Tokenized stocks on Solana ($SOL ) saw daily trading volume surge to $657 million on Monday—more than double any day since September. Backpack alone accounted for $598 million.
People used to dismiss tokenized stocks as a solution in search of a problem, but these numbers prove them wrong. Want to build a position before the U.S. market opens? On-chain trading is available 24/7, with no need to wait for the opening bell. With volatility this high on election night, on-chain markets are actually the first to react.
The broader market is moving in step: Democrats won the Senate, the dollar weakened, gold rose back above $4,000 overnight, and silver surged to $51. Money is clearly flowing in two directions: toward hard assets as a safe haven, and toward new assets going on-chain. Canton just received an SEC no-action letter, and the rails for bringing traditional finance on-chain are being built one by one.
But don't get carried away just yet. Markets are still pricing in a 70% chance of a Fed rate hike in December, Friday brings the jobs report, and Iran is deploying underwater drones and limpet mines in the Middle East. The accounting for the four tankers hit by mines isn't even finished. Election-driven gains are fueled by sentiment, and they can come and go fast.
$BTC knocking on the door of $78,000 looks exciting, but the two-day ETF outflow tally of $1.04 billion is right there in black and white. Whether this rebound can turn into a reversal will depend on this week's data.
NFA DYOR
#RWA #代币化股票 #Solana #比特币 #Federal Reserve
People used to dismiss tokenized stocks as a solution in search of a problem, but these numbers prove them wrong. Want to build a position before the U.S. market opens? On-chain trading is available 24/7, with no need to wait for the opening bell. With volatility this high on election night, on-chain markets are actually the first to react.
The broader market is moving in step: Democrats won the Senate, the dollar weakened, gold rose back above $4,000 overnight, and silver surged to $51. Money is clearly flowing in two directions: toward hard assets as a safe haven, and toward new assets going on-chain. Canton just received an SEC no-action letter, and the rails for bringing traditional finance on-chain are being built one by one.
But don't get carried away just yet. Markets are still pricing in a 70% chance of a Fed rate hike in December, Friday brings the jobs report, and Iran is deploying underwater drones and limpet mines in the Middle East. The accounting for the four tankers hit by mines isn't even finished. Election-driven gains are fueled by sentiment, and they can come and go fast.
$BTC knocking on the door of $78,000 looks exciting, but the two-day ETF outflow tally of $1.04 billion is right there in black and white. Whether this rebound can turn into a reversal will depend on this week's data.
NFA DYOR
#RWA #代币化股票 #Solana #比特币 #Federal Reserve