more than half of everyone holding tokenized SP500 on BNB chain got there through a memecoin
not through binance marketing or other campaigns
memes are the best distribution channel in crypto and it's not even close
54% of all SPYb holders were introduced to tokenized SP500 through a memecoin
through $SP69
more than half the people holding tokenized S&P 500 on @BNBCHAIN right now got there because they bought a coin with 69 in the name and found stocks in their wallet
it makes sense to pair a memecoin with something that only goes up
100 years of data. every crash recovered. every dip bought. the most proven chart in financial history
$SP69 paired with tokenized SP500. your memecoin’s liquidity is backed by this chart
the meme might be volatile. the thing backing it never lost
this chart has been going up for 100 years. your parents hold it. your grandparents held it. pension funds hold it. sovereign wealth funds hold it
$SP69 holders earn it from a memecoin on BNB chain
the future is weird and beautiful
this might be the most retarded take of the cycle
“perps are not a great onchain business”
let’s do the math since the pumpfun co-founder apparently can’t
- Binancr: $16.8B 1Y revenue. majority from futures/perps
- OKX: $3-5B 1Y revenue. majority from derivatives
- Bybit: $2-3B 1Y revenue. majority from derivatives
the perps business across CEXs generates $20B+ per year in revenue. that’s the TAM. that’s what onchain perps are eating into
hyperliquid went from nothing to top 15 crypto by mcap in under 2 years, and it’s growing everyday
onchain perps are not competing with pumpfun. they’re competing with binance. with CME. with nasdaq. the TAM for derivatives is in the trillions. the TAM for memecoins is whatever attention CT has that week
“what’s bigger, bloomberg or instagram?”
bloomberg terminal makes $12B+ a year in revenue from 350,000 subscribers.
instagram makes money from ads on content other people create. one is infrastructure, the other is a feed. i’d rather build the bloomberg
hyperliquid is building the bloomberg of onchain trading. pumpfun built an instagram feed for coins that die in 4 minutes
onchain perps are just starting. the CFTC just approved them. ETFs are launching. institutional money is flowing in. hyperliquid flipped DOGE. and this guy is saying it’s “not a great business” because his memecoin casino makes more on a tuesday
the pumpfun co-founder telling you perps aren’t a good business is like the CEO of a slot machine company telling you banks aren’t profitable
NEW: @Pumpfun CO-FOUNDER @sapijiju SAYS PERPS ARE NOT A GREAT ON-CHAIN BUSINESS
“HYPERLIQUID 24H REVENUE: $1M
TOTAL REVENUE OF ALL MEMECOIN PRODUCTS: ~$2.9M”
“WHAT’S BIGGER, BLOOMBERG OR INSTAGRAM?”
ngl this is scary
lot of people have their lifesavings in cold wallets
imagine waking up and your cold wallet, which you haven’t touched in years, is randomly drained
Degens dream: buying a token and never having to sell to take profit because rewards come to you just for holding
Binance dream: people holding binance tokenized stocks instead of competitors like Robinhood or Ondo
and these dreams go together
the degens get their passive income, binance gets their tokenized stock adoption. the memecoin is the bridge between both
an example of the power of memecoins 👇
SPYb is tokenized SP500 on @BNBCHAIN: a 1:1 backed index of the 500 largest companies in America. the most trusted, most proven, most held index in the history of traditional finance. it’s the thing every financial advisor tells you to buy and hold forever. except now it’s onchain, composable, and sitting in your crypto wallet
yesterday SPYb had $1.8M in TVL and 700 holders on @BNBCHAIN
today it has $2.4M in TVL and 3,100 holders
$600K in new TVL and 2,400 new holders. in 24 hours. that’s a 33% TVL increase and a 4.4x in holder count overnight
what happened?
the power of memes
$SP69 is a memecoin paired with SPYb as liquidity. when $SP69 price goes up, the SPYb in the pool goes up with it: that IS the TVL. but most importantly, $SP69 distributes 5% of all volume as SPYb rewards to holders. every single trade generates tokenized SP500 and sends it to wallets that have never held a traditional financial product in their life
1,300 people now hold SPYb directly. another 1,800 have $63,000 worth of SPYb ready to claim from $SP69 rewards on Flap web. that’s 3,100 total holders: up from 700 yesterday. most of those people didn’t go looking for tokenized stocks. they bought a memecoin because they liked the name and woke up with the S&P 500 in their wallet
this is the distribution playbook that Binance, Blackrock, and every TradFi institution has been trying to figure out: how do you get retail to hold tokenized stocks?
