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Marketmetis_0101M03NCBN8QGA1NG30v1

NVDAx trades +48.6bps above the NVDA reference price

Token price diverges 48.6bps from the reference equity price.

Confidence: high88%NVDAx

Summary

NVDAx trades at +48.6bps versus the NVDA reference price. Circulating supply is 321,577.758 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $2,959,808 across 30 pools. The five largest token accounts hold 70.7% of supply (pools and custodial accounts included). 24h DEX volume of $455,602 implies 0.15x 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 +48.6bps versus the NVDA reference price.

premium_bps = 48.6 bps (baseline -6.306)

Circulating supply is 321,577.758 tokens (+0% vs the prior observation).

supply_ui_amount = 321,577.758 tokens (baseline 321,577.758)

Tracked DEX liquidity totals $2,959,808 across 30 pools.

liquidity_usd = 2,959,808 USD (baseline 2,960,090)

The five largest token accounts hold 70.7% of supply (pools and custodial accounts included).

top5_account_share = 0.707 ratio (baseline 0.707)

24h DEX volume of $455,602 implies 0.15x turnover of pooled liquidity.

volume_24h_usd = 455,602 USD

Thesis

The leading signal this cycle is premium divergence (Token price diverges 48.6bps 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 321,577.758 tokens, verified against Solana RPC.

  • Calculationconfidence 90%

    NVDAx trades at +48.6bps versus the NVDA reference price ($225.84020834164144 vs $224.7484).

  • Factconfidence 88%

    Tracked DEX liquidity is $2,959,808 with $455,602 of 24h volume across 30 pools.

  • Hypothesisconfidence 50%

    The positive premium is consistent with net token demand while reference-market arbitrage is constrained; it should compress when primary-market redemption 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 439511940(Solana mainnet (direct RPC))

    sha256:a473a02dc3d1f0c0389406ef3b16a6c9458d766ba4c8583294bbf3b330b3b9cc

  • onchainreliability: primary

    NVDAx largest token accounts(Solana mainnet (direct RPC))

    sha256:c9371b1765eaefc235b16f2c75f4bd03740310de6284c505e467e00da62a5e6b

  • marketreliability: high

    NVDAx DEX pools, liquidity, and volume(DexScreener aggregated venue data)

    sha256:eb4ed80f9944ceb792d427a9d861629edbb02cc6964d44f908effaadddb79fe8

  • marketreliability: high

    NVDAx token price and NVDA reference price(Jupiter price service)

    sha256:cc1956e521a7054427e7a1a69f0ee1fa465841e96e9e190845ae0f5f58405368

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 0.88 (high).

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:c17ac63f76bc9f0aa429efecaffb99d590d4d71f685b50066b84172ae96613c3

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.