RWAs, and tokenized stocks in particular, are the biggest Narratives this year. Ok, now, there are traditional assets onchain, but where to trade them? I've been using a few platforms, researching, & experimenting lately. I may have found the best platform. One with points 👀 ↓ ------------ I'm talking about @OndoPerps. A recent trailing 30-day breakdown showed that around 96% of its volume came from RWA markets: • 53% commodities • 37% equities and ETFs • 6% indices • Just 4% BTC and ETH That makes Ondo fundamentally different from most perp platforms. As we know, stocks are being tokenized, onchain. But how fast? The category has grown more than 400% YoY, reaching approximately $1.7B in market cap by the end of June. This is opening access to the world's top assets and redefining how stocks are traded, held, and used. And Ondo is part of this growth. → Ondo Perps was built around equities, ETFs, indices and commodities from the start. In just 7 weeks, the platform is already one of the largest RWA-focused perp venue: • ~$1.5B in weekly volume • > $5.7B cumulative volume • +13% WoW • $320M volume in 24 hours • > 8M fills • ~$70M Open Interest • Gold is the largest perp market on Ondo Perps • Commodities account for ~50% of the volume 🔗 https://t.co/Qv6OKpRcvk 🔗 https://t.co/wNkUPH7w7S But why Ondo Perps is growing so fast? (Apart from the fact that they've been building around RWA & tokenization for years now, and have already massive RWA products, and huge experience on top of that) → Tokenized stock collateral. ---- ✦ Tokenized stock collateral All users can now use Ondo Stocks as collateral for perp positions, starting with SPYon (S&P-500 ETF) and QQQon (NASDAQ-100 ETF). More collateral markets will follow of course. Before, to trade perpetuals, you generally needed to provide separate collateral, such as stablecoins. Now, you can use Ondo’s tokenized stocks or ETFs themselves as collateral, starting with SPYon and QQQon. In other words, your assets no longer need to sit unused while you trade. Traders can now keep exposure to tokenized stocks while using them as productive collateral, instead of selling or holding idle stablecoins. What it means basically is: → Let's say you own $10,000 of SPYon, because you want exposure to the S&P500. Instead of: 1. Selling your SPYon 2. Converting it into stablecoins 3. Using those stablecoins as margin You can deposit the SPYon directly as collateral and use it to open another position, such as an NVDA perp. So you: • Keep your exposure to the S&P 500 through SPYon. • Use that same capital to back another trade. • Avoid having to maintain a separate stablecoin balance. You can also hedge easily. For example, while holding SPYon, you could open a short equity-index perp to reduce your downside exposure. Ondo is turning tokenized stocks from assets you just hold into collateral you can actively use across its trading ecosystem. → This is the "productive capital" thesis. 🔗 https://t.co/HnVd0UeCuk 🔗 https://t.co/hycgnZ3LsY And the bonus on top of these great products is: Points & Rewards. ---- ✦ Ondo Points • 5M points distributed weekly, for the duration of the program • Earned through trading volume & open interest • First drop already happened, retroactive on all activity since June 2 If you've been trading on Ondo Perps, check your points. 🔗 https://t.co/r5MbZXTPRw Earning points is not the only rewards you get, it's actually an additional incentive program to the existing trading rewards and referral programs. Ondo Perps traders can earn weekly USDC rewards and fee discounts by trading and referring new users. 🫡 ---- ✦ Conclusion RWA perps went from 0.1% to over 10% of onchain derivatives volume between October and March. And Ondo is positioned like no one else in the category. All of that while TradFi is calling for $5T to $8T tokenized assets by 2030. And @Ondo is even more than that, as I discussed here: 🔗 https://t.co/shzZE1zv6n Worth to give it a shot if you wanna trade RWA perps! 🫡 NFA & DYOR, as always!

