Table of Contents
- Executive Summary: The Urgency of Liquidity Supply Chain Optimization in DeFi
- Market Outlook 2025–2030: Forecasts & Growth Drivers for DeFi Liquidity
- Defining Liquidity Supply Chain Optimization: Concepts and Innovations
- Key Players & Ecosystem Map: Protocol Leaders and Infrastructure Providers
- Current Challenges: Fragmentation, Capital Inefficiency, and Security
- Emerging Technologies: Automated Market Makers, Layer 2s, and Cross-Chain Liquidity
- Case Studies: Pioneering Platforms & Best Practices (e.g. uniswap.org, aave.com, chain.link)
- Regulatory & Compliance Landscape: Global Perspectives for 2025+
- Investment Trends & Strategic Partnerships: Where Capital Is Flowing
- Future Outlook: Breakthroughs, Risks, and Scenarios for DeFi Liquidity Chains Through 2030
- Sources & References
Executive Summary: The Urgency of Liquidity Supply Chain Optimization in DeFi
In 2025, the decentralized finance (DeFi) ecosystem is at a pivotal juncture where liquidity supply chain optimization has become critical for maintaining platform competitiveness, user trust, and ecosystem resilience. With DeFi platforms facilitating over $70 billion in total value locked (TVL) by mid-2025, efficient liquidity provisioning is now essential to support the growing diversity of decentralized applications, automated market makers (AMMs), lending protocols, and yield aggregators. The surge in cross-chain activity and the proliferation of Layer 2 scaling solutions are further intensifying the need for seamless, automated, and transparent liquidity management.
Recent events underscore this urgency. In the past year, several leading DeFi protocols faced temporary liquidity crises triggered by sudden market volatility and cross-platform asset migrations. For example, in early 2025, rapid shifts in ETH and stablecoin pools on major AMMs led to slippage spikes and impermanent loss for liquidity providers, highlighting gaps in real-time rebalancing mechanisms. Simultaneously, regulatory scrutiny in key markets—such as the U.S. and E.U.—is pushing DeFi operators to enhance transparency and traceability across their liquidity flows, requiring more sophisticated supply chain solutions.
Strategic innovation is emerging from both established protocols and new entrants. Decentralized liquidity management networks are rolling out advanced oracle integrations, algorithmic rebalancing, and multi-chain routing to optimize capital efficiency and reduce fragmentation. For instance, Uniswap Labs has introduced concentrated liquidity pools to increase capital utilization, while Aave and Compound Labs are deploying automated liquidity market modules to improve responsiveness to real-time demand. Additionally, interoperability platforms such as Chainlink Labs are providing cross-chain data feeds and automation tools that enable DeFi platforms to synchronize liquidity across disparate blockchains.
Looking ahead, the outlook for 2025 and beyond points toward an increasingly interconnected DeFi liquidity landscape, where optimization will hinge on automation, predictive analytics, and cross-chain composability. Industry bodies are advocating for open standards and best practices in liquidity supply chain management, aiming to mitigate systemic risks and foster sustainable growth. As DeFi matures and institutional participation rises, platforms that prioritize robust, transparent, and adaptive liquidity supply chains will be best positioned to capture user trust and regulatory acceptance, driving the next wave of financial innovation.
Market Outlook 2025–2030: Forecasts & Growth Drivers for DeFi Liquidity
The period from 2025 onward is poised to witness substantial evolution in the optimization of liquidity supply chains within decentralized finance (DeFi) platforms. As DeFi protocols continue to mature, the management and allocation of liquidity across interconnected pools, chains, and asset classes are becoming central to platform competitiveness and user experience. Key drivers shaping the market outlook include advances in cross-chain interoperability, the proliferation of automated market makers (AMMs), and the institutionalization of liquidity provision.
- Cross-Chain Liquidity and Interoperability: The emergence of robust cross-chain bridges and interoperability protocols is expected to further dismantle liquidity silos, enabling seamless asset movement and aggregation across blockchains. Initiatives such as Polygon’s AggLayer and Chainlink’s Cross-Chain Interoperability Protocol are already facilitating the flow of value between networks, which is anticipated to attract more liquidity participants and increase platform stickiness through 2025 and beyond.
- Algorithmic and AI-Driven Liquidity Management: The next generation of liquidity optimization will likely leverage artificial intelligence and advanced algorithms for real-time rebalancing and dynamic fee adjustment. Protocols like Uniswap and Balancer are expanding their toolkits to enable smarter liquidity routing and minimize impermanent loss, a trend that is expected to accelerate as on-chain data analytics become more sophisticated.
