Tokenized Equity Trading Hits Record High on Three Leading Chains

According to Grayscale's analysis, tokenized equity trading on-chain has reached its highest level ever, with $3 billion in weekly spot volume. The top three chains for tokenized equity trading by volume are Robinhood Chain, BNB Chain (with a price of $744.00), and Solana ($104.87). These networks combined account for more than half of the total on-chain trading activity.

Grayscale notes that while tokenized equities have seen significant growth, with weekly spot volume reaching nearly $30 billion in early August, they still only account for about 5% of on-chain trading activity. This suggests that financial use cases are not yet widespread.

The Total Value Locked (TVL) in on-chain lending protocols has surpassed $110 million, with Solana-based Kamino and Jupiter Lend seeing increased adoption. Grayscale believes that the next stage of growth will come from expanding financial utilities such as lending and collateralization.