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

RWAs, and tokenized stocks in particular, are the biggest Narratives this year. Ok, now, there are traditional assets onchain, but where to trade them? I've been using a few platforms, researching, & experimenting lately. I may have found the best platform. One with points 👀 ↓ ------------ I'm talking about @OndoPerps. A recent trailing 30-day breakdown showed that around 96% of its volume came from RWA markets: • 53% commodities • 37% equities and ETFs • 6% indices • Just 4% BTC and ETH That makes Ondo fundamentally different from most perp platforms. As we know, stocks are being tokenized, onchain. But how fast? The category has grown more than 400% YoY, reaching approximately $1.7B in market cap by the end of June. This is opening access to the world's top assets and redefining how stocks are traded, held, and used. And Ondo is part of this growth. → Ondo Perps was built around equities, ETFs, indices and commodities from the start. In just 7 weeks, the platform is already one of the largest RWA-focused perp venue: • ~$1.5B in weekly volume • > $5.7B cumulative volume • +13% WoW • $320M volume in 24 hours • > 8M fills • ~$70M Open Interest • Gold is the largest perp market on Ondo Perps • Commodities account for ~50% of the volume 🔗 https://t.co/Qv6OKpRcvk 🔗 https://t.co/wNkUPH7w7S But why Ondo Perps is growing so fast? (Apart from the fact that they've been building around RWA & tokenization for years now, and have already massive RWA products, and huge experience on top of that) → Tokenized stock collateral. ---- ✦ Tokenized stock collateral All users can now use Ondo Stocks as collateral for perp positions, starting with SPYon (S&P-500 ETF) and QQQon (NASDAQ-100 ETF). More collateral markets will follow of course. Before, to trade perpetuals, you generally needed to provide separate collateral, such as stablecoins. Now, you can use Ondo’s tokenized stocks or ETFs themselves as collateral, starting with SPYon and QQQon. In other words, your assets no longer need to sit unused while you trade. Traders can now keep exposure to tokenized stocks while using them as productive collateral, instead of selling or holding idle stablecoins. What it means basically is: → Let's say you own $10,000 of SPYon, because you want exposure to the S&P500. Instead of: 1. Selling your SPYon 2. Converting it into stablecoins 3. Using those stablecoins as margin You can deposit the SPYon directly as collateral and use it to open another position, such as an NVDA perp. So you: • Keep your exposure to the S&P 500 through SPYon. • Use that same capital to back another trade. • Avoid having to maintain a separate stablecoin balance. You can also hedge easily. For example, while holding SPYon, you could open a short equity-index perp to reduce your downside exposure. Ondo is turning tokenized stocks from assets you just hold into collateral you can actively use across its trading ecosystem. → This is the "productive capital" thesis. 🔗 https://t.co/HnVd0UeCuk 🔗 https://t.co/hycgnZ3LsY And the bonus on top of these great products is: Points & Rewards. ---- ✦ Ondo Points • 5M points distributed weekly, for the duration of the program • Earned through trading volume & open interest • First drop already happened, retroactive on all activity since June 2 If you've been trading on Ondo Perps, check your points. 🔗 https://t.co/r5MbZXTPRw Earning points is not the only rewards you get, it's actually an additional incentive program to the existing trading rewards and referral programs. Ondo Perps traders can earn weekly USDC rewards and fee discounts by trading and referring new users. 🫡 ---- ✦ Conclusion RWA perps went from 0.1% to over 10% of onchain derivatives volume between October and March. And Ondo is positioned like no one else in the category. All of that while TradFi is calling for $5T to $8T tokenized assets by 2030. And @Ondo is even more than that, as I discussed here: 🔗 https://t.co/shzZE1zv6n Worth to give it a shot if you wanna trade RWA perps! 🫡 NFA & DYOR, as always!

