Coinbase-Backed Tokenized Stocks Fuel Surge to $1.3B DEX Trading Volume
Tokenized stocks on Base have seen significant growth in trading volume over the past month. According to Token Terminal, the platform has reached a total of $1.3 billion in spot DEX trading volume in just 30 days. This represents a remarkable increase of 153.8% from the previous month.
The surge in demand for tokenized equity products is largely driven by Coinbase-backed assets, which accounted for $1.2 billion of the total trading volume. The growth trend suggests a potential shift in market dynamics towards tokenized equities, despite the broader crypto market being mixed.