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

Odaily reported that driven by the hype 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 volume in June. The SPCX token launched by Backpack Securities became the most actively traded tokenized SpaceX stock product, with a single-month on-chain volume of $1.08 billion.

Data indicates that this surge was primarily fueled by demand for SpaceX-related assets. SpaceX previously completed a $75 billion IPO, setting a record for the largest IPO in history. Based on a fully diluted valuation, the company's valuation is approximately $1.8 trillion. While traditional popular assets such as Nvidia, Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) continued to trade actively, none matched the market heat of tokenized SpaceX stock. 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)