# RWA — X 热门讨论 (2026-09-19 08:59 UTC)
## @VIK_Degen (VΞK ⌬) · 09-19 05:59 · ♥49 ↻7 💬39 Gm builders
Injective just made a major move into Solana 🥷⚡️
$INJ is now live as a native SPL token through Sunrise, giving Solana users a much easier way to access and use INJ without the usual cross chain friction.
Phantom has also verified INJ, meaning users can now hold, send, swap and interact with $INJ directly through one of the biggest wallets in the Solana ecosystem.
The integrations are already starting to build:
• Raydium liquidity for INJ pairs • Jupiter swaps now live • Meteora supporting INJ markets • More wallet and DeFi integrations on the way
What makes this interesting is that Injective isn’t simply adding another chain to its list.
$INJ is gaining access to Solana’s users, liquidity and DeFi infrastructure, while Solana users get a simpler gateway into Injective’s growing onchain markets and RWA ecosystem.
From trading to tokenized assets, this creates more ways for $INJ to actually be used across ecosystems.
@injective × @solana is just getting started.
The liquidity and user activity that can come from this could make the next phase very interesting. 🥷 > 引用 @injective: BREAKING: INJ is now available and verified on @phantom, the most popular wallet in the Solana ecosystem.
Hold, trade, leverage, and swap $INJ directly through your browser wallet or mobile app. https://t.co/QXUvlKf4Ku https://x.com/VIK_Degen/status/2101189508809007231
## @Kaffchad (Kaff 📊) · 09-19 04:01 · ♥67 ↻6 💬20 If you only look at the RWA perp chart, the obvious take is just numbers go up bc ppl wanna trade stocks, indices, metals, FX etc on crypto rails.
But not many ppl know onchain RWA trading just hit its second real phase.
First we tokenized the asset. Then crypto did what crypto does and wrapped the price into perps.
Now venues are realizing neither is enough if you actually want TradFi-sized flow to live onchain.
– $0.8B monthly volume in Oct 2025 to $147B at the July peak
– share of all onchain perp volume went from 0.06% to 12–15% now
– $4.9B of RWA perp OI
– TradeXYZ + Variational controlling almost 90%
Most of that growth is still what I’d call phase 1: take the crypto perp machine and point it at stocks, gold, oil, indices, FX and pre-IPO names.
24/7 CLOB + oracle + leverage + premium-based funding, with crypto MMs carrying inventory and hedging somewhere else.
Works insanely well for bootstrapping markets, but problem is the underlying assets aren’t BTC lol.
Stocks sleep, exchanges close on weekends, dividends exist, financing has a real cost and a $5M gold position probably shouldn’t depend on whether CT apes are overcrowded long that hour.
So how does onchain RWA perp trading evolve?
– @trade_xyz / HIP-3 proved that permissionless markets + a fast CLOB + unified margin can create new markets faster than TradFi ever will.
HIP-3 became the RWA liquidity gravity well onchain and today TradeXYZ still sits at $3.9B OI, $1.7B daily RWA volume, ~73% of tracked DEX RWA OI.
– @variational_io’s new swaps are designed to bring a TradFi-style financing relationship into an onchain wrapper.
OLP becomes the counterparty through RFQ, prices the trade, then hedges the risk through CEXs, DEXs, OTC and TradFi liquidity.
The first 5 swap markets were US100, US500, XAU, XAG and USOIL and they already did ~$3.8B volume with a $245M OI peak.
– @qfex takes the CLOB route but simply turns funding off when the underlying cash market isn’t giving it a reliable reference.
It still offers 24/7 trading, but doesn’t pretend a Saturday equity position needs to play the same crypto-style financing game all weekend. Already has $212M RWA OI across 171 markets.
– @Lighter_xyz’s main RWA book is $101M OI across 76 markets, but its Robinhood instance did ~$5B volume in August, crossed $200M OI with 21k+ accounts and >70% of that OI was RWAs.
Tells me brokerage distribution can bootstrap an RWA venue in a way a standalone DEX probably can’t.
– @OndoPerps is trying to turn the RWA itself into the balance sheet by letting tokenized stocks be posted as collateral for equity/commodity perps.
Still small at $78M OI / 45 RWA markets, so the numbers haven’t caught the thesis yet.
Phase 1 was about proving ppl want the exposure. Phase 2 is about fixing everything underneath it like liquidity, funding, collateral, market hours, hedging and distribution.