Name & Symbol: Invesco QQQ (Ondo) ($QQQon)
Address: 0x0cde6936d305d5b34667fc46425e852efd73559a

RWAs, and tokenized stocks in particular, are the biggest Narratives this year. Ok, now, there are traditional assets onchain, but where to trade them? I've been using a few platforms, researching, & experimenting lately. I may have found the best platform. One with points 👀 ↓ ------------ I'm talking about @OndoPerps. A recent trailing 30-day breakdown showed that around 96% of its volume came from RWA markets: • 53% commodities • 37% equities and ETFs • 6% indices • Just 4% BTC and ETH That makes Ondo fundamentally different from most perp platforms. As we know, stocks are being tokenized, onchain. But how fast? The category has grown more than 400% YoY, reaching approximately $1.7B in market cap by the end of June. This is opening access to the world's top assets and redefining how stocks are traded, held, and used. And Ondo is part of this growth. → Ondo Perps was built around equities, ETFs, indices and commodities from the start. In just 7 weeks, the platform is already one of the largest RWA-focused perp venue: • ~$1.5B in weekly volume • > $5.7B cumulative volume • +13% WoW • $320M volume in 24 hours • > 8M fills • ~$70M Open Interest • Gold is the largest perp market on Ondo Perps • Commodities account for ~50% of the volume 🔗 https://t.co/Qv6OKpRcvk 🔗 https://t.co/wNkUPH7w7S But why Ondo Perps is growing so fast? (Apart from the fact that they've been building around RWA & tokenization for years now, and have already massive RWA products, and huge experience on top of that) → Tokenized stock collateral. ---- ✦ Tokenized stock collateral All users can now use Ondo Stocks as collateral for perp positions, starting with SPYon (S&P-500 ETF) and QQQon (NASDAQ-100 ETF). More collateral markets will follow of course. Before, to trade perpetuals, you generally needed to provide separate collateral, such as stablecoins. Now, you can use Ondo’s tokenized stocks or ETFs themselves as collateral, starting with SPYon and QQQon. In other words, your assets no longer need to sit unused while you trade. Traders can now keep exposure to tokenized stocks while using them as productive collateral, instead of selling or holding idle stablecoins. What it means basically is: → Let's say you own $10,000 of SPYon, because you want exposure to the S&P500. Instead of: 1. Selling your SPYon 2. Converting it into stablecoins 3. Using those stablecoins as margin You can deposit the SPYon directly as collateral and use it to open another position, such as an NVDA perp. So you: • Keep your exposure to the S&P 500 through SPYon. • Use that same capital to back another trade. • Avoid having to maintain a separate stablecoin balance. You can also hedge easily. For example, while holding SPYon, you could open a short equity-index perp to reduce your downside exposure. Ondo is turning tokenized stocks from assets you just hold into collateral you can actively use across its trading ecosystem. → This is the "productive capital" thesis. 🔗 https://t.co/HnVd0UeCuk 🔗 https://t.co/hycgnZ3LsY And the bonus on top of these great products is: Points & Rewards. ---- ✦ Ondo Points • 5M points distributed weekly, for the duration of the program • Earned through trading volume & open interest • First drop already happened, retroactive on all activity since June 2 If you've been trading on Ondo Perps, check your points. 🔗 https://t.co/r5MbZXTPRw Earning points is not the only rewards you get, it's actually an additional incentive program to the existing trading rewards and referral programs. Ondo Perps traders can earn weekly USDC rewards and fee discounts by trading and referring new users. 🫡 ---- ✦ Conclusion RWA perps went from 0.1% to over 10% of onchain derivatives volume between October and March. And Ondo is positioned like no one else in the category. All of that while TradFi is calling for $5T to $8T tokenized assets by 2030. And @Ondo is even more than that, as I discussed here: 🔗 https://t.co/shzZE1zv6n Worth to give it a shot if you wanna trade RWA perps! 🫡 NFA & DYOR, as always!

