@SavanWrites
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nullius in verba content & comms @arbitrum | prev @protocollabs @0xPolygon @ansa_research
Joined December 2022
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Only 3-4% of tokenized assets today actually plug into DeFi.
Reality just gave 1700+ tokenized stocks full DeFi composability live on @arbitrum, the same infra Robinhood bet on to bring TradFi onchain.
Distribution was the bottleneck. @BitgetWallet just gave rTokens access to a 120M+ user base, likely the only exchange ecosystem combining crypto, stocks, gold, forex in one account.
This is the next biggest unlock for RWAs.
Tokenized stocks by @BitgetWallet are now live on Arbitrum.
Issued through @RealityFi_xyz, rTokens like $rAAPL, $rSPCX, and more now have onchain liquidity for DeFi composability, and 1700 more available via RFQ.
Start building with tokenized stocks now.
Savan retweeted
Great research piece put out by Geoff and Standard Chartered on the revenue story and growth mechanisms in place for @arbitrum and ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1.
One part I wanted to double-click on and offer my personal perspective is with respect to buyback mechanisms or other "direct" value accrual to the token.
From my perspective, Arbitrum has the potential to tackle an unbelievably massive opportunity: be the execution environment for all financial services and the backbone of the programmable economy. This vision requires a lot of investment in technology and growth. A lot. If the entirety of the Arbitrum treasury was denominated in ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 or relied on the price of ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 to go up in order to accomplish that goal, Arbitrum would be introducing an immense amount of risk into its vision and plan.
Arbitrum has been amassing a very meaningful treasury of assets derived from its various revenue sources and totals approximately $125m today (outside approximately $400m worth of ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1 in the DAO treasury). Multiple years of runway irrespective of token price.
These assets are all controlled by token holder via governance and can only be deployed or moved in accordance with tokenholder wishes.
Personally, I believe the Arbitrum treasury balance needs to grow a bit larger to ensure that the vision can be accomplished. Our partnership with Robinhood has proven the economics and the revenues can meaningfully scale. We need to be able to meet the moment.
That does NOT mean that Arbitrum should hold off on buybacks or other direct value accretive approaches to the token in perpetuity. It means that we just aren't there yet today.
The journey is just beginning.
HUGE new research note from @StanChart on Arbitrum just now!
They forecast 250x increase in the tokenized equity market by 2028 with @Arbitrum at a “unique advantage” with a business model to “help TradFi operators move on-chain”.
Standard Chartered is a major international bank with over $900 billion in assets.
This is the note sent to clients this morning.
Savan retweeted
THE BLOCK: Standard Chartered has initiated coverage of Arbitrum's ethereum:0xb50721bcf8d664c30412cfbc6cf7a15145234ad1, forecasting that its price could rise around 70x from $0.14 to $10 by the end of 2030.
The bank cited growth in tokenized assets and Robinhood Chain, which it expects to generate around $5 million in fees for Arbitrum in September.
It’s not everyday I find a bank the size of @StanChart eloquently explain the @Arbitrum thesis almost as good as me
Highly recommend reading their note below if you’re long on the land of liquidity
HUGE new research note from @StanChart on Arbitrum just now!
They forecast 250x increase in the tokenized equity market by 2028 with @Arbitrum at a “unique advantage” with a business model to “help TradFi operators move on-chain”.
Standard Chartered is a major international bank with over $900 billion in assets.
This is the note sent to clients this morning.
Arbitrum added $113M in RWA market cap last week, more than all other chains combined.
Robinhood Chain, also an Arbitrum Chain & public for less than 3months sits at #2.
.@Arbitrum is running away with tokenized fund inflows. Over $96 million flowed in over the past 24 hours, well ahead of every other chain.
Via @tokenterminal.
"Arbitrum is evolving into an enterprise-grade infrastructure platform that can help TradFi businesses move on-chain. Arbitrum is paid well for this, earning a rolling fee of 10% of net protocol revenue"
Institutions are finding Arbitrum's business model hard to ignore
HUGE new research note from @StanChart on Arbitrum just now!
