POPA ReconBinance Research: When Stocks Become On-Chain Assets
Binance Research: When Stocks Become On-Chain Assets Trading activity is scaling faster than the asset base and distribution is becoming a key growth variable (bStocks and Robinhood increased from 0.8% of tracked issuer volume in June to 82.3% in August and 87.8% in September MTD) Utility is beginning to catch up with issuance. DeFi Active TVL rose from US$21.6M to US$289.1M YTD, taking DeFi TVL from 2.2% to 7.2% of active market cap. Source
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