TradFi perp open interest doubled to $2B since May.
Binance holds 35%
Here's who ends that ๐
๐ TradFi x Crypto
$LINK $ONDO $SEI $XLM $PYTH $INJ
โฎ $LINK | @chainlink
โ Runs DTCC's Collateral AppChain, live Q4 2026
โ Cross-chain settlement trials with Swift and 12 banks
โ The price layer tokenized markets settle on
โฎ $ONDO | @Ondo
โ $1B TVL, 70% of the tokenized stock market
โ 260+ US stocks and ETFs, SEC-filed as an issuer
โ 24/7 minting on NVDA, TSLA, SPY
โฎ $SEI | @SeiNetwork
โ 400ms finality, EVM built for order books
โ BlackRock and Hamilton Lane funds live via KAIO
โ Ondo's USDY Treasuries as collateral
โฎ $XLM | @StellarOrg
โ DTCC's first public-chain securities rail, 2027
โ Settlement token under an SEC no-action letter
โ Franklin Templeton's BENJI, live since 2021
โฎ $PYTH | @PythNetwork
โ 500+ feeds: equities, ETFs, FX, commodities
โ 100+ chains, data from Cboe and Jane Street
โ Publishes US federal economic data onchain
โฎ $INJ | @injective
โ iAssets: tokenized equities on a native order book
โ Pre-IPO perps on OpenAI and SpaceX
โ Cosmos IBC, no wrappers
One exchange holds 35% of the flow today.
These six turn that share into a rounding error.
@0xchainink@chainlink The quiet tell is that ONDO shows up as both a competitor and a dependency. Its USDY collateralizes SEI, its stocks feed the perp venues, and itโs building its own perps too. Whoever ends Binanceโs 35%, Ondo has inventory in the trade either way.
@RWAFoundation_@RWA_xyz Two ways to read this: Ethereum has the deepest pockets, or it has the fewest people. Both are true. The chains at the bottom are where the holder count is quietly exploding.
Everyone spent years calling Stellar a dead payments coin.
Wall Street spent that time quietly building on it.
What sits on @StellarOrg today :
โ $3.1B : tokenized real-world assets
โ $5.5B : quarterly stablecoin volume
โ 12,500+ : RWA holders
โ 5.4% : of all tokenized value on-chain
Who's building there:
โ Franklin Templeton : BENJI money market fund
โ Amundi : $100M tokenized fund
โ MoneyGram : Tier 1 validator
โ DTCC : routing part of a $114T market in 2027
RWAs on Stellar are up roughly 300% this year.
$XLM's value tracks settlement, not speculation.
The market called it a relic.
DTCC called it a rail.
Every RWA project raced to tokenize US Treasuries.
@etherfuse went and tokenized the bonds nobody else would touch.
Real sovereign debt, on-chain, fractional:
โ CETES : Mexican treasury bills
โ TESOURO : Brazilian government bonds
โ USTRY : US Treasuries
โ GILTs : UK government bonds
โ EUROB : Spanish and German debt
Not synthetics. Real bonds, held by BBVA, B3 and Shinhan, attested weekly.
Minimum buy: one peso.
Custody: bankruptcy-remote under Swiss law.
Settlement: seconds, across five chains.
BlackRock tokenized Treasuries for institutions.
Etherfuse tokenized a Mexican worker's savings account.
@0xchainink@re Reinsurance is one of the few verticals where putting settlement on-chain actually solves an opacity problem, and Re got there before the rest of the RWA crowd.
RWA networks ranked
by 30-day growth
in tokenized value ๐
โ Monad : 108.9%
โ BNB Chain : 30.82%
โ Base : 12.83%
โ Plume : 8.67%
โ Arbitrum : 8.28%
โ Pharos : 5.75%
โ Mantle : 4.39%
โ Avalanche : 4.17%
โ Liquid Network : 1.56%
โ Canton : 1.12%
Nine networks are fighting for 10.78% of the market.
Canton has the rest.
๐จ Robinhood CEO Just Got Hacked
Funny that The Attacker Couldn't Rug The Coin.
$VLAD launched through Pons
and Pons does not let you pull the pool.
July 1: Chain launches for tokenized RWA
July 23: CEO's account hijacked to shill $VLAD
> Token called Vladhood, ticker $VLAD
> Described as the "official Robinhood Chain mascot"
> Claimed listing in the Robinhood app
> Deployed via PonsLaunchFactory
> Flagged "potential scam" by the chain's own explorer
Hijack the account, change the picture, launch the coin.
Every cycle runs the same script with a different verified account on top.
@0xchainink We spent five years arguing that tokenization needed institutional rails. Got them on July 1. By July 23 the flagship asset was a cartoon of the CEO in a hat. ๐ฉ