【Is the copycat season here? This time I’m paying more attention to on-chain stocks】
Last night’s market was actually quite surreal.
The CLARITY Act didn’t pass, and there’s pressure on the macro front, but then a message the SEC released afterward directly lit up the on-chain stocks narrative.
The SEC issued a 5-year Innovation Exemption.
In simple terms:
In the future, qualifying real U.S. stocks can be tokenized, moved onto public blockchains, and traded through licensed AMM liquidity pools.
Why is this important?
Because in the past, the AMM game we’ve been playing was mostly:
ETH, stablecoins, altcoins, and memes.
In the future, it may start trading:
NVDA, TSLA, AAPL, SPY...
In other words, DeFi is trying to take one step away from the “casino inside crypto” and toward traditional finance trading infrastructure.
This is also why last night $UNI was immediately repriced by incoming capital.
So right now, I’m not just focused on $UNI.
PONS, AI, STONK, and other on-chain stock launch/trading infrastructure are also starting to see capital moving around.
But I have one principle when choosing projects like this:
A story can mislead people, but data is hard to mislead for the long term
Last night’s market was actually quite surreal.
The CLARITY Act didn’t pass, and there’s pressure on the macro front, but then a message the SEC released afterward directly lit up the on-chain stocks narrative.
The SEC issued a 5-year Innovation Exemption.
In simple terms:
In the future, qualifying real U.S. stocks can be tokenized, moved onto public blockchains, and traded through licensed AMM liquidity pools.
Why is this important?
Because in the past, the AMM game we’ve been playing was mostly:
ETH, stablecoins, altcoins, and memes.
In the future, it may start trading:
NVDA, TSLA, AAPL, SPY...
In other words, DeFi is trying to take one step away from the “casino inside crypto” and toward traditional finance trading infrastructure.
This is also why last night $UNI was immediately repriced by incoming capital.
So right now, I’m not just focused on $UNI.
PONS, AI, STONK, and other on-chain stock launch/trading infrastructure are also starting to see capital moving around.
But I have one principle when choosing projects like this:
A story can mislead people, but data is hard to mislead for the long term