Ações tokenizadas da TSLA impulsionam XStocks a superar US$ 2 bilhões em volume diário de negociação

O mercado de ativos digitais acaba de presenciar um marco histórico: as ações tokenizadas da Tesla (TSLA) estão liderando a plataforma XStocks a romper a barreira de US$ 2 bilhões em volume diário de negociação.

O que está por trás do frenesi?

Investidores estão migrando em massa para exposição fracionada e liquidez 24/7 – enquanto os tradicionalistas resmungam sobre 'modinha' entre um café superfaturado. A corrida para tokenizar tudo – de ações a imóveis – ganha força, e a XStocks está surfando na onda.

Estratégia ou FOMO? O volume fala por si.

Kraken remains the leading market for XStocks

XStocks expanded their role after launching on Kraken at the end of June, opening the market to 60 tokenized equities, as Cryptopolitan reported.

Kraken remains the biggest single market with XStocks assets under management. The total value of all tokenized XStocks is around $43M, with $8.7M of those carried by Kraken. 

Currently, a little over 25K wallets hold XStocks, as they compete for attention with other crypto trends. For now, XStocks shows promise of being one of the widely accepted standards for tokenized shares, with the potential to gain sufficient liquidity. 

Tokenized TSLA shares take the lead

Tokenized TSLAx shares are the most preferred stock for trading. They are the first tokenized asset to attract over 10K users. The tokenized shares issued are valued at over $12M, with $6.8M in daily trading. 

TSLAx is the most popular tokenized stock and the first one with over 10K holders. | Source: Dune Analytics

Gate, Raydium, and XT.com make up the bulk of TSLAx trading. However, unlike regular tokens, XStocks are not as easily traceable. The contract address will not reveal the top trader whales or any insider transfers between wallets. 

Based on Dune Analytics data, on-chain volumes have transferred nearly $395M in volumes. However, the new type of assets is not as transparent. The TSLAx stock almost exactly tracks the price of TSLA, with a slight premium. 

Interest in MSTRx, Strategy’s tokenized stock, closely follows TSLAx, with some daily fluctuations. S&P500 in tokenized form also commands significant volumes, though a lower number of holders. 

Currently, XStocks is on a mission to spread its new assets to multiple protocols and platforms. Kamino Lend has also added the tokens as potential collateral, though the most commonly used deposit wallets still do not contain XStocks. The tokenized shares are also spreading to smaller markets almost daily, though with no guaranteed interest or volumes. 

Stocks are a relatively small part of tokenized RWA, far surpassed by private debt and bonds. Around $400M in stocks have been tokenized in various platforms, either for top public companies, or as an attempt to raise funds through a tokenized IPO.

Around $375M is in tokenized public equity, with a smaller share of private equity. XShares has achieved a significant share of total tokenization in just over a month since the launch of its assets on Solana.

Some of the tokenized stocks are mostly experimental, or trade with extremely low volumes. There is also no clear standard on reporting and reserves, as some stocks represented on-chain may only track the price of the asset, without an underlying reserve. 

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