Tokenized Stocks Surge: Tesla and SPY Lead Market Growth Amid Ethereum’s Dominance
Main Idea
Tokenized stocks have experienced significant growth, with a 220% increase since June, reaching a market cap of $370M, led by Tesla and SPY, and are democratizing access to U.S. equities through blockchain technology.
Key Points
1. Tokenized stocks surged by 220% since June, reaching a market cap of $370M, with Tesla and SPY leading the market.
2. Active users of tokenized stocks increased from 1.6k to over 90k, reflecting strong investor interest.
3. Tokenized stocks operate on blockchain technology, enabling secure, lower-fee, and 24/7 trading of fractional shares.
4. Ethereum dominates the tokenized asset market with $4.6 billion in market cap.
5. xStocks by Backed Finance is a leading provider of tokenized stocks in Europe, with total trading volume surpassing $2 billion.
Description
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