- Institutional Adoption and Professional Market Makers: The entry of institutional liquidity providers is forecasted to deepen and stabilize DeFi markets. As platforms implement features such as permissioned pools and compliance modules, firms like Wintermute and Jump Crypto are increasingly active in on-chain market making, bringing professional-grade liquidity strategies to decentralized venues.
- Composability and Modular Liquidity: DeFi’s modular architecture is expected to create new opportunities for “liquidity-as-a-service,” where protocols such as Aave and Yearn Finance offer plug-and-play liquidity tools for emerging DeFi platforms. This composability is likely to reduce fragmentation, enhance capital efficiency, and foster ecosystem-wide liquidity optimization.
Looking toward 2030, the convergence of these drivers is projected to accelerate the pace of innovation, with DeFi platforms evolving into highly efficient, adaptive liquidity networks. As regulatory clarity improves and security primitives advance, the optimization of liquidity supply chains will become a cornerstone of DeFi’s global growth and mainstream adoption.
Defining Liquidity Supply Chain Optimization: Concepts and Innovations
Liquidity supply chain optimization is emerging as a cornerstone for the sustainable growth and resilience of decentralized finance (DeFi) platforms. In the context of DeFi, “liquidity supply chain” refers to the end-to-end process by which digital assets are sourced, pooled, routed, and allocated across protocols to ensure efficient trading, lending, and other financial activities. The optimization of this supply chain is paramount as DeFi matures, addressing persistent challenges like capital inefficiency, fragmented liquidity, and heightened risks from impermanent loss or slippage.
Key concepts underpinning liquidity supply chain optimization include dynamic liquidity routing, cross-chain interoperability, and automated market maker (AMM) innovation. Dynamic liquidity routing, for example, leverages smart contracts to automatically direct trades or liquidity provisions toward pools or protocols offering the best rates or lowest slippage. This approach is exemplified by platforms such as Uniswap and Balancer, which continuously refine their AMM algorithms and routing strategies to maximize user returns and protocol efficiency.
Cross-chain interoperability is rapidly gaining traction, as DeFi liquidity becomes increasingly dispersed across distinct blockchain networks. Protocols such as Synapse Protocol and LiquidSwap are developing mechanisms for seamless liquidity transfer and aggregation across chains, reducing fragmentation and enabling more robust supply chain optimization. These efforts are supported by innovations in token bridging and wrapped asset solutions, facilitating a unified liquidity layer for users and protocols.
Another innovation shaping the liquidity supply chain is the advent of algorithmic liquidity management and optimization engines. Projects like Arrakis Finance are deploying automated vaults and active liquidity strategies, which dynamically adjust positions based on market conditions and user demand. These advancements reduce manual intervention, lower operational risk, and enhance the efficiency of capital deployment.
As DeFi platforms enter 2025, the outlook is shaped by the adoption of next-generation AMMs, widespread deployment of cross-chain liquidity frameworks, and the integration of decentralized oracle networks for real-time data feeds and risk assessment. The landscape is expected to see a proliferation of collaborative liquidity-sharing alliances between protocols, further optimizing the supply chain and offering users deeper, more resilient pools. As scalability solutions and regulatory clarity progress, DeFi’s liquidity supply chain is positioned for significant advancements in efficiency, accessibility, and systemic stability, setting the stage for broad-based financial innovation and adoption.
Key Players & Ecosystem Map: Protocol Leaders and Infrastructure Providers
The landscape of DeFi liquidity supply chain optimization in 2025 is shaped by a dynamic ecosystem comprising protocol leaders, infrastructure providers, and integration specialists. As decentralized finance platforms strive to enhance capital efficiency, minimize slippage, and ensure persistent liquidity, the interplay between these entities is becoming increasingly sophisticated.
At the protocol layer, leading decentralized exchanges (DEXs) such as Uniswap Labs and Curve Finance continue to drive innovation in automated market maker (AMM) mechanisms. Uniswap v4, with its customizable hooks and concentrated liquidity positions, allows liquidity providers (LPs) to optimize capital deployment based on market conditions. Curve’s focus on stable asset swaps and its ecosystem of pools, including the introduction of new metapools, has further enhanced liquidity routing efficiency for pegged assets.