Making the whole market around it work onchain is the actual game now. https://x.com/Kaffchad/status/2101159839233966138
## @Hash_hopes (Hash) · 09-19 08:03 · ♥50 ↻17 💬10 hey fam,
compliance hooks are now live on Uniswap V4 on robinhood.
this is the first ever compliance hook to go live ever in the ecosystem.
this hook (PrismPermissionedHook) is built for restricted assets only and we manage the trusted routers to enforce who can trade and to check and verify eligibility.
we know that there's another good project building around V4 hooks(i love them) and we are building different things.
their hooks are for market mechanics for memecoins mostly and our hook is a compliance gate.
their customer is a token creator and our customer is an issuer of a restricted asset.
please understand this point clearly and know the difference between them because i dont want to affect other great projects and builders. (again i love what they're building)
SEC described the scenario two days back and we shipped the infrastructure for it with V4 hooks and permissioned DEX.
prism will be the go to place for everything for all the RWA issuers soon.
tokenized assets on prism.
permissioned and permissionless DEX on prism.
small business tokenization on prism.
social trading of RWAs on prism.
lets build!
https://t.co/dn5g1L59qt > 引用 @prismassets: Prism hooks for permissioned tokenized assets.
The first-ever compliance hook is now live on Robinhood via Uniswap v4. https://t.co/0UUhhmTjPO https://x.com/Hash_hopes/status/2101220614661103808
## @Crypto_peet (Cryptopeet) · 09-18 23:02 · ♥42 ↻16 💬5 This is where the $HOOKR thesis starts getting ridiculous in scale.
The SEC just created a temporary framework specifically allowing certain tokenized U.S. stocks to trade through permissioned AMM liquidity pools on public blockchains. That’s more specific than simply “RWA got the green light,” but the direction is enormous.
Now think several steps ahead.
If TradFi assets increasingly move onchain and AMMs become part of that infrastructure…
Who builds and manages the logic around all those pools?
Compliance rules. Dynamic liquidity. Trading restrictions. Oracle logic. Arbitrage recapture. Lending. Collateral. Automated rebalancing. Crosschain liquidity. Agent execution.
You could build every mechanism independently for every asset, protocol and chain.
Or you build a modular programmable-market layer where developers create financial logic once, projects plug it in, and builders earn when their infrastructure gets used.
That’s why $HOOKR gets so interesting to me.
Not “a launchpad with cool hooks.”
Potentially:
a multichain marketplace + infrastructure layer for programmable AMMs.
TradFi/RWAs bring the assets. Uniswap v4 provides the programmable primitive. Developers build the modules. Hookr potentially becomes the distribution/composition layer. OpenZaps/agents automate the capital flows.
And the SEC’s new framework explicitly requires things like auditable public smart contracts, permissioned participant access and trading stoppages alongside AMM liquidity, exactly the kind of complexity that makes modular market logic an interesting design direction.
That’s the long-term bull thesis.
Not millions. Billions in potential infrastructure value if it actually captures meaningful adoption.
We’re talking about potentially helping program the markets that trillions of dollars of assets could eventually interact with.
$HOOKR to billions isn’t my thesis because “number go up.”
It’s my thesis because the addressable market may have just become orders of magnitude larger. 🪝 > 引用 @Crypto_peet: WHAT IF robinhood:0x18e674231a58c239dc7daedcffe15ec3a24cff5c WAS KICKED OFF WITH UNISWAP ALL ALONG? 👀🦄
Okay. Full tinfoil hat mode.
What if robinhood:0x18e674231a58c239dc7daedcffe15ec3a24cff5c wasn't simply some random project that discovered Uniswap v4 hooks and decided to build around them?
What if the idea was kicked off together with people around Uniswap to solve v4's biggest challenge: adoption?
I have zero proof of this. Pure speculation.
But follow the breadcrumbs.
Uniswap launches v4.
Its superpower is hooks: developers can finally program custom behavior directly around liquidity pools.
Incredible primitive.
But primitives don't distribute themselves.
For hooks to truly explode, Uniswap needs developers actually building, discovering, auditing, composing and integrating them into real markets.
Essentially, v4 needs an application + distribution layer.
Now enter @NodarJ .
This isn't some random developer discovering DeFi yesterday.
His story goes back to DeFiZap in 2019: simplifying complicated DeFi actions into Zaps.
That eventually became part of Zapper.
Then years later he comes back with OpenZaps.
Same fundamental obsession, but upgraded for the next era:
programmable, bounded automation for onchain capital.
And THEN robinhood:0x18e674231a58c239dc7daedcffe15ec3a24cff5c appears.
This is where my tinfoil hat starts glowing.
What if OpenZaps was the underlying automation foundation…
…and Hookr was the vehicle designed to bring that technology directly into Uniswap v4 markets?
