Tokenization is eating traditional finance. Since April over 1 Trillion Dollars of RWA volume have traded through centralized and decentralized crypto exchanges. Now you can see the flows down to the wallet on the all new Rwa-markets.xyz website.

Solana has and will continue to be the major liquidity for tokenized stocks Across the 10 liquid tokenized stocks/ETFs found on @RefractionRWA Solana accounts, they account for roughly 38% of their ~$76M in combined DEX liquidity, around $29M. For individual assets, Solana's share gets even crazierr: → STRC: ~100% → MU: ~74% → SPY: ~70% → QQQ: ~38% → CRCL: ~38% So all tokenized equities are coming to Solana, and a significant chunk of their actual DEX liquidity is already flowing in Solana. Shoutout to @zinnresearch for cooking this dope ass tool

To properly wrap up September, Let's look at the RWA volume for September and some important details. RWA stats for September: - Total Volume {Including swaps}-$633.7B - Total Volume {without Swaps}- $610.7B - 90.3% priced by @PythNetwork {Including swaps} and 94.7% {excluding swaps}. - Binance, OKX, Hyperliquid, Variational and Bitget took 86.8% of the total volume. The rise in demand for Variational's swaps and a reduction in volume across most other platforms resulted in the decline of Pyth dominance to 90.3% from 96.27% in August. Source: @RefractionRWA

Base and Robinhood deployed two different playbooks for the same market. On @base, tokenized stocks mostly trade against USDC with meme pair pools only making up 9.5% of liquidity. On @RobinhoodCrypto that number is over ~3x higher at 29%. Here's how the split looks 👇

Solana's (@LaunchOnSF) leads stock-quoted meme volume in the past 24 hours. That lead comes with ~22% fewer launches than Robinhood, and about 1/7th of BNB's launches. Stocks paired with memes are ~26% of tokenized spot stock volume we measure today.

Almost 40% of solana’s tokenized stock float is deployed in defi 38.6%, the highest rate among the chains shown This is what makes me bullish on solana: bringing assets onchain and giving people a reason to use them

Stocks paired with memes have driven over ~$3B in volume over the past month. What if you could see what whales and other cohorts are buying, or which launchpad is the most active, and what stocks are seeing the most rewards? Presenting our new section: rwa-markets.xyz/equity?sub=m…

Let me bring some Memory equities stats to your notice. We will be looking at Last month's stats and the first half of September stats. so walk with me. First let me joggle your memory on last month Memory equities stats. Last month {August}: The total RWA perp volume for August was $751.9B with @PythNetwork powering 96.27%of the total volume and Memory equities snatched 43.5% of the total volume {$327.4B}. Four memory names held their ground in the top 10 most traded assets; SNDK ranked first {even surpassing GOLD by 49.01% }, SKHYNIX third, MU sixth, and SKHY tenth. A month to be committed to memory. First Half of September: The First 15days of September saw total of $316B in RWA Perp volume with 92.68% powered by Pyth. SNDK,SKHYNIX,MU took roughly 23.7% of the total volume {$74.8B} with 99% powered by Pyth . SNDK ranked second for the most traded asset, SKHYNIX at fourth and MU ninth. SNDK,SKHYNIX,MU part of the 50 Pyth indices running 24/7 on Pyth {Always on}. The memory-stock trade never closes, and it runs on Pyth Source:@RefractionRWA

The race for tokenized stocks has no clear winner, yet. Stocks paired with memes are now 26.7% of onchain stock spot volume, and Robinhood, Solana and BNB are battling for the #1 spot in this narrative. Here's the current landscape between the chains 👇

Gold and Sliver Perpetuals launched on @Kalshi with 24/7 @PythNetwork pricing. Lets look at the Gold and Sliver volume in the first half of September and see how big of a market it is. According to @RefractionRWA - Gold took 15.8% of the total volume for first half Sept {$50B] with 91.4% Powered by Pyth. {Rank 1st} - Sliver took 4.4% of the total volume{$13.8B} with 89.3% powered by Pyth. {Rank 7th} Kalshi just unlock access to a piece of the cake with Pyth. So whether you are making barbecue or reading the paper on a chill sunday, the market is always on.

Stocks paired with meme's on @RobinhoodCrypto have been making a lot of noise. Volume so far in September stands at ~$1.44B, with a daily peak of $157.1M. The highest demand stock? GOOGL which carried over 33% of the volume on the peak day on the 11th.

September seem to be moving smoothly for Pyth and RWA in general. Here are the RWA first half stats for September: -Total volume: $316B {compare to August first half volume of $420B} -92.68% priced by @PythNetwork {$292.87B} -Binance, OKX and Hyperliquid took 78.8% of the total First half of September volume. -increased DEX volume like Gm Trade and Variational compared to august. -Gold,SNDK,Oil{WTI] leading the top traded assets for the first half. Source: @RefractionRWA

Now Tracking: @NestExchange. The MetaDEX of HyperEVM with 10 xStocks pools that hold over 4% of xStock's deployed float across HyperCore and HyperEVM. Find their pools in our DeFi and Spot Markets tabs on RWA-Markets.xyz

Now tracking: @LaunchOnSF In preparation for the upcoming MemeStockFi section, we are now tracking all onchain data from StonkFun with a focus on RWAs. Coming this week you will be able to track liquidity, wallet cohorts and more across chains on RWA-Markets.xyz.

Now tracking: @Tessera_PE. Tessera provides users an opportunity to gain exposure to private equity at a Pre-IPO stage through loan participation rights. Their launches so far covered OpenAI, SpaceX, and Kalshi. Track their holders & cohorts live on RWA-Markets.xyz

Another amazing RWA Perp Report by @PythNetwork. It's an honour to have a market leader use our data and present it in these reports! September is off to a strong start too, with over $150B in volume in the first week. Make sure to read their full report below 👇

Now tracking: @PreStocks PreStocks give tokenized pre-IPO exposure to names such as OpenAI, Anthropic, Neuralink & more. Recently their holder count has exploded with the narrative of pairing stocks with memes. Track their holders & cohorts live on RWA-Markets.xyz.

happy Saturday with RWA good reads! 1) Tokenized Equities on Solana: From Issuance to Execution - by @minnus → x.lingyaoai.com/minnus/status/20958482… 2) Request for Builders: Tokenized Stocks - @buildonbase → x.lingyaoai.com/buildonbase/status/209… 3) RWAs: The next liquidity channel - by @wintermute_t → x.lingyaoai.com/wintermute_t/status/20… 4) Tokenized Assets Report With Token Terminal - @RWAFoundation_ → x.lingyaoai.com/RWAFoundation_/status/… 5) Enhanced: Gold Volatility as Yield - by @serotonin_hq → x.lingyaoai.com/serotonin_hq/status/20… 6) STORMM & Leverage Machine - by @ClutchMarkets → x.lingyaoai.com/ClutchMarkets/status/2… 7) solana:CARDSccUMFKoPRZxt5vt3ksUbxEFEcnZ3H2pd3dKxYjp: Year One - by @Collector_Crypt → x.lingyaoai.com/Collector_Crypt/status… 8) RWA Monthly Report - August '26 - by @RefractionRWA → x.lingyaoai.com/RefractionRWA/status/2…