Aggregator protocols like 1inch Network and ParaSwap are critical in optimizing liquidity sourcing across multiple DEXs. By intelligently splitting orders and routing trades through the most capital-efficient paths, they provide users with improved execution and reduced slippage. These aggregators have expanded support for cross-chain liquidity, integrating bridges and interoperability layers to tap into liquidity pools spanning multiple blockchains.
On the infrastructure side, liquidity management and rebalancing platforms are gaining traction. Gelato Network offers automated smart contract execution services that facilitate continuous rebalancing of liquidity positions, yield harvesting, and protocol integrations—critical for maintaining optimal liquidity distribution. Similarly, Chainlink provides decentralized oracle services that supply real-time price feeds and market data, enabling protocols to make informed rebalancing and liquidation decisions.
- Cross-Chain Bridges: Solutions such as Wormhole Foundation and LayerZero Labs play a pivotal role by enabling seamless liquidity movement between diverse blockchain ecosystems, addressing the liquidity fragmentation challenge and amplifying the reach of DeFi protocols.
- Institutional Market Makers: Entities like Wintermute and Jump Crypto are leveraging advanced algorithms and proprietary infrastructure to provide deep, programmatic liquidity at scale, often acting as both LPs and bridge operators across networks.
Looking ahead, the synergy between protocol developers, data oracle providers, cross-chain infrastructure, and institutional liquidity providers is expected to accelerate. As DeFi matures, interoperability, composability, and automated liquidity optimization will define the competitive landscape, with ecosystem leaders driving new standards for efficiency and capital utilization.
Current Challenges: Fragmentation, Capital Inefficiency, and Security
The decentralized finance (DeFi) ecosystem, despite its rapid evolution, continues to grapple with several persistent challenges in optimizing its liquidity supply chain—most notably fragmentation, capital inefficiency, and security vulnerabilities. As DeFi protocols scale and diversify, these hurdles present significant obstacles to achieving robust, efficient liquidity provision across platforms.
Fragmentation remains a defining characteristic of the DeFi landscape in 2025. Liquidity is scattered across a myriad of decentralized exchanges (DEXs), automated market makers (AMMs), lending pools, and layer-2 solutions. This fragmentation makes it difficult for traders and protocols to access deep, unified pools of capital, often resulting in suboptimal pricing and increased slippage. Cross-chain protocols and liquidity aggregators, such as Uniswap and Curve Finance, have introduced solutions to route orders across multiple sources, but interoperability is still limited by differing standards, smart contract languages, and bridging risks. The proliferation of application-specific blockchains and rollups further complicates liquidity consolidation, with funds often siloed within distinct ecosystems.
Capital inefficiency persists as another critical barrier. Traditional AMMs require large amounts of idle liquidity to cover the full price curve, leading to low capital utilization rates. While concentrated liquidity models like Uniswap v3 have improved efficiency by enabling liquidity providers (LPs) to specify custom price ranges, these mechanisms introduce new complexities and risks, such as increased exposure to impermanent loss and the need for active management. Moreover, protocols such as Aave and Compound continue to face issues with overcollateralization, whereby users must lock up assets far exceeding the value of loans, tying up significant capital that could otherwise circulate within the ecosystem.
Security concerns are heightened as the liquidity supply chain grows more complex. High-profile exploits in 2023 and 2024—often targeting cross-chain bridges and composable smart contracts—have resulted in losses exceeding hundreds of millions in digital assets. Protocols such as Chainlink are working to secure price oracles and cross-chain message passing, but the rapid pace of innovation continues to outstrip the implementation of industry-wide security standards. Multi-protocol integrations and permissionless composability, while foundational to DeFi’s value proposition, create a broader attack surface and increase the risk of cascading failures.
Looking forward, addressing these challenges will require coordinated advancements in cross-chain interoperability, new capital efficiency paradigms (such as real-world asset tokenization), and robust security frameworks. As major platforms experiment with unified liquidity layers and shared security models, the next few years will be pivotal in determining whether DeFi can realize its promise as a truly efficient, secure, and interconnected global liquidity network.
Emerging Technologies: Automated Market Makers, Layer 2s, and Cross-Chain Liquidity
In 2025, the optimization of liquidity supply chains for decentralized finance (DeFi) platforms is increasingly driven by emerging technologies such as advanced Automated Market Makers (AMMs), Layer 2 scaling solutions, and innovative cross-chain liquidity protocols. The interplay of these technologies is redefining how liquidity is sourced, routed, and deployed across decentralized ecosystems, addressing challenges of fragmentation, slippage, and inefficiency.
