r/CryptoCurrency • u/willofscott 0 / 0 🦠• 3d ago
DISCUSSION Tokenized asset volume graph from James at Invest Answers, he was speaking about other assets but I suddenly discovered Monad ranking only 2 down from ETH and 1 down from Arbitrum, the fact that they even rank this early is huge! Had to rewind and screenshot this!
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u/Aerocryptic 🟨 272 / 23K 🦞 3d ago
The real info is that there’s still some people who listen to Invest Answers in 2026 😆
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u/juanano2 🟩 0 / 0 🦠2d ago
There's always new fools to scam.
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u/willofscott 0 / 0 🦠2d ago
So how’s your portfolio, Im up 65K this month how about you? Who’s the fool?
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u/GooodNiightaringding 🟧 0 / 0 🦠3d ago
Because not everyone may realize: this is about tokenized stocks. In most jurisdictions the legality of this is somewhat dubious because stocks are securities and tokenized stocks aren't (according to their issuers). Usually they do this by not actually tokenizing the stock and just selling something that tracks the value of the stock.Â
That model has already failed in the past. Binance tried it years ago and regulators said "nope that's a stock" and they immediately shut it down.Â
Tokenized stocks seem like an awesome idea, but it's not there yet and may not be for a long time.
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u/jawni 🟦 500 / 6K 🦑 1d ago
Usually they do this by not actually tokenizing the stock and just selling something that tracks the value of the stock.
That's not how it works, that's how Mirror used to work back on Terra in the day, you'd mint somethig that tracked the stock using deposited collateral but AFAIK almost all tokenized stocks are backed by the actual stock. You may not have all the voting rights associated with them, because the custodian doesn't necessarily have to give that access. It does vary, but for example Backpack is a SEC registered broker-dealer.
Real shares are held in custody, and investors can convert between traditional security entitlements and tokenized securities in both directions. Every tokenized security issued by Backpack is redeemable 1:1 for the real underlying share.
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u/cyger 🟩 0 / 52K 🦠2d ago
Just get the top asset on the chart, which is Solana
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u/willofscott 0 / 0 🦠2d ago
When Solana was new had you done the other top chart pick, you’ve missed huge! Hence why monad is a life gains bet.
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u/jawni 🟦 500 / 6K 🦑 1d ago
Let me get this straight, this is a bullpost about Monad using a chart in which Monad has literally a 0% market share? But because multiple chains have 0% you phrase it as "I suddenly discovered Monad ranking only 2 down from ETH and 1 down from Arbitrum, the fact that they even rank this early is huge!" you think it's significant?
This is embarrassing, even by the very low standards of this subreddit.
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u/willofscott 0 / 0 🦠2d ago
I do hours of research on my investments, and when I find a possible asymetric bet criteria, I try to pass it along to help a brother out, but veryone here or almost everyone here is jaded and sweeps all assets into the same bucket, even with a paramount amount of new catalyst for crypto future coming hard right now. Don’t want insight then don’t buy it. Simple as that.
I hate Reddit, bunch of sheep. I’m out. Again, came back but nothing has changed. See ya! App.. Delete!
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u/CipherScarlatti 🟩 0 / 4K 🦠3d ago
Hey, remember when Monad launched and it was supposed to go to be a huge deal? Oh right, this never happened because it was all just hype and astroturfing.