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👻 Today Dead Pixels would rank #2 on Coingecko for 24h NFT volume if it was listed. We plan to reach #1 We're building a collection for people who enjoy collecting art, opening packs, and hanging out. It's a growing, fun place to be and all are welcome Discord.gg/DeadPixels

$ABXX @abaxx_exchange Odds are we will see a new record volume day today!! Don't stop baby! abaxxdata.com

Another record day! Hour and a half to go and over 28,000 lots and $93k in rev. @abaxx_tech @abaxx_exchange @JoeRaia5 @RussRobSG @JoshCrumb

Highlights from Abaxx Technologies 4Q25 conference call held earlier today. The key development came at the end of the call, when @JoeRaia5 addressed the apparent stagnation in new clearing firm onboarding. The connectivity flywheel gets started when a clearing firm with a large customer base onboards, presumably under pressure from a set of relevant clients who wish to trade a specific contract on the @abaxx_exchange. Once this firm onboards, access to the market opens for the remaining clients for ALL the products on the exchange. The key disclosure was that post FBOT, one leading US Bank FCM, who clears trades for the global energy trading complex (from hedge funds to physical energy traders), has told them that they are committed to onboarding, with two others outside the US in the process of onboarding via a carry broker. Joe also mentioned that Trayport connectivity prompted three additional banks to start onboarding to trade thru Trayport, driven by final Trayport customers (LNG liquefaction, etc) needing connectivity. The plotline could have been something like this: “top physical commodity traders (Trafigura/Mercuria/etc.) told one of their top prime brokers in energy markets (JPM/GS/etc.) to stop dragging their feet and off their butts and allow them to clear LNG trades in Singapore”. Why is this important? Producers/Consumers/Traders are reluctant to commit to onboard unless they see a minimum volume of their contract of interest (in the call a figure of 25K ADTV was mentioned as a rule of thumb). If the global energy trading complex is in the process of onboarding via this US Bank/FCM plus Trayport inbounds, the day when volumes are high enough to bring producers/consumers to take an LNG cargo to delivery may be closer than most think. On this front the feedback from the recent CERA Week conference was revealing as participant questions were centered around the operational aspects of the exchange (ie delivery procedures, terms/conditions, etc), a dramatic change in tone relative the past years when questions were confined to the superficial/informative aspects of the exchange/contracts. The company clarified that the surge in traded volumes since mid-March was without any meaningful trading out of the top trading firms US, US or China. This is about to change, meaning that their prior 2030 target of 1mn ADTV is now the bottom of the range of volumes the company is now targeting. It’s happening folks: the flywheel is starting to spin! The second key takeaway came when digital title lead @LeahWald said that a traditional bank is performing its due diligence as an initial prospective licensing client for the MarketOS solution for T+0 collateral. We could presume that the US Bank/FCM committed to onboarding and this institution may be one and the same. The integration of ID++/FDT is proceeding in the Abaxx Clearinghouse and, subject to regulatory approvals, would be launched at a yet-to-be-determined date. CEO @JoshCrumb said that a clearer GTM timeline would be available in the 1Q26 conference call in 45 days. Wald also mentioned that the long-term objective is to license MarketOS to prime brokers and other Central Counterparties (CCPs) to expand the range of collateral assets. As FDT is asset agnostic, any traditional or tokenized MMF could become available for T+0 collateral at the exchange. CEO Crumb also dropped a key nugget towards the end: in the 45 days to the next update, he expects that a least one new product or “market infrastructure” could be announced. He stressed opportunities in the precious metals space… Most likely we could see the launch of the long-awaited Silver Spot/Futures market out of Singapore. But the intriguing part was that he referred to new “market infrastructure”. Abaxx’ market infrastructure rollout has been impressive: exchange, CH, registrar, custodian/TX agent, etc. what else could come on this front? First, the development of the Singapore Oil contract is probably too early as this appears to be an inbound post Hormuz crisis. One development could be the launch of the Frontline Environmental Exchange out of Barbados, a jurisdiction which has an incredibly friendly TradFi/DeFi regulatory and tax environment and where Abaxx has deep connections. On a more speculative angle Abaxx could potentially rock gold markets by announcing a new vault/delivery jurisdiction for its Spot/Futures Gold! Their Abaxx Spot vault partner (Brinks) operates vaults that service all the relevant worldwide gold jurisdictions: Comex/NYMEX, LMBA, Switzerland, Dubai, etc. New gold jurisdictions was in the long-term plans but increasing geopolitical stress could accelerate these developments to allow T+0 Gold collateral out of US/UK/Swiss vaults! On the financing of their growth opportunities, Josh Crumb confirmed that their cash gave them ample runway thru 2026, reassuring investors that any additional financing would only take place at valuations that recognize the potential for the MarketOS platform and/or could resemble the last round, where a world-leading market infrastructure company acquired 5% of the company partly via a conversion at a significant premium to their historical valuation. The message is the same: as the realization that Abaxx’ tech stack and market infrastructure offers a credible path to tokenize a significant part of the US$40-50Tn in RWAs, the potential is for their next round taking place at 2.0-2.5x of the prior round, IMO. Finally, a massive hat tip to @joshcrumb for forgoing his YE25 bonus, effectively keeping 4Q Opex slightly lower YoY and opening space to reward Joe, Nancy, Tafadzwa and the rest of the team for the delivery of KPIs in 2025. h/t to @Plecotus at ceo.ca/abxx for supplying his call recording on short notice! #29ers #RWATokenization $ABXX $ABXX

A thread on $SAUCE, Saucerswap's (@SaucerSwapLabs ) native protocol utility token, and why I think that if you love $Hbar, then $SAUCE is the better value proposition to hold. The DEX is the market leader and does over 95% of total $Hbar DEX volume. 🧵👇 (1/10)