DeFiLlama: Bitget Maintains Lead in Approximately 90% of TradFi Perpetual Contract Depth

TechFlow News, August 04, according to the latest "Tokenized Stock Research Report" released by DeFiLlama, tokenized stocks are becoming one of the fastest-growing sectors, with active market capitalization growing from $814 million at the beginning of the year to $1.976 billion, an increase of over 140%. The report conducted a comparative assessment of the stock product architecture, market trading data, and liquidity performance of mainstream platforms such as Binance, Bitget, Kraken, Bybit, Hyperliquid, and Ondo Finance.

Data shows that in liquidity benchmark tests targeting the spot markets of five stocks: MSTR, SPY, QQQ, CRCL, and NVDA, the median bid-ask spread of Bitget's stock token rToken was only 0.83 basis points, and it possessed the deepest order book liquidity among all sample markets. In execution benchmark tests covering 36 stock perpetual contracts and 8 metal and commodity perpetual contracts, Bitget maintained a depth lead in approximately 90% of the trading pairs.

DeFiLlama pointed out that as the tokenized stock market continues to mature, liquidity and trade execution quality are becoming key differentiating factors in platform competition. With lower trading costs and deeper order books, Bitget provides a more efficient trading experience for institutional and retail users.