The evolution of AMMs continues to underpin liquidity provisioning in DeFi. Next-generation AMMs, such as those developed by Uniswap Labs and Balancer Labs, are leveraging concentrated liquidity and algorithmic optimization to enable capital-efficient trading. Uniswap V4 introduces customizable hooks and modular pools, allowing liquidity providers (LPs) to fine-tune parameters for optimal risk and return, while reducing the amount of idle capital required. These innovations are leading to deeper liquidity and lower trading costs—critical factors for efficient liquidity supply chains.
Layer 2 (L2) solutions, including rollups from Offchain Labs (Arbitrum) and Optimism Foundation, are further enhancing liquidity dynamics by dramatically reducing transaction fees and finality times. In 2025, the adoption of zk-rollups and optimistic rollups is enabling both users and LPs to move capital quickly and inexpensively between DeFi protocols, fostering greater liquidity mobility. Moreover, L2-native DeFi protocols, such as Base on Ethereum, are attracting new liquidity inflows by offering higher throughput and improved user experience.
Cross-chain liquidity protocols are addressing the persistent challenge of liquidity fragmentation across multiple blockchains. Solutions such as Synapse Protocol and Wormhole Foundation facilitate seamless asset transfers and liquidity bridging, enabling DeFi platforms to aggregate and redistribute liquidity more efficiently across heterogeneous networks. In 2025, the proliferation of cross-chain messaging standards and interoperability layers is expected to further streamline liquidity sourcing and arbitrage opportunities.
Looking forward, the convergence of these technologies is expected to yield highly efficient, resilient, and composable liquidity supply chains. DeFi platforms are likely to integrate intelligent routing algorithms, dynamic fee structures, and automated rebalancing mechanisms to optimize liquidity allocation in real time. As on-chain and cross-chain infrastructure matures, industry bodies such as the Ethereum Foundation and protocol development teams are focusing on standardization and security, ensuring that liquidity supply chain optimization remains robust and aligned with the broader goals of decentralized finance.
Case Studies: Pioneering Platforms & Best Practices (e.g. uniswap.org, aave.com, chain.link)
In 2025, decentralized finance (DeFi) platforms are advancing rapidly in optimizing liquidity supply chains, leveraging both protocol innovations and composable infrastructure. Several leading protocols exemplify best practices and pioneering approaches to maximize capital efficiency, mitigate risks, and ensure robust user experiences.
Uniswap, operating as a leading decentralized exchange (DEX), continues to refine its automated market maker (AMM) model. Following the launch of Uniswap v4, the platform introduced “hooks”—customizable logic that interacts with pools during swaps, enabling novel liquidity management strategies. These enhancements allow liquidity providers (LPs) to participate in dynamic, programmatic rebalancing and risk controls, effectively optimizing the allocation of capital across trading pairs and timeframes. The protocol’s “concentrated liquidity” model, first introduced in v3, remains influential, empowering LPs to provide liquidity within specific price ranges for greater efficiency and reduced slippage. In 2025, the adoption of protocol-native liquidity incentives and fee tier customization further enhances Uniswap’s supply chain flexibility, positioning it as a template for DEX liquidity optimization (Uniswap Labs).
Aave, as a preeminent lending and borrowing protocol, exemplifies optimization through its modular liquidity pools and risk isolation features. Aave’s introduction of “isolated markets” enables the onboarding of new, potentially riskier assets without jeopardizing the broader protocol’s stability. In 2025, Aave’s deployment of cross-chain liquidity infrastructure—connecting Ethereum, Avalanche, and other Layer 2 networks—facilitates seamless, on-demand movement of capital, mitigating fragmentation and idle liquidity. The protocol’s real-time risk management tools, combined with robust oracles and automated rebalancing mechanisms, underpin a resilient and adaptive liquidity supply chain (Aave Labs).
Chainlink plays an essential infrastructural role in DeFi’s liquidity supply chain by providing tamper-proof oracles and cross-chain interoperability. In 2025, its Cross-Chain Interoperability Protocol (CCIP) is widely adopted, enabling DeFi platforms to transfer assets and data securely across heterogeneous blockchains. This capability empowers liquidity protocols to tap into global capital efficiently and maintain synchronized states across networks, minimizing arbitrage inefficiencies and enhancing the composability of DeFi services. Chainlink’s Proof of Reserve and data feeds further bolster risk management, ensuring accurate valuations and resilient collateralization in lending and trading protocols (Chainlink Labs).
