PANews reported on June 19 that Artemis and Vaults.fyi released a joint report stating that decentralized finance (DeFi) platforms are becoming the backend infrastructure of financial technology, with a total locked-in volume of nearly $60 billion. The report pointed out that the "invisible DeFi" trend is emerging, and the platform abstracts complex operations to enable non-crypto native users to seamlessly access on-chain income. Coinbase's cooperation with Morpho and Bitget Wallet's integration with Aave are typical cases. At the same time, the rapid rise of stablecoin income products, RWA tokenization strategies and professional asset managers indicates that institutions are accelerating the deployment of on-chain capital. Data shows that the current 30-day annualized yield of stablecoins is 4% to 9%, which is higher than the yield of US Treasuries.