# Ethereum — X 热门讨论 (2026-10-02 13:40 UTC)
## @ZypherHQ (ZYPHER) · 10-02 09:53 · ♥453 ↻159 💬328 If you haven't played on @metawin yet and want to try it out listen up
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that means you can deposit $1000 and play with $2000 meaning you can wager more and win more
make your first deposit today and comment your User ID, i'll send $200 to one of you! https://x.com/ZypherHQ/status/2105959340863590659
## @pieverse_io (pieverse) · 10-02 09:04 · ♥203 ↻63 💬28 Your Agent just landed on Soneium. ⚡️
We’ve teamed up with @StartaleGroup to bring Startale App users into the Pieverse Agent experience.
From Oct 2–10, join Startale through Pieverse, fund your account, and put your assets to work in an eligible Startale Vault.
Complete the campaign to unlock:
⭐ 100 STAR Points 🐾 7 days of Purr-Fect Claw
To qualify:
• Create a Startale App account through Pieverse • Fund your account with $5+ • Deposit $5+ into an eligible Earn or LP Vault • Hold your deposit for at least 5 days
Purr-Fect Claw now also supports @soneium, the Ethereum Layer 2 by Sony Block Solutions Labs. Every campaign Agent comes with Soneium support out of the box, letting you interact with the Soneium ecosystem directly from chat across LINE, KakaoTalk, Telegram, WhatsApp, and more.
Start with Startale. Meet your AI Agent.
Get started: https://t.co/GpRTZgyErJ https://x.com/pieverse_io/status/2105947139197239619
## @crypto_bitlord7 (Crypto Bitlord) · 10-02 11:58 · ♥229 ↻16 💬79 Everything is giga sending. Shorts are being desecrated.
You have to be insane to be shorting anything right now https://x.com/crypto_bitlord7/status/2105990760659116455
## @cryptogems555 (Crypto GEMs 📈🚀) · 10-02 12:26 · ♥220 ↻26 💬41 WEEKEND PUMP
🔥🔥🔥🔥 https://x.com/cryptogems555/status/2105997927688622549
## @trenchbet (TRENCH BET) · 10-02 09:27 · ♥238 ↻28 💬17 if he made $100k, someone lost $100k 😥 > 引用 @MINHxDYNASTY: breaking down my $4k ➤ $100k trade
(ethereum:0x4e67db19044549ff420860834c91b45bad298722) https://t.co/h6mbx0SZ31 https://x.com/trenchbet/status/2105952877411758216
## @WorldOfMercek (Mercek) · 10-02 10:38 · ♥208 ↻11 💬55 Tokenized equities have crossed $4.4B, but their real story is shifting from issuance to DeFi flows.
Equities generated 93% of August RWA spot volume, pulling DEXs, oracles and lending markets into the stack.
Here’s where tokenized equities are actually moving across the DeFi stack.
— — —
► Small market, high activity
Tokenized equities sit at $4.43B, just 0.0029% of the $151.9T listed-equity market.
But trading activity is already significant:
> $12.6B August spot volume > $72.4B August perps volume > $29.5B 30D transfer volume, +415% > 93% of August RWA spot volume
Equities are only 8–13% of RWA value, but account for most RWA spot activity.
— — —
► The market is becoming a flow business
Issuers capture the initial distribution, but most activity happens further down the stack:
Issuer → Token → DEX → LPs → Oracle → Lending → Collateral → Leverage
A tokenized stock can generate fees across multiple layers as it moves through DeFi.
That makes distribution, liquidity and composability more important than tokenized supply alone.
— — —
► Where the equity sits vs. where volume trades
A few issuers hold most of the equity supply, but activity is spreading across different venues.
> @Ondo : ~$1.26B stock TVL > @xStocksFi : ~$35–40B cumulative volume > @bstocksfinance : >$30B cumulative volume > @coinbase : >$1B DEX volume on Base > @RobinhoodApp : $10.4B 30D volume
— — —
► Tokenized stocks are entering lending markets
Aave and Morpho are adding tokenized equities as collateral, but current lending demand remains small.
> @aave : ~$29M initial collateral cap > @Morpho : ~$104K initial supplied liquidity > @aave : @chainlink 24/5 pricing > @GHO borrowing is the next step
The small caps reflect a key issue. Equities trade 24/7 on-chain, while the underlying market does not.
— — —
► DEXs are already capturing the flow
The issuer creates the asset, but DEXs capture the trading activity around it.
> @base → @aeroxyz : 85–97% share of Coinbase stock-token volume > @BNBCHAIN → @PancakeSwap : ~$5.5B stock volume > @solana → @Raydium : >$1B xStocks volume in 30D > @ethereum → @Uniswap : ~60% of a $20.9B 30D volume cut
The venue capturing the flow can matter more than the issuer creating the token.
— — —
► Oracles become core infrastructure
Tokenized equities need reliable pricing once they enter collateral and derivatives markets.
> @chainlink : @coinbase B20 and Aave Equities Hub, with 24/5 feeds > @PythNetwork : @xStocksFi, @Nasdaq Basic and 24/7 equity markets > August equity perps: $72.4B > August equity spot: $12.6B
Perps already trade ~5.7x spot volume, making oracle infrastructure increasingly important.
— — — The @SECGov’s September 17 exemption creates a path for tokenized NMS stocks to trade through regulated AMM venues.
US access could expand the market, while pushing more equity flow toward on-chain venues and DeFi infrastructure.
The next question is where that flow settles, and which protocols actually capture the economics. https://x.com/WorldOfMercek/status/2105970720794689808