A bonding curve links token price to supply via a mathematical formula, enabling algorithmic liquidity. This article explains its mechanism, types, real-world uses in SocialFi and token launches, plus benefits and risks like slippage and MEV.

Bonding curves algorithmically link token price to supply via smart contracts, enabling continuous liquidity. This article explains how they work, common curve shapes, real-world uses in SocialFi and RWA, as well as risks like MEV attacks and SEC regulatory guidance.

Benchmark said the SEC proposal to remove Rule 611 and Rule 610(e) from Regulation NMS could become the most decisive regulatory change for crypto and tokenized asset market structure in 2026, with Securitize, Coinbase and Galaxy Digital named in its report.

Benchmark said in a new research note that the SEC’s proposal to repeal Rule 611 and Rule 610(e) under Regulation NMS could become one of the most decisive regulatory changes for crypto and tokenized asset market structure in 2026.

Benchmark said the SEC’s proposal to repeal Rule 611 and Rule 610(e) under Regulation NMS could become a decisive regulatory change for crypto and tokenized asset market structure in 2026.

Benchmark said the SEC’s proposal to repeal Rule 611 and Rule 610(e) under Regulation NMS could be one of the most decisive regulatory changes for crypto and tokenized asset market structure in 2026.

Benchmark said the SEC’s proposal to remove Rule 611 and Rule 610(e) from Regulation NMS may become one of the most decisive regulatory changes for crypto and tokenized asset market structure in 2026, affecting tokenized stocks, on-chain trading systems and AMM-based models.

Benchmark Equity Research said the SEC’s June 11 market structure reform proposal could rank among the most consequential regulatory moves for the U.S. crypto industry this year, especially if it repeals Rule 611 and Rule 610(e) under Regulation NMS.