On-chain data analytics website DefiLlama anonymous founder 0xngmi posted on the X platform that Figure wanted him not to do due diligence on the company and tried to pressure it through public and private smears. 0xngmi pointed out that the value of DefiLlama is that users trust to provide good data, and it is crucial to provide high-quality data that meets users' expectations and can help them make the right decisions. Figure claims to have reached $12 billion in RWA on their chain, but DefiLlama found something strange when investigating:
Figure only has $5 million worth of BTC and $4 million worth of ETH on the exchange (of which Bitcoin's 24-hour trading volume is only $2,000);
2. Figure's own stablecoin YLDS supply is only 20 million, and theoretically all its RWA transactions should be based on this;
3. Most of the transactions in Figure's transfer of RWA assets appear to have been carried out by accounts other than those holding those assets.
4. The vast majority of Figure's loan process is completed through fiat currencies, and there are few on-chain payments.
So DefiLlama isn't sure how 12 billion dollar assets are traded when there are so few assets available for trading on the chain, and since most holders don't seem to be transferring these assets with their own keys, whether they're just mirroring their internal database onto the chain.
DefiLlama founder: Pressured for investigating and questioning Figure's claims of RWA data
2025-09-13 11:47:19
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
DefiLlama创始人：因调查并质疑Figure声称的RWA数据遭到施压Next article：
国家网信办公开征求意见：鼓励金融机构探索使用数字人民币等新型支付方式开展跨境支付
