Tokenized Stocks Soar Over Labor Day Weekend
The tokenized stock market continued to thrive over the Labor Day weekend, with over $1.41 billion in trades across 42 major tokens.
Roughly matching Friday's session, the weekend saw a total of $1.01 billion traded on Saturday and Sunday alone, with an additional $398.3 million on Monday due to the holiday closure.
Robinhood Chain was the leading platform, handling over half of the weekend's volume at $572.8 million, followed by Binance's bStocks at $303.5 million.
The most-traded instrument over the weekend was QQQB, a Nasdaq-100 fund on BNB Chain, with $180.5 million traded, surpassing the combined totals of xStocks and Ondo Global Markets.