Stonk is moving beyond tokenized stocks. I'm doing deep research and breakdown them down below ➩ At first, they became quoted assets. @longdotxyz, @LaunchOnSF, @pairdotfund and @emberscurvesfun let new tokens trade against stock exposure. Now smaller teams are pushing the same primitive further. @LaunchHoodFi is experimenting with permissionless stock-paired launches, while @nftstockpair applies the idea to NFTs backed by stock reserves. ➩ Then trading activity started creating stock demand. @MyDivvyApp and @OTCDeskOfSol turn fees into stock rewards. @Tributary_RH routes part of protocol fees into permanent stock liquidity, while @tickerspring is exploring yield, vaults and lending around tokenized stocks. ➩ The next layer is deeper financial use. @lightlending is moving stocks toward collateral. @PerpetualsWTF is experimenting with tax-funded perp vaults and custom strategies. ➩ And the app layer is starting to form around the same assets. @OnRecordVote connects stock treasuries with proxy voting. @hoodlmrh brings research and trading into one prompt. @clawpumptech experiments with agents launching stock-paired markets. So Stonk is becoming much broader than stock speculation. Stocks are turning into quote assets, rewards, liquidity, collateral, strategies, governance assets, and agent inputs. Tokenization brought equities onchain. Stonk is turning them into crypto-native primitives.

This is probably the cleanest Arc thesis so far. @arc handles the rails: USDC gas, sub-second finality, built-in FX. @UseCtrlMoney is going after the consumer layer on top send, request, and manage USDC from day one. If Arc becomes the chain for moving dollars, the real battle starts at distribution and UX. $CTRL launching day one makes that pretty interesting.

Robinhood Chain is turning Stock Tokens into real DeFi primitives. ~$900M TVL ~$1B stablecoins ~$270M active RWA market cap The interesting part is what builders are doing on top. 10 Robinhood RWA projects in my watchlist: @prismassets - RWA terminal aggregating 1,000+ tradable assets. @longbowlend -lending against Stock Tokens and other Robinhood assets. @PareStocks - splits tokenized stocks into principal + future dividends. @fablesfi - DEX built specifically for tokenized equities. @twofoldfi - LP capital earns lending yield while waiting for swaps. @EARNONHOOD - turns Stock Tokens into managed yield positions. @StaticsProtocol - programmable baskets of tokenized stocks. @ArrowFinanceio - lending + risk infrastructure for tokenized assets. @RKST_xyz - private-market exposure around the space/rocket sector. @longdotxyz - MemeFi × StockFi through pairs like AI/NVDA and MEME/AMC. Stock Tokens are becoming building blocks. Trade them, LP them, borrow against them, split their cash flows, package them into baskets and build yield on top.

Robinhood Chain went from mainnet to a ~$900M DeFi ecosystem in just over 2 months. The growth is getting hard to ignore. @RobinhoodCrypto Chain now sits around $900M DeFi TVL, $1B+ stablecoins and billions in weekly DEX volume. Stock Tokens are also starting to move beyond simple spot exposure. - @ponsdotfamily has become one of the biggest activity engines, turning Stock Tokens into quote assets for memestock launches and pushing a large share of trading through @Uniswap. - @Uniswap is the main liquidity layer for those markets. - @Morpho has become the core credit layer, with hundreds of millions in deposits and outstanding loans across Robinhood Chain. What I’m watching next - @longbowlend is bringing credit directly to Stock Tokens, letting users borrow against stocks, RWAs and other Robinhood-native assets. Its TVL recently grew 122% in four days, while active loans grew 241%. - @mastbond is expanding Stock Tokens into lending and portfolio products, with AAPL, GOOGL, NVDA, SPY and TSLA lending markets already live. - @arcus_xyz is pushing them toward leveraged trading through perps and transferable pTokens. - @StockYieldMoney is experimenting with another DeFi primitive: splitting Stock Tokens into principal + yield claims, alongside baskets and options. - @arrowsonhood is building fully collateralized options on TSLA, NVDA, AAPL and other Robinhood Stock Tokens. Robinhood Chain is moving from trading tokenized stocks to building a full DeFi stack around them. The next growth phase will come from making Stock Tokens increasingly productive onchain assets.

Ethereum privacy is no longer about hiding transfers. It’s moving into identity, apps, and everyday wallet activity. A much bigger privacy stack is starting to form. Sending & spending privately @RAILGUN_Project, @0xbowio, @fluidkey and @staycloakedxyz are making balances, transfers and wallet activity harder to trace publicly. Proving who you are without revealing everything @selfxyz, @ZKPassport and @zkPass let users prove identity or credentials while keeping the underlying data private. Building apps that can use private data @aztecnetwork, @zama, @TACEO_IO and @theInterfold are pushing privacy deeper into computation and smart contracts. And the wallet layer is starting to catch up too, with tools like Kohaku and Privacy Boost bringing these primitives closer to normal users. So Ethereum privacy is starting to look less like one feature and more like a full product stack: - private payments - private identity - private apps - private UX That’s probably the bigger shift worth Im watching.