SEC has given tokenized stock trading a temporary green light—$HYPE surged 78% in a month, and $UNI even jumped 142% straight up. This effectively signals official tolerance for using on-chain AMM models to conduct traditional stock trading, and its significance goes far beyond the surface.
I previously thought DEXs doing stocks was something out of reach, but now Hyperliquid’s on-chain order book suddenly has a compliant path. If a temporary exemption becomes a long-term policy, DEXs that truly invest in infrastructure will see flows from traditional finance.
The perpetual contracts heat leaderboard is also worth watching: ZEC climbed to second place, FIL remains firmly in the top ranks, and SOL and DOGE are both in the top ten. Even smaller coins are squeezing in—the market’s risk appetite is widening.
Anthropic’s IPO may be delayed to November, but on-chain there are already $79 million in futures positions betting on the outcome. SUI entered the top twenty in attention; the logic behind DeFi infrastructure tokens is being repriced.
What’s truly interesting is that once traditional stock liquidity and on-chain AMMs are connected, it’s anyone’s guess who can capture this wave of inflows.
I previously thought DEXs doing stocks was something out of reach, but now Hyperliquid’s on-chain order book suddenly has a compliant path. If a temporary exemption becomes a long-term policy, DEXs that truly invest in infrastructure will see flows from traditional finance.
The perpetual contracts heat leaderboard is also worth watching: ZEC climbed to second place, FIL remains firmly in the top ranks, and SOL and DOGE are both in the top ten. Even smaller coins are squeezing in—the market’s risk appetite is widening.
Anthropic’s IPO may be delayed to November, but on-chain there are already $79 million in futures positions betting on the outcome. SUI entered the top twenty in attention; the logic behind DeFi infrastructure tokens is being repriced.
What’s truly interesting is that once traditional stock liquidity and on-chain AMMs are connected, it’s anyone’s guess who can capture this wave of inflows.