You can now trade a memecoin against a tokenized stock. Nobody expected this to come! That sounds like a joke until you see the numbers.đ„±
From 26 July to 9 September, those markets did about $2.49B on Robinhood Chain and $2.90B on $BNB Chain.
In one Robinhood Chain sample, 32.1% of stock token DEX volume came from trading against other tokens, mostly memecoins.
Tokenized stocks are becoming quote assets. Turnover can rise without needing more buy and hold demand.
You can read the full BINANCE report here: https://www.binance.com/research/analysis/when-stocks-become-on-chain-assets
#Macro Insights# #BNBChain#
From 26 July to 9 September, those markets did about $2.49B on Robinhood Chain and $2.90B on $BNB Chain.
In one Robinhood Chain sample, 32.1% of stock token DEX volume came from trading against other tokens, mostly memecoins.
Tokenized stocks are becoming quote assets. Turnover can rise without needing more buy and hold demand.
You can read the full BINANCE report here: https://www.binance.com/research/analysis/when-stocks-become-on-chain-assets
#Macro Insights# #BNBChain#
