On Aug. 9, Trade.xyz, the so-called on-chain Nasdaq, used perpetual contracts to provide continuous trading and real-time price discovery while traditional markets were closed for the weekend, effectively pricing Monday's U.S. and South Korean equity sessions. Most of the platform's popular U.S. stock tokens were above Friday's after-hours levels: SpaceX at $135.90 (up 1.34%), Marvell Technology at $220.97 (up 1.03%), Alphabet at $357.57 (up 0.8%), Nvidia at $224.59 (up 0.35%), Intel at $101.93 (up 0.24%), Micron at $880.58 (up 0.07%), and SanDisk at $1,219.05 (down 0.08%). The readings suggest U.S. stocks may open broadly firmer on Monday. Korean perpetuals also rose, with Samsung Electronics at $167.62, up 2.3% from a reference close of $163.91, and SK Hynix at $1,019.25, up 0.8% from $1,009. This illustrates how crypto perpetuals can bridge weekend gaps that traditional finance cannot cover.
On Aug. 9, with traditional markets closed for the weekend, Trade.xyz — the so-called "on-chain Nasdaq" — used perpetual contracts to keep trading and price discovery running, effectively pricing Monday's U.S. and South Korean sessions in advance.
Most of Trade.xyz's popular U.S. stock tokens traded above Friday's after-hours levels:
- SpaceX: $135.90, up 1.34% from Friday's after-hours $134.096;
- Marvell Technology: $220.97, up 1.03% from $218.70;
- Alphabet: $357.57, up 0.8% from $354.70;
- Nvidia: $224.59, up 0.35% from $223.80;
- Intel: $101.93, up 0.24% from $101.68;
- Micron: $880.58, up 0.07% from $880.00;
- SanDisk: $1,219.05, down 0.08% from $1,219.98.
The current readings suggest U.S. stocks may open broadly firmer on Monday.
Popular Korean names also moved higher in perpetuals: Samsung Electronics stood at $167.62, up 2.3% from Friday's reference close of $163.91, and SK Hynix at $1,019.25, up 0.8% from $1,009.
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