stock token settlement
every movement of a tokenized stock, not just the ones that crossed a pool. a peer-to-peer transfer settles onchain around the clock and never appears in swap data, so this is the side of the chain a dex index structurally cannot see. tokenization and redemption are primary-market flow — shares entering and leaving existence — and dvp prints are real executions between two parties at a real size.
source: full-chain log index (HyperSync) · ERC-8056 TransferWithScaledUI · update time unknown · shares are multiplier-adjusted at the block they moved, so a split cannot retroactively change what a past transfer was worth. net issuance is primary-market only (mint/burn against the zero address) — secondary trading nets to zero by construction and is excluded. dvp vwap is an execution price, never a quote.