solana added $634m in rwa tvl this year to $807m total. blackrock's buidl fund grew 768% quarter over quarter. circle minted $6.75b usdc in october alone. paypal's pyusd crossed $1b. all this happened at sol $134 after shitters died. infrastructure gets built in bear markets ...

bob claims $1.7b volume but independent verification found 3 btc weekly across main uniswap pools. anchorage digital, the only federally chartered crypto bank managing blackrock's buidl fund, just made it their bitcoin defi execution layer. banklessvc holding bags for nov 10 token sale on coinlist. infrastructure for $1.9t in bitcoin yield generation built on fake metrics ...

Investment Allocation - BlackRock's BUIDL Fund deployed $29 billion (2900 million) across several blockchain platforms [1] - The fund allocated $554 million to Avalanche, representing approximately 191% of the total deployment [1] - Aptos received $544 million, accounting for roughly 188% of the fund's investment [1] - Polygon secured $530 million, which is about 183% of the total investment [1] - Ethereum received the largest allocation of $991 million, constituting approximately 342% of the total deployment [1] - Solana received zero allocation from BlackRock's BUIDL Fund [1] Market Outlook - The asset management industry suggests that Ethereum, Avalanche, Aptos and Polygon are likely to attract a significant portion of the $2 trillion in tokenized assets by 2028 [1] - The industry believes that the hype surrounding a Solana ETF will not influence where treasuries ultimately settle [1]

ethena owns 50% of blackrock's entire buidl fund. $1.94b position in a $3.88b pool backing ustb. when redemptions hit that fund ethena becomes the exit liquidity for everyone else. ustb works until buidl holders need dollars fast. concentration risk on concentration risk ...