Tokenized Stocks Soar as $7.1 Billion Floods Decentralized Exchanges

Tokenized stocks have seen explosive growth over the past month, with three leading tokens generating $7.1 billion in decentralized exchange (DEX) volume.

The tokens are tokenized versions of SPY, Google, and Robinhood's own stock, which have gained significant traction on various blockchains and platforms.

According to Token Terminal data, SPY on Robinhood Chain has seen a 1,314% increase in market cap over the past 30 days, reaching $17.4 million. Reality's rGOOGL on Arbitrum followed with a 530.9% gain to $18.8 million.

Other tokenized stocks also recorded significant gains, including Binance bStocks' MSTRb, which rose 334.6% to $53.8 million. Robinhood assets like NVDA and SPACEX saw increases of 284.4% and 276.6%, respectively.