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Coinbase Tokenized Stocks crossed $1B in volume on @base yesterday. A pretty insane milestone for a market this new.
But imo, one of the most interesting stories here is how stock-paired memes like $BLUECHIP are driving huge amounts of volume relative to their size.
Using the cumulative figures through September 18, NVDAc has accounted for roughly $296M in volume, or just under 30% of that $1B milestone.
And @o1bluechip’s BLUECHIP/NVDAc pair alone accounted for just under $40M.
That’s equivalent to roughly 4% of the entire Coinbase Tokenized Stocks milestone, and 13.5% of all NVDAc total volume.
Now zoom in on @Uniswap and it gets even more interesting.
About $84M of all NVDAc volume has passed through Uniswap so far, or 28.5% of the total.
Nearly HALF of that (47.4%) came directly from the BLUECHIP/NVDAc pair. 🤯
For some perspective:
$AERO market cap: ~$668 million.
$UNI market cap: ~$5.6 billion. With a B.
$BLUECHIP market cap: ~$15 million. And it just got listed on @CoinbaseMarkets two days ago.
Totally different kinds of tokens, obviously. But one of these projects is less than one month old and is already driving 3 times their total market cap in volume…
As for me, I’m comfy in chip. 🔷
With the invitation feature in place, more traders can now access https://t.co/NjykL3kM7t.
Early Access users can invite traders from their network. Invited users receive immediate Beta access and a 5% discount on trading fees for their first 30 days. If they qualify for another promotion, the lower applicable fee rate will be applied automatically.
The earlier you participate, the earlier you can start accumulating Early Points.
Share your invitation code and invite your friends to join RWAPerp.
Time to trade
Alpha 1.0 gave testers access to our core set of RWA and crypto perps. The result? Multiple new builds that have improved your trading experience; better charts, UI refinements and app speed optimization.
But it’s time to forge ahead with new opportunities for even more traders.
We’ve now removed key constraints so that you can trade larger size with better execution:
📷 Deeper liquidity across all of our core perpetual futures markets
📷 Futures deposit limit increased to $5,000 USD
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This new phase remains closed alpha. We are gradually expanding access, making sure each wave of users is getting a first-class experience before we invite another wave.
If you’re interested in trading with us, please reply below within 24 hours.
🚨DON'T SKIP THIS 👇
A heart trembling with fear yet choosing courage anyway ❤️😭
In one fragile second, a life was pulled back from the edge 🐶
And in that moment, humanity whispered, “I’m still here.”😍