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first_img The market value of RWA on the Stellar blockchain approaches 4 billion USD, with an annual growth of about 360%

According to Cointelegraph, the market value of tokenized real-world assets (RWA) on the Stellar blockchain is expected to grow by approximately 360% by 2026, rising from $868.8 million at the end of last year to nearly $4 billion. The Dune Analytics dashboard maintained by Stellar shows that as of August 29, the market value of RWA on the network reached $3.996 billion, covering asset classes such as U.S. Treasury bonds, private and public credit, and non-U.S. government debt.The concentration of issuers is relatively high, with Spiko leading at $1.55 billion, followed by Realiz ($559 million), Tradable ($548 million), Franklin Templeton ($546 million), and Ondo ($535 million). Stellar has also made breakthroughs in the non-U.S. government debt sector, with the Stellar Development Foundation citing data from RWA.xyz stating that as of August 20, the network held approximately $490 million in such assets, including tokenized Mexican CETES and Brazilian government bonds issued through Etherfuse.Institutional adoption continues to drive growth. In May, the Depository Trust & Clearing Corporation (DTCC) announced plans to integrate its tokenization services with Stellar, with DTC tokenized assets expected to go live in the first half of 2027, potentially supporting tokenized U.S. Treasury bonds, major index ETFs, and Russell 1000 constituents. In July, Tradable announced plans to bring up to $1 billion in private credit assets to Stellar.

Over 1.2 million leveraged retail accounts in South Korea have triggered margin calls, with approximately 320,000 to 360,000 accounts being fully liquidated by brokers

According to Yicai, global chip stocks faced a Black Monday. On that day, during the Asian trading session, rising geopolitical tensions in the Middle East suppressed risk appetite, with SK Hynix plunging over 15% on the Korean Exchange, marking the largest single-day drop in 18 years; the South Korean benchmark index KOSPI fell more than 9% in a single day, retreating 25% from its historical high on June 22.Data from the Financial Supervisory Service of Korea shows that the total amount of forced liquidations across the entire South Korean market reached 344.2 billion won in a single day, the largest scale of credit liquidation this year. Retail investors accounted for 92% of leveraged positions, referred to as "ant investors," who made full bets on memory chips and have very weak capacity to withstand volatility. As of Monday, over 1.2 million leveraged retail accounts in the entire South Korean market had reached the margin call line. Among them, approximately 320,000 to 360,000 accounts have been fully liquidated by brokerages, resulting in the loss of principal, with some accounts even owing debts to brokerages.Institutions believe that the short-term Gamma effect of leveraged shorts in South Korea cannot be eliminated, and the trillion-won level of leveraged selling pressure has not been fully cleared, with the risk of volatility still unresolved. However, this round of decline is not a reversal of the industry's fundamentals but rather a concentrated deleveraging event following macro shocks faced by crowded high-position leveraged trades.
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