Suddenly you have:
UNISWAP v4 ↓ programmable liquidity primitive ↓ OPENZAPS ↓ programmable execution / automation ↓ robinhood:0x18e674231a58c239dc7daedcffe15ec3a24cff5c ↓ distribution + modular hooks + Analyzer + marketplace + integrations ↓ PROGRAMMABLE MARKETS AT SCALE
And now Hookr isn't staying a launchpad.
It's pushing into existing assets, RWAs, other launchers, external builders and multichain markets.
That is EXACTLY where this gets crazy.
Because Hookr could potentially become an enormous adoption engine for Uniswap v4 itself.
Every Hookr integration = another reason to use v4.
Every developer building a hook = more v4 functionality.
Every existing asset opening a programmable market = more v4 liquidity.
Every chain Hookr expands to = another distribution surface.
And OpenZaps potentially sits underneath the bigger automation story.
Hookr proves the PMF.
Then other apps plug in.
Then AI agents plug in.
Then you get cross-hook automation.
One market triggers actions in another market.
One Zap coordinates multiple protocols.
Eventually capital potentially moves across markets and chains according to predefined rules, increasingly executed by autonomous agents.
Now zoom ALL the way out:
Uniswap = settlement/liquidity primitive
robinhood:0x18e674231a58c239dc7daedcffe15ec3a24cff5c = programmable market + distribution layer
#0xZAPS = automation/execution layer
AI agents = autonomous users of the entire stack
That's not another launchpad.
That's a possible architecture for DeFi 2.0.
So...
Did @haydenzadams call @NodarJ and say:
"We built v4. Now help us make hooks actually take over DeFi."
😂 I have absolutely zero evidence that happened.
That's the conspiracy.
But here's what makes the thought experiment so interesting:
If Hookr succeeds, Uniswap gets the v4 adoption engine regardless of whether anyone secretly planned it.
And if OpenZaps becomes the automation layer connecting those programmable markets...
The end result could look surprisingly similar to the conspiracy anyway.
Maybe we're not watching robinhood:0x18e674231a58c239dc7daedcffe15ec3a24cff5c and #0xZAPS build on Uniswap v4.
Maybe we're watching the missing layers that could help Uniswap v4 become DeFi 2.0. 🦄🪝⚡ https://x.com/Crypto_peet/status/2101084387211415587
## @0xAltKing (The Altcoin KING) · 09-19 07:21 · ♥43 ↻2 💬29 Vision Chain is putting its economic flywheel into motion 👀
The updated $VSN White Paper is now live, bringing several important changes around Vision Chain and its token economics.
Vision Chain is being built as an Ethereum L2 using the OP Stack, with eligible users able to pay network fees in VSN through paymaster infrastructure.
The bigger update, however, is the value flow around $VSN.
10% of net sequencer revenue attributable to the VISION web3 Foundation will be directed through smart contracts toward periodic open-market VSN buybacks.
And the first one is already planned.
The Foundation has committed €2M to its first-ever VSN buyback, scheduled between September 1 and December 31, 2026.
The model is simple:
Products create usage → usage generates revenue → a portion of that revenue is directed toward VSN buybacks → bought VSN goes into the Foundation treasury.
Also, the Annual VSN emissions have also been reduced from around 5% to 2.5%, while quarterly burns remain part of the supply model.
Put all of that together, Vision Chain is moving another step closer to putting its economic model into practice.
And with Bitpanda's 7M+ European users and Vision Chain's focus on regulated onchain finance and RWA tokenization, $VSN has plenty to watch as the ecosystem enters its next phase.
The updated White Paper is here: https://t.co/ESQSQO2t1i
And the €2M buyback announcement:
https://t.co/uD9U2E3gnI > 引用 @vsntoken: It’s time to get the flywheel spinning.
The VISION web3 Foundation hereby announces our first-ever token buyback. We will conduct a buyback of €2,000,000 between September 1st, 2026 and December 31st, 2026.
For more details regarding this disclosure of insider information, please check out: https://t.co/uQfzgipPj0, as well as our dedicated blog article: https://t.co/qgcsEpxIrl https://x.com/0xAltKing/status/2101210173113094508
## @0xTindorr (Tindorr 🌯) · 09-19 08:32 · ♥54 ↻4 💬6 I think a new phase of @pendle_fi has quietly started.
The latest NGI+ market is the signal.
Pendle just brought Partners Group’s Next Generation Infrastructure strategy onchain through Asseto.
NGI+ gives exposure to a private infrastructure strategy spanning 500+ underlying assets across data centers, power grids, energy infrastructure, transportation and other essential infrastructure.
Since February 2024, the underlying strategy has returned 48.8% net, with reported volatility below 2.5%. Its long-term target is closer to 10-12% annualized net returns.
