Tokenized stock trading volume reached nearly $3 billion weekly in August, driven by Robinhood Chain, BNB Chain, and Solana, which dominate blockchain-based equity trading. This growth highlights the rapid expansion of markets allowing investors to trade traditional stocks on public blockchains, though only about 5% of tokenized equities are used in decentralized finance applications like lending or collateral. The tokenized stock market capitalization stands at around $3 billion, much smaller than the $34.3 billion tokenized funds market, indicating room for growth especially if tokenized stocks gain wider use in DeFi. Robinhood's tokenized stocks offer economic exposure without legal ownership, limiting U.S. access and pointing to future growth depending on broader adoption in financial services.
Open interest in altcoin futures for ZEC, BNB, ARB, XRP, and SOL has surged, with ZEC reaching a record $2.4 billion amid a price rally past $1,000 that liquidated $34 million in shorts. This rise reflects aggressive speculative leverage rather than ...
Binance has launched perpetual futures contracts for two new crypto tokens: PONS from Robinhood Chain and HAJIMI from BNB Smart Chain. PONS, a utility token with a deflationary model, offers up to 20x leverage and nears a $1 billion market cap, while...
Tokenized equity trading volume reached nearly $3 billion weekly in August, driven mainly by Robinhood Chain, BNB Chain, and Solana. Despite this growth, only about 5% of tokenized stocks are used in onchain financial applications, with total value l...
Binance Coin (BNB) is maintaining a strong upward trend, trading around $713 after surpassing key moving averages, but faces resistance near $730 with potential short-term correction. Uniswap (UNI) has doubled in value recently, reaching over $6, but...
Kalshi, a CFTC-regulated platform, introduced perpetual futures contracts for BNB on September 4, allowing eligible US investors to trade BNB as a regulated derivative. This addition is part of a broader expansion including altcoins like Cardano and ...
