gautham
Crypto Rails Eat TradFi
Crypto rails — tokenization and perps — are eating tradfi. RWAs are growing fast, perp-style exposure beats options, and tradfi players like Robinhood are coming onchain because they see it too.
Result
Since it started (Oct 1, 2026 – Oct 11, 2026): −2.7%. Over the same days: ETH −13.5%, BTC −3.8%.
What it holds
- Perp venue economics, 27% of the money, +42.0% over 3 months: HYPE.
- Stablecoin & tokenized-dollar rails, 21% of the money, +48.1% over 3 months: CRCL, ENA, ONDO.
- TradFi flow onchain, 23% of the money, +2.6% over 3 months: HOOD, COIN.
- Settlement layers & oracles, 14% of the money, +34.0% over 3 months: ETH, SOL, PYTH.
- Cash, 16%.
The idea
Follow the revenue through the stack. When trading and dollars move onchain, four layers get paid: the perp venues that take fees on every click (and now host tokenized stocks, FX, and commodities themselves), the stablecoin and tokenized-dollar issuers who earn the carry on reserves, the tradfi brokers rebuilding their take-rate onchain, and the settlement layers and oracles everything else rents from. We hold the clearest listed names in each layer, overweight to the venue that captures the most flow today, with 10% cash so the engine has room to rebalance.
What would prove it wrong: Tokenized asset AUM and perp DEX volumes both roll over for two consecutive months, or a tradfi-native venue (HOOD / COIN) overtakes HL in onchain perp fees.
FAQ
Can I make one from my own idea?
Yes. Write what you believe in plain words at https://f.xyz/create. fxyz asks a couple of questions, builds the portfolio and shows how it would have done over the last 3 months.
Can I turn a post on X into a theory?
Yes. Reply to the post and tag @fxyzai. It tests the view in the post and replies with the 3-month result and a link.
What can it trade?
Stocks (Tesla, Apple, Nvidia), crypto (Bitcoin, Ethereum, Solana), pre-IPO companies (OpenAI, Anthropic), indices (Nasdaq 100, S&P 500), commodities (gold, silver, oil, copper) and currencies (EUR/USD, USD/JPY). One theory can mix them, and bet for or against any of them.
How does it react to news?
On each check it reads the last two days of news on its biggest holdings and says whether the idea still holds. It can make one small change at a time: trim or drop one holding by up to 5 points. On autopilot the change waits 10 minutes so the owner can skip it; otherwise it asks first.
How do I run it with real money?
For real money, tap Make it mine, open your copy and choose Use real money, with an exchange connected: Hyperliquid, Lighter, Lighter (Robinhood), Backpack, Pacifica or Binance. The money stays in your own account there. fxyz can place trades, but it can never withdraw.
Can the AI get it wrong?
Yes. fxyz's AI turns the idea into holdings, and it can get that wrong: add a coin or stock that doesn't fit, or miss one that does. Check the holdings before you put money in. In your own copy, ask its chat to add or drop any of them.
What do the 3-month numbers mean?
What $100 would have done holding this mix over the last 3 months, at real prices. It is a what-if, not a record: past or simulated results are no promise of future ones, and nothing here is investment advice.