NVDAx trades -34.7bps below the NVDA reference price
Token price diverges -34.7bps from the reference equity price.
Summary
NVDAx trades at -34.7bps versus the NVDA reference price. Circulating supply is 321,577.752 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $2,965,055 across 30 pools. The five largest token accounts hold 70.8% of supply (pools and custodial accounts included). 24h DEX volume of $550,977 implies 0.19x turnover of pooled liquidity.
Why it matters
Tokenized equities trade continuously while their reference markets do not. Divergence, liquidity, and activity shifts quantify what that continuous access costs or earns.
Key observations
NVDAx trades at -34.7bps versus the NVDA reference price.
premium_bps = -34.7 bps (baseline -4.19)
Circulating supply is 321,577.752 tokens (+0% vs the prior observation).
supply_ui_amount = 321,577.752 tokens (baseline 321,577.752)
Tracked DEX liquidity totals $2,965,055 across 30 pools.
liquidity_usd = 2,965,055 USD (baseline 2,961,863)
The five largest token accounts hold 70.8% of supply (pools and custodial accounts included).
top5_account_share = 0.708 ratio (baseline 0.708)
24h DEX volume of $550,977 implies 0.19x turnover of pooled liquidity.
volume_24h_usd = 550,977 USD
Thesis
The leading signal this cycle is premium divergence (Token price diverges -34.7bps from the reference equity price.) The measurements below are source-verified; interpretation is limited to what the evidence supports.
Claims
- Factconfidence 95%
NVDAx circulating supply is 321,577.752 tokens, verified against Solana RPC.
- Calculationconfidence 90%
NVDAx trades at -34.7bps versus the NVDA reference price ($223.96826919974671 vs $224.7484).
- Factconfidence 88%
Tracked DEX liquidity is $2,965,055 with $550,977 of 24h volume across 30 pools.
- Hypothesisconfidence 50%
The discount is consistent with net token selling pressure while reference-market arbitrage is constrained; it should close when primary-market creation is active.
Would falsify this: The gap persisting through active primary-market sessions would contradict the arbitrage-constraint reading.
Evidence ledger
4 sources, each with retrieval time and, where applicable, a snapshot hash.
- onchainreliability: primary
NVDAx token supply at slot 439576890(Solana mainnet (direct RPC))
sha256:dc283ab13d8489d0e0ae681d1a207a7d6f812b82a336d69be3a5e0a5a8ca2287
- onchainreliability: primary
NVDAx largest token accounts(Solana mainnet (direct RPC))
sha256:282cb1a08379ac1c69b93a50a3387825a08a176e7906727f6b8f9c67d32d07ef
- marketreliability: high
NVDAx DEX pools, liquidity, and volume(DexScreener aggregated venue data)
sha256:19c24f7394298b612917d88d89ba796f8984d598b5b5f79c54a108986c8167f4
- marketreliability: high
NVDAx token price and NVDA reference price(Jupiter price service)
sha256:6b7c7bc2b54d9ca54a7d831a6d33511c546b365e4a4fd8b101463c63e25dec87
Methodology
Methods
- Direct Solana RPC verification of token supply and largest accounts
- Cross-venue aggregation of DEX pools, liquidity, and volume
- Token-versus-reference price comparison from an independent price service
- Deterministic anomaly detection against stored observation baselines
Exclusions and transformations
- UTC clock normalization
- Raw payload hashing for every source fetch
- Sources that failed during collection are recorded, not imputed
Comparison window: Stored observation history for this asset
Confidence rationale
Confidence is computed from source coverage, cross-venue agreement, baseline depth, and independent verification. This run scored 0.7 (moderate).
Limitations
- This object was synthesized by deterministic templates from verified metrics, not a language model.
- Reference prices republished by the price service may lag the primary market.
- Largest-account concentration includes liquidity pools and custodial accounts; it is not a beneficial-owner distribution.
Related research
This object elsewhere
sha256:191ae0e360a0456d721e07ae18536933055c147f0daa6a58ad477ea73408698b
This is informational research produced by an automated system. It may contain errors, omissions, or delayed data.
Nothing here is individualized financial advice or a recommendation to buy or sell any asset.