Tokenized Equities Onchain Volume Hits $9B, Up 800% Since January
In terms of total value, tokenized stocks is among the fastest growing categories within the RWA space. Year to date, the total value of tokenized stocks has gone from $683.6 million to $2.399 billion or a roughly 250% growth, according to RWA.xyz. This makes tokenized stocks the second-fastest-growing category among RWAs, just behind Venture capital, which saw growth of around 270% in the same period.
The adoption becomes even more stark when we look at onchain trading volume. Tokenized equities have cleared $9 billion in trading volume, according to Blockworks data. This number back in January stood at $1 billion and $300 million a year ago. The majority of that move happened within the span of two months.
June Is Where the Line Bends
For most of the year, the volume trend looked steady and gradual. April saw volumes reach $2.7 billion and the following month reached $3.6 billion, the kind of natural rise that reads as normal category growth. June is where the numbers grew exponentially when it doubled to $7.2 billion before growing another 25% in July. Monthly gains of this size cannot be attributed to existing users trading more, but rather on new platforms coming to the fore.
โฆ Continue reading the full article at the original source below.