What interests me is what happens after an asset like this comes onchain.
Asseto already handles the tokenization layer.
Pendle then takes that financial product and separates its principal from its future return, creating PT and YT markets that can be priced and traded independently.
That distinction matters.
Tokenization makes the asset exist onchain. Then, Pendle makes its future return tradable.
And NGI+ increasingly looks like part of a broader pattern rather than an isolated RWA experiment.
We’ve already seen Pendle expand from crypto-native yield into Treasuries, private credit, tokenized equities and now private infrastructure.
That’s the shift I’m watching.
The first phase of Pendle was about creating markets around crypto yield.
The next phase looks increasingly like creating markets around financial assets that happen to be moving onchain.
Much more interesting than simply “another RWA listing.” https://x.com/0xTindorr/status/2101227857414688961
## @ZSYeax (ZSY) · 09-19 05:14 · ♥43 ↻7 💬4 The market is pricing $PAIR at $5M. I think that’s the mistake.
$PAIR touched ~$0.007 this morning.
Now we’ve seen a pullback toward the $0.0055 area, putting the market cap back around $5M.
And honestly, I’m much more interested in PAIR here than I am chasing a vertical green candle.
Because while price moves up and down, the fundamentals underneath PAIR keep getting stronger. 🍐
Let’s look at what is actually happening.
🔥 The burn continues
PAIR recently reported 10.89% of the total supply burned.
Current onchain data now shows roughly 116.7M $PAIR sitting in the burn address — around 11.67% of the original 1B supply.
That means millions more PAIR have effectively disappeared from supply since the latest snapshot.
This is one of the reasons I continue watching the project closely.
The important part isn’t just that tokens are being burned.
It’s the flywheel behind it:
More launches → more trading → protocol revenue → buybacks → more $PAIR burned.
And PAIR already reported:
→ $120M+ all-time volume → 2,400+ launches → $320K+ in buybacks → 11%+ of the original supply already burned
For a project still sitting around a ~$5M market cap, those numbers are worth paying attention to.
But there’s another reason I’m bullish on the direction PAIR is taking:
PancakeSwap Infinity. ♾️🥞
PancakeSwap has now confirmed that Infinity is the default graduation platform for PAIR.
PAIR has also begun integrating PancakeSwap Infinity into its Swap Router and aggregator.
This is important.
PAIR is no longer trying to be just another place to launch a token.
It is building infrastructure where new assets can launch against tokenized stocks and ETFs on Robinhood Chain — and then connect into one of the biggest liquidity infrastructures in DeFi.
Think about the stack:
Robinhood Chain ↓ Tokenized Stocks & RWAs ↓ PAIR creates the markets ↓ PancakeSwap Infinity provides deeper trading infrastructure ↓ More users ↓ More volume ↓ More protocol activity ↓ More potential $PAIR buybacks & burns
That is the thesis.
And the team is still shipping.
More stock assets.
Better routing.
Creator-fee delegation.
Smart-contract verification.
Further integrations.
And apparently, even more announcements are still coming.
So when PAIR runs from ~$0.004 to ~$0.007 and then pulls back, I’m not surprised.
This is still a tiny-cap token. Volatility is part of the game.
Personally, I find the pullback far more interesting than chasing the morning spike.
At around a $5M market cap, PAIR is still extremely small relative to the opportunity it is trying to capture.
If tokenized stocks and RWAs continue moving onchain…
If Robinhood Chain keeps attracting liquidity and builders…
And if PAIR establishes itself as one of the places where new markets on Robinhood Chain are created…
then I think today’s valuation could look very different in the future.
The thesis hasn’t changed.
PAIR the world. 🍐
And one more thing:
We’re building a $PAIR Telegram community, and we’ve already grown to 400+ members.
This isn’t just a price-chat group.
We want builders, holders, researchers, creators and anyone who genuinely believes in the PAIR ecosystem.
If you’re bullish on the future of:
🍐 $PAIR 🥞 PancakeSwap Infinity 📈 Tokenized Stocks 🏦 RWAs 🟢 Robinhood Chain
come build with us.
Telegram: https://t.co/od7Y4aOLLE
The stronger the community becomes, the stronger the ecosystem becomes.
We’re early. We’re building. And we’re not going anywhere.
$PAIR 🍐
CA: 0x6b1d42927b1a84ec28fa88d4fc6fa7af404966be
#PAIR #RobinhoodChain #PancakeSwap #RWA #DeFi #Crypto
DYOR. Low-cap crypto assets are highly volatile. https://x.com/ZSYeax/status/2101178039124250624