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xStocks drops 93% after July 4th – Can 24/7 trading happen without Wall Street? | xStocks, tokenized versions of equities, saw a drastic decline in trading activity, with daily volumes plummeting over 93%. On July 2, daily volumes peaked at over $8.5 million with more than 6,600 active traders, but by July 5, volumes dropped to $563,000 and active wallets fell to 1,700. Although top tokens like SPYx and METAx initially led trading, they also experienced declines, highlighting that even decentralized markets are influenced by traditional trading patterns. Daily trading accounts declined from over 8,500 to under 2,000 during this period, suggesting a lack of liquidity despite available tokens like ORCLx and GLDx.