SpaceX IPO Drives Record Tokenized Stock Trading, On-Chain Volume Reaches $3.86 Billion in June

Odaily Planet Daily News Driven by the excitement surrounding SpaceX's Initial Public Offering (IPO), the tokenized stock market saw record trading activity in June, with on-chain transaction volume reaching $3.86 billion, a 145% increase from May. Among this, trading volume for tokenized SpaceX stock reached $1.19 billion, accounting for approximately 31% of the total tokenized stock trading volume in June. The SPCX token, launched by Backpack Securities, became the most actively traded SpaceX tokenized stock product, with a monthly on-chain trading volume of $1.08 billion.

Data indicates that this surge was primarily driven by demand for SpaceX-related assets. Previously, SpaceX completed an IPO valued at $75 billion, setting a record as the largest IPO in history. Based on a fully diluted valuation, the company is estimated to be worth approximately $1.8 trillion. Traditional hot assets such as Nvidia, Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) continued to trade actively but did not reach the market heat of SpaceX tokenized stocks. Additionally, the total market capitalization of the tokenized stock market rose to $1.53 billion in June, up 6.64% from the previous month, marking the 15th consecutive month of growth. (CoinDesk)