Grayscale identified in a research note that Robinhood Chain, BNB Chain, and Solana handled most tokenized stock trading last week, with sector spot volume peaking near $3 billion in early August. Only 5% of the tokenized equity market is used in on-chain finance, with the rest serving solely as price speculation. The value locked in tokenized stocks surpassed $110 million in late August, while Solana lending protocols like Kamino and Jupiter saw their holdings grow roughly tenfold in one year. Robinhood leads by holder count, but meme coins drive most traffic on Robinhood Chain. US regulators are considering innovation exemptions to allow tokenized securities trading under specific compliance conditions.
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