Tokenized Stocks Surge Past Meme Coins on DEX Trading Charts
The tokenized stock market has been gaining traction, with tokenized stocks averaging 11% of decentralized exchange (DEX) trading in September, according to Binance Research. This marks a significant shift from earlier this year when meme coins dominated DEX activity.
In fact, tokenized stocks have made tremendous progress in the past few months. By late July, they briefly surpassed meme coins in terms of market share. As of September, the tokenized stock market has crossed $3 billion in market cap and is currently the fastest-growing real-world asset category of 2026.
The growth of the tokenized stock market can be attributed to increasing adoption by DeFi protocols, which have led to a significant increase in tokenized stock DeFi deposits over the past year. The report suggests that equities are absorbing part of the trading activity that meme coins once dominated.