xStocks Tesla price

🚨 The dawn of tokenized equities on blockchain is here, and @solana is leading the charge. ✍️ In a bold move, @BackedFi launched @xStocksFi on June 30, 2025, introducing over 60 tokenized stocks to both centralized and decentralized platforms—an ambitious step in reshaping digital finance. 💹 The market's response? Electrifying. In just four days, DEXs on Solana saw trading volumes surpass an impressive $20 million, capturing an astounding 95% of the total trading volume across multiple blockchain platforms. Clearly, traders have spoken, and Solana is their preferred stage for tokenized equity trading. 🗓️ On the very first day, enthusiasm surged with $1.3 million in trades. @Strategy's tokenized equity ($MSTRx) initially led, capturing around 30% of volume. Yet, investor preference shifted swiftly. Major players like S&P 500 ($SPYx) and @Tesla ($TSLAx) quickly rose to dominance. Notably, $SPYx surged ahead on July 2, achieving a remarkable daily trading volume of $4.67 million—54% of the day's total trades. 🥇 Yet, even amidst this flux, clear winners emerged. $SPYx solidified its position as the most traded asset, commanding over $7.6 million in cumulative volume—a dominant 37.4% market share. $TSLAx followed with $4.1 million, while @circle's $CRCLx secured third place with $3 million traded. 👥 Investor behavior offered intriguing insights. Unique active wallets peaked impressively above 6,500 on the second day but fell to fewer than 2,900 by day four. Interestingly, despite fewer unique participants, transaction counts soared to over 23,000 trades on July 3. Yet, the journey ahead for tokenized equities on Solana isn't without challenges. Liquidity remains relatively thin in certain pools—an expected hurdle at this nascent stage. However, the initial success and enthusiastic investor participation point toward a promising future, potentially redefining equity trading as we know it. Will tokenized equities sustain this momentum on Solana? Only time—and market liquidity—will tell. Stay tuned. Read the full piece: 👇🔗

