Analyzing 21Shares, which submitted the application, they have long been one of the world's most aggressive promoters of crypto ETFs, having successfully launched ETPs such as SOL, ADA, and DOT in Europe, giving them considerable experience. Their choice of SEI as a breakthrough point this time certainly has its own considerations. Even if it doesn't pass quickly, the S-1 itself can serve as a marketing tool (bringing SEI to the attention of more American investors).
- 0 replies
- 0 recasts
- 0 reactions
Matrixdock, Asia’s leading Real World Asset (RWA) tokenization platform under Matrixport Group, today deployed XAUm on Sui, marking the first time XAUm will be issued on a non-Ethereum Virtual Machine (EVM) chain. With over $2 billion in Total Value Locked (TVL), Sui is fast becoming the Layer 1 blockchain for institutional DeFi activity and RWA deployment. In a vote of confidence, the Sui Foundation will also allocate a portion of its treasury to XAUm, reinforcing the role of gold as a time-tested portfolio diversifier in the Web3 era.
- 0 replies
- 0 recasts
- 0 reactions
I personally believe that liquid restaking will be Jito's future business expansion and revenue growth track. Currently, only ~1.1m SOL is restaked, equivalent to ~6% of Jito's staked SOL and ~2% of the network's staked SOL. In comparison, ETH's restaking/staking ratio is ~26%, which still leaves ample room for SOL's growth and is a market share Jito needs to capture. Returning to Jito's financial report, let's first explain the project's various expenses and revenues:
- 0 replies
- 0 recasts
- 0 reactions