xStocks AUM has exceeded 500 million, but 80% is concentrated in the top ten technology stocks. This level of concentration is a bit exaggerated. The RWA track really can't bypass the US stock giants.

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.