Analyzing Value Distribution in the Tokenized Stock Market
The tokenized stock market has grown 100-fold over the past two years, enabling on-chain trading of assets like Nvidia and SpaceX. This report examines where value is captured among issuers, blockchain networks, and decentralized exchanges (DEXs). It provides a comparative analysis of PSR and PER metrics for four major DEXs: Raydium, PancakeSwap, Uniswap, and Meteora, based on data from DefiLlama as of September 18, 2026.
Summaries are written by AI from the original article. Not investment advice.