DeFiLlama’s latest report on tokenized stocks says the sector has become one of the fastest-growing areas in crypto, with active market capitalization rising from $814 million at the start of the year to $1.976 billion, a gain of more than 140%. The study compared stock product structures, trading data, and liquidity across major platforms including Binance, Bitget, Kraken, Bybit, Hyperliquid, and Ondo Finance. In liquidity benchmark tests covering five spot equity markets — MSTR, SPY, QQQ, CRCL, and NVDA — Bitget’s rToken posted a median bid-ask spread of 0.83 basis points and showed the deepest order book liquidity across all sampled markets. In execution benchmarks spanning 36 stock perpetual contracts and eight metals and commodities perpetual contracts, Bitget led on market depth in about 90% of trading pairs. DeFiLlama said that as the tokenized equities market matures, liquidity and execution quality are becoming the main points of differentiation among platforms.
According to ChainCatcher, DeFiLlama’s latest report on tokenized stocks says the sector is becoming one of the fastest-growing segments in crypto. Active market capitalization rose from $814 million at the start of the year to $1.976 billion, an increase of more than 140%.
Major platforms compared in the report
The study compared stock product structures, market trading data, and liquidity performance across major platforms including Binance, Bitget, Kraken, Bybit, Hyperliquid, and Ondo Finance.
Bitget ranked strongly in benchmark testing
Data in the report showed that in liquidity benchmark tests for five spot equity markets — MSTR, SPY, QQQ, CRCL, and NVDA — Bitget’s stock token rToken recorded a median bid-ask spread of 0.83 basis points. It also had the deepest order book liquidity across all sampled markets.
In execution benchmark tests covering 36 stock perpetual contracts and eight metals and commodities perpetual contracts, Bitget maintained a lead in market depth on about 90% of trading pairs.
Liquidity and execution quality are becoming key differentiators
DeFiLlama said that as the tokenized stock market continues to mature, liquidity and trade execution quality are becoming the key factors separating platforms. The report said Bitget, with lower trading costs and a deeper order book, offers a more efficient trading experience for institutional and retail users.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
