Ondo Finance Dominates Tokenized Stocks Market as xStocks Closes In

Ondo Finance's tokenized stocks have been leading the market, but xStocks is gaining ground. The company has seen rapid growth in user base and holdings, with over 150,000 unique holders in under a year.

According to Token Terminal, Ondo Stocks account for 34.9% of the $2.8 billion tokenized stocks market, followed by xStocks at 22.5%, and Binance bStocks at 21.2%. The top three issuers combined hold a whopping 78.6% of the market.

In recent months, Ondo's transfer volume has increased by 194% to $23.49 billion, while active addresses have risen by 41.6% to nearly 601,000. However, xStocks outpaced Ondo in weekly market cap growth, adding $17.3 million over the past seven days.