Next-Gen DeFi: Perps, Prop-AMMs & Onchain Credit

[kevin1]

Coinbase Ventures investors expect new financial primitives to emerge in 2026, including perpetual futures tied to real-world assets and prop-AMMs designed to protect liquidity providers from MEV and predatory trading.
They also predict the rise of prediction market aggregators and DeFi systems that combine onchain reputation with offchain data to support unsecured borrowing—a market they estimate at $1.3 trillion in the US alone.

[Nahid Hossen]

Coinbase jumping into AI agents and DePIN shows where the future is heading.

[Abdul Khan]

This blend of crypto and AI could unlock powerful new applications.