Recently, when I opened Twitter, the screen was full of U.S. stock tokenization. It's no exaggeration to say that if you've not been discussing this for the past few days, it probably means that you have lost touch with the market. "U.S. stocks on the chain" is the biggest hot spot in the market this week. Robinhood launched a stock tokenization service in Europe, while xStocks also launched on Kraken and Bybit. Solana DEX and the Arbitrum ecosystem began to list AAPLx, TSLAx and other trading pairs, and a new set of narratives such as stock tokenization was quickly rolled out. But if you only see the heat and don't understand the structure, then you may become a leek in this narrative. In my opinion, stock tokenization is not essentially a "token", but a stress test of on-chain finance: Can the Web3 world really host the issuance, trading, pricing, and redemption of mainstream financial assets? It's not a heat, it's a structural stress test of on-chain finance From my perspective, our industry narrative is constantly evolving in cycles. As early as 2019, both Binance and FTX tried to tokenize U.S. stocks, but both were eventually shut down by regulators. Mirror Protocol, which used synthetic assets to simulate U.S. stock prices, also died with the Terra crash and SEC regulation. This is not a new thing, but the industry was not very mature at that time. And today's stock tokenization is not a reckless experiment, but a compliance path led by licensed institutions such as Robinhood and Backed Finance. This is a critical watershed. Taking Robinhood as an example, the stock tokenization service it launched in Europe this time has taken an unprecedented closed-loop path of "broker-owned + on-chain issuance". Instead of simply listing a price on the chain, Robinhood is licensed in the EU on its own, buying real US stocks, and issuing 1:1 mapped tokens on-chain. From custody, issuance, to clearing and settlement, and user interaction, the whole process is connected, and the trading experience is basically close to the combination of securities account + wallet. In the early stage, they deployed these tokens on Arbitrum to ensure that the speed and cost of on-chain transactions were controllable, and later they planned to move to the self-built Robinhood Chain, which means that the entire infra should also be controlled by themselves. Although the voting rights cannot be opened yet, because it is necessary to avoid governance supervision, the overall structure can already be seen in the prototype: it is like establishing an almost independent "on-chain securities trading system" at the structural level. For the crypto industry, this is the first time to see a traditional online brokerage, not only has autonomy on the issuance side, but also has carried out a deconstruction of the on-chain structure of assets. From reckless trials to compliance closures This round of stock tokenization is not accidental, as I have repeated before. Essentially, several core variables resonate at the same point in time. The so-called right time, place and people, probably that's it. First of all, there is the loosening of the regulatory level and the clarity of the direction. For example, MiCA in Europe has officially landed, and the SEC in the United States has stopped blindly firing the hammer and has begun to release some signals that "can be talked about and can be done". Robinhood was able to launch its stock token service in the EU so quickly because of its securities license in Lithuania; The fact that xStocks is connected to both Kraken and Bybit is also inseparable from the compliance structures it has built in Switzerland and Jersey. At the same time, since the funds on the chain are indeed looking for new assets to export, the structure of the funds in the market has changed. The gap between traditional financial markets and crypto non-MEME markets is only going to get smaller. Looking at the present, there are a bunch of projects on the chain that have no fundamentals but have ultra-high FDV, and there is no place for liquidity to go there, and stable funds have also begun to find "anchor and logical" asset allocation outlets. At this time, regular armies such as Robinhood and xStocks come in with compliant structures and trading experiences, and stock tokens become attractive. It's familiar, it's stable, it has a narrative space, and it's also tied to stablecoins and DeFi. The combination of TradFi and Crypto has gone deeper and deeper. From BlackRock to JPMorgan Chase, from UBS to MAS, traditional financial giants are no longer standing on the sidelines, but are really building chains, running pilots, and doing infrastructure. As the most mainstream and recognizable asset, stocks will obviously become the preferred choice for tokenization. Is the on-chain of traditional assets an opportunity for crypto or a threat to projects? Jiayi's subjective view: Looking ahead, stock tokenization will most likely not be an explosive growth curve, but it has the potential to become a very resilient infrastructure evolution path in the Web3 world. The significance of this narrative lies in the fact that it has brought about two important structural changes: first, the asset boundaries have begun to truly migrate on-chain, and second, the traditional financial system is willing to use the on-chain method to organize part of the transaction and custody process. These two things, once established, are irreversible. So, is it good or bad for stocks to rush for Crypto project liquidity? In my opinion, this is a typical double-edged sword. It brings higher quality assets, but it also subtly rewrites the flow structure of funds on the chain. From the Front: 1. The entry of "blue-chip assets" in traditional finance has given new places for on-chain funds, and has also added some options for the allocation of "stable assets". In a market where the narrative rotates too fast and funds move for a long time, this kind of assets with a clear structure and realistic anchor points are actually helping liquidity regain the basic coordinates of "where to allocate and where to match". 2. At the same time, this will also bring about the "catfish effect". As soon as the strong narrative asset of U.S. stock tokenization came up, the benchmark of the entire chain was raised, which will inevitably push the overall quality of Web3 projects to go up. Let's just let the garbage project be eliminated from the market, in my heart. 3. Crypto players can directly buy stocks in the form of Cypto Native, which reduces the liquidity sucking of the large pool of Crypto by US stocks But look at it the other way around: 1. It also puts pressure on crypto-native projects. Not only will the narrative be robbed, but the capital structure and user preferences on the chain will also be slowly reshaped. Especially when tokenized stocks become liquid and start running perp, lending, and portfolio allocation, it will directly compete with native assets for stablecoin traffic, mainstream users, and on-chain attention. 2. For the project party: it will be difficult to obtain financing. When there is AAPLx, TSLAx, and in the future, tokenized private equity from OpenAI or SpaceX appear in the on-chain asset pool. Investors and users' intuitive judgments about "what is worth investing in" and "what has a pricing anchor" will migrate. Stock tokenization makes us rethink: Is Web3 a system that can carry mainstream assets and real trading behavior? Can we use an open financial structure to rebuild a securities system with lower friction and greater transparency than the traditional market?

