MEXC’s July Highlights: Stock Futures Volume Up 111%, Tokenized Equities Take 62% of TradFi Spot
MEXC, a pioneer in 0-fee digital asset buying and selling, immediately launched its July buying and selling highlights. Robinhood Chain, launched July 1, provided six of the month’s ten most traded new listings. Individual Stock futures quantity grew 111% from June, and tokenized US stocks turned the most important class on the TradFi spot market.
The share of MEXC’s TradFi futures quantity coming from particular person shares has risen for 3 consecutive months, reaching 30% in July. That development outpaced theMEXC’s general TradFi futures phase, which expanded 27%. Gold was nonetheless the most important supply of TradFi futures quantity, whereas buying and selling exercise continued to shift towards particular person shares.
SanDisk futures ranked third by quantity in July, behind solely the 2 gold contracts. The flash reminiscence maker’s contract quantity grew greater than 15 occasions in a month and completed forward of silver, oil, and the S&P index.
Together, SanDisk, SK Hynix, and Micron produced 18% of all the pieces traded in TradFi futures throughout July. All three make the reminiscence chips that AI knowledge facilities eat, which is why The Motley Fool counts a one-year achieve near 700% for Micron and nearly 4,000% for SanDisk. MEXC lists storage corporations from the United States, South Korea, Japan, and China, so the entire world sector trades in a single place.
The two gold devices, XAU and XAUT, nonetheless ranked first and second, and collectively produced practically half of all TradFi futures quantity, and the bigger of them (XAU) grew 126% in a single month.
Tokenized US shares produced 62% of all TradFi spot quantity in July and have become the most important class on the spot market. Two months earlier, the group held simply two of the ten most traded spot seats. SpaceX, Circle, Micron, and Tesla all positioned in July’s prime ten, subsequent to gold, the euro, and oil.
Robinhood switched by itself blockchain on July 1, an Ethereum Layer 2 constructed on Arbitrum and designed for tokenized shares and different real-world belongings. MEXC listed the ecosystem’s breakout belongings early, and 6 of its ten most traded new listings in July got here from the chain.
Memecoins drew the primary flows, taking three of the ten most traded slots. Three utility initiatives adopted: a token launch service, a lender that accepts tokenized shares as collateral, and a protocol that pays holders in tokenized inventory. The remaining 4 slots went to different chains: two BNB Chain memecoins and two Solana initiatives — one memecoin and one SocialFi utility.
Memecoins additionally took over the achieve rankings. July’s ten strongest new listings averaged a peak of 1,371%, six of them memecoins, and only one tied to AI. A month earlier, the identical record skewed towards AI-linked tokens.
“When Robinhood put a blockchain on mainnet, our job was to have its belongings listed earlier than the gang arrived, and we did,” stated Vugar Usi, CEO of MEXC. “Speed to itemizing is how an alternate serves this market, whether or not the asset is a memecoin or a memory-chip future.”
MEXC held 4 featured campaigns in July, and greater than 100,000 customers registered for them. The largest, TradFi Gala, supplied a prize pool of as much as 1 million USDT for futures merchants and generated over 3.5 billion USDT in buying and selling quantity.
Airdrop+ is the platform’s giveaway program wherein customers full easy deposit and commerce duties and share in token prize swimming pools. July’s twelve campaigns paid out from a mixed pool above 500,000 USDT, and this system opened a second observe for large established tokens.
The full July report, with the entire token tables and marketing campaign knowledge, is out there here.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency alternate, trusted by greater than 40 million customers throughout 170+ markets. Built on a user-first philosophy, MEXC affords industry-leading 0-fee buying and selling and entry to over 3,000 digital belongings. As the Gateway to Infinite Opportunities, MEXC supplies a single platform the place customers can simply commerce cryptocurrencies alongside tokenized belongings, together with shares, ETFs, commodities, and valuable metals.
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