# RWA — X 热门讨论 (2026-09-12 16:00 UTC)
## @cfm_sol (Jeff) · 09-12 10:10 · ♥59 ↻10 💬7 The real problem with Stock + Meme Pairs isn't whether they can generate trading volume, but whether that volume can be sustained.
Meme trading volume is often highly dependent on Attention. As time passes and attention gets fragmented, trading volume can quickly decline, eventually leaving the Pair with little to no liquidity.
So what LONG is really trying to solve may not be “launch more Memes,” but rather connect the liquidity of different Memes across the ecosystem, creating a passive source of trading volume for individual assets.
If different Memes can generate trading paths through a core asset, then a Meme's trading activity no longer depends entirely on its own Attention. It can instead draw liquidity from the broader ecosystem.
And AI may be the core asset LONG is trying to establish.
The biggest difference between AI and a regular Meme is that AI doesn't necessarily have to remain just another asset being traded. It could gradually become a Quote Asset / Liquidity Asset.
For example:AI / Boner
And eventually: AI / Meme A AI / Meme B AI / RWA
Then the trading path could evolve from:Meme → SOL / USDG → Meme
to:Meme → AI → Meme
and even:RWA → AI → Meme → AI → RWA
If this structure can actually form, AI's position within the LONG ecosystem would no longer be that of simply another popular asset. It could gradually become a core liquidity node for the entire ecosystem.
The AI × Boner Pair is an early example worth watching.
This also connects with LONG's recent launch of Pre-IPO Assets such as OpenAI and Anthropic.
Previously, we were looking at:OpenAI / Anthropic → Tokenized Asset → LONG → Trading Volume
Now we can take it one step further:RWA + AI + Meme → LONG → Shared Liquidity
This means LONG's positioning may be gradually evolving from a simple Launchpad into Liquidity Infrastructure / Liquidity Network.
At the same time, the core RWA trading market also fits naturally with RH's positioning.
So when looking at LONG now, I think the real question is no longer:How many Memes can LONG launch?
It's:Can LONG connect AI, Memes, Tokenized Stocks, Pre-IPO Assets and other assets, and create sustained cross-asset trading flows?
If we eventually see:RWA → AI → Meme → AI → RWA
and that path generates real and sustainable trading volume, then LONG could evolve from a Launchpad into a true Liquidity Network.
And AI could become one of the most important core assets within that network.
Or, put another way, if the AI path works, MOO could potentially become another example of a tokenized-stock Meme tied to a specific sector narrative. > 引用 @cfm_sol: The core of LONG posts today is actually very clear: LONG is expanding $AI asset trading from a single trading category into a complete liquidity infrastructure.
0x2e8c31162b855a2ffa90f6f8634643ad6f111e18
LONG recently officially launched Pre-IPO trading pairs for OpenAI and Anthropic, powered by Lighter’s Perps, while also launching AI pairs such as Anthropic1x, OpenAI1x, and NVDA3x.
The most important change here is not simply that there are more trading pairs. It is that the scope of trading is expanding from already-listed Tokenized Stocks into Pre-IPO / private assets.
And the market’s first-day response was very strong.
Nate shared that the OpenAI / USDG pair reached 18M in volume, while Anthropic / USDG reached 14.6M, for a combined volume of around $32.6M. At the same time, around $1M in deposits was added to Lighter.
More importantly, this time LONG was able to keep pool prices much more closely synchronized with NAV.
This means LONG is working on a very important problem: can on-chain trading prices stay as close as possible to the real asset price?
If this continues to improve, these markets could potentially evolve from short-term trading instruments into much larger liquidity markets.
And LONG’s next step is not going to stop at OpenAI and Anthropic.
Nate has already said that they will continue to increase liquidity on the related AI pairs, increase total TVL, and gradually roll out this model to more top pairs on LONG.
So OpenAI and Anthropic are more like the first experimental markets.
If this model works, LONG’s path becomes:More Assets → More Trading Pairs → More TVL → More Trading Volume
rather than simply being focused on two AI companies.
LONG also explicitly stated that the Pre-IPO pairs are still experimental and that they will continue iterating on them.
This means LONG is still at a very early stage.
So personally, I don’t think LONG is trying to take all the market share from RH Launchpads, nor is it simply competing with PONS. Instead, it is more focused on solving the liquidity problem for RWA / Meme Assets.
The launch of OpenAI and Anthropic is a very direct example:Assets get tokenized → LONG provides the trading market → liquidity increases → more assets enter on-chain trading
Therefore, LONG looks more like it is building Liquidity Infrastructure, rather than simply being another Launchpad.
We can already see an increasingly clear path:AI Narrative → OpenAI / Anthropic / NVIDIA and other assets → Tokenized / Leveraged Assets → LONG builds the trading market → Trading Volume + TVL
The fact that OpenAI + Anthropic generated around $32.6M in volume in the first round at least proves that there is real market demand for this new type of asset trading.
Of course, it is still too early to conclude that LONG has succeeded based on this first round of data alone.
