Apple Inc (Derivatives) (AAPL)

@Wuhuoqiu Implementing 23-hour trading solves the most critical link for on-chain US stocks
https://t.co/0oT6Gtn41z

US stocks will begin implementing 23-hour trading in 2026, and with quality US stock assets on-chain, this will be a key infrastructure upgrade that connects traditional finance (TradFi) with on-chain finance (DeFi).

It will be a huge acceleration for on-chain US stocks

1. Key impact: solving liquidity black holes and spread issues during non-trading hours
Currently, on-chain US stocks claim 24/7 trading, but during US market close (especially Asian sessions), market makers cannot hedge risk in the traditional market, leading to extremely poor on-chain liquidity, high slippage and wide bid‑ask spreads.

Current situation: On weekends or at night, the price of on-chain Apple (AAPL) or Tesla (TSLA) tokens may deviate severely from true value due to lack of liquidity, making them easy to manipulate and even less deep than meme tokens.

After implementation in 2026:
All‑time liquidity injection: Market makers can hedge in the US market at any time within the 23‑hour window, resulting in smoother price curves. Makers can provide deeper liquidity on-chain around the clock without fearing extreme risk.

Spread narrowing: The bid‑ask spread of on-chain tokens will shrink significantly, becoming not only tradable but low‑cost tradable. The infrastructure cost of crypto trading is far lower than traditional US equities, which is especially beneficial for traders in Asian hours.

2. Impact on DeFi protocol layer: Oracles and lending safety

On-chain finance heavily relies on oracles (e.g., Chainlink, Pyth) for asset prices. Currently, during US market closure, oracles can only provide “closing price” or data from thin OTC and after‑hours markets, leading to severely distorted prices.

Safer lending collateral:
Eliminating liquidation blind spots:
If a US stock experiences a major negative event after hours (e.g., earnings surprise), which happens almost monthly, the sudden spread can create bad‑debt risk.

DeFi lending protocols cannot obtain accurate quotes before the market opens the next day, potentially causing liquidation cascades or bad debt at the opening due to price gaps.

With 23‑hour US trading, oracles can feed real‑time prices: they will provide near‑real‑time official market prices, allowing on-chain liquidation mechanisms to operate smoothly and greatly reducing systemic risk.

Explosion of synthetic assets and derivatives products:
Protocols offering derivatives and synthetic US stock trading, which previously faced extra risk in a 24‑hour market, will no longer need extremely high fees to prevent price attacks during market closure, and trading volume will surge.

3. Arbitrage mechanism: true “price anchoring”

On-chain US stock tokens (e.g., bTokens issued by Backed Finance) need to be tightly anchored to the underlying stock price.

Real‑time arbitrage window: 23‑hour trading means arbitrageurs can almost continuously move capital between on-chain tokens and traditional stocks. Once the on-chain price deviates (e.g., a 1% premium), arbitrage bots can instantly buy the stock from brokers

Just saw an interesting piece of news
A few hours ago, Nasdaq officially submitted a filing to the SEC, planning to extend US stock trading hours to 23 hours a day, formally incorporating the “night session” into the official trading system

Hmm? Are you trying to set an example for the 7×24 “on-chain stocks” and “asset tokenization” market two years from now, by first doing a 5×23?

In simple terms, it looks like the above now; if approved, it will become the below.
If it actually passes, the impact will be significant.

1. Retail investors – First of all, the retail experience will be better; no more staying up late waiting for the market to open, they can trade during the day.

Moreover, this experience boost isn’t limited to platforms like Futu or Tiger; using on‑chain US stocks such as @OndoFinance, @StableStock provides the same benefit. Essentially, your buy‑sell orders are executed via the broker behind them, which is the underlying mechanism of “on-chain US stocks with no slippage, infinite liquidity”. Since they connect to the NYSE and Nasdaq, as long as the broker’s execution is smoother, your on-chain actions will naturally be smoother as well.

2. DeFi – Previously, the low liquidity and volume in pre‑ and post‑market sessions affected the composability of on‑chain US stocks within DeFi, because price discovery operates in a “downgraded mode” outside trading hours. With an almost 24‑hour official market now, it can provide the most authoritative, continuous “price oracle” for future DeFi protocols (e.g., lending, derivatives).

3. Brokers/MMs of on‑chain US stocks – These brokers/market makers can now hedge in the US stock market at any time within the 23‑hour window, making price curves smoother. Market makers can provide deeper liquidity on‑chain around the clock without fearing extreme risk. Unlike before, when a major event or black swan occurred in the hours before opening, there was no price reflection and participants had nowhere to flee, forced to wait for the open.

The era of on‑chain US stocks / everything on‑chain is inevitably drawing nearer.