Stock paired memes: the new narrative in DeFi?

DeFi protocol Flap generated more than $39 million in protocol revenue in the third quarter of 2026, compared with only $3.8 million in the second quarter. That is almost a tenfold increase. Analyst Ali of the X account alicharts sees the rise of so-called stock paired memes as a possible new trend within the crypto market, driven by Flap’s growth and Binance’s involvement.

In brief:

• Flap increased its protocol revenue tenfold from $3.8 million to $39 million between Q2 and Q3 2026
• Tokens such as $MarsCoin and $牛来 reached the Binance platform via Flap
• Binance and BNB Chain are putting $4 million in incentives into the stock meme category

Flap grows strongly thanks to stock meme tokens

Flap is a DeFi protocol that allows users to launch meme tokens linked to stocks or other assets. According to data from DefiLlama, the total value locked in the protocol rose steadily during 2026, with the largest jump occurring towards September.

A number of tokens launched via Flap gained traction relatively quickly within the Binance ecosystem. Tokens such as $MarsCoin and $牛来 first appeared on Binance Alpha and eventually reached regular Binance spot trading. That indicates there was sufficient demand for them to be picked up by the platform.

Binance invests $4 million in the category

Binance and BNB Chain are not showing their support for stock-related meme tokens in words alone. Through the BNB Stonks Szn programme, they are allocating $4 million in incentives to support the category. That indicates that the exchange takes the development seriously.

According to earlier figures on altcoin inflows on Binance, interest in alternative tokens on the platform has been growing for some time.

Analyst sees stock paired memes as the next big trade

Ali argues that the more interesting part is yet to come. Flap makes it possible to launch tokens linked to almost anything: stocks, real world assets, other cryptocurrencies or tokens. That opens the door to a wide range of new products.

The analyst draws a parallel with earlier waves: first came Solana memes, then memes linked to the Robinhood platform. Whether stock paired memes will become the next big move is, according to him, not yet settled, but the data suggests that trading in this category is not over yet. It remains the expectation of a single analyst, not an established fact.