QQQb, the tokenized version of Invesco’s QQQ ETF, generated approximately $1.7 billion in trading volume on decentralized exchanges over the 30-day period ending August 31, 2026. This figure far exceeds its closest competitors, SPCXb and SPYb, which posted volumes of roughly $849 million and $645 million respectively. Launched around June 30, 2026, QQQb now accounts for approximately 82% of total tokenized stock volume on DEXs, which exceeded $11 billion in July 2026. Binance’s infrastructure, with zero maker fees through the end of August 2026, served as a major growth catalyst. The emergence of Robinhood Chain alongside BNB Chain indicates progressive platform decentralization, although volume remains concentrated at the product level.
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