DeFiLlama: Bitget Holds Top Spot in Around 90% of TradFi Perpetual Contract Liquidity

August 4th, according to the latest "Tokenized Stocks Research Report" released by DeFiLlama, tokenized stocks are becoming one of the fastest-growing sectors, with the total value locked growing from $8.14 billion at the beginning of the year to $19.76 billion, representing a growth of over 140%. The report conducted a cross-platform evaluation of stock product architecture, market trading data, and liquidity performance on major platforms such as Binance, Bitget, Kraken, Bybit, Hyperliquid, and Ondo Finance.

The data shows that in the liquidity benchmark test for the spot markets of MSTR, SPY, QQQ, CRCL, and NVDA stocks, the median bid-ask spread of Bitget's stock token rToken is only 0.83 basis points and has the deepest order book liquidity in all sample markets. In the execution benchmark test covering 36 stock perpetual contracts and 8 commodity perpetual contracts, Bitget maintains a depth advantage on around 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 differentiators in platform competition. With lower trading costs and a deeper order book, Bitget provides a more efficient trading experience for institutional and retail users.