# DeFi — X 热门讨论 (2026-09-18 14:59 UTC)
## @Phresh_X (Phresh😌) · 09-18 12:07 · ♥74 ↻20 💬64 Why Should I Be Part of the $Candy Ecosystem? https://x.com/Phresh_X/status/2100919740076044362
## @alephium (Alephium) · 09-18 12:50 · ♥79 ↻33 💬18 🚨 Powfi will launch on Tuesday!
This platform introduces two foundational layers to $ALPH DeFi:
▪️ A CLMM DEX ▪️ A liquid staking layer for ALPH
Together, they create new primitives for liquidity, staking, and capital efficiency on Alephium.
More below 🧵👇 https://x.com/alephium/status/2100930538672709935
## @0xifreqs (IFreqs) · 09-18 14:00 · ♥122 ↻5 💬19 Sui's real product is starting to look less like a token and more like stablecoin plumbing. Since gasless stablecoin transfers went live in June, the network has moved more than $65B through them in two months, on top of over $1T in cumulative stablecoin volume and it just partnered with Daya to push gasless stablecoin payments across Africa.
★ The roadmap doubles down: a native gasless stablecoin ( USDsui), @DeepBookonSui v3 with on-chain margin trading, and privacy-by-default are all queued behind that, with Basecamp in October as the likely stage.
The honest counterweight is capital: DeFi TVL has cooled from a roughly $1B July peak to about $470M, and chain-level fees remain tiny, so the market is not yet paying for the settlement story.
★ $SUI trades near $0.80, up about 10% today but still 85% below its January 2025 high, which is the gap between what the chain is being built to do and what the token reflects.
If stablecoin flow and gasless payments keep compounding into real fee revenue, @SuiNetwork stops being a speculative alt-L1 and starts looking like settlement infrastructure. The next metric to watch is stablecoin transfer volume and fees, not TVL headlines.
The broader signal is that Sui is quietly betting its future on being the cheapest place to move a dollar. https://x.com/0xifreqs/status/2100948010507116796
## @SeniorDeFi (Senior 🛡🦇🔊) · 09-18 13:21 · ♥75 ↻0 💬36 Tokenizing the stock is starting to look like the easy part.
Nearly $3B of tokenized equities are now distributed, but only ~$202M is actually being used across DeFi: less than 7%.
That gap made me think.
Bringing an equity onchain changes the settlement rail… but it doesn’t automatically create a new financial market around it.
The real unlock comes when these assets can function as productive collateral, sit inside lending markets, provide liquidity, or be composed with other protocols without constantly exiting back to traditional rails.
The next milestone for tokenized stocks?
Probably won’t be another $1B issued but how much of the existing supply DeFi can actually make useful. > 引用 @Delphi_Digital: Tokenized stocks are arriving onchain faster than DeFi can put them to work.
The value of distributed tokenized stocks is approaching $3B after growing nearly tenfold since the start of 2025. Securitize's SECZ is the largest individual tokenized stock by value. Strategy and Circle account for three of the next four largest products.
Use of tokenized stocks in DeFi remains limited. Deposits grew from almost nothing in mid-2025 to roughly $202M by early September, but they represent less than 7% of total tokenized-stock value. Most of that capital is concentrated in trading pools and early lending markets.
Trading and lending give investors ways to use tokenized stocks without moving their capital back through traditional markets. Keeping that capital onchain can support deeper markets and tighter pricing.
The next phase will depend less on how many stocks are tokenized and more on what investors can do with them once they arrive. https://x.com/SeniorDeFi/status/2100938298898231589
## @graildoteth (Grail.eth) · 09-18 10:15 · ♥71 ↻6 💬10 I've seen a lot of action in some of the new DeFi protocols ($PARE and $NOTE, for example).
It's great to see the infra thesis starting to playing out on RHC.
There are definitely some mispriced assets right now if you look around.
$EARN has a TVL of 1.4M and sits at ~3.3M FDV, down about 50% from its ATH a week ago. The developer ships new features weekly.
Yes, this is not as 'sexy' as some of the more flashy new DeFi protocols. But it's valuable, and imo it will inevitably experience TVL expansion as tokenized equities grow on RHC.
It's the only protocol that offers significant yeild just by depositing your onchain equities into one of the omni pools (or an automatically managed pool).
They are building a new DeFi primitive with the Omnipools, which shares liquidity between multiple assets
The addition of leveraged omni pools to increase yeild adds even more optionality for yeild.
With the recent bullish news about the SEC innovation exemption onchain equities, it's clear that the tokenized RWA market is going to see huge growth. And $EARN, as the yeild layer, is poised to benefit.
The dev is shipping rapidly, and the project sits at the heart of this cycle's strongest narrative. I think the market cap will reprice soon. I find it strange that the price has dipped given the rise of other protocols tied to tokenized stocks, but it also means you can get a good deal.
I've got a very large bag of $EARN, but I bought more here at this market cap because it's so mispriced increasing my position.
I've bought in at 1.5M, 2M, 3M, 5M, and even 6M. So I'm probably just a little bit over my cost, given the capital invested between 3-6M.
But I feel these buys will look cheap in some weeks and months, when @EARNONHOOD is sitting at 30 to 100M cap and is the number one yeild protocol on RHC, with 9 and even 10 figures of TVL locked into the protocol.
We are still early here. https://x.com/graildoteth/status/2100891516311109701