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

Ondo is one of the projects I'm following most closely right now, and this for two good reasons: → Real-World Assets & Tokenization. 🫡 And Ondo is huge on these two narratives! It lets users trade perpetual futures on stocks, ETFs, and commodities 24/7. But Ondo is building far more than just a perps platform ↓ ------- I already knew about @Ondo, as the project has been around for several years. What caught my attention recently is how fast they're moving. That’s what made me realize things could accelerate quickly from here. Now that they have @OndoPerps, tokenized indices & stocks as collateral, Ondo Stocks, USDY (the world's leading permissionless yieldcoin), OUSG (OUSG offers exposure to short-term US Treasuries with 24/7 instant mints and redemptions),... And the metrics are crazy: • > $4B volume for @OndoPerps in just a few weeks • $270M peak daily vol • $2.5B TVL for USDY • $380M TVL for OUSG • ... Not one project is this far ahead when it comes to tokenization and onchain RWAs. Ok, the products are now up and running, and the infrastructure around is super solid. → So now, Ondo is going even further with the Ondo Network. ------- As explained in the quoted post, the Ondo Network is an infrastructure layer designed to combine: • CEX-like speed and privacy • Blockchain-style verifiability • Non-custodial settlement Instead of forcing execution, verification, and settlement onto one blockchain, Ondo separates them: • Enclaves handle fast, private execution. • Decentralized attestors verify that execution is correct. • Blockchains handle asset transfers and settlement. This is already in production and working, as the first application on the Ondo Network is @OndoPerps. But the Network isn't limited to perpetual futures, it is general-purpose and could also support spot markets, lending, structured products, and other financial apps. I also think Ondo is actually smart about Blockchains and our space. They know a new traditional blockchain is not necessary to achieve their vision, they've seen the time, effort, and money wasted to make the "best blockchain", they don't need that. They are using different technologies for the specific functions they perform best. The Ondo Network is therefore the evolution of the original Ondo Chain vision. Over time, the Network could become more decentralized through open attestors, proof-of-stake security, onchain state settlement, cryptographic proofs, selective privacy, and staking. ✦ TL;DR Ondo Network separates execution, verification, and settlement to offer CEX-like speed and privacy with blockchain-style verifiability and non-custodial settlement. @OndoPerps is its first live application, but the infrastructure could also power spot markets, lending, and structured products. What do you guys think? I don't see any project as far as @Ondo in the RWA Narrative. 🫡 NFA & DYOR.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

Ondo Points are now live. Every trade, every position. It all counts. Points drop weekly and are initially earned through: → Trading volume → Open interest A fixed 5 million points will be distributed each week for the duration of the program. The first round of points dropped today, based on trading activity since June 2.

Name & Symbol: Ondo ($ONDO)
Address: 0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3

What's that @machinedotfun? 🤔 We know from their website that it's a collaboration between @codecopenflow & @peaq. peaq-2:native is at a $45M Mcap. solana:69LjZUUzxj3Cb3Fxeo1X4QpYEQTboApkhXTysPpbpump is only at a $2.7M Mcap btw, down 93% from ATH. Robotics Narrative. Could be something. 👀 Also, there is a timestamp on the website. The Phase 1 timestamp corresponds to July 23, 2026 at 2:00 PM UTC. So we should know more in ~27 hours and 42 minutes from now. 🫡

Name & Symbol: peaq ($PEAQ)
Address: 0x8b9ee39195ea99d6ddd68030f44131116bc218f6

What's that @machinedotfun? 🤔 We know from their website that it's a collaboration between @codecopenflow & @peaq. peaq-2:native is at a $45M Mcap. solana:69LjZUUzxj3Cb3Fxeo1X4QpYEQTboApkhXTysPpbpump is only at a $2.7M Mcap btw, down 93% from ATH. Robotics Narrative. Could be something. 👀 Also, there is a timestamp on the website. The Phase 1 timestamp corresponds to July 23, 2026 at 2:00 PM UTC. So we should know more in ~27 hours and 42 minutes from now. 🫡

Name & Symbol: Codec Flow ($CODEC)
Address: 69LjZUUzxj3Cb3Fxeo1X4QpYEQTboApkhXTysPpbpump

