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May continued to reinforce a broader shift happening across onchain markets.
As capital became increasingly selective, we saw growing demand for assets backed by transparent structures, real economic activity, and durable cash flows rather than purely reflexive yield dynamics. Throughout the month, OnRe continued to expand across Solana DeFi while maintaining focus on institutional grade infrastructure, underwriting discipline, and composable access to premium backed yield.
OnRe closed the month out with:
- $185.80M in Assets Under Management
- $268.46M across OnRe DeFi Markets
- $16.83M in cumulative yield distributed to ONyc holders
- 6,384 ONyc holders
- 11.87% ONyc APY
- 77.01% ONyc utilization
- $112.71M in reinsurance capital
- $17.28M in OnRe GWP
ONyc price increased to $1.1086, continuing to reflect yield generated through short duration insurance and reinsurance activity. Across Solana, ONyc remained actively integrated within lending markets, structured yield products, liquidity venues, and looping strategies as utilization and participation across the ecosystem continued to expand.
Deepening Onchain Utility
May also marked continued expansion of ONyc utility across internet capital markets.
The launch of the OnRe Growth Vault introduced additional access to curated ONyc strategies, creating new pathways for users seeking automated exposure to institutional grade reinsurance yield. At the same time, integrations across lending and structured products continued to increase productive deployment opportunities for ONyc collateral throughout the Solana ecosystem. We believe this composability is a core part of how tokenized real world assets evolve, not simply as passive yield products, but as fully integrated financial primitives within onchain markets.
Growing Through Market Cycles
While broader digital asset markets continue to navigate volatility and changing macro conditions, our focus remains consistent:
- institutional grade infrastructure
- real world underwriting activity
- transparent collateral structures
- sustainable premium backed yield
- deep DeFi integration across Solana
We continue to believe reinsurance represents one of the most differentiated categories within tokenized finance, with returns tied to insured risk and underwriting performance rather than broader crypto market sentiment. As internet capital markets continue to mature, we believe demand will increasingly concentrate around assets capable of delivering transparent, resilient, and uncorrelated returns. OnRe is continuing to build for that future.