Looking ahead, platforms at the forefront of liquidity supply chain optimization are converging on themes of programmability, interoperability, and real-time risk management. As DeFi matures, these best practices are expected to drive higher capital efficiency, reduced systemic risk, and broader adoption across both retail and institutional segments.
Regulatory & Compliance Landscape: Global Perspectives for 2025+
The regulatory and compliance landscape for liquidity supply chain optimization in decentralized finance (DeFi) platforms is rapidly evolving as global authorities grapple with the complexities of blockchain-based financial services. In 2025 and beyond, regulatory bodies are increasingly focusing on the unique risks and opportunities presented by DeFi, particularly in the context of cross-border liquidity flows, automated market makers, and the composability of protocols.
Major jurisdictions are adopting divergent but converging approaches. In the European Union, the European Securities and Markets Authority (ESMA) is expected to further clarify the treatment of DeFi protocols under the Markets in Crypto-Assets Regulation (MiCA), with specific attention to how liquidity supply chains interact with regulated entities and stablecoin frameworks. This will likely require DeFi platforms to implement robust on-chain analytics and compliance layers to monitor illicit activity and manage counterparty risk.
Meanwhile, the Financial Conduct Authority (FCA) in the United Kingdom has initiated consultations on bringing DeFi platforms that facilitate liquidity aggregation under existing financial promotion and anti-money laundering (AML) regimes. The FCA’s focus is on transparency in automated liquidity routing and the traceability of funds across distributed ledgers. This is expected to result in new guidance for DeFi protocol developers and liquidity providers to integrate compliance-by-design features such as decentralized identity verification and real-time transaction screening.
In the United States, the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) have intensified efforts to define the regulatory perimeter for DeFi platforms, especially those offering liquidity pooling, derivatives, or yield optimization services. Ongoing enforcement actions and interpretative statements in 2025 are shaping an environment where DeFi protocols may be required to register as alternative trading systems or broker-dealers if they facilitate the matching of buyers and sellers of digital assets at scale.
In Asia-Pacific, Singapore’s Monetary Authority of Singapore (MAS) and Japan’s Financial Services Agency (FSA) are leading efforts to create regulatory sandboxes for DeFi innovation, with a focus on secure liquidity provisioning and systemic risk mitigation within tokenized financial markets. This approach aims to balance innovation with the need for market integrity and investor protection, setting the stage for exportable regulatory standards.
Looking ahead, as DeFi platforms mature and institutional adoption grows, the interoperability between DeFi liquidity chains and traditional finance will make compliance automation and cross-jurisdictional regulatory technology (RegTech) crucial. The next few years are likely to see the rise of self-regulatory frameworks and industry consortia working alongside regulators to establish best practices for liquidity optimization, auditability, and risk management across the global DeFi ecosystem.
Investment Trends & Strategic Partnerships: Where Capital Is Flowing
In 2025, investment in liquidity supply chain optimization for decentralized finance (DeFi) platforms is experiencing significant momentum as institutional capital increasingly recognizes the sector’s capacity for innovation and returns. Strategic partnerships, venture funding, and ecosystem grants are reshaping how capital is deployed, with a strong focus on enhancing capital efficiency, cross-chain interoperability, and risk management.
A prominent trend is the influx of venture capital and strategic corporate investment into projects developing liquidity routing protocols, automated market makers (AMMs), and aggregation layers. For example, Aave has accelerated its expansion into cross-chain liquidity pools and recently announced partnerships with leading Layer-2 scaling networks to minimize slippage and optimize capital flows for institutional users. Similarly, Uniswap Labs continues to attract significant investment, leveraging its dominance in decentralized exchanges (DEXs) to pilot novel liquidity incentive models and advanced routing algorithms.
The emergence of cross-chain bridges and interoperability protocols has also become a focal point for strategic alliances. In early 2025, Across Protocol and Connext launched collaborative initiatives to standardize liquidity movement between Ethereum and major Layer-2 and alternative Layer-1 chains, addressing fragmentation and reducing transaction costs. These collaborations are not only attracting developer grants from foundations like Ethereum Foundation but also drawing in ecosystem funds from major blockchain networks to accelerate adoption.
