Data published July 16 by Token Terminal shows that spot DEX trading volume for tokenized equities reached $1.8 billion over 90 days, split almost evenly between BNB Chain at 47.3% and Solana at 45.5%. Tokenized-stock lending TVL stands at $23.1 million, with xStocks capturing 86.5% of the issuer share on Solana and Kamino’s lending market accounting for 82.6% of venue activity. ETF trackers QQQ and SPY dominate trading volume at 40.5% and 40.4% respectively. For context, Uniswap alone recorded $45 billion in 30-day volume, placing tokenized equities at a fraction of the broader DeFi market. Roughly $330 million in xStocks tokens are outstanding, with only a low-single-digit percentage deployed as lending collateral.
Source: Read the original article
