NVDAX’s recent trend is worth looking at separately. $NVDAX current price$198.94, with $12.06 million$ in 24h trading volume and a market cap on the order of $130 million$.
This surge is driven by three lines of force acting at the same time:
1) After Nado spot was launched, trading volume broke records, and the on-chain buy orders are being absorbed reliably;
2) The number of holding addresses has already surpassed 177,000, and the chip distribution structure is spreading toward retail, no longer a closed game among just a few large wallets;
3) It has been accepted by mainstream RWA ecosystems like Mantle as a primary collateral asset—this step is crucial. It means tokenized stocks are not merely "shadow benchmarks," but productive assets that can be used in DeFi for leverage and lending.
For me, the most tangible outcome of the RWA narrative this year is this combination of "traditional blue-chips + on-chain liquidity." There’s no need to say much about Nvidia’s fundamentals. Putting it into the list of on-chain collateral assets is equivalent to injecting a new, high-quality collateral channel into DeFi.
In the short term, there’s room for arbitrage between premium and discount. In the medium term, it depends on how many exchanges are still willing to include the xStock series in mainstream trading pairs.
#RWA #xStock #NVDAX
This surge is driven by three lines of force acting at the same time:
1) After Nado spot was launched, trading volume broke records, and the on-chain buy orders are being absorbed reliably;
2) The number of holding addresses has already surpassed 177,000, and the chip distribution structure is spreading toward retail, no longer a closed game among just a few large wallets;
3) It has been accepted by mainstream RWA ecosystems like Mantle as a primary collateral asset—this step is crucial. It means tokenized stocks are not merely "shadow benchmarks," but productive assets that can be used in DeFi for leverage and lending.
For me, the most tangible outcome of the RWA narrative this year is this combination of "traditional blue-chips + on-chain liquidity." There’s no need to say much about Nvidia’s fundamentals. Putting it into the list of on-chain collateral assets is equivalent to injecting a new, high-quality collateral channel into DeFi.
In the short term, there’s room for arbitrage between premium and discount. In the medium term, it depends on how many exchanges are still willing to include the xStock series in mainstream trading pairs.
#RWA #xStock #NVDAX