Tokenized Stocks Boom in DeFi, Surpassing $260 Million
The tokenized stock market in DeFi has experienced explosive growth, reaching $262.4 million at the end of the year, according to data from Token Terminal.
This represents a year-over-year increase of nearly 18x, or around 1,690%, with the acceleration happening over the last month alone.
The majority of these tokenized stocks are currently being used in decentralized exchanges (DEXs), where they trade 24/7. Uniswap V4 holds the largest share at $59.5 million, followed closely by other DEXs like Uniswap V3 and Raydium.
Lending protocols come second, with tokenized stocks making up around 26% of total value locked (TVL) being posted as collateral. The lending share is notable because it shows that investors have confidence in the pricing, liquidation, and redemption systems of these assets.