Uniswap captured 60% of $20.9B in tokenized stock volume on DEXs over the past 30 days, signaling strong market dominance in the RWA narrative.
DeFi & Yields ·
Uniswap has captured $12.6 billion in volume across its V3 and V4 versions over the past 30 days, representing 60% of the $20.9 billion in total tokenized stock volume routed through decentralized exchanges during that window, according to market data. Tokenized stocks have emerged as among the fastest-growing narratives within the real-world assets segment of crypto trading.
The concentration underscores Uniswap's liquidity advantage in the segment and reflects deepening participation from traditional finance participants using decentralized platforms. The volume split between Uniswap's V3 and V4 liquidity pools illustrates the protocol's dual-layer dominance as trading infrastructure.
Unclear is whether this 30-day snapshot reflects a sustained pattern or a cyclical peak, the breakdown of volume between V3 and V4 individually, and the composition of tokenized assets driving the volume—such as which specific equity tokens or issuers account for the majority of flow.