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flux

Conflux co-founder questions the authenticity of the data stating "the total value of RWA assets reaches 410 billion USD": RWA.XYZ exaggerates its scale by "fabricating data"

Conflux co-founder Forgiven stated on the X platform that the widely circulated data claiming "the total asset value represented by global RWA is 410 billion USD" is seriously misleading, stemming from a recent artificial adjustment in the metrics by the RWA data website RWA.XYZ.Before the revision of RWA.XYZ, the total asset scale of the RWA industry was approximately 30 billion USD, but after the revision, it suddenly inflated to 410 billion USD. The main reason for this is that the website introduced two new statistical metrics:Reported Asset Value: Assets that issue digital certificates only in private chains or closed systems, but have not undergone actual on-chain transfers or distribution, currently amounting to approximately 410 billion USD;Distributed Asset Value: RWA assets that are actually distributed to investors through public chains, DeFi protocols, or exchanges, currently amounting to approximately 18 billion USD.Forgiven pointed out that about 91% of the currently hyped 410 billion USD data comes from assets issued on the private chain Canton, while about 14 billion USD comes from Figure's home equity line of credit (HELOC) products issued on its self-developed private chain Provenance. These assets have almost no direct relationship with the crypto market and are merely "private chain accounting tokens." The Distributed Asset Value (18 billion USD) better reflects the true demand structure of the RWA industry.He also warned against blindly believing Wall Street narratives or "authoritative data platforms," suggesting that some data platforms, after gaining crypto traffic and benefits, have turned to cooperate with capital to package narratives, misleading market perceptions, and called for vigilance regarding the recent hype around RWA concepts in the Hong Kong stock market.
2025-12-19

Fluxion DEX officially launched on the Mantle mainnet, focusing on RWA spot liquidity infrastructure

Fluxion Network, the native full-stack decentralized exchange (DEX) of Mantle, has officially launched on the Mantle mainnet. Fluxion focuses on building infrastructure for spot trading, targeting real-world assets (RWA) and asset-backed token scenarios, and is committed to enhancing the capital efficiency, trade execution quality, and transparency of on-chain spot markets.As a spot DEX natively built on Mantle, Fluxion does not pursue multi-track expansion but instead focuses on asset-oriented spot liquidity and long-term market development, serving the on-chain trading needs of RWA and structured assets. The core spot architecture includes: AMM V2 pools, which support efficient spot trading of stablecoins and volatile assets; AMM V3 concentrated liquidity mechanism, which improves LP capital efficiency and reduces slippage; and an RFQ order book execution model (coming soon), which combines on-chain order logic with quote execution to accommodate larger-scale, asset-sensitive trades.As Mantle continues to advance the RWA and asset on-chain ecosystem, Fluxion plans to serve as the core spot liquidity and price discovery layer within the ecosystem, providing scalable trading and liquidity support for Mantle native projects. Currently, Fluxion supports ecosystem assets including SCOR, demonstrating its capacity to handle real assets and production-grade liquidity. Moving forward, Fluxion will continue to optimize the spot market structure, advance the launch of the order book execution module, and deepen integration with Mantle ecosystem projects, gradually building a core spot trading hub focused on RWA.

Trump's support for cryptocurrency triggers a chain reaction, with a large influx of radical crypto companies entering the stock market

According to The New York Times, as U.S. President Trump openly embraces cryptocurrency, his policies and personal statements are profoundly changing the structure of the U.S. capital markets. A large number of new public companies centered around crypto assets are rapidly emerging, while also amplifying market risks.Trump claims to be the "first crypto president." After taking office, he terminated the previous strict regulations on the crypto industry, promoted pro-crypto legislation, and publicly endorsed crypto investments multiple times, even launching a meme coin named TRUMP himself. This series of actions has quickly brought the previously marginal crypto industry into the mainstream financial system.Against this backdrop, more than 250 public companies have already begun to incorporate cryptocurrencies into their balance sheets this year, amassing large amounts of Bitcoin and other digital assets to attract investor attention. Some companies even lack mature core businesses, with their primary "business model" being to hold crypto assets and bet on their price increases.Analysts point out that, unlike previous crypto bull markets that were mainly limited to exchanges and retail investors, under Trump's policy push, crypto risks are spreading to a broader range of investors through the stock market. The tightening of regulations, the strengthening of political endorsements, and the structural "cryptoization" of public companies are prompting investors to take on higher volatility and valuation risks.

QCP: The influx of institutions drives the altcoin season, with ETH expected to become the next main player

ChainCatcher message, QCP Capital stated in its released market weekly report that several altcoin season indicators have surpassed 50, reaching the highest level since December of last year. Additionally, the open interest of ETH perpetual contracts has jumped from $18 billion to $28 billion in just one week, marking the possible official start of the altcoin season.QCP pointed out that the leaders of this cycle are institutional investors, benefiting from the clarity brought by the GENIUS Act regarding stablecoin regulation. Corporate finances have begun to increase their holdings in L1 public chain tokens such as ETH, SOL, XRP, and ADA, similar to the role of BTC in Strategy and Metaplanet's financial configuration.If ETH gains SEC approval for its spot ETF in the coming months, it could attract funds from the BTC ETF to ETH, further releasing profit potential. In fact, last week the daily net inflow of ETH spot ETF surpassed BTC for two consecutive days, indicating a surge of institutional interest in ETH, and BlackRock also holds confidence in its staking ETH ETF.Additionally, the call spread trading in the ETH options market is active, with significant positions established in call spreads expiring in September and December, highlighting the market's optimism for the fourth quarter.Currently, BTC's market dominance has fallen from 64% to 60%, while ETH's market share has risen from 9.7% to 11.6%. If this trend continues, a new round of altcoin season may have already begun. QCP stated that it will continue to monitor relevant signals and provide timely updates.
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