Our new Blockworks dashboard for Backpack is live.
Over the past 7 days, onchain volume in Backpack-issued DJT was equivalent to roughly 14% of its TradFi counterpart’s volume. PTN was around 7% and RACE 6.5%.
These are already material numbers relative to the traditional markets for those stocks.
Clear evidence that onchain trading is already reaching material volumes relative to these stocks’ traditional markets. This is why I’m bullish on
@solana ×
@Backpack ×
@sunrise building a serious market for tokenized equities.