ForTube

ForTube Portfolio provides one-stop dashboard on crypto & tradFi portfolio, powered by @ethsign @plaid. Live soon. $FOR @Binance.

[ForTube @ForTubeFi]

🚀Exciting news, ForTube family! We're thrilled to announce the launch of our brand-new website! 🎉 It's not just a fresh look, but a significant step towards our mission to revolutionize finance. ⬇️

https://t.co/2dmR3MdYrO

[RWA.xyz @RWA_xyz]

NEW: Visa is tokenizing assets on Ethereum

The largest payments company in the world just announced their tokenization platform.

BBVA, the 2nd biggest bank in Spain, with over €750 BILLION in assets, will use it to launch a stablecoin next year.

The institutions are here.

[Real World Asset Watchlist @RWAwatchlist_]

Which #RWA token will do THIS in 2025 ? 🚀

[ForTube @ForTubeFi]

Let's attest it onchain!

[sinu @sinu_eth]

"everything was already invented 10 years ago on the bitcointalk forum"

https://t.co/chLPpH56mR

[ForTube @ForTubeFi]

🚀 Exciting News! We're thrilled to announce the launch of ForTube Portfolio! 🌐✨

Now you can seamlessly track and attest both on-chain & off-chain assets in one place, thanks to our partnerships with @Plaid and @ethsign . 💼🔗
https://t.co/uh6CSRr0D1

#DeFi #RWA #ForTube $FOR

[ForTube @ForTubeFi]

Let's HODL, BUIDL and Stay Calm. In talk with @binance about the recent news.

In the past few months, the team has been actively building the new product and communicating the progress with stakeholders. With our community support, we can make $FOR great again!

[ForTube @ForTubeFi]

Users, users is the future of everything! That's why from DeFi to RWA, we focus on user experience and what actually solves users' pain points

[Binance @binance]

__________ is the future of finance.

[ForTube @ForTubeFi]

Congrats🥳🥳 Soon users will be able to attest their unified financial identity on chain through Sign Protocol! More reasons to celebrate

[Sign @Sign]

Sign Protocol has reached 2 MILLION onchain attestations

2,000,000 verifiable moments of truth
2,000,000 pieces of history in the making
2,000,000 steps towards the onchain movement
2,000,000 reasons to celebrate

[ForTube @ForTubeFi]

Still counting…🤔 What tools do you use to track all your wallets' balances And keep peace of mind?

[CZ 🔶 BNB @cz_binance]

If you panic during every dip, then don't look at the price all day long. Hold, instead of actively trade.

(May not be the best outcome for my business, but it's the best advice).

[ForTube @ForTubeFi]

Let's all dream together

[ForTube @ForTubeFi]

💪@Coingecko's recent report shows that the top 2 narratives of Q2 2024 were memecoins (of course) and RWAs

[Bankless @Bankless]

The Rise of Solana RWAs & stablecoins

An ecosystem analysis by @davewardonline

Alongside the recent ETFs surge, stablecoins and real-world assets (RWAs) have been the strongest paths to real-world adoption and augmenting existing financial systems with onchain economies.

Larry Fink’s mission of tokenizing the world leads as one of the most discussed memes of this cycle, a vision he’s followed up within $BUIDL, @Blackrock’s tokenized onchain fund. Stablecoins also remain central to discussions due to protocols like @ethena, Stripe's reentry via USDC payments, and new EU regulations like MiCA.

Although Ethereum and Tron are stablecoin hubs, Solana has notably risen here this cycle, with daily volumes exceeding $100 billion during peaks. RWA activity is also increasing on the network, with @OndoFinance's USDY as DeFi collateral, @maplefinance's @jito partnership, and @librecap's launch.

This article will dive into all these developments to understand the momentum Solana’s achieved in becoming one of the chains with the most real-world applications.

Stablecoins on Solana
Stablecoins on Solana have shown strength and continued expansion this cycle, highlighting the network’s robustness and appeal to stable issuers.

Today, Circle's USDC dominates the stablecoin arena on Solana, accounting for ~70% of the chain's total stablecoin supply, despite only holding ~30% on Ethereum.

As of this week, USDC's volume is ~19:1 compared to USDT (who comes in second on the chain), despite USDT's $114B total market cap and $31.5B daily volume on Ethereum, surpassing the top 20 ERC tokens combined. USDC's dominance on Solana stems from @circle and the @Solana Foundation’s strategies to incentivize developers and promote trading platform integration.

For instance, developer grants from platforms like @solendprotocol and @superteam in USDC have attracted more developers to Solana. Circle's Cross Chain Transfer Protocol (CCTP) launch on Solana has also boosted USDC's usability and liquidity. Additionally, Circle’s Web3 Services simplify smart contract development, meeting developer demand and fostering USDC's integration. All in all, these efforts aim to unify DeFi and establish USDC as Solana's leading stablecoin.

