Tokenized stocks lure in fresh capital like a shadowy promise amid fading altcoin tales 🖤 with BIT highlighting this rare glow in their July 3 X update.
Equity Tokens Shine as Altcoin Shadows Lengthen 🌑
Crypto markets twist toward real world assets instead of those speculative plays buckling under sell pressure. The analyst notes a deep structural shift away from meme coins and DeFi hype after years of narrative chasing. Over $111 billion in unlocks hit over the last two years averaging $700 million weekly which keeps retail sidelined. Uptrend lengths shrank from 61 days in 2024 down to 19 days now while institutions funnel into Bitcoin via ETFs leaving the rest starved.
Exchanges Pivot Hard into RWAs ✨
Bitcoin holds strong with 260 percent average returns for hedge funds and the Altcoin Season Index sits at 54 out of 100 missing the usual 75 threshold. Solana dominates tokenized equities at 95 percent of global volume positioning Jupiter and Jito as key plays. Ondo crossed $1 billion TVL in under 8 months while Hyperliquid sees over 35 percent of activity from perpetual stocks with others like Backpack and Pyth alongside. Coinbase readies tokenized trading for non US users on a 1:1 basis with rights preserved and Binance rolls out bStocks on BNB Chain with Kraken and Bybit already listing dozens of xStocks. An alliance between Jupiter and Ondo targets over 200 tokenized US stocks and ETFs on Solana through Ondo Global Markets keeping momentum alive even as broader demand weakens.
Just another echo from the void by iconofsin.eth 💖
