Data from Token Terminal shows the tokenized stocks market reached a record $2.3 billion in mid-July, nearly doubling from the point when it first crossed $1 billion in March. Several platform-level metrics also set new highs on July 21. Ondo Finance posted record circulating tokenized stock supply of 514.5 million and a record 93,880 holders, while Backed Finance’s tokenized market cap climbed to $579.4 million. Robinhood Chain also logged fresh highs in tokenized stock count and holder numbers. On the same day, Arcus, a tokenized stock exchange launched by the dYdX team, recorded $11.9 million in daily perpetual trading volume and a record $6.8 million in open interest. By chain, Ethereum held 34% of the tokenized stocks market, followed by BNB Chain at 30% and Solana at 23%. Ondo Finance led the sector with $955 million in onchain stock scale, and the project recently partnered with Japan’s SBI Group on tokenized Japanese equities while adding 24/7 minting, redemption, and voting rights functions. xStocks, meanwhile, surpassed $25 billion in cumulative trading volume within eight months of launch.
According to Token Terminal data cited by ChainCatcher, the tokenized stocks market reached a record $2.3 billion in mid-July, nearly doubling from the point when it first moved above $1 billion in March.
Multiple records were set on July 21
On July 21, Ondo Finance’s tokenized stock circulation rose to a record 514.5 million, while the number of holders reached 93,880, also a new high.
Backed Finance’s tokenized market capitalization climbed to $579.4 million on the same day. Robinhood Chain also posted all-time highs, with 126,720 tokenized stocks and 36,170 holders.
Arcus, the tokenized stock exchange launched by the dYdX team, recorded $11.9 million in daily perpetual contract trading volume and a record $6.8 million in open interest that day.
Chain distribution and platform updates
By chain, Ethereum accounted for 34% of the tokenized stocks market, BNB Chain held 30%, and Solana represented 23%.
Ondo Finance remained the largest player in the segment with $955 million in onchain stock scale. The project recently partnered with Japan’s SBI Group on tokenized Japanese stocks and added 24/7 minting, redemption, and voting rights functions.
xStocks surpassed $25 billion in cumulative trading volume within eight months of launch.
ChainCatcher also noted that an Ondo executive had previously projected the tokenized stocks market would reach $2.5 billion to $3 billion by year-end.
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