# RWA — X 热门讨论 (2026-09-17 16:05 UTC)
## @DanielFenelus2 (Daπiel.F) · 09-17 15:28 · ♥115 ↻10 💬5 SEC allows on-chain AMMs for tokenized equities without heavy national exchange registration. For Pi Network: proof that decentralized liquidity aligns with RWA compliance frameworks, expanding on-chain bridge horizons. Why? This validates AMMs as compliant execution rails for tokenized securities (with voting/dividends), clearing clean RWA bridging paths while keeping $Pi as the native utility anchor. #PiNetwork #AMM #DEX #PiDEX > 引用 @BSCNews: SEC Advances Crypto Agenda After Clarity Act Failure
The SEC launched its "Innovation Exemption," which provides an avenue to regulate Tokenized Security Venues (TSVs) that will enable trading tokenized American stocks on public, permissionless blockchain networks.
Under the new rules, any qualified platform can use automated market makers (AMMs) and liquidity pools without becoming a national securities exchange.
This is possible as long as the tokens have all shareholder privileges, such as voting and dividends, and the token issuer raises no objection within 30 days.
The exemption will take effect immediately and last for five years. https://x.com/DanielFenelus2/status/2100607838988972389
## @worldlibertyfi (WLFI) · 09-17 15:37 · ♥54 ↻9 💬14 USD1. Every venue. Also the margin.
The USD1 Trading Map, September 2026.
→ BTC, ETH, SPCX perps settled in USD1 on @binance → 9 USD1-margined markets on @Gate → 30+ futures pairs on @MEXC → RWA perps on @Aster_DEX → Spot and margin on @Bybit_Official
New map every two weeks. https://x.com/worldlibertyfi/status/2100610135043322037
## @BSCNews (BSCN) · 09-17 14:27 · ♥58 ↻8 💬10 Top U.S. Global Asset Manager Brings Tokenized High-Yield Bond Fund on Avalanche
NY Life Investment Management (@NYLIManagement), which manages $807 billion worth of assets, announces the on-chain launch of its U.S. High Yield Corporate Bond Strategy using the @Centrifuge protocol.
The fund, symbolized by HYB, gives eligible users access to an actively managed corporate credit strategy.
This increases the scope of RWA products beyond Treasury and short-duration securities traditionally available in the tokenization space. https://x.com/BSCNews/status/2100592411835584961
## @Zuesthekreator (Zues) · 09-17 14:54 · ♥44 ↻3 💬27 🚨JUST IN: INJ is now officially live on @solana
The two most active trading ecosystems in crypto just became directly connected and injective-protocol:native is at the center of it.
$INJ natively accessible through the apps Solana users already live in every day.
Solana’s liquidity and user base now has a direct line into @Injective’s RWA markets, tokenized stocks, perps, and the full financial stack. 🥷 https://x.com/Zuesthekreator/status/2100599195061162343
## @Mars_DeFi (Mars_DeFi) · 09-17 12:16 · ♥46 ↻7 💬17 Arc mainnet went live and almost immediately turned into a launchpad laboratory. More than 50 platforms appeared in the first wave. But that number is a little misleading.
They are not all competing for the same users, using the same launch mechanics, or even trying to build the same business.
And now that the initial speculation is cooling, the market is starting to answer the more important question: Which launchpads can actually retain liquidity once attention moves on?
Here’s how the @arc launchpad landscape is beginning to separate.
— ● The first split is in how tokens reach the market Some platforms are skipping the traditional bonding-curve model entirely. Direct-to-liquidity launchpads send tokens straight into locked DEX liquidity from launch. Examples include: • @TollyLabs • @arcpad_meme
The advantage is simplicity. There is no graduation event or liquidity migration later. The token effectively begins life as a DEX market.
That makes LP structure, fee design and liquidity retention much more important from day one.
— ● Others still use the classic bonding-curve model
Platforms such as: • @circlewarp • @arcfunapp • @ArcToolsBackup use a more familiar flow:
Launch -> bonding curve -> price discovery -> liquidity threshold -> DEX market
Here, the curve acts as the initial bootstrapping mechanism before the token transitions into normal secondary-market liquidity.
So the competition is partly about where price discovery should happen:
inside the launchpad first, or directly inside the DEX.
— ● A second group is competing on distribution instead of mechanics Some launchpads are treating attention itself as part of the product.
That includes: • @Archemistdotfun • @focidotfamily • @Ayooclub • @TheArchfun
These platforms lean more heavily into social discovery, communities and attention-driven launches. That is a different moat.
If launching a token becomes commoditized, then controlling where users discover the next token can become more valuable than the launch contract itself.
