| Mobile Web

Search results for market capitalisation

Crypto

Gold dominates tokenised commodities market

Gold accounts for virtually the entire tokenised commodities market, with tokenised gold valued at about $5 billion out of an estimated $5.1 billion total, a16z Crypto data showed. Silver and other commodities together totalled $57.6 million, or about 98% for gold. The broader tokenised asset market excluding stablecoins has risen above $30 billion to around $34 billion, led by U.S. Treasuries. On-chain usage has not kept pace with market capitalisation, the report said.

Crypto

JPMorgan says tokenised MMFs unlikely to top 10 to 15 percent of stablecoin market without regulatory change

Tokenised money market funds (MMFs) will continue to grow, but without regulatory change they will struggle to account for more than 10 to 15 percent of the stablecoin market, JPMorgan analysts said. The team led by Nikolaos Panigirtzoglou (니콜라오스 파니기르초글루) said tokenised MMFs offer yield but currently amount to about 5 percent of stablecoin market capitalisation. They cited structural regulatory disadvantages because tokenised MMFs are typically classified as securities.

Crypto

Pump.fun accounts for more than a third of Solana Q1 revenue despite memecoin slowdown

Memecoin platform Pump.fun posted $124.7 million in first-quarter revenue, keeping its position as the top-grossing app in the Solana ecosystem. The figure was more than a third of Solana’s total app revenue of $342.2 million in the quarter. Pump.fun revenue rose 17 percent from the previous quarter even as memecoin activity slowed. Messari said Pump.fun’s core business remained solid and cited growth in launchpad, trading and tokenised real-world assets.