Binance Research said the tokenized stock market is moving beyond an issuance-led phase, with trading activity now rising faster than asset growth. The report said active market capitalization climbed 314% year to date to $4 billion, while monthly trading volume jumped from $237 million in January to $7.9 billion in August. Monthly turnover rose from 0.23x to 2.14x and reached 3.32x in July. The report also pointed to a sharp change in distribution. bStocks and Robinhood stocks accounted for just 0.8% of tracked issuer trading volume in June, then rose to 82.3% in August and 87.8% so far in September. On the infrastructure side, BNB Chain and Robinhood Chain together grew from 2.3% of trading volume in June to 88.2% so far in September. Binance Research said on-chain utility is also catching up with issuance. Active DeFi TVL tied to tokenized stocks expanded from $21.6 million at the start of the year to $289.1 million by Sept. 9, raising its share of active market cap from 2.2% to 7.2%. The firm argued that the next competitive edge will depend less on putting more stocks on-chain and more on turning distribution into lasting liquidity and real usage.

SQD said it has added validated data from 10 blockchain networks to Google Cloud BigQuery through its enterprise unit, SQD 360. The datasets cover full historical records for each network starting from the genesis block. Before ingestion, the data goes through six cryptographic checks, including multi-source comparison and verification of transaction roots and state roots, according to the company. SQD said the process is designed to prevent missing or incorrect records. With the data available inside the same cloud environment, developers can run business intelligence workloads, machine learning tasks, and large-scale analytics without building their own indexers or maintaining separate infrastructure. SQD also said it plans to add more networks and expand tooling aimed at AI agents. The update was cited by crypto.news and carried by Techub News.

Crypto markets traded unevenly over the past 24 hours. Bitcoin and XRP edged lower, Ethereum posted a modest gain, while Hyperliquid, TRIA, LAB, and Uniswap led a strong altcoin rally, highlighting a shift toward higher-beta tokens.

SQD, the data indexing protocol previously known as Subsquid, appeared on Cointelegraph’s Chain Reaction program to discuss why accurate on-chain data matters across trading, AI and decentralized finance. According to Techub News, members of the SQD team used the appearance to outline how the protocol approaches blockchain data verification and to share its view on the direction of the on-chain data layer. The report also described SQD as a decentralized data lake and query engine built for Web3 applications. Its focus is on delivering efficient, verifiable on-chain data indexing services that developers can use to build data-intensive products. The appearance centered on the role of dependable blockchain data in applications that rely on high-quality indexing and query infrastructure.

Subsquid skyrocketed over 180% to $0.2385, with volume up 900% to $203M. Locked SQD exceeds 400M, partnerships and AI agent hype fuel rally.

Subsquid (SQD) surged over 180% to $0.2385, with trading volume soaring 900% to $203M. Locked SQD exceeds 400M, Deutsche Telekom joins as node, and partnerships drive the rally toward the ATH of $0.2865.

Subsquid (SQD) surged over 180% to $0.2385, nearing its ATH of $0.2865. The rally was driven by over 400 million locked tokens, Deutsche Telekom joining as a node, and partnerships like Chillwhales. Trading volume spiked 900% to $203 million, fueled by renewed interest in AI agent cryptocurrencies.

Subsquid (SQD) surged over 180% in 24 hours to reach $0.2385, with trading volume soaring 900% to $203 million. Over 400 million SQD tokens locked, AI agent narrative heats up, and key partnerships drive the rally, now 22% away from ATH.