In third place at ~$240M circulating supply is @Paypal’s $PYUSD, which now accounts for ~11% of the total stablecoin supply on Solana after launching less than two months ago.

DeFi protocols like @KaminoFinance bolstered this growth by offering significant supply-side yields for PYUSD starting July 1st. Starting at 30%, these yields have lowered to 23%, though borrowing APY stands at 0.22%, compared to USDC’s 21% and USDT’s 16.5%, making PYUSD an attractive DeFi tool. Within a week of July 1st, PYUSD’s supply increased 88%, with 38% funneling into Kamino.

Outside of just stablecoin issuers, major financial platforms like @stripe and @Shopify integrating with Solana opens up new opportunities for developers and businesses to use the network to build trusted platforms that service everyday needs and connect Solana to mainstream finance.

Here, projects like @sphere_labs, @uselulo, @Decaf_so, and @helio_pay are already in development, simplifying crypto transactions and leveraging stablecoins such as USDC for everyday financial services like offramping to local currencies, facilitating crypto payments for e-commerce, and high-yield savings.

Overall, the stablecoin momentum seen on Solana looks primed to expand the offerings of existing financial systems with efficient, onchain solutions.

RWAs on Solana
Although quieter than Ethereum's RWA growth, Solana's integration of real-world assets is building a fertile ecosystem beyond tokenized treasuries.

Deployed on Solana in December 2023, Ondo Finance’s flagship tokenized treasury product, USDY, currently boasts a $42M market cap, which is relatively small compared to other leading stablecoins, which it is frequently categorized as. Despite its size, USDY has seen interesting developments, like integration into perps DEX @DriftProtocol as collateral.

This partnership and those to come add utility to tokenized real-world assets beyond lending and borrowing, improving capital efficiency for traders.

Some of the other most interesting RWA projects in the Solana ecosystem today include Maple and Parcl.

Maple, a marketplace for whitelisted companies to borrow from onchain liquidity pools, redeployed on Solana last year, offering yield avenues for stablecoins and altcoins through overcollateralized loan markets. Beyond this, Maple partnered with Jito for their new retail-focused lending product, Syrup. This partnership will provide flexible financing for borrowers using JitoSOL, unlocking yield sources for lenders and enhancing risk management with JitoSOL's liquidity.

@Parcl is a real estate perps DEX that allows users to invest in and trade—long or short with up to 10x leverage—specific geographical markets like Boston, Chicago, or Miami. This protocol aims to be used for directional investment and hedging strategies, democratizing access to a traditionally opaque asset class. Parcl is expanding into forex, too, with upcoming markets for the British Pound (GBP) and the Euro (EUR).

This is just the beginning of Solana’s RWA expansion, which will continue to be fueled by the recently announced Libre Fund and the upcoming launches of Jupiter’s GUM Alliance and elmnts’s exchange.

Libre Fund
Libre, a joint venture between Brevan Howard’s WebN Group and Nomura’s Laser Digital, is rolling out a suite of tokenized funds on Solana like the Hamilton Lane SCOPE fund, known for its higher yields, and the Brevan Howard Master Fund, which specializes in global macro trading strategies. With nearly $20M in TVL pre-launch, Libre's initiative intends to introduce secondary trading services for its funds later this year.

Jupiter’s GUM Alliance
@JupiterExchange's Grand Unified Markets (GUM) initiative, in partnership with the Solana Foundation and market makers like @wintermute_t and @DWFLabs, intends to create a "single atomic market" on Jupiter for all assets from forex and stocks to RWAs like credit, T-bills, and real estate and, of course, crypto.

The initiative aims to onboard tokenized assets efficiently by ensuring deep liquidity and addressing the common chicken-and-egg problem in tokenization, where issuers hesitate to tokenize assets without liquidity, and liquidity remains low until more assets are tokenized.

elmnts
@elmnts_ is an upcoming market for tokenized essential energy resources like mineral rights in the oil and gas sectors, an industry that is expected to generate over $800 billion in 2024. This approach increases transparency, access, and liquidity, addressing issues in the current market like high transaction costs and low liquidity.

To do this, the company acquires mineral rights through auctions, private sales, and networks, with specialists tracking active leasing areas and understanding the oil and gas market. This market simplifies the investment process, reduces costs, and allows more investors to participate with lower fees and minimums.

Zooming out
With significant stablecoin growth and a rising stable of RWA offerings, Solana has established a strong base for expanding real-world markets with onchain economies.

