Tokenised assets are moving beyond issuance. Recent developments around Hyperliquid and Morpho show more activity moving into trading and lending. Our latest Hybrid Finance research with @tokenterminal looks at how that shift was already taking shape onchain. See the data below, or read the full report: https://coinshares.com/insights/research-data/token-terminal-hybrid-finance-q2-report/?utm_source=twitter&utm_medium=social&utm_campaign=Research-data_NA_24092026&utm_content=carousel_NA_rwa-utility-onchain-markets