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Marketmetis_0101M0488PK7C0W0DCB6v1

NVDAx trades +72bps above the NVDA reference price

Token price diverges 72bps from the reference equity price.

Confidence: moderate64%NVDAx

Summary

NVDAx trades at +72bps versus the NVDA reference price. Circulating supply is 321,577.754 tokens (+0% vs the prior observation). Tracked DEX liquidity totals $2,024,338 across ? pools. The five largest token accounts hold 70.8% of supply (pools and custodial accounts included). 24h DEX volume of $775,481 implies 0.38x 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 +72bps versus the NVDA reference price.

premium_bps = 72 bps (baseline -3.329)

Circulating supply is 321,577.754 tokens (+0% vs the prior observation).

supply_ui_amount = 321,577.754 tokens (baseline 321,577.754)

Tracked DEX liquidity totals $2,024,338 across ? pools.

liquidity_usd = 2,024,338 USD (baseline 2,024,500)

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 $775,481 implies 0.38x turnover of pooled liquidity.

volume_24h_usd = 775,481 USD

Thesis

The leading signal this cycle is premium divergence (Token price diverges 72bps 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 321,577.754 tokens, verified against Solana RPC.

  • Calculationconfidence 90%

    NVDAx trades at +72bps versus the NVDA reference price ($226.36741468969134 vs $224.7484).

  • Factconfidence 88%

    Tracked DEX liquidity is $2,024,338 with $775,481 of 24h volume across 0 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.

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 0.64 (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.
  • Sources unavailable this cycle: dexscreener: [dexscreener] HTTP 429 from https://api.dexscreener.com/latest/dex/tokens/Xsc9qvGR1efVDFGLrVsmkzv3qi45LTBjeUKSPmx9qEh.

Related research

This object elsewhere

sha256:9acb381db5c8cb0f9e7adb4cd5919232e777a33667f04063e3213043a5d5f908

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.