177k holders, 500 million AUM — the numbers look pretty good, but retail investors still only recognize old faces like FAANG. On-chain stock trading isn't much different from TradFi.

Delphi Digital stated that the issuance scale of xStocks continues to grow, with its on-chain AUM exceeding $500 million for the first time and the number of independent holders surpassing 177k. Data shows that users are still mainly flocking to well-known large-cap tech stocks and other "household name" giant targets, with the top ten xStocks assets accounting for over 80% of the total scale.