According to a report by Jinse Finance, Dune data shows that the stock tokenization platform xStocks, created by Backed, reached a trading volume of $5.82 million on its second day after launch, more than four times the $1.34 million recorded on the first day. In addition, the platform saw 5,641 daily active users (DAU) yesterday, with a total of 15,719 transactions completed. In terms of trading products, the S&P 500 index token led with a trading volume of $1.69 million, followed by Tesla and a certain exchange’s stock token.