Tokenized Stocks Generate $12.4 Billion in DEX Trading Volume in 30 Days

Tokenized stocks have surged in popularity, generating an impressive $12.4 billion in trading volume on decentralized exchanges (DEXs) over the last 30 days. BNB Chain has emerged as the frontrunner, accounting for approximately 32% of this total volume.

These tokenized stocks serve as on-chain representations of traditional equities and ETFs, allowing for trading on blockchain platforms rather than through conventional brokerage apps. Recent data indicates that monthly trading volumes for tokenized stocks have fluctuated between $12 billion and $20.9 billion, with a recorded volume of around $13.3 billion by late October 2026.

In the third quarter of 2026, the total trading volume for tokenized equities on DEXs reached between $24 billion and $25.6 billion, with peak daily volumes exceeding $500 million. This represents a staggering annual growth of over 10,000% compared to the previous year.

At the end of 2025, tokenized equities made up only 0.1% of total DEX spot volume, but by 2026, this share has increased to over 4%. Cumulative DEX spot volume for tokenized equities has now reached approximately $48.7 billion. A significant factor in this growth has been the launch of BNB Chain’s bStocks product on June 11, 2026, which has significantly boosted trading activity.

Uniswap dominates the market, capturing about 60% of the trading volume, with PancakeSwap and Raydium also playing major roles. The active market capitalization of tokenized equities is estimated to be between $3 billion and $4 billion, indicating a high turnover rate for these tokens.

While tokenized stocks have gained traction, they still represent a small portion of the overall DEX trading landscape, with the majority of trading activity remaining focused on crypto-native assets.