Tokenized stock spot DEX trading reached $13.3B over 30 days, with BNB Chain leading at 32.4% market share.
DeFi & Yields ·
Tokenized stock spot trading on decentralized exchanges reached $13.3B in volume over the past 30 days, according to Token Terminal. BNB Chain dominated with 32.4% market share, followed by Robinhood Chain at 25.9%, Solana at 21.8%, and Base at 17.2%. The measurement spans 12 blockchain networks.
The distribution reflects different dynamics across chains. Robinhood Chain's 25.9% share of trading volume relative to its 23.6% of tokenized stock deposits suggests active trading rather than idle holdings in vaults. BNB Chain's leading position may reflect Binance's own stock token flows, though the extent of this concentration remains unclear.
Several factors merit ongoing observation. The sustainability of these volume levels, the trading behavior as additional exchanges like Nasdaq potentially integrate tokenized stocks, and whether market share consolidates or disperses remain to be seen.