# RWA — X 热门讨论 (2026-09-26 23:21 UTC)

## @koolkrypto223 (KoolKrypto) · 09-26 21:27 · ♥83 ↻4 💬11 Great $AERO write up, very in line with my mental model.

30% market share for any chain they're on is my very conservative base case, which leads to some pretty hilarious price targets already.

Don't even need to assume that RWA volume picks up massively, that they better capture fees with their new design, lose less to MEV, higher yield and therefore more demand to participate in max locked $AERO due to predictive allocation etc.

Conservative base case estimates pretty quickly get you to ATH price targets. Anything on top is just icing on the cake. > 引用 @mr_benft: I’ve been an $AERO enjoyer for a while now.

It finally seems to be getting its moment in the sun again, but short-term pumps and people yelling on twitter can distort the timeline’s view of what’s actually happening here. I hope this post helps some people look beyond the last 24hrs of green candles and see the larger picture.

Facts: -Aerodrome is the leading DEX on Base. Its sister protocol, Velodrome, built the same model on Optimism.

-The model is different from most DEXs: ALL protocol revenue flows back to participants in the ecosystem rather than simply accumulating to a company or treasury.

And wherever the “dromes” have operated, they’ve dominated. There isn't a better word to describe their performance where they operate. Currently:

-Aerodrome: 61% of Base DEX volume -Velodrome: 56% of Optimism DEX volume

On Oct. 21, that same model expands to Ethereum Mainnet, Robinhood Chain, Arbitrum and several others.

Let’s NOT assume they repeat 50-60% market share. Let's cut it in half... Assume 30%.

Here’s the size of the pie today:

Ethereum ~$41.2B/month of DEX volume 30% share = ~$12.4B/month through AERO ≈ $183M/year in gross fees

Robinhood Chain ~$52.1B/month 30% = ~$15.6B/month ≈ $231M/year in gross fees

Arbitrum ~$6.2B/month 30% = ~$1.85B/month ≈ $27M/year in gross fees

Combined: ~$358B/year of additional AERO-routed volume ~$441M/year of gross fees (again, this is ALL passed to aero token lockers)

No assumption that tokenized stocks explode. No assumption that more of global finance moves onchain.

-No bull-market volume expansion. -No Arc (I'm unsure what this one will become.. could be big, might be noting). -No Ink (also unsure what this can become).

Currently, the existing Base/OP business generates roughly $17.5m per month in fees.

At 30% share, Ethereum alone would add roughly that much again.

Robinhood Chain alone would add even more.

Do I think Aero will do better than 30% on these chains? Probably yes. But it doesn't need to, the pie is big enough already.

Good job on coms the last couple of weeks by the team. I know they've been dragged heavily on twitter since Novembers incredibly impressive event... now it's time to have a smooth launch and gobble up some market share.

Rock n roll. https://x.com/koolkrypto223/status/2103959635015418046

## @arkilus78 (arkilus) · 09-26 16:29 · ♥41 ↻3 💬23 list of extremely early projects :

- @ground_onchain

followers : 760 narrative : onchain yield apy quick tldr : close 3.6m pre seed round

- @idler_ai

followers : 1174 narrative : ai research lab quick tldr : raised $9m from paradigm and ycombinator

- @AscendLaunch

followers : 2043 narrative : launchpad quick tldr : the launchpad for @Enter_Elysium next generation of projects

- @tenkafinance

followers : 411 narrative : infrastructure quick tldr : just raised $2m pre seed round

- @StoxfiToken

followers : 400 narrative : tokenization quick tldr : tokenized equities with privacy built in

- @runupdotfun

followers : 4.5k narrative : launchpad quick tldr : launch tokens powered by stock perps

- @Arco_Fi

followers : 800+ narrative : rwa quick tldr : connect the assets, route the capital

- @fantadottop

followers : 2200+ narrative :social trading game quick tldr : traders are the new athletes

- @TradeOnS1

followers : 780 narrative : trading quick tldr : not much info

all of them are extremely early so the best to get positioned

nfa dyor

have you heard about any of them before? https://x.com/arkilus78/status/2103884737131802635

## @AcquaRagia93 (ForseSi.funkari) · 09-26 15:16 · ♥40 ↻9 💬6 Ok, let’s zoom out for a second.

An almost ridiculous amount of stuff happened across the StonkBrokers ecosystem over the last 10 days.

And when you look at each update individually, it’s easy to miss the bigger picture.

Let’s start with Interns.

Mint went live on September 18.

8,888 maximum Interns.

2 per StonkBroker.

Each Intern has its own ERC-6551 wallet, can have its own Clock In, receive a share of its parent Broker’s rewards and interact with infrastructure such as Smart LP and the Safety Deposit Box.

Initial mint was $20 in ETH + 999 $STONKBROKER, with the $STONKBROKER component designed to increase over time.

And Interns don’t seem to have been created simply as another NFT collection.

Farmer keeps pushing the idea that they should become a real distribution and marketing force for the ecosystem, and we’re already starting to see Interns publishing their “week 1 reports.”

