Gate Stock Token Latest Updates: DRAM, HIMS, SHLD, IWM, FLNC Perpetual Contracts Are Now Live

According to official Gate announcements, the Gate Contract Stock Zone has officially launched five perpetual contract trading products on May 18, 2026 at 14:30 (UTC+8): DRAM (Roundhill Memory ETF), HIMS (Hims & Hers Health), SHLD (Global X Defense Tech ETF), IWM (iShares Russell 2000 ETF), and FLNC (Fluence Energy). All five products are settled in USDT, and support 1 to 20 times leverage for both long and short trading. Investors can flexibly choose their leverage multiple when placing orders according to their own strategies.

These newly listed products cover multiple areas, including semiconductors, remote healthcare, defense and military industry, small-cap stocks, and new energy storage and energy storage, further enriching the asset matrix of the Gate Contract Stock Zone. Below is a detailed review of the five new products.



## DRAM: The world’s first pure memory chip themed ETF

DRAM (Roundhill Memory ETF) is the world’s first actively managed ETF focused purely on memory chips, with heavy holdings in three major memory chip giants: Micron, SK Hynix, and Samsung Electronics, focusing on three core storage categories: DRAM, NAND flash, and HBM (High Bandwidth Memory).

Against the backdrop of a surge in AI computing demand, memory chips are entering a strong super cycle. Data shows that in the first quarter of 2026, DRAM spot prices rose by as much as 90% to 150%, while NAND flash prices increased in parallel by 70% to 85%. Multiple demands from AI servers, AI smartphones/PCs, and smart vehicles have pushed the memory chip industry into a new phase of high growth and high momentum.

As of May 13, 2026, DRAM’s trading price is approximately $54.54, providing investors with a convenient tool to directly participate in the memory chip sector.

## HIMS: The first U.S. telemedicine stock

HIMS (Hims & Hers Health Inc.) is a leading U.S. online telemedicine platform, built around a core service model of “online consultations + direct prescription drug delivery.” It covers multiple vertical fields including dermatology, hair loss treatment, mental health, and urology, serving consumers directly.

Recently, HIMS’s stock price has undergone a noticeable pullback. On May 18, HIMS fell 11.02% in a single day to $22.29. Over the past five trading days, the cumulative decline reached 23.51%. The immediate catalysts for the pullback include that the company’s first-quarter earnings performance came in below expectations and its planned $300 million convertible bond financing. However, in the long term, the penetration rate of the U.S. telemedicine market continues to rise. As an industry leader, HIMS’s fundamentals still have a certain degree of resilience.

## SHLD: A defense and military industry themed ETF

SHLD (Global X Defense Tech ETF) is an ETF that passively tracks a global defense and military industry index, with heavy holdings in major U.S. defense industry players such as Raytheon (RTX), Lockheed·Martin (LMT), and Northrop Grumman (NOC).

In a macro environment of increasing geopolitical uncertainty and ongoing expansion in global defense spending, the defense technology sector has maintained strong and sustained market attention. As of May 14, 2026, SHLD’s price is approximately $64.13, and its trading range over the past 52 weeks has been from 51.36 to 78.49. The launch of SHLD perpetual contracts provides investors with a tool that meets both the need for diversified allocation to the defense sector and the need for leveraged trading.

## IWM: A barometer for U.S. small-cap stocks

IWM (iShares Russell 2000 ETF) is the most mainstream small-cap ETF in the U.S. stock market, tracking the Russell 2000 Index, covering about 2,000 U.S. small- and mid-cap growth companies. It is an important indicator of the vitality of the U.S. domestic small- and mid-cap economy.

As of May 12, 2026, IWM’s net asset value is approximately $282.48, with a year-to-date gain of 14.93%. Its trading range over the past 52 weeks has been from 202.68 to 286.79. The constituent stocks of the Russell 2000 Index are mainly focused on the U.S. domestic economy. Against the backdrop of changing expectations for the Federal Reserve’s monetary policy, IWM often shows trend characteristics different from large-cap index benchmarks, making it a commonly used allocation tool for investors to diversify risk in the U.S. large-cap market.

## FLNC: A global leader in energy storage systems

FLNC (Fluence Energy Inc.) is a globally leading provider of large-scale energy storage systems. Its main business includes large lithium battery energy storage equipment and energy storage software operation and maintenance services. It primarily serves customers on the grid side and in new energy power stations, and meets energy storage needs for renewable energy sources such as wind power and solar power.

FLNC is one of the energy storage sector tickers that attracts relatively high market attention. Since May this year, FLNC’s stock performance has been strong: the stock has gained more than 81% cumulatively in May, about 11.73% year-to-date, and a cumulative increase of as much as 282.35% over the past 52 weeks. On May 6, the company released its 2026 second-quarter financial report, with revenue of 622 million U.S. dollars, up 44.18% year over year. Against the backdrop of accelerating global energy transition, the energy storage industry continues to benefit from the increased penetration of renewable energy. As an industry leader, FLNC has long-term growth narrative potential.

## Continuous expansion of the Gate Contract Stock Zone

The Gate Contract Stock Zone is one of the key segments of the Gate platform. It is committed to introducing traditional financial assets such as U.S. stocks and ETFs into the crypto trading ecosystem through innovative formats such as perpetual contracts and tokenized stocks.

In the first quarter of 2026, Gate has successively added and launched more than 30 perpetual contract products for stocks and ETFs, covering multiple sectors including technology giants (NVIDIA, Microsoft, Tesla, etc.), aerospace and defense industry leaders (Raytheon, Boeing, Lockheed·Martin, etc.), consumer goods giants, and core ETFs. Previously, Gate had already launched high-attention products such as NVIDIA NVDAX and Tesla TSLAx. The five newly added products are a continuation of this expansion process. In addition, the trading products in the Gate Contract Stock Zone adopt a full-margin collateral model, keeping a 1:1 peg to real stock prices, providing users with a stable trading reference benchmark.

According to official Gate data, as of early 2026, the cumulative trading volume of Gate’s stock token zone has exceeded 140 billion U.S. dollars, with a monthly market share as high as 89.1%, placing it in a leading position among similar products.

Risk Reminder: Trading virtual assets involves high risk. Perpetual contract trading has a leverage-amplification effect, which may lead to a significant loss of principal. This article only provides an objective overview of market information and product updates and does not constitute any investment advice. Investors should make decisions prudently based on their own risk tolerance, and consult professional financial advisors when necessary.

## Summary

On May 18, 2026, the Gate Contract Stock Zone officially launched five perpetual contract products: DRAM, HIMS, SHLD, IWM, and FLNC, covering multiple core tracks such as memory chip ETFs, telemedicine leaders, defense and military industry ETFs, a barometer for small-cap stocks, and energy storage system leaders. All five new products are settled in USDT and support 1 to 20 times bidirectional leverage trading. As of May 19, Gate’s Contract Stock Zone had already launched more than 30 perpetual contract products in 2026 cumulatively, with cumulative trading volume exceeding 140 billion U.S. dollars. Gate is accelerating the bridging of crypto assets and traditional capital markets, providing global investors with more cross-asset allocation choices.