NVIDIA xStock

NVIDIA xStock (NVDAX) is a tokenized representation of NVIDIA common stock, issued as a blockchain token and designed for non-US users who face barriers accessing US equity markets through traditional brokers. Each token is backed one-to-one by the underlying NVIDIA share and gives holders a legal claim to the value of that share. The project's stated purpose is to remove borders, brokerage requirements, and regulatory friction that have historically kept global retail participants away from US-listed equities.

NVDAX tokens are issued on multiple blockchains simultaneously, including Ethereum, Solana, BNB Chain, Arbitrum, and Mantle, meaning the token can move and interact with decentralized finance protocols on any of those networks. The one-to-one backing by the underlying NVIDIA share is maintained by the issuer in compliance with EU regulations, so the token's value is intended to track the real-world stock rather than float freely. No consensus algorithm is recorded for this asset because it is not a base-layer blockchain; it relies on whatever settlement layer it is deployed on.

The data provided does not include a fee stream, revenue figure, or protocol earnings metric for NVDAX, so fee-based measures that this site might calculate for other assets are not applicable here. What is recorded is a 24-hour turnover rate of 30.65 percent, measured over the most recent 24-hour period, which reflects trading activity relative to market capitalization. A circulating supply of 186,396.86 tokens against a market capitalization of approximately 41.9 million US dollars implies a per-token price of 225.14 US dollars, consistent with tracking the underlying NVIDIA share price.