LMAX: Stablecoins and Tokenization Are Fixing Crypto’s Settlement Bottleneck LMAX Group’s Jenna Wright argues crypto markets break less from scarce capital than from liquidity stuck in slow settlement cycles, making stablecoins and tokenization critical infrastructure.
Views per post sit far below this size band
1.3 average views per post against 8,046 subscribers — an engagement rate of 0.016%. Across the 8,336 registered channels in the same cohort — 3,163–9,999 subscribers, posting mainly in English — the middle half sit between 3.55% and 20.0%, with a median of 9.27%.
| Window | 30 days (13 July 2026 – 12 August 2026) |
|---|---|
| Posts measured | 55 of 55 published in the window (55 exact, 0 rounded by Telegram) |
| Views totalled | 72 |
| Mature posts only | 0.017% over 47 posts read at least 24h after publication |
| Subscribers | 8,046 measured 11 August 2026 |
| Cohort | b3162:eng · 8,336 channels · p10 1.18% · p25 3.55% · p50 9.27% · p75 20.0% · p90 36.6% |
| Position in cohort | 0.084th percentile · 1/500 the cohort median |
| Uncertainty | ±0% of the figure, from Telegram’s rounding |
| Post language | English · 100.0%of the window’s posts |
When this is recorded. A channel is listed here only when its engagement rate sits at or below the 1st percentile of its cohort and is at least 3× away from that cohort’s median — below it — on both the all-readings figure and the mature-only figure. The percentile alone would be circular: a percentile cut puts the same share of every cohort in the tail whatever the data looks like. The distance from the median is what makes it a statement about this channel.
This is not a verdict, and the direction is not a quality signal.A low rate has many innocent causes — audiences that read in the Telegram app without opening the channel, a subscriber base built long before the current output, an audience in a different timezone from our reading. A high rate has innocent causes too: a post that travelled far beyond the channel’s own subscribers will do it. We publish the measurement and the distribution it sits in. The full cohort baselines are downloadable, so this comparison can be reproduced rather than trusted.
