DeFi’s onchain asset management market is moving past the era of yield-chasing vaults and into a more institution-like business where ‘risk management’—not headline APY—determines who wins. A new report from Alea Research argues the sector is being reshaped into a layered intermediation stack, with specialized curators, risk managers, and distribution platforms increasingly setting the terms of capital allocation.
The shift matters because onchain asset management is no longer a niche automation tool for power users. As vaults become embedded inside wallets, exchanges, and fintech apps, more… Read more







