Tokenized Equity Perps Soar to $590B as Spot Hits $88B
The $16B-to-$590B perpetual futures surge hides the actual structural question for allocators: whether the token in a wallet is a share or a synthetic claim layered on top of one.
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The $16B-to-$590B perpetual futures surge hides the actual structural question for allocators: whether the token in a wallet is a share or a synthetic claim layered on top of one.
The reveal matters less for the product itself than for what it shows about Phantom's distribution play: a Phantom-native venue using Chainlink oracles and Phantom's own CASH stablecoin shows the…