MEXC has released its Ecosystem & Growth Report for the second quarter of 2026, revealing a significant shift in user behavior and platform capabilities. The report highlights a move away from macro hedges like gold, which dominated Q1, toward AI projects and US equities in Q2. The exchange reported over $7.1 billion USDT in SpaceX perpetual futures volume following the company's record-breaking IPO on June 12, underscoring the growing demand for tokenized access to high-profile stocks.
From Pre-IPO to Real Shares: A Unified Platform
MEXC's Q2 strategy focused on building a seamless gateway for investors to participate in companies at every stage—from pre-IPO subscriptions to real stock ownership. The platform ran two subscription rounds for SpaceX (PRE) while it was still private, attracting over 74,000 entries and more than 173 million USDT. The second round was oversubscribed by more than 30 times, reflecting intense retail interest. This trend aligns with broader market data from CoinGecko, which reported a 1,060% surge in tokenized pre-IPO trading volume, with SpaceX accounting for the largest share.
After SpaceX's IPO on June 12, trading activity remained robust on MEXC. The SpaceX perpetual futures market alone generated over $7.1 billion USDT in volume in the weeks following the listing. The launch of RealStocks on June 1 added the final piece: eligible users can now buy actual US stocks and ETFs through a licensed securities broker partner, covering more than 7,000 names. More than 120,000 users signed up in the first month, with over half making a first deposit. By June 18, the product had settled dividends on 34 stocks and ETFs, a feature unique to real share ownership.
AI and Earnings Drive Trading Activity
The quarter saw a clear pivot from meme coins to AI-focused projects. The ten biggest new-token gainers averaged a +4,956% return, with six of the ten being AI agent projects. Only one meme coin made the list, a stark reversal from Q1. The AI winners are building practical systems—settling transactions between agents, placing trades for retail users, and verifying identities—indicating that capital flowed to projects with real-world utility.
Earnings reports also moved markets on MEXC. Micron's June earnings lifted trading volume in its MEXC futures by approximately 142% in a single day, with spillover into related AI memory names such as SanDisk, SK hynix, and a DRAM ETF. This demonstrates how users are now trading US market news in real time on the platform.
Platform Growth and New Features
MEXC appointed Vugar Usi as CEO during the quarter and marked its 8th anniversary with a brand upgrade centered on zero fees and infinite opportunities. The platform integrated the USD1 stablecoin, with its first event drawing over 161,000 participants and new users generating $2.4 billion in futures volume. A TradingView integration now allows users to execute perpetual futures orders directly from charts, streamlining analysis to execution.
The Prediction Market introduced a Combo feature on June 9, enabling users to combine multiple event predictions into a single position. Average daily volume in the Prediction Market grew more than 6,700% from early to late June, and daily users rose over 3,200%.
Risk Management and Reserves
The June Proof of Reserves showed an average reserve ratio of 156.5%, meaning the platform holds more assets than users have deposited. Bitcoin was backed at 269%. Between May and June, MEXC's risk team identified 4,394 illicit networks and blocked approximately 303,000 USDT in suspected fraudulent transfers.
For further context on SpaceX's post-IPO performance, see our coverage of SpaceX Stock Slips 4% as Geopolitical Tensions Weigh on Broader Markets and Planet Labs Plunges 50% as Space Stocks Retreat Post-SpaceX IPO: Key Levels to Watch.
This article is for informational purposes only and does not constitute financial advice.
