Looking back to Gong Jin's time, the 20-year DeFi Summer was so lively, bringing not only a large amount of hot money, but also incubating phenomenal projects such as Compound and Uniswap, laying the groundwork for the big bull market in 2021. Nowadays, perhaps the only way to revive that prosperity and glory is through the RWA tokenized stock market. Speaking of tokenized stocks, in recent years, various "cryptocurrency stocks" and "RWAs" have sprung up like mushrooms in the cryptocurrency industry. Various projects have said they want to put real assets on the chain and bring US stocks into the DeFi market, but how many have actually landed? Most of them are PPTs with a lot of pie charts, but very few are actually made. The launch of Gate's gStocks is truly a real move, making it possible to bring traditional stocks into the DeFi ecosystem through a "1:1 real stock reserve+free exchange+unified account" approach! Let's break it apart and talk about: one ️⃣ Real stock endorsement Behind every gStocks token is a tangible stock reserve. It's not air or synthetic assets, it's stocks bought with real money. This avoids the risk of anchor detachment. What you are buying is not a "shell" token, but a token supported by real assets. The rise and fall are synchronized with the US stock market, and dividends are also distributed accordingly. two ️⃣ Zero threshold fragmented stock trading In the past, buying US stocks required opening an overseas account and a minimum deposit requirement. Companies like Tesla and Nvidia, which cost several hundred dollars per share, are simply unaffordable for retail investors. GStocks starts directly at 1 USDT, buy any broken stocks at will. Order book matching is exactly the same as the currency circle trading habit, so it is unnecessary to bother any securities dealer to open an account. three ️⃣ Two way exchange, 0 transaction fee This is the most amazing. GStocks tokens can be exchanged with real stocks at any time, and there is no transaction fee for both directions. If you want liquidity, hold tokens and play on the chain; If you want real stocks, withdraw them anytime. This flexibility is something that traditional securities firms simply cannot achieve. four ️⃣ Unified account, maximizing fund efficiency This is what I value the most. GStocks directly connects to Gate's unified account system. The stock tokens you hold are not lying in your wallet eating dust, but can: Mortgage lending with leverage Put it into the surplus coin treasure to earn interest • Automatically receive dividends • Quantitative robot strategy for running API integration with professional trading systems Look, the utilization rate of funds has instantly increased. In the past, buying stocks could only wait for dividends and price increases, but now there are more things to play with. Recalling the DeFi Summer era, liquidity mining incentives led to a crazy influx of external incremental funds, fully activating capital. The scenario of gStocks is to integrate the most hardcore traditional financial asset "stocks" off chain into on chain DeFi games, bridging the worlds of real and encrypted assets, activating funds, and fully leveraging capital efficiency. This is the correct way to open 'Defification'. In the future, I can imagine that gStocks will integrate more gameplay, such as cross chain liquidity pools, stock+contract hedging strategies, AI agent automated trading, institutional level quantitative strategies, and so on. The efficiency of the entire ecosystem can reach several levels. And this logic is not just about stocks. Bonds, commodities, real estate, and so on, any real asset can be tokenized and DeFi converted in the same way. Gate is building a DeFi operating system that combines stocks, asset management, and automated trading. Finally, let me share my opinion. To be honest, in recent years, the gameplay of relying solely on the rise and fall of coin prices in the cryptocurrency industry has become increasingly difficult. The market needs more assets with 'real returns'. Dividends, interest, rent, and other cash flows from traditional finance are the key to overcoming cycles. In the direction of gStocks, I happen to step on this node. Revitalize the high-quality assets of traditional finance with the flexibility and efficiency on the chain. This path has been taken, and it may truly open up a win-win situation for the integration of traditional finance and the crypto world. Of course, the project is just starting out, and the extent to which it can be achieved in the future depends on Gate's execution ability and market acceptance. But at least, this direction is correct. I am still very much looking forward to it! If you, like me, want to break free from the passive gameplay of relying solely on the rise and fall of coin prices, and want to diversify asset allocation and improve fund efficiency, gStocks is worth paying attention to.