PreviewSample data, not live rankings
Gapper

Priced in stocks. Proved by blocks.

The leaderboard for memecoins that trade against tokenized stocks. Every figure is computed from the swaps themselves. No self-reporting, no connected wallet, nothing a trader can edit, including by us.

SeasonSeason 3 · Overall Traders ranked Season volume Traded while NYSE shut Graduations this week
# Trader Realized P&L Win rate Trades Equity Best pair Closed-market

What is tracked, and how these numbers are produced

Pools with a tokenized stock on exactly one side. A stock quoted in dollars, like SPY/USDG, is ordinary equity trading that happens to settle on-chain. A memecoin quoted in a stock, like LAPTOP/SPY, makes the stock the denominator, so the trader's result answers a question no other venue can pose: did this coin beat the stock it trades against?

Cost basis is FIFO. Quote amounts are valued in dollars from this chain's own stock/stablecoin pools at the block each swap settled, so the prices can be recomputed from events rather than taken on trust. Figures are before swap fees and gas, which are not yet deducted. A trade is settled only when the position closes; open positions never reach P&L or win rate.

Tokens sold that were never bought on-chain, whether transferred in or airdropped, are excluded and reported rather than counted as profit. Otherwise the fastest route to the top of this table would be to receive tokens for free and sell them.

Closed-market is the share of a trader's volume executed while the NYSE was shut, against the 24/7 on-chain price. That window exists only on this chain.