Tokenized equities on DEXs have grown from 0.1% of spot volume at the end of 2025 to over 4% in 2026, with an active onchain market cap of approximately $4 billion, representing a 314% increase year-to-date. Monthly DEX trading volume reached $7.9 billion in August 2026, up from $237 million in January, a growth factor exceeding 33x. The bStocks platform dominates the market with approximately 90% of tokenized equity DEX volume and around 58,000 daily active traders. DeFi total value locked for tokenized equity products increased from $21.6 million to $289 million, reflecting the growing adoption of onchain equity products.
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