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Long or short stocks, forex, indices, commodities, & crypto on telegram with your friends (Powered by Ostium)
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RWA is DeFi’s biggest opportunity, total onchain RWA market sits at $24B right now, the scope for it to grow to hundreds of billions is massive and we want to contribute in that.
Recently, Arbitrum announced it’s partnership with Robinhood to connect TradFi <> DeFi and Solana announced their partnership with xStocks and Kraken to bring stocks on Solana. It’s a clear signal that RWA is here to stay and thrive.
source - rwa.xyz
Despite billions of onchain RWA TVL, there's barely any native and sticky distribution layer for rwa trading. Most RWA companies right now is just infra (Blackrock buidl, Ondo, Plume etc) and handful of apps (Ostium, Parcl, Dinari) for users to trade RWA onchain. Pills will bridge the gap by building a telegram native bot to trade oil, stocks, forex and other RWA assets in a gamified way. We are building the consumer layer to make RWA trading fun.
Currently, as RWA is still a growing onchain niche, liquidity for users to buy stocks onchain still remains an issue. We believe RWA perps is a bigger opportunity and will change the game for RWA adoption onchain.
Kaledora from Ostium pointed out the liqudity issue in her recent post
Trojan and BonkBot proved that Telegram native UX can scale memecoins to multi millions. PvP.trade extended Hyperliquid perps into group chats, turning trading into a game. Pills is doing the same for real world assets.
Ostium is the leading RWA perp dex to trade stocks, indices, forex and commodities. With a cumulative volume of $11B+ it’s growing at a rapid speed. It’s a no brainer reason for us to build on top of ostium. Attaching some Ostium stats below:
Here are some numbers to understand how big RWA perps can get:
Cumulative volume of leading perp dex’s:
| Hyperliquid: | $1.8T |
|---|---|
| DYDX: | $1.5T |
| Jupiter perps: | $331.5B |
| GMX: | $268.7B |
| Drift: | $71.59B |