The key things to watch are whether NAV and pool prices can remain closely aligned, whether liquidity continues to grow, whether Pre-IPO can expand to more assets, whether AI pairs can continue generating trading volume, and whether LONG can replicate this model across more popular assets.
If these metrics continue to grow, then LONG’s value will no longer simply be that it “launched OpenAI / Anthropic.”
Instead:LONG is attempting to become the trading infrastructure on Robinhood Chain that connects Tokenized Assets, Pre-IPO Assets, and on-chain liquidity. https://x.com/cfm_sol/status/2098715860906954961
## @DucCryptoX (Duc Crypto) · 09-12 13:08 · ♥40 ↻1 💬31 X Layer bắt trend RWA Meme, tung thêm gói kích cầu thanh khoản cho stock token.
Giai đoạn 2 dành 100000 $USDG cho LP từ 18/9-25/9, nằm trong tổng gói $5M công bố từ giữa tháng 8. Cơ chế là ghép pool memecoin với cổ phiếu token hóa thay vì ETH hay stablecoin, ai muốn mua meme bắt buộc phải mua stock token trước, tự tạo volume cho tài sản thực. TVL X Layer đã vượt $160M sau giai đoạn dài trầm lắng.
Cách này biến nhu cầu đầu cơ ngắn hạn thành thanh khoản thật cho RWA, thứ vốn khó hút được nếu chỉ dựa vào nhà đầu tư nghiêm túc. https://x.com/DucCryptoX/status/2098760539250004226
## @PropbaseApp (Propbase) · 09-12 12:30 · ♥41 ↻10 💬3 🎉 1.5 Years of CASSIA Banyan Tree on Propbase Nexus ~9.8% Rental Income + ~18% Appreciation = 27.8% Total Returns in 18 Months
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base:0xd6aaf4d477999fa50c5a1aa35f708862113a73cc #RWA https://x.com/PropbaseApp/status/2098750978262528275
## @bjnpck (Bojan) · 09-12 14:36 · ♥41 ↻0 💬7 I just had the craziest, stupidest, most stressful @ether_fi experience ever.
It goes like this...
Over time, EtherFi became my main card, but I was only depositing whatever I needed for the next couple of weeks. I was, however, aware of their borrowing product, and the spread between borrow (3.8%) and earn (6%) was tempting me.
After upgrading to Luxe and getting $50k account protection, I finally pulled the trigger and deposited 4 $PAXG.
Then I borrowed $12k and deposited it into the LiquidRWA vault, earning 6.2%.
Nice.
But wait... I can borrow more?
Well, yes, because LiquidRWA acts as collateral. So I let the degen in me take the reins and borrowed/deposited another 6k.
My health score was 1.7 - a very healthy number for a gold/USD-backed loan.
Now this is where the trouble started...
Noticing my spendable amount was just $20, I contacted support, where they kindly explained that the RWA vault is not spendable (only LiquidUSD is).
OK. whatever... I’ll just move funds.
>7 day withdrawal period ffs... could have told me before I dumped money into it.
In the meantime, I went out to get some lunch and continued chatting with support.
Only $10k withdrawable, not the full $18k? Right... I’m leveraged.
As I continue my trek toward the lunch place and it starts raining, I press the ominous “Withdraw” button.
A couple of minutes later, I’ve just picked up the meat and am looking for cover from the rain when I check the app again and see a red triangle 🔺
What in the world is this now??
Liqui... LIQUIDATION WARNING!!!!!
Turns out that, unlike borrowing - where the app prevents you from borrowing too much - this safeguard is bypassed when you withdraw from a vault and thereby nuke your collateral.
Now I’m wet like a dog, plastic bag with meat in hand, 15 minutes from home, and about to get liquidated 🫡
As I’m crashing through puddles and trying not to get hit by cars, I write to the support dude:
“Do not fucking liquidate me!”
“I will send funds in 20 minutes aaaaaa”
>ser, this is a different department “WELL GO AND TELL THEM!!!”
I get home, throw the plastic-meat-lunch-bag on the table, and rush to my laptop.
I scramble through the multisig setup and manage to send some XAUT over to improve my health ratio.
A minute passes.
Rain is dripping onto the keyboard from my hair.
2 minutes, then 3...
“I just made a deposit, where is it?”
>it appears you’ve sent an unsupported token... 🤦♂️🤦♂️🤦♂️
In the rush, I forgot to swap XAUT->PAXG which might now just be lost 💀
>you can recover it though "oh thank God..."
Anyway, in the end I recovered the XAUT and topped up my collateral balance. Now I just have to wait 7 days for the withdrawal to process.
Lesson for EtherFi: please improve the UI to clearly highlight long withdrawal periods (before depositing), and liquidation risk when withdrawing funds.
Lesson for CT: be mentally present when making transactions.
Anyway, how’s your Saturday going?
P.S. EtherFi is a great product and I’ll continue using it.
Use my ref link, yo: https://t.co/HCHrpkNjdj https://x.com/bjnpck/status/2098782893875069192