Every article about bStocks today quotes one number. I opened the page they all cite and it shows a different one.
The mechanism. Token Terminal's Market cap for tokenized stocks is value tokenized onchain, price times supply, grouped by issuer. Today's story: bStocks passed xStocks into second place behind Ondo.
What you get. An outside scoreboard on the product. Public, no login.
What you pay. Three things.
1️⃣ The rank is thin. At 15:16 Kyiv the page showed bStocks $622.6M and xStocks $605.5M. A $17.1M gap on $622.6M is 2.8%. It was $45M on 3 August, $9.4M on Tuesday.
2️⃣ The comparison is not like-for-like. On that page every bStock lists one chain. Each xStocks asset lists six. bStocks are BEP-20 on BNB Smart Chain, the only rail in and out.
3️⃣ The issuer is not your ticker. Four tokens hold about half of that $622.6M, and two of them are down over 30 days while the issuer total is up.
Honest limits: one snapshot, one afternoon. Market cap mixes price with supply, so a fall can be the stock, not redemptions.
Read the row for your ticker, not the rank of its issuer.
@BinanceCIS which chain besides BSC will bStocks settle on?
$SPCXB
#bstockscis
The mechanism. Token Terminal's Market cap for tokenized stocks is value tokenized onchain, price times supply, grouped by issuer. Today's story: bStocks passed xStocks into second place behind Ondo.
What you get. An outside scoreboard on the product. Public, no login.
What you pay. Three things.
1️⃣ The rank is thin. At 15:16 Kyiv the page showed bStocks $622.6M and xStocks $605.5M. A $17.1M gap on $622.6M is 2.8%. It was $45M on 3 August, $9.4M on Tuesday.
2️⃣ The comparison is not like-for-like. On that page every bStock lists one chain. Each xStocks asset lists six. bStocks are BEP-20 on BNB Smart Chain, the only rail in and out.
3️⃣ The issuer is not your ticker. Four tokens hold about half of that $622.6M, and two of them are down over 30 days while the issuer total is up.
Honest limits: one snapshot, one afternoon. Market cap mixes price with supply, so a fall can be the stock, not redemptions.
Read the row for your ticker, not the rank of its issuer.
@BinanceCIS which chain besides BSC will bStocks settle on?
$SPCXB
#bstockscis
I go by rankings
34%
I check my ticker's own row
33%
Didn't know it's one chain
0%
I track neither
33%
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