Through new and upcoming initiatives like Libre's tokenized funds, Jupiter’s GUM Alliance, and elmnts's market for essential energy resources, Solana continues to not only embed itself deeper into the RWA market but also offer a wider swath of access than most other chains to real-world assets onchain.

Indeed, @Coingecko's recent report shows that the top 2 narratives of Q2 2024 were memecoins (of course) and RWAs. If Solana captures the attention around RWAs as it has memecoins, it could attract institutional capital to the chain and solidify its place at the very top of this cycle's trends.

As existing financial systems merge with our decentralized ones, Solana’s role in facilitating the tokenization of traditional assets will continue to expand, reinforcing its status as a chain capable of feeding all appetites, whether from retail or institutions.

[ForTube @ForTubeFi]

Today $FOR is among the HOT tokens on @binance 🔥

Let us remind you, dear @ForTubeFi supporters, last week we launched new website with elegant design and roadmap for 2024 to 2025. Check it out 👉 https://t.co/8Yt6EhS0Tk

As we venture into #RWA to bridge DeFi and TradFi, we rely on partners such as @ethsign and @Plaid to build useful tools together.

It’s just the beginning.

[ForTube @ForTubeFi]

@binance I’m looking for a guy in Binance, trust funds, 6’5, blue eyes ❤️

[ForTube @ForTubeFi]

The next ten years, @ForTubeFi aims to bring DeFi and TradFi together 🤝

[vitalik.eth @VitalikButerin]

Happy 9th birthday, Ethereum!

Looking forward to seeing what the next decade brings.

[ForTube @ForTubeFi]

$1.86 billion compared to trillions of dollars of assets proves that #RWA is still at infancy.

Sky is the limit 🪁

[Securitize @Securitize]

According to @rwa_xyz, the total value of tokenized treasuries is now $1.86 billion.

What do you see as the most important factor for this growth?

[RWA.xyz @RWA_xyz]

Moody's, a leading traditional finance ratings agency, interviewed us about the impact of tokenization on private credit and other real-world assets!
​
Here are the key takeaways: 📓
​
1. Traditional private credit is the top risk-adjusted asset class of the last decade, but is generally only available to professional investors. Tokenization can change this, allowing access to this lucrative asset class to accredited and even retail investors.
​
2. Tokenization can greatly increase the transparency and efficiency of value transfer throughout the lifecycle of a credit fund, including LP subscription and redemption, loan disbursement, interest payments, and collateral liquidation. This is due to the automation that is possible with smart contracts, along with near-instant settlement of tokens. These could also enable liquid trading of LP shares and individual loans, but this is yet to be seen.
​
3. Adoption of tokenized private credit is higher in emerging markets with less developed financial systems, where there is a greater need for access to credit. Latin America, Africa, and South-east Asia, are the most common recipients of on-chain, RWA lending.
​
4. All lending contains risk, and tokenized credit is no different. 4% of on-chain loans experienced a missed payment, compared to 1.5% in traditional markets. Yields were not higher to make up for these defaults: 9.6% in tokenized private credit, and 11.8% measured by the Cliffwater Direct Lending Index. This suggests some degree of adverse selection taking place amongst borrowers. One key to further growth is closing this gap by having higher-quality issuers and originators tokenize their assets
​
5. Tokenized private credit has largely evaded regulatory scrutiny, with issuers tending to operate under Reg D and S exemptions under the US Securities Act. This mirrors its traditional financial counterpart, which tends to have less oversight than public credit, a much larger market.
​
These were just a few of the insights in a wide-ranging interview, so be sure to check out the full report below!

[ForTube @ForTubeFi]

You have to give some credit to Trump on this bold statement #bitcoin

[Michael Saylor @saylor]

"I stand before you today filled with respect and admiration for what the #Bitcoin Community has achieved. It’s incredible... This is the steel industry of 100 years ago... I think you’re just in your infancy. I can see it happening." - Donald J. Trump

[ForTube @ForTubeFi]

Works down the pipeline in the coming months:
1/ 🔨ForTube Portfolio launch (where you can create an on-chain verifiable unified financial identity)
2/ 🏡Branding upgrade to better align with our transition into RWA and the long term vision
3/ 💪More dapp integrations to put your unified financial identity to work!

[Fourtis @fourtisann]

Top Gainers of the Week in @binance🔸

$STMX +73.2%
$CTXC +34.1%
$FOR +15.1%
$JUP +13.4%
$ACE +9.31%

@stormxio @CTXCBlockchain @ForTubeFi @JupiterExchange @fusionistio⚡️

Top influencers are @beecalls_x1000 @CryptoEmree_ @Raynar_crypto @iWantCoinNews @excalibur34tr✨🚀