CoinMeta data: According to Bloomberg, Robinhood stock tokens have become liquid assets in the trading of meme currency, and traders use them in combination with meme currency to form liquidity pools for exchanges. Dune data shows that the daily trading volume of these stock tokens against memecoin reached $440 million at the beginning of September. In addition, RWA.xyz data indicates that the total market value of stock tokens tracking indices such as the S&P 500 ETF, NVIDIA, SpaceX, and Meta once reached $69 million. The U.S. Securities and Exchange Commission (SEC) has granted temporary exemptions for on-chain tokenized U.S. stock trading under specific conditions.