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Tokenized assets are growing. But where is the actual trading happening? @PanteraCapital latest report puts the gap into perspective: -> $67.8B in tokenized equity perp volume in June -> $4.2B in tokenized equity spot volume -> ~16x more volume in perps My take: demand for price exposure is moving faster than spot markets for tokenized equities. Issuing the asset is one step. Building deep liquidity around it is another. IMO the gap worth watching.

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