Tokenized Equities Boom on Blockchain as Weekly Spot Volume Hits $3 Billion

Tokenized stock trading on blockchain has reached new heights, according to Grayscale. The company's research note revealed that the weekly spot volume for tokenized equities peaked at $3 billion in early August.

The top three blockchains leading this boom are Robinhood Chain, BNB Chain, and Solana. These platforms handled most of the trading activity last week.

Despite the growth in tokenized equity trading, only about 5% of the market is being put to work in on-chain finance. This suggests that investors are primarily interested in round-the-clock trading and access from anywhere.

Value locked in tokenized stocks has surpassed $110 million, with total value locked (TVL) reaching over $110 million. The growth in tokenized equities is outpacing the development of on-chain utility.