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

Odaily reports Driven by the hype surrounding SpaceX's initial public offering (IPO), the tokenized stock market hit an all-time high in trading activity in June, with on-chain transaction volume reaching $3.86 billion, a 145% increase from May. Of 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 tokenized SpaceX 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 a $75 billion IPO, setting a record for the largest IPO in history. On a fully diluted valuation basis, the company is valued at approximately $1.8 trillion. Traditional popular assets such as Nvidia, Tesla, SPDR S&P 500 ETF (SPY), and Invesco QQQ Trust (QQQ) maintained active trading but did not reach the market heat of tokenized SpaceX stock. Furthermore, the total market capitalization of the tokenized stock market rose to $1.53 billion in June, a 6.64% increase from the previous month, marking the 15th consecutive month of growth. (CoinDesk)