After seeing this news, I've been pondering the impacts and opportunities it presents, especially since xStocks has already deployed major stock tokens on Solana, and several second and third-tier CEXs have launched collaborations with @xStocksFi. Let me briefly share my thoughts: Currently, @xStocksFi coming to @BNBCHAINZH might benefit them even more than the benefits Bnbchain receives, though it’s likely a win-win situation. Why? I took a look at several major stock tokens they issued on Solana ($NVDAx, $TSLAx, $COINx, etc.), and the on-chain data is quite dismal. I captured a screenshot showing that $NVDAx is one of the better performers, with a total trading volume of only $160,000 in a day, while $GOOGx has a mere $50,000 in daily volume. Is this really the new hot spot in the crypto world? This trading volume, which can be described as loud thunder but little rain, is hardly significant, right? So far, @xStocksFi is likely still losing money while trying to gain attention. ~~~~~~~~~~~~~~~ Why is coming to Bnbchain beneficial for xStocks? ▶️ A larger user base The user base on Solana is largely composed of users from Europe and America, who can easily trade US stocks through Robinhood or other brokers. The main user base of Bnbchain is in East Asia (China, Japan, Korea), Southeast Asia, Turkey, etc., especially with a significant number of Chinese users. With the recent surge of interest in US stocks on Twitter, more and more Chinese users are considering opening bank accounts and US stock accounts in Hong Kong, but for most retail investors, this still presents a high barrier to entry, creating a strong demand market. Buying US stocks on-chain has its advantages compared to brokers like Futu and Tiger: 1. No need for KYC, and it’s unlikely to be taxed in the future. 2. Low trading fees; traditional brokers take about 1% (0.5% commission + 0.5% platform fee), while on-chain US stocks have very low fees. 3. Brokers have minimum trading amounts, but on-chain stock tokens can be split (friendly for small retail investors). ▶️ More DeFi support Currently, the biggest issue with stock tokens is their very poor liquidity, which should not only depend on the number of users but also on whether there is DeFi Lego support. I hardly see any DeFi protocols doing anything innovative on @RaydiumProtocol’s pools on Solana, but on @BNBCHAIN, besides @PancakeSwap, other DeFi protocols might consider getting involved, such as @lista_dao and @VenusProtocol. Is it possible for @Aster_DEX to offer leveraged trading for these stock tokens? I think it’s quite likely. Of course, I believe more developers need to create protocols around stock tokens, think outside the box, and attract more web3 users, even those from web2 who face barriers to buying US stocks. Remember why we used to play with Mirror’s US stock tokens? Because of the airdrops. Could new projects attract people to provide liquidity for US stock tokens to initiate airdrop expectations? Very possible. ~~~~~~~~~~~~~~~ Of course, I think if it’s just the current "Seven Sisters" of US stocks, we are still a bit far from igniting market FOMO. If last month’s $Circle listing had allowed xStocks to seize the opportunity to deploy on-chain immediately, it would have exploded. Additionally, I suspect there will be projects that announce "integrating xStocks US stock tokens as gameplay props" to bring about secondary market activity; it’s normal to chase trends. In summary: The arrival of @xStocksFi’s US stock tokens to Bnbchain marks a significant step towards a deeper market. Whether this narrative can truly sustain itself and become something that genuinely impacts the lives and investments of Web3 and Web2 players remains a long journey ahead. If @binance can list these US stock tokens, I believe the progress can be much greater; at least I am definitely considering trading these US stock tokens on Binance rather than going to Futu. After all, the depth on-chain compared to the real US stock market is like night and day, and I’m hesitant to buy more; I’ll take it step by step. @cz_binance, will Binance list stock tokens on the main site? ☺️☺️