PAX Gold narxiPAXG

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:

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Gold's NEXT MOVE: $PAXG Set to SOAR! Entry: $4,010 – $4,030 🟩 Target 1: $4,060 🎯 Target 2: $4,090 🎯 Target 3: $4,130 🎯 Stop Loss: $3,970 🛑 The golden bull is charging! $PAXG just shattered the $4,000 resistance with explosive momentum. Demand for stability is fueling this breakout. Higher lows confirm unstoppable upward trajectory. This isn't just a pump; it's a CONFIRMED move to the moon! Smart money is already in. Don't watch from the sidelines as others secure massive gains. The window is closing fast. Act NOW or regret missing out! Trading involves risk. 🚀

$PAXG is showing early signs of a bullish reversal. Buyers have stepped back in after a deep retracement, with price now consolidating above the key mid-level near $3,965. A sustained break above $3,981 could confirm upside continuation toward the next resistance cluster around $4,010–$4,050. Momentum structure favors the bulls as long as price holds above immediate support at $3,955. Trade Setup: Entry Range: $3,965 – $3,975 Target 1: $3,981 Target 2: $4,010 Target 3: $4,046 Stop Loss (SL): $3,923 The short-term structure has flipped bullish after a base formation near the lower range. As long as $PAXG sustains above $3,950, upward momentum is likely to continue toward the $4,050 zone.$PAXG

Фьючерс PAXGUSDT.P -- лонг, точка входа 2025-10-23.04:24 (Msk). Стоп - 4069.9