Svmuu News: Driven by the buzz surrounding SpaceX’s initial public offering (IPO), trading activity in the tokenized stock market reached a record high in June, with on-chain trading volume totaling $3.86 billion—a 145% increase from May.Of this total, trading volume for tokenized SpaceX shares reached $1.19 billion, accounting for approximately 31% of the total tokenized stock trading volume in June. The SPCX token, launched by Backpack Securities, became the most actively traded tokenized SpaceX stock product, with monthly on-chain trading volume reaching $1.08 billion.
Data shows that this growth was primarily driven by demand for SpaceX-related assets. Previously, SpaceX completed a $75 billion IPO—the largest in history—with a fully diluted valuation of approximately $1.8 trillion. NVIDIATraditional popular assets such as Tesla, the S&P 500 ETF (SPY), and the Nasdaq 100 ETF (QQQ) remained actively traded, but none matched the market enthusiasm surrounding SpaceX’s tokenized stock.In addition, the total market capitalization of the tokenized stock market rose to $1.53 billion in June, a 6.64% increase from the previous month, marking the 15th consecutive month of growth. (CoinDesk)