BStocks Dominates Tokenized Equity Trading with 85% Market Share
bStocks has become the dominant player in tokenized equity trading on decentralized exchanges (DEX), capturing an impressive 85% share of the market in July.
The product's on-chain volume reached $9.4 billion, a significant increase from June's $2.9 billion. This remarkable growth is attributed to the launch of bStocks as BEP-20 tokens on BNB Chain around June 10-11.
bStocks' rapid adoption can be attributed to its single product offering: QQQB, a token tracking the Invesco QQQ ETF. QQQB alone generated approximately $9.27 billion in trading volume, accounting for nearly all of bStocks' activity.
The exchange's success is also due to its incentive-driven model, which includes zero maker fees through August and a tiered volume multiplier program for VIP traders. This has attracted market makers and active traders, with a significant portion of bStocks trading occurring outside traditional US market hours.