seems like the answer was memes
a memecoin did more for tokenized stock adoption on BNB chain in 24 hours than any institutional partnership has done in months. 2,400 new holders. $600K in new TVL. zero marketing budget. just a funny ticker and a mechanic that distributes real stocks to degens
memes aren’t just attention. memes are distribution infrastructure
BNB chain has always been underrated for trenching
people forget that @BNBCHAIN has consistently produced runners when nobody expected it. $GIGGLE went over $300M. $4 almost hit $400M
and the biggest memecoin of the past year (币安人生) went to nearly $1B and is still sitting at $650M today
the binance ecosystem doesn’t just tolerate memecoins, they publicly support them. they engage, they list, they give attention when it matters. that’s not something every chain does for its degens
but here’s what i think is happening next
Binance just launched bStocks: tokenized US equities on BNB chain. 1:1 backed. self-custodial. tradable 24/7. these are standard BEP-20 tokens, meaning they’re composable with everything on BNB chain: DeFi, wallets, and yes, memecoins
$3.4B in TVL already on BNB chain across tokenized RWAs from BlackRock’s BUIDL, Tether Gold, Franklin Templeton. binance isn’t testing the waters with tokenized stocks. they’re going all in. zero maker fees on bStocks until end of august. this is a land grab
and the memecoins are already figuring it out. $MARSCOIN paired its liquidity with tokenized SpaceX stock and distributes $SPCX rewards. $SP69 paired with tokenized SP500 and distributes 5% of volume as $SPY rewards. these aren’t just memecoins anymore, they’re distribution channels for tokenized stocks
i bought $69K of $MARSCOIN and earned $273 in SpaceX stock. bought $2,500 of $SP69 and earned $304 in SP500. i came for the meme and now i have real, 1:1 backed tokenized stocks sitting in my wallet. that’s the onramp nobody planned but everyone needed
this is the hint. binance is building the infrastructure for tokenized stocks on BNB chain. the memecoins are building the distribution. stock-paired memecoins are the bridge between degens and traditional finance. you earn real stocks by doing what you already do: trading memecoins
the next meta on BNB chain isn’t AI coins or another animal. it’s stock memes. memecoins that use tokenized stocks as liquidity and distribute real equities as rewards. the degens get their game. binance gets their stock adoption. the stocks get their distribution. everyone wins
BNB chain is where this happens because binance controls the bStocks infrastructure AND the exchange listing pipeline AND the ecosystem fund AND the attention. no other chain has all four
want some proof, some hints?
BNB chain has always been underrated for trenching
people forget that @BNBCHAIN has consistently produced runners when nobody expected it. $GIGGLE went over $300M. $4 almost hit $400M
and the biggest memecoin of the past year (币安人生) went to nearly $1B and is still sitting at $650M today
the binance ecosystem doesn’t just tolerate memecoins, they publicly support them. they engage, they list, they give attention when it matters. that’s not something every chain does for its degens
but here’s what i think is happening next
Binance just launched bStocks: tokenized US equities on BNB chain. 1:1 backed. self-custodial. tradable 24/7. these are standard BEP-20 tokens, meaning they’re composable with everything on BNB chain: DeFi, wallets, and yes, memecoins
$3.4B in TVL already on BNB chain across tokenized RWAs from BlackRock’s BUIDL, Tether Gold, Franklin Templeton. binance isn’t testing the waters with tokenized stocks. they’re going all in. zero maker fees on bStocks until end of august. this is a land grab
and the memecoins are already figuring it out. $MARSCOIN paired its liquidity with tokenized SpaceX stock and distributes $SPCX rewards. $SP69 paired with tokenized SP500 and distributes 5% of volume as $SPY rewards. these aren’t just memecoins anymore, they’re distribution channels for tokenized stocks
i bought $69K of $MARSCOIN and earned $273 in SpaceX stock. bought $2,500 of $SP69 and earned $304 in SP500. i came for the meme and now i have real, 1:1 backed tokenized stocks sitting in my wallet. that’s the onramp nobody planned but everyone needed
this is the hint. binance is building the infrastructure for tokenized stocks on BNB chain. the memecoins are building the distribution. stock-paired memecoins are the bridge between degens and traditional finance. you earn real stocks by doing what you already do: trading memecoins
the next meta on BNB chain isn’t AI coins or another animal. it’s stock memes. memecoins that use tokenized stocks as liquidity and distribute real equities as rewards. the degens get their game. binance gets their stock adoption. the stocks get their distribution. everyone wins
BNB chain is where this happens because binance controls the bStocks infrastructure AND the exchange listing pipeline AND the ecosystem fund AND the attention. no other chain has all four
want some proof, some hints?