In 2020, those who called DeFi a 'fake demand' eventually went silent. By 2025, those calling on-chain US stocks a 'fake demand' will also go silent! The term 'fake demand' mainly questions liquidity, security, dividends, and the target user base. Let’s get straight to the point: This earnings season (mid-October to the end of November), Bitget's US stock contract trading volume increased by 4468% month-over-month, with single-day trading volume surpassing $1.6 billion; US stock spot trading volume grew by 452% month-over-month, with single-day trading volume exceeding $60 million. This is the result of users voting with their feet, proving the vast market potential of on-chain US stocks! 1. Liquidity: BG's US stock spot and contract depth now support activity at the billion-dollar level; 2. Security: BG is the first platform to surpass $10 billion in US stock contract trading. US stock tokens account for 73% of the market share on Ondo Finance, building trust over time; 3. Dividends: When the underlying stocks issue dividends, they are reinvested into the stock. Using dividends to push up stock prices effectively increases the value held by holders automatically. 4. Target users: These are global retail investors and crypto natives who are blocked by traditional brokers' KYC processes and seek 24/7 trading without interruptions.