Pax Silica widens the wedge
Plus: market clouds gather
“Arriving at one goal is the starting point to another.” – John Dewey
Hello everyone!! Why is it not Friday yet…
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Tokenized US fund wallets by chain: what drives concentration?
Arbitrum leads with 12,571 wallets, 93% of which are Theo’s thBILL. Solana (8,703) is 85% Ondo plus Etherfuse. Sui (6,318 wallets) is 100% Ondo. Chain wallet rankings are a ranking of where one issuer chose to distribute a retail product.
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IN THIS NEWSLETTER
Pax Silica widens the wedge
Markets: clouds gather
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WHAT I’M WATCHING:
Pax Silica widens the wedge
This has been a big week for Pax Silica, the US effort to create an us-vs-them, sorry I mean unified AI hardware supply chain network. It has therefore also been a big week for the widening global divide between the two main hemispheres of influence.
Some background:
