July 2025 Recap: Hyperliquid Meetup, Infinity Ground Deal & Market Leadership

July 2025 was a steady and productive month for us, with ongoing research activity, media engagement, and community participation. We welcomed guests to our Dubai office for a local meetup, contributed commentary on tokenization and market structure, and DWF Ventures continued publishing insights on various trending topics. Here’s an overview of the month’s key highlights.

Hyperliquid UAE Community MeetUp

This month, we hosted the first-ever Hyperliquid UAE community meetup at our Dubai office. The event brought together over 100 attendees for an evening of discussion, connection, and shared enthusiasm for the Hyperliquid ecosystem. The strong turnout and energy on the ground highlighted the depth and dedication of the Hyperliquid UAE community, and we’re excited to support more local initiatives in the future.

Strategic Partnership with Infinity Ground

Infinity Ground announced DWF Labs as a strategic investor this month. The partnership will focus on advancing agentic infrastructure, enhancing global AI adoption, and expanding liquidity across next-generation applications powered by Infinity Ground’s Agentic Integrated Development Environment (IDE). 

Cryptic Talks with DWF Labs and Falcon Finance

On 29 July, Andrei Grachev, Managing Partner at DWF Labs and Falcon Finance, joined Cryptic Talks on X for an interview titled From Tokenized Treasuries to Yield-Bearing Stablecoins: Falcon’s Roadmap to On-Chain Economic Utility. During the session, he outlined the project’s vision of becoming a universal collateralization infrastructure layer, which is a solution that enables both Web2 and Web3 users to unlock liquidity. He explained how users can mint USDF by using assets like BTC or tokenized treasuries as collateral, without needing to sell them. Grachev also pointed to ecosystem partnerships with Pendle and Morpho as key drivers of adoption, alongside Falcon’s focus on transparency through audits and public asset disclosures. 

With supply now exceeding $1.1 billion, Falcon will also be prioritizing the addition of corporate credit, emerging market debt, and tokenized private credit to its collateral base in the future. By tokenizing and integrating them, Falcon offers a compelling combination of quality, liquidity, and return, while also giving users an additional layer of diversification beyond crypto-native assets. Looking ahead, Grachev emphasized that Falcon is not waiting for these markets to mature—it intends to be the protocol that sets the standard and captures the flow early.

Media Coverage: Institutional Access, Tokenization, and Falcon Finance

In July 2025, our leadership was featured across several media outlets, offering perspectives on the evolving crypto landscape. 

Andrei Grachev, Managing Partner at DWF Labs, shared his views across several publications on the shifting role of digital assets. In Bitcoin.com, he noted that access to U.S. retirement markets, such as 401(k) plans, would mark a major step forward, as it reflects increasing long-term trust in digital assets. He also highlighted the benefits of tokenized equities, such as fractional ownership, 24/7 trading, and integration with on-chain lending protocols. 

In NewsBTC, he discussed the role of stablecoins in supporting dollar liquidity, highlighting that over 99% remain USD-denominated despite global developments. For Mpost.io, Andrei Grachev expressed support for halving Ethereum’s block times, stating that faster confirmations could improve user experience and settlement efficiency and lead to broader gains across the network.

In commentary cited by U.Today, Grachev described Bitcoin and stablecoins as complementary layers in crypto portfolios—stablecoins as low-volatility tools for entry. He also mentioned Bitcoin’s continued adoption as a reserve asset, with projected inflows of $120 billion by year-end. 

In addition, in a piece for HackerNoon, Grachev also explored how Web3 could help improve transparency in AI systems by providing verifiable and auditable infrastructure.

Moreover, Grachev highlighted Falcon Finance’s expanding presence in DeFi. He noted that Falcon’s USDf synthetic dollar supply surpassed $1 billion in July 2025, reflecting rising demand for yield-bearing stable assets as the sector evolves. In CoinCarp, he commented on how proposed U.S. legislation, such as the GENIUS Act, could accelerate institutional adoption of on-chain instruments like USDf—positioning Falcon Finance at the intersection of stablecoin development and traditional finance.

Lingling Jiang, Partner at DWF Labs, also shared her views on the global regulatory landscape and market drivers. In CoinCheckup, she mentioned that U.S. reluctance to support tokenized equity pilots risks falling behind regions like Asia, the EU, and the UAE, which are advancing with clearer frameworks and sandbox programs. In Crypto Times, Jiang discussed the link between geopolitical events and crypto markets, noting that easing tensions often prompts a swift return of investor risk appetite and rapid price shifts.
Our VP of Communications, Lynn Chia, authored an opinion piece in U.Today, highlighting a broader trend of nations pursuing tech sovereignty. She noted that countries are increasingly investing in sovereign digital infrastructure—from semiconductors to networks—in response to rising geopolitical risk.

DWF Ventures Research

In July, the DWF Ventures team continued to explore key developments shaping the crypto ecosystem. 

Early in the month, the team attended the EthCC 2025 crypto conference in Cannes and shared a summary of major themes, including the rise of modular blockchain infrastructure, evolving token models, and growing institutional focus on restaking and real-world assets. 

DWF Ventures also published an analysis of decentralized lending markets, outlining how protocols like Morpho and Venus are driving efficiency and capital velocity in DeFi.

The team then examined the scalability solutions for USDT, assessing whether emerging cross-chain infrastructure can support Tether’s continued global adoption.

In the next article, the team spotlighted the rising trend of public U.S. companies investing in crypto, with SharpLink Gaming adding $200 million in Ethereum ($ETH) cryptocurrency and Sonnet Bio allocating $888 million for HyperLiquid ($HYPE), raising the question: are companies returning to crypto?

Rounding out the month, DWF Ventures explored renewed interest in Ethereum, asking whether the long-anticipated “Ethereum season” may finally be taking shape amid shifts in market sentiment and ecosystem activity.

Conclusion

July 2025 reflected our continued involvement across research, partnerships, and community initiatives. We shared insights on institutional market trends, explored the future of tokenized assets, and supported projects working at the intersection of crypto and AI. The month highlighted our focus on practical developments in the crypto space. Moving into August, we remain committed to working with our partners and the crypto community, together pushing the boundaries of the crypto market further.