๐ฅ bitcoin-cash:native is making a comeback.
In reality, not many people have taken the time to dig deep, and the value of bitcoin-cash:native is still widely misunderstood. Bitcoin Cash is the most misunderstood successful experiment in crypto.
Therefore, this comparison with $ZEC helps us quickly gain a clearer overall view of bitcoin-cash:native.
Exactly one year ago, on September 23, 2025, $ZEC was only $50, and now it is above $1,600.
The rise of privacy-focused coins is also an opportunity for bitcoin-cash:native to rise. Itโs time for everyone to reassess the true value of this coin.
If you only look at the RWA perp chart, the obvious take is just numbers go up bc ppl wanna trade stocks, indices, metals, FX etc on crypto rails.
But not many ppl know onchain RWA trading just hit its second real phase.
First we tokenized the asset. Then crypto did what crypto does and wrapped the price into perps.
Now venues are realizing neither is enough if you actually want TradFi-sized flow to live onchain.
โ $0.8B monthly volume in Oct 2025 to $147B at the July peak
โ share of all onchain perp volume went from 0.06% to 12โ15% now
โ $4.9B of RWA perp OI
โ TradeXYZ + Variational controlling almost 90%
Most of that growth is still what Iโd call phase 1: take the crypto perp machine and point it at stocks, gold, oil, indices, FX and pre-IPO names.
24/7 CLOB + oracle + leverage + premium-based funding, with crypto MMs carrying inventory and hedging somewhere else.
Works insanely well for bootstrapping markets, but problem is the underlying assets arenโt BTC lol.
Stocks sleep, exchanges close on weekends, dividends exist, financing has a real cost and a $5M gold position probably shouldnโt depend on whether CT apes are overcrowded long that hour.
So how does onchain RWA perp trading evolve?
โ @trade_xyz / HIP-3 proved that permissionless markets + a fast CLOB + unified margin can create new markets faster than TradFi ever will.
HIP-3 became the RWA liquidity gravity well onchain and today TradeXYZ still sits at $3.9B OI, $1.7B daily RWA volume, ~73% of tracked DEX RWA OI.
โ @variational_ioโs new swaps are designed to bring a TradFi-style financing relationship into an onchain wrapper.
OLP becomes the counterparty through RFQ, prices the trade, then hedges the risk through CEXs, DEXs, OTC and TradFi liquidity.
The first 5 swap markets were US100, US500, XAU, XAG and USOIL and they already did ~$3.8B volume with a $245M OI peak.
โ @qfex takes the CLOB route but simply turns funding off when the underlying cash market isnโt giving it a reliable reference.
It still offers 24/7 trading, but doesnโt pretend a Saturday equity position needs to play the same crypto-style financing game all weekend. Already has $212M RWA OI across 171 markets.
โ @Lighter_xyzโs main RWA book is $101M OI across 76 markets, but its Robinhood instance did ~$5B volume in August, crossed $200M OI with 21k+ accounts and >70% of that OI was RWAs.
Tells me brokerage distribution can bootstrap an RWA venue in a way a standalone DEX probably canโt.
โ @OndoPerps is trying to turn the RWA itself into the balance sheet by letting tokenized stocks be posted as collateral for equity/commodity perps.
Still small at $78M OI / 45 RWA markets, so the numbers havenโt caught the thesis yet.
Phase 1 was about proving ppl want the exposure. Phase 2 is about fixing everything underneath it like liquidity, funding, collateral, market hours, hedging and distribution.
Making the whole market around it work onchain is the actual game now.
๐ฅ @zksnarks_ is a Zcash PFP drop that just ran an ~$18M+ uniform auction and is opening Zilkroad as the book.
8,000 NFTs cleared at 1.5 $ZEC each (equivalent to 1 NFT = 1.5 ร $1,500 = $2,250).
This is insane. It shows just how much the $ZEC ecosystem has grown and how passionate its community has become.
If exactly one year ago, when $ZEC was trading around $40-$50, someone had said that a year later $ZEC would reach $1,500 while other altcoins were dropping hard, they would have been called crazy.
But crypto has always been a place where incredible stories happen.
The $ZEC season is coming.
No more buying/bridging USDC into Arc at a 50โ100%+ premium ๐
The mainnet is officially live!
After spending the past few days exploring the eco, I found plenty of opportunities, but the trading flow is still super fragmented.
Bridge in one place, chart scanner, launchpads somewhere else, then another terminal to actually trade.
And thank god @BitgetWallet's Arc integration basically gives me most of the tools I need in one place:
> bridge into @arc from 10+ chains
> live prices + candlestick charts
> swap/trade directly
> access @DYORSWAPDEX, @ArcDEXScan, @TollyLabs, @circlewarp, @Uniswap,...
> Meme Radar + KOL Call Rankings to scan early tokens
Besides the official CCTP bridge, Bitget Wallet also has its own in-house bridge supporting Ethereum, BNB Chain, Solana, Morph, Robinhood Chain and more.
Iโve already moved a bit more USDC into my wallet, pretty excited to test this whole new flow.
More updates coming soon ๐
$FAB 2x today, ATH was ~3x at ~$2M ๐
I already took my initial out ~$1.8M, but still keeping a moon bag.
RH Chain is still where we print.
Higher! W