Stock memes have been one of the hottest narratives recently, and the data suggests the trade might not be over just yet.
According to DefiLlama, Flap has generated roughly $39 million in gross protocol revenue so far in Q3. For perspective, it did just $3.8M in Q2. That's nearly a 10x increase.
What caught my attention was how quickly some of these Flap-launched stock memes started gaining traction across the Binance ecosystem. Tokens like $MARSCOIN and $牛来 made it to Binance Alpha, eventually reaching Binance Spot.
And Binance + BNB Chain are still supporting the category, including $4 million in incentives through BNB Stonks Szn.
But I think the more interesting part is what comes next: Permissionless launches paired against practically anything: stocks, RWAs, crypto, other tokens.
First came Solana memes. Then came Robinhood memes. I think stock-paired memes could be the next big trade.