PancakeSwap officially enters the tokenized stocks space by launching perpetual contracts for three major US stocks.
The rise of platforms offering tokenized stocks highlights this sector’s true potential.
PancakeSwap enters the tokenized stocks space
In its latest announcement, PancakeSwap — one of the leading DeFi protocols on the BNB Chain — officially launched perpetual contracts for three iconic US stocks: Apple (AAPL), Amazon (AMZN), and Tesla (TSLA). These contracts are deployed on PancakeSwap V3 and support leverage of up to 25x.
“PancakeSwap Perpetuals are non-expiring derivative contracts that let you speculate on the price of an asset, including crypto, and now stocks, without actually owning the underlying asset. You can go long or short, trade with leverage, and access the markets 24/7,” the announcement stated.
This move marks the first time a DEX expands into the equity derivatives sector. It represents a significant advancement for DeFi in integrating traditional assets, a trend commonly referred to as RWA (Real-World Assets).
According to data from RWA.xyz, the tokenized stocks market has reached a market cap of $374 million, up 220% since June. Monthly transfer volume sits at around $330 million. Algorand commanded 66% of the tokenized stock market share, mainly driven by the EXOD stock from Exodus.
“If just 1% of global stocks were tokenized, the market could exceed US$1.3T, driving significant growth in on-chain assets and DeFi infrastructure toward mainstream adoption,” a Binance Research report emphasized.
The same Binance Research report states that active on-chain addresses surged from 1,600 to 90,000. However, centralized exchanges outperform on-chain platforms by over 70 times in tokenized stock trading volume.
From a positive perspective, this gap also highlights the growth potential for DEX platforms in this emerging sector.
A protocol specializing in US stock tokenization, xStocks, has surpassed $2 billion in total trading volume just three months after launch. This growth signals an explosive and promising demand for trading stocks in tokenized form. Yet, competition with earlier movers presents a major challenge for PancakeSwap.
Data shared on X shows that PancakeSwap recorded a positive increase in users and trading volume in July. The platform generated over $188 billion in spot trading volume, accounting for 43% of the DEX trading volume market.
The launch of perpetual stock contracts could continue to be a key growth driver for PancakeSwap in the coming months.
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