X @Kraken

RT Arjun Sethi (@arjunsethi)Tokenized equities should be evaluated as markets, not as vaults. TVL measures capital parked in a contract. Markets are measured by liquidity, participation, and utility across different types of users.For tokenized stocks, the relevant variables are straightforward: number of unique holders, trading volume, liquidity across venues, distribution concentration, and cross-platform integration.Public data from @xStocksFi shows measurable adoption in these dimensions. According to t ...