.

@0xNairolf Wallets need to provide real yield to users.

if wallets want to stay relevant long term, they need to evolve into neobanks or at least plan to otherwise they kinda fucked

@WilcosX Better Ux, better transparency, that's what works.

DeFi isn’t dead. It’s quietly becoming the financial infrastructure of crypto. Current state of DeFi in May 2026: - $85.3B TVL across 7000+ protocols & 500+ chains. - $322.7B stablecoin market cap. - $20B daily perps volume. - DEX/CEX volume dominance back above 20%. Top protocols by TVL: > @LidoFinance → $19.8B > @aave → $15B > @binance staked ETH → $8.3B > @Morpho → $7.5B > @eigencloud → $7.3B Leading categories: - Liquid Staking → $43.2B - Lending/Borrowing → $43B The biggest trend shaping DeFi right now: RWAs. Tokenized Treasuries exploded from $6.1B → ~$15B in just 18 months. Protocols like @OndoFinance and @Securitize are bringing institutional capital on chain with predictable yields backed by RWAS. At the same time, the #CLARITYAct could become the biggest regulatory unlock DeFi has ever seen: - Clearer SEC/CFTC rules. - Protections for DeFi infra builders. - Stablecoin framework. - Less “regulation by enforcement”. This cycle feels very different. 2021 DeFi was about farming hype. 2026 DeFi is about real revenue, RWAs, institutional rails, and global financial plumbing. The next phase of DeFi may not look as flashy. But it could become far bigger.

@LordOfAlts DeFi generating yield from the strengths of crypto, market activity and volatility

As expected, these sectors continue to dominate in 2026. ▪️ AI ▪️ DeFi ▪️ RWAs ▪️ Privacy In your opinion, what other narratives are quietly building enough momentum to attract attention for the rest of the year?

@defyneric Yield infrastracture for the best products ✋

it’s sad to say but a lot of the neobanks we see today will fail Care interchange CAN NOT be a primary revenue vehicle unless your moving 100s of millions in annual volume it’s not sustainable the ones that will win won’t rely on card as the main product but have other venues like trading, swaps, yield etc phantom and jupiter are good example of this

@stacy_muur @GSR_io @q42_co @mf__xyz @galaxyhq @Initialized @DraperVC @frachtisvc @colosseum @blackwood @cbventures @lattice_fund @1kxnetwork @buildonbase @SeliniCapital @JME_Ventures 👀

Crypto VCs that were actively deploying capital into early-stage projects ↓ (past 60 days) @GSR_io @q42_co @mf__xyz @galaxyhq @Initialized @DraperVC @frachtisvc @colosseum @blackwood @cbventures @lattice_fund @1kxnetwork @buildonbase @SeliniCapital @JME_Ventures