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Stocks On-Chain: Perps & Stock Tokens

Stocks now trade on-chain in two forms: perpetual contracts that never close, and tokens that represent shares. How each one works, what to read on it, and what a weekend price is worth.

Articles
A Checklist for Reading Any Stock PerpA Stock Perp, a Share and an Option: What You Own and What You OweA Stock Token With No PoolA Weekend Move Measured Against the Expected MoveA Weekend Move That Crosses the Gamma Flip, and One That Does NotA Weekend Routine for an Index TraderA Wide Quote Is Not a PriceAll Seven Together, or One Name Doing the WorkAn Index Perp Versus an Index FutureCommodity Perps Beside Stock Perps: Gold, Silver and Oil on the Same BooksCurrency Perps on the Same Books as Stock PerpsEarnings and a Perp That Trades Through the AnnouncementFunding on a Stock Perp: What Longs Pay to Hold NVDAFunding on the Index Perp: Who Is Paying to Hold Over the WeekendHolidays and Early Closes: Where the Implied Open AnchorsHow a Perpetual’s Price Is Actually FormedHow to Read Volume Against Open Interest on a Stock PerpIndex Perps Versus Single-Name PerpsLeverage and Liquidation on a Stock Perp, in Plain TermsMark Versus Oracle on a Stock Perp: Two Prices, One ContractMega-Cap Perps as a Read on Which Names Move the IndexMint and Burn in Plain Terms: How a Stock Token Comes and GoesNegative Funding on a Stock Perp: When Shorts Pay to Stay ShortNews on a Saturday, With a Live Price to Read It AgainstOne Ticker, Several Books: Why Stock Perps Are Never SummedOpen Interest Against Price on a Stock Perp: What Bends the ReadingOpen Interest on the Index Perp, Building Into MondayPlanning Monday’s First Hour From Sunday’s Perp ReadPool Price Above or Below the Quote: What a Real Gap NeedsRanking Stock Tokens: Largest by Value or Busiest by FlowReading Mint and Burn Volume for the DaySettlement in a Stablecoin: What It Implies for a Stock PerpShare, Stock Token, Stock Perp: Three Instruments on One NameShares On-Chain: What Mint and Redeem Flow Tells YouSince the Cash Close: Why the Anchor Is the Perp’s Own PrintSpread on a Stock Token: How Much the Quote Can Be TrustedStock Perps, Explained: A Perpetual on a ShareStock Token Flow: Reading a Day Against a WeekStock Token History Is Collected Live or Not at AllStock Tokens Are Small Today. Read Them That Way.The Half-Percent Alert, and Why That SizeThe Halt Flag on a Stock TokenThe Implied Open: Reading SPY on a SaturdayThe Index Price a Perpetual Is Anchored ToThe Open Interest History the Venue Does Not ServeThe Perp and Sunday-Night Futures: Two Reads of One OpenThe Premium to the Oracle: Reading Which Side Is LeaningThe Quote and the Pool: Two Prices for One Stock TokenThe Resting Rate: Why Identical Funding Across Stock Perps Is Not a SignalThe Stock Token Multiplier: When One Token Is Not Exactly One ShareThe Week Ahead and The Open, Quoting the PerpsThin Weekend Depth and What a Weekend Move Is WorthThin Weekend Depth: How Far to Trust a Small MoveTokenised Stocks and a Tape That ClosesTokenized ETFs Versus Single Names: SPY and QQQ Tokens Against the RestTokenized Value: Shares On-Chain Times a Price You Can TrustTotal Supply: The Number a Stock Token’s Contract Always KnowsWeekday Nights: The Perp Beside the Futures TapeWhat a Flat Weekend Tells YouWhat a Stock Token Does on a WeekendWhat a Stock Token Is, and What It Is NotWhat an Index Trader Can Take From SPY and QQQ Token FlowWhat Happens to a Stock Perp When the Cash Market Is ClosedWhat to Read on a Stock Token, in OrderWhen the Perps and the Futures DisagreeWhen the Weekend Move Lands on a WallWhich Mega-Cap Is Carrying the Index: Seven Perps, No WeightsWhy a Stock Perp Holds No Dividend and No VoteWhy There Is No Implied Open for IWM
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From reading it to seeing it live

These articles cover what NoVo shows on its Crypto Market Map under Stocks On-Chain: every stock and index perp with its funding, open interest and premium, and every Robinhood stock token with its shares on-chain and its mint and redeem flow.

For an index trader the same perps give the implied open. The Trader dashboard shows how far the S&P 500 and Nasdaq 100 perps have moved since the cash close, live all weekend, beside the dealer levels on SPY, QQQ and IWM.

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The member portal carries delayed dealer levels on SPY, QQQ and IWM: the gamma flip, the expected-move band, sectors, movers and the week’s catalysts. Dr. NoVo posts a Mid-Day Tape Review every trading day and the Week Ahead on Sundays. You also get the NoVo Discord: live discussion and Dr. NoVo’s daily dealer-map read.

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