PAX Gold_DEX KursPAXG

As usual, Gold $PAXG is gaining strength while the rest of the crypto market is struggling. It’s back above $4,220 and still looking strong.

As I mentioned clearly in my post last night — buy $PAXG at the bottom and get ready for massive gains! 🚀 $PAXG – Golden Rebound Long Setup Buy Zone: 4,200 – 4,230 Target 1 (T1): 4,320 Target 2 (T2): 4,410 Target 3 (T3): 4,520 Stop-Loss: 3,990 The price is showing a strong recovery from recent lows with solid upward momentum, suggesting the uptrend is likely to continue. $PAXG

Guys, $PAXG just printed a strong bullish candle after a clean breakout from consolidation. Momentum looks solid as buyers stepped in aggressively near the $4,100 support zone, pushing the price toward the $4,180 level. This breakout could signal the start of a potential continuation phase if the current strength holds above key supports. Trade Setup • Entry Point: $4,165 – $4,175 • Targets: $4,200 / $4,230 / $4,260 • Stop Loss: $4,120

How RWA Markets Work on Lighter - and Why They Won’t Repeat PAXG’s Problems RWA markets face one fundamental issue: tokenization. Tokenized assets depend on an issuer to maintain price parity - much like stablecoins. The Core Problem: Liquidity Liquidity remains the biggest challenge for tokenized assets. Even if you look at major stablecoins like USDC and USDT, their charts reveal price fluctuations of around ±3% that have persisted for first one years. Steadily this improved as MMs got more liquidity. And that’s for the 2 largest tokenized assets in existence. Now imagine scaling this problem up. There are tens of thousands of RWA assets worldwide. If all of them were moved onchain today, crypto traders would face huge liquidity risks - from price slippage to liquidation cascades. It creates "premium" for trading of RWA assets. Simply put, onchain liquidity is nowhere near sufficient to support the breadth of RWA markets. This is a fundamental flaw in how tokenized RWAs operate. ---------------- Lighter’s Approach: RWA Trading Without Tokenization Lighter takes a completely different approach. Instead of tokenizing assets, it builds markets based directly on real-world price data. Here’s how it works: 1. Price Feeds: Lighter integrates with top-tier oracles such as Stork, Chainlink, and Pyth 2. Data Sources: These oracles stream real-time prices from major Web2 exchanges - NYSE, Nasdaq, CME, and others. 3. Index Prices: Lighter calculates an index price for each asset based on its TradFi market value. 4. Orderbooks: A decentralized orderbook forms around this index price for each market. 5. Market Activity: Orders flow from traders, HFTs, and MMs 6. Liquidity Pools: Dedicated XLP pools maintain orderbooks and execute trades as needed In essence, Lighter mirrors the liquidity of traditional markets - tapping into NYSE, Nasdaq, and CME - while executing trades in a decentralized, onchain environment. This architecture enables on-chain traders to access the deep liquidity of TradFi without relying on centralized or opaque intermediaries. --------------- 24/7 Markets and Risk Mitigation Unlike Web2 exchanges, traditional markets close overnight and on weekends. During those periods, oracles provide the latest daily closing prices - but trading on Lighter continues 24/7. While this could introduce some slippage risk during non-trading hours, Lighter mitigates it through: - Funding rate, and - Arbitrage opportunities exploited by HFTs and MMs. As a result, even when liquidity temporarily narrows, price stability remains strong. ***This 24/7 accessibility also creates a strategic advantage for Web3 traders - allowing them to react to global events outside of traditional trading hours. In the future it will incentivize Web2 traders to join in onchain RWA market for getting advantage. ------------------ Why Lighter Won’t Repeat the PAXG Case Let’s revisit the PAXG incident. PAXG is a tokenized version of gold issued by Paxos, fully backed by physical gold and traded on major exchanges like Binance, Coinbase, and Kraken. However, PAXG doesn’t tap into the true liquidity of the gold market. Instead, it relies solely on onchain liquidity - which is a fraction of the real market. 1. PAXG Fully Diluted Value (FDV): $1.3B 2. Global Gold Market Cap: $27.8T → That’s a 20,000x difference. With only ~$130M in daily trading volume, PAXG’s liquidity was insufficient to absorb volatility - which led to the PAXG squeeze on October 16, 2025. This wasn’t a Lighter-specific issue; similar price spikes occurred across all exchanges trading PAXG. The core issue is structural: PAXG is an isolated market. It shares gold’s name but not its liquidity. Instead of relying on PAXG’s narrow $1.3B ecosystem, Lighter directly indexes prices from the $27.8T global gold market via multiple oracles. This shift connects traders to the real gold market - not a tokenized copy. ------------------- Built for Long-Term Stability Lighter’s RWA market model is built for resilience. By leveraging: - Real-world market data, - Deep liquidity from global exchanges, and - A decentralized CLOB structure, Lighter creates a bridge between TradFi and DeFi that’s both transparent and liquid - protecting traders from manipulation and isolating risks like those seen with PAXG. --- Join to native Ethereum PerpDEX:

Fastest growing RWAs, based on 30d TVL growth (%) 👇 USDCV, Societe Generale USCC, Superstate MTBILL, Midas XAUT, Tether USDG, Global Dollar Network cUSD, Cap deUSD, Elixir Protocol Reserve Index, Reserve JAAA, Centrifuge MF-ONE, Midas thBILL, Theo RLUSD, Ripple PAXG, Paxos USTB, Superstate WTGXX, WisdomTree