Ideas
Aave expands RWA lending on Avalanche.
Aave is the largest DeFi lending protocol and is expanding into RWAs with a hub on Avalanche, letting institutional users post tokenized real-world assets as collateral and borrow stablecoins like USAT; this improves cost structure and scalability for onchain lending and should drive institutional demand.
Avalanche is positioned for RWA leadership.
Avalanche is a perfect ecosystem for tokenized assets because it is EVM-based, fast, has ecosystem liquidity, existing institutions and tokenized assets; Aave chose it for its RWA hub and expects Avalanche to lead the tokenized-asset frontier over the next few years.
DeFi momentum returns as assets expand.
DeFi momentum is returning as utilization, borrowing demand and onchain yields recover; the category is expanding from crypto-native assets into tokenized stocks, securities and RWAs, with institutions and fintechs entering under clearer stablecoin rules, which should drive growth.
Native tokenized securities win institutional adoption.
Tokenized securities adoption is accelerating faster than expected; native tokenization where the token is the security, with issuer consent and programmatic compliance, will beat structures that merely represent the security or rely on SPVs, because institutions want trusted, regulated, safe products with faster settlement and transferability.
Securitize leads regulated native tokenization.
Securitize is a regulated, issuer-led tokenization platform that went public, tokenized its own stock on Avalanche and Solana, and works with major institutions like BlackRock, Apollo and the NYSE; its native tokenized-securities model should win as the market separates quality from questionable wrappers.
Onchain equities offer faster global access.
Bringing equities onchain is the area he is most excited about because it provides faster settlement, easier transferability, compliance built into the token itself and democratized global access; institutions are now actively working on these products.
Memecoins are a losing game.
Memecoin trading has become much harder and more professionalized, with attention-driven cascades and labeled wallets; casual traders cannot compete against full-time experts and are likely to get rinsed, so most investors should avoid them.
Canton Network activity is impressive.
He is very involved in digital assets and the Canton Network, is impressed by the amount of activity being built there, and sees privacy-capable enterprise blockchain as an important part of the digital asset future.
Tokenization is unstoppable internet of value.
Everything that can be tokenized will be tokenized, and every financial institution will build on digital rails; this is the third wave of the internet, an internet of value, and he is deeply invested and more optimistic than ever despite political roadblocks.
RWAs are in hypergrowth.
Real-world assets are in hypergrowth; the majority of Hyperliquid trading volume is now RWAs, and stablecoins, tokenized stocks and bonds are also growing because most global economic value sits in real-world assets, not crypto-native assets.
Avalanche architecture suits institutional tokenization.
Avalanche's heterogeneous chain architecture is suited to institutional tokenization because institutions need specialized guardrails and compliance; while no chain wins everything, the RWA marketplace will require this design and Avalanche is well-positioned.
Ethereum has durable unique crypto role.
Dragonfly owns a lot of ETH, has been an early and consistent bull, and Ethereum has a unique role in crypto that is not likely to go away anytime soon.
Crypto AI decentralization is investable.
The crypto-AI intersection is attractive: Dragonfly invests in private/unrestricted AI inference like Venice.ai, local AI, and AI agent harnesses, believing decentralization and crypto rails will give AI usage back to users and shape how AI economic actors transact.
AI agents will use stablecoins.
AI agents will become larger economic actors and increasingly use stablecoins and crypto-based payments over the next 5 to 10 years, creating a durable growth vector for stablecoin usage.
Zcash provides needed crypto privacy layer.
Bitcoin and digital currencies need a privacy layer; Zcash provides that with ZK technology, and its time has come as blockchains mature and AI-era privacy concerns rise. Grayscale has offered a Zcash product for years and views the Orchard-pool issue as evidence of strong active development rather than a thesis breaker.
Bitcoin bottom called, allocation green light.
Grayscale called the bottom at $58K on June 30 and still holds that view; structural adoption, a post-bear market risk distribution, and a favorable macro backdrop check all the boxes, so it is giving clients the green light to allocate to Bitcoin.
BAVA offers regulated Avalanche exposure.
Bitwise launched the largest Avalanche ETF, BAVA, and runs Avalanche staking validators; Avalanche is well positioned for the theme of crypto colliding with the real world, including RWA and institutional use cases.
Capital markets replatform onto blockchain rails.
Capital markets are replatforming onto blockchain rails via tokenized equities, credit, private funds and vaults; onchain finance offers open 24/7 access, no minimums and global participation, making it a multi-year growth story.
Onchain vaults democratize stablecoin credit.
Vaults recreate credit markets onchain for the $300B of stablecoins sitting in wallets, offering higher yield with tighter duration matching than banks and democratizing credit; a key use case is lending to smaller AI companies that need credit against GPUs.
Avalanche DAT offers permanent capital exposure.
Avalanche Treasury Company is a public permanent-capital vehicle tied to Avalanche that does not have to buy or sell into fear and exuberance like an ETF; it can invest in Avalanche ecosystem businesses to provide differentiated exposure beyond the token.
Avalanche wins real-world verticals, underpriced.
Avalanche has technological advantages in business verticals like RWA private credit, gaming and ticketing, with evidence from FIFA World Cup tickets, UAE government ID, and university fan tokens; the market is not yet pricing these wins, and Avalanche's privacy/security design should benefit as 24/7 markets and agentic AI demand more block space.
This The Block video, published September 16, 2026,
features Stani Kulechov, Graeme Ferguson, Clemente, Chris Giancarlo, Haseeb Qureshi, Zach Pandl, Hunter Horsley, Bart Smith
discussing AAVE, AVAX, DEFI, Tokenized securities, SECZ, Tokenized Equities, MEMECOINS, CANTON, Tokenization, Real-world assets (RWAs), ETH, AI-SECTOR, STABLECOINS, ZEC, BTC, BAVA, Onchain finance, Onchain credit vaults, AVAT.
21 trade ideas extracted by AI with direction and confidence scoring.
Speakers:
Stani Kulechov,
Graeme Ferguson,
Clemente,
Chris Giancarlo,
Haseeb Qureshi,
Zach Pandl,
Hunter Horsley,
Bart Smith
· Tickers:
AAVE,
AVAX,
DEFI,
Tokenized securities,
SECZ,
Tokenized Equities,
MEMECOINS,
CANTON,
Tokenization,
Real-world assets (RWAs),
ETH,
AI-SECTOR,
STABLECOINS,
ZEC,
BTC,
BAVA,
Onchain finance,
Onchain credit vaults,
AVAT