Then there’s the burn.

On September 19 alone, around 4.7M $STONKBROKER was burned.

More than 10M in 7 days.

According to numbers shared by the team, the deflation rate had increased by roughly 500% versus the previous monthly pace, driven largely by minting and activation activity.

And while all of this was happening, the ecosystem had already crossed:

$500M in Uniswap volume across Special Projects, Smart LP and StonkLauncher.

Around $5M in TVL across the Safety Deposit Box and Smart LP.

Then Pager launched.

And I still think this part is underrated.

Pager is an end-to-end encrypted communication system gated to Brokers and Interns.

You can:

create jobs

negotiate

hire other Brokers or Interns

pay them directly in Stock Tokens into their ERC-6551 wallets

communicate inside a network gated to the community.

So we’re no longer just talking about NFTs receiving rewards.

We’re starting to talk about onchain identities that can work, get paid and coordinate with each other.

During the same period, the team also reported:

+156.4% WoW growth in Broker rewards

around $297K distributed in 7 days

$10M in Stock Token volume across the StockFi suite

around $1.7M in lifetime rewards at that point.

Then September 21:

Clock In 3.0.

This is one of the changes I personally find most interesting.

Every election now defaults to $STONKBROKER.

So if an activated Broker or Intern doesn’t select another asset, that round buys $STONKBROKER.

Not an occasional team buyback.

A buyback mechanism embedded directly into the recurring Clock In engine.

Interns also entered payroll with their own Clock In.

The menu expanded to 14 assets.

$cbBTC and $GLD were added.

And the whole system keeps moving further toward being community-run.

According to The Bored Ape Gazette, Clock In had already distributed more than roughly $1.8M across Stock Tokens, ETH and $STONKBROKER.

Then Smart LP.

On September 25, Smart LP positions became trackable and manageable directly inside Rabby Wallet on iOS and Android through the DeFi section.

That might sound small.

I don’t think it is.

When protocol positions start showing up directly inside wallets people already use every day, the infrastructure becomes much easier to access.

Smart LP was already one of the StockFi products Farmer had been pushing heavily.

A few days earlier he shared numbers around:

~$877K TVL

~$22.7K in fees in roughly 8 days

~62% estimated APY

alongside the team’s “liquidity above the market / 0 IL” positioning.

And then today we got another completely different piece:

The Card Wall.

Farmer started testing the physical collectibles / RWA side of the ecosystem, bringing real collectible cards onchain.

He even pulled a Karl-Anthony Towns PSA 9 and asked the community whether he should hold or sell it. 😂

At first this might look disconnected.

But the common thread is becoming pretty clear:

Stock Tokens.

RWAs.

Physical collectibles.

Liquidity.

Markets.

All moving onchain.

At the same time, @ClutchMarkets publicly supported the direction of U.S. stock tokenization, referencing the Innovation Exemption and the vision of 24/7 markets, instant settlement and fractionalization.

And this might be the biggest part of the entire thesis.

StonkBrokers isn’t simply building around $STONKBROKER.

They’re trying to build infrastructure around the broader idea of StockFi.

Now look at what is ALREADY live:

Anvil AMM

Broker activation

Clock In 3.0

Interns

StonkLauncher / Safe Launch

Stonk Exchange

Smart LP

Safety Deposit Box

Lending

Pager

Special Projects

And now look at what comes next.

SOLO Vaults.

STORMM.

Leverage Machine.

Fully onchain options.

Liquidity providers earning premiums.

Tokenized positions.

Stock Tokens being used as collateral and programmable financial assets.

According to a community Dune dashboard around September 21–22, the protocol was showing roughly:

$2.3M in fees over 30 days

$1.02M in revenue

and around 20% of the original supply burned.

Those numbers should be viewed for what they are: ecosystem/community dashboards and reported metrics, not a regulated financial report.

But the part I personally find interesting isn’t any single metric.

It’s how quickly all the pieces are being connected.

Brokers.

Interns.

Payroll.

Pager.

Jobs.

Burns.

Buybacks.

Smart LP.

Stock Tokens.

RWAs.

Collectibles.

Options.

StonkBrokers is looking less and less like “an NFT project with a token.”

They’re trying to turn it into an entire financial and operational infrastructure layer built on Robinhood Chain.

And I think this line from @OxSimpleFarmer on September 25 captures the moment pretty well:

“if we all work hard on improving every day it will take longer than we think… but we can change everything.”

A lot is already live.

And the most complex part hasn’t even arrived yet.

CLOCK IN. ⏰ https://x.com/AcquaRagia93/status/2103866203047338173

## @PauloCamara80 (Paulo camara) · 09-26 14:58 · ♥42 ↻2 💬1 $PLUME squad got the signal… everybody started dancing. 😂🔥 Meanwhile, the boss in blue: “I’m just here to watch.” 😎 Sometimes you don’t follow the moves you watch the whole show. 👀🚀

#PLUME #PlumeNetwork #Crypto #RWA https://t.co/WtvHjUx9YX https://x.com/PauloCamara80/status/2103861896621494385