xStocks weekend DEX volume jumps from $2.4 million to $55.2 million

Share

The median weekend-day trading volume for xStocks tokenized stocks rose from $2.4 million in July to $55.2 million in September, a roughly 23-fold increase in two months, all on days when the New York Stock Exchange was closed. xStocks issues SPL tokens on the Solana blockchain, each backed 1:1 by a US stock or ETF, with Raydium handling approximately 75% of trading activity. The flagship product is SPYx, tracking the S&P 500 ETF. Projections put average monthly volumes for tokenized equities between $7.9 billion and $18 billion by year-end.

Source: Read the original article

Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

Read More

Items