-99% for $LAB since this post! I told you the fall would be brutal. It was a pretty obvious call, of course. Many people on CT called it too, and the scam pump was clear. Still, the timing was good for a relatively "safe" 2x short. I got a bit lucky on this one ngl. 🫡 https://t.co/Mkw7Fb7Vbx

Name & Symbol: LAB ($LAB)
Address: 0x7ec43cf65f1663f820427c62a5780b8f2e25593a

New research by @dune and @1inch tracked concentrated liquidity on Uniswap, PancakeSwap and Aerodrome across 7 chains for 26 weeks. 85% of DeFi liquidity is underutilized at any one time i.e up to $1.6B doing nothing. ➥ ~$600M is fully idle and out of range ➥ LPs in those positions are missing ~$175–195M in fees every year On average, 29.5% of concentrated capital stayed out of range across the whole period. Even the highest-turnover concentrated pools still leave massive TVL stagnant, while the vast majority of stablecoin supply never enters DeFi yield pools at all. This isn’t a temporary issue, it’s like a structural problem now. The good news is 1inch is building a fix to solve this.

Name & Symbol: Aerodrome ($AERO)
Address: 0x940181a94a35a4569e4529a3cdfb74e38fd98631

100s of crypto companies are about to lose access to 450M users this is because of MiCA's deadline, which is approaching fast. only around 210 firms have secured this MiCA authorization. RWA companies, neobanks, DeFi and many more risk losing legal access to EU's 450M users. this is serious because: > July 1 marks the end of the MiCA transition period, and no extension. > getting approved is huge, gives you access to the EU market. > @coinbase, @krakenfx, @okx, and @cryptocom, have already secured the license. > without authorization, serving EU customers becomes much harder. > in some cases, users may need to migrate to licensed platforms. you need to understand that this is beyond compliance. it is a big reset of the entire European crypto market. now this is a race against time. and the winners gain access to one of the world's largest economic regions. the losers might get locked out or have to merge with another company. this is done to bring clarity to crypto in Europe. it may also reshape which companies get to operate in Europe going forward. the next few days will be interesting. i hope the right companies make it.

Name & Symbol: Allo ($RWA)
Address: 0x9c8b5ca345247396bdfac0395638ca9045c6586e

It's up guys! Confidential Assets are finally a reality in DeFi. 🫡 What to do is simple: get your confidential USDC, and deposit on the Steakhouse Confidential Prime USDC Vault on Morpho. ✦ Why would you do that? 1. To earn Yield on your USDC, but with Confidential assets onchain 2. To take part of a revolution in Privacy 3. To profit from the 12-week yield boost program We're starting to see the first building blocks of a financial stack where users can transact, save, and earn onchain without exposing every balance or position. From confidential assets to confidential yield, @zama is building a complete confidential financial stack. On top of that it works just like regular USDC. No bridges, no new chains, no extra complexity. Everything happens in one app. I talked more about Zama & cUSDC here: 🔗 https://t.co/4dANtY9JyH NFA & DYOR 🫡

Name & Symbol: Morpho Token ($MORPHO)
Address: 0x58d97b57bb95320f9a05dc918aef65434969c2b2

It's up guys! Confidential Assets are finally a reality in DeFi. 🫡 What to do is simple: get your confidential USDC, and deposit on the Steakhouse Confidential Prime USDC Vault on Morpho. ✦ Why would you do that? 1. To earn Yield on your USDC, but with Confidential assets onchain 2. To take part of a revolution in Privacy 3. To profit from the 12-week yield boost program We're starting to see the first building blocks of a financial stack where users can transact, save, and earn onchain without exposing every balance or position. From confidential assets to confidential yield, @zama is building a complete confidential financial stack. On top of that it works just like regular USDC. No bridges, no new chains, no extra complexity. Everything happens in one app. I talked more about Zama & cUSDC here: 🔗 https://t.co/4dANtY9JyH NFA & DYOR 🫡

