Coinbase Tokenized Stocks Surge in DeFi Deposits

Coinbase's tokenized stocks have taken the lead in decentralized finance (DeFi) deposits, adding $5.6 million over the past seven days, according to on-chain tracking from Token Terminal.

This surpasses Robinhood and Binance's bStocks product, which added $1.8 million and $1.6 million respectively during the same period.

The figures represent net inflows into lending markets, liquidity pools, and other on-chain venues, not trading volume or market capitalization.

A larger deposit increase suggests users are putting tokens to work inside decentralized markets, rather than just trading them.