
Ai 姨|Sep 29, 2025 11:35
The real money makers in the gold rush are the people who sell shovels
The US stock market knockoff season has arrived, with the Dow Jones/NASDAQ/Standard Index collectively reaching new highs. The biggest beneficiaries are not only the esteemed US stock traders who buy and then lay flat, but also the "coin stock platform" that sells shovels
XStocks, as the only cryptocurrency issuer in the cryptocurrency industry with relatively sufficient liquidity, has seen a significant increase in its business data in recent times
▶ 4.38 billion US dollars in total platform trading volume
▶ 930 million total on chain transactions
▶ 32000 on chain holders
▶ Asset size (AUM) of 79.37 million US dollars
It can be seen that in addition to the overall data growth, the most intuitive and transparent on chain trading volume also presents a U-shaped structure. It reached its peak in the early stages of its launch in June, and then slightly declined in the following months. In September, when the US stock market performed strongly, it ushered in another small peak, with a single day trading volume of 25 million US dollars on September 18th
Isn't it good to directly speculate in the US stock market? Who is using xStocks for trading?
Who doesn't want to directly trade US stocks, but KYC/deposit/withdrawal/limit/language issues are not something that everyone can solve, and the user profiles of stock and cryptocurrency traders are highly overlapping. Therefore, "providing a fast US stock trading channel for cryptocurrency traders" is not a fake demand
It is not difficult to see from Dune's data that CEX accounts for the majority of xStocks' total trading volume, with Kraken leading the gap. When there are no good targets in the cryptocurrency circle, it can seamlessly trade 60+US stocks on the exchange 24/7 without threshold restrictions, no deposit and withdrawal troubles, and one click leverage; In addition, because it is a combination of the "cryptocurrency circle+US stock market", it is even possible to add LPs on the chain to enjoy transaction fees and mortgage loans, combining the gameplay of Web3. Daily play is really popular
BTW: It seems that Binance Wallet can now also be traded, for example, by directly searching for "TSLAX", the corresponding token with the xStocks icon next to it is the same as other tokens, and the trading experience is completely the same
Backed by Backed, each xStock is supported 1:1 by underlying securities and has already been connected to multiple CEX platforms such as Kraken, Bybit, Gate, and Bitget. This ensures that the security of funds is basically guaranteed - as long as the story of the US stock market does not end, there is still a long way to go to tell the story of xStocks
Finally, please attach the data source https://(dune.com)/xstocks/xstocks
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