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Refraction Research
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@RefractionRWA

Refraction Research

@RefractionRWA
Insights built on RWA Markets, the market-structure layer for tokenized assets: fills, funding, flows and yields, onchain down to the wallet.
RWA Market structure data →
rwa-markets.xyz
Joined July 2026
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  • Pinned
    @RefractionRWA
    Refraction Research
    @RefractionRWA
    Jul 29
    Tokenization is eating traditional finance. Since April over 1 Trillion Dollars of RWA volume have traded through centralized and decentralized crypto exchanges. Now you can see the flows down to the wallet on the all new Rwa-markets.xyz website.
    00:00
    15
  • @RefractionRWA
    Refraction Research
    @RefractionRWA
    Aug 27
    Both @HyperliquidX and @nadoHQ carry spot @xStocksFi. At the time of recording, Hyperliquid has 5 live assets with $3.92m float whilst Nado has $2.35m between 7 assets which are also posted as collateral. The last full day volume was $264k on Hyperliquid and $235k on Nado.
  • @RefractionRWA
    Refraction Research
    @RefractionRWA
    Aug 25
    Excited to announce that @Quicknode is now supporting our research. This enables us to begin covering the vastly expanding RWA scene on Robinhood chain as well as building out coverage for Hyperliquid's RWA DeFi sector. Expect to see insights on these ecosystems soon 🎉
    3
  • @RefractionRWA
    Refraction Research
    @RefractionRWA
    Aug 24
    The narrative of tokenized stocks and gold being used as margin for perps is accelerating. Two months ago, @nadoHQ enabled this for users and it has significantly grown since then. Today's count: $3.25M still posted making up 6.1% of Nado TVL with 504 wallets.
  • @RefractionRWA
    Refraction Research
    @RefractionRWA
    Aug 20
    Solana's tokenized stack is a whole market now. Perps, DEXs, aggregators, lending, and the issuers who sit on those venues. This is the current map of every surface we cover on @solana.
    6