There is no doubt that the United States stock trade has become a new trend in currency circles. When we talk about the dollar trade, we tend to look at "a competition between the CEX and Hyperliquid."。

Solana, this public chain, which is central to the competitiveness of a wide range of players, has received less attention in the US stock trade track. However, they have entered this latest round market battle。

Solana is fighting for a monetized stock market on the winning chain. War

From the recent movement of Solana officials, it is clear to us that in the recent past there has been a large number of tweets related to American stock deals on its chain. The previous night, Solana announced that monetized MU shares were officially launched on Solana。

Apparently, as a public chain, Solana has also made US stock trading the most important recent development. In terms of data, they are also doing quite well, and they are playing an absolute lead in the competition for US stock exchanges between public chains。

One week after SpaceX IPO, Solana recorded $104 billion in single-week currency exchange transactions. Of this amount, $SPCX transactions amounted to $439 million, representing 91.7 per cent of all SpaceX transactions in tokenized shares。

In the past week (6.15-6.21), the transactions of monetized shares on Solana reached nearly $1.3 billion, compared to approximately $1414.45 million and $12.915 million, respectively, in Base and BNB, and only about $31.28 million, in the case of the Internet of the Taipei Owners。

Compared with CEX, Binance has traded nearly $500 million in tokenized shares over the past week, followed by nearly $220 million in Gate and $107 million in Bybit. And in May of this year, Solana also traded around $870 million, just after Binance (about $1.1 billion), Gate (about $188 million) and Bitget (about $880 million)。

PropAM made an important contribution to this achievement. For example, in the past week Zerofi, Goonfi, Tessera, and others, PropAM are ranked only after Orca and Raydium。

These self-employed AMMs, managed by professional traders, are 100% market-owned, and unlike traditional simple x*y=k, open-source passive AMMs, these PropAMs are actively priced, closed-sourced, mobile, usually undisclosed, with no front-end, but through the polymer route, and each block can even produce more than 50 ms of updated offers and avoid MEV attacks。

Solara is already small compared to mainstream CEX in the price of spot assets. And in terms of this off-the-shelf efficiency advantage, Solana's main trade-offs of DEX are all monetized stocks。

"American share, DeFi."

While Solana has gained momentum in the currencyized stock spot market, the volume of long-term contracts is still much larger than the cash. Perp DEX stock is traded at billions of dollars in the past week:

Solana will certainly follow up on this section. However, there is still room for development beyond the trading of cash in monetized shares. The portfolio of tokenized stocks is the potential advantage of Solana。

The chain provides more and more flexible revenue channels for monetized stock silos than simple stock exchanges to generate returns. On platforms such as Jupiter, Raydium and Kamino, users can either use the monetized shares held for borrowing or provide liquidity. Users can implement some combination strategies for their monetized shares, such as partial borrowing, and partly to provide liquidity。

In addition to these conventional DeFi strategies, there are more recent new games in Solana. Nest allows users to forge a stable currency through monetized shares or USDC。

nusd can pledge, get snusd, get revenue from the agreement (projected annualization of 6 per cent) and dividends。

ONCE THE AGREED INCOME IS DISTRIBUTED, THE REMAINDER WILL BE USED TO REPURCHASE AND DESTROY THE GOVERNANCE TOKEN $NEST。

While looking forward to more fresh play, it is even more desirable for Solana to extend the deFiization of stocks (e.g. more intuitive guidance from mobile phone App) into the chain of players through collaboration with projects in the ecology. Combining cross-chain asset entry, such as Sunrise, creates a network effect that creates surprising differential competitive effects in derivatives markets for coinized shares。