# Fintrender

> Independent crypto intelligence from Brazil and LatAm — reports, briefs and live dashboards on stablecoins, tokenization, DeFi and regulation.

Fintrender is an independent research desk covering the convergence of crypto and
traditional finance from Brazil and LatAm — stablecoins, tokenization, DeFi,
regulation and prediction markets. Content is published in English (/en) and
Portuguese (/pt); English is the default. Full reports are distributed as PDFs.

## Reports
- [A case for SKY](https://fintrender.com/en/reports/a-case-for-sky): DeFi's oldest bank starts paying its shareholders — at half-rate.
- [A case for DELTA](https://fintrender.com/en/reports/a-case-for-delta): The burn is real and checkable. The fuel is a trickle.
- [A case for STONK](https://fintrender.com/en/reports/a-case-for-stonk): A burn you can verify, on a business you can't audit.
- [A case for PONS](https://fintrender.com/en/reports/a-case-for-pons): 80% of revenue buys the token — on rails it doesn't own.
- [Brazil's Crypto Market: Insights from Tax Authority Data — H1 2026](https://fintrender.com/en/reports/brazil-crypto-tax-data-h1-2026): R$283bn in six months — and stablecoins are 92% of it.
- [A case for ASTER](https://fintrender.com/en/reports/a-case-for-aster): 99% of fees now pay stakers — on a fee base nobody can audit.
- [A case for PUMP](https://fintrender.com/en/reports/a-case-for-pump): A profitable app burning half its fees — and a token still below its high.
- [Hyperliquid - Hype or not Hype? - visual report](https://fintrender.com/en/reports/hyperliquid-hype-or-not-visual): The thesis in charts, refreshed to Aug 2026: US$ 245B a month, 4x the next venue — and over 40% of it no longer crypto.
- [A case for LINK](https://fintrender.com/en/reports/a-case-for-link): It won the oracle war — then wired revenue to the token.
- [Perpetual Futures](https://fintrender.com/en/reports/perpetual-futures): The trade that never closes — and why it's coming for TradFi's derivatives.
- [A case for ONDO](https://fintrender.com/en/reports/a-case-for-ondo): A top RWA platform — and a token that may just watch from the sidelines.
- [Brazil's Crypto Market: Insights from Tax Authority Data](https://fintrender.com/en/reports/brazil-crypto-stablecoin-tax-data-2025): R$506 bi declared in 2025, stablecoins at ~80% of volume.
- [A case for AAVE - visual report](https://fintrender.com/en/reports/a-case-for-aave-visual): The thesis in charts: 100% of revenue now points at the token.
- [A case for AAVE](https://fintrender.com/en/reports/a-case-for-aave): The fee switch is live. Here's the re-rating.
- [A case for UNI  - Visual Fintrender Report](https://fintrender.com/en/reports/a-case-for-uni-visual): The Uniswap thesis in ten charts — and why only ~5% of fees reach UNI.
- [Strategy Fintrender intelligent report](https://fintrender.com/en/reports/strategy): The largest corporate Bitcoin holder, financed by issuance — and the risk it turns seller.
- [A case for UNI](https://fintrender.com/en/reports/a-case-for-uni): After the UNIfication, UNI is finally attached to the fees — ~3–7% of them.
- [Spacex - The unlock, no single cliff](https://fintrender.com/en/reports/spacex-unlock): The $SPCX unlock calendar on one page — no single cliff, staggered releases.
- [SpaceX price Ladder](https://fintrender.com/en/reports/spacex-price-ladder): What SpaceX's share price would have to reach to overtake each megacap.
- [SpaceX - record raise, thin slices](https://fintrender.com/en/reports/spacex-record-raise): History's biggest IPOs sold the least of themselves.
- [Hype´s ETFs](https://fintrender.com/en/reports/hype-etfs): side by side all Hype´s ETFs
- [Hype. Price Target. Two lenses](https://fintrender.com/en/reports/hype-price-target): Hype´s multiples are closer to CME or Nvidia multiples? The answer: It depends
- [Hyperliquid - Hype or not Hype?](https://fintrender.com/en/reports/hyperliquid-hype-or-not): The DEX that became a network — and crypto's largest 24/7 trading desk.
- [10+ BRL Stablecoin Report](https://fintrender.com/en/reports/10-brl-stablecoin): The Real took to tokenized rails — see who's issuing.
- [NFTs are back](https://fintrender.com/en/reports/nfts-are-back): Real volume or wash — and what actually held its floor.
- [Prediction Markets analysis](https://fintrender.com/en/reports/prediction-markets-regulatory): Three Brazilian regulators moved on prediction markets in a single week.
- [DeFi United Summary](https://fintrender.com/en/reports/defi-united-summary): The consolidation thesis, in three pages.
- [Lazarus Info-Paper](https://fintrender.com/en/reports/lazarus-info-paper): On-chain forensics of a year of laundering.
- [Fintrender IBIT Report](https://fintrender.com/en/reports/ibit-report): 18 months of BlackRock flows, decoded.
- [Brazil Tokenization Report 2025](https://fintrender.com/en/reports/brazil-tokenization-2025): Banks and crypto, finally on the same rails.
- [Brazil Tokenization Report 2024](https://fintrender.com/en/reports/brazil-tokenization-2024): The first full map of tokenized Brazil.

## Site
- [About Fintrender](https://fintrender.com/en/about): Who we are and what we cover. Founded by Gustavo Cunha.
- [Reports index](https://fintrender.com/en/reports): Every Fintrender report — long-form analysis, briefs and visual data-stories.
- [Videos](https://fintrender.com/en/videos): Crypto and TradFi intelligence on video, with transcripts.
- [Book — A Tokenização do Dinheiro](https://fintrender.com/en/book): Gustavo Cunha on how blockchain, stablecoins and CBDCs (and Brazil's DREX) are redefining money.
- [Disclaimer](https://fintrender.com/en/disclaimer): Fintrender is a research company. Everything published is independent research for informational and educational purposes — not investment advice or a recommendation to buy or sell any asset.

## Contact
- Newsletter: https://newsletter.fintrender.com
- LinkedIn: https://www.linkedin.com/company/fintrender/
- X: https://x.com/fintrender
- YouTube: https://www.youtube.com/@fintrender
- Email: contato@fintrender.com