Research Review: Kaito, Lending Markets, Aerodrome and Fluid | Livestream

Aug 25, 2025

Carlos, a crypto analyst at Blockworks with expertise in decentralized finance, dives into the transformative business model of Kaito and its token dynamics. He explores lending markets, highlighting Aave's market dominance and the rise of newer players like Morpho. The discussion also covers Aerodrome's strategic integration with Coinbase, emphasizing its liquidity hub potential. Finally, Fluid Protocol's expansion plans, particularly its launch on Solana and innovative liquidity strategies, showcase the evolving landscape of decentralized finance.

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INSIGHT

Aave Benefited From PT Looping

Aave widened its lead recently by being the primary beneficiary of PTS/USDe looping activity.
Its liquidity mode and e-mode enable large borrowers to access capacity without huge borrow rate spikes.

ADVICE

Choose Lending Exposure By Thesis

If you want broad exposure to on-chain lending, owning Aave is a simple choice.
For sector-specific bets, pick protocols aligned with your ecosystem thesis (e.g., Morpho for Base, Camino for Solana).

INSIGHT

Coinbase Integration Boosts Aerodrome

Aerodrome's Coinbase DEX integration routed Coinbase users straight to on-chain liquidity, boosting Aerodrome volumes.
The partnership is a structural catalyst positioning Aerodrome as Base's liquidity hub.

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In this episode, we went live to discuss Kaito’s business model, revenues, and token dynamics. We also took a look at lending markets, including Aave’s dominance, Morpho’s growth, and Maple and Euler’s momentum. Finally, we reviewed Aerodrome’s Coinbase integration and Fluid’s expansion plans.Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

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Timestamps:

(0:00) Introduction

(4:17) What's Next For Kaito?

(28:32) Ads (Katana & Eigen Cloud)

(29:36) Lending Market Update

(52:47) Ads (Katana & Eigen Cloud)

(54:08) Updates on Aerodrome & Fluid

(1:30:20) Closing Comments

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.