important announcement: if you are a company wanting to IPO, get in touch with Backpack to get your stock integrated into solana defi day 1
it will bring volumes from millions of users all over the world
think @Backpack is by far the most underrated exchange, it's not close
no fee on/off ramps for fiat, transparent reserves for borrow/lend, and even zec support (even shielded!)
and now finally stocks onchain done right
super receptive to feedback always
recommend highly
NEW: @Backpack'S TOKENIZED $SPCX FLIPS $HYPE IN 24H SPOT VOLUME ON @solana@Backpack CEO @armaniferrante says " $SPCX just became not only highest 24hr volume market on @solana, but the highest volume stock in network history "
They say, "the next big thing starts looking out like a toy."
Memecoins were the toy.
The next big thing is here.
$SPCX just became not only highest 24hr volume market on @solana, but the highest volume stock in network history.
Internet capital markets are here.
$SPCX has surpassed $100M in onchain volume since launch.
Momentum is still going strong with 24/7 trading — powering a breakout week for tokenized stocks on Solana.
Issued by @Backpack Securities. Brought to @Solana by Sunrise.
NEW: @Backpack CEO @armaniferrante TELLS COMPETITOR @xStocksFi "IF YOU WANT TOKENIZED SPCX WITH THE BEST ONCHAIN PRICES AND DEEPEST LIQUIDITY, IT'S VIA @sunrisedefi"
COMPARES BACKPACK’S $SPCX 24H ON-CHAIN VOLUME ON @solana ($36.36M) VS. @xStocksFi'S $4.35M
The 24hr volume on @solana right now
Backpack - 36.36M
xStock -4.35M
If you want tokenized SPCX with the best onchain prices and deepest liquidity, it's via @sunrisedefi.
The biggest IPO in history priced on Nasdaq Friday.
That same day, it had an onchain market. $SPCX, issued by @backpack Securities and brought onchain via @sunrisedefi, traded $51M across 51 markets on @Solana in its first 24 hours.
For the first time, the lag between a public listing and liquid onchain markets went to zero.
The onchain numbers, measured independently by Birdeye Data ⬇️