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![Febers4 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1085039949307555840.png) Tat Thang [@Febers4](/creator/twitter/Febers4) on x 6936 followers
Created: 2025-07-09 07:33:45 UTC

xStocks Just Crossed $149M in Volume. But Is It Actually Working?

A deep look at the updated data, what’s working, and why usage keeps dropping off 👇

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Key Stats (10 Days):

→ $149.8M total transaction volume
→ $27.3M AUM (Assets Under Management)
→ $32.7M DEX volume
→ XXXXXX unique holders
→ Top assets: Tesla, SP500, Circle, MicroStrategy

Not bad at all. But zoom in, and the cracks start to show…

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Volume Drops After Each Spike

Two clear volume peaks:

🟢 July X → $8.5M
🟢 July X → $6.1M

But each time? Usage falls off fast.

No stickiness. No sustained momentum.

Why?

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xStocks is stuck between two worlds.

X. Too Trad for Degens
 
- No memes, no yield, no pump = no interest.
- Degens don’t care about Apple earnings or Coca-Cola stock.
    
X. Too Crypto for TradFi

- No dividends, no voting rights, no legal clarity.
- TradFi already owns these assets via trusted brokers.
    
So who is this for right now?

—
xStocks is early. And awkward. But promising.

Infra is here. Demand is scattered. But with the right moves, this could still become a major unlock for on-chain finance. 

We're still in chapter X.

—
What do you think

Will tokenized stocks become crypto’s next big wave?
Or is this just a temporary crossover?

![](https://pbs.twimg.com/media/GvZh0DXaYAEMqLG.png)

XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1942849639776219384/c:line.svg)

**Related Topics**
[zoom](/topic/zoom)
[sp500](/topic/sp500)
[holders](/topic/holders)
[$327m](/topic/$327m)
[$273m](/topic/$273m)
[$1498m](/topic/$1498m)
[$149m](/topic/$149m)
[tesla](/topic/tesla)

[Post Link](https://x.com/Febers4/status/1942849639776219384)