Xstocks based on Solana have cleared a new milestone after their debut of 30 June, with a cumulative trading volume of $ 1.66 billion from 30 July.
According to that of the project official dashboard With Dune, the growth is overwhelming driven by centralized exchange activity (CEX). CEX volume is $ 1.57 billion, around 95% of the total, while decentralized locations amounted to $ 85.2 million.
On -chain transaction volume on the Xstocks ecosystem is $ 356.4 million, which indicates a significant token activity, even because most turnover off -chain occurs.
Xstocks are tokenized versions of shares published by a backed finance on the Solana Blockchain.
Aum is growing
Assets in Management (AUM) are approaching the $ 40 million, in which participation is extended to 24,528 unique holders.
Within that set, Tesla Xstock (Tslax) dominates both through the range and the balance. Tslax has 10,742 holders, more than any other list, and leads AUM to $ 8.88 million.
Completion of the top layer are Spyx with $ 4.76 million AUM, Nvdax with $ 4.39 million AUM, CRCLX with $ 3.67 million AUM, MSTRX with $ 3.38 million AUM and Googlx with $ 1.85 million AUM.
The ranking shows the appetite of investors about megacap techies, such as Tslax, Nvdax, Googlx, broad market exposure with Spyx and Crypto -lied stocks with MSTRX. The presence of CRCLX in the upper shares by AUM signals the interest in Stablecoin -commanding plays.
Cooling activity
Despite the headers, the activity cooled in the end of July. Transaction volumes on the chain fell around 1-2 July and the middle of the month from the early month in the vicinity of 15-21 July, with lower highlights.
Dex -trade shows the same pattern, with fixed peaks in the first half of the month, followed by lighter bars until July 29-30. The divergence suggests that the launch phase market is transferred to a more selective trade regime, with liquidity that focuses on larger lists and CEX rails.
The data from the first months paint a clear picture of how Xstocks are used. CEXS currently offers the deepest liquidity and closest spreads, which explains their dominance of turnover.
In the meantime, on -chain flows and dex volumes are useful but secondary, probably reflective portfolio in balance, transfers and a subset of users who prioritize self -supply and permissionless execution.