Tokenized securities scale breaks through $1.1 billion, taking nearly 30% of the share across the entire network. On the surface, it looks like a fundamental win—but I advise you not to rush in chasing the price.
When you turn over the hidden cards, everything is just static accumulation from the issuing side: while the holder addresses have surpassed 1.8 million, there’s essentially no secondary-market liquidity. As for mainnet Gas usage, it’s negligible.
On-chain, the real market temperature has already gone cold. The leverage lending/borrowing ratio has been steadily falling; the growth rate of liabilities has already turned negative—there’s no appetite among market participants even to borrow money to go long.
Without sustained trading activity and burn support, this “prosperity” on paper is, in essence, valuation overextension. This kind of puffy valuation that can’t be propped up by buy-side demand will fall—only a matter of time.
#BNB
When you turn over the hidden cards, everything is just static accumulation from the issuing side: while the holder addresses have surpassed 1.8 million, there’s essentially no secondary-market liquidity. As for mainnet Gas usage, it’s negligible.
On-chain, the real market temperature has already gone cold. The leverage lending/borrowing ratio has been steadily falling; the growth rate of liabilities has already turned negative—there’s no appetite among market participants even to borrow money to go long.
Without sustained trading activity and burn support, this “prosperity” on paper is, in essence, valuation overextension. This kind of puffy valuation that can’t be propped up by buy-side demand will fall—only a matter of time.
#BNB