DeFi Technologies: Positioned for Growth with Strategic Expansion and Resilience in the Crypto MarketWe like AUM-guided enterprises, especially within the cryptocosm, on relatively transparent cash flows independent of the volatility craziness inherent in cryptocurrencies. DeFi is not completely immune, but the company's heartbeat, AUM, rose 28% sequentially to $989.1M from $772.8M in 2Q25, illustrating resiliency as pitted against significant 32% sequential slippage in the June quarter. Clearly recent trading action has not fallen in lock step with our investment thesis, and we remind investors of the long-term vision: blockchain, and the crypto that rides on them, establish a permissionless trust construct that is tracking to supplant existing traditional finance infrastructure, a prophecy we championed since our initial foray in the space more than seven years ago. For DeFi specifically, per our Sept.