Solana changed the game this week with the launch of xStocks, don't let this be forgotten It is now closer than ever to Toly's vision of being the decentralized Nasdaq You can trade on @ranger_finance and farm its airdrop Hyperliquid integration is coming too so keep an eye out for Ranger

📊 Solana Data Insights – Tokenized Stocks See $20M+ Volume in 4 Days via @xStocksFi ✍️ @ario_57_ Key takeaways from this report: • xStocks launched 60+ tokenized equities on Solana and CEXs on June 30; DEXs on Solana saw $20M+ volume in 4 days • Solana captured 95%+ of total tokenized stock trading volume across chains • $SPYx led with $7.6M in trades (37.4%), followed by $TSLAx ($4.1M) and $CRCLx ($3M) • AUM topped $48.6M across all xStocks; $SPYx leads with $6.9M, $METAx at $4.3M, $TSLAx at $3.4M • Trading peaked on July 2 ($8.55M), but dropped 55% on July 3; 23K+ total trades show growing per-user activity • Nearly 20K wallets now hold xStocks; $SPYx has 10K+ holders, $TSLAx 8.1K+, $NVDAx 5.5K+ Subscribe for the full breakdown 👇

Coin stocks? Poison? Bet? Withered? RWA is not an unfamiliar concept to everyone, so the biggest application of RWA is the stablecoin USDT (and USDC) in the first place, which is needless to say. Secondly, the most promising ones include bonds, stocks, real estate, etc. At the moment, it seems that stock tokens are already ahead of the curve 👉 What is Stock Tokenization? To put it simply, it is to turn the shares (or S&P 500 index) of companies such as Apple and Tesla into digital tokens on the blockchain. Typically, each token is backed by a 1:1 corresponding real stock backed by a regulated institution. 👉 How does it work? Physically backed (e.g. Backed Finance's xStocks): The tokens you buy directly correspond to real stocks, and can also be used to borrow money or earn interest in DeFi (decentralized finance). Derivatives (e.g. Robinhood): The token price follows the stock, but does not represent real equity (no voting rights, there may be dividends). More like a financial contract that tracks the price of a stock. 👉 Benefits for the average person: 24/7 Trading: Break the traditional stock market opening time limit. Lower cost: low or zero fees. Lower barrier to entry: It is easier to invest in overseas markets (especially U.S. stocks). 👉 How do key players play? 1. Backed Finance (Switzerland): What to do: Focus on making real assets (stocks, ETFs) into on-chain tokens (xStocks series). Features: ERC-20 token, supports multi-chain (Ethereum, Solana), and can be connected to DeFi. Is it reliable? Real shares are backed 1:1 and held in escrow by a third party, with publicly verifiable reserves using Chainlink technology. Where to buy? DEXs on Kraken, Bybit, Solana (e.g. Jupiter, Raydium) Representative products: SPYx (S&P 500), COINx (Coinbase), TSLAx (Tesla). 2. Robinhood: What to do: Push stock tokens (200+ US stocks/ETFs) in Europe. Features: 24/5 trading (near round-the-clock), zero commissions, only 0.1% forex fees. But note: it is a derivative and has no voting rights. Controversy: OpenAI and SpaceX tokens were listed, but OpenAI immediately declared that it had nothing to do with it and was unauthorized, causing a storm. Technology: First use the Arbitrum chain, and plan to build its own Layer 2 to support real 24/7 transactions. 3. China Market (Hong Kong First): GF Securities launched "GF Token", which supports multi-currency subscription and redemption, based on HashKey Chain. Guotai Junan International has been granted a virtual asset license and plans to expand its business. Core: Chinese financial institutions are actively exploring RWA (real world asset tokenization) opportunities through Hong Kong. 👉 Opportunities and Risks for Retail Investors: To Seize or To Avoid? Bright Opportunities: Easier to trade (free time, easy cross-border crossing). Lower cost (less processing fee). Easy access to global markets (especially U.S. stocks). Risks are eye-catching: Unclear regulation: The SEC and other institutions in the United States are still studying how to manage it, and although Europe is open, its policies may change (such as the licensing issue highlighted by the OpenAI incident). Asset security: In the unlikely event of a problem (bankruptcy, fraud) with the institution that holds the shares, the value of the token may "hit the streets". Price decoupling: Derivatives tokens or licensing disputes (e.g., OpenAI) can cause the token price to deviate from the actual value of the stock. Technology/Platform Risk: Blockchain vulnerabilities, trading platform runaways (think FTX) can all cause losses. 👉 What does the future hold? Stock tokenization is just the beginning. In the future, more "real world assets" (RWAs) such as bonds and real estate may be put on the chain, creating a more efficient financial system. This will increase transparency and reduce costs, but it may also impact traditional brokerages and clearing houses. The key is to look at two things 1. What is the regulation? 2. Does technology work?