SanDisk Stock Perpetual Futures Reach Record Volume Share as Tokenized Equity Trading Grows
Trading in stock-linked perpetual futures has surged to unprecedented levels, with SanDisk (SNDK) contracts reaching a record 62% of the company's US spot trading volume on August 19. This marks a significant milestone for tokenized equity markets and highlights growing interest from traders seeking exposure outside traditional market hours. The boom is highly concentrated in specific stocks such as Cirrus Logic (CRCL), SoFi Technologies (SOXL), MicroStrategy (MSTR) and Micron Technology (MU). While these names saw perpetual trading volumes reach up to 47% of their spot turnover, major tech firms like Nvidia and Meta remained below 3%, indicating uneven adoption. Binance's bStocks platform has also seen rapid growth in market capitalization, reaching $118.5 million within two months of its June launch. This positions it as a strong contender among tokenized equity platforms, intensifying competition with other players like xStocks and Ondo.
Tickers: $CRCL $CRUS $MSTR $MU $SNDK $SOXL
Topics: Binance crypto_platforms stock_perpetuals volume_analysis