RT Routescan | The Unified Explorer (@routescan_io)As blockchain ecosystems scale, a paradox emerges:millions of contracts are deployed, but only a few are verified.Smaller ecosystems outperform giants by up to 40× in onchain transparency.👉 What if a formula could normalize scale to categorize ecosystems based on how reliably they produce verified, transparent code?🧵 A Routescan Research thread on blockchain verification discipline ...

Infrastructure & Technology - Chainlink's CCIP and oracle solutions are powering secure data, valuation, and interoperability for RWA projects building on BNB Chain [1] - BNB Chain has adopted the Chainlink data standard to make official U S Department of Commerce data available onchain [1] On-Chain Finance - Bringing finance on-chain requires trusted infrastructure beyond just assets [1]

Core Insights - Digital Asset Treasuries (DATs) control over $128 billion in assets and represent a significant portion of supply on major blockchains, presenting both risks and opportunities [1] Group 1: Definition and Purpose of DATs - DATs refer to companies allocating part of their balance sheet to cryptocurrencies like Bitcoin, Ethereum, Solana, and Dogecoin, diversifying beyond traditional assets [2] - Companies aim to protect purchasing power and gain exposure to blockchain growth by designating crypto as part of treasury management, a trend accelerated by institutional acceptance of crypto [3] Group 2: Current Holdings and Market Dynamics - Public companies hold approximately 976,772 BTC valued at around $110 billion, with additional holdings of about $3.2 billion in Solana, $15 billion in Ethereum, and $155 million in Dogecoin [4] - The rapid scaling of DATs rivals past crypto fundraising crazes, with a focus on short-term speculation rather than long-term substance [5] Group 3: Market Sentiment and Future Outlook - The current frenzy surrounding DATs is viewed as a necessary bootstrapping phase, despite concerns that many DATs may lack substance and could fade once market enthusiasm diminishes [6]

Investment Strategy - The industry suggests diversifying investment portfolios across various blockchain ecosystems [1]