Tokenized stocks reach record $3.9B market cap, with BNB Chain, Ethereum, and Solana commanding 70% of the market.
RWA & Tokenization ·
The tokenized stocks market reached an all-time high of $3.9 billion in total market capitalization, according to Token Terminal data. Three blockchain networks dominated the sector: BNB Chain captured the largest share at $1.2 billion, trailed by Ethereum with $841.9 million and Solana at $741.7 million.
These three chains collectively represented approximately 70% of the entire tokenized stocks market. The concentration underscores the degree to which BNB Chain, Ethereum, and Solana have become the primary platforms for trading equity tokens. What remains unclear is the composition of growth driving this record—whether the increase reflects new tokenized stock listings, expanded investor participation, or rising valuations of existing tokens.