Scallop blends the best of Compound V3 and Solend V2 into a Sui-native money market that’s already generated $6M in revenue and $100M+ in TVL.From sCoins and zkLogin to its veSCA governance design, Scallop is quietly building one of the most complete institutional DeFi stacks on Sui.Read the full Messari report ↓0xcloud (@0x_cloud):1/ Blending architecture from Compound V3 and Solend V2, @Scallop_io aims to pioneer an institutional-grade money market protocol on @SuiNetwork 🧵 https://t.co/Nbf1EOD3lp ...

Tokenized Assets - Tokenized money market funds (TMMFs) are the most common tokenized product [1] - Industry anticipates TMMFs becoming the default form of money in the future [1]

Key Metrics - Jupiter Lend's TVL (Total Value Locked) reached $1.2 billion [1] - Jupiter Lend achieved record-breaking growth [1] Product Offering - Jupiter Lend enables users to lend stables and earn yield [1] - Jupiter Lend facilitates borrowing [1] - Jupiter Lend supports looping strategies [1] Platform & Ecosystem - Jupiter Lend operates on the Solana blockchain [1] - Jupiter Lend is powered by Fluid [1] - Jupiter Lend was launched in collaboration with Jupiter Exchange (@jupiterexchange) [1]

Market Trends - Singapore's money market cash build-up is boosting demand for Singapore's bonds [1] - This increased demand is pushing bond returns to near the highest in the region [1]

RT Jupiter (🐱, 🐐) (@JupiterExchange)Jupiter Lend Public Beta is live 🥳The most advanced money market on Solana has arrived, built with @0xfluidAfter weeks of testing, audits, and feedback, we’re launching with 40+ vaults and $2m+ in incentives from Jup, Fluid, and partners.Here’s what you need to know 🧵 ...

Product Launch - Jupiter Exchange is nearing the launch of an advanced money market on Solana with Fluid [1] - Jupiter Lend Private Beta is now live for those on the waitlist [1] - Public launch of Jupiter Lend, with incentives from 10+ partners, is scheduled later this month [1]

Market Trends & Industry Dynamics - Goldman Sachs and Bank of New York Mellon are collaborating on a tokenized money product aimed at transforming the $7 trillion money market industry [1] - Stable coins are gaining traction, with Citigroup, Bank of America, and JP Morgan considering issuing their own [2] - The innovation aims to bring the $7.1 trillion money market industry to the blockchain, enhancing transferability [3] Investment Opportunities & Potential Risks - The tokenized money product seeks to offer a yield, attracting institutional players like hedge funds, pensions, and corporate treasurers [3] - Corporate treasurers may prefer tokenized money for its potential to earn a yield close to 3% to 4%, compared to holding cash at 0% [6] Product Features & Benefits - The tokenized money product aims to streamline cash management by enabling the exchange of tokens, potentially cutting steps in the process [7] - The underlying asset is well-trusted and has gained approximately $2 trillion in the last two to three years [6]

🚨UPDATE: GOLDMAN SACHS AND BNY MELLON COLLABORATES TO TRANSFORM $7.1T MONEY MARKET INDUSTRY WITH DIGITAL TOKEN ~ CNBC ...

Market Trends - A distortion in China's money market has vanished, suggesting investors anticipate economic reflation due to recent stimulus measures [1] Economic Outlook - The disappearance of the money market distortion is a nascent sign of improved investor confidence in China's economic outlook [1]

Money Market Dynamics - Overnight borrowing by Hong Kong banks surged to a nearly five-month high [1] - This increase suggests that interventions in the money market may be yielding the intended results [1]