CryptoSlate reports memecoin pairs exceeded stock volume on September 2 amid blockchain experiments.
CryptoSlate posted data indicating that Robinhood stock tokens generated $217M in volume as memecoin trading pairs versus $127M as stocks on September 2. One HIMS-linked pool absorbed 53% of the tokenized float and briefly lifted the token to 4.6x the underlying share price. The activity forms part of ongoing tests where traders convert the permissionless blockchain versions of stocks into liquidity for continuous 24/7 crypto markets.
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CryptoSlate reports memecoin pairs exceeded stock volume on September 2 amid blockchain experiments.
CryptoSlate posted data indicating that Robinhood stock tokens generated $217M in volume as memecoin trading pairs versus $127M as stocks on September 2. One HIMS-linked pool absorbed 53% of the tokenized float and briefly lifted the token to 4.6x the underlying share price. The activity forms part of ongoing tests where traders convert the permissionless blockchain versions of stocks into liquidity for continuous 24/7 crypto markets.
CryptoSlate@CryptoSlate📊 DATA: Robinhood stock tokens did more volume as memecoin trading pairs than as stocks on Sept. 2: $217M vs. $127M. One HIMS-linked meme pool absorbed 53% of the tokenized float and briefly pushed the token to 4.6x the underlying share price.
CryptoSlate@CryptoSlate📊 DATA: Robinhood stock tokens did more volume as memecoin trading pairs than as stocks on Sept. 2: $217M vs. $127M. One HIMS-linked meme pool absorbed 53% of the tokenized float and briefly pushed the token to 4.6x the underlying share price.
