Tokenized Stock Volumes Skyrocket 415% to $29.5 Billion

The market for tokenized stocks is rapidly growing, with on-chain transfer volumes surging by 415% over the past 30 days to a staggering $29.5 billion.

Monthly active addresses and the number of holders for tokenized stocks have also seen significant increases, rising 209% and 167%, respectively.

The three largest platforms in the market are Ondo, Kraken's xStocks, and Binance's bStocks, which account for about 81% of the total market share.

Coinbase recently launched tokenized U.S. stocks on its layer-2 network, Base, allowing users outside the U.S. to trade shares of major companies like Nvidia, Apple, Meta, and Alphabet.