Dune data shows Binance’s stock token product, bStocks, recorded $6.123 billion in trading volume over the past week, marking a record high. On average, 99% of that activity was concentrated in the Nasdaq-100 ETF stock token QQQ, making it the clear driver of recent flows. Since mid-July, bStocks’ daily trading volume has climbed from the hundreds of millions of dollars to the billion-dollar range. The data also points to rapid asset growth: bStocks’ assets under management have reached about $680 million, above xStocks at roughly $597 million. The figures highlight how heavily current activity is centered on the QQQ token and show that bStocks has pulled ahead of xStocks by AUM, based on the Dune data cited by PANews.
PANews reported on July 30 that, according to Dune data, Binance stock tokens bStocks posted $6.123 billion in trading volume over the past week, a new all-time high.
The data shows that an average of 99% of the weekly volume was concentrated in QQQ, the stock token tied to the Nasdaq-100 ETF.
QQQ accounted for most of the activity
Since mid-July, daily trading volume for bStocks has risen from the hundreds of millions of dollars to the billion-dollar range, with QQQ serving as the main driver.
AUM moved above xStocks
bStocks’ assets under management have also reached about $680 million, above xStocks, which stands at roughly $597 million.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