In other words: Launch infrastructure gets copied but distribution is harder to copy.
— ● Then there is the RWA / stock-linked category This is where Arc starts becoming more interesting than a generic memecoin launchpad ecosystem. Platforms such as: • @ellipsefun • @Longdotsupply • @BaseStonk are extending token launches into stock-linked or tokenized-asset markets. That creates a different economic model from pure memecoin issuance.
Instead of only launching speculative assets, these platforms can potentially connect new tokens with: • Stock pairs • RWA treasuries • Tokenized collateral • Asset-backed liquidity
So their success depends less on launch velocity alone and more on whether they can turn speculative demand into persistent RWA activity.
— ● NFTs and collectibles are developing their own lane Not every platform is competing for fungible-token launches. @akadotfun, @Omni_Hub and @SharcFun are building around NFTs and collectibles.
That matters because Arc’s launchpad layer is already fragmenting by asset type.
The market is not becoming one giant launchpad category.
It is becoming several specialized distribution markets sitting on the same chain.
— ● Some protocols want to own the whole trading lifecycle Another group is combining issuance with exchange infrastructure. Examples include: • @circlewarp • @ArcadeSwap • @ArcDEXScan
Instead of stopping at: create token -> send it elsewhere to trade
the model becomes: create -> bootstrap liquidity -> trade -> retain volume
That potentially gives these platforms more ways to monetize each successful launch. And over time, this distinction could matter more than launch count.
The valuable venue may not be the one that creates the most tokens. It may be the one that keeps users trading after the launch is over.
— ● Then comes the long tail Arc also has a much broader group of launchpads experimenting around the same opportunity: @Arguspad , @liftdotfun , @fazedotfun , @TradePools , @minarafun , @synthra_finance , @arclaunchfun , @Fliptfun , @eve_dot_fun , @Arcanedotfi , @Zyoradotfun , @sashimidotfun , @hopium_gg , @Bullcheese_fun , @actfunxyz , @mysphere , @ubi_fun and others.
That tells you how low the barrier to entry became during the first wave.
But it also creates the market's biggest problem where 50+ launchpads can exist but 50+ launchpads cannot all have deep liquidity.
— ● And liquidity is already starting to make that distinction The first phase rewarded almost anything associated with the Arc launch. The second phase has been much less forgiving. Several early tokens saw sharp drawdowns: • $LIFT: ~$12M to ~$1.4M • $LONG: ~$20M to ~$2M • $MINARA: ~$6M to ~$928K
That does not necessarily mean those platforms are finished. But it does show how quickly launch-week valuations can disconnect from durable demand.
The market initially priced: novelty + attention + scarcity
Now it is beginning to price: users + volume + liquidity retention
That is a much harder test.
— And this is probably where Arc’s launchpad market gets more interesting. The first wave was about how many venues could launch. The next wave will be about how many deserve to survive. Bonding curves will compete with direct liquidity. Social launchpads will compete on distribution. RWA platforms will compete on asset utility. DEX hybrids will try to retain trading activity after launch. And the long tail will fight for whatever liquidity remains.
Because ultimately, launchpads are not scarce rather liquidity is.
The first Arc wave priced attention while the next one will price durability. And that repricing will determine which launchpads become real infrastructure and which ones were simply products of the launch cycle. https://x.com/Mars_DeFi/status/2100559494870893048
## @tashamulti (𝓣𝓪𝓼𝓱𝓪) · 09-17 14:07 · ♥65 ↻1 💬0 The RWA market is getting really interesting on Hyperliquid 👀
Between July 13–19, RWA markets did $25.1B in trading volume …that’s about 52% of Hyperliquid’s total weekly volume.
So this isn’t just about tokenized assets sitting on-chain anymore.
→ Stocks and commodities are being actively traded on-chain → HIP-3 is expanding the types of markets builders can create → Ondo’s tokenized assets are also becoming part of this ecosystem
And with the Fed decision coming up, I’m curious to see how changes in liquidity and market conditions affect this side of crypto.
$HYPE is one of the tokens connected to the Hyperliquid ecosystem.
#BingX #HYPE https://x.com/tashamulti/status/2100587528776511814
## @RWAFoundation_ (RWA Foundation) · 09-17 13:38 · ♥42 ↻7 💬4 RWA Supercycle. 🐘 > 引用 @SECGov: 🚨 TODAY: The SEC issued an order granting temporary, conditional exemptive relief to Tokenized Securities Venues from the definition of “exchange” in the Exchange Act to trade tokenized NMS stock using innovative permissioned automated market makers and liquidity pools. https://t.co/VDi7Oty2d9 https://x.com/RWAFoundation_/status/2100580062017839225