Opcode

Opcode is a decentralized application built on Ethereum that lets users trade tokenized versions of stocks and exchange-traded funds, including individual company shares and indices such as the S&P 500. It is aimed at people who want exposure to traditional financial securities through a self-custody crypto wallet rather than a conventional brokerage account. The shares it offers are issued by Ondo, described as a regulated issuer, and are backed one-to-one by the underlying real-world securities, meaning each token is intended to track the actual share price of what it represents.

The application runs on Ethereum, where tokenized securities are issued and held, and users can fund purchases with any token or with cash, with transactions described as gasless, meaning users do not pay Ethereum gas fees directly. Custody can be handled through an embedded wallet accessed via Face ID using Privy, or through a user's own external wallet. The OPCODE token's specific role within the protocol's mechanics — such as governance, fee capture, or staking — is not detailed in the data available here, so a precise mechanical description of its function cannot be given beyond what is stated above.

The data provided does not include a fee stream, revenue figures, or details about who pays fees to the protocol or who receives them, so fee-based measures that would normally appear on this site cannot be calculated or reported for Opcode. The 24-hour turnover ratio stands at 0.000186 as of the point-in-time measurement, reflecting the volume of OPCODE trading relative to its market capitalisation over that period. The circulating supply equals the maximum supply of 1,000,000,000 tokens, meaning the supply is fully issued with no dilution overhang recorded and a fully diluted valuation equal to the market capitalisation of approximately 36,595,094 US dollars.