Tokenized assets keep growing quietly in the background, and tokenized assets other than stablecoins stood at $46.1B on 4 November. What is still missing is the layer that connects those assets to capital, and that is the layer @turtledotxyz is building on. Its Q3 update reports $1.04M in revenue across Turtle and Lunar Strategy, cash in and net of intercompany, which shows the connecting work is already being paid for. $TURTLE sits in a different place in this picture, as the single instrument tied to coordination access on the network. Network activity and token utility are related, but that does not mean revenue is distributed to tokenholders, and I respect that the update keeps the two clearly separate. https://t.co/SCy7DzP1Z1
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