Tokenized stocks generated $15.9 billion in DEX trading volume over the past 90 days, climbing from 0.1% to over 4% of total DEX spot volume. Solana dominated by capturing 97.8% of the single-day record of $565 million on June 24, 2026, followed by BNB Chain with approximately $5.6 billion. Uniswap and PancakeSwap accounted for $5.2 billion of the $7.8 billion generated in Q3 2026. Three issuers dominate the market: Backed Finance, Ondo, and Binance, with QQQB alone generating $3.6 billion in annual volume.
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