Nasdaq on the Chain Emerges! trade.xyz Prices AI Unicorn IPO Early, Challenging Traditional Finance Pricing Power

BlockBeats News, May 15. Dubbed as the "NVIDIA Challenger," AI chip newcomer Cerebras Systems (CBRS) officially began trading on the Nasdaq last night, skyrocketing to $350 at the opening, nearly doubling from the IPO price of $185.

However, Pre-IPO perpetual contracts on trade.xyz had already priced CBRS hours or even weeks before. Starting at 10 pm last night, CBRS stock contracts saw a surge in volume on the platform, with the price quickly rising from the $290 range to $380, followed by sustained active trading, with a trading volume of nearly $100 million in a single hour. At the same time, CBRS stock was still in the Nasdaq's trading and pricing phase, and regular investors did not officially start trading the stock until 1 am.

As of the time of writing, CBRS contracts on trade.xyz had a 24-hour trading volume of $280 million and an open interest of $57.77 million, making it the platform's fourth most active stock contract.

trade.xyz achieves continuous trading and real-time price discovery that traditional finance cannot reach through perpetual contracts, allowing ordinary investors to participate in new stock pricing weeks in advance, indicating that traditional finance's IPO gray market and roadshow model are being disrupted by on-chain finance, gradually eroding the traditional finance pricing power.