I can’t take it anymore—$MET just slammed the “on-chain launchpad × US stocks” straight into the contract order book.
Binance perpetuals just printed around 0.378; opening around 0.302; high around 0.414; up about +25% in 24h. Volume was nearly 1e8 U, with roughly 820k trades. Over the week, it surged from about 0.20 to about 0.38—basically doubled.
Solana Compass wrote: Meteora 9/15 routed the DBC quotes to Backpack’s tokenized US stocks. In the first batch, StockLaunch can use Apple, Nvidia, and Tesla as quote assets, and the trading fees can be distributed into the stock tokens based on how long you hold them. Then on 9/16, Migration Keepers also followed up.
My take is—this story hasn’t cooled yet; the money is heating up the contracts first. But funding is still wobbling in negative funding rates. In a combo like “hot board, cold funding,” the short-term mood is most likely to flip on a dime.
Binance perpetuals just printed around 0.378; opening around 0.302; high around 0.414; up about +25% in 24h. Volume was nearly 1e8 U, with roughly 820k trades. Over the week, it surged from about 0.20 to about 0.38—basically doubled.
Solana Compass wrote: Meteora 9/15 routed the DBC quotes to Backpack’s tokenized US stocks. In the first batch, StockLaunch can use Apple, Nvidia, and Tesla as quote assets, and the trading fees can be distributed into the stock tokens based on how long you hold them. Then on 9/16, Migration Keepers also followed up.
My take is—this story hasn’t cooled yet; the money is heating up the contracts first. But funding is still wobbling in negative funding rates. In a combo like “hot board, cold funding,” the short-term mood is most likely to flip on a dime.
