2025-12-30 00:31:02

The on-chain stock track has been quite active recently. The total market capitalization has already surpassed $1.2 billion, with two clear growth waves occurring in September and December of this year. This indicates that tokenized equity is moving from early small-scale experiments toward genuine large-scale expansion.

Let's look at what happened in September—Backed Finance launched the xStocks product on Ethereum, directly covering about 60 stocks. By integrating with mainstream exchanges for distribution, more users are able to access this type of product. This move marks the beginning of substantial growth momentum in the market.

December's growth is equally noteworthy. This sustained expansion is not a flash in the pan but reflects the gradual release of genuine market demand for tokenized equity. From product innovation to trading distribution and market cap scale, all aspects are advancing in sync.

ETH-1.23%

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MoonRocketman

· 8h ago

Breakthrough of 1.2 billion dollars, RSI momentum is still on the upper band of the Bollinger Bands. This rhythm feels off; we need to see if the September launch window can hold steady.

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FlippedSignal

· 8h ago

1.2 billion dollars broken? Backed's move is indeed interesting, with 60 stocks directly on the blockchain. This time, it's not like before, just bluffing.

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LiquidationSurvivor

· 8h ago

1.2 billion dollars, sounds like a lot, but can it really be implemented? Backed's recent move is interesting, just not sure about the trading depth. Honestly, I'm still a bit skeptical about whether it can sustain... It's another "scaling expansion," we said the same last year. Whether this round of growth continues or not depends on December's data. xStocks covers 60 stocks? Feels still too few. Backed's distribution strategy is good, but it needs to attract mainstream users to really take off. Wait, is this institutional entry or retail traders speculating? The difference is huge. The term "flash in the pan" is perfectly used here; I bet it won't last this time either. Tokenized equity sounds impressive, but is the liquidity really there?

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WhaleWatcher

· 8h ago

1.2 billion USD, sounds good, but I don't know how long this wave can last. Tokenized stocks have always been loud but not impactful; let's see if they will rise again next year. The Backed operation was indeed interesting, but there are many copycat coins. If this track really takes off, it should have done so already. Talking about scaling now is a bit too optimistic. We'll see when institutions actually step in; right now, it's all retail investors hyping themselves up. I didn't see anything special in December's gains; maybe it's just year-end speculation. On-chain stock concepts have been around for years, but it's still the same old story. Has anyone really made money, or is this just another new scam? Is this time different? I think it's just like the wave from a couple of years ago—here today, gone tomorrow.

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CrashHotline

· 8h ago

1.2 billion USD? Now on-chain stocks are really not just a game anymore. The Backed move was indeed clever, directly deploying 60 stocks, which is about grabbing the narrative. Will it really sustain or is it just another round of harvesting retail investors? Let's see. Will xStocks become the next target to be delisted by exchanges... Tokenized equity is going to be popular, so when will the institutions truly step in?

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MetaMisery

· 8h ago

1.2 billion dollars, sounds pretty good, but I still feel it's a bit too niche. The wave of xStocks definitely has some potential, but are there really many people using it? Can this growth be sustained, or is it just another round of hype? Wait, why does the name Backed Finance sound so familiar... As for on-chain stocks, honestly, it's still a bit redundant. Why not just trade real stocks directly? Two waves of growth just to call it scaled expansion? That's a bit too optimistic. Sustainable expansion? I'd like to see how it turns out next year, let's wait and see.

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