➥ @Securitize quietly generated more 30D rev than most DeFi apps within 30 days, its tokenized-asset platform produced: • $12.50M in gross fees • $2.73M in protocol rev • activity across 13 chains that is a ~21.8% revenue capture rate the part that caught me off guard is the distribution - Ethereum still led gross fees at $4.11M - ZKsync generated $1.99M of protocol rev - ~73% of Securitize’s 30D total this is a very different revenue model from a DEX most of the gross figure comes from yield earned by the underlying tokenized assets while Securitize monetizes through management fees on products such as BUIDL and other onchain funds so i would not compare the full $12.5M directly with trading fees the cleaner signal is the $2.73M retained by the platform that already puts tokenized-asset infra in the established crypto-native protocols, without needing billions of daily speculative volume RWA adoption is starting to show up as recurring financial infra rev