๐ The DEX ratio measures how much of an asset's trading happens directly on-chain (via decentralized exchanges) rather than through a centralized platform - it's a signal of how "crypto-native" the trading activity really is.
Memecoins have long dominated this kind of on-chain trading, averaging 17% in September. A year ago, tokenized stocks barely registered at near 0%. Now they average 11% - even briefly overtaking memecoins in late July.
It's a sign that shares of real companies are starting to behave like crypto-native assets: traded, moved, and used on-chain around the clock.
๐ Full report โ https://www.binance.com/en/research/analysis/rewriting-the-on-chain-economy?ref=XM45FR0F&utm_source=BinanceWA&utm_medium=GlobalCommunity&utm_campaign=GeneralPosts#Binance #BฤฐNANCEnews #BinanceCryptoHub #BinanceSquareFamily
Memecoins have long dominated this kind of on-chain trading, averaging 17% in September. A year ago, tokenized stocks barely registered at near 0%. Now they average 11% - even briefly overtaking memecoins in late July.
It's a sign that shares of real companies are starting to behave like crypto-native assets: traded, moved, and used on-chain around the clock.
๐ Full report โ https://www.binance.com/en/research/analysis/rewriting-the-on-chain-economy?ref=XM45FR0F&utm_source=BinanceWA&utm_medium=GlobalCommunity&utm_campaign=GeneralPosts#Binance #BฤฐNANCEnews #BinanceCryptoHub #BinanceSquareFamily