Kraken’s xStocks Goes Multi-Chain: Tron Integration Unleashes New DeFi Trading Frontier
Breaking the chains—literally. Kraken just catapulted its xStocks synthetic trading platform onto Tron, throwing open the gates to faster, cheaper DeFi action.
Zeroing In on Accessibility
Tron's notorious throughput—2,000 TPS versus Ethereum's sluggish double digits—means traders finally ditch gas fee nightmares. Settlement times? Slashed from minutes to milliseconds.
DeFi's New Playground
Suddenly, synthetic stocks aren't just for the ETH whales. Tron's low-barrier entry pulls in retail traders hungry for Tesla and Apple exposure without the Wall Street paperwork.
Because nothing says 'financial revolution' like letting someone in Jakarta trade NYSE-listed synthetics with a smartphone and $5. Take that, traditional finance—your gatekeeping days are numbered.
Growing Multi-Chain Support
Kraken co-CEO Arjun Sethi highlighted the rapid expansion, saying, “Expanding xStocks to three blockchains in under 60 days shows what’s possible when you design for openness from the start.”
The platform already links with Solana’s Kamino, Raydium, and Jupiter, as well as BNB Chain’s PancakeSwap and Venus Protocol. By deploying TRC-20 tokens on Tron, Backed ensures full 1:1 asset backing while allowing deposits and withdrawals directly within the Tron ecosystem.
“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” added Justin Sun, founder of Tron, emphasising the wider picture. He said that greater accessibility for users globally could allow for efficiency and inclusivity for investors who were previously excluded.
Tron Sentiment and Market Impact
In the meantime, Tron’s network has seen an increase in profitability for its holders. Recent insights from CryptoQuant reveal that one-week holders have enjoyed a 3.8% rise. As per the chart, one-month holders have gained 10.3%, and three-month holders are leading with 31.2% profit.
Notably, with $6.6 billion locked up, Coinbase’s Base network recently overtook TRON in the DeFi rankings, showing extreme competition on several ecosystems. “Base is doing a great job promoting native lending and borrowing protocols,” a spokesperson for DeFi lender Morpho, the biggest DeFi protocol on Base with over $2.5 billion in deposits, said.
Tokenized equities are changing access to financial markets. Kraken’s move into Tron indicates rising interest in blockchain-based stocks and hints at a closer relationship between crypto and traditional assets.
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