{
  "url": "https://blockindex.ai/coin/tslax",
  "name": "Tesla tokenized stock (xStock)",
  "links": {
    "github": null,
    "website": "https://coinmarketcap.com/currencies/tesla-tokenized-stock-xstock/",
    "whitepaper": null
  },
  "dScore": 48,
  "market": {
    "priceUsd": 397.7961588262818,
    "marketCapUsd": 155042967.29650596,
    "volume24hUsd": 18115420.66157102,
    "priceChange7dPct": 0.11628646,
    "priceChange24hPct": -0.09911629
  },
  "source": "BlockIndex.AI",
  "supply": {
    "max": null,
    "circulating": 389754.81249987,
    "circulatingPct": null
  },
  "ticker": "TSLAX",
  "founder": "N/A",
  "vcFunded": false,
  "updatedAt": "2026-06-19T06:00:34.994837+00:00",
  "fairLaunch": false,
  "launchYear": null,
  "description": "TSLAX (Tesla tokenized stock, also styled TSLAx) is a tokenized tracker certificate designed to provide regulated, blockchain-based exposure to the price of Tesla, Inc. The asset is explicitly issued in dual formats — Solana SPL and Ethereum ERC-20 — enabling market participants to access Tesla price exposure through both Solana DEX liquidity paths and Ethereum-compatible infrastructure. The available source material (CoinMarketCap snapshot and related page fragments) frames TSLAX as a regulatory-compliant tracker certificate that aims to combine traditional equity exposure with the settlement, custody, and composability advantages of tokenized assets. Public disclosures in the supplied files are deliberately concise: the token’s market footprint, supply snapshot, holder count and price history are present, while core issuer, legal entity, and team information are largely absent. This summary therefore centers on verifiable on-chain market facts and the structural implications of dual-chain issuance.\n\nTechnically, TSLAX is not a native blockchain but a dual-format token that inherits consensus and execution characteristics from its host chains — Solana for the SPL issuance and Ethereum for the ERC-20 issuance. As such, the token itself has no block reward, native TPS metric or chain-specific block timing; those metrics are entirely determined by the parent chains. The dual issuance strategy is a deliberate design trade-off: SPL issuance provides access to low-fee, high-throughput Solana DEX routing (e.g., Jupiter), while ERC-20 issuance preserves compatibility with the broad Ethereum tooling ecosystem (wallets, custodians, and CEX listing infrastructure). The source material emphasizes that the token is presented as a regulated tracker certificate; however, no formal issuer name, regulatory filing references, or precise legal domicile were included in the provided data.\n\nFrom a use-case and market perspective, TSLAX functions primarily as a blockchain-native wrapper for off-chain equity exposure: it allows token holders to obtain price exposure to Tesla shares in a fractional, transferable, and blockchain-native form that can be traded on DEX venues or held in custodial wallets. The material provided documents market metrics (circulating supply, holders, price, market capitalization and ATH/ATL timestamps) and highlights that liquidity is primarily visible on DEX infrastructure (Jupiter was the only verified DEX listing in the supplied dataset). The absence of verified centralized exchange listings or broad custodial integrations in the verified dataset suggests limited institutional custody visibility at the time of the snapshot, although ERC-20 issuance leaves the door open for future centralized listings and custody integrations.\n\nTokenomics and governance disclosures in the provided dataset are minimal. The snapshot reports a circulating and total supply of 164.49K TSLAX, a market capitalization of approximately $80.27M (snapshot), and a holder count shown as 17.09K. The provided data records an all-time low of $290.28 on 2025-07-07 and an all-time high of $497.08 on 2025-12-22 alongside a near-term price snapshot (~$487.98). No explicit premine, pre-issue (PIP), dev-fund allocation, or ICO/IDO mechanics were disclosed in the supplied content; accordingly, distribution and governance structures remain unspecified. Likewise, no named CEO, company, or DAO governance mechanism is documented in the source material. Given these gaps, further verification from issuer disclosures, token contract metadata (ERC-20 contract on-chain details) or official legal documentation is recommended for custody, compliance, and institutional use cases.",
  "methodology": "https://blockindex.ai/dscore",
  "classification": {
    "layer": "Layer 2",
    "isToken": true,
    "consensus": "Other",
    "parentChain": "SOL,ETH"
  },
  "dScoreComponents": {
    "autonomy": 0,
    "ageHistory": 7,
    "governance": 16,
    "nodeDistribution": 0,
    "initialDistribution": 25
  },
  "decentralizationVerdict": "Moderately Decentralized"
}