š Is on-chain stock trading volume 2x that of US stocks? First, be clear about what youāre buying.
On October 22, xStocks posted that the tokenized stock VIDAx had twice the trading volume of VIDA on traditional exchanges over the past 30 days on Solana. Solanaās official account reposted it with the line, ātoken supercycle is here.ā
But the numbers are already starting to ādriftā:
š¹ xStocksā original post said ā2xā
š¹ SolanaFloor said ā248% more,ā which is actually close to 3.5x
š¹ Another post put it at āabout 2.5xā
Three versions of the same figure. The official account hasnāt disclosed its methodology (which pools and exchanges are included), and people in the comments are already asking about it.
Two other points matter more than the numbers:
š¹ One X user pointed out that VIDAx is a tracking certificate issued by Backed, backed 1:1 by VIDA shares held in custody by a third party. Holders get price exposure, not shareholder rights, and redemptions have to go through Backed and incur a fee.
š¹ Another Chinese-speaking user found that the āMeme coins with the same namesā as the dozen-plus companies whose xStocks have launched are all down more than 93%, with an average drop of 97.48%.
My take: 24/7 trading is a real advantage for on-chain stocks, and it makes sense that small-cap stocks are more active on-chain. But trading volume ā market depth. Whether the after-hours price tracks the underlying stock and how wide the spread is are what determine whether itās worth buying. Also, meme coins with stock names and tokenized stocks are two different thingsādonāt confuse them.
Would you buy tokenized US stocks over the weekend, or do you only trust your brokerage account? š
#代åøåč”ē„Ø #Solana #RWA #xStocks
On October 22, xStocks posted that the tokenized stock VIDAx had twice the trading volume of VIDA on traditional exchanges over the past 30 days on Solana. Solanaās official account reposted it with the line, ātoken supercycle is here.ā
But the numbers are already starting to ādriftā:
š¹ xStocksā original post said ā2xā
š¹ SolanaFloor said ā248% more,ā which is actually close to 3.5x
š¹ Another post put it at āabout 2.5xā
Three versions of the same figure. The official account hasnāt disclosed its methodology (which pools and exchanges are included), and people in the comments are already asking about it.
Two other points matter more than the numbers:
š¹ One X user pointed out that VIDAx is a tracking certificate issued by Backed, backed 1:1 by VIDA shares held in custody by a third party. Holders get price exposure, not shareholder rights, and redemptions have to go through Backed and incur a fee.
š¹ Another Chinese-speaking user found that the āMeme coins with the same namesā as the dozen-plus companies whose xStocks have launched are all down more than 93%, with an average drop of 97.48%.
My take: 24/7 trading is a real advantage for on-chain stocks, and it makes sense that small-cap stocks are more active on-chain. But trading volume ā market depth. Whether the after-hours price tracks the underlying stock and how wide the spread is are what determine whether itās worth buying. Also, meme coins with stock names and tokenized stocks are two different thingsādonāt confuse them.
Would you buy tokenized US stocks over the weekend, or do you only trust your brokerage account? š
#代åøåč”ē„Ø #Solana #RWA #xStocks