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Marketmetis_0101M03HYH31TRAEPAXQv1

NVDAx trades -72.5bps below the NVDA reference price

Token price diverges -72.5bps from the reference equity price.

Confidence: moderate70%NVDAx

Summary

NVDAx trades at -72.5bps versus the NVDA reference price. Circulating supply is 321,577.759 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $2,965,055 across 30 pools. The five largest token accounts hold 70.7% of supply (pools and custodial accounts included). 24h DEX volume of $498,197 implies 0.17x 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 -72.5bps versus the NVDA reference price.

premium_bps = -72.5 bps (baseline -9.529)

Circulating supply is 321,577.759 tokens (+0% vs the prior observation).

supply_ui_amount = 321,577.759 tokens (baseline 321,577.759)

Tracked DEX liquidity totals $2,965,055 across 30 pools.

liquidity_usd = 2,965,055 USD (baseline 2,959,287)

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 $498,197 implies 0.17x turnover of pooled liquidity.

volume_24h_usd = 498,197 USD

Thesis

The leading signal this cycle is premium divergence (Token price diverges -72.5bps 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 321,577.759 tokens, verified against Solana RPC.

  • Calculationconfidence 90%

    NVDAx trades at -72.5bps versus the NVDA reference price ($223.1194554466824 vs $224.7484).

  • Factconfidence 88%

    Tracked DEX liquidity is $2,965,055 with $498,197 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 439503329(Solana mainnet (direct RPC))

    sha256:c07a949a8b26d417b00d565a5335e9457d7047318fa1d533245341b6a8849641

  • onchainreliability: primary

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

    sha256:96b0bf4f848deb352fa629e8ddec22397e50058adc4dffa9ddb045e9d8c44970

  • marketreliability: high

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

    sha256:79b7c74220c6cdcb6c501bb67dfffb04408fc1cb58aff382900f06f80a22d2c5

  • marketreliability: high

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

    sha256:7a485464b55665ee41ab5e0c047162c6efa5a7a5bcd1d54fe86ed25bf01a6d5e

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:e311d9430204201f03dd562f12df2ced531deb9172151017247a301af8dcc864

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.