Token Terminal reported that the seven most actively traded tokenized stocks all trade on BNB Chain or Robinhood Chain. These assets generated $4.3 billion in combined DEX volume over the past 30 days, with BNB Chain's QQQb leading at $1.6 billion, followed by SPCXb at $848.9 million and SPYb at $644.5 million.

WuBlockchain’s latest roundup pulls together a dense mix of crypto, macro and enforcement developments. The daily highlights include European Central Bank executive board member Isabel Schnabel calling for central bank money to be brought onto blockchain infrastructure, with the ECB set to launch the Pontes project next month and complete the Appia long-term architecture blueprint in 2028. The U.S. Commodity Futures Trading Commission also said former White House teleprompter operator Gabriel Perez was penalized for trading on non-public speech information, with more than $170,000 in disgorgement and penalties plus a three-year trading ban. The digest also covers a warning from New York state that AI is being used to amplify investment scams, citing FTC data showing 144,041 U.S. consumers reported investment fraud losses exceeding $8 billion in 2025. In markets, Solana meme token Trump Digital Gold plunged more than 95% in one minute, while GoPlus Security said the developer’s funding could be traced to KuCoin and that related operator wallets were funded through Binance. The weekly Top 10 spans Arthur Hayes’ view that a new Bitcoin bull cycle has begun, BlackRock’s framing of Bitcoin as a fiscal-risk hedge, Treasury buyback discussions, Coinbase’s AiFi product stack, Solana emission proposals, Uniswap’s AMM thesis, Trump-linked crypto losses, Iran-related sanctions, and a record $44.9 billion in on-chain RWA market value excluding stablecoins.

WuBlockchain’s weekly roundup put macro liquidity and crypto market structure at the center of the conversation, with several stories tying US fiscal policy to Bitcoin’s recent strength. Arthur Hayes argued in a new essay that the US Treasury, under Treasury Secretary Scott Bessent, is effectively creating more dollar liquidity through long-dated Treasury buybacks and could go further if 10-year yields move above 5%. He said Bitcoin has already entered a new bull cycle, while GSR and Wintermute both pointed to fresh external capital, large ETF inflows, and heavy short liquidations as key drivers behind the move. The list also highlighted BlackRock’s view that rising US debt and fiscal deficits are strengthening Bitcoin’s role as a hedge against fiscal risk, alongside a CNBC report that the Treasury is considering using about $950 billion from the Treasury General Account to support expanded long-term debt buybacks. Elsewhere, Coinbase outlined its AI finance, or AiFi, stack; Solana’s SIMD-550 and SIMD-553 proposals were framed as measures that could reduce issuance by $1.4 billion to $1.5 billion over six years; and Uniswap founder Hayden Adams argued AMMs now have a clearer route to becoming core market infrastructure. On the political and regulatory side, the roundup covered an investigation into Aqua 1 Foundation backer Guren Zhou, new US sanctions covering digital assets tied to Iran, and a Public Citizen report saying Trump-linked crypto businesses have caused at least $4.7 billion in investor losses since 2022. The final item noted that on-chain RWA market capitalization, excluding stablecoins, has reached a record $44.9 billion.

Tokenized stocks moved into a new trading bracket in July 2026, with monthly volume reaching $18.2 billion, according to Binance Research. That was 4.4 times June’s figure and higher than the combined total of the previous six months. Decentralized venues accounted for $12.8 billion, while centralized exchanges handled $5.4 billion, showing that more activity was taking place in on-chain wallets and smart contracts rather than traditional brokerage rails. Binance’s bStocks emerged as one of the most active products in that surge. Launched on June 11, it had generated $10.4 billion in cumulative trading volume by Aug. 23, with more than 70% coming from on-chain markets. In July alone, bStocks posted $7.4 billion in DEX volume, equal to 85% of all tokenized-stock DEX trading for the month. Binance Research also estimated that bStocks’ market capitalization rose above $500 million on July 29, or about 27% of the global tokenized-stock market. The report argues that the product’s significance is not only in scale, but in timing. A large share of bStocks trading took place while U.S. equities were closed, and weekend prices reflected much of the gap seen at Monday’s open. Combined with Binance’s 1:1 conversion path between stock positions and tokenized exposure, bStocks created a route for U.S. stock risk to keep trading across exchange order books, self-custody wallets, decentralized exchanges and DeFi protocols after Wall Street’s closing bell.

Robinhood Chain is moving past its early meme-token frenzy as a broader DeFi stack takes shape around tokenized equities, stablecoins and other real-world assets, according to a PANews report by Nancy. On the trading side, Uniswap has become the chain’s core AMM venue, with more than $20 billion in cumulative volume in less than two months and nearly 95% of daily chain volume on Aug. 27 routed through its V2, V3 and V4 deployments. Uniswap Labs’ pools.trade launchpad, launched on Aug. 5, has also pushed more activity toward V4. Beyond AMMs, the chain is seeing experiments across fully onchain order books, lending, perpetual futures, ve(3,3) tokenomics and OHM-style treasury models. Deepstate is bringing a fully onchain central limit order book model to Robinhood Chain, while Morpho powers the Earn product for USDG savings and yield. Arrow Finance lets users deposit crypto assets, ETFs and tokenized stocks to mint aUSD under overcollateralized vaults. Perpetuals venues are also broadening the use of tokenized equities. Lighter supports tokenized stocks as collateral, and Arcus allows round-the-clock perps trading for crypto and tokenized U.S. equities while also introducing transferable pToken positions. The report argues that the bigger shift is not the replay of old Ethereum DeFi designs, but the growing onchain composability of TradFi assets on Robinhood Chain.

xStocks said five tokenized stock and ETF products are now live on Hyperliquid’s native spot market. The lineup includes Micron Technology (MUx), SK Hynix (SKHYx), Nvidia (NVDAx), the Nasdaq 100 ETF (QQQx), and the S&P 500 ETF (SPYx). According to the post, each asset has roughly $1 million in liquidity, with average spreads of 8 to 12 basis points. The products also support 24-hour trading. The update adds a group of semiconductor-related names alongside two major U.S. equity index ETFs to Hyperliquid’s spot offering.

xStocks said five tokenized stock and ETF products — MUx, SKHYx, NVDAx, QQQx, and SPYx — are now live as native spot markets on Hyperliquid, with trading available around the clock. According to the project’s official X account, each asset is launching with roughly $1 million in liquidity, while average spreads are running between 8 and 12 basis points. The company also said more assets are set to be added over time. xStocks noted that the tokens only provide economic exposure to the underlying assets rather than direct ownership. It also said the products are not available to U.S. persons and remain subject to geographic restrictions. The notice was presented as market information and not investment advice.

Tokenized stock platform xStocks said MUx, SKHYx, NVDAx, QQQx and SPYx have gone live on Hyperliquid as native spot markets. The company said each asset is launching with about $1 million in liquidity and average spreads of 8 to 12 basis points. Trading is available 24/7, and xStocks said more assets will be added later. The product is not available to people in the United States or to U.S. persons, and it is subject to geographic restrictions. xStocks, launched by Payward, offers trading in tokenized U.S. stocks, ETFs and IPO-related assets.