Tokenized Stock Holders Soar by 928.4K in August

Tokenized stock holders on public blockchains surged by an unprecedented 928.4K in August, according to data from Token Terminal. This marked the largest single-month increase since the metric started being tracked.

The growth rate of 120% from July's holder count of approximately 771K is notable, but it's the sheer scale that's impressive, nearly a million new wallets added in one month.

BNB Chain and Robinhood Chain dominated the market share, accounting for around 73% of all tokenized stock holders tracked in August. BNB Chain led with 730K holders, followed closely by Robinhood Chain at 518.8K.

Binance's bStocks product saw a remarkable growth from 52.9K to 464.7K holders in a single month, overtaking xStocks and placing it second among issuers by holder count. This was largely driven by Binance's zero maker fee promotion, which encouraged traders to join the platform.