Institutional investors are moving beyond traditional token purchases and now actively participate in liquidity provision through managed DeFi vaults and automated strategies. For instance, Circle and Fireblocks have both rolled out institutional-grade liquidity management tools, forging partnerships with DeFi protocols to streamline onboarding and compliance for large-scale capital allocators.
The outlook for the next several years points to deeper integration between DeFi platforms and traditional financial infrastructure. Major financial institutions, such as Société Générale, have continued their experiments with on-chain liquidity pools, signaling a blurring of boundaries between DeFi and regulated finance. Ecosystem funds and protocol DAOs are expected to further incentivize projects tackling real-time liquidity optimization and multi-chain capital efficiency, setting the stage for more dynamic and responsive DeFi liquidity networks.
Overall, capital flow in 2025 and beyond is characterized by a convergence of venture investment, protocol-driven grants, and cross-sector partnerships—all aimed at building robust, scalable, and interoperable liquidity supply chains for the next generation of DeFi platforms.
Future Outlook: Breakthroughs, Risks, and Scenarios for DeFi Liquidity Chains Through 2030
As decentralized finance (DeFi) continues to expand, the liquidity supply chain—encompassing the sourcing, routing, and deployment of digital assets—remains a critical factor in platform efficiency and resilience. Looking ahead from 2025 through the end of the decade, several breakthroughs, risks, and plausible scenarios are set to shape the optimization of this liquidity chain.
Breakthroughs in Liquidity Routing and Automation
Advances in cross-chain interoperability and on-chain automation are poised to improve real-time liquidity optimization. Protocols such as Uniswap and Balancer are enhancing automated market maker (AMM) algorithms to enable dynamic fee adjustment and route trades to pools with optimal depth, reducing slippage and improving user outcomes. Additionally, the adoption of intent-based execution—where users specify trade outcomes rather than exact transaction steps—is gaining traction, as seen in projects like CoW Protocol. This model leverages batch auctions and solver networks to aggregate and optimize liquidity sourcing across multiple venues, minimizing MEV (Miner Extractable Value) and further increasing efficiency.
Risks: Fragmentation and Systemic Vulnerabilities
Despite these advances, risks persist. The proliferation of new Layer 1 and Layer 2 networks may fragment liquidity, making it harder to concentrate assets and leaving pools thinly spread across chains. Protocol upgrades and bridges—such as those supported by Polygon Labs and Arbitrum Foundation—aim to address this through unified liquidity layers, but cross-chain exploits and smart contract risks remain material threats. Furthermore, as DeFi platforms increasingly rely on automated and composable strategies (e.g., liquid staking derivatives and yield aggregators), cascading failures or exploits could have systemic implications for liquidity availability.
Scenarios Through 2030: Consolidation, Institutionalization, and Regulatory Impact
By 2030, the DeFi liquidity supply chain may see consolidation around a few dominant protocols capable of seamless multi-chain asset routing and risk management. Institutional adoption, led by on-chain asset managers and digital asset custodians such as Fireblocks, is anticipated to introduce more sophisticated liquidity provisioning strategies and compliance controls. However, regulatory actions—especially around stablecoins and KYC for liquidity providers—could reshape participation incentives and operational models, potentially increasing friction or driving innovation in privacy-preserving compliance tools.
In summary, the next several years will witness rapid technical evolution in DeFi liquidity supply chain optimization, balanced by persistent risks of fragmentation and regulatory uncertainty. The platforms that succeed will likely be those that deliver robust, interoperable, and secure liquidity routing infrastructure in an increasingly interconnected DeFi ecosystem.
Sources & References
- Uniswap Labs
- Aave
- Compound Labs
- Chainlink Labs
- Polygon
- Chainlink
- Balancer
- Wintermute
- Jump Crypto
- Yearn Finance
- Synapse Protocol
- Arrakis Finance
- 1inch Network
- ParaSwap
- Gelato Network
- Wormhole Foundation
- LayerZero Labs
- Wintermute
- Jump Crypto
- Offchain Labs (Arbitrum)
- Optimism Foundation
- Base
- Wormhole Foundation
- Ethereum Foundation
- European Securities and Markets Authority (ESMA)
- Financial Industry Regulatory Authority (FINRA)
- Monetary Authority of Singapore (MAS)
- Financial Services Agency (FSA)
- Across Protocol
- Connext
- Ethereum Foundation
- Circle
- Société Générale
- CoW Protocol