They forecast 250x increase in the tokenized equity market by 2028 with @Arbitrum at a “unique advantage” with a business model to “help TradFi operators move on-chain”.
Standard Chartered is a major international bank with over $900 billion in assets.
This is the note sent to clients this morning.
bullish ARBITRUM
HUGE new research note from @StanChart on Arbitrum just now!
They forecast 250x increase in the tokenized equity market by 2028 with @Arbitrum at a “unique advantage” with a business model to “help TradFi operators move on-chain”.
Standard Chartered is a major international bank with over $900 billion in assets.
This is the note sent to clients this morning.
Savan retweeted
HUGE new research note from @StanChart on Arbitrum just now!
They forecast 250x increase in the tokenized equity market by 2028 with @Arbitrum at a “unique advantage” with a business model to “help TradFi operators move on-chain”.
Standard Chartered is a major international bank with over $900 billion in assets.
This is the note sent to clients this morning.
Savan retweeted
As institutions adopt Arbitrum and ZeroDev, our enterprise pipeline is exploding. I’m looking for a Head of Enterprise to work closely with me.
Check out the job description below. If this sounds like you, apply below and shoot me a DM.
jobs.lever.co/offchainlabs/4…
480 US-listed stocks went live on Arbitrum this week, via @bitget's Reality, making Arbitrum the first blockchain to cross 5,000 RWAs
Demand is scaling right alongside: 30D transfer volume is up ~150% & RWA holders are up 25%
Arbitrum is the default rail for tokenized markets
Savan retweeted
You’re not bullish enough on what crypto is about to do to global finance.
You’re not bullish enough on Arbitrum.
Arbitrum szn in full swing
> #3 largest revenue platform
> #1 for RWA deployments
> #2 for perps volume
Different leaderboards. Same platform
The story continues
Arbitrum is now the third biggest platform by revenue, all of which goes back to the token-controlled treasury.
Robinhood Chain stands at the second biggest, capturing ~90% profit margins on all txs flowing through their dedicated Arbitrum chain.
Honestly the only reason Toly is spending so much energy debating against Arb/RH chain is because they are becoming a threat. Take it for what it might mean.
Lmao. The spreads are worse on arb rn and the fees are higher.
Arbs 10% rake from the fees alone is more bips than the sandwich rate, and that’s not even accounting for the worse spreads. By a factor of 10x from what I can tell.
A single sequencer maximizing shareholder value will never beat permissionless competition
sandwiched.me
Unfortunately, data aggregators do not reflect Arbitrum’s revenue in full yet. They miss revenue share from AEP chains.
If they did, Arbitrum would be a top 3 or 4 in this list nitter.cf/itsbrendanma/status/20…
crazy to think that just 2 months after launch
@RobinhoodApp chain is now #1 by blockchain revenue
the future of finance is onchain
Savan retweeted
Toly is one of the foremost thinkers in crypto, but I think commercial interest is compelling him to willfully ignore the fact that, by launching their own L2, RH can capture revenue from all apps that launch on RH chain to colocate with tokenized stocks.
The criticism of Arb/L2 gas fees is also misleading — the gas fee is determined by a combination of L1 blob market and L2 fee market, and in reality neither is technically constrained to add way more capacity. The fact that they haven’t done so is a business decision — L1 wants to capture blob revenue from L2s, and L2s want to monetize off user transactions. Should either decide to prioritize growth over revenue, they can lower the fees in an instant. In fact, we’ve been having constant debates within Ethlabs about whether it might be wise to further increase blob capacity in order to lower blob fees, to further L2 growth.
There’s a saying I read on X that stuck with me: Ethereum is the art of remaining together while staying different. Robinhood cannot be more different from Ethereum in terms of philosophy and ethos, but thanks to a strong L1 supporting L2s, Ethereum and Robinhood are able to benefit from each other’s distribution and network effects, which are ultimately good for bringing the entire world on-chain.
Lmao. The spreads are worse on arb rn and the fees are higher.
Arbs 10% rake from the fees alone is more bips than the sandwich rate, and that’s not even accounting for the worse spreads. By a factor of 10x from what I can tell.
A single sequencer maximizing shareholder value will never beat permissionless competition
sandwiched.me