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PancakeSwap Taps Into Tokenized Stocks With Apple, Amazon, Tesla Contracts

Pancakeswap officially enters the space of token actions by launching perpetual contracts for three major American actions.

The rise in platforms offering token stocks highlights the true potential of this sector.

PancakesWap is part of token stocks space

In his latest announcement, Pancakeswap – one of the main protocols DEFI on the BNB channel – has officially launched perpetual contracts for three emblematic American actions: Apple (AAPP), Amazon (AMZN) and Tesla (TSLA). These contracts are deployed on Pancakeswap V3 and support the lever effect up to 25x.

“Pancakeswap perpetuates are non-expiring derivative contracts that allow you to speculate on the price of an asset, including the crypto, and now actions, without really having the underlying asset. You can go for a long time or short, exchange with a lever effect and access markets 24/7,” said the ad.

This movement marks the first time that a Dex has developed in the equity derivative sector. It represents a significant progression for the DEFI in the integration of traditional assets, a trend commonly called RWA (active world).

According to Rwa.xyz data, the stock market in Tokenized has reached a market capitalization of $ 374 million, up 220% since June. The monthly transfer volume is around $ 330 million. Algorand ordered 66% of the token market market share, mainly driven by exodus exodus shares.

PancakeSwap Taps Into Tokenized Stocks With Apple, Amazon, Tesla Contracts
Tokenized stock market. Source: Rwa.xyz

“If only 1% of global actions were tokenized, the market could exceed US $ 1.3 tms, which stimulates significant growth in chain assets and challenge infrastructure to general adoption,” said a research report in Binance.

The same research report on the Binances indicates that active chain addresses have increased from 1,600 to 90,000. However, centralized exchanges surpass the platforms on chain of more than 70 times in the volume of trading in tokenized actions.

From a positive perspective, this gap also highlights the growth potential of Dex platforms in this emerging sector.

The centralized scholarships are currently exceeding negotiation activity on the channel in July. Source: Research in binance
The centralized scholarships are currently exceeding negotiation activity on the channel in July. Source: Research in binance

A protocol specializing in the tokenization of American actions, XSTOCKS, exceeded $ 2 billion in total negotiation volume only three months after the launch. This growth indicates an explosive and promising demand for commercial actions in tokenized form. However, competition with previous movers has a major challenge for Pancakeswap.

The data shared on X show that Pancakeswap has recorded a positive increase in users and a trading volume in July. The platform has generated more than $ 188 billion in cash trading volume, representing 43% of the DEX negotiation volume market.

The launch of perpetual action contracts could continue to be a key growth engine for Pancakeswap in the coming months.

The Post Pancakeswap operates tokens with Apple, Amazon, Tesla contracts, appeared first on Beincrypto.

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