Name & Symbol: Zama ($ZAMA)
Address: 0x6907a5986c4950bdaf2f81828ec0737ce787519f

Cumulative onchain crypto card volume is already nearing $10B. It’s becoming real payment infrastructure, with projections pointing toward $17B by the EOY. But every transaction reveals balances, counterparties, and spending patterns onchain. As volumes scale, that transparency stops being neutral and starts becoming a liability for certain users and use cases. This is the gap @AnomaPay is targeting. 1. By using shielded payments and @anoma' intent centric architecture 2. So users can send and (soon) spend without broadcasting their full financial activity Also today itself Matrixdock Gold (XAUm) went live on it with private holdings and transfers. This will become relevant in the future when the confidential card launches, as it would allow spending from private assets without revealing transaction history.

Name & Symbol: Anoma ($XAN)
Address: 0x7427bd9542e64d1ac207a540cfce194b7390a07f

Decentralized open source models are getting very interesting Openserv “SERV reasoning” just received a strong independent benchmark Headline findings (SERV-nano solo vs prior Gemini/Sonnet): - 100x cheaper per call ($0.0006 vs $0.06) - 107x performance per dollar - Higher accuracy at lower cost (83.3% vs 77.5%) Keep an eye on the smaller teams shipping tangible products We’ve already seen VVV go on a solid run with arguably more upside, dolphin filling in for a beta position on the privacy AI narrative I’ll link a list of protocols to look into below, so bookmark this:

Name & Symbol: Venice Token ($VVV)
Address: 0xacfe6019ed1a7dc6f7b508c02d1b04ec88cc21bf

$TON has been pumping (almost 2x) & Its ecosystem too over the past couple of days. Why? Basically, Pavel Durov, Telegram founder, is taking over TON, and shilling it. In case you missed it, Quick Recap 🧵↓ ------- ✦ TON News Pavel announced that the fees have dropped 6x, meaning that now the fees are nearly zero: 🔗 https://t.co/AMN8JOjNvh And he also announced that Telegram is becoming TON’s largest validator: 🔗 https://t.co/qNWY2phuKe + He teased more bullish news coming. (in 2-3 weeks) Since $TON has always remained a strong asset (top 30), it just needed this push from @durov to get back into the spotlight. Telegram used to run @ton_blockchain back in 2020, but the SEC forced them to give up ownership, and the community had to fork TON to keep it alive. But now it seems like Pavel & Telegram took back control. Which means regulators might also push again, and force Pavel to decentralize TON for real this time. Nevertheless, Telegram taking over is huge since it has over 1B users (500M DAU), and is the 4th most popular messaging app. Telegram Mini-Apps x TON Chain could lead to huge adoption. And near-zero fees make Telegram mini-app micropayments finally viable. ------- The Narrative is still the same as before, but better: • Mini-apps: Apps integrated into Telegram • Many app possibilities like perps, prediction markets, gameFi. Directly into Telegram, easily accessible on phones • Easy transfers & banking too • Easy to use for retail • Mass adoption incoming All that could pump Telegram and $TON revenue. ✦ Learn more: 🔗 https://t.co/MaiKJgXJDK 🔗 https://t.co/vUvg5Wrvip 🔗 https://t.co/dDqd3oiGTa On top of that you also have some good yield available: → Supplying $TON on @evaaprotocol pays ~56% APR → Staking via @tonkeeper pays ~23% APY with over $1B already locked → Validators on TON are currently earning 20%+ APR (per @durov) No other L1 is paying validators at this rate right now. Via: 🔗 https://t.co/qXXiJVoUe4 ------- ✦ Conclusion One of the best mass-adoption setups is on the table right now. Telegram is the only consumer surface in crypto with 1B users and they're now operating the chain directly. I'm personally watching $TON itself, and I'm not chasing the ecosystem alts right now. But there are many memecoins running, so do your research! 🫡 If you need a short guide to start trading on TON: 🔗 https://t.co/aAvJeJqHhz NFA & DYOR 🫡

Name & Symbol: EVAA ($EVAA)
Address: 0xaa036928c9c0df07d525b55ea8ee690bb5a628c1